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

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Archive of Forex blog posts for September, 2008

Business and Consumer Cinfidence Boost Dollar

September 30th, 2008

EUR/USD fell today at a fastest daily pace since the early September as the fundamentals in U.S. came out at a better than expected level today, spurring both U.S. stock market and dollar rallies. EUR/USD lost almost 300 pips today and is currently trading near 1.4129 level.

Chicago PMI, …

Forex Manual — Free Book for Forex Dummies

September 29th, 2008

Forex. On-Line Manual for Successful Trading is one of the best Forex books for beginners I’ve encountered recently and it’s now available to be downloaded for free from my site. Although, it’s not concentrating on any specific Forex related concept, this manual describes everything a new trader needs and wants …

Ingot Brokers — Another Swiss Forex Broker

September 28th, 2008

Information about another Swiss Forex broker is now available on my site. Ingot Brokers offers Forex trading along with CFDs, stocks, futures and options instruments, including oil and metals trading. There is a single account for all types of trading and a single trading platform — MetaTrader 4. Ingot …

Forex Technical Analysis for 09/29—10/03 Week

September 27th, 2008

EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: hold.
EUR/JPY trend: hold.

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.3981 1.4209 1.4411 1.4639 1.4841 1.5069 1.5271
GBP/USD 1.7843 1.8054

Dollar Trembles as GDP Report Show 0.5% Less

September 26th, 2008

EUR/USD rose today after the U. S. GDP Q2 results release disappointed many traders. The global stock markets also fell and not the last reason for that was the complete uncertainty about the $700 billion rescue plan. EUR/USD is currently trading near 1.4638 level.

GDP in the …

Dollar’s Giving Up on Poor Fundamentals

September 25th, 2008

Weak fundamentals will probably make Fed to cut the interest rate one more time by the end of the year. At least the dollar’s bearish movement on Forex today indicate that. EUR/USD reached its peak above the yesterday’s high and posted the first positive result in three days. …

Dollar Grows as Existing Home Sales Drop

September 24th, 2008

EUR/USD remained almost unchanged today after the yesterday’s slight correction. The currency pair was in the uptrend for the most part of the day but started to fall after the important economic reports came out today in U.S. It failed to reach the yesterday’s open level and is now …

Practical Fibonacci Methods for Forex Trading — Forex E-Book

September 23rd, 2008

Fibonacci retracements and extensions technique is quite a popular Forex trading method. Unfortunately, many traders lack the understanding of how and why the Fibonacci levels work and even more traders don’t understand how to use these levels. The little Forex book that I’ve uploaded to my site today …

Fit Markets — Another New Forex Broker

September 22nd, 2008

Fit Markets was added to the list of the Forex brokers on my site today. It’s a very new broker — it went on-line in the second half of 2008. Its site is till very fresh and a bit awkward, but it’s already advertising quite aggressively on some Forex-related websites. Fit Markets is a broker created by Forex Investment Team AG, …

FXD24 — New Forex Broker

September 21st, 2008

I’ve decided to add a new Forex broker to the list on my site today. It’s FXD24 — I’ve seen this broker before, but I’ve been in doubts about it because it looked too suspicious to me. But eventually I’ve thought that adding it to the list isn’t the same as recommending it, so now it’s there. FXD24 is quite new — it went on-line …

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