AvaFx – Increased Rebate and Promotion

AvaFx – Increased Rebate and Promotion

Posted on 10. Feb, 2012 by .

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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

GBP/USD Breaking the Neckline

Posted on 10. Feb, 2012 by .

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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

FXCM – Instant Deposits and Tablet Trading

Posted on 09. Feb, 2012 by .

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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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Plimus Discontinues Forex Related products

Plimus Discontinues Forex Related products

Posted on 09. Feb, 2012 by .

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Plimus along with Clickbank are probably the two largest affiliate networks out there, and they have been merchants for thousands of forex related products and services. As you all know, new forex related products are released on a daily basis; EA´s, trade room services, ebooks, strategies, indicators, videos, etc.

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MyFxBook – Compare Broker Spreads

MyFxBook – Compare Broker Spreads

Posted on 08. Feb, 2012 by .

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MyFxBook now allows you to compare broker spreads, in real time from several different brokers; a really neat feature which you can try right here. The list currently counts 37 different brokers and 53 different currency pairs, and I am sure this will be a real eye-opener for a lot of traders.

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PivotFarm – More PowerZone Levels

PivotFarm – More PowerZone Levels

Posted on 08. Feb, 2012 by .

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The PowerZone levels from PivotFarm is one of my favorite tools, when it comes to trading the forex market. The power zone levels are support and resistance based on confluence and it works perfectly. PivotFarm power zone levels along with a couple of EMA´s is the only thing I use on my charts.

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MyFxBook – Trading Contest

MyFxBook – Trading Contest

Posted on 21. Jan, 2012 by .

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MyFxBook is once again, hosting a forex trading competition, where you can participate completely free of change and win a live funded account. The sponsor for this competition is Vantage FX, and the one who takes the first place will win a live account from Vantage FX with an account balance of $2,500, second place $1,000 and third place $500.

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FXCM – Improved MT4 Technology

FXCM – Improved MT4 Technology

Posted on 21. Jan, 2012 by .

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FXCM, the world’s largest FX broker, have released a new version of MT4 with improved features. You can now trade micro lots (0.01 lots) which is a great addition for clients with a small account balance, as they will be in a better position to use proper risk management. Another feature with the lower lot sizes is the option to close orders partially. The new version of MT4 also allows you to set a Max Deviation when you enter trades; this basically allows you to control slippage on normal market orders, and because of this also enables you to place stop loss and take profit levels at the execution of the order. If you trade the news (spike trading), having this feature is of paramount importance. They have also added additional pairs to the platform, and most interestingly is the removal of the bridge software;

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Trading Forex – EUR/USD Ready for Further Downside

Trading Forex – EUR/USD Ready for Further Downside

Posted on 20. Jan, 2012 by .

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Trading Forex – Market Outlook for January 20th 2012. EUR/USD has been trading higher all week long. It has surged from a low around 1.2620 on Monday to a new high today around the 1.2970 level. This is a move of more than 300 pips to the upside which without a doubt will make a lot of trades question new lows in a near future. There has been a lot of buzz that traders should now start to look for long positions on this particular pair. I think the move up we have seen this week is nothing more than a pullback due to profit taking. Since the end of October 2011, the pair has plummeted by more than 1500 pips so a pullback is only a natural reaction to such a massive move.

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EUR/USD and Non Farm Payroll

EUR/USD and Non Farm Payroll

Posted on 05. Jan, 2012 by .

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Going through the different time zones on a chart can be a really healthy choice every now and then; this is specially true if you have been starring at the 5-minute chart all day long. Yesterday we have had a really good move down on EUR/USD and today we will get the first Non Farm Payroll numbers for 2012 which could cause some volatile moves in the market, so make sure to play it safe.

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