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Forex Blog
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, 2011

EUR/USD Little Changed as Fundamentals Hard to Interpret

August 31st, 2011

EUR/USD traded mostly sideways today. It plunged down recently, but quickly recovers as of present time. The fundamentals in the US are mixed. While employment was even worse than expected by rather pessimistic analysts, Chicago Business Barometer fell less than predicted and factory orders increased above expectations.…

Regulated Russian Forex Broker — Grand Capital

August 31st, 2011

Forex broker list on EarnForex.com has been updated with a new company — Grand Capital. It’s a Russian, KROUFR-regulated entity with very favorable account opening and trading conditions (similarly to many other MetaTrader brokers originating from that country). You can start trading with only …

Yet Another Australian Forex Broker — IC Markets

August 30th, 2011

IC Markets (or International Capital Markets) is a new Forex broker in the list of broker on EarnForex.com. Its website was launched in 2010 and it’s fully registered and regulated by ASIC. They offer three different trading platform — MetaTrader, one web-based platform and a specialized platform to trade CFDs, futures, stocks …

EUR/USD Slumps as ECB Unsure About Future

August 30th, 2011

EUR/USD dropped today as the comments of European Central Bank President Jean-Claude Trichet yesterday made traders believe that the ECB is going to pause its interest rates hikes. Today’s report about home prices, that turned out to be a little better than expected, drove the currency pair further …

EUR/USD Advanced as Home Sales Decline

August 29th, 2011

EUR/USD jumped at today’s trading session as the optimistic speech by Federal Reserve Chairman Ben S. Bernanke improved market sentiment, but was declining afterwards. The currency pair jumped in the middle of the session, but currently falls again.

Personal income and spending increased in July. Personal income grew 0.3%, exactly as analysts …

Is Forex Trading an Easy Way to Earn?

August 29th, 2011

To a complete newbie who’ve heard little about the global currency market, Forex might seem an over-complicated scientific-financial activity for some sorts of hacker-banker hybrid persons. When such a newbie reads some basic introduction to Forex and tries trading on the demo account, the previous belief usually transforms into a confidence …

ATR Trailing Stop Expert Advisor

August 28th, 2011

I’ve finally found some time to upload a Forex expert advisor that I’ve been testing since December 2010. It’s called ATR Trailer and, as its name suggests, is based on ATR (Average True Range indicator) trailing stop. The idea behind this MetaTrader EA is …

IB of Trading Point — Mega Trader FX

August 27th, 2011

Usually, we do not add introducing brokers to the list of Forex brokers on EarnForex.com. But, sometimes, IBs can be interesting enough to be listed there. Mega Trade FX is one of them. It introduces its customers to Trading Point and has very similar trading conditions. …

Forex Technical Analysis for Week 08/29—09/02

August 27th, 2011

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.4209 1.4268 1.4383 1.4442 1.4557 1.4616 1.4731
GBP/USD 1.5825 1.6016 1.6191 1.6382 1.6557 1.6748 1.6923
USD/JPY 74.93 75.70 76.17 76.94 77.41 78.18

EUR/USD Erases Gains After Bernanke Speech

August 26th, 2011

EUR/USD today moved sideway before the GDP report. The currency pair began to rise after the report showed that the US economy in the second quarter of this year grew with slower pace than was expected. Yet EUR/USD slumped after Federal Reserve Chairman hinted about possible increase of stimulus …

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