Welcome to another issue of Traderwave Weekly, a trading newsletter where I curate the most useful trading articles on the internet to share with you.
Hope you will enjoy all these fabulous reads and apply those knowledge along your journey to become a proficient and profitable trader!
Relative Strength Index (RSI) indicator is one of the most commonly used technical indicators by traders around the way.
Very often, traders who are lazy to do deeper analysis will use this indicator as a simple decision making tool to find potential time to buy or sell.
However, there are more ways to use RSI than simply a buy-sell signal tool.
In this article, the author shared 4 different ways to put the RSI indicator to good use, so head in and start learning how you can put to good use this technical indicator!
TRADING BEST PRACTICES
If you are not treating your trading like a business, you are basically using it as a form of entertainment.
But if you are serious about pursuing trading as a long term endeavour to provide you financial freedom, you have to start to treat it like how an businessman will treat his business.
In this wonderful article, the author broke down the similarities between trading and business and provided a very clear comparison of those elements of a successful business and trading.
If you are able to internalise this, I assure you that you will start approaching your trading differently, in a good way.
In a way, trading is like playing a competitive sport.
You are constantly interacting and competing with the other market participants like what a sportsman does in a sports event.
As such, there are many things that we can learn from top sportsmen to up our game in trading.
In this article, the author has kindly compiled 15 quotes from legendary sportsmen that you help you see long term profitable trading in another light.
If you are able to absorb those experiences and apply in your trading game, you might bring your trading psychology and competency to the next higher level.
Your weekly curation of the most useful trading articles
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- The True Nature About Trading The Financial Markets - August 4, 2020
- Are Fake Breakouts and Reversals Really Fake? - August 1, 2020
- Technical Analysis Is Used To Study Probability And Not Certainty - July 30, 2020