Trade Forex Trading

Forex Indicators That Are Used for Taking Profit

Forex Buy Sell Technical Indicators & Forex Trading Exit Trading Indicators

Once forex traders have learned how to trade the market using forex analysis indicators that produce bullish forex signals or bearish forex signals based on a combination of trend following indicators & trend confirmation indicators then forex traders need to know more about the indicators that can be used to determine where to place take profit levels and exit open trades - Forex Trading Exit Indicators. These Forex Trading Exit Indicators will be used to calculate where to place a take profit level for a trade - after a trade has been opened. These indicators can also be used by EA traders to Program Auto Stop Loss and Take Profit EA MT4 - Auto Stop Loss and Take Profit Expert Advisor MetaTrader 4.

There are many types of indicators that can be used as Forex Trading Exit Indicators to determine where to take profit. A trader needs to know these indicators so as to know when to take profit & close an open trade position.

How to Analyze The Market To Know Where to Take Profit - Forex Trading Exit Technical Indicators

Before learning about the various take profit indicators available in the market and on the MT4 software, traders need to know about overbought & oversold levels.

These overbought and oversold levels are used as profit taking levels and this overbought and oversold forex market analysis will be used to analyze when to close open trade positions.

Overbought Level - overbought levels on forex indicators is when price is above the 80 mark for indicators such as RSI indicator & Stochastic Oscillator. A trader will close open buy trades once the trading indicator is in the over-bought region. The trader will not close the open forex trade immediately after the indicator is overbought but when the indicator leaves this overbought level and moves back below the 80 mark.

Oversold Level - Oversold levels in forex trading is when price is below the 20 mark for indicators such as RSI indicator & Stochastic Oscillator. A currency trader will close open sell trade transactions once the indicator is in the oversold region. The trader will not close the open forex trade immediately after the indicator is oversold but when the indicator leaves this over-sold level and moves back above the 20 mark.

Take Profit Indicators - Trading Indicators Explained

Bollinger Band Indicator - a trader will use the upper Bollinger bands & lower Bollinger bands to determine the levels where they can set their takeprofit levels for their open trade positions.

Parabolic SAR - Parabolic SAR indicator is a price trend following indicator that draws dots below the price in an upwards trend and draws dots above the price in a downward trend. These dots trail the price - in an upward forex trend these dots trail the upward trend below the trend & can be used to set where to close a buy trade - Forex Trading Exit Indicators. In a downward forex trend these dots trail above the price and can be used to know when to close open sell trades.

FX Fibonacci Expansion - Fib extension trading indicator is used to calculate where to set taking profit levels, traders can use this Fibonacci expansion trading indicator to set their take profit areas.

Forex traders can learn more about the Fibonacci expansion indicator from the learn forex lessons section, while the Bollinger bands indicator is explained on the learn forex indicators & learn forex strategies section, Parabolic SAR indicator tutorial can be found on the learn forex indicators section.

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