U.S. China Trade War Update, EURUSD Forecast, XAUUSD Dropping from 1550 + More

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Welcome back Traders to another live session. Last night during the London session, China dropped a bombshell by saying that they would like to work out a deal with the US in their ongoing trade war. This caused USD strength and CHF & JPY…

Pound GBP Still Weak, CHF Swiss Franc is Safe Haven as Trade War Continues

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Welcome back traders to another live session. Last night GBPCAD brought in an additional +100 pips of profit. We finally have EURUSD on the way to 1.10700. Yesterday, we took GBPUSD longs, but because of the price action I decided to exit…

US Dollar Index - Technical and Fundamental Analysis Update

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It’s been a while since we last took a look at the US Dollar Index (DXY), so I thought it was time we analyzed the USDX technically and fundamentally. As I’ve stated countless times on my blog posts, there are two sides to every Forex trade.…

Why You'll Never Make Money In Forex

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In this article, we have outlined 3 reasons why you will NEVER make money in Forex.  You've probably heard the saying that goes, "90% of traders lose 90% of their capital in the first 90 days."   Well sadly, it's true. However... If you…

How to use Forex Signals as a Tool?

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Even though I preach every trader to strive to become an independent trader, it’s a much easier thing to say than do. Everyone needs to start somewhere, right? Some start their Forex career blowing multiple accounts, entering a mentorship…

Top 3 Most Important Aspects of Technical Analysis

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In today’s blog post I will be going over (briefly) the top 3 most important aspects of technical analysis. The topics covered today need to be mastered before you make an attempt to learn more advanced TA, or place a trade on a live account.…

The Top 3 Trading Patterns You Should Use

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If you have followed our TradingView, you would have realized by now that we like to keep our charts simple and only use a few tools from the technical analysis toolbox. One of our favorite tools is the use of patterns. Trading with patterns…

Technical and Fundamental Breakdown of the US Dollar

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I feel like I have touched base on many introductory concepts of trading Forex and believe it is only right to do our first analysis based post. What better way to do that then analyzing the world’s most powerful & important currency?…

Which Technical Indicator Should I Use When Trading Forex

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This has to be one of the most asked questions we get/see from novice traders. “Which indicator will help me become more profitable?” How about……. NONE. “Wait, what?”,” Are you serious? “Sort of, let me get into detail. Oh…
How to Get Started Trading Forex

How to Get Started Trading Forex

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So, you want to be a day trader? Not just any day trader, but a Forex trader?  Well friend, you have made an excellent decision. At Forex Lens, we'll show you how to get started trading forex.  The Foreign Exchange Market (or the forex…