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Forex Moving Average Strategy: Winning Trades With The Forex Moving Average Crossover!
Moving averages are considered to be lagging indicators in that they show us what has already happened, and while they cannot predict the future (no indicator can), we can definitely use them to better time our entries and exits.
For example, in established trends we can use a forex moving average crossover as entry signals to take positions in line with the trend.
Here are a couple key points and observations about the forex moving average crossover strategy that you may find useful in your trading:
1) When you have a steep angle and separation between multiple moving averages it is a sign of strength and should encourage confidence to enter trades, provided other analysis confirms this.
2) Braiding of moving averages is a sign of stagnation, consolidation and indecision and should caution traders that price is range-bound and that profit potential may be limited and therefore not worth the risk of trading.
Ultimately, we get a higher probability of success as forex traders when we align both market direction with price action. Forex trading moving averages help us to do this more accurately.
I hope you find this forex tutorial on moving averages helpful.
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