If you’re on the lookout for reliable clues on when to buy and when to sell, you’ll want solid indicators in a trading toolkit. But not all indicators are as simple as they seem. Some trading tools need a special touch to reveal market opportunities. One of them, available on our trading platform, is the Relative Strength Index, or RSI.
Most traders regard the RSI as an extremely useful oscillator. Although it looks like a simple indicator, traders often rely on it too heavily in isolation and don’t realise that it is sometimes difficult to apply. Nonetheless, it should be a fundamental component of your indicator toolkit. This guide will help you use the RSI to identify entry and exits more effectively by taking you through its key features. Learn how to identify overbought and oversold instruments and capitalise on potential CFD trading opportunities