What is rsi in forex trading games


OANDA uses cookies to make our websites easy to use and customized to our visitors. Cookies cannot be used to identify you personally. To block, delete or manage cookies, please visit aboutcookies.org. Restricting cookies will prevent you benefiting from some of the functionality of our website. The RSI measures the relative changes that occur between higher and lower closing prices.

A:The relative strength index (RSI) is most commonly used to indicate temporary overbought or oversold conditions in a market. An intraday forex trading strategy can be devised to take advantage of indications from the RSI that a market is overextended and therefore likely to retrace.The RSI is a widely used technical indicator, an oscillator that indicates a market is overbought when the RSI value is over 70 and indicates oversold conditions when RSI readings are under 30.

Some traders and analysts prefer to use the more extreme readings of 80 and 20. trding As traders further their education of Technical Analysis, they will often begin a journey on the path of indicators. ln This is for good reason, because as a member of the oscillator family, RSI can help us determine the trend, time entries, and more.




What is rsi in forex trading games

What is rsi in forex trading games