Forex Trading Information

The RSI is an acronym for the relative strength indicator. This is one of the most popular indicators used in Forex and equity markets. It is a lagging indicator rather than a leading one, meaning that its purpose is to give information on current market conditions based on past data whereas leading indicators use past data to essentially predict what will happen next. The primary purpose of this indicator is to give one an idea of when the market is in extremely oversold or overbought conditions, which are typically ideal for correction in prices. Continue reading →

The more one learns about trading the more aware he or she should be of certain things that one should be careful not to do. The following is a crash course starting with the basics and dabbling with some of the more advanced. First of all it is very important to learn your keys properly. This will save you from making keystroke errors which could cost you hundreds or thousands of dollars. There is nothing more embarrassing than accidentally getting long instead of getting short in the market because of hitting the wrong key. If you have a serious devotion to learning to trade well, you will spend the necessary amount of time to learn your keys well Continue reading →