Your comprehensive description of core concepts are enlightening.

A simple moving average (SMA) and an exponential moving average (EMA) are the moving averages used in trading to identify trend and smooth out price data.

That's true, they really help traders see trends more clearly by averaging out the price data. Both indicators are essential for understanding market direction and reducing short-term price fluctuations.

SMAs are typically used by long-term traders and investors in the market.

You are correct, long-term investors prefer SMAs because they respond more slowly to price changes, making them stable. This stability is useful for identifying broader market trends over longer periods.

Golden cross is interpret as a signal to buy.

Oh yeah, many traders look at the Golden Cross as a strong buy signal because it shows a potential uptrend. It indicates that a market is gaining upward momentum, suggesting a good time to enter a long position.

The best risk management is to calculate risk reward ratio.

That's a good point, knowing your risk to reward ratio is crucial for making smart trading decisions and managing losses. It helps traders set realistic targets and avoid unfavorable trades, ensuring better long-term success.

All the best.