
Nowadays, every news resource is talking about inflation, economic articles are yelling about it. More and more people are getting confused with all the published information.
2019-11-11 • Updated
Before we consider RSI trading strategies, it’s worth beginning with the small definition of the RSI.
RSI (Relative Strength Index) is one of the oscillator indicators that is widely used by traders to determine reversal points. The main idea that you should keep in mind implementing different trading strategies is “if RSI rises above 70 bound, it means that the pair is overbought. If RSI falls below the 30 line – the pair is oversold.”
Let’s consider 2 simple trading strategies that you can use in your daily trading.
Strategy #1
Criteria:
Buy.
Steps:
Sell.
Steps:
Strategy #2 (the 50th candlestick)
Criteria:
Steps:
Tips: all traders know that signals of only one indicator don’t give 100% assurance. It’s always better to combine several indicators. And if you see that another indicator signals the reversal, it’s better to take that signal into consideration and maybe even close the position before the RSI gives a signal.
Making a conclusion, we can say that RSI is one of the most reliable indicators. You even may combine it with other indicators to create your own strategy!
Nowadays, every news resource is talking about inflation, economic articles are yelling about it. More and more people are getting confused with all the published information.
Most (if not all) traders want to rule the market. It would be perfect not to have a single loss, unwise decision, or emotional trade. Unfortunately, it is impossible to forecast every market movement and trade without mistakes.
I wish every asset would be like cryptocurrency, not because crypto can jump 100% a day and immediately after that slump by half of the growth (it is still funny, though).
The procedure is very straightforward. Go to the Withdrawal page on the website or the Finances section of the FBS Personal Area and access Withdrawal. You can get the earned money via the same payment system that you used for depositing. In case you funded the account via various methods, withdraw your profit via the same methods in the ratio according to the deposited sums.
Click the ‘Open account’ button on our website and proceed to the Personal Area. Before you can start trading, pass a profile verification. Confirm your email and phone number, get your ID verified. This procedure guarantees the safety of your funds and identity. Once you are done with all the checks, go to the preferred trading platform, and start trading.
If you are 18+ years old, you can join FBS and begin your FX journey. To trade, you need a brokerage account and sufficient knowledge on how assets behave in the financial markets. Start with studying the basics with our free educational materials and creating an FBS account. You may want to test the environment with virtual money with a Demo account. Once you are ready, enter the real market and trade to succeed.
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