Forex Trading Tips

TheRaven asked:


I am a little confused with an aspect of foreign currency trading. Today, for 1 US Dollar you would get roughly .50 cents in British currency and for 1 British Pound, you could get almost 2 Dollars US. Does this mean that if the British were to come here, they would actually be making money? Because when I looked at it from another viewpoint, it seems to me that people don’t really make money, as in the case with the British coming to the US), but that objects are of the same value, just different currency. How does that work?

fxbootcamp asked:

The British pound had been weak since the London open, and that theme continued through today’s New York session. A pullback in today’s downtrend on the GBP/USD currency pair provided a short trade entry prior to the open of US equity markets. Traders who took profit at the 2-week trendline netted 125 pips.

fxbootcamp asked:

The British pound started today’s London session on a weak note. As visual support on the GBP/USD broke minutes before the open of today’s New York session, the momentum of the pound’s weakness accelerated. Those traders who entered a short trade on the subsequent pullback, then exited the trade at the touch of the daily M1 pivot point, realized a generous 300-pip profit.

FXReturn asked:

Forex|Trading|TechnicalAnalysis| We take an in depth look at the EUR/USD,British Pound GBP/USD and the Japanese Yen USD/JPY in this Market Quickview Forex Video. We will go over all the important levels to consider and provide Technical Analysis insights for the coming week, along with all the high impact News Events that can move the Forex Market this week.