Pipruit: I see. Thanks, Commander. But still, will you tell me something more interesting about MAs? Commander in Pips: Yes, we will discuss interesting parameters for MAs – forward displacing, but not in this part. Here I just want to point some thoughts from my own experience: 1. I do not see any big advantage of EMA compared to SMA in real application and vice versa. Although the theoretical basis, that we’ve discussed exist. Hence, according to my rule to keep all as simple as possible I use SMA; 2. If we say “fast” MA – it means that MA has a lower period number and if we say “slow” MA – then it has a longer period number. 3. I suppose that Displaced simple moving averages the most suitable for using on real market. And I offer you to start with them in the next part of this chapter. P.S. This lesson was written by Sive Morten, who has been working for a large European Bank since April of 2000, and is currently a supervisor of the bank's risk assessment department. Sive's knowledge of forex market and banking industry is vast and quite complete. If you have any specific questions about forex, banking industry, or any other financial instruments, please post them on the next page and Sive should answer soon. Note: FPA ranks are earned in the battles against scam, not in the classroom.