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Spot Forex Trading Part 5: The Forex Heatmap

POSTED BY admin on Oct 12, 2008 under Finance

The
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.

 

The majority of forex traders don’t know the condition of
the market when they enter a spot forex trade.

 

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.

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