Moving Average is one of the simplest indicators in technical analysis yet it is highly effective and used often by pro traders in their trading systems. Always keep this in mind…simple systems are the best in trading. Don’t confuse your trading with overcomplicated indicators. Keep your trading simple! The moral of this story is that sometimes the simple indicators do the best jobs when using technical analysis.
If you believe in simple trading sytems and that less is more and that you can achieve more by sticking to proven methods –then this Forex trading technique is JUST FOR YOU!! Designed as one of the first techniques a new Forex trader should be trading due to its simplicity, this technique has been so refined, and the exposure to whipsaw trades have been so filtered, that even the most experienced traders will love it. Although simple and easy to use it incorporates:
• trending indicators,
• momentum principle,
• candlestick formations,
• price patterns,
• basic support and resistance concepts,
• optimum time of day trading approaches.
The Magical Moving Average Technique
The Magical Moving Average eBook is about simple price and candlestick formations and simple indicators providing very high probability trades. If you are highly experienced you are not going to see anything you have not seen before. It is however the combination of simple indicators and formations that create very powerful trade setups that if used appropriately can give high success trades with exceptional returns of risk.
The principles of this technique are universal so they can be applied to any currency and any time frame – from the 1 minute charts to the monthly charts. You don’t need any special charting software or broker accounts. What make the Moving Average magical are the settings that are used in this Magical Moving Average Technique.
All moving averages are basically lagging indicators, but by clever methods, developers of this Magical Moving Average Technique have identified settings that make the moving average a leading indicator and also showing support and resistance much more clearly than conventional moving averages.
The success of this Magical Moving Average System is dependent on the Forex trader using it. Just like the Fibonacci techniques and the Pivot point techniques some traders make fortunes trading them (well) whereas other traders lose money using exactly the same techniques (badly).
Who is the Magical Moving Average technique for?
1. The total beginner: This technique is easy to understand and has very clear rules for entering a transaction, staying in the transaction and exiting the transaction. All the elements a Forex trading system should have. In addition, there are +27 beginner and intermediate video course links in which you can learn about the forex market, the currencies, brokers and charting.
2. The (confused) Forex trader who has become so confused by hundreds of complicated techniques and approaches and wants to return to a basic, simple, conventional approach to trading that is clear and unambiguous.
3. The experience trader who knows what works and what does not and needs to be reminded of how simple and ordinary trading approaches can still make money in the challenging market.