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Which moving average is best for forex trading


But which are the best moving averages to use in forex trading? That depends on whether you have a short-term horizon or a long-term horizon. For short-term trades the 5, 10, and 20 period moving averages are best, while longer-term trading makes best use of the 50, 100, and 200 period moving averages.

Which EMA is best for forex?

The most commonly used EMAs by forex traders are 5, 10, 12, 20, 26, 50, 100, and 200. Traders operating off of shorter timeframe charts, such as the five- or 15-minute charts, are more likely to use shorter-term EMAs, such as the 5 and 10.

Which moving average is the most accurate?

21 period: Medium-term and the most accurate moving average. Good when it comes to riding trends. 50 period: Long-term moving average and best suited for identifying the longer-term direction.

Does moving average work in forex?

The moving average (MA) indicator is one of the most used technical indicators for forex traders. It's a formula used to calculate the averages of a market's movements over a longer time period (usually weeks or months rather than days) to identify trends, which is vital for a good forex trading strategy.




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