 I have discovered an app that can help you to assess lots of technical analysis indicators for free. The best part is, whether you are into stocks, commodities or indices, this app got 230 options for you. This app is none other than OptaFX, a global poker that offers a wide range of trading options. Today, I am here to spill the beans of these three incredibly powerful technical analysis indicators that have been my secret weapons for optimizing my trades. And how you can use OptaFX to assess these indicators easily. By the time we are done, you will be much more equipped with the knowledge to trade confidently and smartly. Oh, don't miss out on the third indicator. It's a game changer even if you are completely new to the trading scene, because it's so simple yet effective. So make sure you watch this video till the end. Hi everyone, this is Chloe and welcome back to my channel. Have you ever wondered how experienced traders seem to have the sick sense about market trend and price movement? It's like they are having a crystal ball for knowing when to buy low and when to sell high, ensuring they back the profit while minimizing losses. Guess what? It's not magic and luck has nothing to do with it. It's actually about technical analysis. Before we dive into these indicators, let's tackle an important question. Is learning technical analysis really worth it? Well, if you are in it for the long haul, like our investing guru, Warren Buffett, who looks a decade ahead, you might not need it. However, if you are more into short-term trading, buckle up as technical analysis is key to trading success. You see, trading isn't about blindly buying and selling assets, it's about understanding the underlying factors that affect the price movement. And that's where technical analysis comes in. By analyzing historical price movement, chart patterns and various indicators, you gain a deeper understanding of how the market moves and potential turning points. It's like starting the path to project into the future. Imagine being able to spot potential breakout, trends, reversals even before they happen. But it's not just about prediction. Technical analysis empowers you to manage your risk effectively. You will be able to set stop-loss and take profit level based on solid analysis rather than guessing blindly. This level of planning can make a wall of difference in preserving your capital and maximizing your profits. The best part, technical analysis isn't limited to a specific market. Whether you are into stocks, cryptocurrencies, forex or other asset classes, the principles still apply. It's like a universal language spoken by traders worldwide to decode the market's behavior. And if you are into trading different asset classes under one single platform, you should consider opening an account with OctaFX. So before I share with you these top 3 powerful indicators and how you can use OctaFX to analyze them, let me share with you a little bit about OctaFX, a global broker that offers a wide range of trading options. Whether you are into stocks, commodities or indices, they've got 230 choices for you. OctaFX trading app can help you to get super low spreads and there are no sneaky commissions or swaps into your profits. But wait, there's more. If you're new to all these trading stuff, they've got a lot of educational materials in different languages from live trading sessions, market analysis and useful trading tips. Plus, they've got a demo account that you can test out with virtual money. Perfect for practicing without risking your hard-earned cash. They have solid customer service too. Need help at 3am? No problem. Their support team is there 24-7 to answer all your questions. And handling your money is a breeze at OctaFX. Deposit takes just a minute and withdrawal rolls are under 49 minutes, even faster than your food delivery. So if you're ready to kickstart your trading journey safely, keep the link in the description or scan this QR code to download OctaFX trading app. My promo code, Aligato, allows you to double your deposit for trading. Now let's get back to the video and let's start with the first indicator, MACD, Moving Average Convergence Divergence. Think of MACD as a market detective. It's like having a special tool to help you spot potential trend changes before they are even obvious. There are various ways to use it, but I like to keep it simple by focusing on the color pattern of the histogram. Imagine MACD histogram as a traffic light that has 4 color patterns. Green, light green, red and light red. When it's green, the trend is bullish. Any car can drive through during that time but when it turns red, that means the market is flourished where all the traffic needs to be stopped. But here's the trick. It's not just about identifying bullish or bearish trend. It's about spotting the change in trend direction. Have you ever encountered a situation that you thought that the bullish trend is intact and the prices would just keep on going up? But the moment you enter your trade, the prices start to fall. Or vice versa, have you ever experienced that the moment you decide to cut loss and exit your trade, only to realize that the market has bottom and the price start to go up? All these can amount to painful losses and that's why by using MACD, it can provide you with better insights in terms of the trend reversal. That's why when looking at MACD histogram, instead of focusing on the green or the red, we should focus on the light green and light red portion because they signal a change of trend. How to add MACD into your OctaFX trading app? All you need to do is to click indicator and select MACD. Immediately, you can see that the MACD chart is being added inside your OctaFX app and from this chart, you can see that from red, the histogram is turning into light red and at the same time, the histogram is sloping up. It indicates that the bearish sentiment is about to change. And indeed, right after that, the stock price started to pick up and in this another chart, you can see that at first, the stock price was very bullish and the green bars in the MACD histogram was very tall and very full. But the moment light green bars appear and started to trend downwards, the stock price started to fall. So one easy way to remember how to use MACD is think of the bull and the bear in terms of size. When the bars are all green, the mommy bull is super strong and big and that's when we need to be careful and watch out for potential trend changes. And when the bars become light green, it shows that the mommy bull has retreated and now only left with baby bull. So the baby bull trend in comparison is a lot weaker and this could be a good time to sell and take profits. And it's definitely not the right time to enter bullish trade. On the other hand, when the bars are super red, it shows that mommy bear is super strong and most traders are getting super scared with lots of panic selling. That's when we need to be greedy and prepare for potential bullish reversal. And the moment mommy bear retreats and the light red baby bear comes in, it shows that the market is now less bearish and has momentum to trend upwards. And as you can see right after, the stock price started to go up. Now remember, while MACD can be a very powerful tool, it's one piece of the puzzle that traders use to make more informed decisions. That's why to sharpen our weapon, we need to go into the second indicator. RSI, Relative Strength Index. Your gauge for when a stock is oversold or overbought. It's a number ranging from 0 to 100. When RSI is high, that means close to 100, it suggests that the stock is overbought and ready for a pullback. Picture it like the latest nickel trend. When everyone rush to buy, the prices guy rock it. But eventually when people wise up and demand start to drop, the prices will start to fall. Basic supply and demand isn't it? And this is where a high RSI comes into play, indicating a potential slowdown in buying enthusiasm. So how to add RSI into our OctaFX app? All you have to do is click on indicator and search for RSI. After clicking that, this chart will be added into your app. As you can see from this chart, RSI is now being overbought and right after, the stock prices start to fall. Conversely, when RSI is low, which means close to zero, it's the opposite scenario. Just like sneakers going on sale and nobody's there to buy, eventually the prices fall to the level becomes no-brainer for anyone to buy. And that's when buying started to happen and the snaker price eventually go up. So in this scenario, an oversold RSI hints a possible bounce or recovery, signaling that selling might temper off soon. When prices keep falling and RSI reach an oversold region, prices eventually started to go back up. Now if you think RSI and MACD are super helpful, wait until you see the third indicator. And it's so easy to use that even beginners have no problem spotting the pattern. So here comes the final indicator, Boilinger Band. Imagine that yo-yo that bounce back when it drops too low. Boilinger Band operates similarly that way. The upper band acts as a ceiling. When the prices approach it, they might struggle to go higher and the lower band acts like a floor. When prices approach it, they tend to bounce back. So how to add Boilinger Band into your Octavex? All you need to do is once again click indicator and search for Boilinger Band. As you can see from the chart, when the stock price touches the floor, which is at the lower end of the band, the prices usually trend up. And vice versa, when the prices reach the higher end of the band, the stock price starts to come down. So by using this simple indicator, you can learn how to enter and exit your trades better. And the best part about technical analysis is, you can combine all of them together to make your trades even more effective. When I add all of them into one single app, things become even more holistic. From this chart, the MACD, RSI as well as the Boilinger Band are all telling me that the stock price has almost reached its full bull momentum. And I expected the prices to fall. That's why I won't be entering any bullish trade right now as the risk is a lot higher. Instead, it could be a good time to take some profit off the table. In a nutshell, MACD can help you to see whether a trend might be changing direction. RSI helps to see whether things might be getting too extreme with buying and selling. And the Boilinger Band helps you to focus the stock price movement range ahead. However, it's important to note that all these indicators aren't foolproof. No single indicator can guarantee you 100% accuracy, so the key lies in using them wisely and honing your skillset. On top of these three indicators, there are many other useful technical analysis indicators out there, including Ichimoku Cloud, Moving Averageers, Stoicastic and more. All of them can be found inside OctaFX Trading App and will come in really handy if you know how to combine all of them effectively. So if you want to get started your training journey the smart way and get access to all these free tools and resources provided by OctaFX, all you need to do is to open a free account with them via the link below. If you like today's video, remember to give it a thumbs up and share it with your friends. Do join my Telegram channel so that to get more investment updates as well. Until next time, happy trading, and I will see you in the next video. Aligato!