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So far ForexFool has created 15 blog entries.

Forex Lesson From Tom Brady And The Patriots

Whether you like them or hate them, you got to respect them. Especially after that spectacular Super Bowl 51 performance. The Patriots have just set a record for the biggest comeback in Super Bowl history.  Keep and open mind, they may teach you the best forex lesson you will ever learn. How Does This Apply To Forex? There is a football team, in the NFL, that has a system so perfect that they are now [...]

By | February 10th, 2017|Forex Education|1 Comment

How to Use Currency Pairs to Your Advantage

Currency pairs are a mechanism that compares two separate countries’ currencies against one another. The relationship between the two currencies is inverse, which means that, if one goes up, the other must go down. Why Were Currency Pairs Created? Currency pairs allow the foreign exchange market to decide which currency is stronger based on technical indicators and fundamental analysis. Moreover, it determines the exchange rate at any given time. For example, not too long ago [...]

By | July 12th, 2016|Forex Education|0 Comments

How to Find the Best Forex Mentor

As in any exciting and difficult venture you will take in your life, you will need someone to talk to about your struggles and ask for advice. Currency exchange is no exception. Finding the best forex mentor is more of a journey than a transaction. Many forex mentors promise (crazy) results in a matter of months. My opinion is that they are just trying to pull a quick one on you and take your money. [...]

By | July 6th, 2016|Forex Resources|0 Comments

Trade Idea – USD JPY Prints Strong Bullish Candle

USDJPY Prints a Strong 4 Hour Bullish Candle After failing to create a lower low on the 4H chart, USDJPY prints a strong candle just above the previous high. The close on the bullish candle printed a few pips above the last high, indicating that the market would move up a bit more before taking another dip. This is always a fun opportunity to take a handful of pips. USDJPY Losing Momentun on Weekly [...]

By | March 21st, 2016|Trade Ideas|0 Comments

AUD USD – Testing Resistance

After a long and comfortable downtrend, it looks like AUDUSD is turning around and going to test a key resistance level. But it's safe to say that forex wouldn't be so much fun if it wasn't for these moments. Many traders like to try and guess during these uneasy times, however, sometimes it is better to sit back and watch the market do its thing. Important Points to Consider When Testing Resistance One of the [...]

By | February 24th, 2016|Forex Education|2 Comments

Trade Idea – NZD USD – 02-17-2016

This is a follow-up to the Trade Idea - NZD USD - 02-12-2016 recently posted. The previous trade consisted on a sell limit placed after the third touch on the downward trend (see post picture above). That particular trade I had no complaints about and the reason I traded the opposite way a few days later was because the price action was responding really well to the upward trend line, which also had 3 touches. [...]

By | February 19th, 2016|Trade Ideas|1 Comment

Trade Idea – NZD USD – 02-12-2016

This is by far one of my favorite types of trades, 02/11/2016. If you believe that trading with the trend is important, you will love this trade. Also, as I mentioned on Forex Money Management Tips, I am big about entering at the right time. What really drew me to take this trade was essentially the downward trend line with 3 touches and the way the price action was acting around the line when it [...]

By | February 13th, 2016|Trade Ideas|0 Comments

Trade Idea – EUR USD – 01-29-2016

Found a nice sell trade today, 01/29/2016, on the EUR/USD cross. The reason this trade was so appealing to me was because of the strong touches on the green line. Moreover, the pivot point (R2) met well with the trend line. I usually enter a trade like this for an easy 40 pips. In this case 47 pips. EUR/USD - Trend Trade This trade closed for a profit about 9 hours later. I adjusted the [...]

By | January 30th, 2016|Trade Ideas|3 Comments

3 Forex Market Hours Questions You Need to Consider

The importance of forex market hours is as big as the type of strategy and money management you choose to use. Every new trader romanticizes the idea of trading thanks to Money Never Sleeps and the Wolf of Wall Street, but the truth is, that most successful trading is boring trading. How does make money while you sleep sound? When I first started trading I was all about waking up at 6am for the United [...]

By | January 8th, 2016|Forex Resources|4 Comments
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