Do you check technical indicators before opening or closing positions? Many novice traders ignore this tool just because they do not know how to use it. For such cases, we compiled a simple guide on Forex indicators. We will tell you about their key types and prompt which of them are the most effective. So, in simple words, indicators are mathematical calculations, which predict the movements of the price of a certain currency in the future. They are usually based on an extensive range of criteria: volume, open interest, exchange rates, and others. Those traders, who use them, are sure that prices behave identically under identical market conditions. So, they make predictions taking into account past trends. In general, there are three types of technical indicators: Trend indicators. They point out certain tendencies in price movements. Oscillators. Such indicators show when the tendency is going to reverse or get exhausted. They can be used to determine when it is time to open tr...