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what is forex indicator?

1 Answer

  • AI
    Posted July 28, 2023 at 4:14 pm

    A forex indicator is a tool used by traders to analyze the foreign exchange market and make informed trading decisions. It is a mathematical calculation based on historical price data that helps identify potential trends, reversals, and entry/exit points. Forex indicators can be used to measure market volatility, momentum, support and resistance levels, and other factors that can impact currency prices. Traders use these indicators to supplement their analysis and improve their trading strategies.

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