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SMART TRADING - ADVISE No.5 - A MOVING AVERAGE IS ALL YOU NEED

FX:EURUSD   Euro / U.S. Dollar
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TRADING SMART - ADVISE No. 5

WHY A MOVING AVERAGE IS THE ONLY INDICATOR YOU NEED.

MANY NEW TRADERS HAVE NO CLUE IF THEY SHOULD BUY OR SELL WHEN LOOKING AT A PAIR.

SOME ADD A TON OF COLORFUL AND COOL LOOKING INDICATORS
THAT GIVES MORE EXCUSES NOT TO TAKE THE TRADE THAN BEING OF ANY GOOD USE.


HERE IS WHAT TO DO. JUST ADD A MOVING AVERAGE. AS PRICE BREAKS AND STAYS OVER OR UNDER THE MA YOU HAVE A TRADE.

YOU DO NOT NEED TO ADD ANOTHER MA TO GET A CONFIRMATION THAT PRICE HAS BROKEN THE MA AS SOME PEOPLE DO (FOR OBVIOUS REASONS THATS JUST BEING STUPID)

YOU PLACE YOUR STOP OVER OR UNDER THE MA DEPENDING ON THE DIRECTION.

YOU PLACE A TIGHT STOP HERE IN CASE THE PRICE REVERSE SINCE YOU ONLY WANT TO BE IN
THE TRADE IF IT STAYS WITH ITS DIRECTION.

YOU THEN TRAIL YOUR STOP AND LOCK IN PROFITS AS THE PRICE TRAVELS AWAY FROM THE MA.

EVENTUALLY YOU WILL BE STOPPED OUT BUT WITH A NICE PROFIT IN YOUR ACCOUNT

NOT VERY HARD - IS IT )
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