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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 February, 2009

Taurus Global Markets — Bahamian Forex and CFD Broker

February 10th, 2009

Taurus Global Markets is the latest Forex broker addition to the list on my site. It’s a rather new MetaTrader broker that is present on-line since 2007. Like many other MetaTrader brokers it’s not regulated by any serious financial authorities and is registered in the offshore zone — Bahamas in this case. The …

NTWO Capital Markets — Yet Another Unregulated MetaTrader Broker

February 10th, 2009

NTWO is a MetaTrader Forex and CFD broker with the offices in U.S. and United Arab Emirates (according to their website), but they are not registered with NFA or CFTC. Their site is active on-line since 2005. NTWO offers standard trading accounts from $2,000 and 1 lot minimum …

WSD — New Zealand MT4 Forex Broker

February 8th, 2009

WSD (or WSD Global Markets) is the on-line Forex broker based in New Zealand. WSD offers Forex, CFD, futures, options and oil trading services on-line since 2006. It features the MetaTrader 4 trading platform for all types of trading. To start trading with this broker you’ll have to open …

Forex Technical Analysis for 02/09—02/13 Week

February 7th, 2009

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

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.2449 1.2578 1.2758 1.2887 1.3067 1.3196 1.3376
GBP/USD 1.3486 1.3769

EUR/USD Rallies after Nonfarm Payrolls Report

February 6th, 2009

EUR/USD currency pair posted an unexpected growth today as the U.S. economy reported an even faster decline in the nonfarm jobs and the unemployment rate exceeded the pessimistic forecasts. EUR/USD is now trading near 1.2941.

Nonfarm payrolls fell by 598k in January after falling by 577k in December (revised …

Dollar Trades Almost Without Change against Euro

February 5th, 2009

Despite the large drops in the employment and the factory orders in the United States, the U.S. dollar stood still against the euro today. Although, there were medium intraday spikes in both directions, the EUR/USD is currently trading close to its opening level — near 1.2856.…

EUR/USD Declines on Some Mixed News from U.S.

February 4th, 2009

EUR/USD fell today as some bad and some good news regarding the state of the economy were released in the United States. EUR/USD is currently trading near 1.2888 after reaching as low as 1.2812 earlier today.

ADP Employment report showed that the private nonfarm employment declined by 522k job

5/13/62 Forex Trading Strategy by Rob Booker

February 3rd, 2009

The short Forex ebook that was uploaded on my site today is 5/13/62 strategy description written by one of the most famous Forex gurus of our time — Rob Booker. The strategy is based on the three EMAs (exponential moving averages) with periods — 5, 13 and 62. The first half of the …

EUR/USD Rises as Manufacturing ISM Grows

February 2nd, 2009

EUR/USD advanced today after the weekly opening gap and even rose above the Friday’s close level. Some of the fundamental reports in U.S. were slightly better than the traders have expected, so the currency markets reacted with the growing high-yielders. EUR/USD is currently trading near …

18 Trading Champions Share Their Keys to Top Trading Profits

February 1st, 2009

New ebook was added to the trader’s library on my site today — it’s 18 Trading Champions Share Their Keys to Top Trading Profits by FWN (Financial World News). The book offers 18 success stories of the famous professional traders of the 20th century. The list of the eighteen includes such well …

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