Forex Exchange Blog

Jimmi M asked:


hello people , ive started forex trading and even done a course on it . i use fxcm and my style of trading technial on 5 minute charts with 30 pip stop loss and even if i can consistently make 20 pips a day id be happy. it looks workable but ive been using fxcm for some time now and have heard that they are stop hunters, is this true? which is the best and reliable online broker ? which is the best tech. indicator on 5 minute charts or best combination of tech indicators? final question are any of you fx traders living in dubai , if so id like to look and meet them to exchange ideas. thanks appreciate the help.

CORNS

Tradefx asked:


What do you think about the eur/usd exchange rate in the short term?

Currently the rate is: 1.3532.

Technically, we see a constant uptrend since yesterday…the last our even was formed the so called tree white soldiers which is a potential signal for an uptrend. However I am not big supporter of the technical analysis since it shows only the current position of the market, but the price is driven by economic events not by charts.
So, talking about economics, here’s the situation about the eur/usd pair:

Euro:
The European Central Bank decided to leave the interest rate unchanged at 3.75% yesterday

USA:
12:30 US Producer Price Index (MoM) (Mar) now:0.6% - was:1.3%
12:30 US Producer Price Index ex Food Energy (MoM) (Mar) now:0.2%- was:0.4%
12:30 US Trade Balance (Feb) now:$60.50B -was:$59.12B

I think the euro is now overbought and as we know from dow jones: the history repeats. So I would sell to reach 20 pips around 1.35.

thanks

OLAZABAL

b.o.r.e.d asked:


Hi,

I am going to India on a holiday. Where do you think I will get better exchange rates?

What are some of the places I can do it in Australia? I’ve heard about Forex, but the rates are too high!

What are the rates at Commonwealth bank? Or should I just do that in India? thanks.

KEENAN

westphalia1 asked:


Can currency correlation charts be used for HOLDING currencies and make a profit? I mean without margin and without using a forex broker? By simply BUYING and HOLDING various currencies in a multi currency account and laddering and exchanging them as the values increase according to each pair? If so please explain.

VERTREES

bargur24 asked:


I found this site when i was surfing. http://indiarealestatemap.com/irmv2/index.php?action=page_displayPageID=6

Is there any other site available to compare INR against USD ..in more real time ?

Thanks

MCMANIS

may_minu asked:


i want serious replies only ! please can anybody around the world tell me some sites where i can learn about platin with foreign exchange please ? i need to learn that ….thanx

KONKLE

binesh20002001 asked:


forex trading means trading in foriegn exchange.

SWOYER

theroyaleblood asked:


Do they ever accept checks? How do they work? Would appreciate any answer!

NICOLE

drjeewago asked:


forex = foreign exchange

COLSTON

Moving to Japan asked:


I’m in the process of moving from Japan and I’ll need to convert American dollars, held in U.S. accounts, to Japanese yen, ultimately in Japanese accounts. What’s the best deal, considering conversion rates and exchange fees? Are FOREX exchanges a good approach?

MEIER