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Forex Heat Map

FX Heat Map provides a graphical representation of the relative strengths of major currencies relative to others, organizing the data from 20 currency pairs into color-coded results thus producing a clear overview of the whole Forex market.

Most Forex traders overlook the whole Forex market picture, by just looking at one pair and one timeframe. This means that you could buy GBPUSD expecting USD to weaken but if you look at other pairs you may find that USD is rising against other currencies and that buying GBPUSD is not a good choice. Now traders can add the FX Heat Map to their trading tools arsenal to filter trading strategy signals, confirm the analysis and trade with more confidence.






Key

The pair is above prior bar's high
The pair is above prior bar's close but below the high
The pair is flat
The pair is below prior bar's close but above the low
The pair is below prior bar's low

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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

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