Today's forex trade ideas, trading tips and discussions for beginners, and the latest news affecting the forex market. Skip to main content | | | | | | | | Why Interest Rates Matter to Forex Traders | | A currency's interest rate is probably the biggest factor in determining the perceived value of a currency. So knowing how a country's central bank sets its monetary policy, such as interest rate decisions, is a crucial thing to wrap your head around. | | | | | | | Looking for great charting software? | TradingView is cloud-based charting software that's easy and intuitive for beginners, yet powerful enough for more experienced traders. | | | | | | | | | | | | | Candlestick Pattern of the Day: Doji | | |  A Doji is a single candlestick pattern that is formed when the opening price and the closing price are equal. The lack of a real body conveys a sense of indecision or tug-of-war between buyers and sellers and the balance of power may be shifting. | | | | | | | | | | This Past Week's Strongest and Weakest Currencies | | |  USD was in the lead up until CHF snatched the top spot towards the end of the week. JPY meanwhile plunges yet again to take its spot as the weakest major currency this week. MarketMilk™ settings used for this chart: 4H time interval, real time price stream. | | | | | | | | | | | Who is Taking Your Trades? | | | | Being a trader is so much more than having a good trading method. Conquering this market is about being able to fully analyze your trade opportunities first and deciding whether or not to enter second. | | | | | | | | | | "Stop Loss Tips for Newbies" | | | | Forum member steve369 shares his pro trader friend's number one tip: "When entry trading breakouts, reversals, don’t follow the 85% of the herd who place their S/L at the top or bottom of the first candle. That’s easy-peasy money for pros." | | | | | | | | | | | 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. | | Copyright © 2018, All Rights Reserved, BabyPips.com LLC 3900 Westerre Pkwy, Ste 300 | Richmond, Virginia 23233 | | | |
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