Category Archives for Friday Q&A

Why Did Last Week’s USDJPY Bearish Pin Bar Fail?

Man dealing with failed trade

Happy Friday! This week’s question comes from several traders, who asked: Why did last week’s USDJPY bearish pin bar fail? Losing is never fun, especially when it comes to money. However, it also happens to be the best teacher. Although we always strive to make a profit, chances are you will learn far more from […]

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How to Avoid Impulsive Trades

Impulsive trading concept

Happy Friday! This week’s question comes from Tavi, who asks: I have a habit of making impulsive trades that ruin my chance of turning a profit. How can I fix this? Impulsive trading is something that all Forex traders struggle with, some more than others. Even I make the occasional impulsive trade from time to […]

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How to Cut Losing Trades Short

Man using hand to stop trading losses

I usually kick off the Q&A posts with a question from someone. However, this week I’m going to take a different approach. Last week I covered how to hold winning trades longer, so I thought it was only fitting to write about how to cut losing trades short this week. After all, letting winning trades […]

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How to Hold Winning Trades Longer

Holding winning Forex trades longer

Happy Friday! This week’s question comes from Denise, who asks: One thing I’ve always struggled with is being able to hold my winning trades longer. What can I do to increase my hold time when a trade is working in my favor? Every trader dreams of catching “the big one”. That one trade that runs […]

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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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