In this class, we are going to discuss yet another interesting tool that helps maximize the profit potential of a Forex Swing trader.
Trading strategies using the oscillator (Average Directional Index) ADX and trend indicator (Exponential Moving Average) EMA are extremely popular among forex swing traders. The strategy is suitable for even beginners.
ADX EMA is a trend following strategy. It is a relatively simple, but very effective strategy. It makes analyzing the market much easier because the chart looks perfectly clean. Almost any trader would agree that trend following strategies are the best and that they have a higher chance of success than counter-trend strategies.
The ADX + EMA trading strategy is quite straightforward. There is just a set of rules to follow. The goal of this class is to provide you with a clear picture of how to effectively use the ADX EMA tool when creating your swing trading strategy.