Moving Averages have been around for decades and is certainly one of the most basic tools in technical analysis. This is another indicator widely used in the Forex world. We should point here that this indicator is a lagging indicator and in no case predicts trend. A cross of different moving averages may help a trader to confirm the trend. They may also be used as support and resistance level.
This lesson will give you an insight of how moving averages are used (the proper way), and which type you may want to have on your charts while trading. It also provides you with some extra tips on other indicators that may be best used in conjunction with the moving averages.