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RSI Trading Basics
Swing traders look at the Forex market and attempt to buy currency pairs low in order to sell them at a later higher price. While swing trading strategies are popular, they completely rely on market timing. In order to help pinpoint their entries, traders can turn to a technical indicator. Today we will review the basics of the RSI (Relative Strength Index) indicator and how they can be used in conjuncture with a trending market. RSI is considered a classic oscillator similar to MACD, CCI or Stochastics. It is calculated by comparing an recent gains to recent losses that push the indicator up and down as it follows ... (full story)