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CCI Indicator
The CCI indicator is known as the Commodity Channel Index and this is an indicatorthat is developed by Donald Lambert.I will not bother you with the calculation of this indicator because your trading platform can automatically help you to calculate and plot out the indicator. What I am going to share with you today is what exactly this indicator can do for you and how you can integrate it to your trading plan.For this CCI indicator, it will come with +100 and-100 levels. Most of the time, this indicator will move in between the +100 and-100 levels and it will exceed the levels for about 20 to 25% of the time.Here is what you can use the CCI for:
1) As a buy and sell signal – Whenever you see the CCI moving above the +100 level,you are in fact in a period of strong uptrend and this is the time you can enter a LONG trade. Once the CCI moves back to the +100 level, you should then exit your trade.However when you see the CCI moving below the -100 level, you are in a strong downtrend period and you can enter a SHORT trade. Similar to the above LONGtrade, you should exit your trade once the CCI move up to the -100 level.
From the picture above, you can see that the mark…
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gargantua avatar
gargantua 21 Apr.

good article

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*Rule No.1: Always Use a Trading Plan

A trading plan is a written set of rules that specifies a trader’s entry, exit and money management criteria. Using a trading plan allows traders to do this, although it is a time consuming endeavor.
With today's technology, it is easy to test a trading idea before risking real money. Back testing, applying trading ideas to historical data, allows traders to determine if a trading plan is viable, and also shows the expectancy of the plan's logic. Once a plan has been developed and back testing shows good results, the plan can be used in real trading. The key here is to stick to the plan. Taking trades outside of the trading plan, even if they turn out to be winners, is considered poor trading and destroys any expectancy the plan may have had.
A trading plan is a written set of rules that specifies a trader’s entry, exit and money management criteria. Using a trading plan allows traders to do this, although it is a time consuming endeavor.
With today's technology, it is easy to test a trading idea before risking real money. Back testing, applying trading ideas to historical data, allows traders to determine if a trading plan is viable, and …
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mcquak avatar
mcquak 21 Apr.

@lovybandesha thanks, got it. Do you know by any chace Investopedia site? There are also nice articles about investing and trading. E g. this one https://goo.gl/xVjKaA

MaziarE avatar
MaziarE 22 Apr.

good job

md1fk1 avatar
md1fk1 23 Apr.

rule based

Pipsalibur avatar
Pipsalibur 26 Apr.

Great article for someone who starts with forex,a must read.

Slurmp avatar
Slurmp 21 May

Nice :)

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1 Since the Federal Reserve raised interest rates in December, many U.S. businesses, as well as foreign countries and overseas companies, have been working through the impact of the increase on global trade.
2. MIXED REACTION FROM CENTRAL BANKS
The U.S. dollar serves as the world’s de facto reserve currency, so changes in U.S. monetary policy can affect country economies in various ways. Although the increase was modest and anticipated, reaction by central banks around the world has been mixed. Many countries whose currencies are linked to the U.S. dollar have also increased interest rates, as have those economies that want to keep inflation in check. Other central banks have remained steady or even cut rates in an effort to encourage growth.The U.S. dollar strengthened throughout 2015 in anticipation of higher interest rates and stronger economic growth. Advanced and stable economies such as Europe, Japan and India welcomed the Fed’s move, but many emerging markets are struggling with the impact of the rate hike. The rate increase has negatively affected countries such as Turkey, Brazil and Mexico whose governments and businesses borrowed heavily in dollars over the past decade t…
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wind87 avatar
wind87 1 Apr.

good.

Ruteale avatar
Ruteale 6 Apr.

Well done !

OlgaBLR avatar
OlgaBLR 7 Apr.

good

gargantua avatar
gargantua 21 Apr.

good article

klintons avatar
klintons 23 Mar.

Gute Artikel

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