Tag: best indicators

A Free Forex Trading Ebook

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A Free Forex Trading Ebook

If you want to become a profitable forex trader, but have no idea where to start, then you have come to the right place. Today, we want to take a closer look at a free forex trading ebook that comes to us courtesy from the Income Mentor Box day trading Academy.

Today, we’re going to take a much closer look out of this free forex trading ebook to see exactly what it is going to teach you and why it serves as such a great introduction to the world of forex trading. Of course, we also want to touch on what the Income Mentor Box day trading Academy is.

Something else worth mentioning is that all of this week, and for most of next week, the Income Mentor Box day trading Academy, your membership in it, is going to be half price, or in other words 50% off thanks to Black Friday. Let’s take a closer look at this forex trading ebook, at Income Mentor Box, and at 50% off Black Friday sale.

Free Forex Trading Ebook

What is Income Mentor Box & Why Consider Joining

In case you don’t know what the Income Mentor Box day trading Academy is, this is one of the most popular and reputable trading schools in the world. It is designed mainly to teach people how to trade forex, although it will also teach you about cryptocurrency and stock market trading.

Furthermore, this is a 100% online school, which from the comfort of your own home without ever having to leave your couch, plus there are no such deadlines or time limits either. You can take as long as you want to go through the course curriculum, of which there are over 60 different full length lessons.

Keep in mind that the income that mentor boss day trading Academy does with my add a full scale trading education that will turn you from a new being to a professional and profitable trader. Here, you’re going to learn all of the terms, concepts, topics, and more, that you need to know in order to be a profitable and self-sufficient trader.

The course is organized in such a way so that each lesson acts as a stepping stone to the next, which means that you’re never going to be overwhelmed. You’re going to slowly learn about forex trading in a structured manner that is very easy to follow. Moreover, there are also plenty of freebies included for free with your membership and the Income Mentor Box day trading Academy.

 

The Free Forex Trading Ebook from Income Mentor Box

Of course, the main thing that we want to take a look at today is the free forex trading ebook that comes to us courtesy of the Income Mentor Box day trading academy. Now, what we do need to say here is that this free training ebook serves as a fantastic introduction to the world of forex trading.

With that being said, it does of course not qualify as a full scale trading course or education. The point of this particular free forex trading ebook is to introduce you to the world of forex, to some really improved in terms and concepts, and to prepare you for future learning. For instance, you could first read this forex trading ebook before you take the Income Mentor Box day trading academies curriculum.

It will serve as a good introduction so you know what to expect when you actually take the course. With that being said, you can still read this free forex trading ebook on its own, without joining the income and mentor box day trading. Right here, we have included a link to this free forex trading ebook that you can access free of cost. We do think that it will help prepare you for your journey into forex trading.

What is surprising is that even though this ebook is totally free, it still contains a whole lot of useful information that you need to know in order to be a profitable, successful, and save forex trader. For instance, some of the chapters that you get here include an introduction to forex, the issues that cause forex traders to fail, various trading systems, the Elliott wave theory, trading psychology and overcoming your fear, and a word on forex scams and forex brokers. If you plan on becoming a successful forex trader, would definitely recommend taking a closer look at this free forex trading ebook.

CLICK HERE TO ACCESS THE FREE FOREX TRADING EBOOK 

Free Forex Trading Ebook

 

50% Off Black Friday Sale at Income Mentor Box

OK, so yes, that free forex trading ebook is available for your cost using the links that we have provided you with you today. With that being said, your membership in the Internet nightcore box day trading Academy is not free, and will usually cost you $299. However, thanks to this current Black Friday sale that is currently going on, your membership is available for half price or 50% off.

This means that instead of paying $299 for your membership, the price is going to be just $145.50. People, this is an absolutely fantastic price, and you’re never going to find another reliable and legitimate day trading Academy like this for an equally awesome price. As we mentioned above, besides that free forex trading ebook, as well as the course curriculum itself, there are a couple of other useful things included with your membership in the Income Mentor Box day trading Academy.

Black Friday

  • Included with your membership is a free support and resistance indicator that is going to provide you with easy to follow signals.
  • The coolest part of the Income Mentor Boxing training Academy is that included with your membership you get a free forex signal service that is going to provide you with up to a dozen high quality forex signals per day. These come with entry points and exit points, and are fully researched, and accurate up to 90% of the time, you can make easy money without having to do any of the heavy lifting.

 

Income Mentor Box forex signals - Free Forex Trading Ebook

 

Final Thoughts

When all has been said and done, do you want to join income that mentor box day trading Academy, at least if you want to become a profitable forex trader. you get a free support and resistance indicator, an awesome trading course, and a fantastic forex signal service, and currently it’s all available for 50% off thanks to Black Friday. Whether you want to join the Income Mentor Box day trading Academy or not, we do still recommend taking a look at the free trading ebook that we have linked here today.

Black Friday

My Success with Ultimate Profit Scalping Indicator

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My Success with Ultimate Profit Scalping Indicator

Hello everybody, my name is Carol Brown, and I want to talk about how I used the Ultimate Profit Scalping Indicator to become a profitable market trader. Now, let me tell you that my life wasn’t always cotton candy, rainbows, and winning trades. I want to start this story from the beginning.

Ultimate Profit Scalping Indicator

Life Before Being a Profitable Market Trader

I just want to start off by talking about what my life was like before I started trading the market, particularly using the Ultimate Profit Scalping Indicator. Before I was a fulltime trader, I was a pen keeper at my local zoo. I worked as a zookeeper and manager for over 15 years.

My responsibilities included feeding the animals, looking after their health, cleaning their enclosures, and yes, shoveling their waste too. Let me tell you that shoveling the feces created by 4 elephants on a daily basis is not my idea of fun. In all reality, I had a very difficult and smelly job, one that had me working upwards of 12 hours per day, 6 days per week. Working sometimes nearly 80 hours per week left me totally exhausted.

Moreover, I’d get home just to have my husband and kids tell me that I smell like the backside of a giraffe. Who would have guessed that spending the majority of my time in a zoo would have me smelling like a wild animal?!? Anyway, I could have dealt with the smell and the long hours, well kind of, but that said, it’s not like the pay was astronomical. Sure, I was making an alright living, but I wasn’t making a fortune.

Consider the fact that I have a husband on disability who is unable to work, as well as two kids who were at the time just getting to the age where I would have to pay for their post-secondary education. I was working way too long hours for way too little money, I always smelled like animals, and I wasn’t spending nearly enough time with my family either. For this reason, I decided that it was time to change things up. I wanted to work less, make more money, and spend more time with my kids.

At the time, my sister was a profitable trader. She specialized in trading currencies, the stock market, and cryptocurrencies. She was making about a quarter of a million dollars per year. She tried convincing me to become a trader for many years, but I always refused, that is until I had finally had enough of working at the zoo.

Without getting too deep into it, on a faithful summer day, I watched one of the lions nearly kill one of the other zookeepers. It was at this moment that I decided that enough was enough. I was now going to become a trader.

My First Attempt at Trading the Markets

Ok, so let me tell you that my first attempt at trading the market didn’t go to plan. On a side note, I made the massive mistake of quitting my job too early. Therefore, once I had quit my job and started trading, I had to get good at it, and fast.

The issue is of course that market trading is not easy, quite the opposite. It’s hard as hell, and I just wasn’t prepared. I went into it without knowing a single thing about trading, and I invested way too much cash as well.

Also, I tried trading crypto, Forex, and stocks all at the same time, which just added to the confusion. I ended up blowing through about $6,000 of savings in two weeks flat. I had divided the funds up into equal portions for all three markets I was trading, and it did not go well. Yeah, I was using some half-baked trading strategy with charts and indicators that I understood about as well as quantum physics.

Surprisingly enough, I managed to win a few trades, but not nearly enough. I was now out $6,000, and at this point, I had become worried about the financial wellbeing of myself and my family. Putting two kids through university is not cheap by any means. I was super desperate at this point and needed some tools that could help me make quick money, and this is when by total accident, I discovered the Ultimate Profit Scalping Indicator.

 

When I Discovered the Ultimate Profit Scalping Indicator

At first, I was very hesitant at paying money for some indicator that I knew nothing about. However, in fact, my sister the pro trader was also using the UPSI or ultimate profit scalping indicator to trade. Now, remember that she is a long time professional who makes an amazing living doing trading.

So, when she told me that the Ultimate Profit Scalping Indicator was the real deal, I had no choice but to believe her.

So, I paid the $299 that it costs to purchase the indicator. Yeah, it’s a good chunk of change, but that said, once I had purchased it, it was mine for life. I’m still using the UPSI today, and I only ever had to make that single payment over a year ago.

So, let me just tell you what this Ultimate Profit Scalping Indicator is all about, how it works, what it did for me, and why I like it so much. Folks, I’m not kidding when I say that this is one of the best trading tools I have ever used. There is a reason why I am writing about it, because it’s simply awesome.

Ultimate Profit Scalping Indicator

  • What’s really cool about this particular indicator is that it is designed for short term profits. I always hated the idea of waiting for days or weeks to make profits. The Ultimate Profit Scalping Indicator solves this issue without question. Scalping in trading is of course all about short term profits. Thanks to the UPSI, none of my trades were open for longer than a day, sometimes for just 4 hours or even just 1 hour. Quick profits is the name of the game.

  • Something else that stands out about the Ultimate Profit Scalping Indicator is that it can be used on any chart on tradingview.com. Tradingview offers 100% free charts of all types, for all markets, and on all timeframes. This means that I don’t have to spend any more money to trade. Simply attach the UPSI to any chart on Tradingview and get going.

  • What also stands out about this indicator is that it is super easy to use. Folks, remember that at this point, I was still a newbie trader and I really didn’t know what I was doing. However, using the included instructions and a bit of common sense, I was able to figure out how to use the UPSI in less than a day.

  • In terms of how it works, the Ultimate Profit Scalping Indicator provides me with awesome buy and sell signals that are super accurate. All I have to do is to wait for good entry points to appear, and then place my trades. In terms of being user friendly and newbie friendly, the Ultimate Profit Scalping Indicator is definitely one of my favorite tools out there.

Ultimate Profit Scalping Indicator

  • The other really cool thing about the Ultimate Profit Scalping Indicator is that it can be used for any market. I use it to trade cryptocurrencies, Forex, and the stock market. Being so versatile is another bonus no doubt.

 

  • Using the UPSI, depending on how much I trade and invest per trade, I can make anywhere from $200 to $1,500 per day. It is also worth noting that the accuracy rate of this indicator is very high. I’m winning anywhere from 70% to 90% of the trades that I place using the Ultimate Profit Scalping Indicator.

 

Being a Successful Trader Thanks to the UPSI & The Stock Market Trading Course

Ok, so when I said that I paid $299 for the UPSI, I was not 100% honest. I actually paid $399, and the reason for it is because I bought the package deal that also came with the Stock Trading Mentor Box stock market trading course.

CLICK ON IMAGE TO GET THE ULTIMATE PROFIT SCALPING INDICATOR

Remember that I said that I was a trading newbie. However, I didn’t want to remain ignorant to the ways of the market, which is why instead of getting the indicator alone, I also joined the trading course. Besides using the UPSI, this is one of the best decisions I have ever made.

I don’t want to go into too much detail, but Stock Trading Mentor Box was a super easy trading course to understand. It came complete with over 50 full length trading lessons, all of which came in an easy to following along video format. All of the lessons are taught by a great teacher who makes learning easy. By the end of the course, I had started considering myself a pro trader.

CLICK TO GET UPSI & THE STOCK MARKET TRADING ACADEMY

This was thanks to bot the UPSI and the trading course. At this point, between my own trading skills that I learned from Stock Trading Mentor Box, and the signals I get from the Ultimate Profit Scalping Indicator, I am making a great living.

I am now making up to $20,000 per month. I have more than enough money to support my whole family and to have fun. I also have enough time to actually spend with my family. Trading from home and making great money is so much better than shoveling elephant dung for a living!

 

For more trading tips, strategies, methods, and everything in between, check out Andrew’s Trading Channel. Here you will find the world’s best stock market trading school, a trusted day trading school, state of the art indicators and trading tools, Forex and crypto signals groups, and more! 

Using the UPSI Indicator to Win Trades

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Using the UPSI Indicator to Win Trades

If you are just getting into the world of trading, then you might be having trouble winning trades. The fact of the matter is that trading is of course not easy. This is the case whether we are talking about stock market, forex, or cryptocurrency trading. However, with the right tools in your arsenal, you can place trades and win them on a consistent basis. What we are talking about here today is the UPSI indicator.

This is a relatively new trading indicator that has only been around for about one year. However, in that short amount of time, it has managed to make a massive impact on the trading community. The reason for this is because the UPSI is an extremely reliable indicator that provides you with amazing buy and sell signals that you can then place trades on. It’s an extremely user-friendly indicator that doesn’t take much knowledge to use.

ultimate profit scalping indicator

The UPSI indicator has managed to provide thousands of people with extremely positive results. This is perhaps one of the most profitable and user-friendly scalping indicators on the market at this time. What we want to do right now is to take a much closer look at this UPSI indicator to see exactly what it is and what it can do for you.

The UPSI in a Nutshell

First and foremost, UPSI stands for ultimate profit scalping indicator. In case you don’t know what an indicator is, or what scalping and trading is, then no worries because we will explain both of these things right now. What you of course need to know first is what exactly an indicator is. When it comes to trading, an indicator is a technical analysis tool that is a mathematical calculation based on a security’s price and/or volume.

It’s also important for you to know what scalping and trading is. When it comes to trading Forex, crypto currencies, the stock market, or anything else, profit scalping has to do with placing short term trades that are only open for a short period of time. The trades generally feature very small lot sizes and small investment amounts. The main point of profit scalping is to make very fast and consistent profits without putting too much money on the line.

UPSI

The point here is that the UPSI or the ultimate profit scalping indicator, is a special type of indicator that is designed to provide you with extremely profitable buy and sell signals for those short term scalp trades. What is of course beneficial is that this UPSI is designed to do all of the hard work and heavy lifting for you. It has the ability to provide you with extremely accurate buy and sell signals. All you have to do is to attach it to a specific chart on tradingview.com, and allow it to provide you with signals.

Something that is definitely worth noting about the Ultimate Profit Scalping Indicator is the fact that it doesn’t ever repaint signals. This means that you don’t ever have any old or inaccurate signals that are no longer valid.

UPSI

What you probably also want to know about this Ultimate Profit Scalping Indicator is how profitable it actually is. Well, based on the results that it has managed to achieve for thousands of people so far, we know that it is around 90% accurate. This means that you should be able to win at least nine out of every ten trades that you place using the signals that are provided to you by the UPSI. This is an extremely high accuracy rate, and it makes it nearly impossible to not make money.

Three Components of the Ultimate Profit Scalping Indicator

What is important to know about this Ultimate Profit Scalping Indicator is that it actually comes with three separate components that will help you win trades.

The first of these three components is the trend component. This is the main component that provides you with extremely accurate buy and sell signals that you can then place trades on.

The second of these three components is called the trend cloud, and this helps traders identify both long term and short term trades.

The third of these three components is the volume indicator, and this is very useful because it provides you with information about the overall activity and momentum of a certain asset that you are looking to trade with.

As you can see, in terms of providing you with useful and actionable bold information that you can place trades on, that UPSI is definitely one of the best indicators out there at this time.

UPSI

Tips on Using the Ultimate Profit Scalping Indicator

What we want to do right now is to provide you with the most important tips that you need to know to use this UPSI for the best results.

The Best Timeframe

The UPSI is designed for profit scalping, but there is a limit to how small that time period should be. Many people ask if this indicator is better used with a one hour or four hour chart. The answer is that the Ultimate Profit Scalping Indicator does provide you with more solid signals. The lower the timeframe, the more signals you get, but the higher the timeframe, the more accurate they are. Using hourly, four hour, and daily timeframes all work very well.

The Best Assets to Trade With

The fact of the matter is that the UPSI indicator can be used on asset. You can use the ultimate profit indicator on Forex charts, stock market charts, cryptocurrencies, commodities, and much more. Just don’t use the UPSI for very exotic foreign currency pairs or very new and upcoming crypto coins. You are best off trading the major Forex pairs, the biggest crypto coins, and popular stocks.

The Best Time to Enter Trades

Ok, so as tends to be the case with market trading, you are best off using the UPSI during major market hours. This means that you want to use it mostly between 9 AM and 7 PM GMT. In terms of how fast you want to act on the signals that the Ultimate Profit Scalping Indicator provides you with, the answer is right away. The faster you place trades on the signals that you are provided, the better the chances of it being profitable. You can also enter the trade a few bars after the signal, but the sooner the better.

Exiting Trades

When it comes to using the UPSI, people are also wondering what the best method for exiting trades is. People are wondering whether they should wait for the opposite signal as a confirmation to close the trade, or if they should use stop loss and take profit. If you are a very experienced trader, when you place a buy trade, you can look for the next levels of resistance, and then use that to close out your trade. Using support and resistance is generally a great way to close out trades.

Getting Signals

What you also need to know about this UPSI is the fact that it does come complete with an alert system. You can set up alerts for various assets, so that you will be notified whenever signals come out that you can place trades on. You can set this alert system to activate on your computer, your mobile phone, or anywhere else. The bottom line is that you can always trade with the most accurate and newest of signals.

Cost of the UPSI

OK, so the reality here is that the UPSI is of course not free. It does cost you some money. However, this awesome indicator that can lead to you making thousands of dollars per day costs just $299. This is a one time payment, and there are absolutely no additional, hidden, or recurring fees of any sort. This is a one time payment of $299, and you will have full, unlimited, and lifetime access to this awesome ultimate profit scalping indicator.

Now, with that being said, you can also get the Ultimate Profit Scalping Indicator included with your membership in Stock Trading Mentor Box. Stock Trading Mentor Box is at this time the number one rated stock market trading school in the world. This is the absolute best place to be to learn how to trade the stock market, as it features a fully comprehensive curriculum that consists of well over 50 full length and easy to understand tutorial videos.

If you want to learn how to be a profitable stock market trader, then Stock Trading Mentor Box is the place to be. Keep in mind that a membership in Stock Trading Mentor Box costs $399, which is $100 more than the UPSI alone, but a comes with the UPS I included with your membership. This way, you get to learn how to be a profitable and proficient trader, while also having access to what is now one of the world’s best scalping indicators.

The UPSI for Easy Trades – Final Thoughts

The fact of the matter is that if you want to make your life as a trader easier and more profitable, than using an awesome indicator such as the UPSI is definitely a way to go. At this time, when it comes to scalping trading, the Ultimate Profit Scalping Indicator is the best of its kind. Remember that you can also get it as an extra in its Stock Trading Mentor Box, and if you enroll in Stock Trading Mentor Box, then you get a great deal on both education and the indicator.

CLICK ON IMAGE BELOW TO JOIN

Stock Trading Mentor Box Direct Link

RSI Indicator for Newbies

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RSI Indicator for Newbies

If you are planning to become a proficient Forex trader, then something that you need to know all about are indicators. Indicators are the most important tools used in trading Forex, stocks, crypto, and everything in between. One of the most important indicators for you to know is the RSI or Relative Strength Index.

For those of you who don’t know, indicators are the cornerstone of technical price analysis. In other words, indicators provide you with important information about past and current price movements. This should of course provide you with a good idea of what price movements in the near future look like. There are four types of indicators out there. These are trend, momentum, volatility, and volume indicators.

Momentum indicators are some of the most popular and useful, which is what the RSI or relative strength index is. What we want to do today is to provide you with some basic information on what the RSI is, how to use it, what it tells you, and more. Let’s get to it and help you trade using the relative strength index.

RSI

What is the RSI?

Ok, so as we have established by now, RSI stands for relative strength index. This is a special type of indicator that was first developed by J. Welles Wilder Jr, who then introduced it to the world in his 1978 book, New Concepts in Technical Trading Systems. Since then, it has quickly become a super popular technical analysis indicator, and for good reason, because it works.

Now, in terms of the four indicator types, the RSI or relative strength index, is a momentum indicator. In other words, it measures how strong or momentous recent price changes were. This is them used to see if a stock or other asset is overbought or oversold. Of course, if something is overbought or oversold, it provides you with valuable information on how to place a trade.

What you also need to know is that the RSI or relative strength index is displayed as an oscillator. This means that it moves or oscillates between values ranging from 0 to 100. It can therefore provide you with valuable information about the bullish or bearish momentum of an asset.

RSI

How to Interpret the Relative Strength Index

Now that you know what the RSI is and what it tells you, it’s also important for you to know how to interpret and read the relative strength index. Of course, if you cannot interpret what you see, then you cannot use it to place profitable trades. In order to use the relative strength index properly, there are just a few important things that you need to know.

So, when the RSI goes past the horizontal 30 level, it is generally a bullish sign, and when it goes below the 70 reference level, it is generally a bearish sign. To put it in simpler terms, if the RSI provides you with a reading of 30 or below, it is an indication that an asset is oversold and/or undervalued. When the relative strength index provides you with a reading of 70 or above, then an asset is becoming overvalued and/or overbought.

VISIT ANDREW’S TRADING CHANNEL

What you also need to know is that during a trend, the RSI can fall into a range or band. When there is an uptrend going on, the relative strength index will stay above 30 and should hit 70 quite often. If there is a downtrend in the works, the RSI should usually never exceed 70, and will often hit the 30 mark, or well below 30.

To provide you with an example, if there is a downtrend, and you see that the RSI does not reach 30 or below, and then also rallies at 70 or higher, it means that a downtrend has weakened and will likely reverse into an uptrend. The exact opposite is the case with an uptrend. Keep in mind that using both moving averages and trend lines is important when using the relative strength index indicator in this manner.

Drawbacks of the RSI

Just like any and every indicator out there, the RSI does also have some limitations that you will be faced with. The biggest issue with the relative strength index is that it can be difficult to separate false alarms and true reversal signals. To provide you with an example, a bullish crossover followed by a sudden decline in stock is a false signal.

What you also need to be aware of is that since this is a momentum indicator, it can stay in the oversold or overbought positions for quite some time after an asset has already achieved significant momentum in the opposite direction. For this reason, the RSI is usually the most useful in an oscillating market where an asset is alternative between bearish and bullish price movements.

Using the Relative Strength Index to Place Trades

Alright, so the fact of the matter is that there are many ways to trade with the RSI. Moreover, there are also many other indicators that you can use along with it. Now, we do really recommend watching the tutorial video that we have included here, because it provides you with perfect guidelines on how to use the RSI.

That said, the most important takeaway from this video is that you want to use support and resistance along with the relative strength index. This will help prevent false reversal signals from occurring, and it will also help you spot those reversal much easier.

For instance, if you see that an asset is undersold at the 30 line on the RSI, then you also want to look for major support lines. These support lines will indicate that a trend reversal is on the horizon and that an uptrend could soon begin. The same goes in the other direction.

Trading with the RSI – Final Thoughts

There you have it people, all of the basics that you need to know about this awesome RSI indicator. We definitely recommend watching all of the videos that we have included here today. Andrew does a great job at explaining exactly how to use the RSI indicator in a variety of ways.

If you need help day trading, and what you need is a comprehensive education, particularly on Forex trading, then the best place to be is the Income Mentor Box Day Trading Academy. At this time, the IMB Academy is the most comprehensive, user friendly, effective, and affordable Forex trading school out there.  

CLICK BELOW TO JOIN INCOME MENTOR BOX AND START MAKING REAL PROFITS! 

MACD Indicator Trading Guide

Fabian FabianLatest News / Latest News / NewsLeave a comment

MACD Indicator Trading Guide

If you are trading stocks, forex, cryptocurrencies, or anything in between, then one of the things that you absolutely need to know how to do is how to perform technical analysis. Now, when it comes to technical analysis indicators, one of the most important ones that you need to know about is the MACD indicator.

The MACD Indicator is an extremely useful tool when used in the world of technical analysis. It can provide you with a whole lot of information in relation to the direction of a price of a security or asset.

If you do not know what this indicator is, how it works, what it tells you, or how to calculate it, then no worries, because this is exactly what we are here to teach you today. Let’s get right to it and provide you with a newbie trading guide for the MACD indicator.

What is the MACD Indicator?

For those of you who don’t know, MACD actually stands for Moving Average Convergence Divergence. Now, although this may sound like a very complicated technical indicator to master, it is actually fairly simple. All of the MACD indicator does is measure the relationship of exponential moving averages or EMAs.

When you look at this indicator, when attached to a chart, you will see that it displays three lines. It displays the MACD line, which is a blue line, a signal line, which is a red line, and a histogram, which is a green line. The main goal here is to illustrate the difference between the MACD and signal lines.

To put this in technical terms, the moving average convergence divergence indicator is the difference between two moving averages that have been exponentially leveled, and these are generally on the 12 and 26 day periods, with the signal line usually taking the form of a 9 period exponentially smoothed average of the moving average convergence divergence line.

One of the main things that the MACD indicator does it to function somewhat as an oscillator, because it provides you with both oversold and overbought signals, which are either below or above the zero line, with MACD lines generally wavering around that same zero line.

 

What does the Moving Average Convergence Divergence Indicator Tell You?

OK, so something that you are probably wondering here is what exactly the MACD indicator has the ability to tell you. So what you need to know here is that the moving average convergence divergent syndicated is one of the most versatile technical analysis tools out there, and the reason for this is because it has the ability to measure two different things.

What you need to know here is that indicators are generally divided into four categories, which are trend, momentum, volume and volatility indicators. While this particular indicator is actually both a trend indicator and a momentum indicator combined into one which therefore makes it extremely useful. Below we have listed some main points in terms of exactly what this indicator tells you and what it means when it looks a certain way.

  • When the moving average convergence divergence’s line crosses above the zero line, the signals are in an uptrend. Traders usually take this as an indication to place buy trades.
  • When the MACD these line crosses below the zero line, the signals are in a downtrend. Traders usually take this as an indication to place sell trades.

MACD

Pros & Cons of the MACD Indicator

Yes, the moving average convergence divergence indicator is of course an excellent one to use for technical analysis. However, as is the case with all indicators, there are both advantages and disadvantages to using the MACD.

Pros
  • The fact that it is both a trend and momentum indicator is of course a big bonus.
  • When using the MACD crossover and the divergence, this indicator provides you with very clear and accurate buy and sell signals.
  • For increased clarity, this particular indicator can be used along with other tools and indicators.
Cons
  • It is sometimes the case that this particular indicator may provide false signals, especially when it comes to reversals. Sometimes something that looks like a reversal with this indicators as actually just a sideways movement or a pause before the same trend continues.
  • It is also sometimes the case that this particular indicator doesn’t provide 100% accurate analysis of trends. Sometimes trend following signals may fail. Sometimes these signals may also not move enough before a trend reversal.

 

MACD - Wikipedia

Calculating the Moving Average Convergence Divergence

Although this may all seem very complicated, the fact of the matter is that calculating the MACD is not actually that hard. Keep in mind that this following calculation is using the 12. And 26. Timeframes as the moving average convergence divergence indicator usually uses.

  1. First, calculate the 12 period EMA for the price at a chosen time.
  2. Calculate the 26 period EMA for the price at a chosen time,
  3. Subtract the 26 period EMA from the 12 period EMA.
  4. Based on the result obtained in step 3, calculate a 9 period EMA.

MACD

 

FAQ

  1. What is the Best MACD Setting for Day Trading?

Generally speaking, the MACD is set to 12, 26, and 9, as we have spoken about in great detail above. However, if we are talking about the best settings, these are considered to be 5, 13, 1, as these provide you with a visual representation of MACD patterns. However, some people love the sensitivity provided by 5, 35, and 5 settings.

  1. How is MACD calculated?

Generally speaking, the 26 period EMA is subtracted from the 12 period EMA (or the 13 from the 5), the result of which is the MACD line. A nine day EMA (or 1 day), of the moving average convergence divergence line, called the signal line, is plotted on top of the MACD line, which then functions as the trigger for buy and sell signals.

  1. How Accurate is MACD?

When it comes to technical indicators for day trading, the MACD indicator is quite accurate. Generally speaking, you can expect it to be accurate upwards of50% of the time, which is quite good as far as indicators go. You can of course improve this accuracy level if you use this indicator along with others.

The MACD Indicator – Final Thoughts

There you have it folks. You should now know all of the basics about the MACD indicator so you can start using this technical analysis tool on a regular basis. It is one of the better technical analysis tools out there, particularly in terms of trends and momentum, so we definitely recommend mastering it.

Remember folks, if you need help day trading, and what you need is a comprehensive education, particularly on Forex trading, then the best place to be is the Income Mentor Box Day Trading Academy. At this time, the IMB Academy is the most comprehensive, user friendly, effective, and affordable Forex trading school out there.  

CLICK BELOW TO JOIN INCOME MENTOR BOX AND START MAKING REAL PROFITS! 

The Best Day Trading Indicators

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The Best Day Trading Indicators

If you are just getting into the world of trading, whether Forex, cryptocurrencies, or otherwise, something that you definitely need to know all about are trading indicators. In case you have no idea what trading indicators are no worries because we will explain this in great detail below. However, with that being said, what you need to know here is that day trading indicators are important tools that provide you with crucial information that will determine exactly how and when you trade.

The bottom line is that without good day trading indicators, you just aren’t going to make any money and you aren’t going to be successful at all. Today we’re here to do a bit of a guide for newbies in terms of day trading indicators, we’re going to talk about what exactly day trading is, what indicators are, what indicators tell you, and what the best day trading indicators out there are. Let’s get right to it.

 

Trading Indicators

What is Day Trading?

Before we start talking about day trading indicators, it’s probably a good idea for you to get a basic definition of what actual day trading is. Now first and foremost, day trading is most often characterized by large degree of technical analysis, and it requires a lot of self discipline and objectivity. Now, day trading usually refers to a practice of buying and selling a specific security in a single day.

Therefore it can also be known as intraday trading as it all happens over the span of one day. For the most part, day traders will utilize a lot of leverage as well as a variety of short term trading strategies to capitalize on even the smallest of price movements that occur in extremely liquid currencies and stock markets.

 

What are Indicators?

OK, so now that you know what day trading is, it’s a good idea for you to get a basic definition of what a day trading indicator is. So the most basic definition of an indicator is a tool or set of tools that is applied to a trading chart that can help to make the market more clear.

The main purpose of indicators are to provide you with a certain set of information, such as when an asset is overbought or oversold, what the market trend is like, and more.

Moreover, trading indicators are mathematical calculations that are plotted as lines on a price chart and it helps traded to identify certain signals or trades that can be placed. Indicators usually refer to a technical chart pattern that is derived from the price, volume, or the open interest of a given asset. Of course there are many different types of indicators that tell you different things.

Trading Indicators

 

What do Day Trading Indicators Tell Us?

As mentioned above, day trading indicators are designed to provide you with a variety of facts about a certain security or asset. So what exactly do trading indicators tell you? When it comes down to it, there are four main pieces of information that you can gleam from any great day. Trading indicator.

 

The Trend

The first thing that a trading indicator might tell you is the trend of the market, or in other words, in what direction the market is moving. Generally speaking, trend indicators are also known as also oscillators, as they usually move up and down between highs and lows.

Volume

The second type of day trading indicator out there is the volume indicator and these change with time. his type of indicator indicates the number of stocks that are being bought or sold over a specific amount of time. When the price of a security or asset changes, the volume indicator will indicate how strong that move is.

Momentum

The third thing that indicators might tell you is what the momentum of an asset is like. Or in other words, momentum indicators tell you the strength of a certain trend. Momentum indicators will also signal if reversal is in the near future.

Volatility

The fourth type of indicator out there is the volatility indicator, which is in fact one of the most important ones of all, as it indicates how much a price changes over a given. If there is high volatility means there are big price moves.

The Best Day Trading Indicators

Now that we know what day trading indicators are and what they can tell you, let’s take a quick look at the very best intraday trading indicators out there.

Bollinger Bands

The Bollinger Bands indicator is a volatility indicator that tells you how volatile a market is. When the market is moving and volatility is high, the bands widen and increase the gap between them, and the gap between bands is small when volatility is low.

Moving Averages

Moving averages are intraday trading indicators that provide you with useful information about the momentum of a market trends and trend reversals, as well as stop loss and stop loss points. Moving averages are all about allowing traders to find opportunities in the direction of the current trend.

Commodity Channel Index

The Commodity Channel Index or CCI allows you traders to identify new and emerging market trends. This indicator provides you with values ranging from negative 100 to positive 100 an if the value is positive in indicates an up trade and if the value is negative, it indicates a downtrend.

Relative Strength Index

The relative strength index, or RSI for short, is another momentum indicator that features a single line that ranges from zero to 100. This indicates if a stock is overbought or oversold, and if the reading is above 70 it indicates that a security is overbought and if it is below 30 it is oversold.

Stochastic Oscillator

This is another fantastic day trading momentum indicator that provides you with information about the closing price of a stock, with a range of prices over a certain period of time.

 

The Best Trading Indicators – Final Thoughts

There you have it folks, all of the information that you need about the best day trading indicators out there to get started.

Remember folks, if you need help day trading, and what you need is a comprehensive education, particularly on Forex trading, then the best place to be is the Income Mentor Box Day Trading Academy. At this time, the IMB Academy is the most comprehensive, user friendly, effective, and affordable Forex trading school out there.  

CLICK BELOW TO JOIN INCOME MENTOR BOX AND START MAKING REAL PROFITS!