What Type Of Trading Indicators Do You Use ?
What type of trading indicators do you Use? There are dozens of trading indicators which include short term and long term scenarios and too many to mention in this article but there have been some basic indicators that are been around for many years such as the basic moving average, stochastic , RSI, and Bollinger bands which have become more popular in recent years. However there are dozens more that people can use as well and it depends on your type of trading system if you are a short term day trader you then might use different indicators that a person who's holding positions overnight and doesn't need all the sort short term data. People also look at volume and open interest which I think is important especially open interest showing you how many people are trading that specific commodity. There are many overbought indicators such as RSI and stochastic which are overbought/oversold indicators if things have had 10 or 12 straight up days there could be overbought conditions and the price might tend to decline or vice versa on the downside if you had many down days a row it could be in an oversold condition causing the prices to move higher. In my opinion in the last 20 years there have been so many new indicators that it's impossible to possibly follow 50 or 75 at once so my advice is to come up with a trading system use indicators that you are familiar with and paper trade. If you are looking for a futures broker feel free to contact Michael Seery at 800-615-7649 and he will be more than happy to help you with your trading.
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