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Forex Trading

Today Trading Signals

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GBPUSD is trading close to 1.3050 level amid acrimonious Brexit talks. Last week, GBP progressed on the appointment of Rishi Sunak as the new Chancellor of the Exchequer. Today, we may see the pair giving away some of the recent gains. The UK calendar is empty for today.
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The British pound was boosted after PM Johson nominated Sunak as Chancellor. The change paves the way for infrastructure spending. Yesterday, GBPUSD gained over 100 pips reaching 1.3050 level. Investors are betting on Sunak to neglect the deficit obligations and to increase debt. The US Retails Sales are next.
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The euro remains pressured after Germany reported 0% growth in Q4 for 2019 which is worse than expected. The Eurozone GDP forecast also doesn't look very bright and could also point to zero growth. Forex traders will also follow the US Retail Sales data which is scheduled for 13:30 GMT later today.

Trading Strategies

Best forex strategy - How bankers trade forex
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This forex strategy is not about magic indicators that will give you the best signals and you will make loads of money. It is about understanding the fundamentals in forex trading and learning who is driving the market.

Best forex correlation strategy - How to trade
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In this forex strategy, we will show you how to profit on major releases, such as monetary policy meetings and nonfarm payrolls. You don’t need to be an expert in fundamentals to understand the strategy, but you should at least learn some basics.

Most accurate forex strategy - How to trade pullbacks
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Trading pullbacks could be a profitable strategy, you sell the pullback in a downtrend and you buy it in an uptrend. It looks easy on a screenshot, but defining your entry when you trade live is not always so clear. Make sure to trade not only with the trend but also with the market sentiment.

Trading Lessons

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The Elliott Wave theory is one of the most popular subjects in trading and many traders claim that it actually works, so you better pay attention to this lesson. As a forex trader, you obviously want to know when to enter and when to exit the market. Mr. Elliott’s theory might give you some clues.

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The flag patterns are continuation patterns, which means the price enters a brief consolidation period before it continues in the trend direction. Traders would expect to recognize bullish flags on up trends and bearish flags on down trends.

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Candlestick price action makes use of the hollow (or filled) candlestick pattern and the wicks (or shadows), which determine the open and close and the high and low, respectively. Based on distinct patterns, candlestick price action can help traders to determine what is happening in the forex and crypto markets.

Brokers Guide

Best Forex Brokers 2019 - How to find a good broker
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It is not always easy to find a good forex broker because there are so many shady brokers located in offshore countries who work like casinos. They operate unregulated and lure new customers with higher leverage and sign-up bonuses.

Fortrade Review
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Fortrade is a STP forex broker regulated by FCA (UK) and ASIC (AU). The company is based in London, UK and offers Forex and CFD trading on a custom web platform. Retail traders can use leverage up to 1:200 to profit on the markets.

IQ Option Review
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If you are bored trading on an old-school MetaTrader 4 platform, you will find the IQ Option web platform quite exciting and powerful. Trades are executed in a second, and you can choose between 400 assets to trade from. The company runs a web platform and mobile app with different trading instruments.

New Blog Articles

No Nonsense forex indicators - The biggest secret in forex
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The forex community should finally relax and chill because the universe has sent Mr. Patrick to the planet earth. You should no longer worry or fear the big banks because Mr. Patrick from No Nonsense Forex is here to help you.
Forex trading for beginners - Why most traders fail
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Thanks to marketers, forex trading is often put in the category of ‘quick way to make money online’. If you are a beginner in forex you may have watched some videos with trading strategies where gurus make lots of cash. Those ‘experts’ usually sell education through live chats and teach people price action.
How to trade Bitcoin CFDs - Profit with leverage
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Many forex brokers offer Bitcoin CFDs where traders can profit on the Bitcoin price direction. When you trade crypto CFDs, you don’t own the actual cryptocurrency; instead, you forecast whether the price will fall or rise against the U.S. dollar.