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Forex Blog
My Forex experience and some Forex related information that might be useful to other traders

Archive

Archive of Forex blog posts for July, 2011

CySEC-Regulated MetaTrader Broker — IronFX

July 12th, 2011

IronFX is the latest addition in the Forex broker list on EarnForex.com. It’s a Cypriot broker that offers FX trading via MetaTrader and Web Trader platforms. This broker is regulated by the Cyprus Securities and Exchange Commission. Although, the minimum account size isn’t very low — $500, other …

Another BVI Company — Offshore Broker PaxForex

July 11th, 2011

Today I’ve added another Forex broker from British Virgin Islands to the list on the site. It’s a brand new company — PaxForex. They currently offer various bonuses to attract customers and have very favorable conditions for joining. It’s a MetaTrader broker with only $5 minimum account size, …

Forex Report Analysis Tool Out of Beta

July 10th, 2011

Forex Report Analysis Tool is now officially out of beta version. It has received a completely new design, gaining a user-friendly interface, structured output of the analyzed metrics and new charts. In addition to features described here, there are several important improvements over the beta version:

  • The charts for all

Finnish Forex Broker — FinFX

July 10th, 2011

Today I’ve added the first description of a Forex broker from Finland on EarnForex.com. It’s FinFX — a rather new currency trading website (went online in 2010) that offers competitive ECN conditions via Integral liquidity provider. The average spread on EUR/USD is just 0.6 pip, while the full-round commission …

Forex Technical Analysis for Week 07/11—07/15

July 9th, 2011

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.3747 1.3976 1.4119 1.4348 1.4491 1.4720 1.4863
GBP/USD 1.5737 1.5833 1.5945 1.6041 1.6153 1.6249 1.6361
USD/JPY 79.24 79.87 80.22 80.85 81.20 81.83

EUR/USD Falls Even After Bad US Payrolls

July 8th, 2011

EUR/USD fell today on concerns about indebted nations of the European Union. The currency pair jumped after the report showed that the US nonfarm payrolls grew last month grew in June with slowest pace in nine months and the unemployment rate unexpectedly increased, but quickly erased gains and resumed its decline. …

RTATC2011 — Day 5 — Multi-Currency Expert Advisor

July 7th, 2011

Following the recent success with Z-Score optimization of my MT5 expert advisor for the Automated Trading Championship 2011, I present the next entry in my Road to ATC 2011 journal. This entry is all about adding a multi-currency support to my expert advisor.

Old Ways

As I’ve already written, adding multi-currency support to an MT5 …

EUR/USD Reverses Downtrend as ECB Raises Rates

July 7th, 2011

EUR/USD advanced today as the increase of interest rates by the European Central Bank overshadowed the positive reports about the employment in the US. (Event A on the chart.) The currency pair hasn’t immediately reacted to the news and continued its decline at first, but later surged above the opening rate. The US jobless claims were near the median forecast, …

EUR/USD Down as Moody’s Cut Portugal’s Rating

July 6th, 2011

EUR/USD extended its decline today for the second day as Moody’s Investor service downgraded Portugal’s credit rating and warned about possible default in Greece. The economic data from the US was worse than expected, but the US employment reports later this week should be real drivers of the Forex market. …

Is Your Forex Broker Regulated?

July 4th, 2011

There’s much ongoing debate on Forex regulation, but there’s one thing for sure — many traders look only for regulated brokers and pay a lot of attention to this quality. The point is that regulatory conditions differ greatly from country to country. That’s why it’s interesting to hear what Forex …

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