Thread: Liteforex - take your first step to financial freedom

On Tuesday, December 1st, Forex market again shows growth of the European currency against dollar. The heated debates on Dubai World problem gradually ended, and though negative influence still remains, risky currencies are in demand again thanks to increase of liquidity which ECB and other banks continue to pump up in the markets. Nevertheless, experts consider this dynamics quite sceptically. In general, the macroeconomic image remains the same. Only some sectors of economy show growth, however it is caused by the governmental support, there are no real investments in the economy. At the same time, fears concerning next steps of policymakers towards current monetary policy. It is quite probable, that the situation with Dubai Worlds can occur once again, and that in the future some other company will request for financial help in order to settle of multi-billion debts.
Meanwhile, macroeconomic data came out, in general, according to expectations. The reserve Bank of Australia has raised interest rate to 3.75%. Volumes of retails in Germany have shown planned growth by 0.5 %. The Rate of unemployment in the Eurozone in October has risen to 9.8%. It is likely, that current ascending dynamics of euro will remain up to Thursday when the next portion of the important data among which gross national product gain in the Eurozone for 3 quarter 2009, unemployment in the USA.

European stock platform finished the first day of winter increases on 1,5-2%. Novelty "number one" was the improvement in public funds Dubai World, which began negotiations with creditors. Statistics also did not disappoint. For example, China has a dynamic industrial growth. Investors are now waiting for an increase in demand for commodities, so the price of oil went up. In London, the cost of a barrel of oil Brent went up to $ 79. Not lag behind and gold, which met in December a new record - $ 1200 per troy ounce. A very American currency - in free fall: Euro entrenched above the 1.51 dollar mark.

November 15th and 16th, 2009 - the international exhibition ShowFxAsia took place in Kuala Lumpur (Malaysia), LiteForex Group became a ShowFxAsia Award winner.
The geographical factor was a determinant when has been made a decision to participate in the exhibition because more than 30% of all traders who always work with LiteForex Group are Malaysian residents. “Direct contacts with clients” was one of the key objectives of the presence of LiteForex Group in ShowFxAsia in Kuala Lumpur.

“Preparing for the exhibition, we expected to get assessments of our services and our work with clients because it is impossible to choose the right direction of our further development without such assessments”, said Yuriy Voloshin, CEO of “Trend Line” Ltd., representing LiteForex in Russia. “This objective was completely achieved: we got the necessary information from our real and would-be clients for the further correction of the group of companies’ activity. In addition, the good assessments of services and work of LiteForex Group from the Malaysian traders who collaborate with us were as a peculiar pleasant bonus.”

During the two days of ShowFxAsia in the pavilion of LiteForex Group it was possible not only to get to know trading conditions, the presence of representatives in Malaysia, the advantages, the account types but also to get all information about the support team. The group of companies’ managers also represented the services of opening a trading account and the instant deposit into it in real time. This presentation was in popular demand especially on the second day of exhibition. According to LiteForex Group specialists, “the most part of clients who opened the accounts on the second day of the exhibition did it following their friends’ advice, people who have already worked with the LiteForex group of companies”. According to the promotion “Open a trading account right now!” which was organized on the exhibition, 10 USD were deposited into each opened trading account for every new client to begin trading.

The clients who opened trading accounts during the exhibition also received the set of *****-name gifts which contained umbrellas, flesh cards, T-shirts, pens and calendars. The bonus-cards of different value ($500, $200, $100, $50, $30 and $10) were much in demand among the exhibition visitors and these cards also were the exclusive gifts from LiteForex Group.
“During the two days of exhibition the visitors could become participants of hourly lottery, raffling gifts presented by the companies-participants of the exhibition”, Yuriy Voloshin added. “The bonus amounts equal to $500 charged to trading accounts were drawn on behalf of our company”.

About the company:
Straighthold Investment Group, Inc. is presented by the well known LiteForex trade mark and thus is a part of the LiteForex group of companies. Placing financial assets on Forex, foreign exchange market, on world Stock Markets, on precious metals and Futures markets as well as providing brokerage services are among the basic activities of the LiteForex group of companies.
LiteForex company website – www.liteforex.org

European finance ministers meeting in Brussels the European Commission approved proposals to create new bodies to monitor the activities of banks. Decisions in these organizations will be taken by simple majority.
The idea to tighten the supervision and control over the banks came after the bankruptcy of Lehman Brothers and American broke then the crisis. But a compromise was not easy: Britain was opposed to the project, fearing that excessive regulation by the EU would go against the interests of individual countries of the Union. Before the meeting "Ecofin" British Finance Minister Alistair Darling urged his colleagues not to get involved in the regulation, so as not to cause damage to London, the financial center of the European Union. Darling recalled that in Europe only London can equal konkuririrovat to New York in this field.

I wonder how it will react to the currency. Apparently dissatisfied with the finance ministers of the monetary policy pursued by banks.

On December the 2nd, 2009 Forex market once again shown an ascending trend of the european currency. Demand for risky assets has increased again, after Dubai World problem was settled. In particular, the conglomerate has decided to conduct re-structuring of its assets having a total debt equal to 26 bln. dollars. Euro was also supported by quite good macroeconomic data which was published on Tuesday, December the 1st. Thus, in October volumes of retails in Germany in demonstrated growth by 0.5% monthly. Business activity index increased as well in November compared to that in October.
Thus, as a whole, the macroeconomic situation remains substantial mostly owing to government support. Nevertheless, there were some serious problems. The situation on a labour market remains extremely intense, both in the USA, and in Europe. There are also not enough investments into real economy, and growth of the markets which has taken place recently, is purely speculative and does not reflect proper economic recovery.
December 2nd Forex trades shown quiet dynamics, changes in EUR/USD are insignificant.
December 3rd promises to add activity to dynamics of the trades. Today Eurozone GDP for 3 quarter 2009 will be published, which can put some pressure on dollar.
According to the recent data, ADP unemployment in November in the USA numbered 169,000 against forecasted 150,000 which can seriously damage the influence of other data from USA, if so, dollar might soon enjoy slight recovery. However, it is necessary to pay attention to the EU also.

OMG, eur is 1.5100 now. how long must i wait for it to go down? why have I got myself into this? this game is not for me, i wanna quit. who knows what i must do now - buy or wait?

Originally Posted by Irochka19

OMG, eur is 1.5100 now. how long must i wait for it to go down? why have I got myself into this? this game is not for me, i wanna quit. who knows what i must do now - buy or wait?

Dear Irochka19,
You must understand that trading involves risk of loss and may not be suitable for some persons. To be a success in any field demands learning and hard work. I suggest you stop trading and get some preparation work done.
As for your current situation if I were you I would close this trade and consider this few hundred dollars that you lost as your payment for future success. Because now your so-called trading is very close to lottery.

Irochka19, how can you still be waiting if you did not want your order to proceed? if you're so disappointed about, just close the position
or wait till dollar goes up - it must happen some time, after all =))

On December 3rd, Forex market again shows advantage of the european currency over dollar. Yet today investors buy euro owing to yesterdays “thin” trades and awaiting some economic data to be published. Some publications are already issued and, as a whole, it met analysts’ expectations. The EU GDP for 3 quarter 2009 has shown growth by 0.4% quarterly, confirming former dynamics. Retails also have demonstrated growth, nevertheless, the figures were a little bit worse than expectations. Indexes of activity in the Eurozone, Germany and the Great Britain have shown insignificant decrease.
Anyway, the euro/dollar pair continues the ascension and has managed again to hit 1,510. Second half of Thursday is also rich in macroeconomic indicators. In a few hours the ECB will announce its decision concerning interest rate. Investors are assured, that EU interest rate will remain the same, viz. 1.00%, however, as usual, forthcoming comments by Trishe will have more impact on international markets. Along with that this evening Ben Bernanke of the Fed US will announce further US monetary policy measures.

Analytical department of the company LiteForex.
Euro and U.S. dollar today traded in a narrow corridor, the players are waiting for the Friday statistics


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.