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MARK MCDONNELL's articles
There are some very simple things a forex trader can try to understand that will increase their trading accuracy in a matter of a few weeks from the more common 99% failure rate to as high as 90% positive trading accuracy with the information in article.
Posted: 2010-07-19
Category: Currency 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.
Posted: 2010-02-15
Category: Currency 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.
Posted: 2010-02-15
Category: Currency 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, build a larger trend.
Posted: 2010-02-15
Category: Currency Trading
The Forex Heatmap ™ is now available to all spot forex traders. The Forex Heatmap ™ 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.
Posted: 2010-02-15
Category: Currency 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.
Posted: 2010-02-08
Category: Currency Trading
