mlefu wrote:i have tried forex without anyformal training and lets say...DAMN...lost all my deposit in a flash....but thats a usual trend in business..
1:which are the most accurate indicators?
Forex is tricky n needs alot of discipline and clear consience. I prefer using leading indicators, but there are days I also lose.
Try RSI (with a setting of 14), and Slow Stochastics (I have a 5,3,3 setting), and have a SMA 14 on the graph for the trend. The 2 former will give u turning points, and you can use on 5 mins, 15 mins, 30 mins, hourly or daily; and use the period depending on how short term or long term of a trader you are.
But importantly dont practise with your money, use demo.