Forex Glossary

Relative Strength Index (RSI)

The Relative Strength Index (RSI) is a technical analysis indicator used in the financial markets to measure the strength of price movements of a security or asset over a certain period of time. The RSI is calculated using the average gain and loss of an asset over a given period, typically 14 days, and ranges from 0 to 100.

The RSI is used by traders to identify potential overbought or oversold conditions in the market. If the RSI is above 70, it is considered overbought, and if it is below 30, it is considered oversold. Overbought conditions suggest that the asset may be due for a price correction, while oversold conditions may suggest that the asset is undervalued and may be due for a price increase.

The RSI is a popular indicator for technical analysts and is commonly used in conjunction with other technical indicators and chart patterns to make trading decisions. It is important to note that like all technical indicators, the RSI is not perfect and should be used in combination with other forms of analysis to make informed trading decisions.

 

Related Terms

Piercing Line

A Piercing Line is a candlestick pattern that is used in technical analysis. This pattern consists of two candlesticks, with the second one piercing the first. The first candlestick is...

Rising Three Methods

The Rising Three Methods is a Japanese candle stick with a bullish continuation. There may be more candlesticks in this pattern, but there are always at least five candles. The...

On Neck

The On Neck is used in technical analysis to describe a candlestick pattern. The pattern forms when a long real body-down candle is followed by a small real bodied-up candle....
Copy Trading
  • Notice
  • Personal Info.
  • Trading Info.

A MUST READ!

We provide clients with a free automatic copy trading. You simply create a broker account with our recommended broker then use the broker's copy trade system to automatically receive trades on your account.

Our recommended broker is Vantage Markets. You must be using Vantage Markets if you want to copy our trades.

The next process will onboard you into our copy trade system. 

You are required to enter your Meta Trader (MT4) login details in this field

Since you do not have an account yet, you will be redirected to Vantage Market client registration portal. 

You are required to register an account, verify your account and make a deposit of at least $500. Once that is done, contact us via live chat, email or on whatsapp.

Click on the Get Started below to proceed.

[advanced_iframe src="https://flutterwave.com/pay/beomasterclass" width="100%" height="1000"]