Friday 21 August 2009

Swing trading indicator: how much you know about RSI?


If you want to be just like this person that has so much money from nearly scratch, what? Who is this person? Are you kidding? This the the most famous person, Ben larden when he shaved his moustache.
Lol, yea, I am joking. It's Buffettsim, I will talk about RSI today because it's an important indicator of swing trading.
RSI is the relative strength indicator. This is an indicator that tells you if the level of currency pair was overbought or oversold. It's the right chance if the price level was overbought or oversold because that means the price would adjust to the right track.
Of course there are other indicators like RSI, these are called momentum indicator that will tell you the possible future when the momentum indicator shows a slow down or loss of speed. So it's quite effective to trace the future of price to analyze the momentum indicator such as RSI.

No comments:

Post a Comment