Forex Trading Strategies - How to Find the Best Forex Indicator in Currency Trading!

There are many forex trading strategies but most come up very short when it comes to really testing the results. In fact, you would be hard pressed to find one that can make you 5 to ten pips a day consistently. That is until now. Most forex traders try to go for the home run and lose all their trading capital in a very short period of time. I believe in the "hit a bunch of singles theory." Find out how to make small but very consistent profits and you will get rich in a relatively short period of time. Trust me, that is how you do it. In reality, technical analysis, if used properly is the best way to find opportunity when trading in the currency market. So, the question comes up: How do you find the best forex trading indicator? Let's take a further look into this matter:
There is a lot of talk about technical analysis and which trading indicator is best but the answer simply is NONE. You need more than one indicator to spot an opportunity. In actuality, the best way to make consistent profits is to trade with two indicators to confirm a trading signal generated form reliable forex trading software. It may sounds like overkill but trust me, this is the way to do it. I personally recommend using the Relative Strength Indicator (RSI) and the 200 day moving average. You should make sure you use these two indicators to confirm a move generated from a reliable software product. If you are interested in a quality software program you may want to check out a review on the three most popular software programs. I have provided a link below. Good luck with forex trading ahead.By George Knoechel