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Business › Re: Forex Trading Alerts - Season 16 by abbeyforex(m): 6:47am On Apr 12, 2016

MEKKY77:
pls guys, help a newbie out... is forextime.ng the same with forextime? And also is instaforex.ng the same with instaforex?

Forextime.com is the real link nothing like .ng , Forextime is the broker I use.

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Business › Re: Make Money From The FOREX MARKET- Either You Are A Trader Or Not. by abbeyforex(op): 1:00am On Apr 11, 2016

How to Use Bollinger Bands

Let’s compare trading to building a house. You wouldn’t use a hammer on a screw, right? Nor would you use a buzz saw to drive in nails. There’s a proper tool for each situation. Just like in trading, some trading tools and indicators are best used in particular environments or situations. So, the more tools you have, the better you can adapt to the ever-changing market environment.

Or if you want to focus on a few specific trading environments or tools, that’s cool too. It’s good to have a specialist when installing your electricity or plumbing in a house, just like it’s cool to be a Bollinger Band or Moving Average expert.

There are a million different ways to grab some pips! For this lesson, as you learn about these indicators, think of each as a new tool that you can add to that toolbox of yours. You might not necessarily use all of these tools, but it’s always nice to have plenty of options, right? You might even find one that you understand and comfortable enough to master on its own. Now, enough about tools already!
Let’s get started!

Bollinger Bands
Bollinger Bands, a chart indicator developed by John Bollinger, are used to measure a market’s volatility.Basically, this little tool tells us whether the market is QUIET or whether the market is LOUD! When the market is QUIET, the bands contract and when the market is LOUD, the bands expand.Notice on the chart below that when price is quiet, the bands are close together. When price moves up, the bands spread apart.

That’s all there is to it. Yes, we could go on and bore you by going into the history of the Bollinger Band, how it is calculated, the mathematical formulas behind it, and so on and so forth, but you really didn’t really need all that.

In all honesty, you don’t need to know any of that junk. We think it’s more important that we show you some ways you can apply the Bollinger Bands to your trading.
Note: If you really want to learn about the calculations of a Bollinger Band, then you can go to www.bollingerbands.com.

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Business › Re: Make Money From The FOREX MARKET- Either You Are A Trader Or Not. by abbeyforex(op): 12:21am On Apr 11, 2016

"It's no secret most retail forex traders lose money," says one top private fund manager in London.
"What is a secret is that the reason they are losing money is because they are told to look at the wrong charts;" he said.
"And because the basis of every decision they make as a trader is wrong, they find it almost impossible to win consistently."

1 Like

Business › Re: 6 Keys to Success in Setting Up Your Small Business by abbeyforex(m): 10:15pm On Apr 10, 2016

importexpert:
wealthlift

i am saying everything as it is. the entire guide contains 19 pdf guides. 4 of which are strictly on importation and they are the main guide. yours was made a part of the guide as bonus in march and i have detach it and apologize for that.

I knew this will happen one day because what an adult sees while sitting down can never be seen by a kid climbing the highest mountain. I remember I cautioned you on one of your numerous thread last year and u took offense against me. Since then I decided to cross my fingers and seal my lips on issues like this. Now the breeze has blown and we don see fowl yansh. I will only beg Baba Muna to exercise mercy and highest maturity level.

Business › Re: Make Money From The FOREX MARKET- Either You Are A Trader Or Not. by abbeyforex(op): 8:44pm On Apr 09, 2016

Hello All,
As per request, a new whatsapp group has just been created for up-to-the-minute update . Kindly add me up on whatsapp and request to be added to the group. Don't post your phone numbers here please.

Lectures so far are still directed towards those that want to become FX traders, I will still update us on how to profit from the Forex market even if you are not a trader.

FOREX IS NOT GAME, FOREX IS FUTURE ! I have a dream that one day 70% of the population will be earning from FOREX and employers of labour will beg to get employees.

Thanks

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Business › Re: Make Money From The FOREX MARKET- Either You Are A Trader Or Not. by abbeyforex(op): 8:34am On Apr 08, 2016

godoluwa:
Gud job Abbeyforex

tnx bro

Business › Re: Make Money From The FOREX MARKET- Either You Are A Trader Or Not. by abbeyforex(op): 8:07am On Apr 08, 2016

From the chart above, you see that price went slightly past the 10 EMA a few pips, but proceeded to drop afterwards. There are some traders who use intraday strategies just like this. The idea is that just like your horizontal support and resistance areas, these moving averages should be treated like zones or areas of interest.

The area between moving averages could therefore be looked upon as a zone of support or resistance.

Breaking through Dynamic Support and Resistance

Now you know that moving averages can potentially act as support and resistance. Combining a couple of them, you can have yourself a nice little zone. But you should also know that they can break, just like any support and resistance level!
Let’s take another look at the 50 EMA on GBP/USD’s 15-min chart.

In the chart below, we see that the 50 EMA held as a strong resistance level for a while as GBP/USD repeatedly bounced off it. However, as we’ve highlighted with the red box, price finally broke through and shot up. Price then retraced and tested the 50 EMA again, which proved to be a strong support level.

Moving averages can also act as dynamic support and resistance levels. One nice thing about using moving averages is that they’re always changing, which means that you can just leave it on your chart and don’t have to keep looking back in time to spot potential support and resistance levels.

You know that the line most likely represent a moving area of interest. The only problem of course is figuring out which moving average to use!

Hope you are not getting bored ? I dont expect you to get bored anyway,if you can be patient to use 4 years in higher institution to study a course you are not sure of exploring, then you should not be bored or impatient for few months in acquiring SKILLS that can turn a whole life around like it did for me.

Its all about Peaceful Wealth?

Business › Re: Make Money From The FOREX MARKET- Either You Are A Trader Or Not. by abbeyforex(op): 8:01am On Apr 08, 2016

It looks like it held really well! Every time price approached 50 EMA and tested it, it acted as resistance and price bounced back down. Amazing !
One thing you should keep in mind is that these are just like your normal support and resistance lines.

This means that price won’t always bounce perfectly from the moving average. Sometimes it will go past it a little bit before heading back in the direction of the trend.

There are also times when price will blast past it altogether. What some forex traders do is that they pop on two moving averages, and only buy or sell once price is in the middle of the space between the two moving averages.
You could call this area “the zone.”

Let’s take another look at that 15-minute chart of GBP/USD, but this time let’s use the 10 and 20 EMAs.

Business › Re: Make Money From The FOREX MARKET- Either You Are A Trader Or Not. by abbeyforex(op): 7:59am On Apr 08, 2016

How to Use Moving Averages as Dynamic Support and Resistance Levels

Another way to use moving averages is to use them as dynamic support and resistance levels.We like to call it dynamic because it’s not like your traditional horizontal support and resistance lines. They are constantly changing depending on recent price action.

There are many forex traders out there who look at these moving averages as key support or resistance. These traders will buy when price dips and tests the moving average or sell if price rises and touches the moving average. Here’s a look at the 15-minute chart of GBP/USD and pop on the 50 EMA. Let’s see if it serves as dynamic support or resistance.

Business › Re: Forex Trading Alerts - Season 16 by abbeyforex(m): 7:18am On Apr 08, 2016

Today,Friday may be for retracement as Yellen speech of yesternight gave no reasonable clue.

Business › Re: Say No To Aliexpress And Alibaba Importation (But Other Great Chinese Sites). by abbeyforex(m): 7:14am On Apr 08, 2016

winetapper:
You are right uncle Abbey.

Money is not the root of all Evils.

But excessive love of it becomes Greed and with greed one will do anything I say anything to get money and that becomes Evil

Mo rogo ! Am blushing !! Me ? Uncle ? Where did you get that title from @ my digital winetapper as Moses will call you.?

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Business › Re: Say No To Aliexpress And Alibaba Importation (But Other Great Chinese Sites). by abbeyforex(m): 7:02am On Apr 08, 2016

winetapper:
There is something I learnt from this story and here they are...

1. You didn't your parent to spoon feed you @ss2 you had a vision and you chased it.

2. You weren't distracted by friends who mocked you and times and money you wasted in research

3.You still had schooling in mind.. Few hustlers do that.

4. Capital was your problem but you were determined to do something card boy,indomine boy,phone booth

5. Kwantinue I still have more to point out Sir

Modified

You didn't use evil ways to get your money you did the legal and right thing and the money came and you have peace of mind

"You didn't use evil ways to get your money you did the legal and right thing and the money came and you have peace of mind"

That is what I have been preaching all around " Peaceful Wealth"

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Business › Re: Importation Business As Plan 'B'. The Nitty Gritty. by abbeyforex(op): 6:55am On Apr 08, 2016

[size=14pt]MAKE #400,000 minimum this season ![/size]

How much can we make doing this deal ? Culled from our PLAN B group, one out of many products we have reviewed.

As I woke up now , I decided to check into my stores and see what invoice to print and what order to deliver before launching out for the day. I opened my office (laptop) and the first thing that struck my mind was THIS REGIME,the only regime that is coming first in everything since I was born(my thought).

The first regime wherein we have the following:
*highest dollar,pounds and euro exchange rate
*highest RMB exchange rate
*highest price per litre of fuel.

Everything about this regime is just about being the HIGHEST ,I even heard that under this regime only , a whopping sum of $4.2 Billion is missing via En En Pee Cee.

As I was to shut down my office in annoyance to read a little from my books (not the kind of book u are thinking about), Lo and behold , one of the Malaikas appeared to me and said "Son,is that all you will do" , I shivered and was ashamed of myself cos I have just acted the same way some 'Shitty Noise Making Importers' do.

To cut it short,I immediately launched and they gave me a product, I quickly checked our marketplaces and found d same product already selling at its highest speed. A thought came up to me that if it can be selling well online like this,what about offline where we have many of the customers anxiously waiting.

During the era of siphon pump, we experienced more sales offline than online and I think this will do that magic also.

The name of the product is NEO SOCKET FUEL SAVER. I am pleased to share this to the IN-DEPTH as the first product for the group for the second quarter of the year and I will want us all to reflect on it.

We all know how to sell ONLINE but here are -

Ways to sell offline:
- Introduce it to petrol attendant, those that sell Engine oil and motor vehicle materials.
- Introduce to Auto-Mechanics and give to them for a rebate,they will do the magic.

Why the mechanics? Every vehicle user believe so much in them and whatever their recommendation is and that is why we allow them to work and fix our cars

Above all, recruit 2 or 3 sales rep,place them on commission and rebate and tell them to target filling stations wherein we have queue of those that are looking for fuel.

*Seems I forgot to tell you that am working on alternative source of energy and what product to sell when its done, you thought I will say Inverters and Solar, nay, it is not. When energy is fixed ,most business establishment of the economy will thrive (my thought). I will be back on that,let us reflect on NEO SOCKET FUEL SAVER for now.

How much can you make ?

An average Petrol Station (this season) that is selling at normal price will have almost 500 customers on queue (motor vehicle,motorcycle,tricycle,kegs and jerrycans,motorcycle tanks and generator tanks,Plastic water bottle holder).

The Landing Cost depends on your MOQ. (check picture 1 for your purchase price using #51/1 RMB and picture 2,3,4 for likely selling price).

Now, imagine yourself selling 100 pieces in 5 petrol station each. I am sure you would have made minimum of #400,000 over 500 pieces

This and many more you tend to benefit joining us at PLAN B,think about it and take action.

Is your Plan B in place yet ?

1 Like

Business › Re: Importation Business As Plan 'B'. The Nitty Gritty. by abbeyforex(op): 5:36am On Apr 08, 2016

To the few that trusted us with their HARD EARNED MONEY after we launched our newest service of procurement and shipping to Nigeria on 23rd March,2016 based on our previous GOODWILL,here are your goods packaged together. They shall be way-billed accordingly to us in our different locations. KEEP 'EM COMING.

Business › Re: Say No To Aliexpress And Alibaba Importation (But Other Great Chinese Sites). by abbeyforex(m): 5:05am On Apr 08, 2016

AleAirHub:
SUCCESS MAP WITH DANGER & MILKINESS
[My Little Importation Story Journey ]

Good afternoon everyone!!!.

1st all thanks goes to God almighty the giver of knowledge, wisdom & my pathfinder. He has been my bedrock and my source that has been tranquil the journey from grass to grace for 1 decade plus now.

JOURNEY ONE

At early stage of my life i have always wanted to venture into business of buying and selling because I LOVE MONEY alot even when our church priest keep saying in most church sermon/oration that MONEY IS THE ROOT OF ALL EVIL . So my 1st business at my early age[12] then was buying of biscuit and resell at home during our moon play AS A VILLAGE BOY .

The really hustling of success started in 2006 at my SS2 level when i was preparing for my SSCE exams, i will never forget that day in a hurry till i exit form this mother planet called EARTH. One faithful Sunday morning i rush down to a newspaper post @ Iyayi petrol station, Benin City to check for soccer scores and Vanguard lover zone ad . Luckily i came across a motivational magazine called SUCCESS DIGEST i ask the Newsagent for the price and i was told N100 & i paid including for Sunday Vanguard Newspaper also. Immediately i get home, i took my time to go though the SUCCESS DIGEST magazine and i was really shock of some business opportunities tips but it was just belief or tag as; TO BE CONT in our next week publication or place as FOR SALE to get and enjoy full details. So i subscribe to the magazine for weekly supply basics only making a token fee of N400 monthly and that was how the interest in internet related business rose up, every Saturday and Sunday i will rush down to a cafe called Vic Biz Cyber Cafe or Netcast @ Ugbowo in Benin City to test all the knowledge acquire . Most times i will waste 2/3hours ticket not achieving my heart desire to the extend my Pals was making mocking of me that am only wasting my resource , time and effort.

GAIN & CHALLENGES.

1. My 1st gain was coming though that paper called SUCCESS DIGEST apart from the opportunities indicted inside the paper, it also boosting my reading habit.
2. 1st encounter with SUCCESS DIGEST also boost my Internet skills because i was always friendly with internet.
3. 1st encounter with SUCCESS DIGEST also make me to know & follow people publication from;Otunba Akin Alabi of Nairabet, etc.
4. 1st encounter with SUCCESS DIGEST also make me to save jealously for the publication purchase weekly.
5. 1st encounter with SUCCESS DIGEST also make me to opening my 1st A/C in my SS2 .

CHALLENGES.
1. Internet services was very expensive then.
2. Lack of capital to implement all i have acquire.
3. Lack of fund to get a good grade computer/system.
4. Lack of internet knowledge; because the opportunities surrounding it then was limited to a penny and those was has the knowledge only give1% of it free and 10% on charges so the remaining 90% was kept to master and key players like my mentor[Otunba Akin Alabi of Nairabet & rest of them].

To Be Cont Shortly.
Bravo
Cc Winetapper

"MONEY IS THE ROOT OF ALL EVIL"

As much as I know,"MONEY IS NOT THE ROOT OF ALL EVIL" but "THE EXCESSIVE LOVE OF MONEY"

selah

Business › Re: Forex Trading Alerts - Season 16 by abbeyforex(m): 4:15am On Apr 08, 2016

What I saw on GJ and GU monthly time frame is preparing me to leave the bears cocoon and turn a bull,waiting for the confirmation sha .

Business › Re: Forex Trading Alerts - Season 16 by abbeyforex(m): 4:09am On Apr 08, 2016

sweetmaris:
Mr Jorel1 you are getting it all wrong
I jus lifted that stuff from babypips just to prove a point
See if I hav a 100k dollars I would stop trading
am jus trying to say capital less than $100 is not sane

Okay let's come to the everyday life, if you wanna give your wife/Gf money to trade provisions, would you give her 32k naira? How much is d shop rent, not to talk of the goods she wud sell... The earlier we start to treat forrx as a real time business the better for us

And when I say capital, am not referring to newbies that don't know dere left from right, who are ready to dash brokers "gala n lacacerra" money according to Jenny..

You must hav a strategy, be disciplined, patience, money management, plan, control emotions etc

But I might not be making sense to you

This is forex, so stick to what works for you.. But The above has been working for me and no regrets so far

Well enuf said for one day,

@sweetmaris,you have spoken well. Keep it up not for yourself but for those that needed it.

Business › Re: Forex Trading Alerts - Season 16 by abbeyforex(m): 4:03am On Apr 08, 2016

sweetmaris:
With that kind of low capital, of all the pairs you saw, you decided to trade gold and oil... Some dudes are so funny, on a good day gold will move 500pips and God help you if you are in d wrong direction

Your strategy might be good as well as your signal and plan but gold is jus too volatile for less than $30 dollar account, even if ur using 0.00001 lot
Begging for someone's else plan and signal is not the solution, create what will work for you
Go back to your drawing board and see where it went wrong
Personally I would say do some offline jobs to boost your capital and secondly change the pairs your trading

IMO.. I can't trade with less that a thousand grand (am not saying its not possible oo) before some sharks swallow me.. To me it leads to unnecessary frustration and emotions... I know some people wud tell all does bullshit of no money in naija and blah blah blah, but if you wan to do other business you wud be ready to spend 500k even up to d market women selling
So why don't you treat this same Forex a business rather than one trial and error tin....
Every successful business requires capital...

I didnt read this before my comment ,@sweetmaris said it all

Business › Re: Forex Trading Alerts - Season 16 by abbeyforex(m): 3:59am On Apr 08, 2016

forex24:
this whole thing is giving sleepless night. i fund my acct with $28.59 with instaforex. i was able to trade only oil and gold. i increase it to 78$ using 0.01 lot size. i lose about 40$ but i still trade more again i lose 24$ yesterday with that oil buy but i sold since. today now gold is buying again. what is all this trouble na.

please if you can help me wit your plan and signal i will love it for at least a month. i want to learn more on oil and gold move please sir.

your capital is too small for trading gold and oil in terms of margin . You can only enjoy trading such if all your calls are positive and its not possible to have 100% positive trades

1 Like

Business › Re: Make Money From The FOREX MARKET- Either You Are A Trader Or Not. by abbeyforex(op): 4:52am On Apr 04, 2016

How to Use Moving Average Crossovers to Enter Trades

By now, you know how to determine the trend by plotting some moving averages on your charts. You should also know that moving averages can help you determine when a trend is about to end and reverse.

All you have to do is plop on a couple of moving averages on your chart, and wait for a crossover. If the moving averages cross over one another, it could signal that the trend is about to change soon, thereby giving you the chance to get a better entry.

By having a better entry, you have the chance to bag more pips! Let’s take another look at that daily chart of USD/JPY to help explain moving average crossover trading.

From around April to July, the pair was in a nice uptrend. It topped out at around 124.00, before slowly heading down. In the middle of July, we see that the 10 SMA crossed below the 20 SMA. And what happened next? A nice downtrend! If you had shorted at the crossover of the moving averages you would have made yourself almost a thousand pips!

Of course, not every trade will be a thousand-pip winner, a hundred-pip winner, or even a 10-pip winner. It could be a loser, which means you have to consider things like where to place your stop loss or when to take profits. You just can’t jump in without a plan! What some traders do is that they close out their position once a new crossover has been made or once price has moved against the position a predetermined amount of pips.

One thing to take note of with a crossover system is that while they work beautifully in a volatile and/or trending environment, they don’t work so well when price is ranging. You will get hit with tons of crossover signals and you could find yourself getting stopped out multiple times before you catch a trend again.

Business › Re: Say No To Aliexpress And Alibaba Importation (But Other Great Chinese Sites). by abbeyforex(m): 2:51pm On Apr 01, 2016

just2okworld:
Mr moses....it seems you are beginning to take me for a fool,its not yet time for you to reply my WhatsApp chat since Tuesday?

after I've decided to accept the 40rmb

Tummie!

Are you still on this issue ?

Business › Re: Make Money From The FOREX MARKET- Either You Are A Trader Or Not. by abbeyforex(op): 4:19am On Apr 01, 2016

MEKKY77:
abbeyforex, abeg e get any good naija broker you fit recommend? And whats the best way to fund a forex account? I'm about to use neteller and fund mine...

Check my signature for the broker I use to trade,I have been with them for over 4 years. You can fund your trading account with your savings account,no need to look around for digital currency like neteller. Withdrawal takes less than 2 hours and Funding also takes less than that.

1 Like

Business › Re: Make Money From The FOREX MARKET- Either You Are A Trader Or Not. by abbeyforex(op): 4:16am On Apr 01, 2016

samogo1:
How does money circulate in forex? like the money we make as profit, is it from the losses other trader made?

Profit we make is not from the losses of others but from the price movement .

Business › Re: Importation Business As Plan 'B'. The Nitty Gritty. by abbeyforex(op): 5:38am On Mar 31, 2016

Ain't got enough time to type today,let the pictures speak my mind,afterall a picture is worth more than one thousand words.. This is surely more than 400%. Imagine you order for just 100 pieces,do the rest of the calculation.

1 Like

Business › Re: Make Money From The FOREX MARKET- Either You Are A Trader Or Not. by abbeyforex(op): 5:10am On Mar 31, 2016

Above is a daily chart of USD/JPY. Throughout the uptrend, the 10 SMA is above the 20 SMA. As you can see, you can use moving averages to help show whether a pair is trending up or down.

Combining this with your knowledge on trend lines, this can help you decide whether to go long or short a currency. You can also try putting more than two moving averages on your chart. Just as long as lines are in order (fastest to slowest in an uptrend, slowest to fastest in a downtrend), then you can tell whether the pair is in an uptrend or in a downtrend.

ANY QUESTION?

Business › Re: Make Money From The FOREX MARKET- Either You Are A Trader Or Not. by abbeyforex(op): 5:09am On Mar 31, 2016

Gbammm! You get faked out! As it turns out, traders just reacted to the news but the trend continued and price kept heading lower! What some traders do – and what we suggest you do as well – is that they plot a couple of moving averages on their charts instead of just one. This gives them a clearer signal of whether the pair is trending up or down depending on the order of the moving averages.

Let us explain.
In an uptrend, the “faster” moving average should be above the “slower” moving average and for a downtrend, vice versa. For example, let’s say we have two MAs: the 10-period MA and the 20-period MA. On your chart, it would look like this:

Business › Re: Make Money From The FOREX MARKET- Either You Are A Trader Or Not. by abbeyforex(op): 5:08am On Mar 31, 2016

see

Business › Re: Make Money From The FOREX MARKET- Either You Are A Trader Or Not. by abbeyforex(op): 5:06am On Mar 31, 2016

How to Use Moving Averages to Find the Trend
One sweet way to use moving averages is to help you determine the trend. The simplest way is to just plot a single moving average on the chart. When price action tends to stay above the moving average, it signals that price is in a general uptrend.If price action tends to stay below the moving average, then it indicates that it is in a downtrend.

Business › Re: Make Money From The FOREX MARKET- Either You Are A Trader Or Not. by abbeyforex(op): 5:03am On Mar 31, 2016

Notice how the red line above (the 30 EMA) seems to be closer price than the blue line (the 30 SMA). This means that it more accurately represents recent price action. You can probably guess why this happens.

It’s because the exponential moving average places more emphasis on what has been happening lately. When trading, it is far more important to see what traders are doing NOW rather what they were doing last week or last month.

Business › Re: Make Money From The FOREX MARKET- Either You Are A Trader Or Not. by abbeyforex(op): 5:02am On Mar 31, 2016

Exponential Moving Average (EMA) and Simple Moving Average (SMA) Side By Side

Let’s take a look at the 4-hour chart of USD/JPY to highlight how a simple moving average (SMA) and exponential moving average (EMA) would look side by side on a chart.

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Business › Re: Make Money From The FOREX MARKET- Either You Are A Trader Or Not. by abbeyforex(op): 5:00am On Mar 31, 2016

The closing prices for the last 5 days are as follows:
Day 1: 1.3172
Day 2: 1.3231
Day 3: 1.3164
Day 4: 1.3186
Day 5: 1.3293
The simple moving average would be calculated as follows:
(1.3172 + 1.3231 + 1.3164 + 1.3186 + 1.3293) / 5 = 1.3209. Simple enough, right?

Well what if there was a news report on Day 2 that causes the euro to drop across the board. This causes EUR/USD to plunge and close at 1.3000. Let’s see what effect this would have on the 5 period SMA.
Day 1: 1.3172
Day 2: 1.3000
Day 3: 1.3164
Day 4: 1.3186
Day 5: 1.3293
The simple moving average would be calculated as follows:
(1.3172 + 1.3000 + 1.3164 + 1.3186 + 1.3293) / 5 = 1.3163

The result of the simple moving average would be a lot lower and it would give you the notion that the price was actually going down, when in reality, Day 2 was just a one-time event caused by the poor results of an economic report.

The point we’re trying to make is that sometimes the simple moving average might be too simple. If only there was a way that you could filter out these spikes so that you wouldn’t get the wrong idea. It’s called the Exponential Moving Average!

Exponential moving averages (EMA) give more weight to the most recent periods. In our example above, the EMA would put more weight on the prices of the most recent days, which would be Days 3, 4, and 5. This would mean that the spike on Day 2 would be of lesser value and wouldn’t have as big an effect on the moving average as it would if we had calculated for a simple moving average. If you think about it, this makes a lot of sense because what this does is it puts more emphasis on what traders are doing recently.

Business › Re: Make Money From The FOREX MARKET- Either You Are A Trader Or Not. by abbeyforex(op): 4:57am On Mar 31, 2016

Exponential Moving Average (EMA)
As we said earlier, simple moving averages can be distorted by spikes. We’ll start with an example.
Let’s say we plot a 5-period SMA on the daily chart of EUR/USD.

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