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Thread: Can a single moving average be used for earning good in forex?

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    Can a single moving average be used for earning good in forex?

    Use of a single moving average is good or we need to ad some other indicators for better results? too many indicators creates confusion, what do you say traders?

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    a single 100 ema can be good for trading. you can also take help from macd indicator. its a default indicator. I use it by changing its value. Just multiply with 2 and input it. place on chart and see the magic. actually its a sentimental game. if you are strong in mind then u can win.

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    Forex traders often use a short-term MA crossover of a long-term MA as the basis for a trading strategy. Play with different MA lengths or time frames to see which works best for you.

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    Moving averages are strong instrument in the hands of traders in the Forex market, some of them are of low values and some of high values, traders make use of them by inserting them and practice well with them using the demo account and later use the in the real account, for example , I love using the MA200 because in practice I notice that there is no way the price would touch it and not reversed.

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    Quote Originally Posted by hope69 View Post
    Moving averages are strong instrument in the hands of traders in the Forex market, some of them are of low values and some of high values, traders make use of them by inserting them and practice well with them using the demo account and later use the in the real account, for example , I love using the MA200 because in practice I notice that there is no way the price would touch it and not reversed.
    Moving average is very good to make logn term trade, we should need to use moving average 200 and then set at least 300 Pips for our trade, but always use small lot size because i always good and you can manage your money well.

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    Quote Originally Posted by facetoface View Post
    Moving average is very good to make logn term trade, we should need to use moving average 200 and then set at least 300 Pips for our trade, but always use small lot size because i always good and you can manage your money well.
    Yes i also prefer to use a single moving average to make some good money in this market. but moving average should be 200 as you write in your post. we can easily gain 300 pips on Eur/jpy, GBP/JPY

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