Community Forex Questions
How do traders identify a rally?
A trader can spot a rally by using technical indicators like oscillators, which can help identify overbought assets, which are one of the main drivers of market rallies.
However, the length of a rally can be relative depending on the timescale used by a trader. A day trader, for example, may see a rally in the first 30 minutes of a market opening if beneficial market news has broken during the night.
Position traders, on the other hand, may require a sustained upward movement over a period of days or weeks in order to consider a period of upward movement a rally.
However, the length of a rally can be relative depending on the timescale used by a trader. A day trader, for example, may see a rally in the first 30 minutes of a market opening if beneficial market news has broken during the night.
Position traders, on the other hand, may require a sustained upward movement over a period of days or weeks in order to consider a period of upward movement a rally.
Nov 03, 2022 04:45