This has not to do specifically with Forex but trading in other instruments.
My question is:
Why am I trying to predict what will pairs do that go all the time up and down? Stock Indices like DJI and S&P go bullish consistently for 100 and 90 years respectively. Check pics attached,
Why can't I just attach an SMA/EMA 50/100/200 or whatsoever MA/period and just open long positions when it goes below the MA and wait for it to go to new ATH? Why should I bother with FX Pairs that don't go only one way for a century? Am I missing something? Looks WAY TOO MUCH EASIER than forex that goes up and down all day every day.
My question is:
Why am I trying to predict what will pairs do that go all the time up and down? Stock Indices like DJI and S&P go bullish consistently for 100 and 90 years respectively. Check pics attached,
Why can't I just attach an SMA/EMA 50/100/200 or whatsoever MA/period and just open long positions when it goes below the MA and wait for it to go to new ATH? Why should I bother with FX Pairs that don't go only one way for a century? Am I missing something? Looks WAY TOO MUCH EASIER than forex that goes up and down all day every day.