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Author: admin_mm
June 282007
Some Important Data from U.S.
Today some important macroeconomic data came out in United States — final data on GDP and final chain deflator for the first quarter of the 2007. Though this data is very important for Forex markets its neutrality prevented any large affect on the market. GDP came out inside the expected borders — 0.7% which is by 0.1% better than previous value. Chain deflator was slightly higher than expected — 4.2% […]
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June 272007
IFX Markets Good if You are for Contests
IFX Markets is another broker with a âMarketsâ in its name (strangely, such brokers offers only Forex market trading, without CFD or stocks). IFX Markets offers their clients a custom trading platform which is slightly above average, but canât be compared to Metatrader 4 in any way. Financial side is quite poor â bank wire and checks for transfers and $500 minimum, with the rudimental […]
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June 272007
FXcast Lowers Minimum for MetaTrader Platform
FXcast Forex broker announced that starting from today the minimum account size to use their FXcast Pro trading platform (based on MetaTrader 4) is $10. The previous minimum amount was $100. Dear Partner, we are glad to tell you that we have decreased the minimum deposit for our FXcast Pro platform to 10 USD. Please have in mind that the base currency for this platform is […]
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June 262007
IG Markets a British (Again) Forex Broker with CFD
Great Britain looks to be rich on Forex brokers (probably, because of slightly less hard regulatory environment than U.S., but with great financial possibilities which London City possesses). IG Markets is Forex broker which started as a CFD broker and then added spot Forex trading to its on-line services. You can trade using both java platform and standard downloadable program. But with IG […]
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June 262007
Bad U.S. Data Don’t Bother EUR/USD
Forex seems to be ignoring today’s macroeconomic data that came from United States — dollar is almost at the same level (slightly better even) as it was when the week started, a ranging week so far. New home sales disappointed U.S. optimists by showing a decline from 981,000 to 915,000 houses for May, it is even lower than experts expected — 925,000. Consumer confidence — one of the basic indicator […]
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June 262007
NorthFinance Warns Traders
NorthFinance warns its clients that after July 1st it will stop supporting MetaTrader 4 platform versions older than build 200. So, it is about a time to update your Forex trading software if you are trading with NorthFinance. Update can be automatically started on the program startup. Updating your Metatrader 4 platform not only will keep you up to date […]
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June 252007
Trade at Man Forex Broker Not for Beginners
Trade at Man is a British Forex broker (division of a Man Group company) with $10,000 minimum account size and a low leverage â 1:40. Such conditions are looking very unattractive to most Forex traders, especially beginners, who got used to 1:100 leverage with $1 minimum. But they have a newbie-friendly trading platform which is completely insufficient for professionals. So, it is kind of difficult to understand […]
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June 252007
Elliott Waves and Tom DeMark’s Trendlines
A new addition to the articles section of the site — one article about Elliott waves theory (and their practical implication) by Joseph Plazo and another about Tom Demark’s trendlines (or pivot points) by Michael A. Jones: Discover Some Magic to Beat The Forex: The Elliott Wave Theory for Forex MarketsDiscover Some Magic to Beat The Forex: The Elliott Wave Theory for Forex Markets — Elliott waves are one of the most powerful technical Forex tools; with […]
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June 242007
MGFOREX Trading Contests But Limited Trading Control
MGFOREX is a Forex broker that offers its own trading platform for its clients. The main drawdown of this trading software is that it handles positions only in a FIFO (First In First Out) manner â so, if you just cannot close a new position if there is some another position for the same currency pair is still open. On first sight, this shouldnât be a big […]
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June 232007
EUR/USD Technical Analysis for the 6/256/29 Week
General trend: bearish. Floor Pivot Points: 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.3306 1.3339 1.3404 1.3437 1.3502 1.3535 1.3600 Woodie’s Pivot Points: 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.3347 1.3420 1.3445 1.3518 1.3543 Camarilla Pivot Points: 4th Sup 3rd Sup 2nd Sup 1st Sup 1st […]
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