Our Forex Trading Blogs
Like everything at Forex4Noobs our blogs don't just tell you about Forex they Show You How To Trade the Forex market. We have two main blogs here at Forex4Noobs, Nick's blog and Fetor's blog. Click the tabs to the left to visit the blogs.
The GBP/JPY weekly video analysis for this week. Have a good trading week.
Chasing and Catching Falling Knives: How to Safely Achieve Forex Profits by Combining News with Technical Analysis
Posted 2 weeks ago
By Kris-matthews
You've probably heard the advice to not "chase the market" but also heard the advice to not "catch falling knives." The former refers to getting into a trade after price has already started moving very fast, while the latter refers to trying to buy at what one may think is the bottom of the market. So what does one do- buy dips or buy when price is moving up? Why do the things in life with largest potential rewards have to be so contradictory?
When I talked about updating Forex4Noobs I said a lot of changes were coming. So over the next few weeks I will be making some posts showing you some of the new features I have added to Forex4Noobs. Let's start with the calculator's. With a lot of help from a member of Forex4Noobs we have built a cool Pip Value Calculator. There have been many times when I have asked myself "if I trade x number of lots how many dollars will I make per pip?". I usually have to figure it out the hard way.
