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My Forex experience and some Forex related information that might be useful to other traders http://www.earnforex.com/blog рекомендовать друзьям >> |
- Greek Forex Broker
I’ve uploaded the basic details about FXGreece broker to my site today. I guess it’s the first Greek Forex broker that I’ve seen. There were many from Cyprus, but though culturally related Cyprus isn’t Greece. Is there anything else interesting about this broker? Not much, they are quite average and in some properties — below the average. FXGreece offers web-based, standalone and mobile trading software, but the minimum account size is quite high even for mini — $2,000. Other features of this broker include:
- Necessity to send the initial account opening documents via postal mail
- Wire transfer as the only mean to upload and withdraw funds
- Gold and silver trading
- 3 pips spread on EUR/USD
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Posted on Forex blog.
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Переслать - How Much Time Do You Spend on Forex Trading?
The majority of the professional Forex traders spend full working day on trading. I spend no more than an hour a day to trade. Usually even less. Some traders that I know trade during London/U.S. sessions’ intersection (four hours). Actually I don’t think that the time spent on the market can proportionally increase the amount of profit you get from trading. So, in my opinion, it’s very important to find a balance here. Where have you found this balance?
Note: There is a poll embedded within this post, please visit the site to participate in this post's poll.
Posted on Forex blog.
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Переслать - Forex Chart Patterns — EUR/CAD, CHF/JPY and Gold
This is my second post with some interesting chart patterns that were spotted during the past week and that can still be played out by the traders. EUR/CAD, CHF/JPY and Gold charts are presented. To me, those patters look extremely profitable and constitute great positions. I hope that you are familiar with the pattern trading and can figure out how to use them. Anyway, trade at your own risk. As always, you click the images to get a full chart picture with the complete pattern visible.
1. EUR/CAD, Daily, Falling Wedge:

2. CHF/JPY, Daily, Ascending Triangle:

3. Gold (XAU/USD), Weekly, Rising Wedge:
Posted on Forex blog.

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Переслать - Forex Technical Analysis for 06/08—06/12 Week
EUR/USD trend: sell.
GBP/USD trend: hold.
USD/JPY trend: hold.
EUR/JPY trend: sell.
Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3533 1.3663 1.3909 1.4039 1.4285 1.4415 1.4661 GBP/USD 1.5487 1.5631 1.5909 1.6054 1.6332 1.6476 1.6754 USD/JPY 91.27 92.84 94.08 95.66 96.90 98.48 99.72 EUR/JPY 128.17 129.82 132.38 134.03 136.59 138.24 140.80 Woodie’s Pivot Points Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res EUR/USD 1.3692 1.3968 1.4068 1.4344 1.4444 GBP/USD 1.5665 1.5976 1.6087 1.6398 1.6510 USD/JPY 92.76 93.92 95.58 96.74 98.39 EUR/JPY 130.04 132.83 134.25 137.04 138.47 Camarilla Pivot Points Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res EUR/USD 1.3949 1.4053 1.4087 1.4122 1.4190 1.4225 1.4259 1.4363 GBP/USD 1.5955 1.6071 1.6109 1.6148 1.6226 1.6264 1.6303 1.6419 USD/JPY 93.78 94.55 94.81 95.07 95.59 95.84 96.10 96.88 EUR/JPY 132.62 133.78 134.17 134.55 135.33 135.71 136.10 137.26 Tom DeMark’s Pivot Points Pair EUR/USD GBP/USD USD/JPY EUR/JPY Resistance 1.4350 1.6404 97.69 137.41 Support 1.3974 1.5982 94.87 133.20 Fibonacci Retracement Levels Pairs EUR/USD GBP/USD USD/JPY EUR/JPY 100.0% 1.4168 1.6199 97.23 135.68 61.8% 1.4024 1.6037 96.16 134.07 50.0% 1.3980 1.5987 95.82 133.57 38.2% 1.3936 1.5938 95.49 133.07 23.6% 1.3881 1.5876 95.08 132.46 0.0% 1.3792 1.5776 94.42 131.46 (...)
Posted on Forex blog.
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Переслать - Dollar Gains on Unexpected Employment Data
EUR/USD declined today as the unexpected data on the May employment market situation surprised and confused the Forex traders. After growing during the early trading session, EUR/USD is now trading at its June’s low near 1.3965.
Nonfarm payrolls decreased by 345k in May after sliding by 504k in April (revised positively from -539k change). That was a complete surprise to the market participants as it was almost twice as low as the average decline during the past 6 months. The forecasts also showed 520k decrease of the payrolls. Meanwhile, the unemployment rate rose unexpectedly fast — from 8.9% to 9.4%, and appeared to be above the forecast value of 9.2%.
Consumer credit declined by $15.7 billion in April, following a drop by $16.5 billion in March (revised negatively from $11.1 billion drop). Forecasts showed a prediction of $6 billion decline.
Posted on Forex blog.
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Переслать - EUR/USD Down for a Second Day as Productivity Grew
EUR/USD continued to fall today as the ECB kept interest rate unchanged and the U.S. productivity in the first quarter of 2009 rose faster than expected. The currency pair is now trading near 1.4121.
Initial jobless claims were at 621k last week, down from 625k reported for a previous week, almost the same as the traders have expected (620k).
Nonfarm productivity in the business sector rose by 1.6% in the first quarter of 2009. The growth was revised from 0.8%. Market participants expected an increase by 1.2%.
Posted on Forex blog.
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