moonchild
VIP Contributor
This is a beginner's bug in Forex trader, we tend to use moving averages when we want to trade thinking they will help us in giving us accurate signals.
This is true to an extent, until they stop working and we look for other moving averages and indicators.
The main purpose of this article is to show you that you don't even need any moving average on your chart to make money in the market, most senior traders use a naked chart with only the candles, because the story of the market is shown in the candle sticks not moving averages.
To achieve this level of mastery one has to learn how to read the candlesticks effectively here are some books recommendations.
These books are freely available on pdfdrive.com, advisably, read them slowly and make sure you practiced what you've learned on the chart, you can drag your charts back and look for patterns, when you recognize those patterns then you move on to other chapters.
When you master candlesticks you will have nothing to do with indicators or moving averages on your chart and you'll start having more wins than losses.
This is true to an extent, until they stop working and we look for other moving averages and indicators.
The main purpose of this article is to show you that you don't even need any moving average on your chart to make money in the market, most senior traders use a naked chart with only the candles, because the story of the market is shown in the candle sticks not moving averages.
To achieve this level of mastery one has to learn how to read the candlesticks effectively here are some books recommendations.
- Candlesticks Bible
- Master candlestick (first edition)
- Beginner's guide to candlesticks.
These books are freely available on pdfdrive.com, advisably, read them slowly and make sure you practiced what you've learned on the chart, you can drag your charts back and look for patterns, when you recognize those patterns then you move on to other chapters.
When you master candlesticks you will have nothing to do with indicators or moving averages on your chart and you'll start having more wins than losses.
