Jump to content
  • 0

200 MA on a daily chart


Guest Tim Ricketts

Question

5 answers to this question

Recommended Posts

  • 0

Most kind @TrendFollower, I'm happy to provide an answer if I can though admit I don't always get it right, would probably cost IG a fortune in compensation if they were actually paying me. The key with a new platform (and indicator for that matter) is to get on demo and play around to your hearts content, click everything, change everything, then change it all back, then change it all over again. Then start playing around with the dealing side, put ludicrous trades on just to see what happens, it's great fun.

  • Like 1
Link to comment
  • 0

Very true @TrendFollower, the 200 day MA is probably the gold standard indicator especially for stock traders but is important in most other markets as well. I saw a poll on favourite indicators for stock traders recently and the humble MA was the easy winner.

It tells direction, trend, momentum, force, speed and, as you say, can act as support and resistance because it is used by so many traders (and algos).

Just looked at that pic above again and compared it to the MA I'm currently playing about with.

This one has 40 odd different settings just for the 'Price to use' box alone. Hog's heaven. >>

image.thumb.png.9a096987240f9eb64980be00d6fa5259.png

  • Like 1
Link to comment
  • 0

Thanks both - can I just reiterate thanks to @Caseynotes and @TrendFollower, both of whom are very helpful in supplying assistance to other community members, market updates, and trade ideas :) For those unaware we will always try and be as transparent as possible, where all employees of IG have 'staff' or 'administrator' against their names (in red) and generally have 'IG' in their forum names. 

Thanks again fellas. 
 

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      22,987
    • Total Posts
      95,310
    • Total Members
      43,595
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    Mamzy
    Joined 23/09/23 05:19
  • Posts

    • Bitcoin and other major crypto experienced a dip in value on Thursday, erasing gains made earlier in the week. The decline came after the Federal Reserve signaled that interest rates would remain high for an extended period, with Bitcoin retreating 2.3% to $26.5K. Despite the bearish pressure,  the founder and CEO of Bitcoin joint mining company Xive,  Didar stated that the stagnant rate increase is positive for Bitcoin. He suggested that this could reduce the attractiveness of mainstream financial assets to institutional investors in the long term, potentially driving a new rally in Bitcoin's price. Major altcoins and exchange tokens also struggled on Thursday, with ETH changing hands at $1,585, down about 2.6% from Wednesday. Other altcoins such as BNB and BGB also experienced losses. Despite these challenges, some analysts believe that Bitcoin is likely to remain within its recent range between $25,000 and $30,000. Riyad from digital asset data platform Kaiko, noted that the market needs a catalyst to mount any serious rally.  What are your thoughts? 
    • Traditional banking systems served as the gatekeepers of financial services for long, dictating how people access loans, save, and invest in opportunities. Typically controlled by a centralized system with a single authority such as a bank or government in total charge, this centralization is limited by high fees, restricted accessibility and slow transaction speed. Dentralized finance, DeFi, got introduced as a blockchain-based financial system that removes intermediaries or central authorities, and utilizes smart contracts instead. By eliminating intermediaries, DeFi delivers core benefits like improved accessibility into the financial system for everyone having internet connection regardless of their location. DeFi is also valued for its transparency. While traditional banking system often deny customers audits on how their assets are being managed, DeFi, through the help of blockchain allows anyone access to tracking and auditing transactions, thereby raising trust. Furthermore, DeFi also offers various financial services and products like DEX, lending and borrowing, stablecoins etc, all known to proffer varied innovative solutions, while operating 24/7 in contrast to traditional finance. DeFi isn’t flawless as issues like insecurity, lack of consumer protection etc are still prevalent; however, the growth of DeFi has been impressive; since its introduction, the total value locked in DeFi protocols has grown significantly indicating that the demand for DeFi services is fast growing. DeFi seems to be redefining financial industry by offering an alternative to traditional banking systems. With the increasing adoption, can we expect to see an overhaul in the way we access financial services?        
    • Leverage is good but please use it according to your risk management system coz the higher the leverage the higher the risk, I trade my perpetual futures on Bitget tho, the exchange offers high leverage but I only use according to my risk management system.
×
×
  • Create New...
us