Serving Traders Since 2005
Margin call happens when the remaining balance on the trader’s account isn’t sufficient to cover the current “paper loss” on the open positions. In Forex trading margin call is a particularly bad problem because everything is happening on-line (i.e. very fast), Forex brokers don’t like to see a negative balance (that’s …
The newest Forex broker on my site currently is FX Trading — a rather cool name to have for a broker, in my opinion. They are on-line since 2003 but I can’t say that they are very popular, because they serve as an IB for other (more “wholesale”) broker. They are based in United …
A rather awkward version of a descending triangle pattern has formed on the USD/CHF weekly chart. It begins with a huge fall in October 2008 (when the global financial crisis began) and is currently coming close to its end with the range of a price change narrowing down from above. This is probably …
EUR/USD trend: sell.
GBP/USD trend: hold.
USD/JPY trend: sell.
EUR/JPY trend: sell.
| Floor Pivot Points | |||||||
|---|---|---|---|---|---|---|---|
| Pair | 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| EUR/USD | 1.3777 | 1.3892 | 1.4074 | 1.4189 | 1.4371 | 1.4486 | 1.4668 |
| GBP/USD | 1.6060 | 1.6199 | |||||
The euro dropped against the dollar on the positive (compared to the expectations) nonfarm payrolls data today. It’s quite strange for EUR/USD to react to positive fundamental releases with a decline, but dollar is looking more attractive to the traders right now. EUR/USD is currently trading near 1.4317.
Nonfarm payrolls declined by …
The latest trading e-book that was uploaded to the site today is Core Point and Figure Chart Patterns, which lists some interesting patterns that can be analysed on the point-and-figure charts. Point-and-figure charting is a special way to represent the market data, where the chart bars don’t depend on time …
Two of the three major fundamental indicators of the U.S. economy showed a worse than expected results today in the respective reports, causing EUR/USD to continue its rather slow and uncertain correction on the Forex market. It fell for a second day today, going below the yesterday’s lows. Currently, it’s trading near 1.4369.
ADP …
Zuit is another Windows-based VPS hosting company that was added to my site today. It specializes itself in MetaTrader VPS hosting and offers MT4 as a free pre-installed service for all its customers. They don’t offer a real trial periods but have a 30-day moneyback guarantee, which is a kind …
EUR/USD pair showed a technical small correction after three days of growth (two of which were extremely strong). The euro reacted to the decrease of the personal income in United States. After reaching its highest level since mid-December, EUR/USD is now trading near 1.4388.
Personal income decreased by 1.3% …
IS Markets (IntelliSource Markets) is a new Forex broker, which description was added to my site today. It’s based in Netherlands but is also registered in Nevis. It’s a MetaTrader broker that offers variable spreads on EUR/USD (that are still quite high, nevertheless — 2–3 pips on EUR/USD currency …
