13th December 2018 contacttf
The term "currency trading" can mean different things. ... These articles, on the other hand, discuss currency trading as buying and selling currency on the foreign exchange (or "Forex") market with the intent to make money, often called "speculative forex trading".

After cycling through my currency list, I noticed that I missed the GBPJPY sell opportunity.

As with most of my trades, I normally get a retracement back to my entry level.

I decided to take a quick dip.

I was aware that 1 hour and 4 hour charts indicate bullish outlook. Factoring this into my strategy, my vision was to trap any profits quicker than I do usually.

The Relative Strength Index (RSI), developed by J. Welles Wilder, is a momentum oscillator that measures the speed and change of price movements. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.




Leave a reply

Your email address will not be published. Required fields are marked *