The Intraday Momentum Index (IMI) generates trading signals using relative strength (RSI) in conjunction with candlestick charting. The IMI looks at the relationship between a security's open and close price over the course of the day, rather than how the open/close price varies between days. I would suggest every trader to use it wisely as it is most fluctuating, but if used properly then it is most accurate and promising indicator. This index is actually friendly among Intraday traders and has become best friend of every day trader. Started by Tushar Chande from book "New Technical Trader" in 1994. It reveals the oversold and overbought market condition.

There are a lot of pre-education and pre-trading decisions you will need to make before you spend any money on trading or capitalizing an account to trade live with as a brand new self-directed trader. How to make fortune using Intraday Momentum Index - Trend Following Trading Strategy delivers a comprehensive guide to some of the tools and resources needed to help give you the best beginner information to make some of those hardest decisions.

The given strategy can be applied for any actively traded asset on big liquid markets like Equities, Forex, Commodities, Cryptocurrencies, Bonds, etc.

So, if you're serious about trading get hold of this book today, and begin practicing using the tools and strategies to get you on the best road to successful trading with great profit. Hope this book will add value to your trading knowledge and will help equip you with the right trading techniques.

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