In this class, we are going to discuss what a CCI Indicator is and how it helps Forex traders identify trending markets and spot accurate trades.
The CCI indicator, which stands for Commodities Channel Index, is a momentum-based technical indicator associated with oscillators. CCI indicators are popular among retail forex traders. CCI is often overlooked by novice traders at the beginning of their learning curve, but they soon discover its potential and significance as they progress.
A trend trading strategy is always a safe way to trade forex. Identifying the current trend requires having an indicator that you can trust. You can use the CCI indicator in Forex trading to accomplish this.