Edit Your Comment
strength of currencies
Uczestnik z Aug 17, 2020
123 postów
Nov 27, 2020 at 11:24
Uczestnik z Aug 17, 2020
123 postów
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
536 postów
Jul 04, 2021 at 09:02
Uczestnik z Mar 17, 2021
536 postów
davidkew posted:Thanks for the advice.
You can check out a currency strength meter to see where a particular currency stands.
Uczestnik z Jul 23, 2020
869 postów
Jul 09, 2021 at 09:12
Uczestnik z Jul 23, 2020
869 postów
Currency strength meter is the best way to find currency strength.
Uczestnik z Jun 15, 2021
16 postów
Uczestnik z Mar 28, 2021
617 postów
Aug 03, 2021 at 16:31
Uczestnik z Mar 28, 2021
617 postów
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
759 postów
Sep 01, 2021 at 21:56
Uczestnik z Jul 23, 2020
759 postów
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
536 postów
Sep 03, 2021 at 08:48
Uczestnik z Mar 17, 2021
536 postów
SofieAndreasen posted:Is it good to use currency strength meter?
Many currency strengths meters give you a quick visual guide to which currencies are currently strong, and which ones are weak.
Nov 29, 2021 at 05:48
Uczestnik z Nov 02, 2021
73 postów
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
Uczestnik z Nov 03, 2021
53 postów
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
617 postów
Jul 26, 2022 at 13:30
Uczestnik z Mar 28, 2021
617 postów
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
538 postów
Aug 24, 2022 at 08:13
Uczestnik z Apr 09, 2019
538 postów
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.
*Komercyjne wykorzystanie i spam są nieprawidłowe i mogą spowodować zamknięcie konta.
Wskazówka: opublikowanie adresu URL obrazu / YouTube automatycznie wstawi go do twojego postu!
Wskazówka: wpisz znak@, aby automatycznie wypełnić nazwę użytkownika uczestniczącego w tej dyskusji.