best technical indicator for day trading in forex?
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Almost all technical analysis systems I have read on are not based on careful mathematical or scientific evaluation.  Many experts, such as Warren Buffett and Peter Lynch consider technical analysis do be a worthless method of analysis.  Many technical analysis writers can sound good to newbies, but they usually based on unsound theories.
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MSN.COM has information.  I did a graph of the Euro as an example.  However, most people who play with Forex lose money.  Watch out for the scammers. (See Link 3)
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If you like this kind of market try\nFOREX:\n\nhttp://www.rapid-forex-method.com
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If you have to ask this question, I sincerely advise you not to trade forex online. There is NO way to make 100% profit, and even experienced traders lose money on some trades. There is no single formula or indicator, and if anyone claims there is, why should they give it to you? Please beware of all these scam artists who claim to make huge profits by trading forex. The truth is, over 90% people lose money. Only the professionals can make money in this kind of risky trading.
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http://www.currencytradegroup.com
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No (maybe).  I've been running backtests for 5 years (in my spare time) and I haven't found any technical indicators that beat the spread.  If someone else knows the answer I'm eager to test it.  I read a book on trading once and a trader made a comment regarding different technical indicators that I still remember: \n\n"How many different ways do you want me to tell you that a stock is overbought or oversold?"
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www.morningstar.com might have some stuff. \nother then that... im a stock retard and i got a D in Econ. when i gratuated haha
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The proper platform for Day Trading is RealTick at TerraNova. It will cost you $275/mo. No other online broker comes close, so save yourself a lot of effort. You have to have immediate executions, the most tecnologically advanced system in the world (an edge), and a vast array of indicators. This is RealTick.\n\nWhether you make money is up to you.
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http://www.etrade.com\nhttp://www.ameritrade.com\nhttp://www.schwab.com\n\nand a bevy of others
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You can day trade the ticker GLD, which is a gold-based EFT.  There's one other, Ishares Comex Gold or something like that, but I dont' know the ticker.\n\nGood luck, I hope you don't lose your money.  Commodities are notoriously unpredictable.
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I am running a blog where you can get the analysis of the trades I am making -\n\nhttp://the-forex-trading.blogspot.com
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Use this...\n\nhttp://www.oanda.com/convert/fxhistory
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Intraday is a bit tougher to find without having to pay for it, especially for long periods of time.  \n\nTradestation claims to have 10-20 yrs of intraday info, so you might start there.  \n\neSignal also has excellent data.\n\nThat said, many strategies that can be tested out on opening/closing prices or on intraday data can also be tested on daily data as well.  \n\nSo if you're looking for historical daily data, it's simple!\n\nGo to Yahoo finance (http://finance.yahoo.com) \n\nType in your symbol of the stock you’re looking for\n\nThen on the left, click on historical quotes.  \n\nNow, you can then type in the date range you want and choose daily/weekly/etc and download the data to excel or wherever.\n\n\nOr if you prefer, you can go to this link instead.  Just replace GOOG with the stock symbol that you’re looking for. \n\nhttp://finance.yahoo.com/q/hp?s=GOOG\n\n\nHave fun!\n\n\n*The adjusted price is the stock price adjusted for splits.  So if a stock was at 100, and split 2 for 1 to 50, the adjusted price would show you the price as if the stock had always been at 50 so you can determine the real change in value of that stock over time.
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Here's a few names to check out in Amazon:\n Achelis, Steven B.  Technical Analysis from A to Z.  Chicago, IL:  Probus Publishing Company, 1995.\nWritten by the president and founder of Equis International.  This book contains an introduction to technical analysis, plus a complete reference to over 100 indicators and studies.\nAppel, Gerald and Hitschler, Fred.  Stock Market Trading Systems.  Homewood, IL:  Dow Jones-Irwin, 1980.\nTakes a thorough look at moving average trading systems, timing market cycles, the 12-day Rate-Of-Change, etc.\nAppel, Gerald.  The Moving Average Convergence-Divergence Method.  Great Neck, NY:  Signalert, 1979.\nThe MACD from its creator.\nArms, Richard W., Jr.  Volume Cycles in the Stock Market.  Salt Lake City, UT:  Equis International, Inc., 1994.\nThoroughly explains the Equivolume charting method, volume cycles, and the ease of movement indicator.\nBookstaber, Richard.  The Complete Investment Book.  Glenview, Illinois:  Scott, Foresman and Company, 1985.\nExplains the Black/Scholes option calculations used in MetaStock.\nChande, Tushar S and Stanley Kroll.  The New Technical Trader. New York:  Wiley, 1994.\nA book describing a new statistically- based breed of price-based, and risk control indicators.\nCohen, A.W.  How To Use The Three-Point Reversal Method of Point & Figure Stock Market Trading.  Larchmont, NU:  Chartcraft, 1984.\nA detailed book on point & figure chart interpretation.\nDobson, Edward D.  Understanding Fibonacci Numbers.  Greenville, SC:  Traders Press, 1984.\nA brief overview of Fibonacci numbers.  Contains an extensive bibliography.\nEdwards, Robert D. and Magee, John.  Technical Analysis of Stock Trends.  Sixth  Edition.  Boston, MA:  John Magee, Inc., 1992. (Distributed by New York Institute of Finance.)\nExplains trendlines and chart patterns.\nEng, William F.  The Technical Analysis of Stocks, Options, & Futures.  Chicago, IL:  Probus Publishing,1988.\nGranville, Joseph E.  New Strategy of Daily Stock Market Timing for Maximum Profit.  Englewood Cliffs, NJ:  Prentice-Hall, 1976.\nA book from the inventor of On Balance Volume.  Mr. Granville has earned a bearish reputation, but his technical tools remain valid.\nKaufman, Perry J.  Commodity Trading Systems and Methods.  New York:  Wiley, 1978.\nA serious book for the serious technician.  While not required, a strong background in mathematics is helpful when reading this book.\nLebeau, Charles, and David Lucas.  Technical Trader's Guide to Computer Analysis of the Futures Market.  Homewood, IL:  Business One Irwin, 1991.\nAn excellent book that shows the historical performance of popular technical indicators and oscillators.  \nLeibovit, Mark A.  Using the Volume Reversal Survey in Market Analysis (520-282-1275).\nThis pamphlet provides information on some of the pattern finding functions in the MetaStock formula language (i.e.,  Inside, Outside, Rally, and Reaction).\nMerrill, Arthur A.  Filtered Waves-Basic Theory.  Chappaqua, NY:  The Analysis Press, 1977.\nThis is an entire book about the Zig Zag indicator.  It is available from:\nTechnical Trends\nJohn R. McGinley, Jr.\nP.O. Box 792\nWilton, CT  06897\nMurphy, John J.  Technical Analysis of the Futures Markets.  New York, NY:  New York Institute of Finance, 1986.\nOne of the best single sources of information on technical analysis.  You don't have to trade commodities for this book to be valuable.\nNatenberg, Sheldon.  Option Volatility and Pricing Strategies.  Chicago, IL:  Probus Publishing Company, 1988.\nExplains the Black/Scholes option calculations used in MetaStock.\nNison, Steven.  Japanese Candlestick Charting Techniques.  New York, NY:  New York Institute of Finance, 1991.\nExplains how to use and interpret Candlestick charts.\nNison, Steven.  Beyond Candlesticks.  New York, NY:  Wiley, 1994.\nExplains how to use and interpret Kagi, Renko, and Three Line Break charts.\nRaff, Gilbert.  Trading the Regression Channel.  Salt Lake City, UT.  Equis
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Yahoo Finance http://finance.yahoo.com/\nReuters Sotck Market News http://today.reuters.com/investing/defaultUS.aspx\nMarketWatch http://bigcharts.marketwatch.com/\n\nThe best will be the reports available to users of investment houses such as Fidelity Investments, etc.
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Play with the chart settings ojn the internet at "CBS MARKETWATCH" AND LOOK UP ALL THOSE technical terms for the indicators at their technical indicator e-magazine or at\n\nhttp://www.stockcharts.com/education/IndicatorAnalysis/ \n\nA charting service (including CBS Marketwatch) allows you to customize your technical indicators, which is the sam eas "setting parameters" for those indicators.
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Encyclopedia of Chart Patterns\nby Thomas Bulkowski\n\nMost books identify the patterns but don't give you any hard and tried facts on how to trade them, but this one does. It probably contains the most "research" on patterns of any other book you'll find. \n\nBut the problem you're going to run into is that by the time most patterns are recognizable, the trade is almost gone. Trade the rules first, patterns second.\n\nJake Bernstein's earlier books are almost a Bible of Technical Analysis. Almost any book by Jake is good.\n\nNo actually, the Bible of Technical Analysis is:\nTech. Anal. Of Stock Trends, by Edwards & McGee\n\nTake a look at a different kind of grouping of patterns:\nMarket Analysis for the New Millennium, by Robert Prechter. Not only is Prechter a good trader with lots of experience, he's also a profound writer.