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Wednesday, November 7, 2007
Saturday, November 3, 2007
I am sure this sounds familiar, doesn't it? that's why I will send you every morning for a whole month all those trading opportunities I am seeing in my own charts for the upcoming day, so your learning curve speeds up exponentially: not only you will have studied my system over the trading course but moreover you will train your eyes to actually spot the trading opportunities by following my lead and my own setups for a whole month!
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I am fully aware that learning a whole new trading system might be frustrating at times: you understand the system rule-set, you have scrolled back through historical charts to confirm that the system apparently works and you're ready to put as much hard work as needed to trade profitably... But when it comes to actually spotting the trading opportunities in real time you just cannot make it work for whatever reason!
I am sure this sounds familiar, doesn't it? that's why I will send you every morning for a whole month all those trading opportunities I am seeing in my own charts for the upcoming day, so your learning curve speeds up exponentially: not only you will have studied my system over the trading course but moreover you will train your eyes to actually spot the trading opportunities by following my lead and my own setups for a whole month!
Finally, at the end of the trading session, you can compare your trades with my own!
Every day I upload videos with all my trades recorded live on my blog www.hectortrader.com. This way you can easily verify whether you took the same trading decisions and if you did what possible mistakes were made. This will incredibly boost up your training progress because everyday you will have the chance to double-check whether your trades were sound and properly-timed as per my trading system.
You're not only buying a trading system here - it's a full Forex training program!
| Welcome to my Blog, the only resource you will need to start of foreign exchange trading. This website features tutorials and video tutorials to help you get started and resources such as software, forums and trading firms that have been personally tested. The tutorials are meant to give the most basic investor insight in how the forex market works. These range from basic trading techniques, technical analysis, fundamental analysis, to the types of risk and money management needed to become a successful trader. You can also open up a demo account and apply the lessons we have given you to the real time forex market. |  |
For areas of clarification please feel free to send emails directly to me and my staff.
Interactive Forex Charts
Wednesday, June 27, 2007
Intermarket Analysis of Forex Markets
Intermarket Analysis of Forex Markets
Most traders stress the role of fundamental information and historical single-market price data in analyzing markets for the purpose of price and trend forecasting. Traders do need to look back at past price action to put current price action in perspective, but they also need to look forward to anticipate what will happen to prices if their analysis is to pay off in the real trading world.
To be able to look ahead with confidence, however, traders need to look in one other direction, and that is sideways to what is happening in related markets, which has a major influence on price action in a target market. What are the external market forces that affect the internal market dynamics – the intermarket context or environment in which the market you are trading exists?
Moving beyond single-market analysis
Intuitively, traders know that markets are interrelated and that a development that affects one market is likely to have repercussions in other markets. No market is isolated in today's global financial system. However, technical analysis has traditionally emphasized single-market analysis, focusing on one chart at a time and failing to keep up with structural changes that have occurred in financial markets as the global economy has emerged with advances in telecommunications and increasing internationalization of business and commerce.
Many individual traders still rely upon the same types of mass-marketed, single-market analysis tools and information sources that have been around since the 1970s when I first started in this industry. And a large percentage of traders continue to end up losing their trading capital. If you’re still doing what the masses are doing, isn’t it likely that you’ll end up losing your hard-earned money, too?
In the forex markets especially, you cannot ignore the broader intermarket context affecting the market that you are trading. You still need to analyze the behavior of each individual market to see the double tops or broken trendlines or indicator crossovers that so many other traders are following because that's part of the mass psychology that drives price action. However, it is increasingly important that you factor into your analysis the external intermarket forces that influence each market being traded.
Source : By. Louis B. Mendelsohn
Technorati tag : forex online business
Labels: forex
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