Forex Broker List , Micro And Mini forex account

FXopen Forex Broker

2008-08-15T21:03:00.000-07:00

FXOpen is a financial services company specialized in providing traders with high quality online trading services. FXOpen provide opportunity for individuals and private companies to trade on financial markets under equal conditions like traders operating in traditionally closed financial centers and institutions. Fxopen.com - Offers you FXOpen currency trading service that includes professional services in free streaming forex, forex broker, online forex trading, forex exchange, mini forex, mini forex trading platform

As FXOpen customer, you can select from a full menu of professional services that have been specifically designed to meet your trading needs, including:

Spread from 2 pips
Credit leverage from 1:1 to 1:500
Micro accounts from 1$
Standard accounts from 25$
A wide range of financial tools
Trading terminal MetaTrader 4
Islamic accounts
Instant Execution — Quotation system
100$ bonus for standard accounts
Online support 24/5
Account opening within 5 minutes from any part of the world!

Deposit/Withdrawal Method:
E-gold, Wire Transfer, Cash U, WebMoney, E-bullion, Liberty Reserve, C-gold, Altergold

Software Trading Platform :
Meta Trader 4

FxOpen Bonuses:

Get 100$ after making 10 lots accumulative trades.

To get this bonus you need to open a Real Money account and make 10 lots accumulative trades.

Example:
You have opened 0.5 lot sell EUR/USD, than 0.3 lot buy USD/JPY, than 1.2 lot buy GBP/USD. Total accumulative size is 0.5+0.3+1.2=2 lots. When you will make 10 lots 100$ bonus will be added to your account.

Open new Standard account and receive 25$ as a bonus.

Standard account minimum trading volume is 0.1 lot (10000 points of base currency) and maximum trading volume is 1000 lot per 1 trade. 1 pip with 1 standard lot trade is equal to 10USD approximately.

Open new Micro account and receive 1$ as a bonus.

Micro account minimum trading volume is 0.1 micro lot (100 points of base currency) and maximum trading volume is 1000 micro lots per 1 trade. 1 pip with 1 micro lot trade is equal to 10 cents approximately. Balance on Micro accounts is indicated in cents.

InstaForex Broker

2008-08-13T10:46:00.000-07:00

InstaForex.com belongs to the InstaTrade Corporation, which has been providing online-trading services to customers all over the world since 2007. Today our clients are citizens of more than 50 countries most of which are in Europe and Asia. Hundreds of traders, who invest funds in currency and stock markets, open accounts at InstaForex.com daily.

Insta.Standard Trading Accounts
These types of accounts are relevant for standard trading terms on the Forex market, and work without a fee. Once the trader accesses all trading tools, he pays a fixed spread, when settling each deal.
Insta.Standard accounts work for all types of traders and allows a deal to be settled with a classical spread and no fee. The main advantage of this type of account is its universality. Since a trader can, at any moment, change trading leverage and work with any deposit rate with which he/she is comfortable. The capabilities of the account allow trading with Micro Forex (minimum deposit 1-10 USD), Mini Forex (minimum deposit 100 USD), and Standard Forex (minimum deposit 1000 USD).

Insta.Eurica Trading Accounts
This account type requires no spread to be paid when opening a deal. All currency tools for Insta.Eurica accounts have zero spreads; that’s why the cost of a BID always equals the cost of an ASK. To open a deal, a trader pays a fixed fee, which equals 0.02 – 0.07% of the contract trading volume.
This type of account is recommended for new traders, because when deferred order, no account spread is necessary. With a total absence of spreads, all deferred orders are carried out the moment their cost reaches the chart value. Before installing GTC orders and going into the market, you don’t need to calculate the spread’s influence on the position result, and this makes using technical analysis highly effective.
Insta.Eurica accounts allow new traders to quickly get the hang of the market, using a clearer deal- processing system. This type of account can be actively used by professional traders as well, since its trading characteristics are the same as the Insta.Standard account type.

Deposit/Withdrawal Method:
Visa/Mastercard, Wire Transfer, Paypal, Moneybooker, Liberty Reserve, Webmoney, E-bullion, RBK transfer

Software Trading Platform :
Meta Trader 4

FXDD Forex Broker

2008-08-02T01:02:00.000-07:00

FXDD offers the retail trader/investor, corporation, money manager and hedge fund a complete e-commerce solution for trading margined foreign currency in the interbank market.

FXDD provides real-time margin monitoring capability in our unique, easy-to-read format. We believe that our clients need to know exactly where they stand in real time so that educated trading decisions and expert trade selection can be accomplished.

FXDD can be privately labeled via our White Label Program. Whether you source our liquidity or use our state-of-the-art-technology, FXDD can customize a program that is right for you.

Join the rapidly growing list of traders and money managers who have discovered the advantages of foreign exchange trading for their clients and individual trading portfolios. We are certain that after you learn more about our products, our services, and try our full-featured demo, you will decide that FXDD is the foreign exchange execution platform for you.

	Tight dealing spreads* - 2 pips in EUR/USD
	Instant one-click execution
	Free trading tools & top-rated news
	Liquidity from leading global banks

Deposit/Withdrawal Method:
Wire Transfer, Paypal

Software Trading Platform :
Meta Trader 4

TrendFx Forex Broker

2008-07-21T01:19:00.000-07:00

Univell Ltd ("TrendFX") was registered on July 31, 2007 on the British Virgin Islands (BVI), whose legislation is based on the English common law, which guarantees legal remedy to the investor. The registration of the Company in the offshore jurisdiction has a number of important advantages and allows it to be more dynamic when meeting the needs of its clients

• Instant account opening;
• New! Public Quotations;
• MetaTrader 4 forex trading Platform;
• Instant Account Deposit;
• Various deposit / withdrawal methods;
• No fees on Forex;
• No initial deposit requirements;
• Fixed spread from 2 points;
• 41 currency pairs + gold and silver contracts;
• Minimal lot 0.01 with step 0.01;
• Forex market Watch technology;
• No requotes;
• Highly safe information exchange;
• Virtual currency trading;

TrendFx Promotions:
Get $5 free after completing survey

Deposit/Withdrawal Method:
E-gold, Wire Transfer, WebMoney,Liberty Reserve

Software Trading Platform :
Meta Trader 4

AVAFx Forex Broker

2008-06-27T21:49:00.000-07:00

Ava FX is dedicated to providing the FX trader with an online FX platform with no compromise on integrity and fairness. Our state-of-the-art FX trading platform AvaTrader, is easy enough to be used by novice traders and yet it provides even the most sophisticated trader with all the necessary tools.

We offer all our traders personal service, ensuring that their trading experience is efficient and hassle free. We know what you need and are ready to serve you. You can begin by trying our free demo with a $100,000 practice account. Look at our resources, read our daily commentaries, sign up for a real account and then start trading.

Ava FX is backed by a large financial institution, which manages over $16 billion in assets. We value your trust and spare no efforts in assuring that your funds are safe and secure with us.

Fixed spreads
FREE advanced trading tools
Dozens of currency pairs and Metals
Daily Exclusive Institutional analysis
24-Hour trading and support
Trade immediately by Credit Card,
PayPal, WebMoney or Money Gram
Start trading with as little as $100
200:1 leverage*
No commissions or fees**
Euro or US Dollar account

AVAFx Promotions:

Account Type Initial Deposit Minimum FREE Cash Amount
Silver $/€100 $/€50
Gold $/€1,000 $/€100-$/€1000*
Platinum $/€10,000 $/€1200

Deposit/Withdrawal Method:
Wire Transfer, WebMoney, Paypal, Moneybookers, Neteller, Visa Credit Cards, MoneyGrams

Software Trading Platform :
AVAFx Trading Platform

U.S. Stocks Down, Pushing Dow Average to Brink of Bear Market

2008-06-27T21:26:00.000-07:00

June 27 (Bloomberg) -- U.S. stocks fell a second day, pushing the Dow Jones Industrial Average to the brink of a bear market, on concern subprime-related writedowns at banks will worsen and record oil and a slowing economy will prolong the worst profit decline since 2002.

The Dow extended its retreat from an all-time high in October to almost 20 percent, the threshold for a so-called bear market. American International Group Inc. and Merrill Lynch & Co. sent the Standard & Poor's 500 Financials Index to a five-year low on speculation of mounting losses. Hasbro Inc. and KB Home helped lead consumer stocks in the S&P 500 to the lowest level since 2003 as oil topped $142 a barrel.

The Dow average lost 106.91 points, or 0.9 percent, to 11,346.51, leaving it within 0.1 percent of a bear market. The 30-stock measure fell 10 percent this month for the worst June since 1930. The S&P 500 slid 4.77, or 0.4 percent, to 1,278.38 today. The Nasdaq Composite Index slipped 5.74, or 0.3 percent, to 2,315.63. Eight stocks declined for every five that rose on the New York Stock Exchange.

``The news on earnings is that the second quarter is probably going to be worse than we thought,'' said Ron Sweet, vice president of equity investments at USAA Investment Management Co., which oversees $100 billion in San Antonio. ``The old news keeps sticking around: it's energy prices, it's writeoffs at banks, it's the slow economy.''

The S&P 500 slumped 3 percent this week, the Dow slid 4.2 percent and the Nasdaq tumbled 3.8 percent. The S&P 500's 8.7 percent decline in June is the worst monthly performance since the 11 percent plunge in September 2002.

Earnings Slump

Analysts forecast earnings for companies in the S&P 500 will slump 11 percent on average, according to a Bloomberg survey today, compared with a projected decline of 8.9 percent a week ago. Goldman Sachs Group Inc. strategist David Kostin said in a report today that expectations for 2008 and 2009 profits are ``too optimistic'' and are likely to be reduced.

AIG decreased 34 cents to an 11-year low of $27.75. The world's biggest insurer plans to absorb losses for a dozen insurance units after their securities-lending accounts suffered $13 billion of writedowns tied to the subprime-mortgage collapse.

Merrill fell 35 cents to $32.70, the lowest price since March 2003. Lehman Brothers Holdings Inc. analyst Roger Freeman increased his second-quarter loss estimate on expectations subprime-related writedowns will be more than twice as big as previously projected.

`Tenuous Situation'

MBIA Inc. lost 22 cents to a 20-year low of $4.17. The world's largest bond insurer faces a ``tenuous situation'' as it seeks to cover payments and collateral calls on $7.4 billion of securities triggered by a credit-rating downgrade, Fitch Ratings analyst Thomas Abruzzo said.

MBIA may need to tap assets pledged to back other commitments as it comes up with the money, potentially opening the company up for further downgrades, said Abruzzo, who yesterday withdrew his rating on MBIA and Ambac Financial Group Inc. after the companies refused to give him information.

Ambac slid 19 cents to $1.61, a record low.

The S&P 500 Consumer Discretionary Index lost 0.7 percent, falling to the lowest since October 2003, after crude oil gained as much as 2.4 percent to $142.99 a barrel. Hasbro, the world's second-largest toymaker, lost $1.60 to $35.14.

KB Home, the homebuilder founded by Eli Broad, slumped 41 cents to $17.72. The company reported its fifth straight quarterly loss as rising mortgage rates and falling prices reduced demand for homes.

Worst Ahead?

Homebuilders in S&P indexes lost 1 percent as a group. Lennar Corp. fell 72 cents to $12.62, the lowest price since September 2000. The second-largest builder said yesterday that the housing market has yet to see the worst of the slump.

Micron Technology Inc. retreated the most since October 2006, falling 89 cents, or 13 percent, to $6.10. The largest U.S. producer of memory chips reported a wider third-quarter loss on weaker pricing for semiconductors used to store pictures and music in portable devices.

``June has been difficult,'' Matthieu Bordeaux-Groult, who helps oversee about $6.2 billion as fund manager at Richelieu Finance in Paris, said in a Bloomberg Television interview. ``There are a lot of negative elements in the market such as high raw materials prices, but valuations are low and offer buying opportunities.''

The S&P 500 gained as much as 0.5 percent earlier after U.S. consumer spending rose 0.8 percent in May, exceeding forecasts. Tax rebates drove the biggest gain in incomes in almost three years, enabling households to at least temporarily overcome soaring fuel bills.

Bristol-Myers Squibb Co. climbed the most since May 1, rising 63 cents, or 3.2 percent, to $20.30. The drugmaker selling a unit for $4.1 billion to finance acquisitions may itself be a takeover target, Sanford C. Bernstein & Co. analyst Timothy Anderson said.

FX Direct Forex broker

2008-06-09T00:42:00.000-07:00

FX direct S.A. has been the leading on-line broker since 2003 which provides high-class services and a whole complex of solutions to corporate and private customers for successful trading on the FOREX market.

Up-to-date operations used by FX direct S.A. allow the investors to get immediate access to the foreign exchange market with the help of the trading platforms at any time and in any part of the world.

FX direct S.A. offers 24-hour on-line trade on the FOREX market through Internet or through a phone desk.

Minimum deposit from 1 USD
Leverage up to 1:400
No commission in all transactions
Spread from 2 pip
Spread from 0 pip (Institutional customers)
Automated dealing

Deposit/Withdrawal Method:
E-gold, Wire Transfer, WebMoney, e-Bullion, Liberty Reserve, CG pay

Software Trading Platform :
Meta Trader 4

Dollar weaken after Nonfarms Report

2008-06-06T11:29:00.000-07:00

The U.S. dollar was trending lower against majors as the country's unemployment report revealed another decrease in payrolls for May.

U.S. nonfarm payrolls declined for the fifth straight month, falling by a total of 49k jobs, according to the Bureau of Labor Statistics on Friday. The real story was that the unemployment rate soared up five-tenths to 5.5% in the month, the highest rate since 2004 and the biggest monthly jump since 1986.

"Bonds rallied and the [U.S.] dollar sold off on the release of a 49,000 decline in May payroll employment," confirmed Handelsbanken FX strategist Steven Ricchiuto in an e-mail to clients. "These data points imply a weak May personal income report and a modest set back in industrial production. These data points imply a weak May personal income report and a modest set back in industrial production."

The U.S. dollar was up 0.01 to 105.95 against the yen and up 0.0019 to 1.0198 against the Canadian dollar, but off session highs in both cases. The euro was up 0.0066 to 1.5659 while the pound sterling was up 0.0014 to 1.9598, both against the U.S. dollar. The Australian dollar was up 0.0008 to 0.9595 against the greenback.

The USD and Canadian dollar were experiencing a session of choppy trading as the Canadian employment report came out on Friday as well, reporting a jump in part-time employment, which provided Canada with a net gain of 8,400 jobs in May. Canada's unemployment rate stayed steady at 6.1%

"USD/CAD generated an overnight pullback to 1.0163 before market reaction to the Canadian employment data caused a return above 1.0200," wrote RBC Capital Markets chief technical analyst George Davis. "With the hourly studies finally moving from overbought to more neutral levels, support at 1.0177 and 1.0126 is expected to attract short-term buying interest for a test of initial resistance at 1.0238".

USD/JPY 0.01 to 105.95.
EUR/USD up 0.0066 to 1.5659.
GBP/USD up 0.0014 to 1.9598.
USD/CAD up 0.0019 to 1.0198.
AUD/USD up 0.0008 to 0.9595.

Forex Signal, Is it Good?

2008-06-06T11:28:00.000-07:00

What are Forex signals? Forex signals are paid services offered by some brokers and independent Forex annalists. Companies that offer forex signals monitor and analyze the market for you, providing you with their data via desktop alerts, email or even SMS and pager alerts.

Forex signal services analyze several factors when preparing their data. They do a technical analysis of market conditions and use a combination of indicators to identify trends and isolate profitable entry and exit points. They then send you the results via the venue of your choice and you can choose to use the signal in your own trading, or pass on it.

Most forex signal services offer signals for only a handful of the most popular currency pairs, such as EUR/USD, USD/JPY, GBP/USD, USD/CHF. Occasionally, you can find specialty services that offer signals for other lesser traded pairs. Forex signals can be costly, even upwards of $100 / mth. The benefit of subscribing to such a service is that they analyze and crunch the data for you, saving you time. It should be noted, however that using a signal service is no substitute for a proper education in the Forex markets. Signal services give you data, you still need to know what to do with it.

When shopping for a signal service, make sure that they provide you with historical data so that you can see their track record for yourself. Remember, that like any trader, Forex signal services also have loosing trades. You shouldn't expect a signal service to be a sure ticket to instant Forex wealth, but rather look at them as another tool in your trading toolbox.

Heiken Ashi System On Forex

2008-05-30T21:16:00.000-07:00

Heiken Ashi Is A type of candlestick chart that shares many characteristics with standard candlestick charts, but differs because of the values used to create each bar. Instead of using the open-high-low-close (OHLC) bars like standard candlestick charts, the Heikin-Ashi technique uses a modified formula:

Close = (Open+High+Low+Close)/4
Open = [Open (previous bar) + Close (previous bar)]/2
High = Max (High,Open,Close)
Low = Min (Low,Open, Close)

The Heikin-Ashi technique is used by technical traders to identify a given trend more easily. Hollow candles with no lower shadows are used to signal a strong uptrend, while filled candles with no higher shadow are used to identify a strong downtrend.

This technique should be used in combination with standard candlestick charts or other indicators to provide a technical trader the information needed to make a profitable trade.

U.S. Economy: Consumer Spending Gains Slowed in April

2008-05-30T21:08:00.000-07:00

May 30 (Bloomberg) -- U.S. personal spending slowed in April after record fuel costs, a slump in home values and a deteriorating job market eroded consumer confidence.

The 0.2 percent gain in spending followed a 0.4 percent increase in March, the Commerce Department said today in Washington. Incomes grew 0.2 percent, bolstered in part by the government's tax rebates. Separate reports showed business activity dropped for a fourth month in May and consumer sentiment decreased to the lowest level since 1980.

Retailing stocks slumped after the figures reinforced forecasts for spending growth to slow this quarter to the weakest pace since 1991. J.Crew Group Inc., the casual-clothing retailer, reduced its earnings forecast late yesterday, citing a nationwide drop in the number of shoppers visiting its stores.

``Consumers are spending cautiously,'' said Michael Moran, chief economist at Daiwa Securities America Inc. in New York, who correctly forecast the gain in spending. ``The economy is in a grey area between recession and slow growth.''

Treasuries rallied, sending benchmark 10-year note yields down to 4.03 percent at 11:28 a.m. in New York, from 4.08 percent late yesterday. The Standard & Poor's 500 retailing index dropped 0.6 percent to 402.05.

The Federal Reserve's preferred measure of inflation, which excludes food and fuel costs, slowed in April, today's Commerce report showed. The gauge rose 0.1 percent, compared with a 0.2 percent increase the previous month.

Fed Policy

Investors are convinced central bankers will keep the benchmark interest rate unchanged at 2 percent when they meet next month. The odds of no change rose to 100 percent today from 98 percent yesterday and 90 percent a week ago.

The Reuters/University of Michigan final index of consumer sentiment decreased to 59.8, the lowest level since June 1980, from 62.6 in April. The measure averaged 85.6 in 2007.

Deteriorating confidence indicates that government tax rebates may only provide a temporary boost to economic growth in coming months. Economists forecast consumer spending gains will slow to a 0.5 percent annual pace this quarter, the weakest since 1991, from a 1 percent pace in the first three months of the year.

``Consumers are really very downbeat,'' Richard Iley, senior economist at BNP Paribas SA in New York, said in an interview with Bloomberg Television.

Economists forecast spending would rise 0.2 percent, according to the median of 73 estimates in a Bloomberg News survey.

Incomes were forecast to rise 0.1 percent, according to the survey. The increase masked the first drop in employee compensation since April 2007.

Inflation Eases

The central bankers' preferred gauge of prices was up 2.1 percent from April 2007, matching the 12-month increase in March.

Adjusted for inflation, the figures used in calculated gross domestic product, spending was unchanged after a 0.1 percent gain the prior month, the report showed.

Disposable income, or the money left over after taxes, increased 0.2 percent, after increasing 0.3 percent the previous month.

The economy grew at a 0.9 percent annual rate in the first quarter, more than previously estimated, as the trade deficit shrank to a five-year low, revised Commerce figures showed yesterday. Consumer spending rose at a 1 percent pace last quarter, the smallest gain since the 2001 recession.

Trimming Budget

The surge in food and fuel expenses is causing Americans to become more budget conscious.

``People are probably wary of the economy, wary of food and gas prices being higher, and looking to economize,'' Stephen Holmes, chief executive officer of Wyndham Worldwide Corp., the franchiser of Ramada and Super 8 hotels, said in a Bloomberg Television interview last week.

Inflation-adjusted spending on durable goods, such as autos, furniture and other long-lasting items, dropped 0.2 percent after decreasing 1.3 percent. Purchases of non-durable goods fell 0.2 percent after increasing 0.5 percent.

Spending on services, which account for almost 60 percent of all outlays, increased 0.1 percent for the second month.

The government is counting on its economic stimulus initiative to revive growth. The Treasury last week said it sent $4.9 billion in tax rebates in the fourth week of the program, raising the total distributed so far to $45.7 billion.

Rebates Effect

The extra money may not bring much relief. Households will spend about $90 billion more this year on gasoline if fuel prices remain at current levels, according to a forecast by economists at Credit Suisse Holdings in New York. That will consume about 80 percent of the more than $110 billion in rebate checks being sent.

Tiffany & Co., the world's second-largest luxury-jewelry retailer, today forecast full-year earnings that may beat analysts' estimates on a surge in jewelry sales abroad and foreign-tourist spending in the U.S.

First-quarter sales at U.S. stores open at least 12 months were unchanged from a year earlier, with a 4 percent decline at its locations outside the main store in New York. Chief Executive Officer Michael Kowalski said in a statement that conditions were ``challenging'' in the U.S. and that he didn't expect an improvement until later this year.

Other companies, while seeing no indication of a rebound in spending, are also not seeing any further deterioration.

Estee Lauder Cos., the maker of Clinique and Bobbi Brown cosmetics, said its full-year earnings will be higher than it estimated in February.

``We see no indication at the moment that consumer spending is improving, but we don't see anything that it's getting worse,'' Chief Executive Officer William Lauder said in a May 6 phone interview.

Why Consumer Confidence Index Important?

2008-05-28T02:45:00.000-07:00

The US Consumer Confidence Index (CCI) is defined as the degree of optimism on the state of the economy that consumers are expressing through their activities of savings and spending. Global Consumer Confidence is not measured. Country by country analysis indicates huge variance around the globe. In an interconnected global economy, tracking international consumer confidence is a lead indicator of economic trends.

A month-on-month decreasing trend suggests consumers have a negative outlook on their ability to secure and retain good jobs. Thus, manufacturers may expect consumers to avoid retail purchases, particularly large-ticket items that require financing. Manufacturers may pare down inventories to reduce overhead and/or delay investing in new projects and facilities. Likewise, banks can anticipate a decrease in lending activity, mortgage applications and credit card use. When faced with a down-trending index, the government has a variety of options, such as issuing a tax rebate or taking other fiscal or monetary action to stimulate the economy.

Conversely, a rising trend in consumer confidence indicates improvements in consumer buying patterns. Manufacturers can increase production and hiring. Banks can expect increased demand for credit. Builders can prepare for a rise in home construction and government can anticipate improved tax revenues based on the increase in consumer spending

The Consumer Confidence Index and the Consumer Sentiment Index are two of the most important economic predictors you can watch. Just remember to watch the trend over several months and don’t get caught up in month-to-month hysteria. Understanding the importance of consumer spending and it implications for the stock market will help you become a better investor.

The Consumer Confidence Index measures Americans’ attitudes about current and future economic conditions. It is based on a monthly survey of 5,000 households conducted for The Conference Board. The Board develops a report based on the survey that gives details about consumer attitudes and buying intentions, with data available by age, income, and region. This is compiled into three numbers:

The overall Consumer Confidence Index
The Present Situation Index
The Expectations Index.

If the Consumer Confidence Index is trending upwards, this means that stocks will probably go higher, as well. If Confidence is too high, then the excessive demand it is measuring could trigger inflation, which could lead the Federal Reserve to raise interest rates. Higher interest rates could also increase the value of the dollar, which could reduce exports and make imports cheaper.

LiteForex Broker

2008-05-28T02:27:00.000-07:00

LiteForex offers revolutionary trading technology for beginner traders, and lets you start trading in the Forex market depositing just ONE DOLLAR! Your deposit appears in US cents on the Lite group accounts, so you feel like you are trading the same amount in US Dollars. This new technology allows Forex beginners to learn Forex in a REAL life situation with minimal investment!

LiteForex also offers competitive trading conditions for Forex professionals all around the world, and provides a dedicated Forex trading server and experienced customer support as well as analysis of Forex market and a professional affiliate program.

* Start trading with $1.
* Commission free trading.
* Leverage from 1:100 to 1:200.
* Receive monthly interest on your balance.
* Competitive fixed bid/ask spreads.
* Really fast order execution.
* Account deposits via wire transfer, WebMoney, e-Bullion and Liberty Reserve.
* Many different account types available.
* 33 currency pairs, 8 currency indexes, 32 CFDs and 2 metals to trade.
* One of the best trading platforms - MetaTrader 4.
* Reliable dedicated trading servers.
* 24 hours a day, 5 days a week trading support.

Deposit/Withdrawal Method:
Wire Transder, WebMoney, e-Bullion, Liberty Reserve, CashU

Software Trading Platform :
Meta Trader 4

FxPro Forex Broker

2008-05-28T01:36:00.000-07:00

FxPro.com is owned by EuroOrient Securities and Financial Services Ltd, an investment firm regulated by the Cyprus Securities and Exchange Commission (license number 078/07). Our company is a member of various professional bodies like CIFSA (Cyprus International Financial Services Association, http://www.cifsa.org/), CCCI (Cyprus Chamber of Commerce and Industry, http://www.ccci.org.cy/), CFSFA (Cyprus Financial Services Firms Association, http://www.cfsfa.org.cy/) and our corporate character defines the values and principles inherent in all our everyday dealings

# Low spreads starting from 1.8 pips
# Flexible leverage options from 1:1 up to 1:500
# Low minimum initial deposit of $100
# Get exclusive market commentary from
# No hidden fees and no extra charges
# More that 70 currency pairs - 40 CFDs - Futures and Stocks – Precious Metals
# You can trade in all instruments live within our MetaTrader 4 platform
# 1 account – 3 trading platforms
# Deposits and Withdrawals through wire transfers and credit and debit cards

Deposit/Withdrawal Method:
Wire Transder, Visa/Mastercard, Paypal

Software Trading Platform :
Meta Trader 4

U.S. Durable Goods Probably Fell as Spending Slowed

2008-05-28T00:50:00.000-07:00

May 28 (Bloomberg) -- Orders for U.S. durable goods probably fell last month as companies trimmed investment plans and consumers bought fewer cars and televisions, economists said before a report today.

Bookings for goods meant to last several years fell 1.5 percent, according to a Bloomberg survey of 72 economists before the Commerce Department report. Orders excluding transportation equipment, which tend to be volatile, fell 0.5 percent, the economists said.

Businesses are reacting to slower sales and record fuel prices by scaling back on hiring and spending. A slowdown in purchases of equipment, combined with a worsening housing slump and weakening consumer spending on expensive items like autos, may bring an end to the six-year economic expansion.

``There is more weakness to come,'' said Lena Komileva, chief economist at Tullett Prebon Plc in London. ``Manufacturers remain under pressure from a recession in housing, high commodity costs and soft labor markets which are spreading housing weakness to the rest of the economy.''

Economists' forecasts ranged from a decline of 5 percent to a gain of 0.6 percent. The report from Commerce is due at 8:30 a.m. in Washington.

So far, manufacturing has done better than in past economic downturns. While the Institute for Supply Management's factory index fell to a five-year low of 48.3 in February and moved up to 48.6 in the following two months, it was still well above the 42.1 reading reached in February 2001, a month before the start of the 2001 recession. A figure of 50 is the dividing line between growth and contraction.

Auto Cutbacks

In addition to weakness in housing-related industries, automakers have led the factory downturn as consumers retrench.

Ford Motor Co., the second-largest U.S. carmaker, last week said its U.S. sales fell 9.8 percent this year through April as gasoline prices approached $4 a gallon. Ford said it would pare North American production 15 percent from a year earlier this quarter, and would cut third-quarter output as much as 20 percent.

``There is no doubt the slowing economy here in the United States presents a challenge for us,'' Chief Executive Officer Alan Mulally said at the company's annual shareholders meeting earlier this month. ``We are taking further cost-reduction actions.''

Increases in fuel costs are among the biggest concerns. Oil rose to more than $135 a barrel last week, the highest ever.

Companies that export have fared better, continuing to grow during the slowdown. A shrinking trade gap added 0.2 percentage point to first-quarter economic growth, according to Commerce Department figures.

Still, Federal Reserve officials, in minutes of their April 30 policy meeting released last week, lowered their 2008 economic growth projection by about a full percentage point to 0.3 percent to 1.2 percent.

``The outlook for business spending remained decidedly downbeat,'' the minutes said.

E-Global Forex broker

2008-05-26T18:53:00.000-07:00

E-Global Trade & Finance Group, Inc. offers a Forex service which makes it possible for our clients to deposit US Cents on the "eGlobal-micro" group accounts. In this case the account sums will remain the same as in "eGlobal-mini" account, while the currency will lower the risk of losses for the beginners. We are fully convinced that only deep knowledge and a constant practice with small amounts of money and at a minimum risk will lead to the success in Forex. Experienced traders may open a "eGlobal-mini" or "eGlobal-standard" account with US Dollar as its currency

Trade: from 2 US or EUR cents;
Spread: from 2 pips;
Leverage: up to 1:500;
Terminal: MetaTrader 4;
Monthly get up to 2.5/3.5/4 % AER;
Online trading for automated order executions;

E-currency autodeposition;
30 currency pairs, incl. gold and silver;
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MT4 Expert Advisors (EA), Automated Trading. How to Install

2008-05-23T13:46:00.000-07:00

An Expert Advisor is an automated trading system (ATS) written in the MetaQuotes Language II (MQL II) and linked to a particular chart. That Expert Advisor is not only able to notify you of trading opportunities, but can also execute trades on your trading account, sending them through to the trading server. Expert Advisors will also let you test your strategies on historical data, and will plot entry/exit points on the chart

Metatrader Expert advisor should has ex4 or mq4 file extenshion. mq4- sourse code, ex4- compiled code. First of all it is necessary to copy this file to the folder experts of working directory. Under a working directory we understand a root directory, in which we installed MetaTrader 4 terminalThe second step is to restart MetaTrader . After the restart the expert should be added to the list of experts in the window Navigator . It necessary to stress that the colored icon corresponds to mq4 file. If you have an ex4 file only, an icon in the window Navigator will be grey. The same grey color may mean that the errors in a source code appeared.

In order to check expert errors, you may press F4, the editor of language MQL4 , and then it is necessary to load the source code of expert into the editor. Press F5 in order to compile the expert advisor. In case of success, the sentence '0 errors' will appear in conclusion window. Warnings are not errors and their presence does not hinder the successful compiling.

Now MetaTrader identifies our metatrader expert advisor and the source code of forex expert does not contain errors. Next logical step will be to specify working pair and timeframe for the expert. The easiest way to do it is to apply the technology Drag-and-Drop . For this purpose it is necessary to select metatrader expert, press the left mouse button and drag it on the required chart, then release the button. There is another way. After the selection of metatrader expert advisor, press the right mouse button for context menu, then choose from the menu Attach to and chart .

If you made the steps mentioned above correctly, you should see the window of expert settings, where you should let the expert trade.
Do not forget about the button Expert Advisors , which is located on one of standard tool bars of the terminal. The button must be pressed.

Dollar sinks against major currencies,Oil rises

2008-05-23T13:45:00.000-07:00

NEW YORK (AP) - The dollar sank against most major currencies on Friday after oil prices rebounded from a brief decline and a private realty group reported that existing home sales dropped for the eighth time in nine months.

The 15-nation euro rose to $1.5775 in late New York trading from $1.5699 late Thursday.

Oil prices rose again Friday after tumbling around $4 overnight from a record above $135 a barrel set Thursday.

The euro-dollar trade has tracked the rise and fall of oil prices. Surging oil has weighed on the global economy, compounding inflation worries and fears that consumers will spend less as fuel takes up a larger part of their income. But the euro zone's economy is seen as more resilient to sky-high oil than the U.S. economy.

The British pound edged higher to $1.9794 from $1.9782 after the U.K. reported its gross domestic product rose 0.4 percent in the first quarter of this year compared with the last quarter of 2007.

The dollar slumped to 104.17 Japanese yen from 105.26 yen as U.S. stocks fell amid surging oil fears and steadily dropping home sales.

The dollar-yen trade tends to correlate with the stock market as slumping equities drive currency investors from risky 'carry trades.'

Carry trades involve borrowing currencies from countries with low interest rates, such as Japan, and investing them in higher-yielding assets. When the market slides, traders tend to sell off those trades and pay back the yen loan.

Sales of existing U.S. homes fell by 1 percent in April to 4.89 million units, matching a record low set in January. It is the eighth drop in nine months. The National Association of Realtors, which tracks the data, starting collecting it in 1999. The median price for an existing home dropped 8 percent to $202,300 compared with the same time last year ,and further price declines are seen.

In other New York trading, the dollar fell to 1.0241 Swiss francs from 1.0339 francs, but edged higher to 98.86 Canadian cents from 98.56 Canadian cents.

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2008-05-21T09:10:00.000-07:00

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BoE MPC voted 8-1 to keep rates at 5 pct on May 8

2008-05-21T04:14:00.000-07:00

LONDON (Thomson Financial) - The Bank of England's rate-setting body voted 8-1 in favour of keeping its benchmark interest rate on hold at 5.00 percent at its last meeting on May 8, with only Danny Blanchflower opting for a quarter point reduction.

The minutes to the meeting of the Monetary Policy Committee, published today, show that the majority, including governor Mervyn King, worried about the second-round effects of above-target inflation, even though the UK economy was beginning to slow in the wake of the crisis in credit markets.

'Although economic activity was likely to slow, the Committee had judged that some slowing in the growth rate of output was likely to be necessary for inflation to settle close to the target around two years ahead,' the eight members said.

'A further reduction in Bank Rate this month could create the impression that the Committee was trying to stabilise output growth rather than maintaining its focus on the inflation target,' they added.

At the meeting, the nine members of the panel were armed with the central bank's latest economic forecasts, which showed a high probability of the annual CPI inflation rate rising toward the 4.00 percent mark this year.

In the year to April, inflation rose to 3.00 percent, just shy of the level at which King would have to write to Chancellor of the Exchequer Alistair Darling explaining why inflation is more than 1 percentage point above the 2.00 percent target and what rate-setters plan to do about it.

The majority said the upside risk to the inflation outlook over the next two years was that the period of above-target inflation in the near-term would, by affecting inflation expectations, have 'a greater tendency' to persist than assumed in the central projection.

They also noted that reducing inflation from persistently high levels had in the past needed prolonged periods of sub-par growth.

The Committee had, the majority said, to make clear to those setting prices and wages that the period of above-target inflation would be 'temporary' and that it was 'committed' to returning inflation towards the target.

The BoE's central projection is for inflation to return towards the target by the end of this year and be around target after two years, subject to oil and commodity prices stabilising.

For arch-dove Blanchflower, the majority's focus on inflation expectations is largely misplaced, because the bulk of the price rises, such as oil and commodities, are beyond the MPC's control.

'With pay growth remaining subdued, this period of above-target inflation would have little tendency to persist,' he said.

'The current and prospective weakness of demand meant that there was a clear risk of missing the target on the downside looking further ahead,' he added.

Blanchflower doesn't look like he's the only one on the Committee worried about the extent of the slowdown in the economy though. The minutes showed that there is a range of views among the members about the extent to which tighter credit conditions and weaker income growth will weigh down on inflation.

'For some members, the economy had shown considerable resilience in the face of variation in credit conditions,' the minutes showed.

'For some other members, there was a significant risk that the impact of weakening property markets on the rest of the economy could be more substantial than implied by the central projection,' it added.

Treasuries Decline Before Fed Minutes That May Stress Inflation

2008-05-21T04:12:00.000-07:00

May 21 (Bloomberg) -- Treasuries fell, snapping a two-day gain, before the release of minutes of the Federal Reserve's last meeting, which may show it is done cutting interest rates on concern inflation may accelerate.

The 10-year note yield rose from the lowest level in more than a week as oil at a record prompted speculation U.S. price growth will quicken, eroding bonds' fixed payments. The difference between yields on 10-year Treasury Inflation Protected Securities and conventional notes of the same maturity was near the widest in more than two months.

``We've already had the Fed indicating they're not willing to drop rates further and that's keeping the market in a precarious position,'' said Marius Daheim, a senior bond strategist in Munich at Bayerische Landesbank, Germany's second- biggest state-owned bank. The minutes may show ``the Fed's starting to get worried about inflation expectations getting out of control.''

The U.S. 10-year yield climbed 1 basis point to 3.79 percent as of 6:56 a.m. in New York, after dropping to as low as 3.76 percent, according to bond broker BGCantor Market Data. The 3 7/8 percent security due May 2018 declined 3/32, or 94 U.S. cents per $1,000 face amount, to 100 23/32. The 10-year note yield may hold around 3.8 percent for the rest of the quarter, Daheim predicted.

Two-year yields rose 1 basis point to 2.33 percent. A basis point is 0.01 percentage point.

Business Confidence

Treasuries pared a decline as stocks in Europe faltered, while the cost of protecting the region's corporate bonds from default fell. European bonds dropped as German business confidence unexpectedly increased, reducing the likelihood the region's central bank will lower borrowing costs.

U.S. government notes have returned 2.7 percent so far this year, according to a Treasury master index compiled by Merrill Lynch & Co. That's more than similar-maturity European debt, which has earned 1.7 percent, the company's German Federal Governments index showed.

Europe's Stoxx 600 added as much as 0.3 percent and futures on the Standard & Poor's 500 Index expiring in June increased as much as 0.3 percent.

Banks are becoming more confident about lending after the Fed eased access to funding. The difference between three-month bill yields and the three-month London interbank offered rate, the so-called TED spread, narrowed to 77 basis points from this year's high of 2.03 percentage points on March 19. The spread averaged 39 basis points in the seven months through July last year, before the global credit squeeze began.

Futures Bets

Futures on the Chicago Board of Trade show there's an 88 percent chance the Fed will keep the target rate for overnight lending between banks at 2 percent on June 25. The odds of an increase to 2.25 percent by the end of the year are 57 percent.

``Monetary policy appears to be appropriately calibrated for now to promote both rising employment and moderating inflation over the medium term,'' Fed Vice Chairman Donald Kohn said yesterday in New Orleans. The economy should gradually strengthen as the interest-rate reductions take effect, he said.

The Fed will release the minutes of its April 30 meeting at 2 p.m. in Washington. Fed Governor Kevin Warsh is due to speak on the benchmark federal funds rate at 1 p.m. in Washington.

``We are going to see some movement out of Treasuries,'' said Robert Sinche, head of global currency strategy at Bank of America Corp. ``We favor inflation-protected securities,'' he said yesterday in an interview in San Francisco.

Inflation Expectations

The difference between yields on 10-year TIPS and 10-year notes was 2.5 percent today, near the highest since March 13. The gap, which represents the rate of inflation that investors expect for the next decade, has widened from 2.28 percentage points on April 30 when the Fed last met.

``The Federal Reserve will start raising rates at the end of this year and into next year,'' Markus Schomer, New York-based global economic strategist at AIG Global Investment Group, said in a Bloomberg Television interview in Hong Kong.

Declines by Treasuries may be limited as some investors bet the financial-market crisis isn't over and that the Fed may still cut interest rates this year. They rose in Asian trading with Japanese bonds as stocks declined. Japan's 10-year bond yield fell 3 basis points to 1.615 percent.

``It's a bit misguided to think the pause will continue for a considerable time and that the next move will be up not down,'' Andre de Silva, global deputy head of fixed-income strategy in London at HSBC Holdings Plc, said in a Bloomberg Television interview. ``The scope is still for further weakness in the U.S. We still think a cut is coming by the end of the year.''

Concern that credit losses will swell increased after American International Group Inc., the world's largest insurer by assets, said yesterday it will raise a total of $20 billion, 60 percent more than the New York-based insurer originally said it needed to protect against further writedowns.

Using Hedging Strategy

2008-05-10T18:10:00.001-07:00

Have you ever use hedgin strategy in forex?

Hedging is defined as holding two or more positions at the same time, where the purpose is to offset the losses in the first position by the gains received from the other position.

Usual hedging is to open a position for a currency A, then opening a reverse for this position on the same currency A. This type of hedging protects the trader from getting a margin call, as the second position will gain if the first loses, and vice versa.

However, traders developed more hedging techniques in order to try to benefit form hedging and make profits instead of just to offset losses.

In this page, we will discuss, some of the hedging techniques.

100% Hedging.

This technique is the safest ever, and the most profitable of all hedging techniques while keeping minimal risks. This technique uses the arbitrage of interest rates (roll over rates) between brokers. In this type of hedging you will need to use two brokers. One broker which pays or charges interest at end of day, and the other should not charge or pay interest. However, in such cases the trader should try to maximize your profits, or in other words to benefit the utmost of this type of hedging.

The main idea about this type of hedging is to open a position of currency X at a broker which will pay you a high interest for every night the position is carried, and to open a reverse of that position for the same currency X with the broker that does not charge interest for carrying the trade. This way you will gain the interest or rollover that is credited to your account.

However there are many factors that you should take into consideration.

a. The currency to use. The best pair to use is the GBPJPY, because at the time of writing this article, the interest credited to your account will be 24 usd for every 1 regular long lot you have. However you should check with your broker because each broker credits a different amount. The range can be from $10 to $26.

b. The interest free broker. This is the hardest part. Before you open your account with such a broker, you should check the following: i. Does the broker allow opening the position for an unlimited time? ii. Does the broker charge commissions?

Some brokers charge $5 flat every night for each lot held, this is a good thing, although it seems not. Because, when the broker charges you money for keeping your position, the your broker will likely let you hold your position indefinitely.

c. Equity of your account. Hedging requires lots of money. For example, if you want to use the GBPJPY, you will need 20,000USD in each account. This is very necessary because the max monthly range for GBPJPY in the last few years was 2000 pips. You do not want one of your accounts to get a margin call. Do not forget that when you open your 2 positions at the 2 brokers, you will pay the spread, which is around 16 pips together. If you are using 1 regular lot, then this is around 145 usd. So you will enter the trades, losing 145 usd. So you will need the first 6 days just to cover the spread cost. Thus if you get a margin call again, you will need to close your other position, and then transfer money to your other account, and then re-open the positions. Every time this happens, you will lose 145 usd!

It is very important not to get a margin call. This can be maintained by a large equity, or a fast efficient way to transfer money between brokers.

d. Money management. One of the best ways to manage such an account is to monthly withdraw profits and balancing your positions. This can be done by withdrawing the excess from one account, take out the profits, and depositing the excess into the losing account to balance them. However, this can be costly. You should also check with your broker if he allows withdrawals while your position is still open. One efficient way of doing this is using the brokerage service withdrawals which is provided by third party companies.

Carry Trade On Forex (Currency Echange)

2008-05-10T17:41:00.001-07:00

What is a currency carry trade? The currency carry trade, known simply as carry trading is a strategy where the investor sells a currency with a relatively low borrowing rate and uses the borrowed funds to purchase another currency with a higher interest rate differential. An investor using this strategy attempts to take advantage of the interest rate differential.

A good example of a currency susceptible to carry trades is the Japanese Yen,whose borrowing rate is at 0.5 percent.

Eg. A trader borrows 2,000 Yen from a Japanese Bank the converts it to Australian Dollars then buys a bond for the equivalent amount. Assuming that the bond pays 5 percent and the Japanese interest rate is 0.5 percent, the trader expects a 4.5 percent profit under the condition that that the exchange rate between the two nations don't change.

Carry trading is risky due to volatile movements of the exchange rates. Using the above example, if the Australian Dollar depreciates against the Japanese Yen, the trader is set to make a loss. Carry trade transactions are usually done with leverage, therefore a small movement in exchange rates would result in massive losses of funds.

The Japanese Yen in recent years had been susceptible to carry trade due to its relatively low borrowing rates.

Swap (interest) On Forex?

2008-05-10T17:40:00.000-07:00

In the spot forex market, all trades must be settled in two business days. A rollover refers to the process of closing open position for today's value date and the opening of the same position for the next day's value date at a price reflecting the difference in interest rates between the two currencies.

In accordance with international banking practices, Forex brokers automatically rolls over all open positions to the next date at 5 PM EST for settlement.

Rollover involves exchanging the position being held for a position expiring the following settlement date. For example, for trades executed on Monday, the value date is Wednesday.

However, if a position is opened on Monday and held overnight, the value date is now Thursday. The exception is a position opened and held overnight on Wednesday. The normal value date would be Saturday; because banks are closed on Saturday the value date is actually the following Monday. Due to the weekend, positions held overnight on Wednesday incur or earn an extra two days of interest.

Trades with a value date that falls on a holiday will also incur or earn additional interest. Forex Traders can earn interest on rollovers, depending on the direction of their positions and interest rate differential between the two currencies involved.

For instance, the primary interest rates in Great Britain are much higher than in Japan, so if a trader buys GBP, he/she will earn interest at 5 PM EST time. on the other hand, if he/she sells GBP in this currency pair, he/she will pay interest at 5 PM EST time.

Overnight Interest/Rollover is automatically paid to a client's account after buying a currency with greater Interest Rate in its country, and charged to a client's account if the country issuing this currency has smaller Primary Interest Rates.

NonFarm Payroll Today

2008-05-01T19:03:00.000-07:00

How Will Non-Farm Payrolls Impact the US Dollar?
The US dollar has strengthened across the board today ahead of Friday’s non-farm payrolls release. This may befuddle some traders as the greenback’s price action conflicts with the higher jobless claims report and the deterioration in the employment component of manufacturing ISM. According to our non-farm payrolls preview, job growth should decline for the fourth consecutive month. The market is currently expecting non-farm payrolls to fall by 78k and for the US unemployment rate to rise to highest level in 3 years. There is even a possibility that job losses could hit -100k. Over the past month, consumer confidence hit a record low and planned layoffs as reported by Challenger Gray and Christmas increased 27.4 percent. Continuing claims are also on the rise as the problems in the US economy escalate. Many people including Warren Buffet will agree that the US economy is already in a recession. During the last 3 recessions, there was a string of job losses that lasted for a minimum of 10 months. If this is true, we could see far more than 4 consecutive months of job losses ahead of us. In each of the past 3 recessions, the largest single month job loss was more than 300k. In this context, a 100k drop in April or May is not only realistic but nearly guaranteed. However, weak non-farm payrolls may not be enough to halt the recent rally in the US dollar. After the hawkish minutes from the FOMC yesterday, traders have rallied the greenback on the expectation that the Federal Reserve will not be raising interest rates again in June. Even if the drop in non-farm payrolls in the month of April is greater than the -80k decline in March, the Federal Reserve has the benefit of seeing the non-farm payrolls report for the month of May before making their next monetary policy decision. Therefore the market’s reaction to a bad number may be tempered for the time being and a good number of course would add fuel to the current rally in the US dollar. Sentiment and technicals also point to further gains for the US dollar and weakness in the Euro, which is discussed further in our Euro commentary. Meanwhile the manufacturing ISM number was stronger than expected along with core PCE. Although the 48.6 reading is still reflective of contractionary conditions, the performance of the manufacturing sector would have probably been worse had it not been for the benefits of a weaker dollar.