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Winner: 2012-07-16 23:50

Listen up, forex peeps! I’ve got a big announcement to make! Let it be known that the Trade of the Week for July 16 to 20, 2012 belongs to none other than…


That’s right! Fxsrikanth is on a roll — this win marks back-to-back victories for our fellow trader!

Have a look at the setup that helped him bag another win:



Long or Short: short
Entry Point: around 1.5585 to 1.5595
Stop Loss: 1.5650
Profit Target/s: 80 – 100 pips at around 1.5500

If you want to learn more about his trade idea or if you want to see the 4 other charts that he posted to support it, all you have to do is check out his forum thread.

Once again, congratulations, fxsrikanth! For the second week in a row, you have won yourself the right to be featured on the homepage and donate $10 to a charity of your choice from our Golden List of charities!

And with that, we end another awesome edition of Trade of the Week. For those of you who missed this week’s contest, worry not because we’ll start another one again this Friday.

Until then, hang tight, my forex friends, and may the pips be with you!

Voting: 2012-07-14 00:01

Time’s up folks! Looks like we’ve got FIVE entries for this week! Which one deserves to be crowned the winner?

Short AUD/USD by monstapips
Short EUR/GBP by mynameisfez
Short EUR/USD by longtermtrader
Short GBP/USD by [fx_srikanth]
Short EUR/USD by Justin Pipper

Went through each of trade setups carefully? The poll ends on at 12:00 a.m. EST on July 20, 2012! Vote wisely!

Submission: 2012-07-13 00:01

Got a setup that you want to share to your fellow forex traders? This is your chance!

Whether you’re a forex grand master or a total newbie who just wants to put his newfound knowledge to the test, let me personally invite you to share your trade ideas to the community. Just follow the three easy steps below:

  1. Create your own thread under the Readers’ Choice: Trade of the Week forum.
  2. Follow the simple format in the official rules and regulations. Only COMPLETE submissions will be allowed!
  3. Watch your fellow forex fanatics vote for your trade!

Don’t forget, for each entry submitted, we will be donating $1 to our charity of the month.

Also, the winner of the contest will be given the opportunity to donate an additional $10 to a charity of his choice from the list of charities in our You Trade, We Aid campaign.

What are you waiting for? Send in your entries before 11:59 pm GMT Friday, June 13, 2012.

Good luck to all of you!