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Forex Blog
My Forex experience and some Forex related information that might be useful to other traders

Archive

Archive of Forex blog posts for June, 2007

Choosing the Right Forex Broker by David Thorpe

June 30th, 2007

Choosing a right Forex broker is not an easy task, I’ve trade a lot of before I found several brokers that I can rely on. If your broker isn’t fast enough you can miss profitable opportunities, or even lose money due to slippage. David Thorpe’s articles is dedicated …

EUR/USD Technical Analysis for the 7/2—7/6 Week

June 30th, 2007

General trend: ranging.

Floor Pivot Points:
3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
1.3332 1.3374 1.3458 1.3500 1.3584 1.3626 1.3710
Woodie’s Pivot Points:
2nd Sup 1st Sup Pivot 1st Res 2nd Res
1.3385 1.3479

Some Important Data from U.S.

June 28th, 2007

Today some important macroeconomic data came out in United States — final data on GDP and final chain deflator for the first quarter of the 2007. Though this data is very important for Forex markets its neutrality prevented any large affect on the market. GDP came out inside the expected borders — 0.7%

USD Instead of EUR on FXcast Pro

June 28th, 2007

FXcast Forex broker announced today that new accounts created on their Pro trading platform are now will have a basic currency USD. Existing accounts will stays as EUR accounts, but all newly created will be held in USD. All deposits are getting exchanged at the current …

CMC Markets — Forex Broker with a Sophisticated Trading Platform

June 28th, 2007

CMC Markets is an international Forex broker based in U.S. which offers its own advanced trading platform. This platform is somewhat similar to MetaTrader 4 in its main features, but is generally different software incompatible with Metatrader. To start trading with this hi-end software you’ll …

FXcast Lowers Minimum for MetaTrader Platform

June 27th, 2007

FXcast Forex broker announced that starting from today the minimum account size to use their FXcast Pro trading platform (based on MetaTrader 4) is $10. The previous minimum amount was $100.

Dear Partner, we are glad to tell you that we have decreased the minimum deposit

IFX Markets — Good if You are for Contests

June 27th, 2007

IFX Markets is another broker with a ‘Markets’ in its name (strangely, such brokers offers only Forex market trading, without CFD or stocks). IFX Markets offers their clients a custom trading platform which is slightly above average, but can’t be compared to Metatrader 4 in any …

NorthFinance Warns Traders

June 26th, 2007

NorthFinance warns its clients that after July 1st it will stop supporting MetaTrader 4 platform versions older than build 200. So, it is about a time to update your Forex trading software if you are trading with NorthFinance. Update can be automatically …

Bad U.S. Data Don’t Bother EUR/USD

June 26th, 2007

Forex seems to be ignoring today’s macroeconomic data that came from United States — dollar is almost at the same level (slightly better even) as it was when the week started, a ranging week so far. New home sales disappointed U.S. optimists by showing a decline from 981,000 to 915,000 …

IG Markets — a British (Again) Forex Broker with CFD

June 26th, 2007

Great Britain looks to be rich on Forex brokers (probably, because of slightly less hard regulatory environment than U.S., but with great financial possibilities which London City possesses). IG Markets is Forex broker which started as a CFD broker and then added spot Forex trading to its

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