Moving averages are among the most popular and widely-used technical indicators in the world of trading. These versatile tools help traders identify trends, generate signals, and make informed decisions.

In this guide, we’ll explore the fundamentals of moving averages in TradingView, discuss various moving averages, and provide step-by-step instructions on setting them up in your charts.

Understanding Simple and Exponential Moving Averages

Before we dive into the setup process, let’s start with the basics and define two key types of moving averages: Simple Moving Average (SMA) and Exponential Moving Average (EMA).

Simple Moving Average (SMA)

• What is SMA? A Simple Moving Average (SMA) calculates the average price of a financial instrument over a specified period. It’s called “simple” because it gives equal weight to all price data points within the period.
• How is SMA used? SMA is used to identify trends and potential areas of support and resistance. When the price is above the SMA, it indicates a bullish trend; when it’s below, it suggests a bearish trend.

Exponential Moving Average (EMA)

• What is EMA? An Exponential Moving Average (EMA) is similar to SMA but gives more weight to recent price data, making it more responsive to price changes.
• How is EMA used? EMA is commonly used to identify short-term trends and price reversals. It can provide earlier signals compared to SMA due to its sensitivity to recent data.

Differences Between SMA and EMA

• SMA is a straightforward average that treats all data points equally, while EMA prioritizes recent data and reacts faster to price changes.
• SMA provides a smoother line that may be useful for identifying long-term trends, while EMA is more suitable for capturing short-term price movements.

Setting Up Moving Averages in TradingView

Now that we’ve covered the basics, let’s explore how to set up moving averages in TradingView.

Step-by-Step Guide

• Open a chart in TradingView and select the financial instrument you want to analyze.
• Click on the “Indicators” button at the top of the chart.
• Search for “Moving Average” in the search bar, and you’ll see various moving average options.
• Choose the desired moving average type (e.g., “Simple Moving Average” for SMA or “Moving Average Exponential” for EMA).
• Customize the settings, such as the period and color, by clicking the gear icon next to the indicator.
• Repeat the process to add multiple moving averages to your chart if desired.
• If the indicator comes with too many lines by default, you can remove them by clicking on the settings icon on the chart and unchecking them in style.

Tips for Using Multiple Moving Averages

• Consider using moving average crossovers as trading signals. For example, when a short-term EMA crosses above a long-term EMA (9 and 26 periods, for example), it may signal a bullish trend.
• Experiment with moving average ribbons, which consist of multiple moving averages plotted together to analyze the strength and direction of a trend.

Exploring the Best Moving Average Indicators on TradingView

With various moving average indicators available in TradingView, how do you choose the best one for your trading style?

Best Moving Averages for Different Time Frames

• The best moving average for a daily chart depends on your trading objectives. Common choices include the 50-day SMA and 200-day SMA, often used to identify medium to long-term trends.
• For intraday trading, consider shorter periods such as the 9-day EMA or 26-day EMA to capture short-term price movements.

Factors to Consider

• Evaluate your trading style and objectives. Are you a short-term trader or a long-term investor?
• Consider market volatility and timeframe. Different moving averages may work better in different market conditions and time frames.

Additional Moving Average Indicators in TradingView

• Weighted Moving Average (WMA): Assigns different weights to each data point, with greater emphasis on recent data. Useful for capturing short-term trends.
• Hull Moving Average (HMA): Combines multiple weighted moving averages for a smoother and more responsive indicator. Often used to reduce lag and identify trend reversals.

TradingView Moving Averages | Bottom Line

Moving averages are essential for traders seeking to analyze trends and make informed decisions. TradingView offers a wide variety of moving averages, each with its unique characteristics and applications.

Whether you’re a novice trader or an experienced investor, understanding and utilizing moving averages can significantly enhance your trading strategy. You can also check out our article comparing MA vs. EMA vs. SMA for more information.

Other TradingView Indicators

As you embark on your trading journey, we encourage you to explore the diverse world of indicators on TradingView, with others, including the volume profile and the Ichimoku clouds.

Get a TradingView Discount

For traders seeking to elevate their trading experience, TradingView usually offers a fantastic opportunity for new users to explore its premium features with a 30-day trial.

This trial period grants you access to various advanced tools and indicators, including the coveted Volume Profile indicator. When you use my referral link, you will also get a discount on your subscription.

This article contains affiliate links I may be compensated for if you click them and make a purchase.

Gold and silver are two good options when it comes to investing in precious metals. Whilst volatility does exist they are generally viewed as strong assets that can offer an additional level of diversification for your portfolio. 

Here we take a look at the similarities and differences of the two precious metals in detail, helping you make an informed decision about whether to invest in either or both of them.

Similarities between Gold and Silver

Before jumping into the differences between gold and silver, it would be good to take a look at some of the similarities between gold and silver:

• Effective against inflation: One of the main benefits includes their resilience against inflation, with the ability to maintain or increase their value. In the past they have increased value in turbulent times, bringing plenty of evidence that they are resilient in these times. Focus on the user mentions that gold has risen by an average of 14.9% during high inflation years since 1971. 

• Precious metals: They both belong to the precious metals category, which notices their rarity, economic value and key investment value. They are both pure metals (as well as platinum), meaning they contain no iron and cannot rust. 

Keep on reading to find out what the differences are between the two metals:

Difference 1: Gold is better for liquidity

One of the main differences is the fact gold is better for liquidity. Gold tends to rise when mainstream assets decline, which is one of the main reasons investors turn to gold during economic downturns. Meanwhile, silver is tied to the health of the overall economy or business cycle. Therefore if the market and economy is performing well then some investors may decide to invest in silver.  

Silver is also estimated to hit a 10 year high and outperform gold according to CNBC.

Difference 2: Silver is more volatile than Gold

Another difference is that silver is more volatile than gold, meaning when the price does move it can move considerably. This represents an opportunity for investors looking to grow their allocation but for those looking for more stability in precious metals, having a larger allocation in gold may be the way to go. 

Difference 3: Silver is more affordable

One of the other ways that gold and silver differ is in terms of pricing. Per ounce silver is cheaper, making it more accessible to smaller retail investors who wish to own metals as physical assets. This price difference is mainly down to scarcity. Gold is much rarer than silver and this imbalance in supply and demand between the two metals leads to a large gap in the price. 

Difference 4: Gold is VAT Free

Gold is actually VAT free, in comparison to silver and platinum which have the VAT cost attached. This makes gold a popular choice amongst investors as it can represent better value for money. 

It is worth noting that when bought through specific vaulted/stored methods, silver can also be VAT free, but when purchasing physical bullion and storing at home, will be subject to the tax. 

The key difference and biggest cost factor between vaulted silver and holding smaller units at home, is that coins and small bars incur VAT and shipping costs, as well as being costly to add to home insurance.

Investment silver in the form of ‘Good Delivery’ bars stored and insured at low-cost in an LBMA-member vault is exempt from VAT and saves silver investors 20% in the UK even before any price spreads are taken into consideration.

What does this mean for your portfolio? 

Overall, it is clear there are multiple differences between both gold and silver, with both bringing benefits based on your investment requirements. Buying effectively also means looking at the method you chose to invest in precious metals. Vaulted silver storage options like BullionVault give you the opportunity to buy at the cheapest possible price and investing in physical silver through vaults is VAT free. Make sure you do the proper research before committing large portions of your portfolio to any one metal. 

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This content is for informational purposes only and should not be taken as financial advice. Always consult a professional before making any investment decisions. Remember that investing involves risks and is not suitable for everyone. Past performance is not indicative of future results.

Who is Meet Kevin

Most people know Kevin Paffrath by his YouTube name Meet Kevin.

He posts real estate and personal finance videos on YouTube, and sells an investing course that gives access to a private Discord group and daily live streams.

What is Meet Kevin’s Net Worth in 2024

Meet Kevin’s net worth in 2024 is estimated to be $60 million.

That number will likely increase as he continues to make money on YouTube and online courses.

How Did Meet Kevin Make His Money

Meet Kevin got his real estate license at a young age, which led to troubles trying to start his business.

Instead, he bought a house in foreclosure, fixed it up, and flipped it, which ignited his real estate career.

Meet Kevin has also made over $8 million from his online investing courses.

Kevin has several courses available, including one that teaches you how to trade on the stock market using advanced strategies and technical indicators.

Disclosure: This post contains affiliate links from Amazon and TradingView. As an Amazon Associate, I earn from qualifying purchases. This means that if you click on these links and make a purchase, I will receive a small commission at no extra cost to you.

How Many Properties Does Meet Kevin Have?

Meet Kevin now owns over 20 properties in the Los Angeles area and a few others worldwide.

His investment property portfolio is worth around $22 million.

How Much Does Meet Kevin Make on YouTube

Most of Meet Kevin’s net worth comes from his YouTube channel, earning about $5 per 1,000 views.

Considering how many videos he has posted, he has a lot of YouTube money rolling in.

Meet Kevin’s Wife

Kevin met his wife, Lauren, at a young age while she was living in California. Her parents are a real estate couple, which worked perfectly for Kevin.

How Old is Kevin Paffrath

Kevin was born on 08/10/1990, making him 34 years old as of October 2024.

Books Recommended by Meet Kevin

Meet Kevin recommends several books on his Amazon shop that teach you about the mindset skills needed to achieve wealth.

He says the key to building wealth includes principles, mindset, logic, and fundamentals.

Blink: The Power of Thinking Without Thinking

• Explains how people can make accurate judgments and decisions quickly by relying on limited information, or “thin-slicing.”
• Encourages readers to trust their intuition, acknowledging that it can sometimes lead to better decisions than over-analyzing situations.

Start with Why: How Great Leaders Inspire Everyone to Take Action

• Introduces the concept of the Golden Circle, which emphasizes the importance of starting with a clear and inspiring purpose (the “why”) before defining the “how” and “what” of a business or idea.
• Demonstrates how successful organizations and leaders inspire action by focusing on their purpose and communicating it effectively to others.

The Snowball: Warren Buffett and the Business of Life Abridged on 8 CDs

• Provides insights into Warren Buffett’s value investing approach, which involves buying undervalued stocks and holding them for the long term.
• Chronicles Buffett’s life and career, highlighting the importance of learning from failures and setbacks to achieve long-term success.

The Tipping Point by Gladwell, MalcolmThe Tipping Point by Gladwell, Malcolm

• Examines how small actions and changes can lead to widespread, large-scale change, or “social epidemics.”
• Identifies three types of individuals (connectors, mavens, and salesmen) who play key roles in spreading ideas and driving social epidemics.

Irrational Exuberance: Revised and Expanded Third Edition

• Analyzes the causes and consequences of market bubbles and how they can lead to financial crises.
• Explores the role of human psychology and behavior in shaping market trends, challenging the notion of perfectly rational markets.

Freakonomics: A Rogue Economist Explores the Hidden Side of Everything

• Demonstrates how incentives drive human behavior and shape societal outcomes, often in unexpected ways.
• Uses creative data analysis to challenge conventional wisdom and reveal surprising insights about a wide range of topics.

The Sociopath Next Door

• Reveals that sociopaths make up about 4% of the population, demonstrating the importance of recognizing their traits and behaviors.
• Provides guidance on how to protect oneself from the manipulation and deceit of sociopaths in personal and professional relationships.

Atomic Habits: An Easy & Proven Way to Build Good Habits and Break Bad Ones

• Argues that making small, incremental improvements to daily habits can lead to significant long-term results.
• Introduces a four-step process for creating and maintaining habits: cue, craving, response, and reward.

Talking to Strangers: What We Should Know About The People We Don’t Know

• Examines how humans often misinterpret the intentions, emotions, and actions of strangers, leading to misunderstandings and conflicts.
• Explains the concept of “default to truth,” in which people tend to assume others are being honest and transparent, making them vulnerable to deception.

Principles: Life and Work

• Presents a comprehensive set of principles for personal and professional success based on the author’s own experiences and observations.
• Emphasizes the importance of embracing radical transparency and open-mindedness in decision-making and communication within organizations.

From the Ground Up: A Journey to Reimagine the Promise of America

• Chronicles the story of Starbucks and its emphasis on social responsibility, highlighting the role businesses can play in creating positive change.
• Shares valuable leadership lessons and insights on fostering an inclusive, purpose-driven company culture.

The Wolf of Wall Street

• Recounts the author’s experiences as a stockbroker, providing a cautionary tale about the dangers of unchecked greed, excess, and corruption in the finance industry.
• Chronicles the author’s journey of redemption and reinvention, emphasizing the importance of learning from mistakes and taking responsibility for one’s actions.

I Will Teach You to Be Rich, Second Edition: No Guilt. No Excuses. No BS. Just a 6-Week Program That Works

• Provides a practical, step-by-step guide to mastering the basics of personal finance, including budgeting, saving, investing, and debt management.
• Encourages readers to develop a long-term financial plan and cultivate good money habits to achieve lasting wealth and financial security.

Primalbranding: Create Belief Systems that Attract Communities

• Introduces the concept of “primal branding,” which focuses on creating powerful brand stories and belief systems to connect with customers and build strong communities.
• Identifies seven essential elements of successful brands, including creation story, creed, icons, rituals, sacred words, nonbelievers, and leaders.

Seven Stories Every Salesperson Must Tell

• Emphasizes the importance of storytelling in sales to build trust, engage prospects, and close deals.
• Outlines seven types of stories that every salesperson should master, including personal stories, company stories, and customer success stories.

I Know How She Does it: How Successful Women Make the Most of Their Time

• Shares time management strategies and insights based on the experiences of successful women, demonstrating how to make the most of one’s time.
• Challenges conventional wisdom about work-life balance, arguing that it is possible to achieve success in both professional and personal spheres by focusing on priorities and making conscious choices.

The Rational Optimist: How Prosperity Evolves

• Argues that human progress and prosperity are driven by innovation, trade, and the exchange of ideas.
• Presents an optimistic outlook on the future of humanity, demonstrating how past challenges have been overcome and why current global issues can also be resolved.

Factfulness: Ten Reasons We’re Wrong about the World–And Why Things Are Better Than You Think

• Debunks common misconceptions about global progress and development, showing that the world is actually improving in many areas.
• Encourages readers to adopt a fact-based worldview and critically evaluate information, leading to a more accurate understanding of the world and its challenges.

You can find the full list of Meet Kevin’s books on his Amazon page.

Before you go

If you want to keep educating yourself about personal finance, you must check out these posts as well:

What is the Most Successful Options Strategy

Options Trading for Income: The Complete Guide

Mark Minervini’s Trading Strategy: 8 Key Takeaways

The Best Options Trading Books

TradingView Pricing Guide

The Best Laptops and Computers for Trading

The Best Monitors for Trading

How to Get a TradingView Free Trial

The Best TradingView Indicators

The Best Keyboards For Trading

What is Rich Dad Poor Dad, and Why Should You Read It?

If you are looking for a book that can teach you how to achieve financial freedom and wealth, you may have heard of Rich Dad Poor Dad by Robert Kiyosaki and Sharon Lechter. This book is a personal finance classic that has sold over 32 million copies worldwide and has been translated into 51 languages. Many influential figures, such as Oprah Winfrey, Will Smith, and Donald Trump, have praised it.

Disclosure: This post contains affiliate links from Amazon and TradingView. As an Amazon Associate, I earn from qualifying purchases. This means that if you click on these links and make a purchase, I will receive a small commission at no extra cost to you.

But what is Rich Dad Poor Dad about, and what makes it so popular? The book’s main premise is to compare and contrast the financial philosophies of two father figures: the rich dad and the poor dad. The rich dad is Kiyosaki’s biological father, who was a highly educated and successful businessman. The poor dad is Kiyosaki’s best friend’s father, who was a well-paid but struggling employee.

The book shows how the rich dad and the poor dad had different attitudes and behaviors toward money, which resulted in different levels of wealth and happiness. The book also reveals the main goal of the rich dad, which was to help Kiyosaki develop financial literacy and acquire assets that generate passive income. The book aims to help readers do the same by teaching them the secrets of the rich that are not taught in school.

A Brief Summary of Each Chapter

The book consists of six chapters, each covering a different aspect of financial education and wealth creation. Here is a brief summary of each chapter:

Chapter 1: The Rich Don’t Work for Money

• This chapter explains how the rich dad taught Kiyosaki the difference between working for money and having money work for you. It also introduces the concept of the cash flow quadrant, which shows four ways of generating income: employee, self-employed, business owner, and investor. The chapter emphasizes the importance of becoming a business owner or an investor, as they are the ones who benefit from tax advantages, leverage, and passive income.

Chapter 2: Why Teach Financial Literacy?

• This chapter discusses how financial literacy is the key to building wealth and achieving financial freedom. It also defines what an asset and a liability are and how they affect your cash flow. The chapter stresses the importance of acquiring assets that produce income, such as real estate, stocks, bonds, or businesses. It also warns against acquiring liabilities that consume income, such as cars, clothes, or gadgets.

Chapter 3: Mind Your Own Business

• This chapter encourages readers to mind their own business, which means focusing on building their assets instead of working for someone else’s business. It also explains how the rich dad taught Kiyosaki to use his spare time and money to invest in his own education and business ventures. The chapter advises readers to start small and learn from their mistakes.

Chapter 4: The History of Taxes and the Power of Corporations

• This chapter reveals how the rich use taxes and corporations to increase their wealth and reduce their expenses. It also traces the history of taxes and how they were originally imposed on the rich to help the poor. However, over time, the rich learned how to use corporations to avoid paying taxes and shift the burden to the poor and the middle class. The chapter teaches readers how to use corporations to protect their assets and reduce their taxes legally.

Chapter 5: The Rich Invent Money

• This chapter illustrates how the rich invent money by creating opportunities and solving problems. It also shows how the rich dad taught Kiyosaki to develop his financial intelligence and creativity by playing games such as Monopoly and chess. The chapter challenges readers to think outside the box and look for ways to make money in any situation.

Chapter 6: Work to Learn – Don’t Work for Money

• This chapter emphasizes the importance of learning new skills and acquiring knowledge to help you succeed financially. It also explains how the poor dad advised Kiyosaki to pursue a secure job with good benefits, while the rich dad encouraged him to seek jobs that offered learning opportunities. The chapter advises readers to work to learn rather than work for money and to seek mentors who can guide them along their financial journey.

Key Lessons and Insights from Rich Dad Poor Dad

Rich Dad Poor Dad is a book that can teach you many valuable lessons and insights about money, wealth, and success. Here are some of the key ones:

• Money is not the root of all evil; ignorance is. Many people have negative beliefs and emotions about money that prevent them from achieving financial freedom. To overcome this, you need to educate yourself about money and develop a positive attitude toward it.
• You don’t need money to make money; you need financial intelligence. Many people think that they need a lot of money or a high-paying job to become wealthy. However, what they really need is financial intelligence, which is the ability to understand how money works and how to use it effectively.
• The rich don’t work for money; they make money work for them. Many people trade their time for money by working for someone else’s business. However, this limits their income potential and makes them dependent on their employer. To become wealthy, you need to create your own business or invest in other people’s businesses that generate passive income for you.
• Assets put money in your pocket; liabilities take money out of your pocket. Many people confuse assets with liabilities, thinking things like cars or houses are assets. However, an asset is anything that produces income for you, while a liability is anything that consumes income from you. To build wealth, you need to acquire more assets than liabilities.
• Your mind is your most powerful asset; use it wisely. Many people have limiting beliefs or fears that hold them back from achieving their financial goals. However, your mind is the most powerful asset that can help you overcome any obstacle or challenge. You need to use your mind wisely by feeding it with positive thoughts, information, and experiences.

Pros and Cons of Rich Dad Poor Dad

Like any book, Rich Dad Poor Dad has its strengths and weaknesses that may appeal to or repel different readers. Here are some of the pros and cons of this book:

Pros:

• It is inspirational: The book has a motivational tone that can inspire readers to take action toward their financial dreams. It also shares real-life stories and examples that can resonate with readers.
• It is simple: The book uses simple language and concepts that anyone can easily understand, regardless of their educational background or financial situation.
• It is practical: The book provides practical tips and advice that anyone can apply regardless of income level or location.

Cons:

• It is oversimplified: The book tends to oversimplify complex financial concepts or situations that may not apply to everyone or every scenario.
• It is unrealistic: The book presents some scenarios or strategies that may not be realistic or feasible for most people or in today’s economy.
• It is controversial: The book makes some claims or statements that may be controversial or questionable in terms of accuracy or ethics.

Review Quotes and Book Summary

If you are still not convinced whether Rich Dad Poor Dad is worth reading or not, here are some quotes from reputable sources that review or endorse this book:

• “Robert Kiyosaki has challenged conventional wisdom with his insights on achieving economic freedom.” – Forbes
• “Rich Dad Poor Dad will…explode some myths about wealth creation.” – Business Insider
• “A must-read for anyone looking for financial advice.” – The Wall Street Journal

To summarize what this book offers you as a potential reader:

• Rich Dad Poor Dad is a personal finance classic that compares and contrasts two different approaches to money management: one based on security and conformity (the poor dad) and one based on freedom and innovation (the rich dad).
• The book teaches you how to develop financial literacy and acquire assets that generate passive income for you.
• The book challenges conventional wisdom about saving money, investing, and debt risk.
• The book encourages you to adopt a rich mindset which seeks opportunities and leverages other people’s money.
• The book helps you achieve financial freedom by developing financial literacy.

How Rich Dad Poor Dad Can Change Your Life

Rich Dad Poor Dad is a book that can change your life if you are willing to learn from it, apply its principles, and take action toward your financial goals.

The book can help you:

• Understand how money works and how to use it effectively.
• Build your own business, invest in other people’s businesses. and generate passive income.
• Acquire more assets than liabilities to increase your cash flow.
• Use your mind wisely to overcome limiting beliefs.
• Achieve financial freedom to live life on your own terms.

We also have an article that lists Robert Kiyosaki’s books in order you can read as part of your research.

This article contains affiliate links I may be compensated for if you buy Rich Dad Poor Dad.

Candace Owens Net Worth – $5 Million

What is Candace Owens’ Net Worth?

Candace Owens boasts an impressive net worth of $5 million, primarily earned through her influential work in political activism, writing, and talk show hosting. Owens’ dedication to her career has seen her make upwards of $200,000 annually, notably during her time at Turning Point USA.

Family Background

Candace Owens tends to keep details of her family background private, and little is known about her parents. She is married to George Farmer, a fellow conservative figure, and together they form a prominent pair in the political landscape.

Early Life and Education

Owens’ early years were spent in Stamford, Connecticut, where she faced her fair share of challenges, including racial discrimination. Educationally, she pursued a major in journalism at the University of Rhode Island but ultimately left before completing her degree.

Career Beginnings

Candace Owens initially ventured into the world of fashion with an internship at Vogue magazine in New York City. She later transitioned to the corporate world, landing a role as an administrative assistant at a private equity firm, where she quickly advanced to the position of vice president of administration.

Liberal to Conservative

A critical turning point in Owens’ life was her political transition from liberal to conservative. Influenced by key events and personal experiences, including online controversies and doxing, Owens embraced conservative ideology and became an outspoken advocate for conservative values.

Conservative Activity

Owens’ contributions to the conservative movement include her ardent support for Donald Trump, her involvement with Turning Point USA, and her work with The Daily Wire. Hosting her political talk show “Candace,” Owens actively promotes conservative values and challenges mainstream narratives.

Political Views

Candace Owens is known for her far-right conservative beliefs and openly criticizes movements like Black Lives Matter. She opposes abortion and feminism while advocating for conservative principles. Her strong and often controversial stances have made her a polarizing figure in the political arena.

Christchurch Massacre

The Christchurch mosque massacre in New Zealand brought Owens’ name to international attention when the shooter mentioned her in his manifesto. Owens was quick to condemn the attack and formally denied any connection to the shooter.

Personal Life

Owens’ personal life includes her marriage to George Farmer, with whom she shares a family. Beyond her political career, Owens actively engages in various political and social initiatives and remains a powerful voice in the conservative community.

Candace Owens’ Net Worth | Bottom Line

Candace Owens’ journey to prominence has been marked by both challenges and successes. With a net worth of $5 million and a platform that reaches millions, Owens remains an influential figure in the political landscape, known for her unwavering commitment to her beliefs and values.