200 EMA Forex Strategy - Easy for beginners

If you are a relatively new trader looking for a solid forex strategy?

A new challenge for many operators in developing their forex strategy is the ability, the general trend of intra-day trading to be identified.

FOREX Indicator

The 200 EMA (Exponential Moving Average) can solve the problem.

The 200 EMA is one of the most popular of all time with Forex traders around the world, and for that reason alone it stands out for its psychological effect on increases in market prices mayhave, if the mouse around the 200 EMA.

With the strategy 200EMA

To use this very powerful Forex strategy, create charts in 3 steps:

4 hours 1 hour 15 minutes

Now plot of 200 EMA indicator on each chart and as a suggestion, the color is red, for easy visual effect.

Preferably tile the 3 windows with 3 cards in a vertical manner so you can see the 3 time intervals next to each other. It will squeeze up the information in the charts a bit ', butFor the purposes of this strategy, which plays no role.

Now scroll through the various currency pairs you like to trade.

If only couples with a lower pip spread trading preferred amount to about 9

They are:

EUR / USD GBP / USD USD / CHF USD / JPY EUR / JPY USD / CAD AUD / USD NZD / USD EUR / CHF

What you are looking for is a pair of currencies that the $ 200 EMA on the chart 15 minutes.

For example, the EUR / USD and research notesPosition of the relative price of 200 EMA on the 3 days.

If the price is well above the 200 EMA on the 4 hour chart, which is significantly above the 200 EMA on the 1-hour chart but below the 200 EMA on the chart 15 minutes, the price is in contrast with .

The general trend is, the price has temporarily gone against the trend and is currently in a retracement.

With the fundamental principle of trade "buying dips in an uptrend," "Sell the rallies in a downtrend," look for a matching entryPoint.

In the example above would be given the opportunity, the EUR / USD looking to buy, perhaps only for a candle that the price has run out of momentum downwards, as opposed to 15 minutes Paper 200 EMA and will soon again , is bullish.

This is a simple exercise and can be one or two times a day, with only a few minutes.

Look for the price against the tendency

Once you see the price against the 200 EMA on the chart 15 minutes, while on the opposite sidePage from 4 hours and 1 hour charts, sit up and take note. Look carefully and take the opportunity to enter and some seeds.

After a little 'practice you will see how powerful this simple Forex strategy is - certainly deserves a place in your trading tool kit.

200 EMA Forex Strategy - Easy for beginners

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Posted in: Beginners,Strategy