Spot Forex Trading Part 5: The Forex Heatmap
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gives a spot forex trader an easy-to-interpret forex data visualization tool
that organizes the data from 20 currency pairs into color-coded results for
fast and accurate entry decisions.
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The majority of forex traders don’t know the condition of
the market when they enter a spot forex trade.
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There are two reasons for this. The first one is ignorance.
Most forex traders trade one pair like the EUR/USD and are looking at off-the-shelf
standard technical indicators on one timeframe. They continuously force trades
into the EUR/USD when there is no trade there at all. In the meantime other
pairs are moving hundreds of pips, they simply cannot see the larger picture.
The Best Forex Trading Strategy
You’ve found one of the best forex trading strategies and after testing it for weeks, it’s time to trade your live account. You know the rules of the system and know if you stick to them, you will be very profitable with this system. But as your first few trades start going against you, you start second guessing your forex trading strategy.
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