How To Use The RSI Indicator Trading Strategies In Olymp Trade
In the previous post, I have shown you how to effectively trade Fixed Time using signals of the RSI divergence . In today’s article, I will bring you one last piece of the puzzle to make this strategy the most effective. It is the 50 median line of the RSI indicator and how to use it Olymp Trade 免费模拟账户 in Olymp Trade.
50 line – the precise trend confirmation signal of RSI
For the majority of traders, when using RSI, they are only interested in the 30 (oversold) and 70 (overbought) lines only. Few people know that the median 50 of the RSI is of great significance in determining the price trend of the market. Take a look at the image below so you can see this.
As you Olymp Trade 免费模拟账户 Olymp Trade 免费模拟账户 can see: When the price is in a downtrend, the RSI fluctuates around 30-50 lines. Conversely, when the price increases, the RSI is within the 50-70 lines. That is to say, the 50 line is the RSI dividing line, warning which trend the market is in. This is shown clearly when the RSI crosses the 50 line, the price has a trend reversal.
And this is the perfect piece for you to get the most accurate transactions with RSI.
How to use RSI indicator trading strategies in Olymp Trade
If you are not sure how to trade Olymp Trade using the divergence of RSI indicator, you can review it here:
Combined with the 50 line signal, we will have a complete trading strategy as follows.
Open an Olymp Trade 免费模拟账户 UP order when the following signals appear in turn
Open a DOWN order when the following signals appear in turn
*Notes: Open an order as Olymp Trade 免费模拟账户 soon as the confirmation candle completes.
Some typical examples
In this section, I will talk about 2 examples that demonstrate why the 50 line Olymp Trade 免费模拟账户 is so special in this trading strategy. Let’s see the examples one by one.
Example 1: The price has broken out of the resistance but RSI has not completely crossed the 50 line. This is an incorrect signal for you to open an UP order.
Example 2: RSI has crossed the 50 line but the price has not yet surpassed the resistance. This is also an incorrect signal for you to open orders.
In the two examples above, it can be seen that the 50 line helps to early identify an incorrect signal to avoid placing wrong orders. Very effective, isn’t it?
In Olymp Trade, the RSI indicator is one of the best tools that you can apply in trading. The signals it gives always have certain meanings to help you recognize something. The important thing is to know how to combine them, giving an objective signal about the market. From there, your judgment will be more confident than ever. The Olymp Trade 免费模拟账户 article should end here. Goodbye and see you again.
What Olymp Trade 免费模拟账户 Is The Olymp Trade App And Is It Legal And Safe In India?
What is the Olymp Trade app? has been answered below. Read to know about the trading platform and how one can trade on the online platform.
Olymp Trade is one of the most Olymp Trade 免费模拟账户 known online trading platform which allows people to invest less and earn big. The platform has been serving customers since 2014 and has proven to be reliable for people interested in online trading. Olymp trade provides Fixed Time Traders and FX which separates it from other Olymp Trade 免费模拟账户 trading assets as they offer an extensive list of assets. But is Plymp Trade legal and safe in India?
Olymp Trade legality details
According to various sources, Olymp Trade is not technically illegal in India but it is in no way monitored or controlled by SEBI or RBI. This means if a trader faces any issues with regards Olymp Trade 免费模拟账户 to the app's transactions or collections then Indian authorities will not be able to help. As Olymp Trade is not regularized by Indian authorities, various Indian banks are not dealing with the platform directly, only some international Devit/Credit are accepted on this platform.
features and reliability of Olymp Trade
Olymp Trade is an A-recognized member of the International Olymp Trade 免费模拟账户 Financial Commission which enables the platform to cover unfair trade practices up to $20,000. The minimum amount deposit required to start trading on the platform is $10 which makes it easier for small-time traders to try their luck. Olymp Trade app also provides easy Olymp Trade 免费模拟账户 access to learning material which enables new traders to get acquainted with the system easily.
WIKIFX REPORT: Ronaldinho joins Olymp Trade as an Olymp Trade 免费模拟账户 ambassador
OLYMPTRADE | 1周内
摘要：The worldwide famous football player has now joined a new Olymp Trade 免费模拟账户 team with a goal to attack the financial market
Olymp Trade, an Olymp Trade 免费模拟账户 international trading platform, is excited to launch collaboration with the football legend Ronldinho and welcome him as their ambassador. Being the epitome of achievement and success, which are rooted in anticipation, instant reaction, and Olymp Trade 免费模拟账户 lightning-fast response, he bears all the qualities that also mark a good trader. Olymp Trade is certain Ronaldinho will bring a fresh and like-minded face to the trading platform as well as inspiration to its traders.
Collaboration with Ronaldinho - New Beginnings
Ronaldinho started playing football when he was seven. It took him many years of everyday practice and dedication before he could become a vital member of Brazils 2002 World Cup Champion team. On his way to success, “Gaucho” built a legacy with hard work, dedication, and unrelenting belief in himself. Those qualities translated into his work and allowed Ronaldinho to pursue his greatest dream.
Just like the way of Ronaldinho, trading along the Trader‘s Olymp Trade 免费模拟账户 Way is a constant movement forward with new levels of experience, new statuses, and new opportunities for Olymp Trade’s users.The common values Olymp Trade 免费模拟账户 that the brand and the football player have is an inspiration for the traders who can begin their path to success.
“I Olymp Trade 免费模拟账户 am excited to be part of the Olymp Trade team and am looking forward to the activities we will do together. Same as in football, in the financial market you need to have skill and apply effort, but you also need to dare and grab success as it comes.” - Ronaldinho Gaúcho
Olymp Trades collaboration with Ronaldinho is indeed a new beginning for the trading platform. Having the star football player on board will help enhance public awareness about quality services that the platform provides and give its users a bright example of success and financial independence. Ronaldinho showcases that believing in yourself, being Olymp Trade 免费模拟账户 dedicated to your craft, combining it with knowledge, and relentlessly pursuing Olymp Trade 免费模拟账户 your goals can unlock unlimited opportunities.
About Olymp Trade
Olymp Trade is a leading international online investment brokerage that provides its clients with access to trading markets, while offering a wide range of financial and fiduciary services to a substantial global and diverse audience of individual investors. Founded in 2014, the company maintains operations in over 30 countries worldwide.