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OrderSend Error 138 (or ERR_REQUOTE) may appear during the execution (but not backtesting) of the MetaTrader expert advisors (only in MT4, as the MetaTrader 5 platform uses a different system of OrderSend error codes). Error 138 means that the broker replied with a ”Requote” signal to your expert advisor’s OrderSend function. …

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

…

EUR/USD slowly returns to its opening level after it dropped sharply after discussion of EU leaders about measures to prevent debt crises renewed concerns about, well you guess it, debt crisis. Advance GDP report showed the value for the third quarter, which was better than for the second …

Please, welcome our new listed broker — AFM. It’s latest addition to the Forex broker list and the 17th listed broker with “Markets” in its name (AFM stands for Advanced Financial Markets). They are registered in British Virgin Islands and offer Forex trading services via MetaTrader platform. The entry …

US economy continues to produce unexpectedly good results, driving EUR/USD further down. This data also influence the outlook for quantitative easing, which in turn boosts dollar. Quantitative easing was already priced in the dollar price, so speculation about less additional stimulus drives dollar up. EUR/USD trades …

EUR/USD dropped as today’s reports, as well as yesterday’s report on existing home sales, were largely positive, giving rise to speculation that quantitative easing will be performed later and in smaller scale. EUR/USD trades currently at 1.3884.

S&P/Case-Shiller home price index declined to 146.99. It was 1.7% higher than …

The markets (and Forex market in particular) are affected by three major categories:

• Fundamental factors — supply and demand, interest rates and macroeconomic indicators;
• Technical factors — supports and resistances, trends, chart patterns and waves;
• Emotional factors — risk aversion, round number attractors, subconscious biases.

Despite this, the resulting market behavior is …

STRATO Markets is the today’s addition to the list of brokers on EarnForex.com. It’s the 16th listed broker with “Markets” in its name (about every 10th broker decide to use such naming style). It’s a new Forex broker that supports trading currencies (and some metals) through 4 different platforms — MetaTrader …

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

…

I’ve found out about GFC Markets a few months ago but for some reason forgot to list it on the site. Today, I’ve finally added this Cypriot company to the list of Forex brokers. It’s a regulated MetaTrader broker (several European agencies, including British FSA). The minimum account …