#TradingTools101

While studying technical analysis tools, I found RSI, MACD, and moving averages to be quite useful for confident trading. RSI helps me determine whether an asset is overbought or oversold, which can signal a reversal. MACD shows changes in momentum and helps identify trends.

I often combine these indicators. For example, if RSI indicates oversold conditions and MACD confirms a bullish signal, it can present a good buying opportunity. Moving averages also help me determine the direction of the trend and levels of support/resistance. The combination of these tools gives me a more complete picture of the market and increases the likelihood of successful trades.