What is Moving Average in Forex

Wanting to make the switch from trading forex to cryptocurrencies. Asking for advice.

Hey guys! I've been trading the forex market for about a year on MT4. I have some noob questions. Does this market move similar to the others (stocks, forex, etc). I trade with Fibonacci, moving averages, and some other various indicators/tools but nothing out of the ordinary. Those who are familiar with btc, what kind broker and platform would you recommend? Any advice you think a newbie should know would be greatly appreciated. Thanks guys!
submitted by SatanRules666999 to btc [link] [comments]

Getting Started

Hey guys! I found a super cool list of everything a new forex trader would need to get started! Originally made by to nate1357. Link to original thread http://redd.it/328cjr
Free Resources
Education:
www.babypips.com/school
www.informedtrades.com/f7
www.forex4noobs.com/forex-education
www.en.tradimo.com/learn/forex-trading
www.youtube.com/useTheTradeitsimple
www.traderscalm.com
www.orderflowtrading.com/LearnOrderFlow.aspx
www.profitube.com
Calendars:
www.forexfactory.com/calendar.php
www.dailyfx.com/calendar
www.fxstreet.com/economic-calendar
www.forexlive.com/EconomicCalendar
www.myfxbook.com/forex-economic-calendar
www.investing.com/economic-calendar
Free News Websites:
www.forexlive.com - Daily live news, analysis and resources
www.financemagnates.com - FX industry news and updates
www.fxstreet.com - Daily news, analysis and resources
www.forextell.com
www.forexcup.com/news
www.bloomberg.com/markets
Forums:
www.reddit.com/forex
www.forums.babypips.com/
www.forexfactory.com/forum.php
www.elitetrader.com/et/index.php
www.forex-tsd.com/
www.fxgears.com/forum/index.php
www.trade2win.com/boards
Margin / pip / position size calculators
www.myfxbook.com/forex-calculators
Brokerages:
There are many factors to consider when choosing a brokerage. Regulations typically force US traders to only trade at US brokerages, while international traders have more choice. After considering location you need to consider how much capital you will start trading with as many have minimum deposit levels. Once you’ve narrowed that down you can compared spreads and execution. ECN brokers execute your orders straight through to their liquidity providers, while market maker brokers may pair up your trades with other clients. Market maker brokers typically will partially hedge your positions on the interbank market. Many consider this to be a conflict of interest and prefer to trade at an ECN broker who would have an active motive to see you succeed. Lastly, brokers run inherently risky business models so it is important to consider the risk of bankruptcy.
www.forexpeacearmy.com - Aggregates broker reviews. Be warned though that people only seem to make bad reviews.
www.myfxbook.com/forex-broker-spreads - Live comparison of executable spreads
United States & International-
-Interactive Brokers
International Only-
-LMAX (whitelabel DarwinEx)
*DMA broker based in the UK. Note that as a DMA broker LMAX eliminates the ability for LPs to last-look transactions. This may result in reduced liquidity during volatile times as liquidity providers would be likely not to risk posting liquidity to LMAX's pool. *Tight spreads *Minimum deposit $10,000 *Fairly well diversified
-Dukascopy
*ECN based in Switzerland, but available elsewhere depending on local regulations.
*Tight spreads *Minimum deposit $100 *Fairly well diversified
-IC Markets *ECN based in Australia *Fair spreads on standard account, tight spreads on professional accounts. *Minimum deposit $200 *Fairly well diversified
-Pepperstone
*ECN broker based in Australia. *Fair spreads on standard account, tight spreads on professional accounts. *Minimum deposit $200 *Not well diversified
Software / Apps:
Desktop/mobile
Terminology/Acronyms:
www.forexlive.com/ForexJargon - Common terms and acronyms
FAQ:
I need to exchange money, how do I do it?
This isn’t what this sub is for. Your best bet is using your bank or an online exchange service. Be prepared to pay a hefty fee.
I have money in one currency and need to exchange it into another sometime in the future, should I wait?
Don’t ask us this. We speculate intraday in FX and shouldn’t be relied on to tell you what’s best for you. Exchange the money when you need it.
I have an FX account, should I start trading demo or live?
This is highly debatable. You should definitely demo trade until you have mastered how to use the trading platform on desktop and mobile. After that it’s up to you. Many think that the psychology of trading live vs demo trading is massively different. So it may pay to learn to trade live. Just be warned that most FX traders lose almost their entire first account so start with a low affordable balance.
What’s money management?
Money management is a form of risk management and is arguably the most important aspect of your trading when it comes to long term survival. You should always enter trades with a stop loss - the distance of the stop allows you to calculate how large of a percent of your account balance will be lost if your trade stops out. You can run a monte carlo simulation to figure out the risk of having a number of trades go against you in a row to drain your account. The general rule is that you should only risk losing 1-4% of your account per trade entered.
More on this here: www.investopedia.com/articles/forex/06/fxmoneymgmt.asp[35]
www.swing-trade-stocks.com/money-management.html[36]
What about automated trading?
Retail FX traders have been known to program “Expert Advisors” (EAs) to automate trading. It’s generally advisable to stay away from that until you’re very experienced. Never buy an EA from a developer because the vast majority of them are scams.
What indicators are best?
That’s up to you to test and find out. Many in this forum dislike oscillating indicators since they fail to capture the essence of what moves price. With experience you will discover what works best for you. In my experience indicators that are most popular with professional traders are those that provide trading “levels” such as pivot points, fibonacci, moving averages, trendlines, etc.
What timeframe should I trade?
Price action can vary in different timeframes. In longer term timeframes the price action and fundamentals are much more clear. Unfortunately it would take a very long time to figure out whether or not what you’re doing is successful on longer timeframes. In shorter timeframes you can often tell very quickly if what you’re doing is profitable. Unfortunately there’s a lot more “noise” on these levels which can prove deceptive for those trying to learn. Therefore the best bet is to use a multi-timeframe analysis, working from top-down to come up with trades.
Should I trade using fundamental analysis (FA) of technical analysis (TA)?
This is a long standing argument in these forums and elsewhere. I’ll settle it here - you should have an understanding of both. Yes there are traders who blindly ignore one of the other but a truly well rounded trader should understand and implement both into the analysis. The market is driven in the longer term through FA. But TA is necessary to give traders a place to enter and exit trades from a psychological risk/reward standpoint.
I’ve heard trading Binary Options is an easy way to make money?
The general advice is to stay away from binaries. The structure of binary options is so that when you lose the broker wins. This incentive has created a very scammy industry where there are few legitimate binary options brokers. In addition in order to be profitable in binaries you have to win 55-65% of the time. That’s a much higher premium over spot FX.
Am I actually exchanging currencies?
Yes and no. Your broker handles spot FX is currency pairs. Although they make an exchange at the settlement date they treat your position in your account as a virtual currency pair. Think of it like a contract where you can only buy or sell it as a pair. In this sense you are always long one currency while short another. You are merely speculating that one currency will appreciate or depreciate vs another.
Why didn't my order fill?
Even if price appears to cross over a line on your chart it does not guarantee a fill. Different charting platforms chart different prices - some chart the bid price, some the ask price and some the midpoint price. To fill a limit order price needs to cross your limit's price plus the spread at the time that it is crossing. If it does not equal or exceed the spread then it will not fill. Be wary that in general spreads are not fixed. So what may fill at one time may not at another.
submitted by ClassicalAnt6 to TeamOceanSky [link] [comments]

Fibonacci based Moving Averages indicator – indicator for MetaTrader 4 2 Moving average strategy with Fibonacci... Moving average crosses and Fibonacci Combining Fibonacci, Fractals and Moving Averages for Trade Setups Moving averages and Fibonacci explained

Moving Averages Populer dan Cara Menggunakannya. Belajar forex kali ini tentang Simple moving averages dapat populer Moving averages sangat populer karena sifatnya yang mudah digunakan dan banyak kegunaannya dalam trading. Ada sejumlah Simple Moving Averages yang populer, namun, masing-masing akan ditentukan oleh gaya perdagangan dan kerangka waktu yang diinginkan saat melakukan perdagangan. Presenting the 'Fibonacci Moving Averages' indicator. It works on all time frames across all markets. I have included several other moving average types, so choose as you see fit. EMA works best in my opinion. I don't know who the original idea belongs to, credit to them. However, this version was inspired by 'Waves618', modified by me, with the assistance of Chives & Flunki. Fibonacci-based Moving Averages indicator – indicator for MetaTrader 4 is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data. Fibonacci-based Moving Averages indicator – indicator for MetaTrader 4 provides for an opportunity to detect various peculiarities and patterns in price ... //@v1.2 Fibonacci Moving Average (EMA/SMA) Bundle //By Tantamount //Save your TV indicator use counts by using the Fibonacci SMA/EMA all in one indicator! Toggle between Exponetial or Simple moving averages functionality, using Fibonacci the sequence. //Fib moving averages are very good at locating support and resistance zones on multiple time frames. Moving Averages in Forex are the average prices of a currency pair over a set period of time. MAs have enjoyed such popularity because they provide the clearest method to identify a trend, smoothing the erratic data to see the trend more clearly.

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Fibonacci based Moving Averages indicator – indicator for MetaTrader 4

In this video, I explain the importance of Exponential Moving Averages and Fibonacci. This is not meant as trading advice. This is for educational purposes only. Always do your own due diligence. Hello Traders, Today I show you a very simple but good strategy. It's called 2 Moving average strategy with Fibonacci... This strategy work 30 min and 1 hour chart. Indicator : Ema 50 and Ema 26 ... We aim to be a place where every forex traders can gain free resources about trading. -About- Fibonacci based Moving Averages indicator – indicator for MetaTrader 4 Exponential Moving Averages based on Fibonacci Numbers - Duration: 5:00. ez2tradesoftware 16,304 views. ... Mastering Fibonacci Trading Strategy Urban Forex - Duration: 56:48. Combining Fibonacci, Fractals and Moving Averages for Trade Setups ... Day Trading Rules - Secret to Using Fibonacci Levels - Duration: ... Why Trading Forex is so Difficult ...

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