Forex Blog

Marketiva Forex broker now offers its clients to buy shares of several investment funds which are diversified in various assets. This is no doubt a positive addition to any Marketiva members since now they can secure some of their trading money in these funds. Although such investment funds are risky, they are still a very nice opportunity for those who fail in traditional Forex trading or wish for some rest before returning to Forex trading. Let’s hope that Marketiva will continue to develop and innovate themselves as a Forex broker and financial institution even further. More details on Marketiva investment funds can be found here.

Tadawul FX - a special broker, which provides Forex trading through Metatrader 4 platform and offers special accounts for muslim traders (with no overnight interest). You can get more information about this broker here.

Interactive Brokers - one of the most trusted on-line Forex trading brokers announces its plans for an IPO (Initial Public Offer). Interactive Brokers LLC is planning to auction 20,000,000 (twenty millions) shares with a price range of $23 to $27 per share, totaling in 46 to 54 million dollars of market capitalization. Shares will be offered through WR Hambrecht + Co and HSBC Securities (USA) Inc. system and will be traded on NASDAQ stock exchange (NASDAQ stock symbol - IBKR). Anyone can participate IPO through the IB Dutch Auction System or any other broker offering access to IPOs. Bids can be submitted starting from 04/16/2007, until 05/03/2007 orders will become effective and auction will close.
Personally, I think that it is a very great move for the whole on-line Forex community and Interactive Brokers in particular. To learn more about IB IPO visit this page: http://ipo.interactivebrokers.com/IPO/

General trend: ranging.

Floor pivot points:
3rd Sup__2nd Sup__1st Sup__Pivot____1st Res__2nd Res__3rd Res
1.3183___1.3261___1.3395___1.3473__1.3607___1.3685___1.3819

Woodie’s pivot points:
2nd Sup__1st Sup__Pivot____1st Res__2nd Res
1.3275___1.3423___1.3487___1.3635__1.3699

Camarilla pivot points:
4th Sup__3rd Sup__2nd Sup__1st Sup__1st Res__2nd Res__3rd Res__4th Res
1.3412___1.3471___1.3490___1.3510__1.3548___1.3568___1.3587___1.3646

Tom DeMark’s pivot points:
Resistance: 1.3540
Support: 1.3328

Fibonacci retracement levels:
100% - 1.3551
61,8% - 1.3470
50,0% - 1.3445
38,2% - 1.3420
23,6% - 1.3389
00,0% - 1.3339

I’ve added information about ECN (Electronic Communication Network) broker - MB Trading. It’s an interesting Forex broker, which is a very good for those traders that are quite experienced in Forex trading and want to introduce themselves to ECN Forex trading (which is a kind of ‘more real’ trading). This broker has a low minimum deposit amount of $400. Some minor changes have also been brought to Forex brokers section - to Deutsche Bank FOREX, FXCM (thanks to Luis Gonzaga) and Marketiva (about withdrawal commission almost gone).

Now you can download one more e-book about money management in Forex market from my books page. The new e-book is called Money Management by Dave Landry (not very original, isn’t it? ) . It is quite a short book for such an important topic - only 19 pages. It consists of four chapters and is written in a very easy manner which makes it a very good book for Forex beginners.

A new broker has been added to my Forex broker list. Not very popular one, but it is worth seeing and comparing, in my opinion:
X-Trade Brokers

Next week pivot points (4/9-4/13) :.

EUR/USD technical analysis for the next week (4/9-4/13).

General trend: ranging.

Floor pivot points:
3rd Sup__2nd Sup__1st Sup__Pivot____1st Res__2nd Res__3rd Res
1.3195___1.3256___1.3317___1.3378__1.3439___1.3500___1.3561

Woodie’s pivot points:
2nd Sup__1st Sup__Pivot____1st Res__2nd Res
1.3256___1.3316___1.3378___1.3438__1.3500

Camarilla pivot points:
4th Sup__3rd Sup__2nd Sup__1st Sup__1st Res__2nd Res__3rd Res__4th Res
1.3331___1.3343___1.3355___1.3366__1.3388___1.3399___1.3411___1.3444

Tom DeMark’s pivot points:
Resistance: 1.3469
Support: 1.3347

Fibonacci retracement levels:
100% - 1.3440
61,8% - 1.3393
50,0% - 1.3379
38,2% - 1.3365
23,6% - 1.3347
00,0% - 1.3318