RSI INDICATOR FOR NEWBIE TRADERS || IQ OPTION

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RSI INDICATOR FOR NEWBIE TRADER IN IQ OPTION TO GET MAXIMUM PROFIT

I will give the tips to get profit in iq option by using RSI indicator but before it you must understand whether is RSI .



Relative Strength Index ( RSI )

Relative Strength Index ( RSI ) is one of the popular indicators that is often relied on. Since its creation by Welles Wilder in 1978, this indicator is used in trading in all types of markets, RSI also popular as a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset. The RSI is displayed as an oscillator (a line graph that moves between two extremes) and can have a reading from 0 to 100.

Indicator

Indicator is a tool or tools that provide data from the results of certain formula calculations to measure and assess market conditions so that traders can predict the next market direction. In the world of forex trading, the term indicator is better known as the forex indicator. Well, one of them is the RSI indicator.



I will show the tips use the RSI when the line reads above the 70 scale it means the market is overbought and when it is below the 30 scale it means the market is oversold. The first you set the RSI 70 and 30 before you trade. When the line touch or cross the line above the 70 scale you open sell position and when the line get the 30 scale you do open buy position, but you must be patient wait the moment till perfectly.



I will make you sure  the RSI indicator is useful for newbie trader you can check my video here how to to play by RSI indicator.

Goodluck :)