Exponential Moving Average! 📈(+ Trading Strategy)

What's the best indicator to use for Day Trading? In this Series we take a look at the Pro's and Con's of the most common indicators available on trading platforms today. In this first discussion on Indicators we look at the Exponential Moving Average or EMA. ******
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The Exponential Moving Average is a favorite among the day trading community because of its focus on the most recent data. Here we take a look at multiple different approaches to how you can incorporate the EMA in your trading. Indicators are a great way to confirm a prior thesis on a stock, it is important as traders we have multiple different points of reference when placing a trade. All strategies need to be back-tested and proven before taken live.

⏳ Outline:

0:00 - Intro
0:58 - What is the Exponential Moving Average?
3:50 - How to use the EMA to confirm trend
7:50 - Its important to understand that all indicators are lagging
8:40 - Why we as traders should never have just 1 reason to enter a trade
11:13 - How to use the EMA in combination with other data points as a reason to enter the trade
13:14 - Summary

Trading Software: https://daytradetheworld.com/trading-software/

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🔖 Useful Reading:
• How to Use the Exponential Moving Average (EMA) → https://www.daytradetheworld.com/trading-blog/exponential-moving-average/

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