This video will show you how to use moving averages in trading.
First, we will be talking about why you should use moving averages. We will talk about the two main reasons why we use moving averages which are removing noise and using it as support and resistance.
In the second part of the video, we will be going through what are moving averages. I will be explaining the calculations behind moving averages to increase your understanding. I will also be answering a common question which is – would moving average levels stay the same when we change timeframes?
Next, I’ll be showing you the most common types of moving averages – simple moving average ( SMA) and the exponential moving average ( EMA ) . We will be going through the differences between the two types of moving averages. In the video, you’ll also learn the pros and cons between SMA vs EMA.
In the third part of the video, we will be going through how to use moving averages. I will give you the most common levels of moving averages that traders use which would be the 20, 50 and 200 MA which is used to determine the short, medium and long-term trend respectively.
Lastly, we’ll look how to setup the moving averages on my favourite charting platform, Tradingview. You’ll also learn when the moving averages represent a buy or sell opportunity depending on whether its above or below the price.
Thanks for watching and I hope you know how to use moving averages in forex trading after you finish watching this video! For the moving average strategy, make sure to check out my other video on my channel.
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Disclaimer : I am not a certified financial advisor. The content on this channel should not be taken as financial advice. The information on this channel is for educational and entertainment purpose only.