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The Moving Average a.k.a. MA is one of the basic indicators used in Forex trading. MAs are a way to average the price action isolating some of the price fluctuation. This way the Moving Average gives you a better picture of the price action.
In this video you will get an easy-to-understand explanation of the Moving Average formula and its importance in the Forex technical analysis. Learn about the Simple Moving Average and its brother – the Exponential Moving Average. You will also see an on-chart example of the SMA and the EMA, as well as the way the two indicators differ.