By bringing moving averages into your forex charts you can iron out the sharp price fluctuations and grasp a clear view of the overall trend. There are primarily two forms that hold ground in this field: initially the simple moving average known as SMA it works by averaging the closing prices over a chosen time period; and secondly the exponential moving average termed EMA, … [Read more...]
Best Moving Average for 1 Minute Chart – Scalping Forex
If you are scalping forex you will normally be trading on a 1 minute chart or 5 minute chart. So naturally you may ask the question what is the best moving average for a 1 minute or 5 minute chart. The answer really depends on what exactly you are looking for the moving average to tell you. Longer settings on a moving average will show you the overall direction that price is … [Read more...]
Lagging Indicators? Why You SHOULD Not Use Them Alone For Trading
Over the years I’ve seen hundreds (if not thousands) of newbie traders on message boards following simple trading systems that are based on lagging indicators. Because these systems are so simple to understand they are like a magnet anyone who is new to trading. The usual systems which people try to trade are often based on the most common lagging indicators found in any … [Read more...]