Blog – Page 319

February 15
2008

Xforex Web Based Broker without Demo (Actually It Has Demo Accounts)

Xforex is a Forex broker that I added to the broker lists on my site today. Its not a new Forex broker at all it operates on-line since 2003. It has only a web-based trading platform which is optimized for IE, but it also works with Firefox too (though there may be some glitches). Trading platform itself is rather poor (in terms of indicators and automation), but it loads fast. Special Muslim accounts are available for appropriate customers. Unfortunately […]

February 15
2008

Poor U.S. Macroeconomics Push Dollar Down

This week ends far worse for dollar bulls than they may have expected. Only Wednesday was an uptrend day for the U.S. dollar, but it didnt gain a lot that day. Friday brought in the break through the 1.4700 resistance level on EUR/USD. Some disappointing data on the net foreign purchases and the manufacturing survey were the most important causes of todays dollars decline. Export and […]

February 14
2008

EUR/USD Grows on Trade Balance News

EUR/USD rose from 1.4575 to 1.4635 today after the news from the U. S. Department of Labor and the U. S. Census Bureau arrived. Despite them being better than expected, they failed to stop dollar or even stock markets from declining today. Initial jobless claims for the last week went down from 357,000 to 348,000 slightly better than it was expected by the markets (350,000). Trade balance deficit in U.S. […]

February 13
2008

4 Ways in Which the Weather can Affect the Forex Markets (by Heather Johnson)

Currency trading can be approached using a number of different methods. Many mathematical purists will tell you that technical analysis is the only way to go, swearing that they can see the future by poring over chart after chart after chart. Others glance at the trends, ruminate for a minute or two, then go with a hunch and ride a pair wherever it wants to go. Some forex traders, however, […]

February 13
2008

Dollar Appreciates Today on Good Fundamentals

Dollar was almost unchanged versus euro today before some important to fundamental analysis indicators were released in U.S. EUR/USD opened at 1.4580 and made some moderate movements in both directions, but has been near the opening level before the statistics came out. Good data had an improving effect on dollar. It is now trading more than 30 pips below the opening price. Advance figures for the retails […]

February 11
2008

Position Size Calculator and Pip Value Calculator

Ive added a new calculator to the Forex tools section of the site its a Position Size Calculator. Its largely inspired by the Forex Position Size Calculator created by Rich Paredes from ForexProject.com. Ive tried to improve it with own vision of the position size calculation and now you can check it out. It calculates position size in units and lots, it also returns the amount of risked money or the risk ratio for your position. Account currency and leverage are stored in the cookies. Pip […]

February 9
2008

Forex Technical Analysis for 02/1102/15 Week

EUR/USD trend: sell. GBP/USD trend: sell. USD/JPY trend: sell. EUR/JPY trend: sell. Floor Pivot Points: Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3939 1.4189 1.4348 1.4598 1.4757 1.5007 1.5166 GBP/USD 1.8900 1.9144 1.9300 1.9544 1.9700 1.9944 2.0100 USD/JPY 104.32 105.12 106.22 107.02 108.12 108.92 110.02 EUR/JPY 148.97 […]

February 8
2008

Traders Dynamic Index MetaTrader Indicator

I published a new complex MetaTrader indicator on the site today its called Traders Dynamic Index. It has almost everything the Forex trader needs: trend direction indicator, trend strength indicator and the market volatility measurement tool. But despite these cool features it is very simple to use. This indicator was sent to me by one of the sites visitors, but it most probably originates from www.compassfx.com. Heres a quick guide to using this indicator (I recommend reading the full […]

February 7
2008

USD Rallies Up as BoE Cuts Interest Rate

Dollar (and, actually, Japanese yen too) showed a major triumph on Forex market today after the Bank of England decided to go down from 5.50% to 5.25% on the main interest rate. And despite, while BoE lowered the rate, ECB held the rate at the same 4.00% value, dollar bulls pushed EUR/USD down as well as the GBP/USD currency pair. And thatâs on the disappointing fundamental data coming out in U.S. U.S. initial jobless claims […]

February 5
2008

Risk Control in Forex New E-Book

Iâve recently ran across an interesting money management book â Money Management: Controlling Risk and Capturing Profits by Dave Landry. Itâs a short e-book, written in four parts. First part simply explains why the risk management is important in the financial trading. Second part gives some interesting advices to organize your money management strategy, or to help you create one. Third part is where some of the Forex professionals are sharing their experiences […]