Showing posts with label technical indicators. Show all posts
Showing posts with label technical indicators. Show all posts

Thursday, 17 July 2008

Some factors to consider when looking for forex software and which are not to be found except with forexgen


  • Is it free? If there is a nominal charge, what additional features are made available?

  • What technical indicators are available in the charting component?

  • Is the software Windows, Mac or internet (Java or HTML) based?

  • What is the order interface? What types of orders are available?

  • Is historical data made available through the software?

  • Does the platform allow for back testing of strategies?

  • Is the graphical user interface (GUI) pleasing to look at?

  • Is the GUI conducive to monitoring a lot of information at once?

  • Does the platform have an API that allows additional software or programming?

  • enjoy all these features with forexgen platform .

Monday, 14 July 2008

forexgen technical indicators


Often you will see technical indicators classified into two categories: trending and non-trending (or oscillating). Practitioners divide technical indicators into these two categories because the trading signals produced by trending indicators are generally supposed to be more profitable during trending markets, and the trading signals generated by non-trending, or oscillating, indicators are supposed to be more profitable during non-trending, or flat, markets.


technical analysis for forexgen is a two-step process. First, we identify the current trend. Next, we sit back and wait until the market tells us it is a good time to jump in and take advantage of the current trend.Once you have identified the trend of the currency pair you are analyzing, you then need to identify those levels at which the trend has a high probability of stopping or reversing. To do that, you need to identify potential levels of support and resistance.