Dear taioda, try to use different types of analysis, viz. fundamental and techical. Moreover, you can help yourself with some additional information on many forex forums, e.g. the one is available on the web site of the company
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Dear taioda, try to use different types of analysis, viz. fundamental and techical. Moreover, you can help yourself with some additional information on many forex forums, e.g. the one is available on the web site of the company
Thanks, I will seek. I have seen many analysts, but few of them spoke correctly. )Quote:
Originally Posted by Mikhail Tegin
You know, every type of analysis proceeds from subjective ideas, as well as many people anticipate news and broadcasts in different way
How much can I open orders?
TombRaider, you mean the size of a lot or the number of orders that can be opened under one name?
He has given the total number of open orders. Where you saw this information, I don\'t remember where. But there are very many orders can be kept open.
taioda, it's true that you can have as many opened order as you wish. In fact, at the same time you must have sufficient funds on your account
You can earn good Income from forex trading .I am not aware about forex trading but I saw some guys doing well and earning profit! This Forex Trading is nothing but Forex Exchage Currency Trading!! At first I started with demo trading even you also you can started with demo trading once you make profit with demo trading then you can deposits with real miney and started real money trading! Do you have gold trading instruments?
Dear taioda,Quote:
Originally Posted by taioda
Yes, we do have such things. There are 43 trading instruments in LiteForex including Gold and Silver.
and if I use LiteForex indices i\'d profit from it in comparison with major currency pairs?
You will find trading indices helpful if you are an experienced trader. These instruments help you to understand strength or weakness of one exact currency and to take an overall view on this currency. Currency indices is an exclusive product of our companyQuote:
Originally Posted by taioda
Thank you for the new Cabinet trader. Very many good and useful features. I really liked.
We are happy that you liked our new service. Now we\re trying to make it available in other languages
I\'ve always had a disastrous connection with your web site (almost impossible to view your FAQ) and your forums, though terminal is quite good... So i can\'t upload my documents\' scans to verify my profile - they are partly loaded and at some point everything stops. for now i have 3 or 4 not fully uploaded... what\'s wrong?
Dear taioda,Quote:
Originally Posted by taioda
You will have to contact our support and explain your situation and I am sure they will think of something.
i was trying to deposit into my Lite account through Webmoney, but a can't find your company details in my keeper. You don't work webmoney anymore?
The European currency continues its growth against slumping USD. The Americans are quite content with the current situation as their foreign debt is still substantial and export volumes are increasing mostly owing to cheaper dollar.
On the other hand, EU policymakers should pay attention to growing euro against dollar and pent-up its growth in the near future as euro high exchange rate does not exert significant impact on European export goods in terms of foreign demand. As far as I’m concerned in the near future EU will embark on taking steps towards weaker euro, though cut-backs will be not that sharp due to European Central Bank’s deficiency of economic and political instruments of influence on national currency exchange rate on the verge of financial rebound, hence one can assume further mid-term euro growth against dollar, tough quite insignificant. Another indicator of future possible euro exchange rate adjustment to new economic conditions is MACD that shows divergence within 4 hours’- and day-timeframe.
The major trend of the currency pair in question would be as follows: average MA with a period of 250 on a day graph as well as MA with 350 day period have turned around and are now ramping up, which is a clear sign of further vigorous EUR/USD rebound.
According to Ichimoku indicators investors should refrain from being bearish as Tenkan Sen is higher than Kijun Sen withing 4-hours’- and day-timeframe, its graphs and the price graph are higher than the “cloud”, that is the foundation of the Ichimoku Kinko Hyo charting system. The Senkou span is another one of the time-shifted lines that are unique to Ichimoku, in this case, it is also shifted forwards.
Therefore traders and investors should be bullish after the EU Central Bank puts into practice its currency exchange rate equalizing.
Good luck to everyone.
Can I keep my deposit in your company in the euro?
Dear taioda,Quote:
Originally Posted by taioda
All the accounts in our company are nominated in USD.
taioda, though all our accounts are dollar ones, you can do the following thing: you can open a new electronic purse in euro and deposit into your LiteForex trading account via your euro purse - the currencies will be converted, which would allow you, we may say, "euro account"
Can I use any EA to run 24/5 using LiteForex?
Dear taioda, when you trade it's your choice which "tools" you use, but please pay attention to the fact that these "tools" should not break the terms of the Agreement you accepted when started trading
The problem with some people and some professional Technical Analyst today ( being a Technical Analyst myself follower) is that they use the Technical studies as if, it were the \"Holy Grail\" of trading & their pathway to the millions. Though real traders do need to use any analysis at all - just monitor the market and respond faster than the vast majority does
taioda, you can choose either strategy of many. I think your idea is quite reasonable
Does your company as soon as any promotions?
Dear Vertex123,Quote:
Originally Posted by Vertex123
Yes, there are a number of such things in our company. For example this one: 'LiteForex gives out $1000 into the safe hands'. You can find more detais on how to get $1000 on our website.
eur/usd, wekly schedule.
Trend upwards. Price above the clouds Ishimoku, Tenkan above Kijun, Chinkou span higher prices. In the situation, selling might be dangerous and unprofitable, better to buy on price rollbacks.
Price rose next, a rather strong resistance line, which was a support line since January 2002. The first test breaking this line a couple of weeks ago was not successful, the price pushed off and jumped back a little. V now formed a triangle, a breakthrough line of the triangle in which either side will determine the future direction of this pair.
In addition (based on different sources):
It seems nowadays hopes of many analysts who in 2008 claimed China will be the first to surmount the world financial crisis come true. The export squeeze was to a considerable degree made up by an artificial increase in public and government spending.
Chinese government stimulus program of amount no less than total 585 bln. dollars favored some economic recovery - in the first quarter 2009 the official GDP rose by 6,1 per cent.
Domestic demand also showed some significant signs of increase. These have been achieved using two major methods: direct government investment and sponsored bank loans, particularly public loans. Investors also turned their heads to China: Chinese major indices performed sharp growth as well. Capital inflow caused increase in gold and foreign currency reserves to highest level of 2,132 billion dollars.
But current Chinese economic revival has some specific features engendering serious doubts in its quality, that in time another collapse will replace the upturn. It is reported that meanwhile GDP rises; the country faces shortage in electricity consumption. When economy performs GDP increase and at the same time electricity consumption decline, that implies dramatic changes in economy structure at the expense of restoring or changing to less-consuming economy sectors.
In fact, it is plain to see that there is slightly any “real” recovery started in 2008. Nowadays foreign demand is being replaced with domestic demand forced by the government – GDP does not leave out of account governmental spending, i.e. investments that will barely ever repaid.
The upcoming forced by cash pumping economic boom also seems to be groundless. Consumption increases owing to great mass loans, which of itself means growth encouraged by preferential loan government program. Tremendous boom might soon become a dramatic downfall.
Another USD's rival -GBP. Recovery in the UKhas shimmered on the horizon but turned out to be a mirage yet, though the output stabilised and consumer prices grew, labour market turnaround from unemployment. But that was the effect of governmental spending program, which now endangers the inflation rate and the exchange rate of the pound, however the situation may turn bad in case the UK government stops the program, which it is unwilling to do, so there are some expectations concerning the rise of GBP in the near future
It is not new that Bernanke's claims, the head of the USA Fed, contribute much, sometimes too much, to market activity. It was him who forced currencies’ exchange rate to skip here and there yesterday. The data published the day before has been completely ignored by the market, however, has only the head of the Fed declared that he will try to keep strong dollar, it has caused splash in the market and a wave of demand for the US currency. Nevertheless, the enthusiasm has quickly run low once traders have summed “2 and 2”. After Bernanke’s statement concerning strong dollar, he has also mentioned by chance, that the US economy is still weak, and that interest rates will be low for a long enough time. And how under such circumstances is he going to keep dollar growth? After that traders have very quickly made the currency fall down to day’s minimum. The representative of the Fed Fisher has also put the fat in the fire saying dollar devaluation is going “gradually”.
As for the economic outlook, it hardly had encouraging features. In October the volume of retails in the USA has shown some growth owing to increased demand for US cars, which has surpassed forecasts of analysts. Growth by 1,4 % has followed the decrease by 2,3 % last month (reconsidered from initial-1,5 %). Nevertheless, the sales volume excluding cars hasn’t shown dramatic increase. In November manufacturing industry of New York has also shown growth, though not so strong, as last month. The index of industrial activity of New York has reflected downfall to mark 23,5 from last month’s maximum 34,6.
The euro had to give up what it gained on Monday, and all thanks to head of ECB having mentioned again how the strong dollar is necessary for all the world economy. He claimed that all international community is interested in strong dollar, and admitted that thereupon the statement of Bernanke concerning strong dollar was “very important”, he also added that he had thoroughly studied Bernanke’s statement. At the same time The ECB head called current interest rates in Europe proper, but he also promised that slowly non-standard economy support measures would be reduced. It means that the Central Bank will probably call back the anti-crisis policy not as soon as many have expected. Yesterday the only published economic outlook shown that the balance sheet grew by 6,8 billion euro against 2,2 billion euro in August, due to sharp export increase (5,5%) outstripping import (by 1,1%). It means that besides internal demand the region also met external demand which helps to stimulate activity in industrial sector.
Thus euro is likely to change depending on comments of official representatives and moods in the markets.
The dollar managed to become stronger during the yesterday's trades in spite of the fact that the markets yet cannot come to a common opinion concerning the destiny of the currency. Undoubtedly, officials (on Monday - Bernanke, yesterday - Trishe) tried to carry out “verbal intervention” to the market stating, how the strong dollar is necessary for all of us, however at the same time economic indicators show the stabilisation of the American economy have slowed down, and it means that the Fed will not rush up to a “toughening mode”.
According to current data, PPI has grown only by 0,3% against 0,6% in September. Without products and fuel, the so-called net prices have dramatically fallen by 0,6%, having constrained five-years minimum gain. Thus, we can see that inflation is not the prime problem of the Fed. Another survey has shown that foreign investors have purchased American long-term securities for the total amount of $40.7 billion. In September external demand for US long-term financial assets has grown thanks to Japan, Great Britain and China. It means that all the fuss about diversification of currency reserves remain “fuss”. And, at last, the report on manufacturing sector has reflected weaker growth of volumes, than it was expected against business activity falling in auto******, demand for the business equipment has decreased.
Today all attention will be paid to consumer prices index. The indicator nowadays though has no such a great influence as it used to, still however experts take it into account. If CPI will exceed forecasts, it can skyrocket dollar in terms of interest rates. Price pressure can force the Fed switch to monetary toughening. Certainly, in order markets do really believe in high chances of increase of the index, it is vital the indicator performs sharp increase. Moreover, it is necessary to pay attention to real estate: the number of new buildings and building licences will reflect recent trends in the sphere. Analysts are sure that real estate market will soon much influence the stabilization of the economy.
Whether there will be a transition in your company transition to new trading platform МТ5 same unexpected how it was with a trading office?
In the first case we trued to notify company's clients befo*****d, however mass delivery unfortunately was a failure. When we switch to MT 5 all the traders will be advised of that in advance
And again we can see investors running from risky assets which has contributed much to dollar strengthening. Most likely, such dynamics is connected not with the American data, though with new rumors coming from China that the country may again face some problems, with danger coming out from real estate market.
Economic reports from the USA have brought some positive into markets. The quantity of cut-off seems to have reduced during the past month.
The index of economic activity estimated by Fed of Philadelphia, has grown in November and amounted at 16.7 against 11.5 in October. Growth of industrial activity has helped the USA to overcome the 1930-s recession and, most likely, will result in economic growth in the near future.
Today might be very boring: the only report on number of planned cut-offs will be published at 6 p.m. It can hardly cause any trouble in markets. Most likely, in the end of working week traders will be engaged in fixation of profit and preparation for week-ends. Dynamics of currency exchange rates will probably be quite predictable.
After weak attempt to break through euro started falling; the trend was continuous for all trading day. There is hardly anything surprising - the economic data has been poor enough, and those only published reports have not much affected markets. Some say that ECB will keep interest rate at the level of 1% up till the end of the year. However, such claims of European Central Bank’s representatives do not sound convincing.
The publications of the Italian outlook planned for today on industrial sector, most likely will enjoy no attention. However pay attention to Trishe’s announcement – though he is unlikely to say something new, still it can change moods for euro at the end of the working week.
I is such a picture on the hourly chart. I think that with a rising bottom line breakdown support and consolidate the lower direction of the course will be down. But also a chance to rebound from this line and the direction of the course up to the descending resistance line.
Last week was the second week when dollar ended up between 1.4965 and 1.4860. The US currency wasn’t able to make further upturn as last week economic data on US economy made investors avoid risks. This week is going to be another mystery: this Tuesday the US government is going to release new updated GPD data. According to some forecasts, these figures will be lowered by 0.4% and will make up to 3.1% against former 3.5%. If these forecasts turn out to be truth, we would be able to see some changes on Forex.
In this case one might wonder if it’s good or bad for dollar. Here the point is as follows: the former data released turned out to be higher than it had been expected at first (3%). On the verge of this encouraging piece of news stock market made up for past failures which in its turn did not do much good for dollar (that happened due to encouraging economic data, ‘cause investors thought they are safe from new wave of crisis and switched their attention to more risky assets). In this case GDP review will be lower than 3.5%, stock market on the other hand will face some downturn and the US currency will strengthen. Though the question here is about the level.
Last week’s Forex trading process shown some strengthening of the American dollar against the basic currencies. The main reason for dollar to start strengthening was the Fed’s policy concerning low interest rates. The Committee repeatedly declared that yet it does not consider any interest rate increase, and analysts expect growth of rates only in second half of 2010 after the same decision is made by European Central Bank. By the way, ECB already takes first steps towards toughening its policy. So, according to the Head of ECB Jean Claude Trishe, it will gradually call back measures aimed at stimulating business activity in the zone.
This week seems to be quite resilient. On Tuesday, November 24th, the USA is expected to release data concerning dynamics of gross national product for the 3 quarter 2009. Germany is also going to present GDP figures. Besides, this evening the USA is going to publish interesting enough statistics on an index of trust of consumers and a price index on real estate market.
At the same time ECB warns about dangerous dependence on cheap credits, pointing out that the first step towards liquidity reduction may soon be taken. Unlike the European colleagues, representatives of the Fed say that they would prefer to keep programs for asset buying stimulating. These differences in strategies does not seem to make much good for the USA.
The beginning of a new trading week shown volatility of major currencies though without special breaks in spite of the fact that the economic data from the USA was not that encouraging (reviewed GDP made up for 2.8% instead of forecasted 3.5%). According to the data released by National association of realtors (NAR), in October the indicator of sales on the secondary market exceeded forecasts and has flied up to the maximum value since February 2007 (6.10 million against 5.54 million). However, in many respects this growth has been forced by tax benefits given by the government, which have involved the raised number of buyers ******d to buy houses before the expiration date (the end of November). As the Congress has terms of granting tax benefits till April, it is reasonable to expect further growth of housing indicators in next months. This week housing sector will see some new valuable data – pay attention. If indicators show positive trends, it can encourage the market and convince investors that economy stabilisation has indeed begun.
What are your plans for today? What do you think, Michael, the level of 1.51 today, get it?