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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 October, 2011

EUR/USD Doesn’t Know Where to Go as Traders Uncertain About Europe

October 20th, 2011

EUR/USD virtually hasn’t gone anywhere in the past three days. The currency pair shows strong swings, but ends at about the same level as the sentiment about Europe and its problems changes from optimistic to pessimistic and than returns to optimism almost every hour, if not a minute. Generally, uncertainty plays more …

EUR/USD Goes Higher with Optimism, Reverses Positive Trend

October 19th, 2011

EUR/USD climbed today on the speculation that European leaders will boost the European Financial Stability Facility (the rescue fund). It looks like the optimism was short-live, though, as the currency pair retreated from this day’s high and currently shows tendency to fall. The data from the US continues to be moderately positive, …

EUR/USD Extends Decline as Moody’s Says France’s Rating in Danger

October 18th, 2011

EUR/USD dropped today for the second day as Moody’s Investor Service added to worries about Europe, saying that France’s top credit rating is threatened by the region’s debt crisis. At the same time, the economy of the US showed sings of improvement, alleviating concerns about a potential economic slowdown.

PPI rose 0.8% in September, …

EUR/USD Loses Its Earlier Gains as Optimism Caused by G20 Meeting Wanes

October 17th, 2011

EUR/USD currency pair was initially boosted by the optimism, caused by the G20 meeting. The leaders of the European Union started to devise a plan for dealing with the debt crisis and euro bulls were happy to hear about readiness of European politicians to resolve the matter. Yet the euro gave away its gains as Steffen Seibert, spokesman …

Forex Broker Regulated in Many Countries — Ikon Group

October 16th, 2011

I don’t know how about you, but I’ve seen quite a few Forex brokers with “Ikon” on their title. Not sure why it’s so popular and if they were connected somehow, but today I’ve added one of these brokers to the list on the site. It’s called Ikon Group

Forex Technical Analysis for Week 10/17—10/21

October 15th, 2011

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.3022 1.3199 1.3540 1.3717 1.4058 1.4235 1.4576
GBP/USD 1.5287 1.5406 1.5612 1.5731 1.5937 1.6056 1.6262
USD/JPY 75.31 75.81 76.49 76.99 77.67 78.17

G20 Meeting Started, Bolstering EUR/USD

October 14th, 2011

EUR/USD jumped today as the leaders of the Group of Twenty started their meeting in Paris today. The G20 chiefs will discuss the European sovereign-debt crisis and the actions needed to be taken in order to resolve the situation that threatens the global economy. The news from the US were good for the most part, except for the preliminary report about …

Risk of Ruin

October 14th, 2011

Every Forex trader wants to know how risky his strategy is and what’s the chance to lose a part of the account or the whole balance. This chance is called risk of ruin. Since usually Forex traders know their win/loss ratio and the average size of winning and losing positions, calculating the risk of ruin …

EUR/USD Rebounds, Resumes Decline

October 13th, 2011

EUR/USD was falling today, started a strong rally at about 14:15 GMT, but now it looks like the currency pair resumed its decline. Today’s reports weren’t far from forecasts, were near the previous reading and likely had little impact on the performance of the currency pair. Yesterday’ FOMC minutes …

What is the Best Forex Position Sizing Method?

October 10th, 2011

Last week, I’ve posted a general overview of various position sizing rules. Today, I’d like to know, which of those methods are most used among the common Forex traders. It seems to me that the fixed position size method should be more popular with the newbie traders, …

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