Forex Grail Currency Strength Trading Systemon May 22, 2012 at 6:03 am
Forex Grail is a Currency Strength Trading System. The data feed to run the Forex Grail System is free and it works on all charts. Have you ever tried the currency strength theory in your trading? Individual currency strength is dependent on many factors like the interest rates, performance of the economy, and a host of other fundamental factors. Economists call it the purchasing power of a currency. While professional traders use it as an indicator. For using the currency strength as an indicator, it is calculated against a basket of other currencies. This basket of currencies is usually the US Dollar Index.
The basic idea of using the currency strength as an indicator is to buy the strong currency and sell the weak currency. For example if GBPJPY is trending up, you are able to determine using the currency strength as an indicator whether this is due to GBP strength or JPY weakness. Using the currency strength as an indicator will help you determine the most valuable pair to trade. When you track the individual strength of a currency, trends become more obvious and the market starts to give a much clear picture of itself.
How Forex Grail Currency Strength Trading System Works?
Forex Grail Currency Strength Trading System is a software that will show you on a chart the strength and weakness of 8 major currencies. You will often hear that EUR is under pressure and losing ground to USD. Just like it is happening now a days. Sometime, you will also hear that the USD is under pressure and is losing ground to say JPY. How do you know that this particular currency is under pressure and losing ground to the other currency? How do you measure this pressure on a currency? You can only gauge the strength or weaknesses of individual currencies measured relative to a basket of other currencies as explained above.
The Currency Strength Meter used in the Forex Grail is explained in an eBook that will also explain to you how to use this strength or weakness concept of a currency in determining when you should enter into a trade and when you should exit it. With a Currency Strength Meter that measures the strength and weakness of 8 different major currencies, you have a potential 49 pairs to trade. The software used in the Forex Grail System uses a free data feed that is provided by hundreds of brokers.
The crux of this system is to trade the strength against the weakness. After reading the eBook, you will have an entirely new way of looking at a currency. This Currency Strength System uses the fundamental forces of the market that no broker is able to control. Read the eBook and start following the Currency Strength System. You have got 8 weeks of no questions asked money back guarantee. You can try this new Currency Strength concept that many pro traders use on the demo account first and test yourself how it can improve your trading results. If you don’t feel this new way of making trading decisions using the strength or weakness of a currency works, you can always get a refund.