Today's forex trade ideas, trading tips and discussions for beginners, and the latest news affecting the forex market.
| | | 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." | | | | | | | | | |
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