Wednesday, August 5, 2020

💬 Why This Trader Thinks Indicators are NOT the Solution to Making Money in Forex | GBP/USD, USD/JPY, and NZD/CAD Trade Ideas

Today's forex trade ideas, trading tips and discussions for beginners, and the latest news affecting the forex market.
August 5, 2020
Trading opportunities on USD/JPY and NZD/CAD
We’re looking at a mix of majors and crosses today as we check out a possible continuation on USD/JPY and a retracement opportunity on NZD/CAD.
Price action and why this trader thinks indicators are NOT the solution to making money in FX
Forum member QuadPip writes, "I settled on learning price action. I would stare at the charts at all waking moments and watch the price as it unfolded in real-time. Slowly, I began to see the patterns and things started making sense to me."
Trade Idea: Long GBP/USD
Pipcrawler's checking out GBP/USD this week as it looks like the recent strong rally higher has run out of steam. Another buying opportunity ahead to play the trend?
MarketMilk's Metals Watchlist

Whether you trade gold and/or silver or just want to keep an eye on how they're doing, you can now easily do that by checking out MarketMilk™'s metals watchlist!

This week's crypto price analysis: Time for corrections?

The crypto gang needed a quick break from their recent rallies and might draw more bullish energy with these potential pullbacks. Here's Big Pippin with this week's crypto price analysis!

Trading today? Read this first.

Like most Sterling pairs, GBP/JPY has calmed down after a strong rally last week. Is this a potential setup ahead of the BOE statement? Here's what Pip Diddy's looking at.

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