Today's forex trade ideas, trading tips and discussions for beginners, and the latest news affecting the forex market.
| | | | | | | Trading today? Read this first. | | We’ve got strong momentum on GBP/JPY but with the pair testing a strong support area, will the bulls jump in or will the bears find a way to keep the trend going? | | | | | | | | Quiz Question: Typically, traders use the ADX to determine what? | A. the end of the current trend
B. whether the trend is bullish or bearish
C. the strength of the current trend | | | | | | | | Trade idea: Will the S&P 500 bounce this week? | | In a strong bull market, which is what the S&P is currently in, dips are gifts. Is it time to BTFD? Here's what Pippo thinks. | | | | | | | | NZD/USD's most volatile trading days | Using MarketMilk, we can see NZD/USD's most volatile trading days within the last 30 days. It moves an average of of 62.9 pips with most of the action happening on Wednesdays and Thursdays!
 | | | | | | | | Trading term of the day: Short squeeze | | A short squeeze happens when there is excess demand and a lack of supply for a particular financial security. Here's what happens and how that translates to the forex market. | | | | | | | | "How do I calculate how much the position I'm taking is costing my account base currency?" | Forum member Lyndsey asks, "So for example I want to work out how much a particular amount of units translates to in Euros per pip. What calculation do I need to get to the magic number?" | | | | | | | | | | | | | |
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