Thread: Liteforex - take your first step to financial freedom

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.

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?

LiteForex: a fresh look at the intraday trading

The LiteForex group of companies presents to its clients a new set of trading instruments designed for intraday trading. The first achievement in this area is the IntraDay Eye indicator released in February 2010. This indicator allows trader to get a precise estimate of the current market situation in the shortest time.

For more than a year the LiteForex group of companies clients have been using the latest practical groundworks in the field of MQL language for improving their trading systems. An exclusive set of software products being actively used by the company clients consists of about twenty different instruments (indicators, advisors and expert advisors) developed for Forex trading with the help of Metatrader 4. In February 2010 the set of instruments will be modified and added taking into the consideration the requirements of intraday trading.
According to Sergey Khravchuk, an instruments designer, he is planning to “develop new instruments and modify old ones exactly for this trading style. Every indicator, script and expert advisor will be aimed to optimize each single function which an intraday trader uses all the time (from current situation analysis to pending orders ****ution)”.
All the instruments will be published in the traders’ forum of the LiteForex company in the ForexTools section (http://forum.liteforex.org/). The thread is dedicated to the set of trader’s instruments developed by Sergey Khravchuk.
The IntraDay Eye indicator is the first step towards the intraday trading efficiency growth. The IntraDay Eye is intended for marking out the trading sessions on the chart and showing news schedule, that is automatically downloaded from the internet with the special IntraDay EventsLoader script. News is displayed in such a way that a trader has an opportunity not only to read the news and correlate it with the particular moment but also visually watch its approach. There are several ways of displaying trading sessions, each way suits best for a certain type of tasks. The visualization of beginning and end of a trading session allows you to estimate the time slot with the most active trades at first sight and to clearly view the price dynamics during the session. Moreover the graphic representation itself allows to determinate easily the influence of the trading session results on each other.
According to the instruments developer he has “a creation of a special indicator for displaying tick and real chart trades volumes of present and past and a serious of statistical indicators” in his future plans.
“Such a great attention to the features of intraday trading can be explained by its popularity, ” – Aleksey Smirnov, the president of the LiteForex group of companies comments. – “A considerable amount of traders working with the LiteForex group of companies prefer exactly the intraday trading intending to trade as much efficient as possible on minute and hours periods. The IntraDay Eye is the first instrument in the list of necessary one for intraday trader. The importance of the indicator is identified by the need of trading sessions information and economical news to be provided to trader”.
The new IntraDay Eye Indicator along with other ForexTools software products is available for testing on demo account of the company.
To obtain the possibility to use the indicator in real trade a participant needs to receive a personal license for product usage on a real account. For LiteForex clients it’s absolutely free to obtain this license and it’s a completely simplified process.
Though all the information is yet in Russian our English speaking clients can also obtain this kind of service.
On our forum branch (http://forum.liteforex.org/showthread.php?t=48) you can ask our programmer a question or place an order for a license specifying:
1)Number of your trading account;
2)Type of your trading account (Lite or Real);
3)Chosen component(s) of the package (the one you need a license for)
For those traders who are not LiteForex clients there is also a way to obtain the license for fee on a developer’s website http://forextools.com.ua.

Guys, I always wanted to ask, why do companies such as yours always have offshore registration? Any problem with law in normal countries?

Originally Posted by Andrea Johnson

Guys, I always wanted to ask, why do companies such as yours always have offshore registration? Any problem with law in normal countries?

Another option is that they have to pay allot less tax, but most of the times it is the first one.

Originally Posted by Andrea Johnson

Guys, I always wanted to ask, why do companies such as yours always have offshore registration? Any problem with law in normal countries?

Originally Posted by Chunnel

Another option is that they have to pay allot less tax, but most of the times it is the first one.

Dear Andrea,
There is no problem with law. Brokers willingly register in offshore financial centers because of tax optimization. Like any other company we want to minimize taxpaying. Nothing illegal. This is a common practice when financial companies (as well as companies of any other sort) go offshore.