Insider Secrets: Wall Street's Best Trading Indicators | Einstein of Wall Street — Transcript
Full transcript
- 0:00uh is there any sort of indicators or
- 0:01strategies that you recommend new
- 0:03traders to start with and learn about
- 0:05absolutely so look there are millions of
- 0:07different people with million different
- 0:09indicators some people if you look at
- 0:11their charts they look like air traffic
- 0:12control on 911 and I don't recommend
- 0:15that but what do we use we use the RSI
- 0:18relative strength indicators uh meaning
- 0:20overbought and oversold conditions we
- 0:23use the exponential moving averages
- 0:25these show support and resistance in
- 0:28stocks and then we use what's called
- 0:30pivot Points it's basically it's a a a
- 0:33mathematical formula that also
- 0:35represents support and resistance why do
- 0:37we use these indicators we use Fibonacci
- 0:39we use yesterday's high yesterday's low
- 0:42there's lots of different things we use
- 0:44but EMA exponential moving average RSI
- 0:48and pivot Points are the most important
- 0:51ones to us why do we use them cuz they
- 0:53work
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