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A new addition to the articles section of the site — one article about Elliott waves theory (and their practical implication) by Joseph Plazo and another about Tom Demark’s trendlines (or pivot points) by Michael A. Jones:
Discover Some Magic to Beat The Forex: The Elliott Wave Theory for Forex Markets — …
Trade at Man is a British Forex broker (division of a Man Group company) with $10,000 minimum account size and a low leverage – 1:40. Such conditions are looking very unattractive to most Forex traders, especially beginners, who got used to 1:100 leverage with $1 minimum. But …
MGFOREX is a Forex broker that offers its own trading platform for its clients. The main drawdown of this trading software is that it handles positions only in a FIFO (First In First Out) manner – so, if you just cannot close a new position if there is …
General trend: bearish.
| Floor Pivot Points: | ||||||
|---|---|---|---|---|---|---|
| 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| 1.3306 | 1.3339 | 1.3404 | 1.3437 | 1.3502 | 1.3535 | 1.3600 |
| Woodie’s Pivot Points: | ||||
|---|---|---|---|---|
| 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res |
| 1.3347 | 1.3420 | |||
…
Last day of a Forex trading week brought some good results for EUR/USD currency pairs, moving it past 1.3450 level (but still not breaking the recent downtrend). The main reasons of such behavior of EUR/USD can be seen in slightly better than expected April industrial orders which in year-to-year …
ODL Securities is a Metatrader 4 Forex broker that states that you there is no minimum account size as well as no minimum amount to deposit, while the actual minimum is not zero – you’ll have to deposit at least 100$ to open the minimum lot size position available …
EUR/USD is still ranging making this week pretty calm compared to some previous weeks which showed us an amazing volatility and trendiness. The main reason for this slow Forex market I can see in the rather neutral economic releases we’ve seen this week. While the number and the market importance of these …
Royal Forex Trading is a relatively new broker that started its services in the end of 2006. It supports Metatrader 4 trading software, but it has not many features to attract Forex traders — $300 minimum deposit (which is not very low compared to some other brokers…
EUR/USD Forex pair was still today again. Some insignificant volatility didn’t even break 15 pips corridor. This day was low on macroeconomic releases, except for major release by the Bank of England — minutes of their latest meeting in June 6 and 7. This publication added …
Questrade FX is a Canadian Forex broker that has a web based (java based) trading platform that allows you to trade just from your browser window. Just like with Oanda or Easy Forex you don’t need to install any additional software – so technically …