trend following

Trend following

Trend following

Many traders use the expression ‘The trend is your friend’, and there is much truth in that. Beginners in trading dream of ‘catching the turns’, thereby reaping the full benefit of a trade by buying exactly at the low point and selling exactly at the maximum profit. But if you…
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RSI

RSI

The Relative Strength Index or RSI is a momentum indicator that compares the magnitude of recent gains to recent losses over a period. RSI is usually used to assess whether a market is overbought or oversold. If you calculate RSI on a daily chart, it is done using the following…
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