RECOMMENDED FOREX BROKERS :: February 2010
| Rank | Broker | REVIEWS | Bonus | Min. Deposit | Demo | Visit Broker |
|---|---|---|---|---|---|---|
| 1 | AvaFx | review | $1200 | $100 | yes | visit |
| 2 | FXCM | review | - | $25 | yes | visit |
| 3 | ForexYard | review | 100% upto $300 | $100 | yes | visit |
| 4 | ForexPlace | review | $500 | $500 | yes | visit |
| 5 | eToro | review | $1000 | $50 | yes | visit |
| 6 | InstaForex | review | $30 non deposit | $1 | yes | visit |
| 7 | Finexo | review | 10% up to $500 | $25 | yes | visit |
| 8 | 10PIPS | review | $20 non deposit | $100 | yes | visit |
| 9 | ForexWebTrader | review | up to $500 | $25 | yes | visit |
| 10 | BTrader | review | $50 | $25 | yes | visit |
TECHNICAL and FUNDAMENTAL ANALYSIS
| Monday, 08 February 2010 | ForexYardThe dollar climbed to an eight month high versus the EUR on Friday after the release of the U.S. jobs report. Credit concerns in Europe are weighing on the market as traders have moved out of riskier currencies and into the safety of the dollar and yen.
Summary
USD - Unemployment... Full Analysis |
- USD/CHF
- USD/JPY
- GBP/USD
- EUR/USD
The hourly chart is showing mixed signals with its RSI fluctuating at the neutral territory. However, the 4-hour Chart's RSI is already floating in the oversold territory indicating that a bullish correction might take place in the nearest future. Going long might be a wise choice.
The USD/CHF cross has been experiencing much bullish behavior in the past 3 weeks. However, there is much technical data that supports a bearish move for today. The RSI of the daily and 4-hour charts indicates that the pair floats in the overbought territory, leading to the conclusion that a downward correction is imminent. Going short with tight stops may turn out to pay off today.
The price of this pair appears to be floating in the over-sold territory on the daily chart's RSI indicating an upward correction may be imminent. The upward direction on the 4-hour chart's Momentum oscillator also supports this notion. When the upward breach occurs, going long with tight stops appears to be preferable strategy.
The EUR/USD cross has experienced a bearish trend for the past 3 weeks. However, it seems that this trend may be coming to an end. The RSI of the daily chart shows the pair floating in the over-sold territory, indicating that an upward correction will happen anytime soon. Going long with tight stops might be a wise choice.
FOREX EDUCATION - Learn To Trade!
| Bollinger Bands IndicatorsForex Vote
Bollinger Bands are very popular technical indicators among forex traders. The man responsible for the idea is John Bollinger – he created this technical trading... * Full Tutorial |
MACD IndicatorForex VoteThere are 3 essential parameters that make MACD chart work:
number of periods that shows faster moving average.
number of periods that shows slower moving average.
number of bars that shows... * Full Tutorial |
| Parabolic SAR IndicatorForex VoteParabolic SAR was developed by J Welles Wilder in 1976 and is a useful trend indicator in technical analysis. While most of indicators show us the beginning of a new trend, parabolic SAR points to... * Full Tutorial |
Stochastics IndicatorForex Vote
Stochastics indicator was developed in late 1950s by George Lane. It is designed to hint us when the trend might end.
If you take a look at Stochastics it will somewhat remind you of MACD.... * Full Tutorial |
FOREX TRADING ARTICLES
| 7 Steps to Choose Best Trading PlatformWith the rapidly growing amount of online forex brokers, the variety of trading platforms is truly... + Full Article |
Forex Risks - Not What You Expected!Forex trading is considered a risky investment; therefore many are hesitant to even try. Is it the... + Full Article |
| How to Start Forex TradingYou have read enough material on what forex is, have a full grasp of fundamental and technical... + Full Article |
Forex Trading – Scalping, Swing or Position?Forex trading brings together a crowd of completely different people – diverse professional... + Full Article |
Our Top Pick Broker
WHAT'S NEW?
-
Forex Trading Competition in February 2010
2010-02-01 08:24:44 -
New International Traders’ Forum
2010-02-01 08:18:35 -
Get $1,000 for Each Deposit
2010-02-01 08:06:35 -
Technical, Fundamental, Fractal, Wave Daily Analysis
2010-02-01 07:46:39 -
Trade without Risk or Deposit!
2010-02-01 07:35:58
Best Forex Bonuses
InstaForex broker offers non-deposit bonus.
100% upto $300!Double your deposit with this great offer.
Bonus upto $1,000Great bonuses from eToro broker.
10PIPS is another broker with non-deposit bonus!
