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strength of currencies
Nov 24, 2020 at 13:41
Przeglądane 1,741
13 Replies
Uczestnik z Aug 17, 2020
121 postów
Nov 27, 2020 at 11:24
Currency indexes are useful tools for measuring the strength of currencies.
But there is usually no objective answer to whether a currency is weak or strong, it's very relative as currencies are traded in pairs. Something worth considering is their liquidity. There are major, minor and exotic currency pairs; major and minor pairs are more liquid.
But there is usually no objective answer to whether a currency is weak or strong, it's very relative as currencies are traded in pairs. Something worth considering is their liquidity. There are major, minor and exotic currency pairs; major and minor pairs are more liquid.
Uczestnik z Mar 17, 2021
494 postów
Jul 04, 2021 at 09:02
davidkew posted:
You can check out a currency strength meter to see where a particular currency stands.
Thanks for the advice.
Uczestnik z Jul 23, 2020
816 postów
Jul 09, 2021 at 09:12
Currency strength meter is the best way to find currency strength.
Uczestnik z Jun 15, 2021
16 postów
Jul 27, 2021 at 05:11
Currency strength meter is the best way to find currency strength.
A currency strength meter is always useful to look for the best pairs
A currency strength meter is always useful to look for the best pairs
Uczestnik z Mar 28, 2021
586 postów
Aug 03, 2021 at 16:31
Every pair has its own specific characteristics. You have to find out your own trading edge. Only you know what you understand the most. Learning is a long term tadious process. Everyone has to go through it if they want to make consistent money in forex trading.
Uczestnik z Jul 23, 2020
696 postów
Sep 01, 2021 at 21:56
Many currency strengths meters give you a quick visual guide to which currencies are currently strong, and which ones are weak.
Uczestnik z Mar 17, 2021
494 postów
Sep 03, 2021 at 08:48
SofieAndreasen posted:
Many currency strengths meters give you a quick visual guide to which currencies are currently strong, and which ones are weak.
Is it good to use currency strength meter?
Nov 29, 2021 at 05:48
The strength of a particular currency depends on numerous economic factors, but the quality of a currency's growth prospects is usually the most significant. Traders should have sound knowledge about the economic and political state of the country whose currency they are dealing with.
Dec 01, 2021 at 05:34
There are mainly three factors which determine the strength of the currencies:
1. Inflation: Higher inflation in a country means the national currency is losing its value.
2. Economic stability: If the government is economically stable and well established, it attracts more investors. More demand means more supply which also increases the value of the currency.
3. Interest rates: Higher interest rates also indicate high value of the currency.
1. Inflation: Higher inflation in a country means the national currency is losing its value.
2. Economic stability: If the government is economically stable and well established, it attracts more investors. More demand means more supply which also increases the value of the currency.
3. Interest rates: Higher interest rates also indicate high value of the currency.
Uczestnik z Mar 28, 2021
586 postów
Jul 26, 2022 at 13:30
Traders should keep their attempt running to develop themselves every moment. A cogent effort should be given to turn every day a profitable day and traders who are perseverant can only do that.
Uczestnik z Apr 09, 2019
516 postów
Aug 24, 2022 at 08:13
The dollar is the king in the currency markets. I recommend looking at the US dollar index and see how it moves vs EURUSD. You will see a near perfect reverse correlation. From there you can look for times it doesn't match up as these can be powerful signals for the moves to come and allow for early entries.
If you can't spot the liquidity then you are the liquidity.
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