A Revelation for Your Eyes? Understanding the Essence of FX’s Appeal ~ Mastering Moving Averages (Part 2) ~ [Teacher Iidacchi]
Profile of Itadacchi Sensei
Former teacher at a preparatory school. Loves hot springs and holds a hot spring sommelier qualification; a professional FX trader. He has nurtured many excellent traders using a method called “Close Price Trading Method,” and his online study sessions attract participants from all over the country, from the elderly to the young. The chart analysis method that emphasizes the close price has become popular among part-time traders as a trading approach that does not require constant focus on the 24-hour market.
Blog：A Major Comeback from 100,000 Yen! FX Trader Itadacchi BLOG
Twitter：https://twitter.com/iidatchi
※This article is a reprint/edit of an article from FX攻略.com December 2020 issue. The market information written in the main text may differ from the current market, so please be aware.
The Principles of Moving Averages!
Hello, this is Itadacchi Sensei. I have been providing detailed, practical explanations about moving averages (MA) since the last time.
MA is calculated using only the closing prices of the candles. The length of the wicks is not taken into account. And as a key principle, when the closing price is above the MA, the MA turns upward; when the closing price is below the MA, the MA turns downward. In other words, the direction of the MA is determined by the closing price, and the MA is drawn toward the closing price.
