Lite Forex Currency Index Forex trading facility of lite Forex company. There are 8 currency indexes. If you analyze one currency index then you can put 7 trades at one time in one button. The Currency Index goes up when Currency gains strong compared to other currencies. On the other hand, The Currency Index goes down when Currency gains weak compared to other currencies.
When your trading forex Currency Index you must analyze your strategy very well. otherwise, you will lose your money. Because you open seven trades at one time. Therefore your Strategy must be strong. that is an important thing you must keep your mind.
For Example
Once you got GBPLFX Buy Confirmation, On the other hand, GBP Index going to be strong.you can Buy all GBP/XXX currency pairs and you can Sell XXX/GBP Currency pairs.
What are the GBP/XXX Forex currency pairs?
1. GBP/NZD-BUY
2 GBP/CAD-BUY
3. GBP/CHF-BUY
4. GBP/USD-BUY
5. GBP/JPY- BUY
6. GBP/AUD-BUY
What are the XXX/GBP Forex currency pairs?
7.EUR/GBP-SELL
For example.
Once you got USDLFX Sell confirmation, On the other hand, USD Index going to be weak. At that time you can Buy all XXX/USD currency pairs. otherwise, you can Sell USD/XXX forex Currency pairs.
What are the XXX/USD currency pairs.
1.AUD/USD-BUY
2.GBP/USD-BUY
3.EUR/USD-BUY
4.NZD/USD-BUY
What are the USD/XXX Forex currency pairs
5. USD/CHF-SELL
6. USD/JPY-SELL
7. USD/CAD-SELL
After you analyze the forex Currency index with your Strategy you can trade using the dashboard. you can install a dashboard to any Platform you wish. It is very easy to manage trades. In the next post, we will see how to install the currency meter dashboard & how we can trade using the dashboard. Dashboard-currency meter v3 is a forex Expert Advisor.
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