Trading forex can be straightforward if you start at the right place, and that place is with the currency strength indicator from Quantum Trading. The forex market is one of mean reversion and so currencies are in a constant state of flux and revealed for you visually on the currency strength indicator.
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It's all about risk-on and risk-off sentiment trading currencies and why they move from overbought to oversold and back again, all of which is revealed in the key relationships which are all explained in The Complete Forex Trading Program and of which forex sits at the heart. It is the gateway through which
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How Do You Decide Whether to Take a Trade? Use the Chart and the Indicators
Deciding whether to take a trade is a key skill. Emotions often cloud judgment. The answer is simple: use the chart and the indicators. They provide objective signals. This removes guesswork and builds discipline. Use the chart and the indicators as explained on the NinjaTrader platform and the AUD/USD on 15 minutes.
Step 1: Read the Chart with Volume Price Analysis
Start with the chart. Volume price analysis (VPA) is essential. Look for price action supported by volume. High volume on up candles shows buying conviction. Low volume warns of weakness. Anna Coulling's methodology focuses on this truth behind price.
Step 2: Confirm with Indicators
Use indicators for confirmation. Quantum Trading tools like Trend Monitor or Currency Strength validate signals. Avoid trades without alignment. Multiple timeframes add context—daily for trend, lower for entry.
Practical Decision Framework
Ask: Does volume confirm price? Do indicators agree? Is risk managed? If yes, take the trade....
Using the Currency Strength Indicator to Identify Forex Trading Reversal Opportunities
As we approach the year-end, for forex traders this represents a great time of year with plenty of volatility as volume falls in the run up to the holiday season. But this delivers plenty of excellent trading opportunities and the starting point as always is the currency strength indicator which helps to identify when a currency is overbought to oversold and hence guides you to the opportunities immediately. From there, it's off to the charts, and check out the volume associated with any moves as you look for primary to primary trend reversals.
The currency strength indicator is a key tool for spotting forex reversals. It ranks currencies by relative performance. Extreme readings often signal overbought or oversold conditions. This highlights potential turning points before price fully reacts.
Combining with Volume Price Analysis
Volume price analysis (VPA) strengthens reversal signals from the indicator. Look for divergence: a currency at extreme strength but price...
With the Quantum Trading Education fully funded forex account you now have the chance to learn and then leverage that knowledge to earn a monthly income. And the best part of all it is risk free as you are trading someone else's money...not yours!
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