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Archive for February, 2007

How To Choose A Broker?

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By Forextvblog on February 8, 2007 -
Forex TV Blog
How To Choose A Broker? The best advice I can give to is to conduct yourself like a boss interviewing a potential employee. This employee will be making major decision on your financial future (or lack there of) and therefore it is of most importance that you ask the right questions. This decision cannot be taken lightly as must be well thought out. I would interview (more like grill) at least 5 potential Brokers before picking the final two. When choosing a Forex broker there are many factors to take into account. - Trust - Exper... ( read more )

Forex For Beginners

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By Forextvblog on February 8, 2007 -
Forex TV Blog
Forex For Beginners The presented article is intended for those who just turned their eyes toward FOREX. Beginning traders who are still learning the basics of the foreign exchange market may also find something of interest here. While experienced traders won’t gain anything worth their time reading this article. Basically there are 4 steps which can be defined as “must do“ for those who wish to start trading FOREX. Though, their order is not particularly important, the more important part is their content, to which the... ( read more )

The Elliott Wave Theory

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By Forextvblog on February 8, 2007 -
Forex TV Blog
The Elliott Wave Theory First what is Forex: The FOREX or Foreign Exchange market is the largest financial market in the world, with an volume of more than $1.5 trillion daily, dealing in currencies. Unlike other financial markets, the Forex market has no physical location, no central exchange. It operates through an electronic network of banks, corporations and individuals trading one currency for another. The Forex, or foreign currency exchange, is all about money. Money from all over the world is bought, sold and traded. On the Forex,... ( read more )

February 8, 2007 - Daily Forex Technical Analysis

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By Forextvblog on
Daily Forex Technical Analysis EUR/USD The 4H chart is clearly in overbought status with stochastic 90 and RSI 89, implying that in the next few hours the bullish trend will continue ,however there is not enough room for a significant strengthening of the EUR. The next major resistance level is located at 1.3040 and we don't think that this trend has lost its momentum. GBP/USD The pair was floating overnight and is now consolidating at 1.9711. Hourly studies are mildly bearish, as dailies give mixed signals with a small bullish ... ( read more )

February 8, 2007 - Daily Forex Analysis

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By Forextvblog on
Daily Forex Analysis USD The USD has been floating on a permanent range for the last week, and produced no interesting movement whatsoever. It looks as if the focus of the traders was not on the US market this week, as most of the attention will be centered at the G7 this weekend and the ECB rate decision. The only 2 major events that are expected to come from the US market are Wholesale Inventories and the February Jobless claims. The first is not expected to generate any big surprises, and will probably come in unchanged at 1.0%. The Jo... ( read more )
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