Thread: Liteforex - take your first step to financial freedom

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?

Originally Posted by Vertex123

Does your company as soon as any promotions?

Dear 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.