What is it? The Moving Average Convergence Divergence, also known as MACD, is a trend following and momentum indicator that is based on the relationship between two moving averages. How is it calculated? It is calculared by substracting the 26 day Exponential Moving Average (EMA) from the 12 day EMA and plotting it, that's the MACD; then another 9 day EMA is plotted and it is called the signal line. How to use it: There...
What happened is that I opened a Suretrader Account and tried out daytrading. The result? Well, lets say that daytrading is not for me at the moment and I'm switching back to Swing Trading. Finding out what trading style is best for you is one of the most important steps to building a successful trading career. Finding out that Daytrading is probably not for me was a costly but important lesson. You can clearly see...
