Unbiased Forex Broker Experts

Visual Currency Strength Meter

What is the secret to making a lot of money in forex?
  • First it is to identify the currency that has the biggest chance to appreciate.
  • Second it is to identify the currency that has the biggest chance to depreciate.
  • Third is to match those two.

First problem. Did the US Dollar appreciate or depreciate this year? Most likely we wouldn't be able to answer that question, because it could've appreciated against Euro and Japanese Yen, but it could've depreciated against British Pound.

Second problem. If we already know the past by having data for last term, and we still can't say which forex currency was the strongest and which forex currency was the weakest, then how in the world can we even try to predict the future that has no data yet?

Solution. This simple currency strenght meter can't predict the future but at least it can help us visualise the past. The grey horizontal bar (or 100 level) represents the neutral position. Majors above this level are appreciating and vise versa currencies below are the depreciating ones.

To discuss how to make money with this currency strength meter, please visit our Forum Thread >>