Trade Forex Trading

Forex Indicators That Are Used for Taking Profit

FX 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 identify where to place and set take profit levels and exit open trades - Forex Trading Exit Indicators. These FX Trading Exit Indicators will be used to calculate where to place and set 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 MT4.

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

How to Analyze/Interpret 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 MetaTrader 4 platform software, traders need to learn about overbought & oversold levels.

These overbought and over-sold levels are used as profit booking levels and this overbought and oversold forex market analysis will be used to analyze when to close-out open trades.

Over-bought Level - overbought levels on forex indicators is when price is above the 80 mark for indicators like RSI & Stochastic Oscillator. A trader will close out open buy trade transactions once the indicator is in the over-bought region. The trader won't 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.

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

Take Profit Indicators - Trading Indicators Explained

Bollinger Bands Indicator - a trader will use the upper Bollinger bands & lower Bollinger bands to figure out the levels where they can set their take-profit levels for their open trades.

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

FX Fib Expansion - Fib extension trading indicator is used to calculate where to set booking 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 tutorial can be found in the learn forex indicators section.

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