Several decades had already passed since Forex had first shown its great potential to few wealthy and lucky individuals. Those were the days wherein only the elite could only embark on this kind of investment. Since then, Forex had evolved and adapted to suit the modern times and with it, its analysis. Hundreds of indicators had already been devised but the simplest and one of the oldest type still lives and still chosen by professionals, Moving Averages.
Moving Averages analyzes the behavioral pattern of the trend by defining effective points for opening and closing positions. It is in the form of curves and comes into different kinds; Simple moving average (SMA), Cumulative moving average, Weighted moving average, Exponential moving average.
Though Moving average indicators had increased its number, their purpose remains the same – provide assistance to traders by means averaging price fluctuations.
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