Today's forex trade ideas, trading tips and discussions for beginners, and the latest news affecting the forex market.
| | | Trading today? Read this first. | Soon we’ll get the latest monetary policy decision from the Fed. Will we see any surprises to spark further momentum or a big reversal in USD/CHF? Here's what Pip Diddy's looking at. | | | | | Chart pattern of the day: Bear flag | A bear flag is a bearish chart pattern that’s formed by two declines separated by a brief consolidating retracement period. | | | | | Trade idea: Short GBP/CAD | This week, Cyclopip's taking a look at GBP/CAD with top tier potential catalysts coming soon from both the U.K. and Canada this week. Will the range hold if retested? | | | | | AUD/USD currently on its 1-week, 1-month, and 1-year price high | Using MarketMilk's Trading Ranges tool, we can quickly see where AUD/USD's price has been within its high/low trading range on different time frames: | | | | | 2 reasons why you're NOT following your trading plan | Have you ever ditched your forex trading plan? If not, you should read this anyway because you’re most likely lying. 🧐 | | | | | "Veteran traders: Do you use a wide or tight stoploss?" | Forum member FOREXunlimited has this to say about vayne77's question: "No two trades are the same. It’s all contextual and subjective. What’s wide to you, may be tight to me." | | | | | | | | | |
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