I'm trying to figure out which moving averages would be most suitable for my technical analysis. There are so many options, like simple, exponential, and weighted moving averages. I'm not sure which ones to choose for my strategy. What are the three most commonly used or effective moving averages?
5 answers
Luigia
Thu Dec 26 2024
Selecting the most suitable moving averages for forex trading varies based on individual trading horizons.
DaeguDivaDanceQueen
Thu Dec 26 2024
For traders with a short-term perspective, certain moving averages are more appropriate.
Lucia
Wed Dec 25 2024
Specifically, the 5, 10, and 20 period moving averages are favored by short-term traders.
amelia_harrison_architect
Wed Dec 25 2024
On the other hand, traders with a longer-term horizon have different needs.
HanRiverVisionary
Wed Dec 25 2024
For long-term trading strategies, the 50, 100, and 200 period moving averages are considered optimal.