Today's forex trade ideas, trading tips and discussions for beginners, and the latest news affecting the forex market.
| | | | | | | Trading today? Read this first. | | No changes are expected from the RBNZ, but they have been known to surprise traders and spark some action in NZD, making NZD/USD one to watch as it consolidates. | | | | | | | | Trade opportunities on USD/CHF and GBP/NZD | Big Pippin has spotted a potential range trade on USD/CHF and a trend line resistance situation on GBP/NZD. Check it! | | | | | | | | Up 450+ pips so far, Cyclopip adjusts his GBP/JPY trade | The forex gods have smiled upon Cyclopip as his GBP/JPY short idea quickly moved in his favor in a short amount of time. Here's what he's planning on doingto increase his max profit potential. | | | | | | | | Which day is the most volatile day for USD/JPY? | According to MarketMilk's 3-month data, it looks like Friday is the most volatile day for this pair. Take a closer look at the data:
 | | | | | | | | Trading term of the day: Falling knife | | Also known as “catching a falling knife," the phrase falling knife refers to the action of buying an asset which is rapidly declining in price. Here's a detailed explanation on this trading phrase. | | | | | | | | "I just finished my first 20 days of trading. I'm mentally drained. How do you handle mental fatigue?" | Forum member commodguy writes, "I gave myself 20 working days to see how I fared. It is mentally draining. How do you handle mental fatigue? I hold a full time job." | | | | | | | | | | | | | |
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