Here is a nice graphic explaining the different types of moving average and how most traders and investors use those averages and which number averages they use. I personally look at moving averages but they are just one variable I look at. Moving averages and all the other indicators out there are derived from price, so they all LAG price. Price is king so that is what I focus on, but the moving averages can keep you out hot water and from forcing things. They have helped me become more patient, just another tool in the tool belt.
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