Apr 1st, 2011
RSI Indicator vs. Price Action
RSI is yet another popular indicator that many traders think will somehow “magically” give them some sort of insight that is not available elsewhere. This is simply an erroneous idea and we will dispel the “myth” of the RSI indicator by taking a real-time look at the daily chart of the EURUSD. Read on to see how the RSI fairs as an analysis tool vs. what is arguably the best forex system; price action.
Jul 26th, 2010
Support and Resistance Forex Trading Strategy
A thorough understanding of how to effectively use support and resistance is crucial for any aspiring professional forex trader. There are essentially 4 primary ways to implement support and resistance levels into your forex trading routine. The 4 primary support and resistance forex strategies include:
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