How to Find BEST Currencies to Trade

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Any Forex Trading System will do BEST if traded on the currency pairs that are most trending or are most likely to go into counter trend mode. Trading choppy, sideways range bound currencies is not only a waste of time but is usually guaranteed to lose you money.

We use the popular Total Strength indicator which measures statistical trend intensity of every currency vs every other one.

Thus if the Euro, EUR is going up against the USD, JPY, GBP, CHF, CAD, AUD, NZD then it has 100% breadth and is extremely strong.

Now the fun part! How you can make money when you know the strongest trending currency or currencies.

You want to find the STRONGEST currency and the WEAKEST. You want to buy the STRONGEST currency vs the WEAKEST on pullbacks or 1 to 2 hour sideways narrow range consolidation breakouts. When the weakest currency is the top currency you sell it against the STRONGEST currency or currencies.

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Summary: Half the battle of trading is being in the most trending currencies. Analyzing the cross currency strength and trading the most strong currency vs most weak makes Forex trading easier.

Examples:

If EUR is strongest and JPY weakest you then buy the EUR/JPY

If GBP is strongest and CHF weakest you then buy the GBP/CHF

If the AUD is weakest and USD strongest you sell the AUD/USD

If the USD is weakest and CHF strongest you sell the USD/CHF

Most professional traders also use many other commonly available tools such as moving averages, Fibonacci Levels and Support & Resistance zones to more closely pinpoint likely lows and highs for ideal entries.

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Best Forex Automatic Robot Program and other Related Resources:

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