Relative Strength Index Strategy in Forex Trading
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Relative strength index is a type of momentum oscillator that most pro traders use to check for trading opportunities. It was developed by J. Welles Wilder and what it does is that it measures the movement of the price. It has two decision points that can be critical spots for trading entries; overbought and oversold levels.
Relative strength index or commonly called RSI strategy, it is usually paired with other tools for reversal confirmations. Having your tools aligned as planned, you make your trades more solid and more profitable. It is always better to prepare ahead than to be caught up off guard when the market moves unpredictably. Please check the video to learn more. Happy viewing!