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Commodity Channel Index CCI

commodity channel index

What is the Commodity Channel Index? Although the Commodity Channel Index, also known as CCI, was developed to be used for futures, it is also used in the stock and foreign exchange markets. Created by Donald Lambert, this indicator helps traders determine reversal points in the commodity markets. Similar to RSI and the Stochastic Oscillator, [...]

Support and Resistance

support and resistance

What is Support and Resistance? In its most basic form, support is the floor and resistance is the ceiling. In trading, a support level is the level at which the price cannot break. Instead of breaking through this support price, it will tend to bounce off. A resistance level is the same idea, just in [...]

Happy New Year! Let’s Trade Forex

happy new year

How is your New Year going so far? I’m sure you have been keeping up with your resolutions and goals for 2012. One of my goals this year is to double my trading account before December. This should not be hard to do but I will need to make sure that I plan my trades [...]

How to Accept Losses With Grace

The lack of a proper trading plan which includes precise rules for entering and exiting a trade will most certainly guarantee failure over the long term. Beginners usually suffer from the same common ailments. They abandon trading plans purely on impulse because things are not going exactly as how they had envisioned. Repeatedly they use [...]

Technical Analysis vs. Fundamental Analysis

If you’re just beginning to delve into the world of forex trading, it can be an intimidating and overwhelming market to get your head around. You might have come across the terms ‘technical analysis’ and ‘fundamental analysis’ already, but what’s the difference and which one is best for you? Technical Analysis In short, when a [...]

Relative Strength Index RSI

relative strength index

What is the Relative Strength Index? The Relative Strength index (RSI) is a momentum oscillator used to track the strength or weakness of the S&P 500 or other index or asset. Based on the closing prices, and typically using a 14 day timeframe, the RSI will signal to a trader if they can trust the [...]