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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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    Yes it will better for you to use only one moving averages to trade the market than to use multiple moving average to trade the market because if you use multiple moving averages there is a tendency for you to get confused because you may likely be getting fake signal and if you trade them you will only loss in your trade i have found out that the best moving average to trade with is the default moving average which is Moving average simple period 14 this default moving average if use in combination with candle formation works very fine.

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    Yes using a single moving average can be use in the Forex trading platform to get a good trade signal in combination of the candle formation because combining of various moving average can complicate things for you as a trader i have being around this business for a while and i know what i am talking about moving average is one of the most deceptive indicators if you don't know how to use it.

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    In my trading lessons i was told that every strategy that gives pips is worth trading. one moving average could be better for some people since it gives a clear view of the price and its direction and can be combined with price action method of trading for best result. too many indicator confuss trade set ups and may result in your entering the market late.

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    moving average is one of the most complex and confusing indicators to trade the Forex market with if not careful it can crash your account particularly if you use several moving averages together it can confuse the whole of your analysis and give you fake trading signal and one funny thing about t is the you will not even know when you mind will start dancing to the negative tune of this false analysis of this multiple moving averages, that is why it is advisable to only use one moving averages combined with other indicators.

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