Why Moving Averages Are Popular
Why Moving Averages Are Popular Moving Averages Are Used By Every Trader This forex blog about why moving averages are popular. Moving averages are used by every trader, even those that don’t favor technical analysis. Why is this indicator so prevalent, even among traders who enjoy fundamental investing? KISS: Keep It Simple, ... Moving averages are used by every trader, even those that don’t favor technical analysis. Why is this indicator so prevalent, even among traders who enjoy fundamental investing? KISS: Keep It Simple, Stupid One of the biggest reasons that moving averages are so popular is due to their simplicity. While profitable traders have been using a moving average on their charts for quite some time, the moving average remains one of the most simplistic forms of technical analysis. Uptrend, downtrend, or sideways trend, moving averages have been perfected for their use as support and resistance lines and as a general prediction of where the markets are headed. Day trad...