Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account
View RSS Feed

All Blog Entries

  1. EUR/USD Remaining Strong As Greek Deal Anticipated Soon

    by , 06-01-2011 at 06:33 AM
    [B]EUR/USD remains at a safe distance above high support as hopes that a Greek deal will be published as soon as tomorrow boost the common currency. Also US weakness aids the pair. We have important US data towards today. Here’s a quick update on technicals, fundamentals and what’s going on in the markets.[/B]

    EUR/USD Technicals

    Asian session: An active session saw the pair move further away from the 1.4375 support line, and bounce off resistance at 1.4450.
    Current range 1.4375 to 1.4450.

    Read the rest of the article [B][I][URL=""]EUR/USD Remaining Strong As Greek Deal Anticipated Soon[/URL][/I][/B]
  2. GBP/USD Loses Support on Weak Manufacturing PMI

    by , 06-01-2011 at 04:40 AM
    [B]British Manufacturing PMI printed 52.1 points, weaker than 54.2 that was expected. This reflects a further slowdown. GBP/USD drops sharply, losing support.[/B]

    GBP/USD now trades at 1.6417, down from almost 1.65 before the release. Support at 1.6430 was pierced through. The next support area is the region of 1.6280 to 1.63, which is still far.

    Read the rest of the article [B][I][URL=""]GBP/USD Loses Support on Weak Manufacturing PMI[/URL][/I][/B]
  3. Forex Trades 06/01 - European session

    by , 06-01-2011 at 01:07 AM (Currency Majors Technical Analysis)
    Forex Trades 06/01 - European session
    [b][img][/img] [url=""]EUR/USD - Euro / US Dollar[/url][/b]
    [b]Entry[/b]: 1.4425
    [b]Stop[/b]: 1.4375
    [b]Resistances[/b]: 1.458 - 1.45 - 1.4435
    [b]Supports[/b]: 1.4265 - 1.4365 - 1.44

    [b][img][/img] [url=""]USD/CAD - US Dollar / Canadian Dollar[/url][/b]
    [b]Entry[/b]: 0.967
    [b]Stop[/b]: 0.969
    [b]Resistances[/b]: 0.975 - 0.9725 - 0.969
    [b]Supports[/b]: 0.96 - 0.964 - 0.967

    [b][img][/img] ...
  4. How to Double Your Forex account in 7 weeks

    by , 05-31-2011 at 11:15 PM (Winners Edge Trading Daily insights)
    Here is a simple plan I started working on for pip growth. I personally believe that this is conservative and doable for a lot of folks. But, if you think its to aggressive, feel free to scale it back to something that makes you comfortable. I chose a small account starting size of just $10K and a small trade size. Just ONE mini lot. Each week we hit our profit target of pips we get to move up to the next level.

    Starting with a 10K account and trading just one “mini Lot” our goal is to make:

    50 pips on a Monday, and 50 on a Friday and 100 pips on a Tues- Thursday basis. This should equate to 400 pips or $400. Should we achieve this $400 “delta” we get to go to level 2

    Account balance ...
Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.