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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 August, 2010

Triple-A Greek Forex Broker

August 19th, 2010

OK, maybe AAAFx isn’t “triple-A” in a sense of a corporate debt credit rating or some consumer report organization but it has “triple-A” in its name (at least this broker want’s to be “triple-A” at something). AAAFx is a MetaTrader Forex broker, working under European Union regulation and is …

EUR/USD Goes Up on Signs of Faltering Economic Recovery

August 19th, 2010

EUR/USD rose today, following yesterday’s decline, as reports from the US today were really bad. Unemployment claims posted increased instead of expected decline and the report from the Federal Reserve Bank of Philadelphia showed that manufacturing activity contracted. EUR/USD trades now near 1.2881.

Initial jobless claims went …

Biggest Forex Scam Pt. III (Joel N. Ward)

August 18th, 2010

Covered in our previous articles, you’ve already read about Forex scams created by Russell Cline and Richard Matthews Jr. Today we’ll talk about exploits about another conman of the foreign exchange market. Known as the ”Financial Serial Killer”, Joel N. Ward, a small trader with big …

Ever Downloaded and Installed Any MetaTrader Indicator or EA?

August 17th, 2010

Many free Forex expert advisors and indicators for MetaTrader 4 and 5 are offered on this site and many other websites on-line. That’s one of the main reason why the MetaTrader platform is so popular — the traders enjoy a lot of free user-created content that is shared and discussed by the community. I like …

Euro Rises vs. Dollar as Stock Markets Gain

August 17th, 2010

The euro rallied against the dollar today for a second day as stock markets stabilized, easing tension caused by the state of the global economy. The rally caused controversy among economists as some claim that this rally will end soon and the euro will fall to 1.24 per dollar, while others predict that the euro …

Bereavements and Mourning in Forex Trading? Yes, Since 1962!

August 16th, 2010

No, it’s not about losing pips in poor trading or mourning for your deposit. It’s about an indicator developed by Edward Coppock in 1962 for the Episcopal Church (for their investments, of course; not for their religious needs!) It was a long-term indicator for stock investments and the main idea behind it were the periods of ”mourning …

EUR/USD Declines After Reports from US

August 16th, 2010

EUR/USD currency pair is rising today, but declined after good economic reports from the US. EUR/USD currency pair trades near 1.2812.

N.Y. Empire State Manufacturing index increased to 7.1 in August from a previous reading of 5.1. Forecast promised a value of 8.1.

Net long-term purchases …

Major Redesign of EarnForex.com + New Features

August 14th, 2010

I’m glad to announce that EarnForex.com now features a completely new design of all pages in all three currently supported languages (English, Spanish and Russian). The aim of the redesign is to offer a better on-site navigation, more informative layout of the content and to achieve a more detailed representation of the listed brokers, expert …

Forex Technical Analysis for Week 08/16—08/20

August 14th, 2010

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

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.2010 1.2381 1.2566 1.2937 1.3122 1.3493 1.3678

EUR/USD Resumes Decline After Surge on GDP

August 13th, 2010

EUR/USD jumped today at the start of trading session on good GDP values in Eurozone countries, especially Germany, but later resumed its decline. Reports from US hadn’t brought any surprise, as forecast correctly predicted changes of macroeconomic indicators. EUR/USD is trading now near 1.2761 after jumping as high …

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