Signs of a quality broker?

[Ariel Dala]

In a risky and full of adventure like business called Forex, you need to have a quality broker to support yourself. So, what are the sign of such broker? To me it’s to do with how they care about small investors, and that’s where I feel FreshForex is awesome.

 

They give people absolutely perfect facilities from low spreads, high leverage, and best part is not having to pay Any Commission on Deposit!

 

[evapattern]

Relative Strength Index (RSI)

 

Introduction

Developed by J. Welles Wilder, the Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30. Signals can also be generated by looking for divergences, failure swings and centerline crossovers. RSI can also be used to identify the general trend.

 

RSI is an extremely popular momentum indicator that has been featured in a number of articles, interviews and books over the years. In particular, Constance Brown's book, Technical Analysis for the Trading Professional, features the concept of bull market and bear market ranges for RSI. Andrew Cardwell, Brown's RSI mentor, introduced positive and negative reversals for RSI and, additionally, turned the notion of divergence, literally and figuratively, on its head.

 

Wilder features RSI in his 1978 book, New Concepts in Technical Trading Systems. This book also includes the Parabolic SAR, Average True Range and the Directional Movement Concept (ADX). Despite being developed before the computer age, Wilder's indicators have stood the test of time and remain extremely popular.

Conclusion

RSI is a versatile momentum oscillator that has stood the test of time. Despite changes in volatility and the markets over the years, RSI remains as relevant now as it was in Wilder's days. While Wilder's original interpretations are useful to understanding the indicator, the work of Brown and Cardwell takes RSI interpretation to a new level. Adjusting to this level takes some rethinking on the part of the traditionally schooled chartists. Wilder considers overbought conditions ripe for a reversal, but overbought can also be a sign of strength. Bearish divergences still produce some good sell signals, but chartists must be careful in strong trends when bearish divergences are actually normal. Even though the concept of positive and negative reversals may seem to undermine Wilder's interpretation, the logic makes sense and Wilder would hardly dismiss the value of putting more emphasis on price action. Positive and negative reversals put price action of the underlying security first and the indicator second, which is the way it should be. Bearish and bullish divergences place the indicator first and price action second. By putting more emphasis on price action, the concept of positive and negative reversals challenges our thinking towards momentum oscillators.

[evapattern]

 

Introduction of Williams %R

Developed by Larry Williams, Williams %R is a momentum indicator that is the inverse of the Fast Stochastic Oscillator. Also referred to as %R, Williams %R reflects the level of the close relative to the highest high for the look-back period. In contrast, the Stochastic Oscillator reflects the level of the close relative to the lowest low. %R corrects for the inversion by multiplying the raw value by -100. As a result, the Fast Stochastic Oscillator and Williams %R produce the exact same lines, but with different scaling. Williams %R oscillates from 0 to -100; readings from 0 to -20 are considered overbought, while readings from -80 to -100 are considered oversold. Unsurprisingly, signals derived from the Stochastic Oscillator are also applicable to Williams %R.

 

Conclusion

Williams %R is a momentum oscillator that measures the level of the close relative to the high-low range over a given period of time. In addition to the signals mentioned above, chartists can use %R to gauge the six-month trend for a security. 125-day %R covers around 6 months. Prices are above their 6-month average when %R is above -50, which is consistent with an uptrend. Readings below -50 are consistent with a downtrend. In this regard, %R can be used to help define the bigger trend (six months). Like all technical indicators, it is important to use the Williams %R in conjunction with other technical analysis tools. Volume, chart patterns and breakouts can be used to confirm or refute signals produced by Williams %R.

 

 

[moneyrig]

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[gds221]

For me, the main feature of a high-quality broker is reliability. Amarkets broker chose this parameter for work, and so far I consider it to be the really best option.

[Erienner]

A reliable broker is, first of all, a broker that does not provide problems with withdrawing funds, regardless of the withdrawal amount

[gds221]

In general, for me the main indicator of the reliability of the broker is the profitability of working with him. I chose Amarkets broker for the job, and I think this option is great for the job. At least I was able to make great money with him.

[Gidencenti]

you can find a lot of such items, and the most important thing is reliability

[Erienner]

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[Pyridge]

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[Tindenucac]

try working with the broker Expertoption and you will immediately understand all the qualities of an excellent and reliable broker

[Cairdarsy]

if we talk really about the qualities of a good broker, then you can do with the reliability of all transactions, and the absence of problems in the work that this broker can provide, I myself am now working with Exeprtoption, and all these qualities are in the first place here, well done guys, for a long time a top spot in the forex market

[Gidencenti]

there are enough such brokers on the market now, only newbies are still for some reason being led on delusional promises of easy money for scammers

[Vaabum]

The most important thing in this case is the reliability of the broker. For example, I chose a broker from EKspertOption for work, and this option seemed quite interesting to me.