TRAINING ON TRADING CENTER

Trading Forex currencies, commodities, or equities via Futures, Options, and CFDs is very different than trading stocks or bonds. When traditional investors enter the world of derivatives, they get exposed to a great number of 'new' risks. These risks can lead to the rapid loss of capital, and thus training hard before starting trading is essential.

1. Trading Strategy

A trading strategy is a method of opening and closing trading positions based on a fixed trade plan and a predefined set of rules and setups. A trading strategy aims to achieve high long-term returns by controlling risk exposure through money management (MM) and by limiting the impact of the emotional human nature (greed and fear).

In this section, you may find information about the following categories of trading strategies:

• Day-Trade Strategies
• Equity Day-Trade Strategies
• Intraday Forex Trading Strategies
• Automated Forex Trading Strategy
• Arbitrage Trading Strategies

► Trade Strategy Guide | ► Auto-Trade Strategies | ► Equity Trading Strategies | ► Arbitrage Trading Strategies

Read more: Training on TradingCenter

RSI PRECISION PLUS (FREE TRADINGVIEW INDICATOR)

This is an enhanced version of RSI PRECISION that you can use on TradingView for free. The new oscillator incorporates RSI readings and key TA signals into a single tool.

RSI PRECISION PLUS & WHAT IS NEW

RSI PRECISION is an improved version of the classic RSI (Relative Strength Index). The oscillator combines advanced RSI readings with price volatility and price momentum to offer more accurate readings at longer timeframes and during choppy market conditions. The new oscillator is ideal for analyzing volatile markets, such as the cryptocurrency and equity markets.

In this enhanced version, the RSI Precision formula remains the same, however, there are additional trading signals:

• MACD Crossovers (•) -New
• SMA Death/Golden Crosses (x) -New
• RSI Crossovers/Crossunders (▲▼)

■ You can add RSI PRECISION here on TradingView.com, and of course, it is 100% free. » https://www.tradingview.com/script/kBpWBCXU-RSI-PRECISION-MACD-SMA-Signals/

As you can see in the following chart, RSI Precision offers exceptional breakout signals

Read more: RSI PRECISION (Plus MACD & SMA Signals)

Tips for Choosing Trading-Seminars

Trading seminars can prove an effective method for improving your trading skills. Currently, you can find a great number of trading seminars in the US and worldwide –and here are some tips to pick the best of them.

1) Identify your needs and determine what trading topic fits you best

Identify your specific trading needs and trace trading seminars that focus on that particular area. General trading seminars are a good choice only for beginners. A focused trading seminar, like one designed to teach you every aspect of a specific trading-platform, will be more useful than a seminar that covers the broad field of every trading platform.

2) Identify your experience level according to the level of the trading seminar

Trading seminars cover a large variety of experience levels. Other seminars are designed for beginners while others are designed for even professional traders. So you must indicate your personal experience level in order to make the right choice for your seminar.

3) Avoid trading seminars that are promoting products/services

Some trading seminars may focus on selling a product instead of offering useful trading information.

Read more: Trading Seminars Tips

RSI PRECISION (ENHANCED RELATIVE STRENGTH INDEX)

Developed in 1978, RSI is a fantastic tool for spotting overbought/oversold market levels, but it has several limitations, especially when it comes to the analysis of weekly and monthly timeframes. For that reason, I have built an enhanced (free) version of RSI, called RSI PRECISION. The new oscillator combines RSI readings with price momentum and volatility, and that makes it ideal for analyzing volatile markets such as Bitcoin or penny stocks. RSI PRECISION also offers a plethora of settings, including crossover/crossunder alerts.

■ You can add RSI PRECISION here on TradingView.com, and of course, it is free. » https://www.tradingview.com/script/irWH8Wkm-RSI-PRECISION/

INTRODUCTION TO RSI PRECISION

Created by Giorgos Protonotarios, RSI PRECISION is an oscillator designed to enhance RSI with market momentum and price volatility and make it much more accurate on longer timeframes. The oscillator aims to identify overbought/oversold market levels, and it is ideal for analyzing any volatile financial asset. RSI PRECISION can be used on any timeframe, as the common RSI.

The oscillator is extensively tested and optimized to work properly with any financial-traded asset. However, there is the option to customize settings, in order to better match extreme market conditions.

Image: RSI PRECISION vs CLASSIC RSI on Tesla (Monthly)

Read more: Introducing RSI Precision (Enhanced RSI tool)

OUR LATEST INDICATOR (FREE ON TRADING VIEW)

RSI PRECISION is an alternative to the classic Relative Strength Index (RSI). The indicator aims to enhance the classic RSI and make it more accurate on longer timeframes. Additionally, the indicator works as an advanced signaling machine, offering five categories of leading trading signals: RSI, MACD, StochRSI, SMA, and Golden/Death Crosses.

■ Trading Signals: RSI cross | MACD signal line cross | StochRSI cross | SMA cross | Golden/Death cross

■ Add RSI Precision on TradingView: » https://www.tradingview.com/script/cTEWnHdU-RSI-PRECISION-v-3

RSI Precision Objectives

In this 3rd version, the core formula of RSI PRECISION remains the same, however, there are new trading signals and a great number of new parameters.

(1) Creating a better RSI that works as an “All-in-one” indicator

(2) Identifying overbought/oversold market levels in a simple and user-friendly manner

(3) Making precise calculations near market tops and bottoms, where price volatility is always booming

(4) Making precise calculations on longer timeframes (weekly, monthly) where the classic RSI readings are hardly readable

(5) Offering five different categories of trading signals in a single indicator

Read more: RSI Precision v.3 (Multisignal Indicator)

Introducing TCI Indicator to the Web

There is a wide variety of technical analysis tools available today (indicators, oscillators, indices, ratios, charting patterns). The problem with them is that they are designed to look backward but not forward. TradingCenter using a wide trading experience created a new trading indicator called TCI. Trading Center Indicator (TCI) can be used to analyze any financial traded asset in any timeframe, both backward and forwards.

TCI Concept: “Looking backward to identify what to buy and then looking forward to deciding when to buy it”

The New Version of TCI at Trading Center

Since the first creation of the TCI model the formula incorporated is continuously evolving. The reason is that the global economy and the incurred market conditions are evolving, and thus, every trading system must evolve too, in order to adapt to these new market developments. For example, when the market volatility suddenly increases, trading systems must re-set their time frames to shorter periods, widen their stop-loss orders, and use tighter capital leverage.

What really distinguishes the new version of TCI

What really distinguishes the new version of TCI compared to old versions is the way time frames are now set and analyzed. Time frames for the new version of TCI are defined according to the Fibonacci sequence of numbers. This new approach is capable of further optimizing the accuracy of TCI results.

Why is the Fibonacci Sequence of Numbers Important

The Fibonacci Sequence of numbers is based on the Golden Ratio (Phi or Φ) which is equal to about 1.618 (1.61803398874989484820...). This Golden Ratio can be found everywhere in our universe but also in earth's nature and even as concerns our body’s proportions. Financial Markets has long accepted the importance of this Sequence of Numbers and thus popular technical analysis tools such as the Fibonacci Retracement can be found everywhere nowadays.

TCI Long & TCI Short

New TCI signals are based on two separate Indicators, TCI Long and TCI Short. The reason is that both short-term and mid-term are important in order we identify if a certain asset or a certain market is overbought or oversold. Furthermore, TCI Short enables optimizing time entry/exit points. As it is already mentioned, TCI can be set up forwards and define optimal future entry or exit in any financial asset or market. Here is an example of TCI Long and TCI Short indications. The market is Forex and the asset is EURUSD. If you take a close look you can see that when TCI Long reaches the level +40% the market tanks. That means that when TCI Long reaches the level +40% the hidden supply shows up closes its positions in a hurry (possible high-profitable positions).

Read more: Trading Center Indicator (TCI)