Today's forex trade ideas, trading tips and discussions for beginners, and the latest news affecting the forex market.
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| | Tuesday, June 6th | Sponsored By | | |
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| | | Today's U.S. Session Featured Pair |
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| Trading Today? Read This First. | | | RBA's surprise rate hike got traders buying AUD earlier today! But can the comdoll maintain its gains against the yen? Here's why we're looking at AUD/JPY today. | | |
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| | | | The Strongest and Weakest Commodities Over the Last 7 Days | | | Did you know that you can also use MarketMilk™ to check the relative strength of commodities over a period of time? To get data over the last 7 days, simply choose 4H as your time interval! | | |
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| | | | Quick Retest Before a Reversal on GBP/CAD? | | | Missed this trend line breakdown on GBP/CAD? If you're still bearish, you might have a chance to catch the selloff on this pullback. | | |
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| | | | | CAD/JPY Correction Levels Ahead of BOC Decision | | | CAD/JPY has been forming higher lows for the past few weeks, and it looks like another test of support is in the works. Check out these neat retracement levels ahead of the June 2023 BOC statement! | | |
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| | | | Happening Tomorrow: Bank of Canada's Monetary Policy Statement | | | Will the Bank of Canada keep rates on hold for the third time in a row? Here's an event guide for their upcoming BOC policy decision.
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| | | | | FX Play of the Day: Will AUD/CHF Pull Back From a Key Resistance Zone? | | | Looking for a way to trade AUD after the RBA's surprise rate hike? AUD/CHF may see a pullback from a key resistance level! | | |
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| | | | | "How Do You Become Patient and Disciplined Enough to Wait for the Right Trade?" | | | Forum member ChadPowell writes, "I came across a great sentence on Twitter that got me thinking. It goes like this:
"In trading sometimes 'No Action' is the best thing you can do. You don't get paid for your 'productivity' or 'quantity' of trades per hour, you get rewarded for making an excellent decision on a good trade."
I think this is an important mindset to have for any trader, but it can be difficult to put into practice. How do you become patient and disciplined enough to wait for the right trade? | | |
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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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