Moving average – the simplest type of technical indicators on the financial markets. Since these indicators of technical analysis represent the oldest type of analysis, they are frequently used by professionals and, consequently, are of interest for us. We remember that in order to become successful trader on Forex market, we have to copy the behavior pattern of the experts.
Generally speaking, the moving average allows us to get a notion of the current trend and define the effective points of positions opening and closing. It is supposed that moving average curves are the curves defining the trend.
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