Should price action for Gold remain inside the 1,307 to 1,312 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 1,309 Take Profit Zone: 1,200 – 1,205 Stop Loss Level: 1,350 Should price action for Gold breakdown below 1,307 the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ Retracements in the trend; sell orders during rallies Take Profit Zone: 1,200 – 1...
As the developed world goes up in flames and is chocking on tremendous debt burdens from Washington to Brussels BRICS, which stands for Brazil, Russia, India, China and South Africa, collaborates further and creates a $100 Billion fund in order to combat currency crisis in the future. They did not reach an agreement on creating a development bank. According to Russian Finance Minister Anton Siluanov made the following funding proposal public at a meeting in Durban, South Africa as far as contributions are concerned: Brazil: $...
Today we will cover a very important aspect of successful forex trading which is often neglected especially by new forex traders; risk management. The majority of forex traders are so concerned about generating profits, that they often ignore their bottom line and how to protect it. The majority of traders do not understand the importance of risk management and do not spend the required time to learn how to protect their portfolio from losses. The best forex strategy is absolutely worthless if one bad trade will wipe out your entire...
PaxForex closed the second trading week with net profits of 145 pips on four closed trades; three were closed for a gross profit of 285 pips and one was closed for a loss of 140 pips. This has increased our trading profits for June to 205 pips and for the second-quarter to 9,655 pips. We had the following five trading recommendations this week: Monday, June 9th – USDCHF June 9th 2014; Short @ 0.8975 Tuesday, June 10th – EURUSD June 10th 2014; Long @ 1.3720, 1.3605 and 1.3545 Wednesday, June 11th – Gold June 11th 2014...
Many our traders have our Forex No Deposit bonuses. Today we decided explain you some points of view and advantages of making a real deposit to your free bonus. Everyone knows that Forex is not a casino, nor any of free grants’ association. You just can’t do nothing and receive everything for free. The same rules work in any of other markets. If you wish to trade on Forex constantly as in you second or even first job, you have to invest first in your new business. There aren’t businesses without any investments. If...
