Blog – Page 315

March 26
2008

EUR/USD Still Grows Today

EUR/USD gained more than 100 pips today as it continued to grow on Forex before and after the fundamental news releases in U.S. Some of those releases were rather neutral, while one was particularly bad. Although EUR/USD descended from its historical maximums it is now starting to return to the bullish trend. Durable goods orders in February dropped 1.7%, while a growth of about 0.8% was expected. It followed the […]

March 25
2008

New Life of Sample Expert Advisor

Todays update to the MetaTrader expert advisors on my site isnt very original. For many people MACD Sample expert advisor was the first EA that they tried on the MT4 strategy tester. Its a well known sample advisor from MetaQuotes, designed to show the basic Forex strategy implementation for the MQL. The one that is now freely available on my site differs slightly from the original version. Ive decided to make […]

March 23
2008

GFS Forex & Futures New Broker on My Site

A new Forex broker was added to the list of PayPal Forex brokers on my site today GFS Forex & Futures. Apart from having the long name and accepting PayPal as one of the funds transferring methods this broker can boast being a registered member of NFA and CFTC. GFS Forex & Futures offers a custom Forex trading platform OperaFX Pro. To start trading with them […]

March 22
2008

Forex Technical Analysis for 03/24—03/28 Week

EUR/USD trend: sell. GBP/USD trend: sell. USD/JPY trend: hold. EUR/JPY trend: sell. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.4742 1.5069 1.5250 1.5577 1.5758 1.6085 1.6266 GBP/USD 1.9074 1.9405 1.9610 1.9941 2.0146 2.0477 2.0682 USD/JPY 92.00 93.86 96.72 98.58 101.44 103.30 106.16 EUR/JPY 145.92 […]

March 21
2008

FX Wizard Forex Trading Book of Rules

A new addition to my strategy Forex e-books collection arrived today and now can be downloaded by everyone its FX Wizard by Rob Walton. This e-book is about almost everything that is connected to the successful Forex trading basic money management, discipline, the overall systematic behavior of the trader and, of course, the trading system development. Its intended for the experienced Forex traders that know the basics and are […]

March 20
2008

Dollar Reverses Previous Losses

EUR/USD reversed almost fully its previous weekly earnings today. It fell from 1.5642 to 1.5419 thats more than 1.4% in a single day. The euro, being fundamentally overbought, was doomed to a correction. But such a fast drop can mean something more than a short-term correction wave. Though the fundamental data that came out today in U.S. wasnt very good for dollar. Initial jobless claims last week […]

March 19
2008

6 Digit Forex Quotes and MetaTrader Expert Advisors

Many Forex brokers have started to offer 6 digit Forex quotes to via the MetaTrader 4 terminal recently. It has a lot of benefits for the scalping traders and opens up many new trading possibilities for others. But there seems to be a problem with almost all expert advisors that are applied to the MetaTrader 4 platform, which uses 6 digit Forex quotes instead of the more conventional 5 digit format. […]

March 18
2008

EUR/USD Unchanged on Mixed Fundamentals

EUR/USD remained mainly unchanged after todays releases of the macroeconomic statistics in U.S. The overall trading day was bullish for the currency pair it rose from 1.5715 to 1.5783, but it failed to set a new record high level today. The yesterdays high value at 1.5902 remains the highest rate that EUR/USD ever reached on Forex. Building permits in February fell down from 1,061k to 978k, while only a mild drawdown […]

March 17
2008

Dollar Weakens on Bad Manufacturing Indicators Report

The EUR/USD currency pair reached its new absolute maximum earlier today at 1.5902, but it has significantly corrected already and is trading around 1.5750 level. The first falling indicator that went out today to negatively affect the financial situation on the global market and weaken the U.S. dollar further was the NY Empire State Index for March, it decreased from -11.7 to -22.2, its new […]

March 16
2008

Forex Trading Education

As you can see there are huge potentials to make profits on the Forex. But like any financial market, there are risks associated with Forex trading, and even the most experienced of traders makes a wrong decision every once in a while that ends with them losing a large sum of money. Because the Forex market is such a volatile and unreliable market, it is absolutely necessary that you have a thorough knowledge of trading […]