2/13/2023 0 Comments Currency strength meterThe strength and weakness of currency could be as a result of short-term demand and supply but can be caused by the economic announcement. It is difficult for forex day traders to find which currencies are strong and which one is weak when trading in the Forex market. Normally currency strength meter indicates which currencies are strong and which are weak. The first one is the strong currency and the second one is a weaker currency. If one currency moves heavily on the positive side and the other moves on the negative side. The strength of a currency is determined by its performance compared to other currencies. Related: Pair A Strong Currency Against A Weak One Forex strength meter explained: Ideally one should always trade the strongest currency against the weakest currency. These strengths or weaknesses could be a result of short-term demand and supply but can also be caused by economic announcement results. It is critical for Day traders to know which currencies are strong and which ones are weak when trading in the forex market. The art of matching up strongest vs weakest Therefore, a currency strength must be determined before taking a trading position in currency pairs. Like they say, “The rich get richer and the poor get poorer.” As like that in trading, strong currency moves more stronger and becomes strongest and the weak currency goes weaker and weakest.
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