Yesterday friend of mine sent me link to the software he's thinking to buy. to keep long story short - http://www.imperialmarkets.com/ i've read the staff they are writting about and got more or less interested about it. they claim that program is based on forex indicator analysis and that software predicts what to expect from currency market. what i wanted to ask is - is that real? i am pretty new to forex and as everyone trying to find sollution how to go in profit. is it possible for forex mathematically count things and make some kind prediction that i must deal or not? sounds very good from first sight
btw i've ordered this one. and trying to follow it's prediction on my demo account. for now seems to be true predictions.
Try this... Install a simple moving average of 12 Install a simple moving average of 20 Install an exponential moving average of 50 Now, look at your chart. Notice when the moving average of 50 is under the other moving averages the price is generally going up. The opposite is true. When the moving average of 50 is above the other moving averages the price is going down. Just from that example you can see how powerful indicators can be...even the standard free ones in MT4 software.