In this video we explain and introduce the three primary currencies all forex traders need to focus on, namely the USD, the Japanese Yen and the Euro. Three of these indices use a very simple basket of four currencies all equally weighted, whilst the DXY index is created along the lines of the older Dixie index where the weighting of the euro and pound is much greater, with the euro at nearlyt 58% and the British pound at 12% – so a very heavy weighting indeed. Some traders prefer this index, which is why we offer both with a very slight change where we replace the SEK with the AUD. Other then this all weightings are the same for the DXY. These indices are a key part of any forex traders armoury and provide a chart based view of the key currencies which helps to reinforce and underpin the price action on the charts and associated currency specific indicators.

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