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Moving averages are one of the first technical indicators that I learned in forex, which I learned how to deal with it and how to achieve a good rate of profit on Forex, but at the same time I think it is better to work in a way which more than a technical indicator
Moving averages must be studied because they let us know about how the market is going, whether up or down. The study of moving average should include EMA's and SMA and differences. EMA means Exponential Moving Average and SMA means Simple Moving Average. There are also other types of moving averages but these are the most popular.
I knew at the start of trading forex, I learned the first indicator moving average. Because it is easy to know the trend movement. and I only take a position in the event of crossing the MA. Until now I still faithfully use the MA.
Yes, moving averages are very good in Select the next direction of the market and I used it in my way of trading but there are many settings and all the strategy for which there Mokhtvlh averages for the other averages, but the best you that I know is 55 and 200
indeed sir, I agree with your opinion that the indicator moving averages is very easy for us to know the trend. I therefore urge the novice traders to use the method of moving averages in order to ease the novice trader with less knowledge of the forex world.Quote:
Originally Posted by sgiant
movement of the price in a trade that will always be there if not go up means down and it should be analyzed with techniques that have been done by tekni masters of our forex and we need to emulate and practice their way to success in tradingQuote:
Originally Posted by ayakcalysta
moving averages give very good signals.since the logic behind moving averages is it shows us the average changes between the prices with in that time frame so it gives as a signal or idea that price is going to change.all we have to is to watch the daily pivot and also support and resistant line then we can have good trades.
In my point of view a trader should be trade only on his analysis, if a trader always try to trade on his analysis then he become expert in analysis on the other hand if a trader use indicator to use trading then his skill do not increase as a result he never be a good trader in his hole of life.
moving averages give very good signals.since the logic behind moving averages is it shows us the average changes between the prices with in that time frame so it gives as a signal or idea that price is going to change.all we have to is to watch the daily pivot and also support and resistant line then we can have good trades.
Of course, the moving average is a widely use indicator by so many forex traders, I have heard about the 10 SMA, 200 SMA and the 20 SMA crossing the price action to signify a possible signal, but I don't use the moving average indicators because I just see it as a lagging indicator.