Today there is unrest in the US and the world. With the pandemic and racial inequality at the forefront, as president of InfoTech Education Corp. I’ve been thinking of how we can help.
I’ve been thinking of what I can do to help minority & black communities progress.
My response is to help advance the economic growth of underrepresented groups in the USA and other parts of the world.
By providing an education of the financial markets, and live learning opportunities and details of how I execute trades of stocks, forex, and Bitcoin to make profits for my organization, InfoTech Education Corp.
I’ll take you inside my trading room, where you will learn how I use charts, patterns and indicators to help determine when and where to enter into a trade or sell a position to take profits.
To get started, let’s take a brief look at charts and the RSI technical indicator.
For learning purposes I’ll use the word asset to refer to stocks, bitcoin, forex, and other trades.
Each asset in the markets have a unique trading symbol. Below is the chart of Crude Oil which uses the trading symbol “CL”.
This is a 15-minute chart of CL. The graph is made-up of individual candle sticks, where each stick represents price movement up or down for a 15-minute period.
Charts are highly used by traders for technical analysis of assets.
Charts allow one to see how an asset has performed over a period of minutes or hours, days, weeks, months or years.
Such historical data can be used with technical indicators to predict the best position in which to buy or sell.
Goal: Buy Low/Sell High
In order to make a profit you’ll always want to determine the lowest point to enter into a trade, and the highest point in which to exit.
(Relative Strength Index) RSI
RSI is one of the indicators that I use to help determine entry and exit points.
An RSI Indicator can show oversold/overbought conditions of an asset. These conditions create potential buy/sell opportunities.
Oversold conditions occur when sellers of an asset continue to sell the asset until it reaches a low point over a period of time.
If the RSI moves below 30 points, it is in oversold territory. This may be an opportunity to buy your asset.
Overbought conditions occur when buyers of an asset continue to buy until the cost of the asset reaches a high point over a period.
RSI moves above 70-points in overbought conditions. This may create an opportunity to sell your asset and collect the profits.
There is much more for you to learn about charts, RSI and other indicators.
Information will be introduced in multiple sessions and videos, as I use them to analyze equities and trades live for InfoTech.
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Let’s go make profits!