This is the biggest Forex money makers for those who can recognize it!
I think in Forex the biggest money makers are those that can recognize and follow the trend. The only caveat is that you really need to be able to recognize trending markets in order to profit from them. In other words, you need to know when to enter and exit positions.
Recently I started using a professional trend indicator on my MT4 installation to help me recognize forming trends. So far I’m loving it! It´s very easy to follow.
This indicator does not repaint, which is important, it can be used on any asset (currencies, commodities, and even cryptocurrencies such as Bitcoin) and although it works best on higher time frames such as H1, H4, or Daily, you can also use it on lesser time frames.
In addition to clearly defined trendline and signals that are visible on your chart, you also have the on-chart Smart Display window on the right which provides you with a lot more information that can help in determining the strength of the existing trend.
The additional information contains things like direction of the trend on upper time frames, candle remaining time countdown (very useful for timing trade entry and exit times) and candle direction on upper time frames.
And here comes the best part of this MT4 indicator: Almost every setting can be modified to suit specific asset or any trading style. It is the most versatile trend indicator available on the market today.
If you are interested in getting a copy for yourself which I recommend, you can download it from the official website athttps://mt4trendindicator.com
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