MYFX Forex Trading Software
Forex traders make many important decisions prior to entering the Forex market. One of those decisions is which… Continue
Added by Michael Markarian on March 31, 2014 at 9:06pm —
EUR/JPY: technical analysis
Throughout last week “bearish” trend dominated except minor rise on Monday. The pair had reached local highs of 1.3875, and then started to decline, reaching the lows of 1.3704 at the end of the week.Today, preliminary consumer price index in Eurozone has become known. The index was below the forecast, which caused slight decline in the pair. It is worth noting that some important events are going to happen this week: ECB… Continue
Added by AlexanderLF on March 31, 2014 at 1:58pm —
Forex: Ichimoku Clouds. Обзор NZD/CHF
On the four-hour chart Tenkan-sen line is above Kijun-sen, both lines are horizontal. Chinkou Span line is above the price chart, current cloud is ascending. After strong rise the pair has been corrected under Tenkan-sen line, which is now a resistance level (0.8672). The closest support level is Kijun-sen line (0.8614).
Let’s look at the daily chart.… Continue
Added by AlexanderLF on March 31, 2014 at 1:43pm —
There are many factors to consider before starting Forex Trading. One would need to select which Forex broker to use. One would also need to select which … Continue
Added by Michael Markarian on March 31, 2014 at 5:19am —
The MetaTrader 4 trading platform is probably the most popular of all Forex trading platforms. It is estimated that there are over 400 Forex brokers that offer MetaTrader 4. With an estimated 80% of the retail… Continue
Added by Michael Markarian on March 29, 2014 at 8:55pm —
Since binary options trading was made available for retailers back in 2008 with public listing on the exchanges, this relatively new system of trading has become one of the most popular financial ventures. Trading platforms for binary options are plenty, but not all of them are available for the retail level trader. The Global Binary Options Research firm has been tracking the binary options market and industry since… Continue
Added by John Hayek on March 28, 2014 at 10:30pm —
The Forex market without question is truly a global market. The Interbank trading sessions start in Tokyo continue on to London and end up in New York. These trading sessions span over many countries and many time zones.
The banks and financial institutions that make up the Interbank market are the heart and soul of the Forex market. It is… Continue
Added by Michael Markarian on March 28, 2014 at 9:03pm —
AUD/USD: Review of forecast
The Australian dollar continues to strengthen against the USD. The pair has already reached four-month highs. The “bulls” had tested the level of 0.9295 but the pair failed to consolidate above this level , and started correction. The Australian dollar was supported by the statement of the chairman of Australian Reserve Bank Glenn Stevens, who said that Australian economy shall look for new ways of development, which… Continue
Added by AlexanderLF on March 28, 2014 at 3:20pm —
EUR/USD: Review and forecast
Euro continues to fall in price. On Thursday pressure on the pair was caused by US statistics. It became known that number of initial claims for unemployment benefits fell to 311 thousand, which is above the forecast. Growth of US GDP in Q4 amounted to 2.6%. This index was by 0.1% lower than expected; however, it does not decrease interest of market participants to the USD.
Today investors will be focused on… Continue
Added by AlexanderLF on March 28, 2014 at 3:07pm —
Every day more and more traders are discovering the benefits and advantages of trading binary options. With the low amount of capital required to trade binary options this means traders can test their trading systems. As with any other type of trading one should always be familiar with a demo account prior to trading a live account. This… Continue
Added by Michael Markarian on March 27, 2014 at 9:08pm —
Brent: analysis and forecast
Crude oil Brent has exceeded the upper limit of the trading channel on H4 chart. The rise in the instrument can continue but situation in the oil market will depend on geopolitical situation. On the one hand oil is supported by situation in Libya, where oil production in one of the largest deposits has been suspended, which can reduce daily oil production to 0.15 million barrels.
On the other hand, the USA plans… Continue
Added by AlexanderLF on March 27, 2014 at 1:02pm —
GBP/USD: investors anticipate the rise of USD after publication of the US GDP
On Wednesday the British currency significantly rose against the USD. The pair had pushed off from the lower limit of the ascending channel and reached the level of 1.6600. Today a lot of important British and US news will become known, including volume of retail sales for February in the UK and GDP for Q4 and number of initial claims for unemployment benefits in the… Continue
Added by AlexanderLF on March 27, 2014 at 12:49pm —
There are so many choices out there when it comes to the different types of Forex accounts. Most are quite familiar with the Forex demo account. Hey Forex demo account is where you get to test drive the Forex trading software.
Most Forex brokers will allow you to select your demo account deposit amount. You can then try out all the bells and whistles all the… Continue
Added by Michael Markarian on March 26, 2014 at 10:38pm —
NZD/USD: ascending movement will continue
Since the beginning of this week the currency pair NZD/USD has traded in the uptrend, slowly regaining from losses, caused by the US Fed decision to reduce bond purchase program. Negative US statistics puts pressure on the American dollar. Business activity index in the US manufacturing sector fell below the forecast, estimated by Markit and Richmond fell, reaching 55.5 and 7 points… Continue
Added by AlexanderLF on March 26, 2014 at 5:05pm —
EUR/USD: USD is expected to strengthen
Yesterday morning European currency fell against the USD amid poor macro-economic German data. Business sentiment index fell below the forecast and the pair reached support level of 1.3750. In the mid-day Euro won back positions due to weakening in American dollar caused by negative data from construction sector. The speech of the chairman of ECB did not help pair to rise above the level of… Continue
Added by AlexanderLF on March 26, 2014 at 4:24pm —
Market speculation which is otherwise known as trading has become a career for some and a past time for others. Futures traders and stock traders around the world for years have been speculating on the direction of their respective markets. If someone wants to enter the world of market… Continue
Added by Michael Markarian on March 25, 2014 at 9:21pm —
Forex: Ichimoku Clouds. Review of USD/CAD
On the four-hour chart Tenkan-sen line is below Kijun-sen, both lines are horizontal. Chinkou Span line is approaching the price chart from above; current cloud is ascending. After strong rise the pair has been corrected under Tenkan-sen line, which becomes a resistance level at 1.1215. Support level is the upper border of the cloud at 1.1086.
Added by AlexanderLF on March 25, 2014 at 1:13pm —
GBP/USD: will the pair be able to break out psychologically important level?
Downtrend prevailed during last week. Continuation of phasing out of QE3 in the USA provided additional support to the USD and increased investors’ interest to the American currency. The pair GBP/USD lost over 200 points and consolidated at the key support level of 1.6470. Due to lack of British and USA news yesterday, the pair traded in the narrow channel. The level of… Continue
Added by AlexanderLF on March 25, 2014 at 1:02pm —
Have you ever Googled or searched binary options or binary option brokers? A multitude of binary option brokers appear with many things that they promise. The real question is do they deliver on these promises? One can get easily distracted trying to weed through all of the bonus offers and other incentives to try and get you to open an… Continue
Added by Michael Markarian on March 24, 2014 at 8:07pm —
EUR/USD: long-term downward correction
Following sharp decline in the pair related to the reduction of the US QE3 program, European currency started slowly win back positions against the USD. Today favourable data on business activity in the manufacturing sector and in the service sector of France had added support to the pair; however after the release of poor data from Germany the pair went down again. At the moment the pair GBP/USD is trading at… Continue
Added by AlexanderLF on March 24, 2014 at 1:16pm —