moving avarage is simple indicator but very powerfull, many newbe in forex use this indicator and getting profit in their trade, and advice from my teacher Moving avarage most better if we use bih Timefrime. like H 1
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moving avarage is simple indicator but very powerfull, many newbe in forex use this indicator and getting profit in their trade, and advice from my teacher Moving avarage most better if we use bih Timefrime. like H 1
I should say that ,Enter EMA on chart instead of SMA,and also add 200 SMA for a good view and trade according to the direction of 200 SMA ,that will be more good for trading.
100 SMA and 200 SMA is good for long term trading, main isko abhi bhi use karta hoon, mera isse kafi jayda benefit mil jata hai, ismein par hume sahi signal ka wait karna padta hai, aur pura dheyan dena padta hai, sahi breakout hone par hi order place karna padta hai.
moving average is the indicator which i think is the good indicator for the newbie and its will give you the good result if you combine other indicator with this moving average
moving average is very good for trading but we can not use alone them.
we can use it for determine the trend i am not faimiler with moving average.
its different different setting we can use in different different time frame for getting good result.
I saw that my friend just use the only indicator that is MA he said that all other indicator laging and meaningless I believe that is the best indicator of our..I'll try to set it up well with my system
The moving avarage is one of the most trustable indicators. it avarages out the past bars of price action and thus give us a idea about how the trend is going to be in coming times. use crossover to trade them !!