The Currency Strength Index shows how major currencies perform against each other in real-time. You can see at a glance which currency is on the rise and which forex resources online is declining, thus giving you valuable information about buying and selling pressure.
To avoid volatility bias, Currency Strength Index is using sophisticated calculation algorithm, which makes it a reliable tool in the decision making process of every trader. The Currency Strength Index is calculated in real-time, on every tick. The calculations are based on the 1 minute time frame. The colored indicator bars and percentage values for each currency are updated automatically every 5 seconds. It is relatively easy to find articles about trading systems that achieve positive long term historical results on highly liquid Forex pairs. However this becomes more difficult as we move to more exotic pairs since trading costs generally make the development of profitable trading systems for these symbols harder.
The entry and exit rules are shown below. Whether you’re a skilled Forex trader or completely new to online trading, our trading platforms give you the tools needed to take advantage of the foreign exchange market’s volatility. With ForexCT it’s simple to get started trading Forex, and it’s easy to get the education needed to hone your skills. You’ll be able to benefit from one on one support from our specialist team and develop your expertise with our professional Forex trading resources and insights. Meta Trader 4’s trading tools and easy-to-use interface are the reason why it is the platform of choice for most traders around the globe. The transaction or operations in the forex or fx markets does involve a substantial degree of risk, and should not be undertaken until the user has carefully evaluate whether their financial situation is appropriate for such transactions.