Forex Signals, Analysis, and Community - since 2008

Forex Q&A

Is trading forex profitable?

Is trading forex profitable?

I get asked these types of questions a lot, so I decided to dig into some of the publicly available records from the brokers themselves, at least in the U.S. where brokers are required to report on their client’s profitability. … Continue reading

How to read PipHut’s Take-Profit (TP) levels

How to read PipHut’s Take-Profit (TP) levels

As a follower of PipHut you have probably seen us write our targets like this: “Targets at 20/25/30/25 pips for 100 pips profit”. What does this mean?¬†This means that Target 1 is at 20 pips, Target 2 is at 45 … Continue reading

Get email alerts sent as text messages

Get email alerts sent as text messages

This page has been moved! Please view the new page here!

Forex Term: Gap Trading – what is a gap?

Forex Term: Gap Trading – what is a gap?

Gaps occur in trading when the open price of a candle occurs below or above the close price of the previous candle. In less liquid markets like stocks gaps can occur constantly throughout the trading day, but in the forex … Continue reading

Forex Term – Flag Pattern

Forex Term – Flag Pattern

Flag patterns are a reliable continuation pattern that is characterized by two parallel lines (i.e. a channel) that goes against the trend, and is preceded by a large drop or rise which is commonly referred to as a “flag pole”. … Continue reading

Which time zones do most forex traders user?

Which time zones do most forex traders user?

There is no reliable data out there on how many traders use which time zones, but many large institutions use UTC time even though a good number are located in the US East Coast time zone. However because candlesticks are … Continue reading

Trading False Signals with Candlesticks

Trading False Signals with Candlesticks

A ‘false signal’ in trading is any trading signal that does not result in the expected or desired outcome. So, for example, a bullish doji that does not result in a bullish reversal. To effectively trade false signals using candlesticks … Continue reading

Forex Term: Descending Triangle

Forex Term: Descending Triangle

A ‘descending triangle’ is a bearish continuation pattern and consolidation pattern that indicates the price will continue in the direction of the previous trend. It often times accompanies a flag pole formation. Shown in blue lines on chart below, in … Continue reading

Forex Term: Ascending Wedge

Forex Term: Ascending Wedge

An ‘ascending wedge’ is a bullish continuation pattern that is formed when both the top resistance line and bottom support of the consolidation pattern slope upward as in the example below. Ascending wedges are very similar to ascending triangles – … Continue reading

Forex Term: Continuation Pattern

Forex Term: Continuation Pattern

A forex continuation pattern is any chart consolidation pattern (triangle, wedge, flag, etc) that indicates the price will continue in the direction of the trend.

LEGAL DISCLAIMER AND RISK WARNING

Foreign currency exchange trading is highly speculative and is suitable only for those who (a) understand and are willing to assume the risks involved, and (b) are financially able to assume significant economic losses. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. Trading on margin can amplify both gains and losses in your account. Before deciding to trade foreign currencies, you should carefully consider your investment objectives, level of experience, and risk appetite. You should be aware of all the risks associated with foreign currency exchange trading and seek advice from an independent financial advisor if you have any doubts.

All contents or information displayed or contained on Piphut.com are based on a number of assumptions which may not be fully disclosed or explained. Hypothetical trading or performance has many inherent limitations, including the benefit of hindsight and the fact hypothetical trading or performance involves no economic risk. Variables such as the ability to adhere to a particular trading program despite trading losses and maintaining adequate liquidity are material considerations that can adversely affect actual trading results. No representation or warranty is being made or given that any account will or is likely to achieve profits or losses similar to those displayed on Piphut.com. There are frequently substantial differences between hypothetical performance and the actual performance subsequently achieved by a trading program. You must exercise independent judgment when making investment or trading decisions. Past performance is not indicative of future results. Please read the User Agreement and Risk Disclosure Statement for more information.

Skip to toolbar