In this post I will be reviewing the popular 5 EMAs Forex System. This is a very well-known and widely used manual forex trading system that incorporates 5 exponential moving averages. It has been around for a very long time which is testament to its quality especially when used correctly with good money management and trading discipline.
5 EMAs Forex Trading Strategy
As the name suggests, the strategy incorporates the use of 5 exponential moving averages (5 EMAs) to determine the overall direction of the trend. It is simple to use and can filter trading signals. The 5 EMAs forex system teaches you when to enter and exit the markets and where to place your stops ensuring that good money management principles are used in the process.
It can be used for scalping, day trading or for long term trades. I find that the 5 EMAs are most reliable on higher time frames due to there being less noise and false signals. This also allows you to catch some big market movements and keep a nice risk to reward ratio.
The 5 EMAs forex system is flexible as it can be used on any currency pair and time frame depending on your requirements and availability for trading. You do not need much free time to use this strategy and with the provided alert indicator you do not need to chart watch all day, unless of course you like the thrill of scalping.
5 EMAs Forex System Summary
The 5 EMAs forex system has been around for a very long time and it is no coincidence. Clearly this is because it can work reasonably well when implemented correctly and consistently. It gives you an over view of the market trend with entry and exit signals. There is a 160+ page forex trading course included which covers multiple aspects of forex trading which will certainly appeal to and help the more novice forex trader. It also includes a bonus 5 EMAs alert indicator to alert you to new trading signals and a few other bonuses to ensure you get the most out of this system. It also includes detailed instructions with screenshot examples, full support and a 60 day money back guarantee.