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Category Archives for Friday Q&A

Why Do Most Forex Traders Fail?

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Man failing at trading Forex

Happy Friday! This week’s question comes from Manny, who asks: Hi Justin, why do you think so many Forex traders fail to make money consistently? Trading Forex successfully is one of the most difficult endeavors you will ever pursue. If you’ve been trading for a minimum of a few months, you’ll know I’m not exaggerating. […]

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How to Enter a Market Before the Breakout

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Businessman using crystal ball

Happy Friday! This week’s question comes from Sherry, who asks: How can I overcome the fear of missing out just before a market breaks out? I’ve gotten better at identifying patterns and momentum, but often miss moves because the market doesn’t retest the broken level. Trading breakouts is one of the most enjoyable and profitable […]

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How Did I Know the GBPJPY Was Going to Drop?

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Flags of United Kingdom and Japan

Happy Friday! This week’s question comes from Asha, who asks: How did you know the GBPJPY was about to drop hundreds of pips? I thought the pair was in an uptrend. Thanks! The truth is, I might be getting ahead of myself with this post. As I’m typing the GBPJPY is still in the process […]

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How Do You Define a Forex Breakout?

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Hand breaking through wall

Happy Friday! This week’s question comes from Margaret, who asks: How do you define a breakout in the Forex market? I would bet that most Forex traders can identify a breakout. As the name implies, it’s when a market breaks out from a key support, resistance level or technical pattern. Sounds simple enough, right? But […]

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

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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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