Currency Strength Meter - Page 32
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Thread: Currency Strength Meter

  1. #1
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    Currency Strength Meter

    In this thread i want to talk about currency strength meter because it is very good for trading and we can know about the power or currency . so this way we can decision for place order buy or sell. also we can use this indicator with different strategies and different trading system.
    so we see some example about currency strength meter.
    Attachment 12883
    so this image we can see usd is much strong and chf is weak so usdchf we can buy also we see the chart.
    Attachment 12884
    and other example is eur us weak and usd is strong so we sell eurusd let see chart.
    Attachment 12885
    so this will help us thanks

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    Last edited by rashid636; 07-23-2015 at 03:18 PM.

  2. #311
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    Yes dear, the currency strength meter its a very good indicator for traders who want to ad to his strategy or its a good tool for fundamental traders because the meter shows a good sianal affter the news was release. Its a good tool to make your progress better in trading.

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  3. #312
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    A good and strong currency meter indicator will make trading very simple and very profitable too, because with the currency strength indicator we don't have to analyze the market again ourselves, we just have to look at the strength of various signal to decide which one to buy and which one to sell, this will make trading very simple and very profitable too.

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  4. #313
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    currency strength meter can let the trader to find the best and strong currencies and so he can be able to trade with the pair that has good trend and so this can improve trading and let the trader to make more money, when the pair has strong currency and weak currency them the market will go in the direction of the strong currency.

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  5. #314
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    I think that using this indicator is not easy and can be used immediately but still have to learn it first to be able to know the advantages and disadvantages of this indicator because by understanding the workings in detail of this indicator it will be able to produce consistent profits, because the purpose is for the results of profits that can be consistent

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  6. #315
    Trader ola4real's Avatar
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    Quote Originally Posted by sameeh View Post
    currency strength meter can let the trader to find the best and strong currencies and so he can be able to trade with the pair that has good trend and so this can improve trading and let the trader to make more money, when the pair has strong currency and weak currency them the market will go in the direction of the strong currency.
    This is a perfect means of knowing the currencies with the higher power at one point in time. The forex traders who will be trading with the use of the currency meters should know that this is not an analytical means, it is just a way to choose the currency that will be best performed at that time. To trade the forex field with the best result, traders will then use their real analysis to make their direction with the asset they choose after using this currency meter to first choose them,

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  7. #316
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    Yes this thread is really useful, because while we are trading in forex market we have to know the power of currency when you select a pair for trading you must know you are buying or selling first currency against second currency. so you have to read about both the currency and both the the country's economic conditions and their policies so that you can understand the strength of the currency. it could be first it could be second currency in a single pair if there is an indicator available in metatrader 4 it is really useful which tells us about the currencies. but I not yet use it I will use it now first in demo acount then will attach it in my real trading account.

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  8. #317
    Trader Toyen's Avatar
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    Quote Originally Posted by ola4real View Post
    This is a perfect means of knowing the currencies with the higher power at one point in time. The forex traders who will be trading with the use of the currency meters should know that this is not an analytical means, it is just a way to choose the currency that will be best performed at that time. To trade the forex field with the best result, traders will then use their real analysis to make their direction with the asset they choose after using this currency meter to first choose them,
    There is nothing that will be perfect in the market, but i know that using this currency strength meter, it will be of a great idea for us. When we want to choose our currency pair, this will work the work of correlation and even more than that, so that we will carefully select the best performing market that could give us more pips when we trade it.

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  9. #318
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    it's really nice something new coming to the knowledge house, anyways post the resources and fill the content ( half information don't make any sense)
    also related to the economic calendars we can get that meaning . to understand about the trading rates

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  10. #319
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    Currency strength indicator is a good indicator that will make trading simple for everyone, because it save us the stress of analyzing the market ourselves, the currency strength indicator is what we need to look to decide which trades to take, this really make trading simple to trade and if this strategy is strong and effective we can make good money from it.

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