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Monday, August 19, 2019

Friday, August 16, 2019

Forex Robot success and opportunity

Hi

Please watch this video to see how the GTM EA is now producing even better results than the MakeMoney EA.

https://youtu.be/95OlxsWygDE

Regards

Alex du Plooy
Expert4x
40 Bellevue Crescent, 2260, North Avoca, Australia
You may unsubscribe or change your contact details at any time.

Tuesday, August 13, 2019

Develop your Forex trading career

Hi 

Please watch this video for more details


https://youtu.be/3BdGySXQHeo


Regards

Alex du Plooy
Expert4x
40 Bellevue Crescent, 2260, North Avoca, Australia
You may unsubscribe or change your contact details at any time.

Monday, August 12, 2019

Watch this now. All about seeing into the future when trading.

Hi

This link features one of the most obvious success activities all Forex Millionaires use. Strangely losing traders pay no attention to it although it is the easiest thing to do. All the factors impacting your account growth are discussed.

https://youtu.be/xxwDGyEPo8Q

Good trading movie I watched on Sunday

Regards

Alex du Plooy
Expert4x


40 Bellevue Crescent, 2260, North Avoca, Australia
You may unsubscribe or change your contact details at any time.

Sunday, August 11, 2019

Eight Hundred Percent in 13  weeks. Let us know what you think

Hi

Expert Advisors or Forex Robots not only have to be money-making machines but they need to be robust. They should work for many currencies, many timeframes and many settings. The Make Money Shows these qualities as we trade 48 versions of the EA using different settings, currencies, timeframes and trading approaches,

https://youtu.be/nikMwNZYGzo

Regards

Alex du Plooy
Expert4x
40 Bellevue Crescent, 2260, North Avoca, Australia
You may unsubscribe or change your contact details at any time.

Wednesday, August 7, 2019

Do you think you could benefit from affordable manual & Forex robot trading Mentorship? 

Hi

Forex trading can be lonely and frustrating sometimes. Often Forex traders just need a confirmation that they are on the right track. 

This video looks at an affordable way to get one on one guidance for your Forex trading.

https://youtu.be/9_pw3O7BChA

Regards


Alex du Plooy
Expert4x
40 Bellevue Crescent, 2260, North Avoca, Australia
You may unsubscribe or change your contact details at any time.

Tuesday, August 6, 2019

This is your monthly EarnForex.com newsletter.
To cancel your subscription, please use the link at the bottom of this message.


EarnForex.com Monthly Newsletter
August 6th, 2019

Hello traders! Welcome to the latest issue of EarnForex.com newsletter — August 2019.

In this issue of EarnForex.com newsletter, I will remind you about the most important Forex-related events of the last month and will also show you the list of the site's latest updates.

EDITORIAL: What Makes a Good Forex Trader? ✔

What makes a person capable of becoming a successful Forex trader? Is it possible to tell beforehand if someone has all that it takes to achieve consistent profitability in trading? Unfortunately, we cannot know that beforehand, but it is definitely possible to outline some important traits that, from my perspective of 14 years of trading experience, are pertinent to good FX traders.

  • Patience is a virtue crucial to many professions and to living a good life in general. In Forex, patience is a vital trait that can save you from big losses, from discarding good trading strategy, and from jumping from one trading platform to another. A patient trader will let his profitable trade live, will log entries and exits, and will have no trouble waiting for tradable setups.
  • Perseverance helps when you have to work towards some distant yet desirable goal. Learning to trade Forex is just made of this - the goal can be very distant and the obstacles may seem insurmountable. Perseverance will let you move toward your objective at a slow but steady pace.
  • Discipline is a very general term, but in currency trading, discipline is needed for setting a schedule and a plan and then adhering to them. This kind of discipline can be trained and it improves significantly with practice. Without it, you will have hard time executing successful trades as they will be entered too late or too early or in a wrong way altogether.
  • Open-mindedness lets you grasp new ideas and knowledge effortlessly. In Forex, it is not uncommon for a trader to be stuck with some tool or idea that simply doesn't work anymore. If you approach new trading concepts with an open mind, it will be much easier for you to adapt to the ever-changing markets.
  • Good math skills are necessary for FX traders to quickly evaluate probabilities and to derive correct conclusions from statistical data. You do not need to be super-clever with math, you just need to be able to do basic math easily. Being a math genius won't make you a Forex trading prodigy, it just helps with some unavoidable issues every trader has to tackle.
  • Love for reading will make your life as a trader simpler. To gain good understanding of trading basics and essentials of macroeconomics (necessary for fundamental analysis), you need to read quite a few books. To keep learning and advancing your analytical skills, you would also need to read lots of reports and books. If you don't have to force yourself to get reading, your trading career will be much more pleasant.

This doesn't mean that you will fail if you do not possess some of these traits, all I want to say that you are more likely to succeed with their help.

Overview of the major currency pairs' performance in July

EUR/USD — was in a strong and steady decline in July. It was at the maximum at 1.1371 on July 1, at its minimum at 1.1060 on July 31, finishing the month at 1.1074.

GBP/USD — fell precipitously during the month. The highest monthly rate was at 1.2705 on July 1, while the lowest — at 1.2119 on July 30. GBP/USD finished July trading at 1.2159.

USD/JPY — moved sideways with a significant trough in the middle of the month. The pair rose to as high as 109.00 on July 31, reaching a bottom at 107.20 on July 18 and closing the month with the 108.76 rate.

AUD/USD — after falling and rising during the first half of July, the pair entered a powerful downtrend. The monthly high was at 0.7081 on July 19, the monthly low — at 0.6831 on July 31. Trading ended at 0.6843 for this currency pair.

USD/CAD — declined a little but then surged above opening level. The maximum level for this pair was 1.3214 on July 31, while the minimum — 1.3015 on July 19. The month's trading ended at 1.3188 for USD/CAD.

Fundamental background of the past month

July started with positive news for the US dollar - a truce in the US-China trade war and better-than-expected nonfarm payrolls. Better-than-expected US gross domestic product released by the end of the month added to the dollar's strength. But the currency was under pressure from the anticipation of an interest rate cut from the Federal Reserve. Yet when the Fed did cut the rates, after all, the greenback jumped as markets were disappointed that the US policymakers did not signal about a prolonged cycle of monetary easing.

The anticipation of monetary policy easing was driving the euro as well. IMF managing director Christine Lagarde was nominated to replace Mario Draghi as the ECB President, but it is expected that she will be as dovish as Draghi. The European Central Bank decided to change its inflation target, making 2% the upper limit of the target range instead of midpoint. And while the ECB did not change its monetary policy this month, a dovish statement from Mario Draghi led to speculations that the central bank will pull the trigger on interest rate cuts in September.

The Great Britain pound extended its string of losses. While the row of weak PMI reports hurt the currency, the biggest problem for the sterling was the fear of a no-deal Brexit. Concerns increased after Boris Johnson became a new Prime Minister, as was widely expected. He almost immediately clashed with the European Union about the terms of the Brexit deal, specifically about the issue of the Irish backstop.

The Japanese yen was extremely strong in July despite signals from Japanese policymakers about the possibility of additional monetary stimulus. Fitch Ratings maintained Japan's credit rating with a stable outlook.

The Swiss franc was strong as well despite comments from SNB Deputy Chairman Fritz Zurbruegg that suggested the central bank is going to stick to its accommodative monetary policy. The likely reason for the Swissie's strength was the same as for the yen - risk aversion.

The Canadian dollar was also surprisingly strong, rising against some major currencies as well as commodity currencies. The Bank of Canada left monetary policy unchanged but some analysts considered its statement to be more dovish than expected. As it usually happens, the loonie was often following moves of crude oil.

As was widely expected, the Reserve Bank of Australia cut interest rates in July. Yet the Australian dollar surprised market participants, rising after the event instead of falling. Some analysts speculated that it is because the event had been already priced in, while others thought the central bank's statement was not as dovish as was expected, despite signaling about the possibility of additional cuts.

Gold ended the month on a weak footing, mostly because the US dollar shot up after the Fed policy announcement.

Interest rate changes in July
Australia 1.25% -0.25% 1.00%
Indonesia 6.00% -0.25% 5.75%
Russian Federation 7.50% -0.25% 7.25%
South Africa 6.75% -0.25% 6.50%
South Korea 1.75% -0.25% 1.50%
Turkey 25.50% -4.25% 21.25%
United States 2.25% -0.25% 2.00%

You can see the current interest rates by the world's central banks in our interest rates table.

Forex brokers

Two new Forex brokers have been added to EarnForex.com since the last issue of the newsletter:

  • Blueberry Markets — a regulated Australian broker operating under the license of Eightcap Pty Ltd and aiming at international clientele. They offer MT4 accounts starting with just $100 and with up to 1:500 leverage on FX pairs.
  • Credit Financier Invest — a CySEC Forex company with offices in the UK and the Middle East. They offer small MT5 accounts for traders with as little as $1 but also cater to big traders with their Elite and Prime accounts requiring $25,000 and $500,000 in funding respectively.

You can always view our full list of Forex brokers.

Top five Forex brokers of the last month

The top five Forex brokers, as reviewed by the visitors of EarnForex.com are the following:

  1. World Forex — 10
  2. Turnkey Forex — 9.5
  3. ForexChief — 9.4
  4. Land-FX — 9.3
  5. FreshForex — 9.2

To qualify for a placement in this list, a Forex broker should have at least three valid reviews. Do not forget to review your favorite broker if you have not done so already.

Forex poll

One new poll has been posted in the EarnForex blog:

You can also browse the full list of Forex polls from EarnForex.com.

Forum

Top five hot topics on EarnForex Forum in July:

  1. Automated Trading System on TRUMP Symbol
  2. 90% Accurate Indicator! "Super Signal" For MT5 (Little Modification NEEDED)
  3. Which is the best EA bot that you ever used?
  4. My EA on real market.
  5. Easy & Profitable Suggestion for Trading the DAX (GER-30)
Forex industry news

There was the following important Forex industry news since the last issue of the newsletter:

Until the next newsletter issue!

That is all for the August issue of the EarnForex.com newsletter. If you have questions, comments or just want to see something else in the next monthly issue, please let us know.


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