Blog – Page 318

February 27
2008

MT4 Brokers Accused in Being Scam?

It started eleven days ago on the ForexFactory forum, but Ive read it first about a week ago on a TalkGold forums thread titled “Mt4 Brokers Are All Scam Brokers By Definition”. Of course, Ive got interested in this topic because Ive been trading on MetaTrader brokers accounts for almost two years and I have never thought of them being a scam by definition”. That made me read both of the threads thoroughly. Here is the main […]

February 26
2008

Consumer Confidence in U.S. Sinks Dollar

Today dollar continued its bearish trend against euro and pound, sliding down significantly after the consumer confidence release. Both EUR/USD and GBP/USD were going for correction after the better than expected PPI report, but started to return to their earlier positions in shortly after the Conference Boards release. Producer Price Index (PPI) gained 1.0% in February a significant value for a one […]

February 23
2008

Forex Technical Analysis for 02/25—02/29 Week

EUR/USD trend: hold. GBP/USD trend: hold. 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 1.4421 1.4515 1.4673 1.4767 1.4925 1.5019 1.5177 GBP/USD 1.9104 1.9233 1.9450 1.9579 1.9796 1.9925 2.0142 USD/JPY 104.84 105.78 106.47 107.41 108.10 109.04 109.73 EUR/JPY 156.02 […]

February 22
2008

Citigroup Launches Retail Forex Broker

Citigroup introduced a new retail Forex broker this year CitiFX. I uploaded the information related to this broker on my site today. CitiFX uses the trading platform made by Saxo Bank. There are no mini Forex accounts available and the minimum deposit is also very high $10,000. Leverage is lower than in majority of other broker 1:50 and 1:25 on some pairs. Demo accounts are available for free. This […]

February 21
2008

Philadephia Fed Index Signal Worsening, Dollar Falls Sharply

EUR/USD gained more than 100 pips today on the bad macroeconomic data coming out in U.S. This currency pair went up from 1.4714 at the opening of the Asian trading session to 1.4816 at the end of the New York session. GBP/USD also grew very fast today from 1.9420 to 1.9622. The major trend movement against the European currency happened after the release of the Philadelphia Feds business activity index, […]

February 20
2008

CPI Advances Moderately, Moves Dollar Up

CPI release for January along with some moderate data on housing lifted traders expectations and spurred some good growth of the U.S. dollar with both EUR/USD and GBP/USD losing about a half percent for the day. It may be a good sign for the dollar bulls eventually as it is almost definite now that the recession is either ending or is not going to happen at all. January CPI […]

February 19
2008

Interview with FXCM

This my first interview with a major Forex broker. Jaclyn, Public Relations Coordinator of the FXCM broker. Decided to answer some of the questions Ive sent them via e-mail. The questions touch various topics and should be interesting not only to the current customers of the FXCM, but also to any trader who is interested in a current on-line Forex trading situation. Bad thing is that answers sound too commercial, in my opinion. But that shouldnt be a problem anyway. […]

February 18
2008

Pivot Points Indicator for MetaTrader

A new indicator is available for download now â it’s TzPivots. It shows the daily pivot points directly on the MetaTrader chart. It’s easy to use â you only need to set two input parameters for it to work properly: LocalTimeZone â should be set to your MetaTrader server’s time zone shift in hours relative to the GMT. E.g. if your charts in MT4 are for GMT-5, then you should enter “-5” […]

February 18
2008

Hedging Strategies in Forex

There are two new Forex articles that I have uploaded on my site today. They are written by Mary McArthur and they both are about hedging in Forex. Hedging is a simultaneous buying and selling of the same trading instrument. It has a great potential on the volatile and less trendy markets. One articles describes the Forex hedging in general, while another is about a grid hedging system, which exploits the fast swings in both direction on such […]

February 16
2008

Forex Technical Analysis for 02/18—02/22 Week

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 1.4310 1.4396 1.4538 1.4624 1.4766 1.4852 1.4994 GBP/USD 1.9093 1.9247 1.9429 1.9583 1.9765 1.9919 2.0101 USD/JPY 104.22 105.26 106.52 107.56 108.82 109.86 111.12 EUR/JPY 150.84 […]