Forex Blog http://www.earnforex.com/blog My Forex experience and some Forex related information that might be useful to other traders Thu, 26 Jan 2012 17:34:33 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 EarnForexBloghttp://feedburner.google.comSubscribe with My Yahoo!Subscribe with NewsGatorSubscribe with My AOLSubscribe with BloglinesSubscribe with NetvibesSubscribe with GoogleSubscribe with Pageflakes EUR/USD Rallies to New Record This Month http://www.earnforex.com/blog/2012/01/eurusd-rallies-to-new-record-this-month/ http://www.earnforex.com/blog/2012/01/eurusd-rallies-to-new-record-this-month/#comments Thu, 26 Jan 2012 17:34:33 +0000 ForexBlogger http://www.earnforex.com/blog/?p=8553 EUR/USD was at the highest since December 21 as yesterday’s pledge of the Federal Reserve to keep interest rates low at a prolonged time continued to push the dollar lower. Macroeconomic reports weren’t helping the US currency as housing and jobs data was negative, while leading indicators rose less than expected.

Initial jobless …

]]> http://www.earnforex.com/blog/2012/01/eurusd-rallies-to-new-record-this-month/feed/ 0 EUR/USD at Monthly High as FOMC Pledges Keep Low Rates till Late 2014 http://www.earnforex.com/blog/2012/01/eurusd-at-monthly-high-as-fomc-pledges-keep-low-rates-till-late-2014/ http://www.earnforex.com/blog/2012/01/eurusd-at-monthly-high-as-fomc-pledges-keep-low-rates-till-late-2014/#comments Wed, 25 Jan 2012 22:12:24 +0000 ForexBlogger http://www.earnforex.com/blog/?p=8544 EUR/USD started today’s trading session flat and even began to head down, but rallied after a report showed declining pending home sales. The currency pair was further boosted after the Federal Reserve extended the target for exceptionally low interest rates from mid-2013 to late 2014.

Pending home …

]]> http://www.earnforex.com/blog/2012/01/eurusd-at-monthly-high-as-fomc-pledges-keep-low-rates-till-late-2014/feed/ 0 Hi-End Dubai-Based Forex VPS http://www.earnforex.com/blog/2012/01/hi-end-dubai-based-forex-vps/ http://www.earnforex.com/blog/2012/01/hi-end-dubai-based-forex-vps/#comments Wed, 25 Jan 2012 11:54:18 +0000 admin http://www.earnforex.com/blog/?p=8539 BW Hosting is a Dubai (UAE) based IT company that, among other services, offers a high quality but very expensive VPS hosting specifically for Forex traders. They pre-install the MetaTrader platform (both MT4 and MT5 versions) and offer a great support in installing any additional components or the platforms of the particular …

]]> http://www.earnforex.com/blog/2012/01/hi-end-dubai-based-forex-vps/feed/ 0 EUR/USD Down on Greek Discussion Stalemate http://www.earnforex.com/blog/2012/01/eurusd-down-on-greek-discussion-stalemate/ http://www.earnforex.com/blog/2012/01/eurusd-down-on-greek-discussion-stalemate/#comments Tue, 24 Jan 2012 15:53:12 +0000 ForexBlogger http://www.earnforex.com/blog/?p=8529 EUR/USD was down today as talks about reducing Greek debt ended in a stalemate. Private creditors demand 4 percent interest rates, while Greece asked for less than 3 percent. The negative outcome of the discussion may result in a new wave of risk aversion on the Forex market. US data again was …

]]> http://www.earnforex.com/blog/2012/01/eurusd-down-on-greek-discussion-stalemate/feed/ 0 The 5 Steps to Becoming a Trader E-Book http://www.earnforex.com/blog/2012/01/the-5-steps-to-becoming-a-trader-e-book/ http://www.earnforex.com/blog/2012/01/the-5-steps-to-becoming-a-trader-e-book/#comments Mon, 23 Jan 2012 12:35:11 +0000 admin http://www.earnforex.com/blog/?p=8525 As of today, the latest free e-book that was added to EarnForex.com is “The 5 Steps to Becoming a Trader” by an unknown author. This extremely short (only 5 pages!) PDF e-book lists and describes the 5 steps of becoming a Forex trader. The steps are the fundamental psychological levels that are passed during the learning …

]]> http://www.earnforex.com/blog/2012/01/the-5-steps-to-becoming-a-trader-e-book/feed/ 0 USD/JPY Horizontal Channel on Daily Chart http://www.earnforex.com/blog/2012/01/usdjpy-horizontal-channel-on-daily-chart/ http://www.earnforex.com/blog/2012/01/usdjpy-horizontal-channel-on-daily-chart/#comments Sun, 22 Jan 2012 12:16:25 +0000 admin http://www.earnforex.com/blog/?p=8520 A channel pattern has formed on the daily chart of the USD/JPY currency pair. While it’s not exactly horizontal, it can be traded as such without a problem because the slope is almost unnoticeable. The price has touched both top and bottom borders of the channel 3 times.

I set my entry stop orders …

]]> http://www.earnforex.com/blog/2012/01/usdjpy-horizontal-channel-on-daily-chart/feed/ 0 Forex Technical Analysis for Week 01/23—01/27 http://www.earnforex.com/blog/2012/01/forex-technical-analysis-for-week-0123-0127/ http://www.earnforex.com/blog/2012/01/forex-technical-analysis-for-week-0123-0127/#comments Sat, 21 Jan 2012 12:52:19 +0000 ForexBlogger http://www.earnforex.com/blog/?p=8514 Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2360 1.2495 1.2714 1.2849 1.3068 1.3203 1.3422 GBP/USD 1.5080 1.5179 1.5377 1.5476 1.5674 1.5773 1.5971 USD/JPY 75.78 76.16 76.56 76.94 77.34 77.72…]]> http://www.earnforex.com/blog/2012/01/forex-technical-analysis-for-week-0123-0127/feed/ 0 EUR/USD Higher on European Debt Auctions http://www.earnforex.com/blog/2012/01/eurusd-higher-on-european-debt-auctions/ http://www.earnforex.com/blog/2012/01/eurusd-higher-on-european-debt-auctions/#comments Thu, 19 Jan 2012 19:47:14 +0000 ForexBlogger http://www.earnforex.com/blog/?p=8500 EUR/USD reached today the highest price since January 4 as Spain sold more government bonds than its maximum target at today’s auction, while French borrowing costs fell. It was a bit disappointing day for the United States as reports showed that economic growth and housing sector stalled. On the other …

]]> http://www.earnforex.com/blog/2012/01/eurusd-higher-on-european-debt-auctions/feed/ 0 EUR/USD Rises as IMF Seeks Increase of Lending Capability http://www.earnforex.com/blog/2012/01/eurusd-rises-as-imf-seeks-increase-of-lending-capability/ http://www.earnforex.com/blog/2012/01/eurusd-rises-as-imf-seeks-increase-of-lending-capability/#comments Wed, 18 Jan 2012 15:33:03 +0000 ForexBlogger http://www.earnforex.com/blog/?p=8483 EUR/USD advanced today for the third session as the International Monetary Fund wants to boost its lending resources by $500 billion to safeguard from the global economy from the European crisis. Greek Prime Minister Lucas Papademos will talk with private bondholders to convince them forgive Greece at least half of its …

]]> http://www.earnforex.com/blog/2012/01/eurusd-rises-as-imf-seeks-increase-of-lending-capability/feed/ 0 Biggest One-Time Forex Loss http://www.earnforex.com/blog/2012/01/biggest-one-time-forex-loss/ http://www.earnforex.com/blog/2012/01/biggest-one-time-forex-loss/#comments Mon, 16 Jan 2012 18:51:48 +0000 admin http://www.earnforex.com/blog/?p=8477 Taking losses in an imminent part of Forex trading process. Some traders seek the no-loss strategies (including omitting the stop-loss), but such attempts are rarely successful. On the other hand, any loss can be a serious hit in the emotional state of a currency trader, while some losses may also be …

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