Understanding price action is simple. I am not talking about trading price action, but just reading it. I am referring to grasping what the market is doing right now. Price action results from the struggle between buyers and sellers. It is the footprint of the fight between the bulls and the bears. When you look at […]
Archives for April 2015
10 Quotes to Help You Trade Like Stoics
Have you gone through the trading cycle of trying and failing? If so, you know that a trader is never ruined by a lack of funds. You can always earn money from other sources to fund an empty trading account. Destructive emotions are what truly ruin a trader. If you feel frustrated with yourself, you can never […]
How to Use the Relative Strength Indicator (RSI) for Day Trading
J. Welles Wilder is a giant in the field of technical analysis. In “New Concepts in Technical Trading Systems”, he introduced an array of trading indicators. Now, these indicators are among the most popular. And one of them is the Relative Strength Indicator (RSI). The default RSI setting of 14 periods work well for swing traders. […]
