Thursday, November 12, 2020

₿ Will BTC/USD Stay in the Overbought Zone? | EUR/USD, USD/CAD, and USD/JPY Trade Ideas

Today's forex trade ideas, trading tips and discussions for beginners, and the latest news affecting the forex market.
November 12, 2020
Trading today? Read this first.
With no major catalysts expected, Pip Diddy's checking out this technical pattern on USD/CAD ahead of central bank speak from both the U.S. and Canada.
Trading opportunities on EUR/USD and USD/JPY
Looking to trade the dollar today? You're gonna like what Big Pippin has spotted: two setups on EUR/USD and USD/JPY!
How to trade the news using the straddle trade strategy
 What do you do if you want to let the market decide which side to take? A straddle trade strategy is one you can try. Learn how you can play both sides of the trade in this forex lesson.
According to MarketMilk, BTC/USD is currently overbought

Using RSI, Stochastic, and Williams %R, BTC/USD is currently rated as overbought. Will it stay overbought? 🤔

Are you setting unrealistic trading expectations?

The classic case of having unfulfilled expectations in trading? Sticking to a losing trade. Here's why it's dangerous to have mismanaged trading expectations.

"What should new traders STOP doing in order to succeed in forex?"
From setting ridiculous targets to using too many indicators to looking for shortcuts, this forum thread is a gold mine for trading advice for beginner traders.
Got a question for us?
Send us a message!
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