1/12/2024 0 Comments Currency strength meter live![]() What if the currency strength meter only works on the daily timeframe but you’re unaware of it and you use it on the lower timeframe? There’s a formula behind it to determine the strength/weakness of a currency.īut if you don’t know the formula behind it, how can you trust the result of the currency strength meter? Now, a currency strength meter is like any other trading indicator. ![]() Having a currency strength strategy helps you to identify the strongest/weakest currencies so you can pick the right currency pair to trade (more on this later).īut first, I want you to avoid these common mistakes traders make when using the currency strength meter… Do you make these mistakes when using a currency strength meter? Mistake #1: You randomly use a currency strength meter without knowing how it works Well, that’s where a currency strength meter comes into play. So how do you pick the right one to trade? How do I pick the right one?”īecause you can have two identical trading setups but, one has a higher chance of winning while the other is likely to fail. One of the common problems almost all traders face is this… Why Most Retail Traders Fail and What You Can Do About it Then, we discussed the power of price action trading and what it can do for you. ![]() In my earlier posts, you’ve learned why trading indicators, fundamentals news, and signal services hurt your trading results. ![]()
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