Study Moving Averages!

Moving averages is one kind of indicator but it is very traditional system. A member it can be used for count in her tread. It is so much popular with traders. It give more important to recent data. The most important is money management doing it.

I like EMA 10, 20 n 30 . These hv given me so many pips. Just see when EMA 10 cross EMA 30 with stoch, MACD n RSI favorable, Then u r certain of many pips after crossing.

for the first time i did trade, i used moving average, i knew that this is very simple to use and understand , and also i improved with using it, i use three MAs and they works with well, but sometimes i felt hard to reduce the risk, and especially at breakout position

I also think Moving average is very useful in technical analysis. I used many indicators, most of them are move with the market trend and making profit following was impossible for me. But now I only use Moving Average. I use crossing EMA to SMA with 5 minutes time frame most of the time. Yet I need more study on it.

Moving Average is very effective indicator to used in ur trade many trade used this indicator bcoz it's very easy and simply to used.SMA and EMA is commonly used in forex trade.

The information in this thread helped me to understand the moving average. I hope the master adds a better material here.

thanks for your comments. I am also agree with you. I am a new trader in Forex and I am using moving average indicator in my trade. I feel moving average is one of the recognized indicator and it reflects the important fluctuation of the market.

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Originally Posted by 22asif

There are many strategy in this forex trade. from this moving averages is one of the old and important indicator. I always use this indicator for well doing my business.

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yes, very nice moving average indicators to help analyze, may be additional indicators that combine a little better in the analyzes. because I think the only indicator of a lack of sufficient, but if too much is not good.

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Originally Posted by aristotal

Moving average is one of the old and traditional indicator and it can be used in a number of ways to make it count for out trading. I am also using moving average in my system and it is very effective.

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I am sure in any indicators not just Moving Average,.! knowwell in your indi is important, lack of knowledge is one of the main reasons your fail. I think having no knowledge is more dangerous than having wrong knowledge. inadequate knowledge is most dangerous for the traders and it is the main cause of forex losses.

I have truly worked with many indicators in forex trading , but i will always say that moving averages are still the simplest and the bets in forex trdaing, that of 5ema and 10sma is still the bets i have got.