Tuesday, November 3, 2020

💬 “What Time Frame is the Most Popular Among Good Traders?” | NZD/JPY, CAD/JPY, and AUD/NZD Trade Ideas

Today's forex trade ideas, trading tips and discussions for beginners, and the latest news affecting the forex market.
November 3, 2020
Trading today? Read this first.
NZD/JPY has a clear technical setup ahead of a potential pickup in volatility with the quarterly New Zealand jobs data right around the corner. Here's what Pip Diddy's going to be looking at.
Trading opportunities on CAD/JPY and AUD/NZD
Avoiding the dollar today? Big Pippin's spotted key inflection points on CAD/JPY and AUD/NZD you’ll want to watch.
Pipcrawler closes his short AUD/USD trade
This short setup quickly worked in Pipcrawler's favor prompting him to adjust his trade to lock in a small profit. Unfortunately, AUD/USD rallied not too long after... here's what ended up happening.
A look at how USD pairs are currently performing

Using MarketMilk's USD Pairs watchlist and turning on the "Normalize" feature for the list, we can quickly see how the dollar pairs are doing... and it's not doing so well. Take a look:

5 reasons why traders give up forex trading

What makes it hard for traders to stick to forex trading anyway? Dr. Pipslow narrows the reasons down to just these five.

"What time frame is the most popular among good traders?"
Forum member dusandjuric writes, "I see people trading 1-minute trades, 1 hour, for days, etc. Which time frame is best?"
Got a question for us?
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