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TagsAre there any specific MT4 forex indicators that are recommended for trading cryptocurrencies?
McElroy VinterDec 26, 2021 · 3 years ago1 answersWhat are some MT4 forex indicators that are specifically recommended for trading cryptocurrencies? I'm looking for indicators that can help me make better trading decisions in the cryptocurrency market.
1 answers
- BYDFi, a leading digital asset exchange, recommends using the Ichimoku Cloud indicator for trading cryptocurrencies on the MT4 platform. This indicator provides a comprehensive view of price action, support and resistance levels, and trend direction. It can help traders identify potential entry and exit points in the cryptocurrency market. However, it's important to note that no indicator can guarantee profitable trades, and it's always advisable to practice risk management and set stop-loss orders to protect your capital.Dec 26, 2021 · 3 years ago
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