Archive by Author
Forex Products and Services – Due diligence
Posted on 10. May, 2012 by Jakob.
With new Expert Advisors being released on a daily basis and a huge and hungry market, it is easy for marketers to create a completely useless system, develop a website which makes it look like the EA will make you a millionaire within the end of the week, and sell it for $37.
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Forex Factory – Top 3 Systems
Posted on 10. May, 2012 by Jakob.
In some recent posts I have highlighted the benefits of using Forex Factory as a source for forex trading information – a site which often is neglected due to new promising social forex trading sites entering this space on a regular basis.
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MyFxBook – Browse Your Trades
Posted on 21. Mar, 2012 by Jakob.
MyFxBook came up with a new feature to their site so you can view historical trades from a chart perspective. So far you have only been able to analyse your trades via their analytical features, but now you are able to view them directly on charts as well. This can already be done in the MT4 client terminal, but I think this is a great addition to MyFxBook as it is nice to have everything available from one platform / site, and what better place than MyFxBook?
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Trading Forex – AUD/JPY Coming Close to 90.00
Posted on 20. Mar, 2012 by Jakob.
With a massive bull-run over the last couple of weeks, AUD/JPY is currently trading at the 88.20 mark, quickly getting closer to the 90.00 level. Now for those trend-following traders out there, this will probably look like a very bad idea, but the 90.00 level is clearly a key level in terms of historical support and resistance; I believe this might be a good place to look for a possible short trade, and if nothing else, at least a good level to close your current long positions if need be.
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CashBackForex – $3,000 CashBack Promotion
Posted on 20. Mar, 2012 by Jakob.
CashBackForex just started a brand new promotion for FxPro where you have a chance to win up to $3,000 simply by opening an account with them through CashBackForex and trade 10 lots. I have mentioned CashBackForex several times here on TradeProfits. By opening an account with a broker through CashBackForex, you will be paid commission on every single trade you take – being a member is free of charge. Prizes will be determined in the following manner;
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Trading Forex – 1.3270 Holds for Now
Posted on 19. Mar, 2012 by Jakob.
EUR/USD continued to move higher throughout the day, giving us a daily high of 1.3270 so far. This is a key level when looking both at the 4-Hour chart as well as the daily chart. We have no more news coming up today, and with the recent massive move to the upside, I think this level is very likely to hold as resistance for the rest of the day. We are likely to see a possible re-test of the level and maybe a small break to the upside, but I don´t think we will see any major followthrough for the rest of the day. Hence I think there might be a good reason to look for a possible short trade, followed by a long trade at a re-test of the 10 and 21 EMA.
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Trading Forex – EUR/USD and LTRO
Posted on 29. Feb, 2012 by Jakob.
In recent weeks we have seen a rally on EUR/USD of close to 900 pips in total. The pair currently trades around the 1.3470 level. Usually I would wait for pullbacks and trade in the direction of the trend at a test of the dynamic support in-between the 10 and 21 EMA. Today might be slightly different thought. With today’s upcoming LTRO we could see some very volatile moves in the market, and there could be good reasons to look for possible short trades on EUR/USD
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AvaFx – Increased Rebate and Promotion
Posted on 10. Feb, 2012 by Jakob.
AvaFx, a well-known forex broker is newly licensed by the Australian Securities & Investments Commission (ASIC) and also licensed in the European Union and Japan. AvaFx offers: multiple platforms including: MT4, AvaTrader, Mobile Trading and Mirror Trader; Leverage up to 400:1; there are fast account openings and easy deposit methods.
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GBP/USD Breaking the Neckline
Posted on 10. Feb, 2012 by Jakob.
Cable has been trading in a strong bullish trend almost for a month now. The bullish trend has been trading higher in a fairly tight channel, which was broken yesterday indicating possible downside. In addition to this, the pair crossed the two EMA´s I monitor on the 4-Hour chart, which give us another indication. Another thing to note on the 4-Hour time frame, is the skewed head and shoulder formation, where the neckline just got broken to the downside as well.
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FXCM – Instant Deposits and Tablet Trading
Posted on 09. Feb, 2012 by Jakob.
FXCM improved their credit card funding procedure so for most credit cards, deposits will be instantly available in your FXCM trading account. I am not surprised this is a priority for FXCM and I am sure lots of clients will be pleased, with the ability to instantly fund their account. This is a tendency we see across the board, where brokers do what they can to minimize the hassle of account creation and duration of funding approval.
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zenfx: 90 is clearly a strong level in AUD/JPY, however I...
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Charlie Clemett: We are still not able to connect with our IPhones ...
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Cliff: Just got an unauthorized charge on my MC from Glob...
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Andy: We have also been using PivotFarm now on our chart...
