Currency Strength Meter - Essential Trading Tool
Trading can be profitable, but it's important to know what you’re doing before diving in. One thing that could make the process easier is our currency strength meter that helps you identify which currencies are strongest and weakest.
Disadvantages of currency strength meters
Despite the advantages of using currency strength meters, it is not necessarily the best way to trade. Poorly designed currency strength meters can cause a number of problems.
Strategies for Successful Trading with a Forex Currency Strength Meter
Monitoring the relative strength of different currencies, evaluate the general conditions in the currency market and take into account the current economic trends.
Why we can't directly use the strength of currencies for trading
There are several reasons to believe that using the strength of currencies directly in trading is incorrect.
How to use the currency strength chart
General tricks for using the currency strength chart and how to adapt it to your trading style.
FXStrengthMeter - real-time currency strength monitor, useful for traders and investors. It uses a proprietary algorithm to estimate the strength of currencies in relation to other currencies, making it a clear and easy-to-use tool.