![]() ![]() That’s a major distinction to make and why the development of a currency strength meter that can take the pulse of the overall performance of a currency in the market is key. Due to the nature of how currencies trade against each other, whenever there is an imbalance of demand or supply against a particular currency, it must be cross-referenced against another currency, which is why we end up trading pairs. While the name of a stock can genuinely develop a bullish trend by which the value, denominated in the country's local currency, keeps increasing, in the Forex market, that’s not the case. The main distinction when trading Forex vs the stock market resides in the characteristic of how these instruments are traded. ![]() The Forex market comprises a constant flow of buying and selling orders in a range of currencies. **24 March 2019, Ivan Delgado (Global Prime) **- In this article, I will introduce the methodology I use that allows me to monitor the overall strength of a currency vs its peers in order to assess the overall aggregate demand or supply. ![]()
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