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Forex Trading Indicators that are Suitable for Day Trader

by Didimax Team

It is one thing that is very essential for Day Traders to understand what forex trading indicators can be used for. Especially in the current trading era, it seems outdated if the indicators they use are not suitable for the currency pair they are trading.
 
In general, Day Traders are people who use short time intervals to carry out their trading activities. One of the reasons is also because of the daily market closing which they have to analyze from the start. There are no assets they can analyze automatically.
 
So, indicators are what they will use to find out trends. With this tool, they can analyze the forex market quickly. And fortunately, day traders have many indicator options that are available in the best forex broker and its market nowadays.
 
Still, you must master all the indicators first in order to lead the market price. Conversely, if the actions they carry out are different from other day traders, then the indicators used do not provide maximum results. So, what could be the solution?
 

What are the 5 Best Forex Trading Indicators that Suit you the Most?

 
As we said before, there are many indicator options in the forex market. But there are also day traders who do not understand all this and only use indicators that are basically unrelated to day traders. So the results will not be as expected.
 
For day traders, we highly recommend you to use a price action indicator that is specifically designed for day trading. But because maybe you don't know much about the indicator, here's the list of best forex trading indicators that you should use:
 
1. Supply and Demand Indicator
 
The first is the supply and demand indicator, which is basically one of the most accurate indicators for determining buying and selling zones. This is also the most basic, supply indicates a trader's position must make a purchase.
 
2. Exponential Moving Average Indicator
 
Moving average is also the most used technical indicator by intraday traders. This is also a mathematical formula, and these forex trading indicators will help you determine the continuation of the trend with the average position.
 
3. Higher High and Lower Low Trading Indicators
 
Higher high and lower low are technical indicators to determine price trend direction. Seeing this price action, you can get accuracy above 80%. Because this method uses moving average lines and will filter unrelated prices.
 
4. Candlestick Pattern Indicator
 
The next forex trading indicators are the Candlestick Pattern Indicator. It uses reversal points, where the trend confirmation will break the support zone. There are many candlesticks, pin bars, inside bars, morning evening stars, and engulfing patterns.
 
This candlestick pattern can also help you determine when the market will move in the opposite direction. Areas of support and resistance will be easily determined by technical analysis like this. So you can also use this for day trading.
 
5. Daily Fibonacci Indicator
 
In this Fibonacci, it is certainly very common to your ears. This is a technical tool that contains national ratios. Day traders who use the Fibonacci trading tool will get a price retracement, and there is also a zone called the golden zone.
 
Are you ready to become a successful day trader? We fully encourage you to use this indicator technique to play at Didimax Forex Broker. Here, your trading experience will definitely improve greatly and you won't regret it.
 
Becoming a trader is the dream of many people. Especially if this little activity can make them get a lot of financial benefits. Therefore, there are many forex trading indicators that day traders can use for maximum results.

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