Oct 6

Spot Forex Trading Part 1: Trading with the Trend Posted By : Mark A. Mc Donnell

Category: Forex


Spot Forex Trading Part 1: Trading with the Trend Posted By : Mark A. Mc Donnell
If anyone attempts to trade the spot forex the very first task at hand is to determine if they currency pair they are 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 trend as far as possible.

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Spot Forex Trading Part 3: Parallel and Inverse Analysis Posted By : Mark A. Mc Donnell
Very few spot forex traders conduct any form of parallel and inverse analysis of the major pairs and exotics to determine the best way to trade the forex on a day-to-day basis. Even though 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.

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Spot Forex Trading Part 2: Effective Use of Price Alarms Posted By : Mark A. Mc Donnell
The spot forex is a support and resistance market. Period. Whatever tools and indicators you are using to trade the spot forex market, the experience can be greatly enhanced by understanding near term support and resistance along with longer term support and resistance numbers for the currency pairs of interest.

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