Hi Share, Time for lesson six in the exclusive MarketClub email course -- "The Secrets of Professional Floor Traders": Lesson 6 - The Relative Strength Index One of the most useful tools employed by professional technical traders, the Relative Strength Index (RSI) is a momentum oscillator which measures the velocity of directional price movement. Put simply, when used correctly, it's perfect for pinpointing divergences -- which makes it an ideal tool for spotting turning points in the market just before they unfold. Today's lesson can be viewed here: Lesson 6 - The Relative Strength Index Yours for bigger wins more often, Adam Hewison President, INO.com Co-creator, MarketClub P.S. In your next lesson I'll demystify one of the most popular technical indicators out there - Stochastics. It's one you'll definitely want to take a look at. About the author: Adam Hewison is a former floor trader and past member of several major exchanges, including the International Monetary Market (IMM) a division of the Chicago Mercantile Exchange in Chicago, Index and Options Market(IOM) Chicago, New York Futures Exchange (NYFE) and The London Financial Futures Exchange (LIFFE). Adam is the author of "Right on the Money: The Definitive Guide to Forecasting Foreign Exchange Rates" and numerous other financial ebooks and web videos. His latest project, MarketClub is a new website dedicated to catching big moves in the markets using Adam's "Trade Triangle" approach. MarketClub can be viewed at http://www.marketclub.com/ |
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