Relative Strength Index lies in the range of 0 to 100, and if the value is 30 or below, the market is said to be oversold, and the prices are likely to move upwards at this point. There are some individuals who interpret this situation as a trend reversal signal, which signifies a purchasing opportunity. If the value is 70 or more, the market is overbought, and the prices are … [Read more...] about Relative Strength Index and… – Top 5 Charts for You
Trading Strategies: An Introduction Trading the forex can be deemed as a daunting task as only a few are able to succeed. It is undoubtedly not a get rich scheme but is a mixture of constant struggles and efforts that includes managing your risk, psychology, and trading strategy. Those who begin their path in dtrading are sometimes let astray by the hundreds of … [Read more...] about Price Action Strategy: Breaking it Down from Weekly to M15
Moving averages allow traders to negate the disturbance related to anomalies and highlight persistent trends in the market. Due to the volatile characteristic seen in the prices of stocks, players in the market are always on the lookout for something that helps them decrease the chances of risk and enhance the possibility of making profits. By making proper application of … [Read more...] about Moving Average: Top 5 Charts You’ve Missed
Today, traders are looking for smart trading strategies to earn large profits on a regular basis. Every Forex trader must place a high emphasis on market trends, and the price channel technique provides an easy and effective way to analyze the price behavior in Forex. While trading in Forex, trend lines do not often tell you everything you need to know. Channel … [Read more...] about Trade a Channel using These Four Simple Yet Effective Ways
In the 1970s, Gerard Appel, the illustrious founder of the New York-based asset management company Signalert, invented MACD. Even today, technical analysts swear by this indicator to study trends in trading. In trading, predicting trends is the most important thing, as it helps you to make a substantial amount of money. Learn how to use this tool for identifying Forex … [Read more...] about How to Use the MACD Indicator for Forex Trends?