Is it worth paying for CCI Indicator?
Paying for the CCI indicator is not a very exciting prospect for the ones who have just entered the world of currency trading, especially if they are not aware of its potential. Frankly, most of the ones who hope to make it in the Forex jungle are either overconfident or not aware of the challenges that await them. Being on your own here, is going to pose serious problems and the odds are stacked against you to lose your bankroll.
If you were to take a better look at big picture and consider the currency trading as a long term investment, then the CCI indicator should be among the first instruments to purchase. Even a single trade can bring you enough money to pay for it and you will be able to use it for many more trades in the future. It’s refreshing to have a method of predicting how long will the price rise or decrease and to know when it’s the right time to close a trade, to end up as a winner.
One of the reasons some people are reluctant to pay for the CCI indicator is that it’s not meant for predicting a trend and it will simply measure the strength of an existing one. This means that you should have a different method of spotting them from inception and then use the CCI indicator simply to maximize your profits.
This is not entirely true though and some of the more savvy traders will enter a trade as soon as they notice that the prices are moving fast into one direction, after they passed the zero line. There are several risks attached to this method of trading and you need a lot of experience and additional tools to do it and prevent loses, but the ones who find a way to get around it, will record significant profits.
Another approach is not to pay for the CCI indicator directly and instead sign up for a Forex signal service that will use it in its predictions. The advantage is that you will benefit of this amazing instrument alongside other tools that the Forex robot or trader will use in conjunction. All you need to do, is to place the buy or sell order as stated in the signal you receive and cash in. Some of these signals are even free, so if you get really lucky, you could stumble across a service that will not charge you anything, while providing you with live feeds.