Forex Blog, Forex Trading InformationForex Blog, Forex Trading InformationForex trading information blog. This blog is used to share my Forex experience and any Forex related information that might be useful to others. 
Articles
GDI Markets ? Another Broker from U.K.
2008-06-08 12:44:00 Today I added another British Forex broker to the list on my site — GDI Markets . It offers Forex, CFDs, Futures and Stocks trading services through a single trading platform. The platform itself isn’t very interesting or special, but it does its work and can be handy for multi-market traders. One serious disadvantage this broker has is that it charges commission fees for each order below a certain threshold ... More About: Broker
Forex Technical Analysis for 06/09?06/13 Week
2008-06-07 09:16:00 EUR/USD trend: buy. GBP/USD trend: hold. USD/JPY trend: hold. EUR/JPY trend: buy. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.5090 1.5228 1.5502 1.5640 1.5914 1.6052 1.6326 GBP/USD 1.9212 1.9336 1.9522 1.9646 1.9832 1.9956 2.0142 USD/JPY 101.17 102.52 103.72 105.07 106.27 107.62 108.82 EUR/JPY 158.36 160.04 162.79 164.47 167.22 168.90 171.65 Woodie’s Pivot Points Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res EUR/USD 1.5262 1.5571 1.5674 1.5983 1.6086 GBP/USD 1.9336 1.9522 1.9646 1.9832 1.9956 USD/JPY 102.52 103.72 105.07 106.27 107.62 EUR/JPY 160.04 162.79 164.47 167.22 168.90 Camarilla Pivot Points Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res EUR/USD 1.5550 1.5664 1.5701 1.5739 1.5815 1.5853 1.5890 1.6004 GBP/USD 1.9537 1.9622 1.9650 1.9679 1.9735 1.9764 1.9792 1.9878 USD/JPY 103.52 104.22 104.45 104.69 105.15 105.39 105.62 106.32 EUR/JPY 163.10 164.32 164.73 165.1... More About: Technical , Analysis , Forex , Technical Analysis , Week
Dollar Deeps Further on Uneployment Rapid Growth
2008-06-06 17:17:00 The U. S. dollar dropped down today against as the unemployment rate soared in the U. S. Yesterday EUR/USD gained from the hawkish statement by Jean-Claude Trichet (he said that he will probably raise the interest rates on ECB’s next meeting), today it grows because of the poor U.S. fundamentals. Nonfarm payrolls decreased by 49,000 in May — below the expected 60,000 dropdown, but above the revised April 28,000 loss in the jobs. Unemployment ... More About: Dollar , Growth , Rapid
NordMarkets ? Swedish Broker with Low Spreads
2008-06-05 10:14:00 NordMarkets is a new Swedish Forex broker that has a wide variety of trading account types — starting with mini and ending with the big institutional accounts. For the mini Forex accounts the trading conditions are not very interesting — $1,000 account minimum (deposits only via wire transfer and credit card), 0.1 standard lot position sizes and 3-4 pips spreads. Basically the larger is your ... More About: Muslim , Spreads , Broker , Nord
Dollar Tries to Keep Yesterday Gains
2008-06-04 16:43:00 Dollar is still trying to hold its yesterday gains against euro, as it can benefit from the fundamental indicators released today in U.S. EUR/USD rose only from 1.5433 to 1.5449 today after losing more than 100 pips yesterday. Productivity in the nonfarm business sector grew at 2.6% annually and seasonally adjusted rate in the first quarter of 2008 — slightly better than the preliminary estimate (2.5%). ISM services (non-manufacturing) index for ... More About: Dollar , Yesterday
NobleTrading ? Broker Full of Services
2008-06-03 12:56:00 I updated the broker list on my site with a new Forex broker today — Noble Trading. It started offering its services on-line in 2006. NobleTrading offers 3 different platforms — 1 web-based and 2 two stand-alone with a variety of trading tools built in them. Apart from Forex you can trade stocks, options and futures with NobleTrading — this makes it different from many other similar brokers. It’s also regulated by NFA and ... More About: Services , Full , Broker
U.S. Economy is Improving
2008-06-02 16:11:00 EUR/USD fell by more than 60 pips today as the fundamental reports from U.S. signaled that the economy is improving there. Construction spending was expected to fall by 0.6% in April; instead it was down only 0.4% after 1.1% drop in March. ISM report on manufacturing sector of the economy showed that the PMI (purchase manager index) grew up from 48.6 in April to 49.6 in May. A drop to 48.0 was expected by the market analysts. Posted on ... More About: Economy
Profitunity Study Manual by Bill Williams and Justine Gregory Williams
2008-06-02 12:27:00 A new Forex related ebook is now available for download — Profitunity Study Manual . If you are still unfamiliar with Bill Williams ’ theory of the chaos trading, this ebook will help you to understand the most important aspects of this theory and learn completely new ways of market analysis. Profitunity trading was developed by Bill Williams to make a new alternative to a prevailing static theory of the market ... More About: Justine
Carnival of Forex Trading ? June 1, 2008
2008-06-01 09:19:00 Landy Trapper presents Low Cost Options Are Available For The Forex Beginner posted at Forex Trading System Secrets. Jed Norwood presents Forex Market Basic Truths posted at Forex Strategy, saying, “In this post I have listed some basic truths about the Forex market.” Lauren Rose presents Complete Guide to Online Forex Trading Systems - Part 1 posted ... More About: Carnival , June
Forex Technical Analysis for 06/02?06/06 Week
2008-05-31 08:20:00 EUR/USD trend: sell. GBP/USD trend: sell. USD/JPY trend: buy. EUR/JPY trend: buy. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.5049 1.5255 1.5405 1.5611 1.5761 1.5967 1.6117 GBP/USD 1.9540 1.9606 1.9714 1.9780 1.9888 1.9954 2.0062 USD/JPY 101.06 102.09 103.80 104.83 106.54 107.57 109.28 EUR/JPY 161.33 162.03 163.07 163.77 164.81 165.51 166.55 Woodie’s Pivot Points Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res EUR/USD 1.5241 1.5376 1.5597 1.5732 1.5953 GBP/USD 1.9606 1.9714 1.9780 1.9888 1.9954 USD/JPY 102.09 103.80 104.83 106.54 107.57 EUR/JPY 162.03 163.07 163.77 164.81 165.51 Camarilla Pivot Points Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res EUR/USD 1.5358 1.5456 1.5489 1.5521 1.5587 1.5619 1.5652 1.5750 GBP/USD 1.9726 1.9774 1.9790 1.9806 1.9838 1.9854 1.9870 1.9918 USD/JPY 103.99 104.75 105.00 105.25 105.75 106.00 106.25 107.01 EUR/JPY 163.15 163.63 163.79 163.9... More About: Technical , Analysis , Forex , Technical Analysis , Week
Dollar Stalls against Euro Today
2008-05-30 16:09:00 The U. S. dollar was mainly unchanged today after the important fundamental statistics came out in the United States. Although there were moderate intraday swings up and down on EUR/USD, the currency pair is ending the day with just a little upside on Forex. Personal income and spendings report is always an anticipated event for the Forex traders. In April personal income rose the same as the ... More About: Euro , Dollar , Today
EUR/USD Continues to Fall on U.S. GDP Report
2008-05-29 17:10:00 EUR/USD made its biggest drop since May 7 today. The popular currency pair continued its decline that has started on Tuesday and will probably last until it reaches 1.5300-1.5400 levels. EUR/USD went down from 1.5647 to 1.5533. Preliminary GDP for the first quarter of 2008 increased 0.9% — the same pace as the market analysts predicted and slightly faster than 0.6% growth in Q4 2007. Initial jobless claims weren’t as good ... More About: Report , Fall
Dollar Less Bullish After Bad Housing, Confidence Data
2008-05-27 16:51:00 U.S. dollar stopped its appreciation against euro and pound today after macroeconomical statistics was released today in U.S. Disappointing data stopped EUR/USD from going below 1.5700 level (which was a lowest level last Friday too) and the currency pair went up to 1.5731 from its daily bottom. The trading opened today at 1.5774 for EUR/USD. New home sales in April were at 526k — above the expected ... More About: Dollar , Data , Housing , Confidence , Bullish
Easy-Forex Launches Visual Trading Platform
2008-05-26 22:18:00 Easy-Forex introduced today its new trading platform — Visual Trading Platform . It’s still a browser-based (JavaScript/AJAX) application, but with an improved user interface and an extremely fast performance. It easily integrates trading, charting, news and alerts into one browser window. The abilities to calculate risk, position size and to freeze the currency rates before the order execution are built into this new platform. ... More About: Easy
InstaForex ? MetaTrader Broker with PayPal
2008-05-26 17:24:00 InstaForex is a new MetaTrader 4 broker that was added to the list of Forex brokers on my site today. It offers a very big list of methods for funds transferring (including such convenient and popular methods as PayPal and WebMoney ). They also have several trading account types by the currency of the account — USD, EUR, CHF, GOLD and RUR. VIP conditions or Islamic (with no overnight interest) accounts are ... More About: Paypal , Broker
Forex Technical Analysis for 05/26?05/30 Week
2008-05-24 10:24:00 EUR/USD trend: buy. GBP/USD trend: buy. USD/JPY trend: sell. EUR/JPY trend: hold. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.5235 1.5361 1.5561 1.5687 1.5887 1.6013 1.6213 GBP/USD 1.9150 1.9302 1.9549 1.9701 1.9948 2.0100 2.0347 USD/JPY 100.56 101.65 102.51 103.60 104.46 105.55 106.41 EUR/JPY 159.25 160.35 161.65 162.75 164.05 165.15 166.45 Woodie’s Pivot Points Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res EUR/USD 1.5380 1.5598 1.5705 1.5924 1.6031 GBP/USD 1.9302 1.9549 1.9701 1.9948 2.0100 USD/JPY 101.65 102.51 103.60 104.46 105.55 EUR/JPY 160.35 161.65 162.75 164.05 165.15 Camarilla Pivot Points Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res EUR/USD 1.5582 1.5671 1.5701 1.5731 1.5791 1.5821 1.5851 1.5940 GBP/USD 1.9578 1.9687 1.9724 1.9760 1.9834 1.9870 1.9907 2.0016 USD/JPY 102.30 102.83 103.01 103.19 103.55 103.73 103.91 104.44 EUR/JPY 161.62 162.28 162.50 162.7... More About: Technical , Analysis , Forex , Technical Analysis , Week
A Lot Forex Trading Tips
2008-05-20 17:28:00 Someone sent me an article yesterday, so today I’ve decided to put it up on my site. This article is called 133 Trading Tips and it really contains 133 tips on how to trade Forex . I don’t know how one could come up with so many tips to a Forex trader, but all of them really make sense (at least to me). You can read that to sum up your knowledge or to find something new to yourself, but it’s definitely worth seeing. Here ... More About: Forex Trading
Trend Determination in Forex Trading
2008-05-19 16:45:00 Today I’ve uploaded a new free ebook to my site — it’s about determining the trend direction and its parameters using the standard technical indicators in any financial trading environment. Many trading strategies and tactics a based on the trend-following — determining the trend in a given market situation can be a focal point in a trader’s intrad ay or long-term trading activity. John Hayden, the author of this book offers RSI, divergence and moving ... More About: Forex , Trading , Forex Trading , Trend
Forex Technical Analysis for 05/19?05/23 Week
2008-05-17 09:31:00 EUR/USD trend: buy. GBP/USD trend: buy. USD/JPY trend: hold. EUR/JPY trend: hold. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.5191 1.5278 1.5427 1.5514 1.5663 1.5750 1.5899 GBP/USD 1.9142 1.9252 1.9411 1.9521 1.9680 1.9790 1.9949 USD/JPY 99.75 101.17 102.61 104.03 105.47 106.89 108.33 EUR/JPY 155.15 156.88 159.49 161.22 163.83 165.56 168.17 Woodie’s Pivot Points Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res EUR/USD 1.5294 1.5458 1.5530 1.5694 1.5766 GBP/USD 1.9252 1.9411 1.9521 1.9680 1.9790 USD/JPY 101.17 102.61 104.03 105.47 106.89 EUR/JPY 156.88 159.49 161.22 163.83 165.56 Camarilla Pivot Points Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res EUR/USD 1.5446 1.5511 1.5533 1.5554 1.5598 1.5619 1.5641 1.5706 GBP/USD 1.9421 1.9495 1.9520 1.9544 1.9594 1.9618 1.9643 1.9717 USD/JPY 102.49 103.27 103.54 103.80 104.32 104.58 104.85 105.63 EUR/JPY 159.70 160.90 161.29 161.69... More About: Technical , Analysis , Forex , Technical Analysis , Week
Exto Capital ? Another Swiss Broker
2008-05-16 13:20:00 While NFA makes its requirements more strict for the Forex brokers operating in U.S. and the senate tries to enforce the regulation with CFTC, more and more brokers choose Switzerland as their primary location. Swiss regulation is reliable and authoritative, but now it remains more liberal than in U.S. Exto Capital is a Forex broker based in Switzerland (operated by Exto Financials). They offer downloadable ... More About: Broker
Dollar Steady During a Wave of Macroeconomical Releases
2008-05-15 16:09:00 USD recovered from its daily minimums against euro after the important fundamental reports were released today in U.S. EUR/USD has been trading with 70 pip gain today, but currently it’s trading near its open rate. Only net foreign purchases and Philadelphia Fed index showed some positive developments for the U.S. economy, while other releases were of a very little help ... More About: Dollar , Wave
April CPI Disappoints Dollar Bulls
2008-05-14 17:11:00 While the April CPI report was expected by many Forex traders to improve the dollar positions and helped greenback gain before the actual release, disappointing CPI reading pushed EUR/USD up from its daily lows and it’s now trading almost without any loss (1.5459 currently with an open rate at 1.5465). CPI (all items) was at 0.2% in April — that’s below the March value (0.3%) and the ... More About: Dollar , Bulls
EUR/USD is Entering Sideways Market
2008-05-13 17:19:00 Today EUR/USD fell down on Forex after a day of growth yesterday and on the daily chart the currency pair’s trend is slowly transforming into a flat pattern rather than bullish or bearish trend. April retail sales in U.S. decreased as expected — they dropped 0.2%, after gaining 0.2% in March. Export and import prices rose in April. Import prices increased 1.8% after 2.9% rise in March — the growth was largely ... More About: Market
Forex Technical Analysis for 05/12?05/16 Week
2008-05-12 09:18:00 EUR/USD trend: hold. GBP/USD trend: sell. USD/JPY trend: hold. EUR/JPY trend: hold. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.5001 1.5142 1.5311 1.5452 1.5621 1.5762 1.5931 GBP/USD 1.9078 1.9268 1.9403 1.9593 1.9728 1.9918 2.0053 USD/JPY 98.74 100.68 101.74 103.68 104.74 106.68 107.74 EUR/JPY 153.02 155.81 157.49 160.28 161.96 164.75 166.43 Woodie’s Pivot Points Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res EUR/USD 1.5149 1.5324 1.5459 1.5634 1.5769 GBP/USD 1.9268 1.9403 1.9593 1.9728 1.9918 USD/JPY 100.68 101.74 103.68 104.74 106.68 EUR/JPY 155.81 157.49 160.28 161.96 164.75 Camarilla Pivot Points Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res EUR/USD 1.5309 1.5394 1.5422 1.5451 1.5507 1.5536 1.5564 1.5650 GBP/USD 1.9358 1.9448 1.9477 1.9507 1.9567 1.9597 1.9626 1.9716 USD/JPY 101.16 101.99 102.26 102.54 103.09 103.36 103.64 104.46 EUR/JPY 156.71 157.94 158.35 158.... More About: Technical , Analysis , Forex , Technical Analysis , Week
One Financial ? New CFD/Forex Broker
2008-05-08 12:02:00 One Financial is quite a new Forex broker, that is actually specializing on CFD and other futures trading, but offers Forex trading services too. They offer Muslim -friendly accounts (with no interest or swap) and Arabic support — so, it’s quite clear that they are aimed on the traders from Middle East. Their trading conditions are quite common — 3 pips spreads on EUR/USD, $1000 minimum positions, wire and credit ... More About: Broker
EUR/USD Falls Today as Fundamentals Improve, Less Rate Cuts Expected
2008-05-07 16:32:00 EUR/USD fell today significantly, recovering from its two-day fall that was observed this week. It went down by more than 0.8% today — from 1.5532 to 1.5380. Good fundamental indicators from U.S. helped dollar to strengthen on Forex. Productivity in business sector grew up in first quarter of 2008 according to a preliminary report that was released today. Annual rate of the seasonally adjusted productivity growth was 1.9% in Q1 — above 1.5% ... More About: Today , Improve , Rate , Cuts , Falls
TradeView Forex ? Another Broker from RCG
2008-05-07 13:16:00 Today I’ve added a new Forex broker to the list on the site — Trade View Forex — another broker that is operated by the financial company Rosenthal Collins Group, LLC (first broker from this company, which hit my list, was RCG fxtrader). TradeView Forex offers Meta Trader 4 platform without CFD trading, limited demo accounts (30-day limit) and rather tight spreads (from 2 pips). For me, it doesn’t look like ... More About: Broker
Carnival of Forex Trading ? May 5, 2008
2008-05-05 09:42:00 Welcome to the May 5, 2008 edition of Carnival of Forex Trading . Amy S Quinn presents Top 25 Most Influential People in Forex posted at Currency Trading.net. Heather Johnson presents 5 Unusual Things That Adversely Affect the U.S. Dollar posted at Forex Blog | FX-BAR daily forex trading blog. Jed Norwood presents Successful Forex Currency Trader posted at Forex Strategy, saying, “How ... More About: Forex Trading
MasterForex ? MetaTrader 4 Forex Broker
2008-05-04 16:06:00 MasterForex existed on-line since 2006, but being very similar to other MT4 Forex brokers it has never received such traders’ community attention as their competitors (e.g. LiteForex or FXOpen). As its rivals MasterForex accepts WebMoney , e-gold and wire transfer for deposit/withdraw operations, trading from $1, MT4 platform, CFD trading and a flexible leverage. Unfortunately, like many other Meta Trader brokers it’s not registered with NFA, ... More About: Broker
Forex Technical Analysis for 05/05?05/09 Week
More articles from this author:2008-05-03 10:26:00 EUR/USD trend: sell. GBP/USD trend: hold. USD/JPY trend: buy. EUR/JPY trend: buy. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.4957 1.5159 1.5290 1.5492 1.5623 1.5825 1.5956 GBP/USD 1.9229 1.9426 1.9571 1.9768 1.9913 2.0110 2.0255 USD/JPY 101.35 102.29 103.83 104.77 106.31 107.25 108.79 EUR/JPY 157.52 159.06 160.79 162.33 164.06 165.60 167.33 Woodie’s Pivot Points Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res EUR/USD 1.5141 1.5256 1.5474 1.5589 1.5807 GBP/USD 1.9426 1.9571 1.9768 1.9913 2.0110 USD/JPY 102.29 103.83 104.77 106.31 107.25 EUR/JPY 159.06 160.79 162.33 164.06 165.60 Camarilla Pivot Points Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res EUR/USD 1.5239 1.5330 1.5361 1.5391 1.5453 1.5483 1.5514 1.5605 GBP/USD 1.9528 1.9622 1.9653 1.9685 1.9747 1.9779 1.9810 1.9904 USD/JPY 104.02 104.70 104.93 105.15 105.61 105.83 106.06 106.74 EUR/JPY 160.72 161.62 161.92 162.2... More About: Technical , Analysis , Forex , Technical Analysis , Week 1, 2, 3 |
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