TradeProfits

Free Currency Meter – 7 Best Ways to Profit

Posted on 11. Mar, 2010 by Jakob.

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Henry Liu is the creator of a free currency meter. I have written about this a couple of times before, as I really like this tool, and apply it when I trade. Apparently Henry Liu has received a lot of questions about how to utilize the currency meter, so now he has created a short video where he shows you 7 different ways, in which you can use the currency meter, in order to optimize your trading. As Henry is into news trading, the first idea is to use it right after a news release, so you can trade the strongest currency against the weakest. The second idea is to use it, in order to identify the market trend, which you can do by a single look at the currency meter, rather than going through all the different charts. The third idea is to identify the risk aversion sentiment, which is shown by a strong USD and strong JPY, and then trade based on a strong risk aversion. The fourth idea is the exact opposite of identifying risk aversion, namely to identify risk appetite sentiment. Next off Henry shows you how you can use the currency meter to refine order entries, by not entering trades in pairs which shows the max. or min. due to the likelihood of a reversal. The sixth idea it to use the currency meter in order to identify pullbacks. This is really smart, and something I have never thought about before. Finally Henry uses the currency meter in order to identify a reversal. I have just covered the main points here. You should go and check out the video and get all the details here. Read more... (369 words, estimated 1:29 mins reading time)

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14 Cool Forex Freebies you should Know About

Posted on 24. Jan, 2010 by Jakob.

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I have posted about most of these before, but I thought I would sum it all up in one post. These are great resources for forex traders, and they are free. Check it out and throw a comment. Do you have any additional ones we should know about? Feel free to share your thoughts. Read more... (1065 words, estimated 4:16 mins reading time)

This is a preview of 14 Cool Forex Freebies you should Know About. Read the full post (1065 words, estimated 4:16 mins reading time)

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Currency Meter 2.0 from Henry Liu

Posted on 16. Dec, 2009 by Jakob.

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In this post, I wrote about a free currency meter, developed by Henry Liu. It is a great extra little tool to have, when you trade the forex market. However, it did have some minor issues; specially there was a problem with the size, which gave some users problems to see the actual numbers. In the new version you are able to change the size of the currency meter, so this is no longer a problem. In addition to this, the commercial banners have been removed, the CPU load and tasking have been improved, and a text field has been added so you can add your own symbols. I have tried it and it definitely a lot better than the first version. For the time being, the Currency meter is still free. Check it out here.

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