.
NEW YORK
16:01
LONDON
21:01
PARIS
22:01
FRANKFURT
22:01
HONG KONG
03:01
TOKYO
05:01
SYDNEY
06:01
  • Trade Now
Forex Daily News | Forex Articles | Forex Information
Tuesday, 28 September 2010 09:10

UFXBank Forex Outlook: Calm Before the Storm?

USD Dollar (USD) – The Dollar traded with a narrow range and closed almost unchanged against most major currencies in Forex trading because of speculation that the Federal Reserve will take more steps to ease monetary policy, damping demand for U.S. assets. The NASDAQ and Dow Jones weakened by 0.48% and 0.44% respectively, while crude oil remained unchanged, closing at $76.50 a barrel. Gold (XAU) continued to rise, strengthening by 0.1%, and closing at $1298.60 an ounce. Today, CB Consumer Confidence is expected at 52.5 vs. 53.5 prior.

EURO (EUR) – The Euro weakened a bit from a five month high against the Dollar as renewed signs of debt problems at European banks and countries such as Ireland and Portugal reduced demand for assets in the European zone. The momentum of the EUR/USD is still strongly bullish for the euro, and as long as it’s above 1.3350 levels a long position is preferred. The next resistance line on the daily chart is at 1.3700, and the RSI indicator supports an uptrend as well. Overall, EUR/USD traded with a low of 1.3425 and with a high of 1.3506. Today, German Prelim CPI is expected to weak from 0.0% to -0.2%.

EUR/USD – Last: 1.3459

Resistance

1.3500

Support

1.3425

1.3285

1.3100

British Pound (GBP) – The Pound also stayed almost unchanged against the dollar after a quiet day of news and data from these countries. The main resistance of the GBP/USD on the daily chart is 1.6000, and the momentum is bullish as long as the price is above 1.5750. Overall, GBP/USD traded with a low of 1.5787 and with a high of 1.5867.  Today, Current Account is expected to remain at -9.60B, and Final GDP is expected to stay at 1.2%.

GBP/USD - Last: 1.5825

Resistance

1.5867

Support

1.5785

1.5600

1.5500

Japanese Yen (JPY) –The Yen traded with a very small range versus the Dollar after there was no important news that influenced this pair. The USD/JPY has been fluctuating around 84.50 over the last four days. The support on the one hour chart is at 84.20, and if the pair breaks below the support line, the trend will continue to decline. Overall, USD/JPY traded with a low of 84.11 and with a high of 84.37. No economic data is expected today.

USD/JPY-Last: 84.24

Resistance

84.40

84.70

85.40

Support

84.10

Canadian Dollar (CAD) – The Canadian Dollar fell from a near six week high versus the Dollar, as U.S. stocks and crude oil declined and investors speculated that the Bank of Canada Governor Mark Carney may be unwilling to raise interest rates further. The momentum of the USD/CAD is still negative for the US Dollar, and as long the USD/CAD is below 1.0400 levels, a short position is preferred. The next support on the daily chart is located at 1.0200. Overall, USD/CAD traded with a low of 1.0223 and with a high of 1.0305. No economic data is expected today.

USD/CAD - Last: 1.0291

Resistance

1.0345

1.0380

Support

1.0225

1.0190

Published in Forex Articles
Monday, 27 September 2010 09:40

UFXBank Forex Outlook:Euro Hits 5-month High

USD Dollar (USD) – The Dollar fell against all major currencies after Federal Reserve Chairman Ben S. Bernanke said that damage from the financial crisis has left the U.S. economy growing at a slower pace than policy makers want, even though the central bank’s more than $1 trillion in bond purchases have reduced interest rates.  The NASDAQ and Dow Jones strengthened by 2.33% and 1.86% respectively, crude oil jumped by 2.0%, closing at $76.50 a barrel. Gold (XAU) rose to a new record during the session (above $1300), and in the end, strengthened by 0.1% to close at $1298 an ounce. No economic data is expected today.

EURO (EUR) – The Euro touched a five month high against the Dollar last Friday, as German business confidence unexpectedly rose to the highest level in more than three years in September (106.8 vs. 106.3 forecast). In addition to this, Bernanke’s declarations increased investor appetite for higher yielding assets. The momentum of the EUR/USD is still strongly bullish for the euro, and as long as it’s above 1.3350 levels, a long position is preferred. The next resistance line on the daily chart is 1.3700, and the 10 moving average also supports an uptrend. Overall, EUR/USD traded with a low of 1.3286 and with a high of 1.3495. Today, ECB President Trichet will speak.

EUR/USD – Last: 1.3462

Resistance

1.3500

Support

1.3440

1.3285

1.3160

British Pound (GBP) – The Pound rallied against the Dollar in Forex Trading, closing the week at a 6 week high, as concerns over the Bank of England's economic outlook were overshadowed by Friday's soft U.S. economic data. The main resistance of the GBP/USD on the daily chart is 1.6000 and the momentum is bullish as long as the price is above 1.5750. Overall, GBP/USD traded with a low of 1.5641 and with a high of 1.5844.  No economic data is expected today.

GBP/USD - Last: 1.5819

Resistance

1.5845

Support

1.5730

1.5600

1.5500

Japanese Yen (JPY) –The Yen strengthened against the Dollar after worse than expected data from US was released on Friday. Among the data were New Home Sales which came out at 288K vs. 292K forecast, Durable Goods Orders that came out at -1.3% vs. -0.9% forecast, and Bernanke’s statements regarding the economy, all of which drove investors towards the yen instead of the dollar. The USD/JPY has been fluctuating around 84.50 over the last three days, and support on the one hour chart is at 84.20. If the pair moves below the support line, the trend will continue to decline. Overall, USD/JPY traded with a low of 84.11 and with a high of 85.39. No economic data is expected today.

USD/JPY-Last: 84.24

Resistance

84.70

85.25

86.00

Support

84.10

Canadian dollar (CAD) – The Canadian Dollar gained for the first time in three days versus the Dollar as reports showing higher than forecast German business confidence and U.S. durable goods orders, spurred investor appetite for assets linked to growth. The momentum of the USD/CAD is still negative for the US Dollar, and as long as the USD/CAD is below 1.0400 levels, a short position is preferred. The next support on the daily chart is located at 1.0200. Overall, USD/CAD traded with a low of 1.0225 and with a high of 1.0355. No economic data is expected today.

USD/CAD - Last: 1.0251

Resistance

1.0280

1.0350

1.0380

Support

1.0225

1.0195

Published in Forex Articles

USD Dollar (USD) – The Dollar gained against most of the major currencies in Forex Trading after the Initial Jobless Claims came out 465k worse than expected 450k. The Existing Home Sales came out 4.13M better than expected 4.04M and trimmed part of the dollar gains. Stock Markets closed negative with Dow Jones losing -0.72% and NASDAQ fell by -0.32%. Crude Oil gained 0.6% and closed at 75$ a barrel. Gold (XAU) closed another positive day adding 0.3% and closed at 1292$ an ounce. Today, the Core Durable Goods are expected at 0.7% vs. -3.7% previously. The New Home Sales are expected at 290k vs. 276k previously.

EURO (EUR) – The Euro fell against the dollar after the macro data showed that the German Manufacturing PMI came out 55.3 worse than expected 57.8 and the Manufacturing PMI came out 53.6 also worse than expected 54.6. Holding above the 1.3240 support level keeps the momentum positive for the pair. Overall, EUR/USD traded with a low of 1.3285 and with a high of 1.3414. Today, the German Ifo Business Climate Index is expected at 106.3 vs. 106.7 previously.

EUR/USD – Last: 1.3333

Resistance

1.3360

1.3440

Support

1.3305

1.3240


British Pound (GBP) – The Pound posted small gains against the dollar with another failed attempt to breach the 1.5730 resistance level and retreated again below the 1.57 zone. The BBA Mortgage Approvals came out 31.8K worse than expected 32.3k. Holding above the 1.56 support level keeps the momentum positive for the pair. Overall, GBP/USD traded with a low of 1.5610 and with a high of 1.5740. No economic data is expected today.

GBP/USD - Last: 1.5670

Resistance

1.57

1.5730

Support

1.5600

1.5500


Japanese Yen (JPY) – The USD/JPY pair traded in very tight range fluctuating between the support level at 84.30 and bouncing to 84.70 resistances area as the banks in Japan were closed. Trading above the support level of 83.80 keeps the momentum positive for the pair. Overall, USD/JPY traded with a low of 84.25 and with a high of 84.66. No economic data is expected today.

USD/JPY-Last: 85.20

Resistance

85.25

85.90 


Support

84.70

84.30

Canadian dollar (CAD) – The U.S. dollar gained against Canada's dollar as reports in Europe and U.S. added to risk aversion of investors on concern of the stability of the global economic recovery. Breaching the 1.0350 resistance level might push the pair higher. Overall, USD/CAD traded with a low of 1.0283 and with a high of 1.0377. No economic data is expected today.

USD/CAD - Last: 1.0330

Resistance

1.0320

1.0350

1.0400

Support

1.0270

1.0220

 

Published in Forex Articles
Thursday, 23 September 2010 13:18

UFXBank Forex Outlook: Euro Extends Gains on USD

USD Dollar (USD) – The dollar continued to slump across the board in Forex Trading, following the FED's statement suggesting a further easing of monetary policy is in the works in order to help support the weakening economy. Stock Markets closed negative with the Dow Jones losing 0.2% and the NASDAQ falling by 0.63%. Crude Oil weakened by 0.3% and closed at $74.70 a barrel. Gold (XAU) traded at record high levels after it jumped by 1.4% and closed at $1292 an ounce. Today, the Initial Jobless Claims report is expected unchanged at 450K. The Existing Home Sales are expected at 4.04M vs. 3.83M previously.

EURO (EUR) – The Euro extended its rally against the dollar and reached a 5 month high. The Industrial New Orders, which came out at -2.4% - worse than the expected -1.2%, could not stop the positive wave in the euro. Breaching the 1.3440 resistance level might push the pair higher. Overall, EUR/USD traded with a low of 1.3246 and with a high of 1.3440. Today, the German Manufacturing PMI is expected at 57.8 vs. 58.2 previously. The Manufacturing PMI is expected at 54.6 vs. 55.1 previously.

EUR/USD – Last: 1.3394

Resistance

1.3440

Support

1.3360

1.3305

1.3240

British Pound (GBP) – The Pound gained versus the dollar following the main trend of dollar weakness in the markets, although it is not accelerating as strong as other currencies and it is still capped by sell orders that keep the pair below the 1.57 zone. Breaching the 1.5730 resistance level might push the pair higher. Overall, GBP/USD traded with a low of 1.5600 and with a high of 1.5714. Today, the BBA Mortgage Approvals are expected at 32.3K vs. 33.7k previously.

GBP/USD - Last: 1.5650

Resistance

1.5685

1.5730

Support

1.5600

1.5500


Japanese Yen (JPY) – The Yen gained versus the dollar for a second day but still the USD/JPY pair trading firmly above from its 15 year low level around the 83 zone. Trading above the support level of 83.80 keeps the momentum positive for the pair. Overall, USD/JPY traded with a low of 84.25 and with a high of 85.17. Today, Japanese banks will be closed in observance of Autumnal Equinox Day.

USD/JPY-Last: 84.62

Resistance

84.70

85.25

85.90 

Support

84.30

83.80

Canadian dollar (CAD) – Canada’s dollar managed to gain at the end of the day versus the U.S. dollar despite the disappointing macro data as the Core Retail Sales came out -0.4% worse than expected 0.5% and the Leading Index came out 0.5% worse than expected 0.6%. Holding above the support level of 1.0220 levels keeps the momentum positive for the pair. Overall, USD/CAD traded with a low of 1.0283 and with a high of 1.0344. No economic data is expected today.

USD/CAD - Last: 1.0295

Resistance

1.0320

1.0350


Support

1.0270

1.0220

 

Published in Forex Articles
Wednesday, 22 September 2010 09:26

UFXBank Forex Outlook: Dollar Down on Fed Statements

USD Dollar (USD) – The Dollar was down against the other major currencies after the Federal Reserve said it’s willing to ease monetary policy further to bolster the U.S. economy. In addition, the interest rate stayed at 0.25% and the Housing Starts data increased in august (0.60M vs. 0.55M forecast), easing concerns that the recovery in the world’s largest economy may be stumbling.  The NASDAQ weakened by 0.28% and the Dow Jones fluctuated around 0, closing at + 0.07%. Crude oil weakened by 1.8%, closing at $73.50 per barrel. Gold (XAU) rose to another new record during the session (above 1290$), dropping some by the end, but still strengthening by 0.4% to close at $1283 an ounce. No major economic data is expected today.

EURO (EUR) – The Euro strengthened to a six week high against the Dollar as a result of statements by members of the Federal Reserve's Open Market Committee. The momentum of the EUR/USD is still bullish for the euro, and as long it is above the 1.3100 level, a long position is preferred. The next resistance line on the daily chart is 1.3340, and the 10 moving average supports an uptrend as well. Overall, EUR/USD traded with a low of 1.3059 and with a high of 1.3286. Today, Industrial New Orders are expected to become negative from 2.5% prior to -1.20% forecast.

EUR/USD – Last: 1.3297

Resistance

1.3312

Support

1.3160

1.3030

1.2960

British Pound (GBP) – The Pound weakened versus the Dollar and Euro during the European Forex trading session, dropping against the Euro to the lowest level in two months, as a report showed the U.K.’s budget deficit widened more than forecast in August. At the end of the US session, the pound succeeded to rebound some versus the Dollar after the US Federal Reserve statements. The main support of the GBP/USD on the daily chart is still 1.5500, and if the pair goes below this rate, it will probably continue to decline. The resistance on the one hour chart is 1.5650, and if it goes above this line, it will continue to rise. Overall, the GBP/USD traded with a low of 1.5503 and with a high of 1.5644. Today, MPC Meeting Minutes will be released.

GBP/USD - Last: 1.5664

Resistance

1.5685

1.5730

Support

1.5600

1.5500

1.5430

Japanese Yen (JPY) –The Yen reached the strongest level against the Dollar since Sept. 15, as a result of the interest rate statement by U.S. Federal Reserve policy makers. The USD/JPY has been fluctuating the past few days. The support on the daily chart is 84.75, and if the pair goes below the support line, the trend will become bearish. Overall, USD/JPY traded with a low of 84.98 and with a high of 85.72. No economic data is expected today.

USD/JPY-Last: 84.87

Resistance

85.25

86.00

Support

84.70

Canadian dollar (CAD) – The Canadian Dollar rose against the US Dollar after the Federal Reserve said it is willing to ease monetary policy further to boost the economy, which increased demand for assets that benefit from global growth. The momentum of the USD/CAD is still negative for the US Dollar, and as long the USD/CAD below 1.0350 levels, a short position is preferred. The next support on the daily chart is located at 1.0200. Overall, USD/CAD traded with a low of 1.0216 and with a high of 1.0331. Today, Core Retail Sales are expected to rise from -0.5% to +0.4%, and the Leading Index is expected at 0.5% vs. 0.4% prior.

USD/CAD - Last: 1.0248

Resistance

1.0290

1.0320

1.0350

Support

1.0215

Published in Forex Articles
Tuesday, 21 September 2010 09:12

UFXBank Forex Outlook: Gold Hits Record High

USD Dollar (USD) – The Dollar was mixed against most other major currencies in Forex trading as stocks and commodities gained.  Industry data showed that U.S. builder confidence, in the market for newly built homes, remained at an 18-month low and boosted investor appetite for higher yielding currencies. The NASDAQ and Dow Jones rallied by 1.74% and 1.37%, respectively. Crude oil strengthened by 1.6%, closing at $74.80 a barrel. Gold (XAU) rose to a new record, strengthening by $3.30 per ounce, to close at $1280.80 an ounce. Today, the interest rate decision is expected to remain at 0.25%. Building Permits are expected to remain at 0.56M, FOMC Statement.

EURO (EUR) – The Euro closed almost unchanged versus the dollar after a quiet day of economic news in the US and European countries, which didn’t cause any movement on this symbol. The momentum of the EUR/USD is still bullish for the euro, as long it’s above 1.3000 levels, a long position is preferred. The RSI indicator is above 50, which supports an uptrend as well, and if the pair goes below the 1.3000, level it could decline to 1.2900. Overall, EUR/USD traded with a low of 1.3029 and with a high of 1.3121. No economic data is expected today.

EUR/USD – Last: 1.3094

Resistance

1.3120

1.3160

Support

1.3030

1.2830

1.2800

British Pound (GBP) – The Pound fell against the Euro and the Dollar on signs that the U.K.’s housing market has weakened. This threatens to undermine the country’s recovery from its deepest recession on record. The main support of the GBP/USD on the daily chart is 1.5500, and if the pair goes below this rate, it will probably continue to decline. Overall, GBP/USD traded with a low of 1.5536 and with a high of 1.5686. No major economic data is expected today.

GBP/USD - Last: 1.5584

Resistance

1.5680

1.5730

Support

1.5535

1.5490

1.5375

Japanese Yen (JPY) –The Yen traded in a very narrow range versus the Dollar, after the no serious news was released that could influence this pair. The USD/JPY has been fluctuating over the past few days. The resistance on the daily chart is 86.00, and only if the pair crosses the resistance line, will the trend continue with its bullish momentum. Overall, USD/JPY traded with a low of 85.51 and with a high of 85.80. No economic data is expected today.

USD/JPY-Last: 85.59

Resistance

85.85

Support

85.50

85.20

Canadian Dollar (CAD) – The Canadian Dollar gained versus the US Dollar for the first time in three days, as stocks and gold climbed, and investors sought higher-yielding assets. The momentum of the USD/CAD is still negative for the US Dollar, and as long as the USD/CAD is below the 1.0400 level, a short position is preferred. The next resistance on the one hour chart is located at 1.0350. Overall, USD/CAD traded with a low of 1.0261 and with a high of 1.0345. Today, Core CPI is expected to become +0.1% vs. -0.1% prior.

USD/CAD - Last: 1.0290

Resistance

1.0320

1.0350

Support

1.0265

1.0240

1.0215

Published in Forex Articles
Monday, 20 September 2010 09:04

UFXBank Forex Outlook: Drop in Oil Drops Looney

USD Dollar (USD) – The Dollar strengthened against most of the other major currencies as a correction of the last few days. Core CPI came out at 0% vs. 0.10% forecast, and Michigan Inflation Expectations came out at 2.20% vs. 2.70% forecast. NASDAQ and Dow Jones continued their uptrend for the third week in a row, closing at +0.5% and +0.1% respectively. Crude oil weakened for the fourth day in a row, falling by 1.2%, to close at $73.66 a barrel. Gold (XAU) rose to a new record high of $1282, strengthening by 2.9% comparing to last week, but finally closing at $1279 an ounce. Today no major reports are expected.

EURO (EUR) – The Euro continued to stay near 1.3000 levels in Forex trading, as it did in last week’s advance versus the Dollar. This occurred as risk appetite waned amid fresh fears over the euro zone sovereign debt crisis. The momentum of the EUR/USD is still bullish for the euro, and as long it’s above 1.3000 levels, a long position is preferred. Also, the CCI indicator is above +100, which supports an uptrend as well. Overall, EUR/USD traded with a low of 1.3031 and with a high of 1.3067. No major economic data is expected today.

EUR/USD – Last: 1.3071

Resistance

1.3159

Support

1.3031

1.2959

1.2829

British Pound (GBP) – The Pound continued to stay near its strongest level versus the US dollar in more than a month. The main resistance of the GBP/USD on the daily chart is 1.57, and if the pair crosses this rate, it will continue its upward trend. If not, we could see the pair continue to decline to the 1.5580 level. Overall, GBP/USD traded with a low of 1.5592 and with a high of 1.5648. No major economic data is expected today.

GBP/USD - Last: 1.5664

Resistance

1.5729

Support

1.5594

1.5460

Japanese Yen (JPY) – The yen fluctuated near the 85.70 levels for a fourth day versus the dollar on speculation the U.S. housing market is stagnating, which is increasing demand for safer assets. The momentum of the USD/JPY is still strongly bullish these days, and the resistance on the daily chart is at 86. One thing to note is that there is a pennant shape forming. Overall, USD/JPY traded with a low of 85.593 and with a high of 85.929. No economic data is expected today due to a bank holiday.

USD/JPY-Last: 85.71

Resistance

85.93

Support

85.64

85.22

Canadian dollar (CAD) – The Canadian Dollar weakened against the US dollar as Oil fell more than 1% and drifted the Canadian Dollar along with it. The momentum of the USD/CAD is still negative for the US Dollar, and as long the USD/CAD is below 1.0400 levels, a short position is preferred. The next resistance on the one hour chart is located at 1.0350. Overall, USD/CAD traded with a low of 1.0216 and with a high of 1.0350. Wholesale Sales is expected to come in at 0.60% versus -0.30% prior.

USD/CAD - Last: 1.0312

Resistance

1.0347

Support

1.0309

1.0251

1.0216

Published in Forex Articles

USD Dollar (USD) – The Dollar was mixed against other major currencies in Forex Trading after worse than expected U.S. data on durable goods orders that came at -0.6% vs. 0.6% forecast, leaving traders clueless of the market direction. The NASDAQ and Dow Jones declined by 1.04% and 0.38% respectively. Crude oil weakened by 0.7% closing at $77 a barrel. Gold (XAU) strengthened by 0.2% closing at $1160.4 an ounce. Today, Unemployment Claims are expected to weaken from 464K to 457K.

EURO (EUR) – The Euro traded on a narrow range versus the Dollar for the second consecutive day as traders continued to digest the recent stress tests results. The main resistance of the EUR/USD on the daily chart is 1.3050. If the pair trades above this level, the momentum continues to be bullish. The main support on the daily chart is located at 1.2700. Overall, EUR/USD traded with a low of 1.2966 and with a high of 1.3042. Today, German Unemployment Change is expected at -18K vs. -21K prior.

EUR/USD – Last: 1.2998

Resistance

1.3017

1.3045

 

Support

1.2952

1.2877

1.2793

 

British Pound (GBP) – The Pound closed almost unchanged versus the Dollar after touching the highest rate in 5 months during the session due to bad economic data like the durable goods orders in the US which fell more than expected. The main support of the GBP/USD on the one hour chart is 1.5430, if the price trades below this level the momentum will be bearish, the next resistance on the daily chart is 1.5675. Overall, GBP/USD traded with a low of 1.5544 and with a high of 1.5638. Today, Nationwide HPI is expected at -0.2% vs. 0.1% prior.

GBP/USD - Last: 1.5603

Resistance

1.5638

 

 

Support

1.5544

1.5442

1.5348

 

Japanese Yen (JPY) –The Yen strengthened versus the Dollar as orders for U.S. durable goods unexpectedly fell last month and the Federal Reserve said economic growth slowed in some areas. Retail Sales came out at 3.2% vs. 3.3% forecast. The main resistance of the USD/JPY on the daily chart is 89.20 level ,as long it's trading below this level a short position is preferred, the next support is located at 86.20. Overall, USD/JPY traded with a low of 87.25 and with a high of 88.11.

USD/JPY-Last: 87.15

Resistance

87.71

88.11

 

Support

86.82

86.34

 

 

Canadian dollar (CAD) – The Canadian Dollar weakened against the Dollar after a drop in crude oil prices increased speculation that demand will wane for currencies of nations that are dependent on commodities for growth. As long the USD/CAD is below 1.0450 levels, the momentum is bearish. The next support is located at 1.0240. Overall, USD/CAD traded with a low of 1.0298 and with a high of 1.0390.

USD/CAD - Last: 1.0363

Resistance

1.0395

1.0440

1.0505

Support

1.0300

1.0255

 

Published in Forex Guides
31
32
33
Next
End
Page 33 of 33

Currency converter
Amount:
From:
To:


Polls

Which is the Best Forex Broker you have traded with?

Interview with Matthew Sheppard

Senior Forex Advisor at XForex


1. What is your name and position?

Hello, my name is Matthew Sheppard and I am a senior forex advisor at XForex.

2. What is your experience and professional background?

In the last 6 years I had filled several positions in financial institutions such as a stock broker, a foreign exchange desk manager, a financial consultant and in my recent role I serve as a senior Forex advisor for XForex which is an online forex company.

3. What type of clients you deal with?

We deal with clients on all levels from the beginning stages to the more advanced trading levels.

4. Does most of your business activity come from the online or offline world?

Because of our high presence on the web, most of our business comes from the online world.

5. Why should a trader pick XForex from all forex brokers?

Aside from all the benefits that XForex offer like commission-free trading, 24/7 online support, high leverage (200:1), XForex offers educational and learning trading experience that you won’t find anywhere else..

Our team of experts and financial trainers provide personal assistance and guide clients to financial success. We provide daily analysis and market reviews to our clients giving them a better understanding of the market and helping them trade profitably.

6. From your experience, what advice would you give a person who wants to enter the forex world?

My advice to the beginning trader entering the Forex world is as follows:
  • Learn the market and understand what you’re getting into.
  • Research and find the broker that suits your needs and wants. Look for a good offering but more importantly customer service, don’t go for the low rates offer without being certain they have a good customer service department. From my extensive experience in the Forex world your key to success will be your client-broker relationship. I can honestly say that at XForex they put an emphasis on servicing clients, which is so important.
  • Invest smartly and calculate your risks.
  • Always know when to get out of a trade.

Broker of the Month

5_small_logoUFXBank provide up-to-date charts and news feeds, coupled with an easily navigated trading platform. UFXBank traders can access the biggest market in the world 24 hours a day with ease.

By keeping their platform, site and deposit process simple, safe and secure, UFXBank have become the web’s premier online forex trader.