what period moving averages is best to use for day trading
30 - 50- 100.
The MA period you choose needs to be driven by the strategy. Reducing the periods accelerates the indications concerning the chart’s TA, but that doesn’t mean they will be more meaningful or better value or more reliable.
I definitely recommend not trading using entries from MA cross-overs. The point in time at which the cross-over occurs on the x-axis has no relation to the price at that time on the y-axis. You might as well toss a coin.
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which are the best days to trade currency pairs and are they profitable .
i think many people would say that overall, the midweek days are a bit better and more active than Mondays and Fridays, but the differences aren’t huge
that depends how they’re traded - the main point is that it isn’t “trading instruments” that are profitable or not - it’s “traders”
moving averages (including their crossovers) can be helpful for displaying the underlying trend within a specified timeframe but i’d strongly advise you NOT to try to use them (alone or with other indicators) as trade entries
thanks so much . what are your recomendations onto becoming a profitable trader
Worked for me for some time. I even followed the death and golden crosses lol. Of course it only worked for me for a little bit. Good indicator to consider though but I don’t make decisions based solely on that anymore.