This is one of the very good video on a forex indicator called momentum indicator that I got today and would like to share with you. I almost don’t know how to use this indicator until I watch this video. Momentum indicator is a leading indicator. Momentum measures the rate of change in the closing prices for a currency pair. It is often used to defect weakness and likely reversal points. High momentum readings occur when a trend is at its strongest. Lower readings are found at the start or end of a trend.

This video shows you how to use this indicator in forex trading. It also shows you

• what it means when it statys above the 0 line and below the 0 line
• when to take a momentum forex signal
• how to use it with trend lines
• how to use it with patterns like head and shoulders, double tops etc
• how to use it for divergences in price actions
• when to take profits on strong divergences and trend line breaks
• when to buy and when to sell using this indicator

There are many other things also you can learn about momentum indicator using this video. Check the video.