Forex trading is hard, especially for inexperienced beginners needing trading plans and risk management. The primary reason the forex trader loses money is impatience and psychological mistakes. For example, bad days or losses are common in the trading journey. However, you must accept the bad day and not go for revenge trading. Revenge trading kills your account and trading mentality. On the other hand, if you are on a winning streak, do not go for a bigger lot size because you believe you are unstoppable now. The market can slap you down, and you will lose your account.
There are so many methods of trading systems you can find online. Some are using manual trading strategies, and they are profitable. And some are using tools for trading forex and are also profitable. If you like, you can also use forex indicator tools for your trading journey. The trading analysis will be more accessible when you use any trading indicator. We are sharing so many free forex trading indicators here. If you like, you can also check Supply Demand Pro Indicator or SNR Forex Indicator.
This forex indicator is created based on the trend following and the RSI indicator. Forex indicators give you signals based on the market trending direction and market structure.
When taking any trades based on this forex indicator, you must follow the trend trades. Then your winning percentage will increase, and you can profit from most of the trade.
You see red and blue lines above the candlestick when using this forex indicator. When you see the red line, it’s a confirmation of a sell trade; when you see the blue line, it’s a confirmation of a buy trade.
Do not trade on the randing market. Volatility is your friend in the forex market. You can use this forex indicator for scalping and swing trading. For scalping, you must use a 15-minute timeframe for quick in and out. And 1H or 4H time frame is the best for swing trading.
You can analyze any currency pairs and commodities crypto using this forex indicator. We recommend at least $500-$1000 in your account to start using this forex indicator.
We all know we need a forex broker to trade forex, which must be regulated to safeguard the capital. ICMarkets is the best-regulated broker with a low spread for each pair.
You can make more than 20%-50% profits using this forex indicator. However, losing sometimes is okay. We recommend testing this forex indicator in your practice account before you use this forex indicator signal in your real account. After you are happy with the testing result, you can start trading for real.
You can download this Forex indicator for free from the details below.
How to use:
Step 1: Register Zero Spread Broker: https://provenbinarybot.com/ZeroSpread
Become Funded Trader 10K-200K: https://provenbinarybot.com/ftmo
Step 2: Download the Forex Indicator or forex system
Step 3: Install the Indicator to your MT4 platform
Step 4: Run the Indicator to your demo account first
Step 5: Take some trade to your demo account according to the forex system or indicators
Step 6: Go to the real account and apply the proven system
Step 7: Make Profits
Recommended balance minimum $500
Initial Lot: $0.01
Time frame: 1 hour/4 hour
Please watch this trading video after download