How to Compare Relative Strength of Currencies

As a swing trader, I usually monitor 20-30 different currency pairs, and one biggest challenge is deciding which is the best pair to trade at any point of time.

In this instance, the concept of relative strength plays a big role, by helping me compare the strength and momentum of each currency against every other currency to find the pair with the largest potential moves.

And by putting all these together, instead of having to manually plough through 20-30 currency pairs, I can narrow down my work to 5-10 minutes of analysis.

Enjoy the video! 😀

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About the author

Spencer is an avid globetrotter who has been trading, travelling & teaching across 50+ countries, making his first million at 28 and amassing over 300k followers worldwide. As a former professional in private equity and proprietary funds, he has over 10 years of market experience, and has been featured on more than 20 occasions in the media.

 

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