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SubscribeMoving Average is one of the best indicators to determine the current market trend and then trade on the basis of same.Also moving averages work well on stand alone basis and it is a trusted indicator.Originally Posted by ali1011
Moving Average is one of the best indicators to determine the current market trend and then trade on the basis of same.Also moving averages work well on stand alone basis and it is a trusted indicator.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Moving average is very good indicator because i also use this indicator and make money throw this indicator my traders friends also used this indicator this result is so good and in favor or trader you can easy gas rate flactuation.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
I am using Moving average indicators for identifying the trend in the given currency pair, but i am new to this identify the support and resistance thing, can you explain a little more about this subject it would be better.
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moving average is a good indicator. but i use it only for long term trend recognition. for support and resistance i use daily pivot points , weekly pivot points and monthly pivot points. plus the major highs and lows of recent swing. and also some known points where price struggles.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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Many traders use moving averages like 20HMA, 40HMA, 100 HMA, 20 DMA, 100 DMA etc. to find out support or resistance levels. And they are really important as these averages has deep impact on sentiments. Do you care to look at moving averages?
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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