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Forex Discussions
Forex Education
Basic Trading Strategies For Novice Traders
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[QUOTE="jog, post: 71760, member: 31646"] KoolPay continue its ‘teaching’ set of basic forex strategies. If you are a novice trader we highly recommend you to take a couple of minutes and look over the guidelines mentioned below. Both MACD (Moving Average Convergence Divergence) and OsMa (Moving Average Oscillator) are great tools which can give an accurate signal when a currency is oversold or overbought. In fact, the MACD indicator’s being used as primary indicator of trend and relationship between data (price, volumes), OsMA is an auxiliary indicator for this technical analysis. Here is the example of a very easy but at the same keen trading strategy. Time Frame M30 MACD (12,26,9) OsMA (5,20,9) [IMG]http://s30.postimg.org/w2e8lzcqp/fxkool4.png[/IMG] TRADING TIPS LONG POSITION –BUY We first need to have a look at the OsMA chart. If an oscillator heads up (>0) with the fist positive bar and MACD is about to cross 0 and advance as well, this is our strong BUY signal. SHORT POSITION – SELL Same pattern applies for the short position but reversely. If OsMA descends (<0) with the first negative bar and MACD is about to cross 0 and falls down as well, this is our strong SELL signal. [/QUOTE]
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