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FX Trading tips - Simple And Exponential Moving AveragesViews: 481
Nov 03, 2009 11:39 pmFX Trading tips - Simple And Exponential Moving Averages#

Gene Hoglan
Hello there... I recently joined this network...hope my posts could help you guys somehow! Here's a little teaser of an article i wrote about Simple and exponential Moving averages in FX trading. Enjoy! Simple and exponential moving averages are two mathematical tools used in Technical Analysis for Currency Trading with the purpose of predicting future values of Forex prices. A simple moving average is the sum of past values of a specific currency pair, divided in the amount of prices used; each trader chooses the appropriate number of prices to be included in the algorithm. For instance: suppose that we are interested in predicting the future price of the EUR USD for tomorrow and we have prices for the previous 5 days: [1.44 , 1.38 , 1.41 , 1.46 , 1.48] so the simple moving average is… Feel free to read and comment the article here … Cheers! Gene

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