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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 January, 2011

Forex Bonuses — Ever Got One?

January 31st, 2011

Forex bonuses are quite popular among many online brokers. They attract new traders and help to keep the old traders loyal. A lot of these bonuses are quite useless as they imply a lot of restrictions on withdrawals or are simply too hard to receive. But some bonuses are rather easy …

EUR/USD Advances as Inflation in Eurozone Accelerates

January 31st, 2011

The dollar fell against the euro today as consumer prices in the Eurozone rose faster than anticipated. The economic growth in the US also gains momentum as was shown by today’s reports. EUR/USD trades currently at about 1.3716.

Personal income and spending increased in December by 0.4% and 0.7% respectively. In November,
personal income increased 0.4% …

Accent on Trading Conditions with AccentForex

January 30th, 2011

AccentForex is a new online Forex broker, registered in Seychelles, that was added to the EarnForex list of brokers today. It can be called a ”good old MetaTrader broker” — with very easy starting conditions ($10, micro-lots, leverage up to 1:500) and quite favorable trading environment — medium spreads, CFDs …

Forex Technical Analysis for Week 01/31—02/04

January 29th, 2011

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.3294 1.3417 1.3512 1.3635 1.3730 1.3853 1.3948
GBP/USD 1.5470 1.5610 1.5735 1.5875 1.6000 1.6140 1.6265
USD/JPY 80.42 81.19 81.66 82.43 82.90 83.67

EUR/USD Snaps Rally on Good US GDP & Consumer Sentiment

January 28th, 2011

EUR/USD dropped today after it was rallying for more than a week. The US economic growth, while a little slower than was anticipated, is still good and consumer sentiment gradually improves. The currency pair rose at the beginning of the trading session, but later was mostly falling. EUR/USD trades now …

EUR/USD Rises for Another Day as US Economy Underperforms

January 27th, 2011

EUR/USD continues to rise as the US economy underperforms, while the outlook for the European economy improves. Durable goods orders and initial jobless claims showed far worse results than was expected, while news from the house market were good. The currency pair slumped at the beginning of this trading session, but quickly …

EUR/USD Rises on Falling House Prices & Slower Manufacturing

January 25th, 2011

EUR/USD rose today despite the concern about the peripheral economies of the European Union. Decreasing home prices and slower manufacturing growth also contributed to the dollar weakness. Interestingly, consumer confidence in the US improved in spite of unfavorable economic data. EUR/USD trades now near 1.3670 after it dropped earlier to 1.3573

S&P/Case-Shiller

OrderSend Error 4107 (Backtesting)

January 24th, 2011

OrderSend Error 4107 is a so-called MQL4 run-time error that is similar to OrderSend Error 129 but, unlike the latter, appears only during backtesting of the MT4 expert advisors, not during their live or demo run. The error is called ERR_INVALID_PRICE_PARAM (Invalid price) in the MT4 …

Australian Forex Broker with MT5 Demo — Pepperstone

January 23rd, 2011

The latest MetaTrader Forex broker listed on EarnForex.com is Pepperstone. They are based in Australia and have started offering online trading services quite recently. They have rather low spreads — variable, starting from 0.5 pip. Apart from that, Pepperstone seems to be rather mundane. Although …

Forex Technical Analysis for Week 01/24—01/28

January 22nd, 2011

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

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.2988 1.3116 1.3368 1.3496 1.3748 1.3877 1.4128
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