Looking for a decent forex indicator? There are a lot of people who look forward to getting the best forex indicator. However, the sad part about it is that there is no indicator that work like a magic wand and always get the things right for you. However, some of them are known to be accurate almost every time but it also depends on your strategy and how you are going to use them. If you consider the platforms like markets forex, you will find that there is a wide range of indicators available to you. But as any juno market user will first take a peek at juno market opinions from people to find out an insight to how good it is, you should look for an indicator’s information and how good it is before you use it.

Common indicators and how good they are?

There are certain common indicators that people use all over the globe. These are the ones that you find often on charts and they are helpful in generating right signals. These indicators include the Bollinger bands, MACD, Parabolic SAR, Stochastic, RSI, and a slightly advanced one like Ichimoku Kinko Hyo. Some people use single indicator while others benefit from them by making a combination of various tools and using them all together for generating a signal.

According to the stats given by BabyPips of juno markets forex, for measureable number of trades over a certain time by signals from various indicators, the most successful of the lot was Ichimoku Kinko Hyo. The profit taken was 30.35% or $30,341 which was highly more as compared to other indicators. To the surprise of many individuals, some indicators actually end up with a negative rating i.e. returning with a loss.

So, when you are using indicators, make sure that you use them in a combination or get your hands on something advanced (which will be tough for beginners as some of them are premium). Always have a good reading of the chart and trade with stop loss point. Else, you may end up losing a lot of money.

What is the best forex indicators?