Technical indicators can seem a bit overwhelming at first, so this week Alison and Chris take a closer look at the most popular technical indicators used in short-term Forex trading and discuss how to use them effectively. Also discussed are how to know when to use the right indicator, and how to avoid the common mistakes traders make when using them.
Links:
How to use the 200 day Moving Average: https://youtu.be/r-zo-3sRr64 What are Moving Averages: https://youtu.be/DOtRb7CQ8ms What is the Relative Strength Index (RSI): https://youtu.be/6f2nkM_s2i4 Average True Range: Measure volatility and minimise risk: https://open.spotify.com/episode/76ojbdBS96CmjC3AvV9TpB
DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.
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