forexRbot

New Russian Forex Broker with MetaTrader 4

admin — Wed, 10 Mar 2010 06:21:30 +0000

IncoNeon is the latest Forex company that was added to EarnForex.com broker listing. It doesn’t yet have any reputation but it’s marketed quite aggressively. There is no regulatory information available about them, but it looks to be a Russian company. They offer $10 minimum account size (it’s a promotional minimum, the usual is $100) with the credit leverage up to 1:200. IncoNeon offers mini/micro-Forex trading and their IN Trader platform (a brand version of MetaTrader 4). But for some odd reason their website domain is registered only until October 2010 — that’s not very serious for the brokerage business. Other features of this broker are:

Forex, CFD and futures are available for trading.
Trading contests with real cash prizes.
WebMoney is accepted as a payment method along with the wire transfer and credit cards.

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Read the rest of New Russian Forex Broker with MetaTrader 4 (17 words)

MetaTrader 4 platform with ECN execution – FXOpen.

Posted on Forex blog.

Do You Use Carry Trade?

admin — Wed, 10 Mar 2010 06:21:28 +0000

Carry trade is a popular trading strategy that is based on buying a high-yielding asset with the low-yielding asset, so that the cost of loan is less than the yield of the asset you’ve bought. In Forex, carry trade is based on buying a currency pair with a high positive interest rate difference (swap) or selling a currency pair with a high negative interest rate difference. The good current examples of the long carry trade pairs are AUD/JPY, ZAR/JPY, HUF/JPY and of the short carry trade pairs — USD/ZAR and USD/HUF. Often such trades yield not only the interest rate difference but also a normal position profit based on the buy/sell price difference; this happens when the market becomes driven by the carry traders. But this strategy is also quite dangerous as the interest rates fluctuate and the currencies with the high yields are usually very unstable. During my more than 4 years long experience as a Forex trader I had a carry trade position open only once and it wasn’t very successful. And how about you?

Note: There is a poll embedded within this post, please visit the site to participate in this post’s poll.
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Read the rest of Do You Use Carry Trade? (18 words)

MetaTrader 4 platform with ECN execution – FXOpen.

Posted on Forex blog.

What Makes Prices Move?

admin — Wed, 10 Mar 2010 06:21:26 +0000

Technical factors? Fundamental factors? We will discuss why markets move and why it is important to understand the factors behind that movement.

Swing Technicals- USD/CHF Approaching Short at 1.0836

admin — Wed, 10 Mar 2010 06:21:22 +0000

CURRENCY	CURRENT BIAS	POTENTIAL STRATEGY
EUR/USD (Medium Term)		Wait until a new pattern emerges.
GBP/USD (Medium Term)		Wait until a new pattern emerges.
USD/JPY (Medium Term)		Wait until a new pattern emerges.
USD/CHF (Medium Term)		Sell USD/CHF at 1.0836. Stop at 1.0871. Profit target at 1.0783.
USD/CAD (Medium Term)		Wait until a new pattern emerges.
AUD/USD (Medium Term)		Wait until a new pattern emerges.
NZD/USD (Medium Term)		Sell NZD/USD at 0.7141. stop at 0.7205. Profit target at 0.7045.

Further USD/CHF Losses Ahead?

admin — Wed, 10 Mar 2010 06:21:15 +0000

A potential USD/CHF selling opportunity may present itself this week based on an emerging

Intraday Technicals: EUR/USD Bearish Below 1.3570

admin — Wed, 10 Mar 2010 06:21:11 +0000

CURRENCY	CURRENT BIAS	POTENTIAL STRATEGY
EUR/USD (Short Term)		key support near 1.35 (bullish gartley completion)
GBP/USD (Short Term)		testing 61.8% suport near 1.4940. room up to 1.5034, 1.5096.
USD/JPY (Short Term)		Waiting for new pattern to emerge
USD/CHF (Short Term)		Watching for key resistance near 1.0840 (bearish gartley & trendline resistance).
USD/CAD (Short Term)		Waiting for pattern to emerge
AUD/USD (Short Term)		Waiting for new pattern to emerge
NZD/USD (Short Term)		Waiting for new pattern to emerge

Warning Signs- Long Bars Review

admin — Wed, 10 Mar 2010 06:21:03 +0000

In accordance with your feedback, we will review why we should look for long bars and how we recognize them.

Swing Technicals- USD/CHF Short at 1.0836.

admin — Wed, 10 Mar 2010 06:20:59 +0000

CURRENCY	CURRENT BIAS	POTENTIAL STRATEGY
EUR/USD (Medium Term)		Wait until a new pattern emerges.
GBP/USD (Medium Term)		Wait until a new pattern emerges.
USD/JPY (Medium Term)		Wait until a new pattern emerges.
USD/CHF (Medium Term)		Sell USD/CHF at 1.0836. Stop at 1.0871. Profit target at 1.0783.
USD/CAD (Medium Term)		Wait until a new pattern emerges.
AUD/USD (Medium Term)		Wait until a new pattern emerges.
NZD/USD (Medium Term)		Sell NZD/USD at 0.7141. stop at 0.7205. Profit target at 0.7045.

Will 1.05 Keep Charging CAD/CHF At Bay?

admin — Wed, 10 Mar 2010 06:20:52 +0000

This short setup includes a 127.2% ABCD extension pattern projected to complete at 61.8% of XA….

Intraday Technicals: Awaiting New Pattern Development

admin — Wed, 10 Mar 2010 06:20:49 +0000

CURRENCY	CURRENT BIAS	POTENTIAL STRATEGY
EUR/USD (Short Term)		Waiting for new pattern to emerge
GBP/USD (Short Term)		trendline now broken. Waiting for new pattern to emerge
USD/JPY (Short Term)		Waiting for new pattern to emerge
USD/CHF (Short Term)		Waiting for new pattern to emerge
USD/CAD (Short Term)		Waiting for pattern to emerge
AUD/USD (Short Term)		Waiting for new pattern to emerge
NZD/USD (Short Term)		Waiting for new pattern to emerge