Strength of a reductant (reducing agent) or oxidant (oxidizing agent) can be found out by measuring the relative electrode potential when it's connected in a solution using a cell.
Elements under consideration can be made electrode of a standard cell whose electrode potential is already known.
For example, If Fe3+/Fe is the electrode we want to test with Standard Hydrogen electrode(SHE), then half cell reactions are given below
H++e−→12H2
E⊖=0.0
Fe3++e−→Fe2+
E⊖=0.0
E⊖cell=E⊖cathods−E⊖anode
E⊖cell=0.77−0
E⊖cell=0.77V
Here , E⊖cell>0 so the reaction is feasible i.e, reduction of Fe3+ is spontaneous, Hence, we can conclude that tendency of Fe3+
ion to undergo reduction is more as compared to hydrogen.