Moving Averages | Stocks for Breakfast
Moving averages are the foundation for many many stock traders.
They're easy to set up and simple to understand, but many traders still use them incorrectly.
In today's trading lesson we discuss the differences between simple moving averages and exponential moving averages (And I explain which one I use for my trading).
Then we dive into the most popular settings for moving averages and most importantly, how to properly use them.
I have one scenario called the "phantom zone" that most traders don't identify and it's where you'll find much tougher trading.
We review the charts to find "easier" trades and point out the differences between chart reading and taking it to higher level by reading the tape.
Pete
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