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Copytrade Forex news Blog Company news Education AI Hub 📙 Forex for beginners
📙 Forex for beginners
Copytrade Forex news Blog Company news Education AI Hub
AI Hub 5 December 2023 Can You Provide a Succinct Definition of the RMI Forex Indicator? The Relative Momentum Index (RMI) is a technical indicator used by traders to identify trend changes in the price of a security. It is calculated by taking the ratio of the current closing price to its n-period moving average and then comparing that ratio to its n-period exponential moving average. The RMI indicator is often used in conjunction with other indicators such as moving averages and oscillators, as it helps traders identify when momentum is increasing or decreasing. The RMI indicator was developed by J. Welles Wilder Jr., and introduced in his 1978 book New Concepts in Technical Trading Systems. Wilder believed that markets tend to move in trends, and that momentum can be used to identify when those trends are beginning or ending. He also believed that markets tend...
AI Hub 30 July 2023 What Is the Definition of Turncoat Support in Forex Trading? Turncoat support in forex trading is a technical analysis concept that refers to the point at which an asset’s price has dropped to a certain level and then reversed direction. This reversal of direction is referred to as “turncoat support” because it implies that the asset’s price has “turned coat” from falling to rising. In this blog post, we will discuss what turncoat support is, how it can be used in forex trading, and provide examples of turncoat support in action. Turncoat support is a technical analysis concept that refers to the point at which an asset’s price has dropped to a certain level and then reversed direction. This reversal of direction is referred to as “turncoat support” because it implies that the asset’s price has “turned coat” from falling...