💻It can be challenging for beginner traders to quickly determine the trend and spot the most effective entry points. Instead, beginners prefer to avoid trading along powerful trends and usually open trades on assets that are in a flat.
What indicators can a beginner use?
MACD Divergence
🔹The moving averages indicator works well with a strong trend, while the MACD Divergence is more suitable for flat markets.
RSI Overbought and Oversold
🔹The RSI indicator allows tracking rebounds and the subsequent asset movements.
When the RSI indicator values return below 80, and the asset tests the upper boundary of the price channel, open a Down trade. When the RSI indicator values return above 20, and the asset tests the lower boundary of the price channel, open an Up trade.
Bonus Tip
If you are new to trading, don't try to catch a strong trend. Instead, focus on the assets following a flat. Apply basic indicators like MACD or RSI and progress to your trading success.
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