Forex Gump

Forex Gump


Learn forex currency trading online with the FX-Men and get your pippin' on!

137168 followers  •  2015 follow  •  Eastern Time (US & Canada)  •   http://www.babypips.com/

The 5 Deadly O’s of Trading: What Traders Do To Guarantee Their Own Failure

tweet picture

True or False: In order to make it back to your original account size, you just have to win the same number of trades that you lost. Think you know the answer? Take this quiz!

"The first pre-requisite to identifying a healthy pre-breakout situation is having a clearly defined barrier in the form of a support or resistance level." -2ndSkiesForex, Forum Member

We send a daily forex newsletter to help you get your forex edge. Subscribe here:

tweet picture

Which day of the week has the largest potential for reversals? Think you know the answer? Take this quiz!

"My trading dramatically improved when I..." #forumfind  #babypips 

#ForexLesson : Think the stock market is huge? Think again. Learn about the LARGEST financial market in the world and how to trade in it.

All traders will eventually experience a losing day, so you should always have an intraday maximum trading loss level set. Dr. Pipslow gives us his personal suggestions.

"If a trader does not have the discipline, is very emotional, unstable, and doesn’t have a good way of living then he should forget about holding the “trading” title for his own good." -Xavier R

Loading
Loading

When a support or resistance level breaks, the strength of the follow-through move depends on how strongly the broken support or resistance had been holding. Learn more about support and resistance here:

tweet picture

[QUIZ] Can you recognize these common Japanese candlestick patterns?

The hammer is a bullish reversal pattern that forms during a downtrend. It is named because the market is hammering out a bottom. The hanging man is a bearish reversal pattern that can also mark a top or strong resistance level. Learn about them here:

tweet picture

"My advice to newbie traders is just try to find something in trading that goes beyond just money. Trading is one of the most interesting and challenging professions." -PipWhip

The inverted hammer that occurs when price has been falling suggests a reversal. The shooting star is a bearish reversal pattern that looks identical to the inverted hammer but occurs when price has been rising. Learn more about them here:

tweet picture

According to Scott Carney, a firm believer in harmonic price patterns, the Crab is the most accurate among all the harmonic patterns. This pattern has a high reward-to-risk ratio because you can put a very tight stop loss.

tweet picture

As time went by, the popularity of the Gartley pattern grew and people eventually came up with their own variations. Are you familiar with these patterns?

How to Use Fibonacci Extensions to Know When to Take Profit #fibonacci  #forexlesson  #babypips 

Trading for a living can be a dream come true, but it can also be a nightmare. If you believe trading is easy, you’re done before you even started. Trading is not easy.

The inverted hammer and shooting star also look identical. The only difference between them is whether you’re in a downtrend or uptrend. Learn more about them in this #babypips  lesson:

tweet picture

Loading
Loading