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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 May, 2010

EUR/USD Drops Below 1.25 Sparking Talks About Euro’s Collapse

May 14th, 2010

EUR/USD fell today below 1.2500 prompting speculation about future parity between the dollar and the euro. The future of the common European currency looks really grim amid concerns that Greece won’t be able to repay its debts and rumors that France threatened to leave the euro. At the same time, reports showed …

Increasing Prices Signal About Recovery in U.S., EUR/USD Falls

May 13th, 2010

EUR/USD decline continues as a debt crisis in the European Union poses a question about survival of the common European currency. Import and export prices increased, signaling about the economic recovery. The signs of the recovery is also supported by a decreasing number of people claiming jobless benefits. Still, jobless claims decreased less than expected, …

How Does VPS Work in Forex Trading?

May 13th, 2010

Forex VPS is a service that helps traders to deploy their expert advisors on a dedicated server that will be running 24/7 without interruptions, independently from the trader’s own computer and without any efforts from the trader’s side. VPS hosting companies usually charge from $10 to $99 per …

Why Forex Brokers Lie?

May 12th, 2010

Why do Forex brokers or, more exactly, their representatives lie? I don’t mean the ”usual lies” with the misleading ads or a plain scam when some broker just stops paying or removes parts of the balance. I am talking about the lies when the broker sends its information to be included to the listing …

EU Loan Package Boosts EUR/USD

May 12th, 2010

EUR/USD rose today after two days of decline. The unprecedented €750 billion ($960 billion) loan package of the EU fueled some optimism for the common European currency, though concerns and doubts about the EU economy remain. The U.S. economy in the same time also showed good results as the trade deficit signaled that …

Good Old Cheap VPS — UCVHOST

May 11th, 2010

The latest Forex VPS service that has been listed on EarnForex.com is UCVHOST. Its description is now available to the site’s visitors. It’s also possible to rate and review this hosting. UCVHOST is offering its services since 2000, making them quite an old VPS company. They …

Shady Smart FX VPS

May 10th, 2010

TheSmartFX VPS is a latest addition to the list of the similar services featured at EarnForex.com. It’s based in Untied States and offers a Windows-based VPS hosting, specialized on Forex traders. The basic type of hosting is priced at $49.00 but doesn’t include the pre-installed MT4 platform. Instead it’s offered in a package priced at $69.00 for the first …

Any Forex Opportunities in U.K. General Election?

May 9th, 2010

U.K. General Election 2010 was held on Thursday, May 6. The outcome of the election has surprised many pound and U.K. stock market bulls by resulting in hung parliament (the first one since February 1974 in U.K.). According to the latest results the seats among the three major parties were divided …

Forex Technical Analysis for Week 05/10—5/14

May 8th, 2010

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

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.1583 1.2049 1.2400 1.2866 1.3217 1.3683 1.4034

Euro Strengthens vs. Dollar as European Crisis May Be Resolved

May 7th, 2010

EUR/USD halted its 4-day decline today on the speculation that the European Central Bank and the Group of Seven Nations will act to prevent a debt crisis to spread over European countries. While the non-farm payrolls posted positive results for the U.S. economy, rising unemployment rate can be consider somewhat disturbing. Still, …

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