What Are the Best Forex Indicators? None!

Have you ever noticed all the forex trading platforms out there? Each one promises you the best forex indicators that you can't find anywhere else. Indicators that will tell you exactly when to buy or a sell a currency. Well if forex trading is so simple, why is it that 95% of forex traders fail to make money? After all, if we can just plug in indicators that do all the work for us, why should anybody fail to make money?

Its real simple. Almost every indicator that a forex trading platform offers is lagging. It uses mathematical fornulas based on past information to let you know what to trade. It really does not provide any future information. For it to work, the market would have to be doing the exact same thing over and over again. And if there is one thing anybody who has traded the forex market knows, is that just because something happened a couple of times, doesn't mean it will happen again. The markets are a living, breathing thing. That's one thing that all the best forex indicators could never account for.

Click Here to read part 2 of the article.