Today's forex trade ideas, trading tips and discussions for beginners, and the latest news affecting the forex market.
| | | How to measure the strength of a breakout | In this forex lesson, we show you a couple of ways to tell whether or not a trend seems to be nearing its demise and a reversal breakout is in order. | | | | | Candlestick pattern of the day: Evening doji star | This Evening Doji Star acts as a bearish reversal of the upward price trend because price rises into the pattern and breaks out downward. Here's how you can identify it. | | | | | Pipcrawler's discretionary day trading framework | Discretionary day trading can be a challenge as it involves mixing together the two main disciplines of determining entry/exit points and direction (TA/FA), and keeping up with the dynamic shifts in both. Here's how he makes it work. | | | | | How did the major pairs end this week? | Using MarketMilk's price change comparison for the major pairs, we can see which ones ended the week in the green and which ones ended in the red. Here's a look: | | | | | Can you really remove emotions from your trading decisions? | Decision making without emotional involvement is actually not optimal and maybe even impossible because emotions aid in four key functions in decision making. | | | | | "Is it advisable to have multiple take profit levels?" | Forum member Chancykibombwe writes, "If my position size is 0.6. is it advised to separate the trade into 2 trades one 0.3 and the other 0.3 just to have different TP levels?" | | | | | | | | | |
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