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 … [Read more…]
Forex signals today were as follows: Buy CADJPY: From: Dave Hughe <plainfx@gmail.com> Date: Fri, Jun 12, 2015 at 6:08 AM Subject: June 12 To: 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 … [Read more…]
We sold short EURJPY today: From: Dave Hughe <plainfx@gmail.com> Date: Thu, Jun 11, 2015 at 8:42 AM Subject: New order To: EURJPY Sell 138.59 SL 139.21 P1= 138.36 P2= 138.16 Later the protective stop-loss was updated to 138.86: From: Dave Hughe <plainfx@gmail.com> Date: Thu, Jun 11, 2015 at 10:43 AM Subject: EURJPY SL 138.86 To: As … [Read more…]
There are two general types of retail Forex brokers: Dealing Desk Brokers also called Market Makers, provide liquidity to the market by offering both buy and sell quotes (Bid and Ask) and taking the other side of the trade. That is the reason they are also called Market Makers. Dealing desk brokers do not charge … [Read more…]
Forex signals triggered today: From: Dave Hughe <plainfx@gmail.com> Date: Wed, Jun 10, 2015 at 6:09 AM Subject: June 10 To: EURGBP Sell 0.7299 SL 0.7231 P1= 0.7283 P2= 0.7265 From: Dave Hughe <plainfx@gmail.com> Date: Wed, Jun 10, 2015 at 9:19 AM Subject: New order To: NZDUSD Buy 0.7202 SL 0.7169 P1= 0.7222 P2= 0.7242
We made two trades today. The AUDCAD trade was closed at break even prices. The USDCAD trade was closed with +44 pips profit: USDCAD Sell 1.2364 SL 1.2411 P1= 1.2344 P2= 1.2324
Today’s Forex signals: From: Dave Hughe <plainfx@gmail.com> Date: Tue, Jun 9, 2015 at 6:17 AM Subject: June 9 To: AUDCAD Sell 0.9498 SL 0.9541 P1= 0.9478 P2= 0.9452 From: Dave Hughe <plainfx@gmail.com> Date: Tue, Jun 9, 2015 at 6:51 AM Subject: New order To: USDCAD Sell 1.2364 SL 1.2411 P1= 1.2344 P2= 1.2324
The Forex trading week starts with the opening of financial centers in New Zealand and Australia followed by Tokyo, Hong Kong and Singapore followed by Frankfurt and London followed by New York. By the time the North American banks close for the day, the foreign exchange trading starts in New Zealand again. Therefore traders distinguish … [Read more…]
Our Forex signal triggered today was this: From: Dave Hughe <plainfx@gmail.com> Date: Mon, Jun 8, 2015 at 7:43 AM Subject: New order To: EURGBP Buy 0.73205 SL 0.7289 P1= 0.7348 P2= 0.7368
Our Forex signals made +112 pips of profit this week.