Today's forex trade ideas, trading tips and discussions for beginners, and the latest news affecting the forex market.
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| | Tuesday, August 1st | Sponsored By | | |
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| | | | WTI Crude Oil (USOIL) Testing Long-Term Range Resistance | | | Crude oil has been on a tear lately, taking it to the top of its range visible on the daily time frame. Will it retreat from here? Or can it extend its gains past this resistance zone? | | |
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| | | | | Major Pairs' Price Deviation From the Moving Averages | | | Did you know that you can use MarketMilk™ to quickly check how far above or below a currency pair is trading from a chosen moving average? You can choose from up to six MAs! | | |
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| | | | | FX Play of the Day: AUD/JPY's Potential Return to Its Uptrend | | | The RBA did some damage on the Aussie's prices today! Will AUD buyers find enough friends to restart a previous uptrend? | | |
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| | | | | 3 Tactics for Trading Like a Military Strategist | | | As in warfare, the elements of risk, uncertainty, and danger in forex trading are always present. Here's how you can use a military strategist's approach in the markets. | | |
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| | | | | Trading New Zealand's Employment Report Today | | | Any chance the RBNZ could resume its tightening cycle soon? The quarterly jobs report might have some clues! | | |
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| | | | "How Long Before You Move Your Stop Loss to Breakeven or Better?" | | | Forum member samewise writes, "So I have a profitable trade at the moment. My TP is like 55 pips from my entry. My SL was 26 pips from my entry. I'm about 35 pips in profit right now on EURJPY.
What do you all do with your SL? Like when do you move it to break even or even higher? Do you stick to your guns waiting for your TP to hit or what? Maybe it depends on if you're watching the charts?" | | |
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 | BabyPips.com helps individual traders learn how to
trade the forex market. | We introduce people to the world of currency trading, and provide educational content to help them learn how to become profitable traders. We're also a community of traders that support each other on our daily trading journey. |
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