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In the light of the recent regulatory actions by CFTC (mandatory FIFO order processing and the leverage limit of 1:50 for the major currency pairs), I’ve decided to find out the traders’ opinion on the whole situation with the regulation in the market. From one point of view, it’s very important to have some authority in the market to prevent scams, warn …

Recently, NFA has published a revised edition of its educational guide for the retail Forex traders. I’ve asked them for a permission to offer this valuable e-book to my site’s visitors and they’ve allowed me to openly share it. So, now the guide is available for download from our Forex Books for Beginners section. …

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

…

I’m currently reading Tom DeMark’s The New Science of Technical Analysis and I’ve encountered a description of an interesting indicator there — Range Expansion Index. Tom explains it in details but the explanation is rather confusing. Fortunately, it’s accompanied with some strange piece of code (for the Logical Information Machine…

EUR/USD rose at the start of today’s trading session as macroeconomic data signaled about a stronger economy in the US. Philadelphia Fed Business Outlook Survey was particularly favorable, signaling about improving manufacturing conditions. Not all reports were good, though. Building permits posted as decline, while forecasts promised an increase. …

EUR/USD fell today as Moody’s Investors Service said that Spain’s debt rating may be downgraded. There were plenty of reports from the US today and they showed a mixed picture. EUR/USD currently trades near 1.3347 after it dropped previously as low as 1.3285.

CPI rose 0.1% in November, …

EUR/USD jumped today in the first half of today’s trading session on speculation that the Federal Reserve is going to expand its bonds purchasing program, but later the currency pair dropped as reports from the US bolstered the dollar. Today virtually all reports were favorable for the US currency. The Fed didn’t changed …

Michael R. King from the Bank for International Settlements (BIS) and Dagfinn Rime from the Central Bank of Norway (CBN) have published an interesting article about the major reasons of the growth of volume in the Forex market since 2007. Although the article contains little useful information for the retail Forex traders, it …

Forexoma is a Forex learning portal that has launched its own retail brokerage service recently. They cater via the MetaTrader 4 platform. The broker is based in Canada but isn’t regulated by any financial authority yet. One can start trading with $500 and use the mini-lots. …

AUD/NZD W1 chart now shows an almost perfect ascending triangle pattern. The pattern was constructed on the trendlines (red lines) built according to Tom DeMark’s rules (I’m currently reading his book, so I’ve tried to apply some of what he says). It’s a rather long-term pattern and the apex …