Saturday, October 31, 2020

💬 “Beginners fixate on risk and reward but here’s what they should be looking at instead.”

Today's forex trade ideas, trading tips and discussions for beginners, and the latest news affecting the forex market.
October 31, 2020
Do bearish moving average crossovers work on GBP/USD?

Do bearish moving average crossovers work when trading the GBP/USD on a daily chart? Pippo decides to do some research and the results are interesting.

Trend-following, mean reversion, or day trading? Which forex system is for you?

Each type of forex system works for certain trader personality profiles. Do you know which one is best suited for you?

Trading term of the day: Sentiment
Understanding sentiment allows you to judge whether a market is feeling optimistic or pessimistic about the future of prices of an asset, such as a currency. Ultimately though, sentiment is expressed in the price action.
Here's how the major pairs performed this past week

USD/CHF and GBP/USD took the lead this week with NZD/USD taking the top loser spot. Take a closer look at the data:

"There is more to trading than risk and reward. Here's the most important variable in trading."

Forum member steveeperson writes, "The problem is, beginners fixate solely on risk and reward. But I have a secret to share with you that may change the way you trade. The secret that no one ever talks about is this."

Got a question for us?
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