Blog – Page 40 – The Plot

March 8
2016

Biggest Forex Scam Pt. XI (Whileon Chay)

The tactics employed by the perpetrators of investment frauds had undergone little change in the past century. However, there is no dearth of unsuspecting investors who fall prey to such Ponzi schemes. The reason is that crooks have a clear understanding of the human psychology. Whileon Chay, a New York resident, is one such scammer who successfully capitalized on the greed and crowd behavior. Contents 1 4X Solutions’ investment scheme 2 […]

March 6
2016

Forex Brokers Update — March 6th, 2016

There was just a small update to the listed brokers this week: AGEA launched binary options trading via its WebTrader platform. LMFX now offers customer support via forums. IFC Markets added Skrill to deposit/withdrawal options. Lionstone Investment Services and NewTradeFX have been delisted as both brokers turned out to be a scam. If you have any questions or comments regarding any of the latest Forex brokers […]

March 5
2016

Weekly Forex Technical Analysis (Mar 7 — Mar 11)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0655 1.0740 1.0873 1.0958 1.1091 1.1176 1.1309 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.0752 1.0897 1.0970 1.1115 1.1188 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

March 4
2016

EUR/USD Dips After NFP But Only for Short While

EUR/USD dipped after the release of solid US nonfarm payrolls as to be expected. What was unexpected was the quick and strong bounce of the currency pair immediately after the dip. Whatever was the reason for such behavior, the dollar showed the similar performance in other currency pairs — rallying after the release of employment data but sinking quickly afterwards. Nonfarm payrolls demonstrated strong growth by 242k in February. The growth has exceeded both market […]

March 3
2016

Poor US Data Drives EUR/USD Higher Even as ECB Policy Meeting Looms

EUR/USD climbed as most economic reports released from the United States today were worse than market participants had counted on. The currency pair was moving higher even as the euro remained under pressure from speculations that the European Central Bank will ease its monetary policy on coming Wednesday. Initial jobless claims edged higher from 272k to 278k last week while experts had predicted […]

March 1
2016

US Economic Data Helps Dollar Gain on Euro

Reports released from the United States over the current session were relatively good, being either within expectations or better. This led to a rally of the dollar. Meanwhile, the euro languished as traders were waiting for the monetary policy decision of the European Central Bank next week, anticipating some form of monetary stimulus from the bank. Revised Markit manufacturing PMI was down to 51.3 in February from 52.4 in January. It was the weakest […]

February 29
2016

New Website Design Complete

After a month of tinkering and tweaking, the fourth version of EarnForex.com website design is ready. Today, you can see the new appearance and browse though the new structure in all its beauty and navigational power. Although I would like to hear your thoughts on the current look and its usability, I would first like to explain why it is much better than what EarnForex.com had before and how it is much more […]

February 29
2016

Poor US Economic Data Doesn’t Affect EUR/USD

Macroeconomic data released from the United States today was weak, but it did not prevent the dollar from rallying to the highest level since February 1 against the euro. One of the possible reasons for this was the unexpected drop of eurozone inflation. (Event A on the chart.) Chicago PMI dropped form 55.6 to 47.6 in February, noticeably below the forecast figure of 52.1. (Event B on the chart.) Pending home sales were down […]

February 27
2016

Weekly Forex Technical Analysis (Feb 29 — Mar 4)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0639 1.0775 1.0852 1.0988 1.1065 1.1201 1.1278 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.0760 1.0822 1.0973 1.1035 1.1186 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

February 27
2016

Forex Brokers Update — February 27th, 2016

Two new companies have been listed on our website during two weeks that passed since the last update: ForexChief — an unregulated Russian FX broker aimed on international customers. They offer different types of MT4 accounts with $1 minimum. Forex leverage can be as high as 1:400. ForexChief VARIANSE — a regulated UK broker with MT4 ECN accounts. The minimum to start trading is $500 ($5,000 for ECN) […]