Category Archives for Friday Q&A

Should You Use a Martingale Forex Strategy?

Man gambling with chips using Martingale

Happy Friday! This week’s question comes from Josiah, who asks: I’m intrigued by the idea of using a Martingale Forex strategy. What is your opinion of them? Wouldn’t it be nice if a $200 trading robot could make you millions? And best of all, you wouldn’t have to lift a finger once it was properly […]

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How Much Money Can You Make Trading Forex?

Currencies of the world

Happy Friday! This week’s question comes from Martin, who asks: How much money can I make per month trading Forex? Admit it, this is one of the first questions you asked when you entered the Forex market. There’s no shame in it. I certainly wanted to know how much I could make when I started […]

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Does Daily Price Action Offer Trade Signals?

Image of Forex buy and sell trade signals

Happy Friday! This week’s question comes from ‘many different people’, who ask: Do you offer trade signals so I know when to buy and sell? I receive more than 1,000 emails and messages per day (yes, 1,000 each day!). It usually works out to between 30,000 and 40,000 per month and it’s on the rise. […]

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How Are Market Liquidity and Volatility Related?

Man looking at candlestick chart

Happy Friday! This week’s question comes from Abayomi, who asks: What is the meaning of market liquidity and volatility? Are they related? To the novice trader, terms like liquidity and volatility can be intimidating. Not only do you need to fully comprehend terms like these, you also need to know how to apply them to […]

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How to Determine Profit Targets at All-Time Highs or Lows

Chart on chalkboard showing all-time highs

Happy Friday! This week’s question comes from Adrian, who asks: How can I determine a profit target if a market is at all-time highs or lows? One of the most effective ways to find profit targets is to use key levels in the market. A resistance level can serve as a target in an uptrend […]

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How to Make It Easier to Trust Your Forex Broker

Person trusting another on a mountain

Happy Friday! This week’s question comes from Nadine, who asks: I think I’ve found a good Forex broker, but how can I trust an entity I barely know with my money? One of the most important decisions you will make as a trader is which Forex broker to trust with your money. You don’t want […]

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How Much Forex Leverage Should You Use?

Scale showing forex leverage

Happy Friday! This week’s question comes from Roberto, who asks: How much leverage should I use when trading Forex? The topic of leverage in the Forex market tends to cause a lot of confusion. What is it and how does it work? Are there advantages or disadvantages? Unfortunately, the answers to these questions often go […]

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Should You Use the 4-Hour or Daily Time Frame (or Both)?

World map and clock showing trading time frames

Happy Friday! This week’s question comes from Marguerite, who asks: Which is better to use, the 4-hour time frame or the daily? It’s no secret that I favor the higher time frames. I’ve found them to be far superior in every way compared to something like the 15 minute or even 1-hour time frames. But […]

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Is It Possible to Know the Market’s Next Move?

Man trying to predict future direction of currencies

Happy Friday! This week’s question comes from Jerald, who asks: Is it possible to know where the market will go next? Everyone wants to know whether the EURUSD is about to move higher or lower. The same applies to the GBPUSD, USDJPY and every other major and minor currency pair in existence. And why shouldn’t […]

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How Many Trading Strategies Do You Need to Succeed?

Woman thinking and staring at light bulbs

Happy Friday! This week’s question comes from Moshood, who asks: How many trading strategies should I have when trading the Forex market? There are thousands of trading strategies available to the Forex trader. In fact, when you account for the infinite number of technical indicators available, the possibilities are limitless. It’s easy to think that […]

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