Most Forex traders use Bollinger Bands. Bollinger Bands make it easier to know if there is a trend. However, the contrarian strategy using Bollinger Bands does not fit so well, so be careful.

The pound is considered one of the world's four major currencies, along with the dollar, the yen, and the euro. The value of the pound alone is very high, but when trading the pound, you can see the relative strength of the pound by looking at other pound combinations.

Forex day trading is very difficult. First of all, there are many cases where day trading does not aim for a large price range, and most cases are short trades. Even if you can earn a lot of money, there are many cases where you do it in one shot, so you need to take care of your mental side.