Sales of foreign exchange indicators is a relatively new business, because it will only flourish when personal computers and the Internet become publicly available and widely paid. However, "new" is not the word that should be focused on in the previous sentence, but "commercial".
As its virtual instant commodity liquidity forex moves as close to the ideal market as possible, it is clear that such a facility will attract any funds that want to invest in them, with expected return on investment of tens, hundreds, or even thousands of annual amounts. It is estimated that nearly 200 million people trade in the foreign exchange market. What is not estimated here is that the average daily turnover has reached 7 trillion US dollars!
It is a market that attracts a lot of attention. Businesses can sell anything to foreign exchange dealers - virtual private server accounts, foreign exchange brokerage services, discounts, foreign exchange robots, expert advisors, forex signals, foreign exchange management accounts, and of course forex indicators.
Of course, there is no problem using these indicators. As long as no one is convinced that you spend money on a specific indicator, promise that this is the "Holy Grail", it will tell you when to start trading and when to end the transaction. This "ultimate" solution is only possible in a world where there is a permanent movement. If it is possible at first, it means that it is possible to foresee the future! Don't guess it, but see it. Guessing is possible, but it is based on statistical dependencies, so the result is not 100% correct.
What does the foreign exchange indicator usually represent? Thousands of people use different methods to recalculate price behavior data and present it to traders in another way - but they all have something in common, and they all perform statistical processing on price behavior, ie the bar opens. The bar is closed, the bar is high and the bar is low. no others. When you look at the currency exchange rate chart, you only need to present you in different ways what you have already seen on the screen.
If you still have questions, let's dig into another very simple logic reason that has been said so far. If a particular Forex indicator can predict the future, then why does its inventor start selling it? Sales are always for money, and with such a powerful weapon, he or she can trade any amount of money on its own.
Cleverly trade, buy on a promise basis, test everything, and question your own motivation.
Happy Trading!
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Orignal From: Forex indicators and what is it about?
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