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hi this is greg secker coming at you from my trading den and today i want to show you how you can use the dollar index as a very useful indicator in your forex trading as traders are always looking for a way to see as clearly as possible what currencies are moving in the marketplace and we find that the dollar index gives us a very useful insight into a dollar strength so lets dive in and see what the dollar index is how it can be used in your forex trading thats coming up right here right now [Applause] if you know anything about the financial markets youll have heard about the top stock indices such as the dow jones the nasdaq the ftse 100 and so on but youll also be surprised to know that the dollar has a similar index of its own just as the stock indices are a basket of carefully chosen stocks that indicate the relative strength of weaknesses of stocks in the market as a whole so the dollar index is a basket of currencies which are chosen to show the dollars relative strength