Thursday, October 29, 2020

📈 Bullish MA Crossovers Don’t Work on GBP/USD But This One Tweak Might Fix That | Trading Term of the Day: Whipsaw

Today's forex trade ideas, trading tips and discussions for beginners, and the latest news affecting the forex market.
October 29, 2020
Bullish MA crossovers don't work on GBP/USD. Here's a tweak Pippo's trying out.

Bullish moving average crossover don’t’ seem to work on GBP/USD. But Pippo has an idea that might just help. Find out in this post if his idea works.

Trading term of the day: Whipsaw

whipsaw is a slang term used by traders that describes the condition of a highly volatile market where a sharp price movement is quickly followed by a sharp reversal.

Take this quiz about intermarket correlations!
What type of relationship usually exists between the U.S. dollar and gold?

A. Inverse
B. Direct
C. No relationship
Which major pair has been the most volatile within the last week?

Looking at MarketMilk's data on the 4-hour volatlity over the last seven days for the major pairs, it looks like USD/CAD has been the most volatile, moving at an average of almost 56 pips:

10 forex trading tips for newbies from real-life traders

Here are some words of wisdom for forex newbies from experienced traders themselves. Jumpstart your trading career with these helpful tips!

"Can a FREE forex trading system be profitable?"
Forum member Hefoba writes, "If one system makes money, why would someone give it for free? Feel free to explain to me why free systems can make money."
Got a question for us?
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