THINGS YOU HAVE TO KNOW ABOUT USING MOVING AVERAGES IN FOREX TRADING

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THINGS YOU HAVE TO KNOW ABOUT USING MOVING AVERAGES IN FOREX TRADING Moving average is a trend following indicator. Will be very useful in trending market and will have no value in ranging market. The very basic definition of the moving average is – average value of the last X period. So for example if you want to find the last 14 days average value you should use 14 MA There are several types of moving average calculation – SMA, EMA, Smoothed and Linear weighted. The difference of each is the way it’s calculated while the most common ones are – EMA and SMA. ✨ Key Ways to Use Moving Averages: The bigger the moving average – the bigger trend it refers to. You don’t need several moving averages on the chart to have a better read of a trend. Use multiplier of 2 or higher between MAs you use. Cross of moving averages DO NOT guarantee you will get a move of hundreds of pips. Multi – Time Frame usage of moving averages, will help you to find more reliable trends to trade!📉🔍 #MovingAverages #ForexTrading #TechnicalAnalysis #TradingTips #ForexMarket #PriceAction #forex #trading #forexeducation #forexsignals #tradingtips #marketanalysis #tradingstrategy #hometraderclub #vladimirribakov