Moving Averages indicator is the favorite indicator for swing trading. Forex trader use Moving average indicator for market trend identification. The most favorite type of Moving average indicator for swing trading is simple moving average indicator. Moving average indicator can also use to identify resistance and support level. Popular periods for moving average indicator are 100 and 200 days period Moving average indicator for long term and 10 – 20 days period moving average indicator for short time frame.
SMA is the average market price over a given period time. In the picture above you can see both simple moving average and the Exponential moving average indicator attached on a forex chart. In this picture you can see how the Exponential moving average tracks market price closely than simple moving average indicator. If you are using Moving average indicator for swing trading tp determine a trending market you can use both simple moving average and exponential moving average as confirmation. This indicator is a simple indicator and powerful swing trading indicator for your trading system.
SMA is the average market price over a given period time. In the picture above you can see both simple moving average and the Exponential moving average indicator attached on a forex chart. In this picture you can see how the Exponential moving average tracks market price closely than simple moving average indicator. If you are using Moving average indicator for swing trading tp determine a trending market you can use both simple moving average and exponential moving average as confirmation. This indicator is a simple indicator and powerful swing trading indicator for your trading system.
Forex is simple follow the trend and you will rich.
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