Archive for March, 2009

Relative Strength Index (RSI) in Forex

The Relative Strength Index (RSI)
The relative strength index is a popular oscillator devised by Welles Wilder. The RSI measures the relative changes between the higher and lower closing prices.

The formula for calculating the RSI is:
?5/=100-[100/(1+RS)], where
RS - (average of X days up closes/average of X days down closes);
X - predetermined number of days The [...]

How To Monitor Active Forex Trades?

How To Monitor Active Forex Trades?
Monitoring active trades is not as easy it sounds. In this article I’ll take you through several ways of doing it effectively:
No matter what trading style you use it always pays off to watch and monitor your trades once you have placed them. There are several way of doing it [...]