How to use the currency matrix and currency array together
https://youtu.be/jD1PDzyp090...
Which pairs to choose and how to trade them – all explained here!
https://youtu.be/RALighYqu0Y
Choosing which currency pairs can be a tricky decision, and one each forex trader has to make for themselves, and as this is a frequent question, it's one we answer in this morning's forex session. And always there is no right or wrong answer, only what suits you, and perhaps the key here is patience. If you have the patience to wait, then reducing the number of pairs to trade can be an excellent way to become an expert in one or two, perhaps also with a preferred tactic. However, this can create problems as boredom can often be an issue as other pairs are then sought out, and very quickly all the initial discipline has gone, and the trader is then taking trades in all pairs, as before. So it's not easy.
Another question frequently asked is how to use the currency dashboard and the four trading indicators it contains, and here David walks through the three-step process, with the...
MT5 currency strength indicator in action
https://youtu.be/CVV1hQegI-Q
In this video we show the Quantum Trading MT5 currency strength indicator in action, and focus in particular on the Japanese yen. This has been the ' go to' currency for the last few weeks as risk on and risk off sentiment has ebbed and flowed intraday, and reflected particularly in the yen cross pairs.
In this example we have the 15 minute chart for the NZD/JPY with the currency strength indicator giving us all the clues and signals for this strong trend higher, with the New Zealand dollar being bought strongly, and the Japanese yen being sold equally strongly. The currency strength indicator is now available for both MT4 and MT5 platforms. You can find all the details by clicking the following link - Currency Strength Indicator MT4/MT5...