From Eye-Opening Realizations? Understanding the Essence of FX's Attraction ~ Mastering Moving Averages (Part 1) ~ [Iida-chi Sensei]

Profile of Itatchi-sensei

Former teacher at a preparatory school. He loves hot springs and holds a hot spring sommelier qualification. A professional FX trader. He has nurtured many outstanding traders using the method called “Close Price Trading Method,” and in his online study sessions, participants from all over the country—from the elderly to young people—learn together. The chart analysis method that emphasizes the “close price” is popular among part-time traders as a trading approach that does not require focusing on the 24-hour market.

Blog：A.S. From 100,000 Yen to a Major Comeback! FX Trader Itatchi BLOG

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※This article is a reprint/edit of an article from FX攻略.com November 2020 issue. Please note that the market information written in the main text may differ from current market conditions.

He who masters the moving average masters the market

Moving averages are almost always used when analyzing price movements on charts. They have become the king of technical indicators and are incorporated into all chart software and mobile trading apps.

Although moving averages are a classic technical indicator, surprisingly few books or videos provide a deep, detailed explanation, and many people simply view them as “the average of candlesticks.” This is a great shame.

Moving averages are loved by people all over the world. In other words, many people are paying attention to them, and they are a fundamental of chart analysis. Mastering how to use moving averages will be the first step toward becoming a winning trader. Indeed, it is the saying: “He who masters the moving average masters the market.”