Indicators are great tools that allow forming trading strategies and systems in Forex. They present an easy-to-understand visual form of what’s going on in the market (on the chart, actually) without requiring a trader to perform various rather difficult and time-consuming calculations. Modern trading platforms, like MetaTrader 4, allow traders to create their own indicators but there are several popular standard indicators that re used by the on-line traders on all platforms and with all brokers. I prefer using the chart without the indicators but occasionally I add some of them to confirm my assumptions about the market. I prefer using the simple ones and I try to avoid those of them that I don’t fully understand (like Ichimoku Kinko Hyo). And how about you?
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