4xPiP

Introduction The RSI (Relative Strength Index) is a popular technical indicator used in trading to analyze the strength and momentum of price movements in a financial chart, such as a stock, currency pair, commodity, or index. It was developed by J. Welles Wilder and introduced in his 1978 book, "New Concepts in Technical Trading Systems." The RSI is displayed as a line graph that oscillates between 0 and 100, with 70 and 30 as commonly used overbought and oversold levels, respectively. Advantages The RSI (Relative Strength Index) indicator offers several benefits to traders and investors as it helps in understanding market conditions and identifying potential trading opportunities. Some of the key benefits of the RSI indicator include: Overbought and Oversold Levels: The RSI provides clear overbought and oversold levels, typically set at 70 and 30, respectively. These levels help financial traders identify potential trend reversals in the price trend. When the RS

The trailing stop loss is a Financial Market strategy that allows traders to set a dynamic stoploss according to market direction and protect trades from losses. Once a trade has gone into profit for some pips, the stoploss is trailed near to the current price, if the price tries to reverse, the trade will be closed immediately in profit. Thus the trailing stoploss closes out a trade-in profit and provides an optimum exit point. Let’s take a look at the below picture for a better understanding of the Trailing stoploss strategy. Where to Use Trailing stoploss? The trailing stoploss is used in financial trading such as forex trading, cryptos, and stocks trading etc. The trailing stoploss is used where traders are unsure about how long the price will move and they could not decide Takeprofit level. The trailing stoploss is used where the market often reverses after some pips go into profit. The trailing stoploss is used when traders want to lock some profits so, that their trade does not