Select system, strategy and be patient. Forex Market requires you to be very disciplined and patient.
In combination with Fibonacci and MACD You can make your Forex trading strategy .
Moving Average Forex Indicators
A moving average can help cut down the amount of "noise" on a price chart. Look at the the direction of the moving average to get a basic idea of which way the price is moving.Recommended MA METHOD - Simple,Period 14
Parabolic SAR - Forex Indicators
The Parabolic SAR is an indicator based on price and time designed to closely follow trends and literally “Stop And Reverse” when they have ended.
Bollinger Bands - Forex Indicators
A Bollinger Band is a band plotted two standard deviations away from a simple moving average, developed by famous technical trader John Bollinger.
MACD - Forex Indicators
MACD is one of the most reliable indicators. Although we do not believe in using any indicators in our own trading and we always use the candlesticks charting and Bollinger Bands to find the trade setups, still we believe that MACD is a strong indicator specially for novice traders who are used to get in and out of the market too early.
There are many indicators that can fit this bill. However, one that is useful from a trading standpoint is the three-day relative strength index, or three-day RSI for short.
Most popular tool is a Bollinger Bands.Bollinger Bands are a technical trading tool created by John Bollinger in the early 1980s. They arose from the need for adaptive trading bands and the observation that volatility was dynamic, not static as was widely believed at the time.