Today's forex trade ideas, trading tips and discussions for beginners, and the latest news affecting the forex market.
| | | | | | | It was a net losing week for USD | | Last week, traders priced in uncertainty with the latest U.S. government stimulus package, improving global economic data, and lots of mixed commentary from Fed officials. | | | | | | | | How to trade using Andrews’ Pitchfork | | Andrews’ Pitchfork is a channel-based analysis technique developed by Dr. Alan Andrews. Here's how you can draw it and how you can use it for trading. | | | | | | | | Why the stop out level is worse than the margin call level | | If this level is reached, your broker will automatically start closing out your trades starting with the most unprofitable one until your Margin Level is back above the Stop Out Level. | | | | | | | | Here's what happened to the British pound last week | GBP saw a round of choppy, low volatility price action this week as traders battled between global risk flows, speculation of another lockdown in the U.K., BOE speculation and improving U.K. economic data. | | | | | | | | "How can I use my trade bias to determine the best trade entries?" | Forum member Kerry5 writes, "People say determine your trade bias on the higher time frame then scale in to look for the best entry possible but that has been harder than I ever expected." | | | | | | | | | | | | | |
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