Blogging About Forex for 3 Years

Today is the 3rd anniversary of the EarnForex blog. 3 years ago I’ve made my first post (which was less than anything meaningful) to this blog. Many posts have been made since then and I hope that the quality of the content has also improved since 2006. The process of blogging about something as commercial as Forex is far from trivial. Keeping the reader’s interest is one thing, but being useful t

Unique Forex Broker — Trade Without Deposit

SwissDealing is a new Forex broker with a unique business model that offers the no-deposit account with a free $100 to trade with. In fact, currently, you can’t deposit anything to your account even if you want to, unless your balance is negative. You are given $100 initial balance, which you can use to trade with 1:100 leverage and any single trade volume (down to 1 currency unit). If you run int

EUR/USD Falls on Bad EU Statistics

EUR/USD declined today on the mainly negative fundamental data that came out from the Eurozone today, while the positive U.S. statistics didn’t help the euro Forex bulls much. The currency pair is now trading near 1.3942.

S&P/Case-Shiller seasonally adjusted home price index for the 20 U.S. states was reported with a year-to-year change of -18.69% in March, following -18.66% change in February. I

Trend Histogram Indicator for MetaTrader

Another nice indicator that is capable of detecting the trend changes and showing the current trend’s strength and direction was added to the list of MT4 indicators on my site. It’s a histogram indicator, meaning that it doesn’t trash your chart but rather displays itself in a separate window below the main chart window. Histogram uses lines to mark each bar of the chart directly below that bar. T

Truth About Fibonacci Trading

The Truth About Fibonacci Trading by Bill Poulos is a new addition to my collection of the Forex trading books. It’s a rather short e-book starting off with explaining the basics of the Fibonacci numbers and retracement levels and finishing with the real chart examples of both the Fibonacci retracement and extension levels. It helps you understand how to apply the Fibonaacci levels in your trading

4XP (Forex Place) — My Newest Forex Broker

4XP (or Forex Place) is the latest addition to the list of the Forex brokers on my site. It’s the MetaTrader 4 Forex broker registered in British Virgin Islands and only recently went on-line with its services. 4XP’s highlights:

Moneybookers, Neteller and EcoCard for deposits and withdrawals

3 pips spread for EUR/USD

Traders’ courses

Muslim-friendly accounts

CFD trading

1:300 leverage

$100 minimu

Tamley Global Markets — Forex Broker with Advanced Custom Trading Platform

Tamley Global Markets — Forex Broker with Advanced Custom Trading Platform

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Tamley Global Markets is a Forex broker that was added to my site today. It’s an Irish broker with the custom advanced trading platform that is capable of running several types of expert advisors and can easily automate your trading systems. It went on-line in 2007 and is regulated by Financial Services Authority of United Kingdom. TGM’s highlights:

Advanced trading platform

Extensive expert advi

Plus500 — New Forex Broker with Bonuses

I added a new Forex broker’s description to the site today — Plus500 — a rather new on-line broker, which is currently offering big bonus incentives for the real account traders. It offers $20 as free bonus (can’t be withdrawn until certain amount of lots is traded) on an account opening and also up to 30% on your first deposit (upon trading a certain amount of lots). Other Plus500’s highlights:

EUR/USD Drops Extraordinarily Fast, Fundamental News Don’t Change Anything

EUR/USD fell very deep today, mostly before any fundamental news from the U.S. were released, as the pessimism on the global stock markets mirrored itself onto the Forex market. The currency pair is now trading near 1.3311.

Personal income fell by 0.2% in February in U.S., following 0.2% growth in January (revised down from 0.4%) and coming out slightly worst than the forecasted 0.1% drop. Person

CFD, Indices, Equities and Forex Trading Broker

Aurora Global Markets is a new Forex broker company that was added to the list on my site today. It’s on-line since 2009 and offers brokerage services on almost every kind of financial market — starting from Forex and ending with the equities. They have their own custom browser-based platform, which supports charts and other useful trader’s tools. Other highlights of Aurora Global Markets include:

EUR/USD Posts Small Change for 3rd Day

EUR/USD rose slightly today, but again, just insignificantly, hovering slightly below the major resistance line. The lack of significant movement in the dollar-against-euro pair was accompanied by the increase of the initial jobless claims in the past week. EUR/USD is now trading near 1.4222.

Initial jobless claims were at 554k last week — that’s a 30k increase compared to the previous week’s 524

Free Professional Forex Course from eToro

From now on every trader that opens a demo or real account with the eToro Forex platform will receive the first lesson from a professional Forex training course for free. To get the rest of the lessons of this course, trader just need to contact eToro via one of the available methods to get the information on how to obtain this course for free. I’ve browsed through the first lesson of the course a

Money Management and Risk Management

A new trading e-book has been uploaded to my site today. It’s Money Management and Risk Management by Ryan Jones. As the title of this book goes, it’s about money management — one of the most important parts of Forex trading (and not only Forex, but any other financial trading that involves risk and probability). The author wisely divides the money management into two kinds — the proper and improp

EUR/USD Slumps on Worsening Consumer Confidence

EUR/USD is currently posting a biggest daily drop since July 10th as the consumer confidence report for July along with the housing data for May cut the traders’ hopes for the fast economical recovery and boosted the attractiveness of the U.S. dollar in the Forex market. EUR/USD is now trading near 1.4173.

S&P/Case-Shiller Home Price index for 20 U.S. states was at a seasonally adjusted level of

Euro in Correction for 2nd Day on Poor Fundamentals

Two of the three major fundamental indicators of the U.S. economy showed a worse than expected results today in the respective reports, causing EUR/USD to continue its rather slow and uncertain correction on the Forex market. It fell for a second day today, going below the yesterday’s lows. Currently, it’s trading near 1.4369.

ADP employment change report showed 371k job losses in July, which is

Windows VPS Hosting at $29.99/Month — Zuit

Zuit is another Windows-based VPS hosting company that was added to my site today. It specializes itself in MetaTrader VPS hosting and offers MT4 as a free pre-installed service for all its customers. They don’t offer a real trial periods but have a 30-day moneyback guarantee, which is a kind of a trial offer. As always with the VPS hosting a 99% up-time is claimed. Other highlights of Zuit hostin

Small Correction in EUR/USD on Low Personal Income

EUR/USD pair showed a technical small correction after three days of growth (two of which were extremely strong). The euro reacted to the decrease of the personal income in United States. After reaching its highest level since mid-December, EUR/USD is now trading near 1.4388.

Personal income decreased by 1.3% in U.S. in June after the same gain in May. The forecasts showed -1.0% change for the re

Spot and Options Forex Trading with IS Markets

IS Markets (IntelliSource Markets) is a new Forex broker, which description was added to my site today. It’s based in Netherlands but is also registered in Nevis. It’s a MetaTrader broker that offers variable spreads on EUR/USD (that are still quite high, nevertheless — 2–3 pips on EUR/USD currency pair). More features of IS Markets include:

On-line since 2009

CFD and Forex options trading availa

What to Look for When Choosing a Forex Broker?

As far as I’ve noticed, different people look for different things when they search for a Forex broker. Personally I like low minimum trading volume (I don’t have a big trading balance and I like to manage risks precisely), easy and fast deposit/withdrawal options and a friendly, helpful customer service. Such combination usually makes a good broker for me. But from my own experience the vast majo

EUR/USD Determined to Go Up as U.S. Data Surprise Positively

Euro came up against the U.S. dollar unexpectedly today as the key fundamental indicators of the world’s biggest economy showed a positive signal for the euro bulls and dollar bears. It looks like we are heading for another week of global stock positive, which will lead to a continued uprise of such currencies as the euro. EUR/USD is currently trading near 1.4362.

ISM manufacturing index rose fro

Point and Figure Patterns E-Book

The latest trading e-book that was uploaded to the site today is Core Point and Figure Chart Patterns, which lists some interesting patterns that can be analysed on the point-and-figure charts. Point-and-figure charting is a special way to represent the market data, where the chart bars don’t depend on time but are the function of the price fluctuations. This e-book doesn’t explain much about plot

EUR/USD Drops on Payrolls Data

The euro dropped against the dollar on the positive (compared to the expectations) nonfarm payrolls data today. It’s quite strange for EUR/USD to react to positive fundamental releases with a decline, but dollar is looking more attractive to the traders right now. EUR/USD is currently trading near 1.4317.

Nonfarm payrolls declined by 247k in July, following 443k drop reported for July (revised po

USD/CHF Chart Pattern on Weekly Timeframe

A rather awkward version of a descending triangle pattern has formed on the USD/CHF weekly chart. It begins with a huge fall in October 2008 (when the global financial crisis began) and is currently coming close to its end with the range of a price change narrowing down from above. This is probably a continuation pattern that will result in a bearish breakout. Click on the image to get a larger pi