Tu., June 23 Forex Signals

June 23, 2015 at 8:52 am

Yesterday we broke even. Today’s signal was to short NZDCAD:

From: Dave Hughe <plainfx@gmail.com>
Date: Tue, Jun 23, 2015 at 5:56 AM
Subject: June 23
NZDCAD Sell 0.8436 SL 0.8456 P1= 0.8416 P2= 0.8403

So far so good. The fist profit target has been reached making +20 pips of profit. The stop-loss orders for the remaining units have been upgraded to 0.8435, which is their break-even level.

Mo., June 22 Forex signals

June 22, 2015 at 7:28 am

We sold short the NZDUSD pair today:

From: Dave Hughe <plainfx@gmail.com>
Date: Mon, Jun 22, 2015 at 6:00 AM
Subject: June 22
NZDUSD Sell 0.6878 SL 0.6916 P1= 0.6865 P2= 0.6852

Currently the stop-loss orders have been moved to 0.6877, which is the break even point:

From: Dave Hughe <plainfx@gmail.com>
Date: Mon, Jun 22, 2015 at 7:21 AM
Subject: NZDUSD SL BE (break even)

June 19 End Of Week Results: +101 pips profit

June 19, 2015 at 11:16 am

The total trading result for this week is +101 pips of profit.

Fr., Forex Signals results: +35 pips profit

June 19, 2015 at 11:13 am

The USDJPY short trade made +35 pips of profit today.

We updated the stop-loss orders to 122.73 and they were triggered:

From: Dave Hughe <plainfx@gmail.com>
Date: Fri, Jun 19, 2015 at 10:38 AM
Subject: USDJPY SL 122.73

On the chart this trade looked like this:

USDJPY Sell 122.79 SL 123.11 P1= 122.56 P2= 122.43




Fr., June 19 Forex signals

June 19, 2015 at 10:04 am

Our signal triggered today was to sell short USDJPY:

From: Dave Hughe <plainfx@gmail.com>
Date: Fri, Jun 19, 2015 at 9:14 AM
Subject: New order
USDJPY Sell 122.79 SL 123.11 P1= 122.56 P2= 122.43

As  you can see, so far it has reached the first profit target. The stop-loss orders for the remaining units are placed at 122.78, which is the break even point for them.

Th., June 18 Forex Signals & results: break even

June 18, 2015 at 12:24 pm

We did not trade yesterday. Today’s signal was:

From: Dave Hughe <plainfx@gmail.com>
Date: Thu, Jun 18, 2015 at 5:59 AM
Subject: June 18
AUDJPY Buy 96.02 SL 95.49 P1= 96.22 P2= 96.48

This trade was closed at the break even point.

Tu., June 16 No signals today

June 16, 2015 at 9:29 pm

There were no clear trading signals today, hence we refrained from trading.

Mo., June 15 Forex signals results: +66 pips

June 15, 2015 at 9:16 am

We shorted EURAUD this morning:

From: Dave Hughe <plainfx@gmail.com>
Date: Mon, Jun 15, 2015 at 6:59 AM
Subject: New order
EURAUD Sell 1.4499 SL 1.4551 P1= 1.4478 P2= 1.4452

This trade reached both profit targets but we move the stops closer to protect our profits in the wake of the ECB President Speech. Therefore the total result is the profit of +66 pip. On the chart it looked like this:

best forex signals EURAUD JUN15

How to choose Forex broker?

June 14, 2015 at 3:54 pm

Not all brokers are created equal and you should to do your homework before committing any funds. The following is a list of things to check before opening an account:

1. Licensing and Regulation

  • Is the broker licensed and regulated as a provider of financial services? If so, can you check this broker’s license number and complaints with the regulating body? We recommend dealing only with reputable regulated brokers (see also How Is Forex Regulated?)
  • Do you trust the judicial system in the country where your broker is licensed?

2. Currency pairs offered for trading. Does the broker offer the currency pairs that you intend to trade?

3. Transaction Costs

  • Do they charge commissions separately or include them in the spread? (see also What Is A Spread?)
  • How this broker’s spreads compare with other brokers?
  • What are the overnight position holding costs?
  • Are there any other costs involved?

4. Order Execution

  • How fast are orders executed?
  • Do you always get the best possible price?
  • How is the slippage? Slippage is the major expense. A few pips here and there amount to significant difference in money made or lost.

5. Account types and margin available.

  • What types of accounts and leverage are offered? How does it compare with other brokers licensed in the same country?

6. Initial deposit.

7. Deposits and withdrawals.

  • How easy it is to deposit and especially withdraw funds?
  • Is there a minimum for withdrawal?
  • What are the withdrawal costs?

8. Trading platform

  • What software platforms are offered?
  • How easy is it to trade your trading system with platforms offered?
  • Can you access your account and trade while away from your home computer?
  • Is there a mobile app available? Can you analyze the market and trade on the go?

9. Customer service

  • Do you need support in your trading?
  • At what hours is the support available?
  • How easy is to get through to support and what is their attitude?

10. Additional services

  • Do you need any additional services such as market analysis, news feed, etc.?
  • What other services are available and do you really need them?

11. Reputation

  • Make sure to Google your broker’s name in combination with such words as fraud, complaint, slippage, feedback and such.
  • Check opinions of others on Forex message boards

12. Trade a demo account for a while

  • Open a demo account with the broker you like to get a feel on how things work with them.

To see the list of Forex brokers that we use ourselves and highly recommend, please visit our Forex Resources Page.

Fr., June 12 Forex signals results: break even

June 12, 2015 at 8:52 am

Forex signals today were as follows:


From: Dave Hughe <plainfx@gmail.com>
Date: Fri, Jun 12, 2015 at 6:08 AM
Subject: June 12
CADJPY Buy 100.61 SL 99.99 P1= 100.78 P2= 100.94

The protective stop-loss was updated later to break even (BE):

From: Dave Hughe <plainfx@gmail.com>
Date: Fri, Jun 12, 2015 at 6:58 AM


From: Dave Hughe <plainfx@gmail.com>
Date: Fri, Jun 12, 2015 at 9:21 AM
Subject: New order
USDCHF Sell 0.9294 SL 0.9342 P1= 0.9272 P2= 0.9262

The protective stop-loss was updated later to break even (BE):

From: Dave Hughe <plainfx@gmail.com>
Date: Fri, Jun 12, 2015 at 9:57 AM