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Trading Commodities and Financial Futures: A Step-by-Step Guide to Mastering the Markets, Fourth Edition by George Kleinman

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9. The Moving Averages Primer

“The future is like a corridor into which we can see only by the light coming from behind.”

—Edward Weyer, Jr.

If a holy grail exists for trading, I’ve not found it. One of the most important lessons I can teach you is this: No single pattern, system, method, or indicator works in all market conditions. The best you can hope for is to find a tool that will place the odds in your favor. If your winning percentage is favorable, and if your average wins are bigger than your average losses, you’ll make money. The good news is that excellent technical tools are available that, when used properly, can put the odds in your favor. We discussed many of them in Chapter 8, “The Advanced Trading Course,” and I’ve dedicated this ...

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