Enter trades. Let them play out. Profit.
Those are the goals of trading.
But if you’ve never traded before — or maybe you’re not profitable yet — those seven little words can be extremely intimidating.
Trading isn’t as easy as it sounds.
Here’s the good news: While it can be difficult to trade, it’s not impossible.
This strategy is perfect to use when you want to define the current big picture trend and also give you an idea when to go long or short.
The moving average is the most popular trading indicator used by traders.
Important: Do not simply go short or long when you get the crossover, price action will be extended so it is better to wait for a retrace to a resistance or support area before you take the entry.
Here's how to trade the golden cross strategy.