In this video, Andrew Lockwood from Forex Signals is going to reveal his secret forex trading tool: the currency momentum meter. The currency momentum meter, also known as the currency strength meter, greatly helps forex traders with identifying profitable trade opportunities for momentum trading. This trading tool is incredibly effective whether you’re trading trending markets, counter trends, or ranging markets. Use the currency momentum meter in a low time frame, and it’s an incredible tool for scalping. Andrew is going to teach you the ins and outs of the currency strength meter. After this video, you’ll be using it like a forex trading pro!
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00:00 – Currency Momentum Meter Introduction
01:56 – Currency Strength Meter Explained
02:47 – Currency Momentum Meter Type 1: Moving Averages
06:19 – Currency Momentum Meter Type 2: Index Version
08:40 – Three Ways to Use the Currency Strength Meter
08:55 – Trading the Trend
11:00 – Trading Counter Trend
12:51 – Trade Ranging Markets
14:34 – Outro
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* The information provided in this video is intended for educational purposes only and is not to be construed as investment advice. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. There is a possibility you could sustain losses of some, or all of your initial investment and therefore seek independent financial advice if you have any doubts.
** Andrew Lockwood and our team of mentors will never contact you directly outside of the Trading Room. If any person(s) contacts you via Social Media platforms offering account management or asking for payment, this is not Forex Signals and should be ignored.
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