Market Updates
More signs of Chinese economy cooling down
After posting years of growth at breakneck speed, the Chinese economy is continuing to show signs of its economy cooling down. Latest quarterly GDP figures came out 7.4% inline with expectations and down from the previous quarter’s 7.7% growth. China had recently embarked on a mini stimulus program after manufacturing data showed signs of shrinking […]
Markets react to hawkish Fed. QE tapered by a further $10bn
Janet Yellen’s first FOMC meeting saw the Fed taper by an extra $10bn while promising to keep interest rates unchanged until 2015 following a two day conclusion to the meeting. Equity markets shed gains as the Dow Jones average dropped -0.7% and the S&P500 and the Nasdaq dropped by -0.61% and -.059% respectively. The Fed […]
China triggers global risk aversion
Disappointing data from China weighed in on global investor sentiment trigerring a sell-off in the equity markets as investor sought safe haven assets. Weak fundamental data from China included the yearly industrial production data which fell below expectations, coming in at 8.6%, lower than the previous 9.7%. Despite a modest increase in the US retail […]
Forex Broker News
Plus500 Files Intention for IPO to raise $50m
CFD, ETF and Forex Broker Plus500 announced yesterday its intentions to float an IPO on the London’s AIM (Alternative Investment Market) in a bid to raise $50 million at a company value of $225. The firm has nominated UK’s Investment bank, Liberum Capital Ltd. as its advisor and broker for the public offering. Plus500, which […]
Markets.com discloses capital allocation
With fear and confusion ruling the forex markets, especially with brokers registered in Cyprus, Markets.com forex broker announced the release of their audit information from KPMG, Cyprus in order to instill confidence with trading clients. According to the disclosure, it is learnt that Markets.com holds 98% of its funds in A1 (Moody’s rating) banks across […]
GCI Trading Announces new bonuses and features
GCI Trading, an online forex broker offering CFD, Forex, Commodities and Futures trading announced exciting new changes for traders. Earn Interest on all Forex accounts at GCI Trading Traders at GCI Trading can now earn interest on their unused balance. Below are the details of the interests traders can earn. On USD denominated accounts, traders […]
Trading Indicators
What is the Standard Deviation Channel
Standard deviation channel is also alternatively referred to as the Linear Regression channel. In the course of this article, we will use both the words as they mean the same. As the name implies, the Standard deviation is a channel with an upper and lower range which are placed ‘x’ standard deviations away. The Standard […]
Understanding Money Flow Index
The Money Flow Index, or MFI for short is a momentum based oscillator that was created Gene Quong and Avrum Soudack. The purpose of MFI was to measure the strength of institutional money flowing in and out of the security/instrument. It is quite similar to the RSI (Relative Strength Index) but differs in the fact […]
Using the Envelopes Trading Indicator
The envelopes trading indicator is a unique indicator. Unlike most indicators that tend to follow the trend (such as moving averages), the envelopes indicator follows the concept of reversion to the mean. The reversion to the mean concept states that when price tends to move far away, they always revisit their average price. As such, […]
Trading Articles
EURZND – Silently slipping away
As the Euro kept creeping up higher against the greenback and the bullish trend of the British Sterling supported by what seems to be a text economic recovery, most trading circles obviously kept their focus on the majors such as the EURUSD, GBPUSD and not to forget some of the Yen crosses. While the British […]
Do traders and gamblers meet in Forex?
There are a lot of people out there that consider retail Forex trading as a casino packaged up as financial trading and those people more often than not are gamblers. For the typical gambler it is perfect, they can control their risk and project the image of being a trader, which has much less of a […]
How Japanese Candlestick’s Express Sentiment
We might look at them every single day and dream of them but do you actually know the history of the candlesticks used on charts, otherwise known as Japanese candlesticks. Believed to have been born as the idea of Munehisa Homma in the 1700s, Japanese candlesticks first appeared in Japan. Munehisa was a Japanese rice […]
Trading Tutorials
How to use RSI to determine trends
Determining trends is one of the basic blocks of technical trading. As the saying goes, the trend is your friend. Trading without knowing what the prevailing trend is can prove to be disastrous. A simple way to define a trend is one where price makes higher lows and higher highs in an uptrend and when […]
Trading the Head and Shoulders Price pattern
Price patterns is the field of studying some recurring patterns that happen on the price chart, across different markets. Studying price patterns and especially getting familiar with some of the many patterns can build a profitable trading strategy. Most beginners to forex usually tend to find themselves lost in tons of trading indicators, trading systems […]
Forex Vs. Stocks & CFDs
One of the most common questions that newbie and aspiring traders ask is ‘what is the best market to trade’ or ‘which instrument is best to trade’. The honest answer to that is which ever one suits your trading style best and will make you the most money as a result. Some of the advantages […]
Latest Promotions
TopOption – Special Holiday Promotion 2013
For a limited period of time, TopOption.com is offering all new customers a whopping 100% bonus on their first deposit along with a special holiday training pack. The special training pack includes: Free one-on-one training with a market expert Packed video library, full of training tutorials Exclusive collection of Binary options trading eBook Terms and […]
Weltrade – Traders Contest, Christmas Dream
Weltrade announces the launch of its latest monthly forex demo contest with a chance to win $10,000 in total prizes. The demo contest, titled Christmas Dream is free for traders to register in the competition. The prize pool of $10,000 is divided among the top 50 traders, with the first prize being $1000, $700 and […]
SunbirdFx launches Pairbreaker Promotion
Online Forex broker, SunbirdFx today announced the launch of its newest promotion, PairBreaker. The PairBreaker is a trading tool that scans through various currencies and currency pairs and highlights the strongest and weakest of the lot. This helps traders to pick the most probable currency pairs. Retailing at $599, PairBreaker trading tool is offered Free […]
