Reminder – Trivia Quiz Live and Kicking – Win Cash Prizes
Posted on August 30, 2010
Filed Under Forex News | 2 Comments
I wish to remind everybody that the forex quiz continues. We already have interesting developments.
The forex quiz consists of 4 simple questions. All you have to do is answer the questions and collect Facebook “Likes” from your friends. The answers to these questions can be easily found on both sites: Forex Crunch and Forex Rate It. You can explore the sites to find the answers. The quiz is open until September 6th.
The winners are the top three participants that received the highest amount of “Likes”. The winner will receive $100, the runner up – $50, and 3rd place will be awarded $25. The payment will be made directly to the participants’ PayPal accounts. There’s no need to open an account with any forex broker
The quiz, with the interactive scoreboard and the terms are here.
So, I invite you to participate and wish you success!
What Kenny Rogers Can Teach You About Trading
Posted on September 2, 2010
Filed Under Forex Opinions, Guest Post | Leave a Comment
Guest post from visionsofaffluence.com
You got to know when to hold ‘em, know when to fold ‘em
Know when to walk away, know when to run
These are the lyrics to what many consider to be a great song, The Gambler by Kenny Rogers. Despite the obvious poker reference the message in these lyrics contains knowledge that applies to many areas of life. Indeed, knowing when to walk can save you lots of time and aggravation, and in the case of trading it can save you a whole lot of money. Read more
EUR/USD Sep. 2 – Riding Higher in Uptrend Channel
Posted on September 2, 2010
Filed Under EUR/USD Forecast | Leave a Comment
EUR/USD made a sharp move up and settled in a new region, within the uptrend channel. Will it stick to the channel until the Non-Farm Payrolls? Here is a quick update on fundamentals, technicals and community trends.
Forex Daily Outlook – September 2 2010
Posted on September 2, 2010
Filed Under Daily Forex Forecast | Leave a Comment
U.S. Unemployment Claims, U.S. Pending Home Sales and the Euro-zone GDP are at the front of the news. Here is an outlook on all market moving events awaiting us today.
In the US, Unemployment Claims was lower than expected in the previous week with 473K a rise of 3000 to 476K is expected now.
How to Stop Following the Dumb Money in Forex
Posted on September 1, 2010
Filed Under Forex Opinions, Guest Post | 1 Comment
If you want to achieve forex success and profits you need to stop following the dumb money, which represents the majority of traders. You need to follow the patterns of the small percentage of traders who are dominating this market in terms of profits. These traders are cold, calculated killers who have studied the rest of the market (i.e. their prey) well and hard and no how to react when the market behaves in a certain way.
Guest post by Kris Matthews (http://tradeforexfundamentally.com)
My intention of this article is to show you how to stop following the flow of dumb money, which is always on the wrong side of the market, and start recognizing valuable, juicy clues that the market leaves behind, in order to generate consistent profits. Read more
Will Foreign Forex Brokers Get “Gambling” Classification
Posted on September 1, 2010
Filed Under Forex News, Forex Opinions | Leave a Comment
The new CFTC rules consist of 50:1 leverage decision as well as many other regulations for the industry. But there might be one big hidden rule: US clients won’t be able to open accounts with foreign brokers. This can be implemented by assigning the notorious 7995 credit card classification to foreign brokers – preventing American from depositing funds with foreign brokers. Here are the full details.
The CFTC finalized their ruling for forex, with the 50:1 leverage decision taking the headlines. The rules that will be in effect on October 18th, about 6 weeks from now are based on the initial proposals from January, but also on the Dodd-Frank act. And this is already something else: Read more
Aussie Rising With Economy
Posted on September 1, 2010
Filed Under Forex News | Leave a Comment
Australian GDP surprised in Q2 with a strong growth rate of 1.2%, higher than expected. This helped AUD/USD settle above 0.90 and aim for the next resistance level. Update on this high yielding currency.
Australia publishes its Gross Domestic Product quite late, and doesn’t provide preliminary releases. After all the wait, the news were good:
EUR/USD Sep. 1 – Struggling in Range
Posted on September 1, 2010
Filed Under EUR/USD Forecast | Leave a Comment
EUR/USD got into narrow range trading, clinging to the uptrend support but breaking higher. Will the pair pick a direction? Here’s a quick update on technicals, fundamentals and community trends.
Forex Daily Outlook – September 1 2010
Posted on September 1, 2010
Filed Under Daily Forex Forecast | Leave a Comment
U.S. DAP Employment Report, ISM Manufacturing Index and Australian GDP are at the top of our market moving events for today. Here is an outlook on the economic activities awaiting us.
In the US, Automatic Data Processing Employment Report, a measure of jobs lost or added to the private sector of the economy, also serving as a preliminary estimate for the outcome of the monthly non-farm payrolls expecting a slower jobs creation of up to 20 K jobs in August from 42 K in July and Challenger Job cuts fell 57.2% in July totaled 41,676, a similar number is expected now, however the job-cut report must be analyzed with caution. It doesn’t distinguish between layoffs scheduled for the short-term or the long term, or whether job cuts are handled through attrition or actual layoffs.
Forex Leverage Limit 50:1 – Will US Traders Run Away?
Posted on August 31, 2010
Filed Under Forex News | 13 Comments
It took the CFTC a lot of time, but they finally finalized their ruling for forex: leverage will be limited to 50:1 on major currencies, and 20:1 on minors. The pressure against the initial 10:1 proposal worked, but the industry will still change. American traders: Will you stay with your American broker?
In January, the forex industry was shocked with a proposal to limit leverage in forex trading to 10:1. Apart from traders’ comments, an IB coalition was formed to tackle proposed rules against Introducing Brokers, we saw also anger from Congressmen, and of course, forex brokers. This had fruits:
EUR/USD Aug. 31 – Uptrend Channel Lost, Falling To Support
Posted on August 31, 2010
Filed Under EUR/USD Forecast | Leave a Comment
EUR/USD lost ground steadily, fell below the uptrend channel and is approaching an important support. Will it collapse or bounce on this busy day? Here’s a quick update on technicals, fundamentals and community trends.
Popular Forex Posts
Daily FX Headlines- GBPUSD: Consolidation Persists at Fib Support September 2, 2010
- USD Graphic Rewind 09.02 September 2, 2010
- Crude Oil Weighed by Inventories, Gold Stalls as Equity Markets Rally September 2, 2010
- Growth Data Impresses but SNB Likely to Remain on Hold September 2, 2010
- TECH TALK 09.02 September 2, 2010
-
Stay up to date!
-
-
