In the lesson knowing your trading environment, the lesson suggests using simple moving averages. and place a 7 period, 20 period, and a 65 period SMA on your chart. What the lesson doesn’t teach you is how to do that exactly. When I search my indicators should i be looking for “simple moving averages” or just moving averages? As a true beginner I find this site quite frustrating as it tells you what to do, but doesn’t tell you HOW to do it. The same with the bands, how exactly do i place separate bands on my chart with different deviations? Can anyone help explain or actually walk me through this.
Everyone uses different brokers therefore you cant explain exactly how to put the indicators on otherwise theyd have to go through all the brokers platforms and explain click here, click there. That’s not what babypips is here to do. It’s a foundation to start your education. The nitty gritty stuff is for you to do on your platform and discuss with your broker.
It asks for simple moving average. If you have SMA on your platform then fine otherwise its just a moving average MA. When you click indicators on your platform bollinger bands will come up and if you go to their settings you can change their standard deviations to whatever number you want just like when you edit what moving average you want.
It’s a free source of knowledge. Save your frustration for things you pay for which dont meet your expectations.
@DaWilliams3308 I know exactly where you’re coming from. I’ve often felt the same way when I first began to learn about all things forex. Chip away at it and ask questions here like you have done and soon the veil of confusion will get lifted.
BTW This has nothing to do with your broker. It is related to the charting software that you use. Search YouTube for tutorials on the software that you are using.
Thank Quad apprciate it