Forex VPS

Forex VPS

The fluctuation of currency prices in the Forex market is common. This makes the Forex market unpredictable. As a result, issues such as hardware, internet, or power failures may lead to losses for the investor. A Forex VPS, therefore, comes in handy in these situations. A Virtual Private Server is a virtual computer that can host a copy of a real computer system that can be accessed through other devices. This enables traders to run their Forex trading systems 24 hours a day without interruptions such as power outages. How…

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Cent Accounts

Cent Accounts

Cent accounts are a great way to introduce new Forex and CFD traders to live trading with very little risk. Beginner Forex traders often start with the Demo accounts which simulate the trading environment at no risks to the trader. But, prolonged Demo trading creates some problems for the trader. First, it comes preloaded with virtual money ranging from $10,000 to unlimited amounts. Newbies often get used to trading with big money and make profits using wide ‘stop losses’ and ‘take profits’. But in reality, most newbies cannot have such…

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Best Time to Trade Forex

When it comes to forex trading, it can be tempting to hit the market running with an unsustainable amount of energy. After all, the overlapping trading sessions mean it’s technically possible to trade all day long, five days a week. The problem is, this can lead to poor decision making and a trading burnout. Moreover, not every second of the day will be profitable. So, what is the best time to trade forex? And when should you take a break from reading charts and analysing trading data? Let’s take a…

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USD RUB. Fixed deflation for the first time in five years

Yesterday, during the trading session on the currency section of the Moscow stock exchange official dollar exchange rate decreased by 0.1396 rubles and amounted to 66.7420 rubles per dollar. Throughout the day, the ruble gradually strengthened, and become the main driving force in the price of oil, which, despite the increase in stocks of crude oil and petroleum products in the US by 1.4 million barrels, up 3.7%, to 43.43 dollars per barrel Brent crude. Another factor was the fact that, according to Rosstat, in the period from 26 July…

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EUR USD. US data supported the dollar

Index of business activity in the euro zone services rose from 52.8 to 52.9, while the composite index from 53.1 to 53.2, which was a complete surprise, since the expected reductions. In Germany, the index of business activity in the services sector rose from 53.7 to 54.4, the composite is from 54.4 to 55.3. The situation is similar in France, where the index of business activity in the services sector rose from 49.9 to 50.5, while the composite from 49.6 to 50.1. The important thing is that in France the…

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Commodities are actively strengthened against the US dollar

Commodity currencies continue to actively strengthen their positions against the US dollar, ignoring the falling prices of oil, as well as the weak fundamental data on the Chinese economy. According to Caixin Media Co. and Markit, activity in China’s services in July 2016, though growing, but at a slower pace. Thus, the purchasing managers index for China’s sphere of services fell to 51.7 points from 52.7 points in June. As noted in the report, the growth of new orders in the service sector companies has slowed, while employment continued to…

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GBP/USD. Brexit shadow hangs over Britain

The pound strengthened yesterday by more than a hundred points, which was due to several factors. Thus, the index of business activity in the UK construction sector decreased from 46.0 to 45.9, which was welcomed by the market, as the expected reduction to 43.8. But US statistics was not so joyful. Of course, personal spending rose by 0.4%, increasing inflation expectations, however, is not the first month running costs are rising faster than revenues. Personal incomes themselves rose 0.2%, slightly worse than expected. Moreover, if the trend continues, it could…

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EURUSD. When?

Pretty good data on new home sales in the US, which grew by 3.5%, could not lead to the strengthening of the dollar against the euro. This preliminary data on the index of business activity were neutral, so that they could not affect the market. Moreover, the market simply ignored the report of the American Petroleum Institute, which indicated to reduce stocks of crude oil and petroleum products by 8.3 million barrels, which, however, had no effect on the cost of oil. The reason for the incredible stability of the…

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Hotforex Traders Awards2016

hotforex-traders-award-2016

HotForex’s Traders Awards is the first and longest running contest of its kind in the industry going on for almost five years now. It is so easy to join the contest and become the trader of the month to win USD 1000 in cash, a crystal obelisk and a place in the HotForex Hall of Fame! Enter today, achieve the highest gains and make your way to the top! Simply click on the button below, login to your account and enter the contest to claim your reward*. Join here! *Terms…

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