free forex Posted February 23, 2019 Share Posted February 23, 2019 Moving averages Conclusions and forex trading signals Moving averages Conclusions and forex trading signals The advantages of using moving averages need to be weighed against the disadvantages. Moving averages are trend following, or lagging, indicators that will always be a step behind. This is not necessarily a bad thing though. After all, the trend is your friend and it is best to trade in the direction of the trend. Moving averages ensure that a trader is in line with the current trend. Even though the trend is your friend, securities spend a great deal of time in trading ranges, which render moving averages ineffective. Once in a trend, moving averages will keep you in, but also give late forex trading signals . Don't expect to sell at the top and buy at the bottom using moving averages forex trading signals . As with most technical analysis tools, moving averages should not be used on their own, but in conjunction with other complementary tools. Chartists can use moving averages to define the overall trend and then use RSI to define overbought or oversold levels. Quote Link to comment Share on other sites More sharing options...
Sininfinity Posted February 27, 2019 Share Posted February 27, 2019 Well at one point I have used moving average. EMA 21 was my favorite. But now i don't use any indicator on my chart. Quote Link to comment Share on other sites More sharing options...
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