I am looking for a reliable indicator/s to signal ...

Hello Basil,

I've found a good source for forex trading education called ForexFace: http://www.ForexFace.com/ , there you can find a hugeamount of forex trading articles on different topics, including forex indicators and signals.

Besides that, you can also download a free forex course (forex ebook); here is the download link:
http://www.forexface.com/free-forex-ebook.php

Last but not least, there's one of the ebooks they review, that IMO is a great help to start trading forex: the course is called Forex-Trading-Machine... you can read the review here:
 http://www.forexface.com/forex-products.php?forex_id=1

All the best,
Jerome

Hi Basil,

I can recommend a consistent and reliable trading system for day traders or swing traders. 

These guys have been trading for over 25 years and they use their proven strategy to trade across several different markets in different timeframes.  They just launched a system that focuses on Forex trading.  You can read about it here: FX Live

They hold a weekly webinar that gives you a sneak peak into what the system's capabilities are and the strategy they follow.  You can sign-up and attend for free.  Visit: http://www.netpicks.com/weeklywebinar

Finally, they offer a valuable free ebook.  They call it the 7 trading commandments.  Go here to download: http://www.netpicks.com/7secrets/

Happy Trading,

Suz

Hello Basil,

Here are the Forex online trading sources that helped me to make investments and  adding to my trading information pool, it may be useful for you as well, http://www.finexo.com/ and for learning about the forex trading move to http://forextradingguru.blogspot.com/ & http://forexmoneymaker.blog.com/.....

There are three different types of trends.

Long-term Trend: A long-term trend in the Forex market lasts approximately six months or longer. Bollinger Bands are very helpful for identifying long-term trends.

Medium-term Trend: A medium-term trend lasts from 2 to 6 months.Japanese candlesticks can be helpful to identify the beginning and end of a short-term retracement.

Short-term Trend: A short-term trend in Forex lasts from one day to two months. Japanese candlesticks can help to identify a reversal. Use the daily or hourly charts to identify short-term trends. Bollinger Bands are not typically helpful.

If you are not a a intra day trader then you can use MACD. MACD will help you to find the market trend and according to market trend you can enter in the market.

You must go for technical  indicators. Professional forex traders use technical indicators in conjunction with one another in order to set their own comfortable trading range and determine the important entry and exit points.

Technical indicators help in establishing trends, which are critical for both traders and investors. It can provide unique perspective on the strength and direction of the underlying price action within the stock market.

Even those who believe to have found the perfect combination of oscillators and indicators that can consistently anticipate market movements should never ignore fundamental analysis. The technique consisting in trading based of market news, which is often preponderating in short term trades, the right forex strategy is a wise mix that constantly keeps the two in consideration, without ignoring or underestimating their capabilities.