Serving Traders Since 2005
The U.S. dollar rebounded against the euro today as the U.S. economic reports were very positive. The EUR/USD correction can only be explained as a technical one, which follows the similar correction on the U.S. stock market. EUR/USD is now trading at 1.4895 after reaching a new yearly maximum at 1.4966.
The latest Forex broker that was added to my site is 1pipfix from Canada (it’s still unregulated but is in the process of entering the regulation). This broker has a lot of advantages for the traders — like MT4 platform, 1 pip spread on all majors (at least it looks sustainable in this case, they …
EUR/USD rose to its maximum level in more than a year today as the set of the fundamentally stimulating reports moved the global stock markets up, lowering the attractiveness of the U.S. dollar as a reserve currency. Along with the better than expected macroeconimical statistics and the FOMC minutes release, EUR/USD was also spurred by …
A new Forex guide for the beginners was uploaded to my site today. It’s a Quick Guide to Forex Trading created by one of the most newbie-friendly Forex brokers — Easy-Forex. Of course, this e-book is quite full of the advertisements of the said broker and its platform and also the suggested ways of trading may not be …
ForexVPS.ch is a rather new VPS hosting company that offers its services for the Forex traders with the MetaTrader 4 platform pre-installed on all servers. The only operating system currently available for the VPS is Linux but they are planning to launch Windows in December 2009. The main problem with this …
MetaQuotes Software Corp., the developer of the MetaTrader software series announced yesterday an open beta testing for its new long-awaited product — MetaTrader 5 terminal. It’s a great event for many Forex traders, indicator and EA developers, Forex brokers and other currency market participants that will be benefiting from …
There are several types of the Forex charts that are used by the currency market traders. Perhaps, the most popular among them is the Japanese candlestick chart, which offers a lot of information about the price, which, at the same time, is easily understandable and can be used to analyze the chart patterns. …
EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: buy.
EUR/JPY trend: buy.
| Floor Pivot Points | |||||||
|---|---|---|---|---|---|---|---|
| Pair | 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| EUR/USD | 1.4223 | 1.4352 | 1.4463 | 1.4591 | 1.4703 | 1.4831 | 1.4943 |
| GBP/USD | 1.5411 | 1.5590 | |||||
10Pips is a new Forex broker that was added to the list on my site today. Its main stated advantage is the simplicity of the trading platform and the overall process of starting Forex trading even for the complete newbies. I don’t know why did they give their broker such a name but, in my opinion, 10 …
I’ve finally added a Forex strategies section to my site today. Currently it only lists only 9 strategies (very simple ones) — that isn’t a lot, but that list can help newbie traders to find their first strategy or to get a model for creating their own trading system. …
