One new company has been added to the list of FX brokers this week: Trade12 — a new offshore company registered on Marshall Islands MT4 and Sirix Station platforms. They offer Standard accounts from $250 and ECN accounts from $10,000. 1:400 leverage is available on Forex instruments. Trade12 Some of the listings have been updated: ForexMart has increased the number of the offered currency pairs. HotForex now provides a VPS […]
Read moreAs a way to celebrate Thanksgiving, I have finally found some time to convert one of the most popular MT4 indicators to the two less popular platforms: MetaTrader 5 and cTrader. You will also find a more detailed and precise description of the indicator on EarnForex.com. Meanwhile, I have also updated the MT4 version for better compatibility with Build 600 changes and fixed some minor bugs within it. MetaTrader 5 MT5 version is not […]
Read moreThere were plenty of economic reports released from the United States today as some of them were moved to Wednesday due to the holiday tomorrow. Data was a bit mixed but good for the most part. This allowed the dollar to gain on the euro, but the rally was very limited in size. Over the longer term, the greenback remains supported by the outlook for monetary tightening while its European peer stays under pressure from prospects […]
Read moreEUR/USD was attempting to rally today but failed. The second estimate of US economic growth, which was better than the first one, and positive housing data lent support to the dollar. Yet worse-than-expected indicators for manufacturing and the consumer sentiment prevented the greenback from moving higher. US GDP rose 2.1% in Q3 2015 according to the preliminary (second) estimate, in line with market expectations. The advance (first) estimate showed 1.5% growth. […]
Read moreEUR/USD continued to fall on Monday, following the Friday’s big drop, even though US economic data was not that good. The dollar continued to receive support from the outlook for monetary tightening from the Federal Reserve while the euro remained under pressure from expectations of stimulus from the European Central Bank. Flash Markit manufacturing PMI dropped from 54.1 in October to 52.6 in November. The report frustrated analysts who had […]
Read moreFrom time to time, conditions at a broker change. Some companies update their trading platforms, others let their customer service to deteriorate, many brokers change their trading conditions due to some new regulatory environments, and so on. Some of such changes can go unnoticed for traders, some will cause a minor nuisance, but other such changes will cause some traders to leave the broker and start searching […]
Read moreIn addition to the still active trade on USD/JPY bullish flag pattern, the currency pair now shows an ascending channel formation on the same daily timeframe. This channel is a preparatory pattern for a bearish breakout trade and will most likely trigger if the aforementioned bullish flag trade fails. This USD/JPY setup complements a similar ascending channel on GBP/JPY. Look at the chart below to see the pattern marked with the yellow borders. The cyan line […]
Read moreEUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0441 1.0529 1.0587 1.0675 1.0733 1.0821 1.0879 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.0521 1.0572 1.0667 1.0718 1.0814 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]
Read moreTwo new Forex brokers have been added to the list this week: WSSolution — a Russian broker with offshore registration in Saint Vincent and the Grenadines. It offers rather standard MT4 trading conditions. WSSolution is also very new — it has been launched this year. WSSolution ForexMart — another Russian broker but this time with Cyprus registration and CySEC regulation. It is a brand new online […]
Read moreAfter almost five years break, I am continuing the series about most famous Forex scams. Today, the story goes about a guy named Danny Wall and his fraudulent educational and money management facility. Forex trading can be a great way to earn money — if you understand how to make your moves and you understand the risks. There are plenty of reputable Forex trading platforms and websites, but you […]
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