The Best Trading Times for Forex: What You Need to Know Before You Start

Trading forex can be a lucrative, yet complex activity. By understanding the best trading times for forex, traders can increase...
Read More
The Best Trading Times for Forex: What You Need to Know Before You Start

Is Forex Scam? The Truth About Forex Brokers

Introduction: What is Forex Trading? Forex trading is a way to make money by trading currencies. In other words, it...
Read More
Is Forex Scam? The Truth About Forex Brokers

How to Use MACD Strategy to Trade Forex and Protect Your Portfolio

The MACD is a popular trend-following indicator. It’s not the most advanced or complex analysis tool, but it can be...
Read More
How to Use MACD Strategy to Trade Forex and Protect Your Portfolio

The Ultimate Beginner’s Guide to Binary Options Trading

Introduction: What is Binary Options Trading? Binary options trading is a form of options trading that allows traders to make...
Read More
The Ultimate Beginner’s Guide to Binary Options Trading

The Best IQ Option Robot for Trading on Your Behalf & How to Choose the Right One

Introduction: The Basics of IQ Option Robot Cross Signal IQ Option Robot Cross is a trading robot that can be...
Read More
The Best IQ Option Robot for Trading on Your Behalf & How to Choose the Right One

Is Pocket Option a Scam or Legit? Honest Review

Introduction: Pocket Option is a binary trading or investment company that has been in the industry for a number of...
Read More
Is Pocket Option a Scam or Legit? Honest Review

Why Do Poker Players Make Good Online Traders?

Introduction: Poker is an age-old card game that’s been played worldwide for many years.It’s synonymous with the Wild West and...
Read More
Why Do Poker Players Make Good Online Traders?

The Fast Payment Gateway “Payrim” and Why You Must Use It

Introduction: What is Payrim? Payrim is a blockchain-based decentralized payment system that allows users to make instant payments without any...
Read More
The Fast Payment Gateway “Payrim” and Why You Must Use It

The Complete Guide to Choosing the Best Binary Options Brokers

Introduction: The basics of binary options trading Binary options trading is a form of trading that enables traders to make...
Read More
The Complete Guide to Choosing the Best Binary Options Brokers

The Complete Guide to IQ Option Binary and How to Become a Successful Day Trader

Introduction: What is IQ Option? IQ Option is a binary options broker that has been on the market for more...
Read More
The Complete Guide to IQ Option Binary and How to Become a Successful Day Trader
Forex Trading Strategy | Simple Profitable Trading Strategy

There's got to be upwards of at least 572 000 forex trading strategies & indicators but I'm gonna put this out there and say that the moving average is one of the most important.

What is the Best Forex Trading Strategy?

This is the moving average forex trading strategy a show where we talk about everything day trading So that you can be profitable and have a winning strategy okay so to quickly.

Discuss what the moving average is when you're looking at price action on a Chart the prices go up the prices go down but the moving average takes an average of those prices over a determined period of time. that you set manually, and shows you a nice smooth line of what the average price in that range is going to be.

Forex Trading Strategy
Forex Trading Strategy

Learn about Forex Trading Strategy

now why do I say is going to be so quickly jumping into this chart on trading view this is a chart of Bit coin, USDT on a one-hour time frame you can see the price goes up the price goes down it fluctuates up and down constantly there are large bodies and very long wicks all the time but why do these things happen you see the price rally up like crazy and it's got a lot of momentum behind it but then suddenly it reverts back down i like to think of the moving average as a runner so when a runner goes out for a jog they're not going to be in a full sprint the entire time they're going to pace themselves they're going to move faster.

They’re going to move slower or if they're running a marathon they're going to keep a nice average pace throughout the entire marathon that's how you have to think about a moving average.



Where to get Forex Trading Strategy?

So let me quickly show you how to get the moving average up on your screen so

on the top window of trading view you have this little indicators button click that button and type in moving average and select smooth moving average the smooth moving average will actually pop up right here on the top left hand side of your screen just click the settings button and you can adjust the input of the moving average to whatever time frame you want you can adjust the settings like the indicator time frame i like to keep it as same as chart because then it's giving a moving average on that exact time frame that I'm looking at the most common moving average numbers are 10 21 50 100 and 200. so I'm going to change the color of this to white and make it a little bit fatter so you guys can see what's going on here i primarily like to use the moving average as a trend line because if the price is constantly dancing below the moving average that means we're in a short downtrend or if the price is above the moving average.

we are in an uptrend this will give you the direction of the trade that you want to go in a very simple rule of thumb is if the price is below the moving average comes up to touch the moving average and then continue in the same direction that is a good entry point and a continuation of that trend.

What is Moving Average Formula Secrets?

 so as you guys can see here the price crossed through this 10 simple moving average formula came up to test it rejected and continued down it did that here as well as here now what's the number one rule in day trading the trend is your friend.

 So once it tested the moving average and then continued down that would be a nice signal for an entry point this works on crypto this works on Forex this works on indices this works on stocks as you can see right here when the price gets way too far from the average meaning the price is too far from what a reasonable price at that time is it rockets right back to the moving average but the momentum is still in that direction so it will continue its trend so what I've done here is actually added three more moving averages the 21 the 50 and the 100. this will give you an even more clear indication of which direction the price is heading when the price starts rocketing up you can actually see the moving averages spread out like a fan like they do here this means that there's a lot of momentum in that direction and buying in that direction or selling in that direction is a good idea it will also show you when the trend is starting to die down by breaking through each subsequent moving average to the downside and then comfortably resting below the moving averages.

thus signifying a short-term downtrend so you guys are seeing this and you want to trade the moving averages you want to make a lot of money on all the moves continuing with the trend or seeing where the reversals are but how do you know for certain how do you know for certain with moving averages that this is going to be your best course of action honestly it's time.

Simple Profitable Forex Trading Strategy

it's a lot of getting familiar with the pair that you're trading another thing that i suggest is actually using multiple indicators stacked on top of each other that use algorithmic learning to show you entry and exit points one of my favorites that I’ve found is called pip hunter it actually shows you a nice cloud of where the moving averages are as well as signals to buy and sell let me show you what that looks like really quick okay so this is the exact same place where we left off it shows you this big green cloud showing a massive uptrend and then when the trend reverses it shows you a red cloud now if you're wondering when to get in during these trends if you don't know if it's going to continue down or continue up at that specific time the pip hunter indicator actually gives you little stars so obviously you can see that we are in a big green uptrend right here correct as the price goes down and we start forming some red candles and then it picks back up we get a blue star indicator saying that the trend is going to continue in that direction.

so this would be your entry point and then you get out whenever your take profit is the same on the downside once the price moved down through the moving averages and we start seeing the big red cloud form you'll get white stars signifying a downtrend sell signal.

Conclusion

So you'd get in on this white star and then get out when your take profit is hit so if you guys want more information on this pip hunter so please check out our website below to get best Forex trading strategies, robot, tools etc.

GENERAL RISK WARNING

NOTE: This article is not an investment advice for anyone because online trading could be high risk for all who have lack of knowledge & experience. 86% traders lose money in financial markets. we are not your financial advisors who guarantee of your profit at all.

Trending Posts
Contrary to popular belief, Lorem Ipsum is not simply random text. but the majority have suffered alteration

Comments are closed!