Archive for 'Random Noise'
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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4xTrader – Check Your Broker
Posted on 06. May, 2012 by Moderator.
Yesterday I mentioned you how can use Forex Factory to help you in the search for the right broker. Once you have signed up with a broker you want to make sure they play by the rules – Needless to say a lot of them don’t. However, realizing if you have an honest broker or not, is not the easiest thing in the world, and more often than not, you won’t know before it’s too late.
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Forex Factory – Get an EA Developed
Posted on 06. May, 2012 by Moderator.
Yesterday I mentioned one of the new features over at Forex Factory, namely the brokers section where you can compare different brokers and see real-time spread from various brokers at the same time. This is just one of the many great features over at Forex Factory. It is easy to pay more attention to new social sites related to forex trading as such sites are created almost on a weekly basis and they get more attention than the old ones. However, with the massive amount of users and content on the site, visitors can really benefit from Forex Factory and often a lot more than one of the new sites.
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LegacyForex – Woth a look
Posted on 06. May, 2012 by Moderator.
The other day I stumbled upon Legacy Forex, a forex signal service which is receiving fairly good reviews around on the net. What is interesting about LegacyForex is that they verified historical performance shared via MyFxBook – This is a rarity as these services more often than not, cannot live-up their own promises.
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Forex Factory – Broker Information
Posted on 04. May, 2012 by Moderator.
Forex Factory is one of the most visited sites by forex traders on the net and there is a good reason. They were the first one to create a calendar with details of upcoming fundamental news releases, and post this free of charge for everyone. In addition to this, Forex Factory has a very active forum with lots of information. These two aspects alone, makes forex factory a great website.
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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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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















