Today's forex trade ideas, trading tips and discussions for beginners, and the latest news affecting the forex market.
| | | | | | | The 6 most common chart indicators | | From Bollinger bands to ADX (Average Directional Index), here's a quick outline of the features of the six most popular chart indicators used for trading. | | | | | | | | Why you should aim for a 3:1 reward-to-risk ratio | To increase your chances of profitability, you want to trade when you have the potential to make 3 times more than you are risking. Here's why. | | | | | | | | Trade Idea: Downtrend bounce on USD/CAD? | Markets are on the move after the latest FOMC meeting minutes were released. Is this a real shift in sentiment or an opportunity to play the downtrend in USD/CAD at a better price? | | | | | | | | 4 NZD pairs oversold, 3 overbought | If you've ever wondered if it's possible to see pairs clearly in the overbought/oversold sections, here's a great example. These are NZD pairs using Williams %R + real-time price stream:
 | | | | | | | | "Will learning price action trading help me with trading using indicators?" | Quadpip replies to jbradshaw1995's question with, "Unfortunately people have sullied price action by drawing trend lines and candlestick formations. None of these things have any relevance to price action." | | | | | | | | Today's Featured Pair: GBP/JPY | With data ahead from both the U.K and Japan, will we see momentum pick up in Guppy or will the support and resistance levels hold once again? | | | | | | | | | | | | | |
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