The Best Forex Indicator Money Can Buy!
"Finding the Best Forex Indicator is a Journey more than a Destination"
Ever wonder why so many forex traders claim to have found the best forex indicator? I mean, it must be the best right? They claim they are making money from using it and it's probably true. Maybe true for them. But, as soon as someone else tries to put the indicator to work, it fails miserably. WHY?
95% of all Forex traders have wasted a lot of time and money trying out and experimenting with what other traders consider the best Forex indicator. Most go about the journey in the wrong way. The key to finding the best Indicator is not about how you can use the indicator to help you predict the market and enhance your system, but to find an indicator that you can use to change and enhance yourself as a trader". No matter what you trade. What traders are really looking for is "The Best Forex Shortcut". You could be running around in constant frustration missing out on big profits if you don't figure this out.
There is no one best Forex indicator that works all the time. Even though some traders might say that their indicator works on all time frames and on all markets. The best Forex Indicator is the one that identifies with you the most. I've tried almost every major indicator out there. No matter what anyone says to you, all indicators are based on events that have already happened in the market. If there was one that could predict the future events of the market, everybody would use it and there would be no market. What they're really trying to say is that the best indicator that they have chosen is the one that that believe the most.
We Trade Our Beliefs
The best Forex indicator is the one that we believe in the most. Therefore, we trade our perceptions of the market and of what that particular indicator is going to do. We base our decision on how it's going to act and react under certain conditions and repeated events in the market that we have observed every day.
Let me share with you what I mean. I'll also share what my Best Forex Indicator is or should I say "the indicator that I believe in the most". The indicator that I connected with the most after searching hi and lo all over the Internet is The CCI or the Commodity Channel Index and the Bollinger Bands. I studied these indicators for hundreds and hundreds of hours in all market conditions. I got to know them very personally and intimately. They helped me so much that I began to anticipate what they would do before it even happened. No, I'm not saying that I am psychic, but got to know them so well because I stared at them for so long that it was like second nature to me.
They became part of me or maybe I became part of them. I know this sound corny, but ask any trader and they'll tell you the same thing. Once you become part of your indicator you start to change as a forex trader. You change in such a way that not only your confidence starts to soar but you begin to experience what I call "The Forex Knowing". You're not naive enough to know that it's not always going to workout, no plan or indicator is 100% successful. You develop a "knowing" inside of you that you can depend on, you do not second guess, one that you can put your life on the line for. Once you've reached this "knowing" you just know there's no turning back and your journey to finding the best indicator is complete.
For more on finding the best Forex indicator see: http://day-trading-forex-currencies.com
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best forex indicator
The CCI indicator well known as commodity channel index was designed by Donald Lambert. The purpose of designing this indicator was to spot the recurring turns in price. This CCI is a momentum indicator that will determine the point of price relative to moving average.
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What Is Considered to be the best forex indicator out there? Well this is my answer to that question. A very basic freely available indicator. Not some forex EA or such like.
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Created by David Lambert, the CCI was first used as an indicator for determining reversal points in the Commodities Markets. It was then discovered to be very useful in the share and forex markets. It is based on the theory that all activities move under the influence of cycles. The Maxima (+100) and the Minima (-100) occurring at regular intervals. The CCI measures the speed of price fluxuations as determined by oscillators.
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Would you like to discover how FX trading signals can deliver consistent gains month after month? Are you the type of trader that loves the potential of the Forex market but doesn't have the time to learn it properly? Or, you are too emotional about trading and money? If that sounds like you, then you're going to want to continue reading.
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