RSI strategy for small loss big profit
RSI is very good strategy for limit our losses. It is widely used by big market players. Title: Understanding the Relative Strength Index (RSI) Strategy for Beginners Introduction : The world of trading offers a plethora of strategies, each with its unique benefits and drawbacks. Among these, the Relative Strength Index (RSI) strategy stands out as a versatile tool for assessing the strength and potential reversals in price trends. In this article, we'll delve into the history, advantages, and disadvantages of using the RSI strategy, making it an accessible read for beginners looking to enhance their trading skills. A Brief History of RSI : Developed by J. Welles Wilder Jr. in 1978, the Relative Strength Index was initially introduced in his book "New Concepts in Technical Trading Systems." Wilder's innovative creation aimed to provide traders with a clearer understanding of price momentum and potential overbought or oversold conditions. Over the years, RSI has becom