DAILY FOREX RECOMMENDATION

Monday, 11 August 2008 - 6:00 AM GMT
EUR/USD
Trading range: 1.5005 - 1.4915
Trend: Downward
Sell at 1.4994 SL 1.5026 TP 1.4927

USD/JPY
Trading range: 109.75 - 110.60
Trend: Upward
Buy at 109.86 SL 109.54 TP 110.48

GBP/USD
Trading range: 1.9210 - 1.9105
Trend: Downward
Sell at 1.9197 SL 1.9229 TP 1.9119

USD/CHF
Trading range: 1.0790 - 1.0890
Trend: Upward
Buy at 1.0803 SL 1.0771 TP 1.0877

by iForex Daily Forecast

Forex Broker Reviews

E-Currency Exchange: 4 Great Income Streams and Counting

This article provides a brief overview of the 4 sources of income we can take advantage of as a participant in the e-currency exchange trading system. Specifically, I am refering to the e-currency exchange program through DXinOne. DXinOne is by far the leader in facilitating e-currency conversions. The fees charged to account for these transactions is [...]

Forex Trading

Who is Willcare??

In the world of Forex, Willcare is a name known to few. I just heard his name this week. He is going to run a seminar on forex this weekend in Sabah. A few friends asked me if I can find out anything about him.

After searching the internet, I found nothing on his trade method. No a single article or picture giving a view of his method. Some people say he is a millionare but for me its no surprise.

He charge RM1200.00 to attend his class and limits the number of students to 50 per class. Last month he ran 8 classes. Lets do the math shall we.

1200 X 50 X 8 = RM480,000.00
That is his income for last month. Do that 3 months and you are a sure millionaire. Simple and easy as abc - 123.

The logic is if you are a millionaire born out of forex why go to the trouble of going all over malaysia and teaching. Wouldnt it be easier just to trade. After all trading forex made you a millionaire.

If you are a millionaire born out of forex, why charge so high and making it available to everyone. Your system claims to have 300 - 500 pip a day. If you trade only 10% of your capital that is a return of 30% - 50% a day. Do the math for a month and you have 900% - 1500% a month return. Thats a lot of money no matter how you look at it. With that much money, why charge RM1,200.00 for the class or money is never enough. If money is never enough, then forex is a wrong place to start with let alone teaching it to someone else.

Anyway this is only my view on someone who claims to be a millionaire born out of trading forex. There are a few forex millionaire and none that I know of giving class with such a high price. I even had an offer from a forex millionaire to learn from him with the price of nothing. Just go see him and he will teach how to trade and be like him and pay nothing in return. Because the money I am going to pay him is nothing compared to what he has now.

Forex Broker Reviews

DAILY FOREX RECOMMENDATION


Wednesday, 03 September 2008 - 6:00 AM GMT
EUR/USD
Trading range: 1.4480 - 1.4390
Trend: Downward
Sell at 1.4467 SL 1.4499 TP 1.4400

USD/JPY
Trading range: 108.65 - 109.50
Trend: Upward
Buy at 108.75 SL 108.43 TP 109.37


GBP/USD
Trading range: 1.7775 - 1.7675
Trend: Downward
Sell at 1.7765 SL 1.7797 TP 1.7687

USD/CHF
Trading range: 1.1070 - 1.1170
Trend: Upward
Buy at 1.1084 SL 1.1052 TP 1.1158

By iForex

Forex Broker Reviews

DAILY FOREX RECOMMENDATION

Friday, 15 August 2008 - 6:00 AM GMT
EUR/USD
Trading range: 1.4795 - 1.4705
Trend: Downward
Sell at 1.4785 SL 1.4817 TP 1.4718

USD/JPY
Trading range: 110.00 - 110.85
Trend: Upward
Buy at 110.11 SL 109.79 TP 110.73

GBP/USD
Trading range: 1.8665 - 1.8560
Trend: Downward
Sell at 1.8651 SL 1.8683 TP 1.8573

by iFOREX Daily Forecast

USD/CHF
Trading range: 1.0960 - 1.1055
Trend: Upward
Buy at 1.0971 SL 1.0939 TP 1.1045

Forex Trading

Forex Signals ? EUR/USD Bulls Keep Pushing

Signal posted on July 7, 2010, at 6:11 am GMT |

Recap: Slow day yesterday, but it always is after a holiday. I had a single-lot long from 1.2500 yesterday (taken before yesterday?s signal, it never dropped back down for anyone to re-enter) which I closed at 1.2600 for 100 pips profit. Bulls were able to push forward against yesterday pushing the pair up nearly 180 pips from low to high before stalling out around 1.2660.

Daily Outlook: I get a sinking feeling every time I go long in this market as the long-term trend is down, however for my day trading I have to go with the direction of the shorter-term trend and this short-term trend is definitely bullish.


We just closed out a bullish head and shoulders pattern on the daily charts, the pair continues to make higher highs and higher lows and we may have just entered a bullish channel.

Watch out for Eurozone economic numbers on the forex calendar tomorrow.

Trading Idea: The bottom of the bullish channel offers some good risk/reward setups with the support currently between 1.2500-1.2530. From 1.2515 targets would be 1.2540, 1.2570, 1.2600 and 1.2630 for 115 pips profit. A close below 1.2470 on 4h chart negates the trade (this is also where I will look to hide a stop).

Beyond that the most conservative trade would be to wait for a pullback to the 1.2400 support with targets up to 1.2600 for 200 pips (good risk/reward setups off this level).

The most aggressive trade would be a long off of 1.2570 as this is the neckline area of the head and shoulders pattern. A close below this level on the daily charts indicates the neckline breakout was false and the head and shoulders signal was invalid.

Forex Broker