A guide to help Forex traders find the best currency strength indicator for their trading needs
A guide to help Forex traders find the best currency strength indicator for their trading needs
Top 4 Currency Strength Meters
We’ve tested many Currency Strength Meter’s over the past few years. Some paid, some free. Some standalone applications, others MT4 EA’s. We’ve even tried website based currency strength meters. To be honest, the results have been mixed.
The biggest problem we’ve found has been accuracy. It’s surprising just how many of these products calculate currency strength values incorrectly. The other problems have been speed and reliability
We’re full time forex traders. We trade the forex market’s daily and use currency strength data to help our trade decisions. So for us, having accurate and reliable data is essential. Incorrect currency strength values can result in costly trade errors. Slow or unreliable currency strength data can result in missed trade opportunities.
After a lot of trial and error, we’ve found a few products that meet our quality requirements. We’ve listed the best of them below.