Technical Analysis Part 1

Technical analysis is based on indicator/s ( indicators are trading tools, it's inside is coded mql4 language or lite c  ) which is built in meta trader4 and also you can use more developed indicators, these are called custom indicators. For technical analysis I hereby notice  you there are only 2 types of indicator in the Forex market. They are

1. Leading indicators / Oscillators : Tell you market movement before trend occurs. Ow..w you think that's very nice. I just use it and make pips easy and be rich very quickly. You are wrong. Many times it doesn't work or mislead you  because the market may be  change very quickly. And these types of tools just help to guess or analysis better for profitable trading.

2. Lagging indicators / momentum: Tell you signal after a price changing movement and new trending is going to happen so that you can be prepare yourself for  some catch pips....

And costumes indicators are either leading or lagging indicators.

Which type of indicator best? A million dollar question? Um....m it is depending on trending and vary from trader to trader. Remember indicators are just helping tools for trading. So you won't relay with it but learn market deeply.