Hypothetical performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particularly trading program.
One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk. Variables such as the ability to adhere to a particular trading program in spite of trading losses as well as maintaining adequate liquidity are material points which can adversely affect actual real tradingresults.”
If you only trade 1 or 2 currencies you will often find times of consolidation and sideways movement. It's hard to make money during these times due to lack of trend and clear direction.
On most days though there is at least 1 currency that is either strong or weak and thus TRENDING!
Our Currency Meter Helps you Find the Strongest Trending Currency Pairs
We teach our traders to
buy the strongest currencies and
sell the weakest.
Specifically you want to:
1) Buy the Strongest Pair vs the Weakest
2) Sell the Weakest Pair vs the Strongest
For example if the US Dollar is stronger than the EUR, GBP, JPY, CHF, and CAD and the Euro is weaker than the GBP, CHF, JPY, CAD then you have a weak Euro and a strong dollar and you want to Sell the EUR/USD.
We've made finding the strongest/weakest currency very simple. Simply load our
Currency Meter.aws workspace and/or add it to your existing trading workspace.
In this example below you can see our Statistical Multimap Indicator showing NET Strength/Weakness for our favorite trading pairs. You can see the EUR/CAD is the weakest followed by EUR/USD and the USD/CHF is the strongest with a positive reading of 22.2.
So the two best trends to get into would be to buy the USD/CHF because the Dollar is strong and the CHF is likely the weakest or sell the EUR/CAD or EUR/USD.
Here's a chart of the USD/CHF and you can see that after 2am EST you buy dips to the lower Keltner channel you had a 40 pip up move, followed by a 20+ pip up move, followed by another 25+ pip up move. The half day trend and 60 min multimap gave you the confidence that this trend was likely to continue which it did.
Please view our Hypothetical Results Disclosure and LeverageFX Disclosures
The below example is of the EUR/USD and because of the Weak Euro and Strong Dollar the EUR/USD is most likely to fall and it does. There are 6 shorting opportunities our Currency Meter helped you catch, the first fell 10 pips, second fell 40+, the third 20, fourth trade fell over 10 pips, fifth trade fell 20+ pips and the last one fell 25+ pips.
Please view our Hypothetical Results Disclosure and LeverageFX Disclosures