Competition on FOREX market has greatly increased with pip spreads shrinking on the major pairs to as little as 1 to 2 pips.

Who are the market makers in the Forex industry? Banks, for example, or trading platforms , who buy and sell financial instruments “make the market”.

Relative Strength Index (RSI): The RSI measures the ratio of up-moves to down-moves and normalizes the calculation, so that the index is expressed in a range of 0-100.