Today's forex trade ideas, trading tips and discussions for beginners, and the latest news affecting the forex market.
| | | Here's what happened to the Japanese yen this week | It was a mixed week for the JPY, but ultimately closed as a net winner thanks to negative leaning global risk sentiment and counter currency flows. | | | | | Candlestick pattern of the day: Hanging man | The Hanging Man candlestick can be used to identify a short trade (bearish view) as the long shadow indicates selling pressure. Here's how to identify this candlestick. | | | | | Not a great week for the Canadian dollar. Here's why. | Unfortunately for CAD, traders leaned negative on broad risk sentiment, the economic outlook, and on oil prices. Here's a quick list of events that moved the Canadian dollar this past week. | | | | | 3 guidelines for proper forex trade execution | Do you have an open trade? Make sure to read this post and see if you’re doing all three! Most new traders tend to forget about the last one. | | | | | NZD was a quiet loser this week | All thanks to broad risk sentiment’s lean towards negative, net negative NZ data, and lingering speculation of negative rates coming from the RBNZ. Here's a recap! | | | | | 3 things newbies need to remember if they want to start trading forex | In this Q&A with forum member macilme from Nigeria, he talks about how he discovered forex plus, the three things he thinks beginners need to know if they want to start trading. | | | | | | | | | |
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