What is the best Forex indicator? None of them!

Forex traders often wonder which is the best Forex indicator. Is it stochastic, with its ability to tell you when a price is overbought or oversold? Is it the MACD, which allows you to trade using price divergence? Or maybe it’s the moving averages, which many traders use as crossover systems.

The answer is that none of them provide any information about the market. In fact, they are only useful to tell you what you have already it happened in the market. It seems a bit pointless, doesn’t it?

Yet traders, every day, flood their charts with this useless information. Sure, it may seem nice to have all those lines, colors, and shapes in your charts, but what are they really good for?

The truth is, no indicator could even come close to what could be seen. Remember, indicators are nothing more than sophisticated formulas. They react to the market in the same way, whether in range or in free fall. Do you really think the markets were meant to trade so mechanically? I do not believe it.

You have the ability to see the market from a much more subjective and analytical place. Rather than letting your indicators make the decisions for you, you should be the one to make the decisions.

This has to start with the ability to trade price action movements. The markets have these rhythms that most traders never bother to learn. There are inherent patterns in the market that can be seen every day. All you have to do is take the time to learn them.