Spot Forex Trading – Trading with the Trend
author : admin. category: Forex Trading
If anyone attempts to trade the spot forex the very first task at hand is to determine if they currency pair they are considering buying or selling is in a trend. The next step would be to wait for an entry point into the existing trend and ride the trends of the forex as far as possible.
How far is as far as possible? Well, the stronger the trend and the trends on the larger timeframes the longer you ride it. Short term trends are fine (далее…)
Spot Forex Trading – Effective Use of Price Alarms
author : admin. category: Forex Trading
The spot forex is a support and resistance market. Whatever forex tools and forex indicators you are using to trade the spot forex market, the experience can be greatly enhanced by understanding near term forex support and resistance along with longer term forex support and resistance numbers for the currency pairs of interest.
Every spot forex trader and the major forex trading institutions are watching critical areas of support and resistance (далее…)
Spot Forex Trading – Parallel and Inverse Analysis
author : admin. category: Forex Trading
Very few spot forex traders conduct any form of parallel and inverse analysis of the major currency pairs an exotic currency pairs to determine the best way to trade the forex market on a day-to-day basis. Forex traders do this in spite of the fact that it would be nearly impossible to trade the forex successfully not knowing where the overall strength and weakness was in the spot forex across multiple pairs or the entire forex market.
Spot Forex Trading – The Forex Heatmap
author : admin. category: Forex Trading
The Forex Heatmap в„ў is now available to all spot forex traders. The Forex Heatmap в„ў gives any spot forex trader an easy to in interpret data visualization tool that organizes the data from 25 currency pairs into a visual map of the spot forex for fast and accurate spot forex trade entry decisions.
The vast majority of forex traders don’t know the condition of the forex market when they enter a spot forex trade.
Spot Forex Trading – Multiple Timeframe Analysis for the Spot Forex
author : admin. category: Forex Trading
Multiple time frame analysis is the inspection of forex trend indicators, starting with the largest trends and timeframes, and working backwards down through successively smaller timeframes to see how the smaller timeframes and trends feed the larger ones. When the smaller timeframes are in agreement with the larger forex trends you can enter a spot forex trade. If no forex trends exist the smaller timeframes and trends will, at some point, (далее…)