Archive

EUR/USD had a mild advance today after losing sharply in yesterday’s session, as European quarterly growth figures were positive. The U.S. trade balance deteriorated even further from the past month, in a week marked by extreme volatility in the pair and lack of a consistent trend. EUR/USD is trading at 1.4873 from virtually …

The dollar regained its power on the Forex market today as the euro declined in correction, pressed on by the technical and fundamental factors. Even the rather growth-favoring macroeconomic reports that were released today failed to help the euro. EUR/USD is currently trading near 1.4864.

Initial jobless claims continued to decrease last week and were …

The latest trading e-book that has been uploaded to my site is “Trading as a Business” by unknown author. It’s difficult to categorize this book as it’s quite unusual. It tries to teach the reader to treat the financial trading (for us — it’s Forex trading) as any other business, with it’s income and spending, …

Enough with the conversion of the old MT4 indicators to MT5. I’ve decided to add something new today. One of my site’s visitors asked me to make some working MT5 indicator that would display the spread on the chart (which is really useful for variable spreads). I’ve created this indicator both for MetaTrader …

When the Forex brokers hold your position without making a physical delivery of currency (cash) to you, they should be paying an interest rate on your position. This interest rate is applied at the end of each day (17:00 EST) on all your open positions and is called rollover. This rollover …

An interesting service is offered by BostonTechVPS. It’s a MetaTrader 4 VPS company that allows traders to trade via MT4 through the web-based interface. After you sign up for this service, you’ll be able to access your MT4 platform (with all its indicators and expert advisors) …

I’ve converted the Laguerre trend’s strength indicator from MQL4 to MQL5 today so that it can now be used in MetaTrader 5 platform. Not much interesting in the process of the conversion and the MT5 platform doesn’t add anything useful or new in functionality to this indicator, but I guess some traders …

Global Futures is an on-line Forex brokerage company that was added to www.earnforex.com today. This broker offers its services for multiple markets, including currencies, futures, CFD (only for non-U.S. residents) and commodities. They went on-line in 2000 (though, they were on another domain until 2004 — daytrade4less.com…

The weekly chart of EUR/CHF currency pair is showing a rather rare pattern — a horizontal channel formed by the support and resistance levels. The support level is a double bottom with two lines close to one another. The bearish breakout through such support level can be a very strong signal. EUR/CHF …

The new position system of MetaTrader 5 (no-hedge FIFO) is quite different from what the Forex traders used to see in MT4. It spurred many flame wars on various Forex-related forums and made many worthy traders believe that trading with new MT5 adds extra costs to trading (in a form …