The worst thing a trader can do is lose control while on a winning streak. This is where trading in the foreign currency market is similar to gambling. Players who do not know when to stop end up losing everything. This is what we call overtrading. It represents the biggest threat to traders and accounts for the number one source of losing money in markets.
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Relative Strength Index Explained
Relative Strength Index (RSI) is used to quantify the strength of the entire set of ascending movements in opposition to all descending movements within a given period of time. The following is the Relative Strength Index equation:
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How to Trade Successfully During Unstable Markets
Many buyers and sellers consider unstable markets to be a time of favorable conditions for trading. While large market variations can represent a great chance for profit, they can also mean losing a lot of money if you are not properly prepared. Unstable markets require traders to modify their approach. In this article, we will look at some important points to consider during volatile markets.
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