Lesson 2:Forex Trading Terminology

Best Forex Brokers:Forex Trading Terminology

The Forex market comes with its very own set of terms and jargon. So, before you go any deeper into learning how to trade the Fx market, it’s important you understand some of the basic Forex terminology that you will encounter on your trading journey…

• Basic Forex terms:

Cross rate - The currency exchange rate between two currencies, both of which are not the official currencies of the country in which the exchange rate quote is given in. This phrase is also sometimes used to refer to currency quotes which do not involve the U.S. dollar, regardless of which country the quote is provided in.

For example, if an exchange rate between the British pound and the Japanese yen was quoted in an American newspaper, this would be considered a cross rate in this context, because neither the pound or the yen is the standard currency of the U.S. However, if the exchange rate between the pound and the U.S. dollar were quoted in that same newspaper, it would not be considered a cross rate because the quote involves the U.S. official currency.

Exchange Rate - The value of one currency expressed in terms of another. For example, if EUR/USD is 1.3200, 1 Euro is worth US$1.3200.

Pip – The smallest increment of price movement a currency can make. Also called point or points. For example, 1 pip for the EUR/USD = 0.0001 and 1 pip for the USD/JPY = 0.01.

Leverage - Leverage is the ability to gear your account into a position greater than your total account margin. For instance, if a trader has $1,000 of margin in his account and he opens a $100,000 position, he leverages his account by 100 times, or 100:1. If he opens a $200,000 position with $1,000 of margin in his account, his leverage is 200 times, or 200:1. Increasing your leverage magnifies both gains and losses.

To calculate the leverage used, divide the total value of your open positions by the total margin balance in your account. For example, if you have $10,000 of margin in your account and you open one standard lot of USD/JPY (100,000 units of the base currency) for $100,000, your leverage ratio is 10:1 ($100,000 / $10,000). If you open one standard lot of EUR/USD for $150,000 (100,000 x EURUSD 1.5000) your leverage ratio is 15:1 ($150,000 / $10,000).

Margin - The deposit required to open or maintain a position. Margin can be either “free” or “used”. Used margin is that amount which is being used to maintain an open position, whereas free margin is the amount available to open new positions. With a $1,000 margin balance in your account and a 1% margin requirement to open a position, you can buy or sell a position worth up to a notional $100,000. This allows a trader to leverage his account by up to 100 times or a leverage ratio of 100:1.

If a trader’s account falls below the minimum amount required to maintain an open position, he will receive a “margin call” requiring him to either add more money into his or her account or to close the open position. Most brokers will automatically close a trade when the margin balance falls below the amount required to keep it open. The amount required to maintain an open position is dependent on the broker and could be 50% of the original margin required to open the trade.

Spread - The difference between the sell quote and the buy quote or the bid and offer price. For example, if EUR/USD quotes read 1.3200/03, the spread is the difference between 1.3200 and 1.3203, or 3 pips. In order to break even on a trade, a position must move in the direction of the trade by an amount equal to the spread.

• The major Forex pairs and their nicknames:

 

• Understanding Forex currency pair quotes:

You will need to understand how to properly read a currency pair quote before you start trading them. So, let’s get started with this:

The exchange rate of two currencies is quoted in a pair, such as the EURUSD or the USDJPY. The reason for this is because in any foreign exchange transaction you are simultaneously buying one currency and selling another. If you were to buy the EURUSD and the euro strengthened against the dollar, you would then be in a profitable trade. Here’s an example of a Forex quote for the euro vs. the U.S. dollar:

 

The first currency in the pair that is located to the left of the slash mark is called the base currency, and the second currency of the pair that’s located to the right of the slash market is called the counter or quote currency.

If you buy the EUR/USD (or any other currency pair), the exchange rate tells you how much you need to pay in terms of the quote currency to buy one unit of the base currency. In other words, in the example above, you have to pay 1.32105 U.S. dollars to buy 1 euro.

If you sell the EUR/USD (or any other currency pair), the exchange rate tells you how much of the quote currency you receive for selling one unit of the base currency. In other words, in the example above, you will receive 1.32105 U.S. dollars if you sell 1 euro.

An easy way to think about it is like this: the BASE currency is the BASIS for the trade. So, if you buy the EURUSD you are buying euro’s (base currency) and selling dollars (quote currency), if you sell the EURUSD you are selling euro’s (base currency) and buying dollars (quote currency). So, whether you buy or sell a currency pair, it is always based upon the first currency in the pair; the base currency.

The basic point of Forex trading is to buy a currency pair if you think its base currency will appreciate (increase in value) relative to the quote currency. If you think the base currency will depreciate (lose value) relative to the quote currency you would sell the pair.

• Bid and Ask price

Bid Price – The bid is the price at which the market (or your broker) will buy a specific currency pair from you. Thus, at the bid price, a trader can sell the base currency to their broker.

Ask Price – The ask price is the price at which the market (or your broker) will sell a specific currency pair to you. Thus, at the ask price you can buy the base currency from your broker.

Bid/Ask Spread – The spread of a currency pair varies between brokers and it is the difference between the bid and ask the price.

Best Forex Brokers

http://www.topforexbrokerscomparison.com

Lesson 2:Forex Trading Terminology

Lesson 1:What Is Forex Trading ? – A Definition & Introduction

Best Forex Brokers:What Is Forex Trading ? – A Definition & Introduction

This free Forex mini-course is designed to teach you the basics of the Forex market and Forex trading in a non-boring way. I know you can find this information elsewhere on the web, but let’s face it; most of it is scattered and pretty dry to read. I will try to make this tutorial as fun as possible so that you can learn about Forex trading and have a good time doing it.

Upon completion of this course you will have a solid understanding of the Forex market and Forex trading, and you will then be ready to progress to learning real-world Forex trading strategies.

What is the Forex market?

• What is Forex? – The basics…

Basically, the Forex market is where banks, businesses, governments, investors and traders come to exchange and speculate on currencies. The Forex market is also referred to as the ‘Fx market’, ‘Currency market’, ‘Foreign exchange currency market’ or ‘Foreign currency market’, and it is the largest and most liquid market in the world with an average daily turnover of $3.98 trillion.

The Fx market is open 24 hours a day, 5 days a week with the most important world trading centers being located in London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris, and Sydney.

It should be noted that there is no central marketplace for the Forex market; trading is instead said to be conducted ‘over the counter’; it’s not like stocks where there is a central marketplace with all orders processed like the NYSE. Forex is a product quoted by all the major banks, and not all banks will have the exact same price. Now, the broker platforms take all theses feeds from the different banks and the quotes we see from our broker are an approximate average of them. It’s the broker who is effectively transacting the trade and taking the other side of it…they ‘make the market’ for you. When you buy a currency pair…your broker is selling it to you, not ‘another trader’.

• A brief history of the Forex market

Ok, I admit, this part is going to be a little bit boring, but it’s important to have some basic background knowledge of the history of the Forex market so that you know a little bit about why it exists and how it got here. So here is the history of the Forex market in a nutshell:

In 1876, something called the gold exchange standard was implemented. Basically it said that all paper currency had to be backed by solid gold; the idea here was to stabilize world currencies by pegging them to the price of gold. It was a good idea in theory, but in reality it created boom-bust patterns which ultimately led to the demise of the gold standard.

The gold standard was dropped around the beginning of World War 2 as major European countries did not have enough gold to support all the currency they were printing to pay for large military projects. Although the gold standard was ultimately dropped, the precious metal never lost its spot as the ultimate form of monetary value.

The world then decided to have fixed exchange rates that resulted in the U.S. dollar being the primary reserve currency and that it would be the only currency backed by gold, this is known as the ‘Bretton Woods System’ and it happened in 1944 (I know you super excited to know that). In 1971 the U.S. declared that it would no longer exchange gold for U.S. dollars that were held in foreign reserves, this marked the end of the Bretton Woods System.

It was this break down of the Bretton Woods System that ultimately led to the mostly global acceptance of floating foreign exchange rates in 1976. This was effectively the “birth” of the current foreign currency exchange market, although it did not become widely electronically traded until about the mid 1990s.

(OK! Now let’s move on to some more entertaining topics!)…

What is Forex Trading?

Forex trading as it relates to retail traders (like you and I) is the speculation on the price of one currency against another. For example, if you think the euro is going to rise against the U.S. dollar, you can buy the EURUSD currency pair low and then (hopefully) sell it at a higher price to make a profit. Of course, if you buy the euro against the dollar (EURUSD), and the U.S. dollar strengthens, you will then be in a losing position. So, it’s important to be aware of the risk involved in trading Forex, and not only the reward.

• Why is the Forex market so popular?

Being a Forex trader offers the most amazing potential lifestyle of any profession in the world. It’s not easy to get there, but if you are determined and disciplined, you can make it happen. Here’s a quick list of skills you will need to reach your goals in the Forex market:

Ability - to take a loss without becoming emotional

Confidence - to believe in yourself and your trading strategy, and to have no fear

Dedication – to becoming the best Forex trader you can be

Discipline - to remain calm and unemotional in a realm of constant temptation (the market)

Flexibility - to trade changing market conditions successfully

Focus – to stay concentrated on your trading plan and to not stray off course

Logic – to look at the market from an objective and straight forward perspective

Organization – to forge and reinforce positive trading habits

Patience – to wait for only the highest-probability trading strategies according to your plan

Realism – to not think you are going to get rich quick and understand the reality of the market and trading

Savvy – to take advantage of your trading edge when it arises and be aware of what is happening in the market at all times

Self-control – to not over-trade and over-leverage your trading account

As traders, we can take advantage of the high leverage and volatility of the Forex market by learning and mastering and effective Forex trading strategy, building an effective trading plan around that strategy, and following it with ice-cold discipline. Money management is key here; leverage is a double-edged sword and can make you a lot of money fast or lose you a lot of money fast. The key to money management in Forex trading is to always know the exact dollar amount you have at risk before entering a trade and be TOTALLY OK with losing that amount of money, because any one trade could be a loser. More on money management later in the course.

• Who trades Forex and why?

Banks – The interbank market allows for both the majority of commercial Forex transactions and large amounts of speculative trading each day. Some large banks will trade billions of dollars, daily. Sometimes this trading is done on behalf of customers, however much is done by proprietary traders who are trading for the bank’s own account.

Companies – Companies need to use the foreign exchange market to pay for goods and services from foreign countries and also to sell goods or services in foreign countries. An important part of the daily Forex market activity comes from companies looking to exchange currency in order to transact in other countries.

Governments / Central banks – A country’s central bank can play an important role in the foreign exchange markets. They can cause an increase or decrease in the value of their nation’s currency by trying to control money supply, inflation, and (or) interest rates. They can use their substantial foreign exchange reserves to try and stabilize the market.

Hedge funds - Somewhere around 70 to 90% of all foreign exchange transactions are speculative in nature. This means, the person or institutions that bought or sold the currency has no plan of actually taking delivery of the currency; instead, the transaction was executed with sole intention of speculating on the price movement of that particular currency. Retail speculators (you and I) are small cheese compared to the big hedge funds that control and speculate with billions of dollars of equity each day in the currency markets.

Individuals – If you have ever traveled to a different country and exchanged your money into a different currency at the airport or bank, you have already participated in the foreign currency exchange market.

Investors – Investment firms who manage large portfolios for their clients use the Fx market to facilitate transactions in foreign securities. For example, an investment manager controlling an international equity portfolio needs to use the Forex market to purchase and sell several currency pairs in order to pay for foreign securities they want to purchase.

Retail Forex traders – Finally, we come to retail Forex traders (you and I). The retail Forex trading industry is growing everyday with the advent of Forex trading platforms and their ease of accessibility on the internet. Retail Forex traders access the market indirectly either through a broker or a bank. There are two main types of retail Forex brokers that provide us with the ability to speculate on the currency market: brokers and dealers. Brokers work as an agent for the trader by trying to find the best price in the market and executing on behalf of the customer. For this, they charge a commission on top of the price obtained in the market. Dealers are also called market makers because they ‘make the market’ for the trader and act as the counter-party to their transactions, they quote a price they are willing to deal at and are compensated through the spread, which is the difference between the buy and sell price (more on this later).

Advantages of Trading the Forex Market:

• Forex is the largest market in the world, with daily volumes exceeding $3 trillion per day. This means dense liquidity which makes it easy to get in and out of positions.

• Trade whenever you want: There is no opening bell in the Forex market. You can enter or exit a trade whenever you want from Sunday around 5pm EST to Friday around 4pm EST.

• Ease of access: You can fund your trading account with as little as $250 at many retail brokers and begin trading the same day in some cases. Straight through order execution allows you to trade at the click of a mouse.

• Fewer currency pairs to focus on, instead of getting lost trying to analyze thousands of stocks

• Freedom to trade anywhere in the world with the only requirements being a laptop and internet connection.

• Commission-free trading with many retail market-makers and overall lower transaction costs than stocks and commodities.

• Volatility allows traders to profit in any market condition and provides for high-probability weekly trading opportunities. Also, there is no structural market bias like the long bias of the stock market, so traders have equal opportunity to profit in rising or falling markets.

While the forex market is clearly a great market to trade, I would note to all beginners that trading carries both the potential for reward and risk. Many people come into the markets thinking only about the reward and ignoring the risks involved, this is the fastest way to lose all of your trading account money. If you want to get started trading the Fx market on the right track, it’s critical that you are aware of and accept the fact that you could lose on any given trade you take.

Best Forex Brokers

http://www.topforexbrokerscomparison.com

Lesson 1:What Is Forex Trading ? – A Definition & Introduction

Best Forex Brokers: 4 Secrets For Making The Perfect Trade Entry

Best Forex Brokers: 4 Secrets For Making The Perfect Trade Entry

As you probably already know, trade entries are very important in determining whether you succeed or fail as a trader. One good trade entry can make or break your month in the market. Yet, traders tend to take trade entries for granted by assuming they are the ‘easy part of trading’ and putting little thought into getting the best trade entries possible.

A better trade entry can significantly improve the risk reward potential of a trade as well as get you a better stop loss placement which can decrease your chances of getting stopped out of a big move in the market.

What are some things you can do to improve your trade entries? Today’s lesson will outline 4 tips for making better trade entries that can help you improve your trading results if you practice them consistently.

Using limit orders to get better prices

A limit order is a pending order that you place above or below the current market price, depending on which direction you’re trading. If you’re trading long, you place a limit buy entry below the current market price, then, IF price rotates down into your limit buy order, you will get filled long. If you’re trading short, you place a limit sell entry above the current market price, then, IF price moves higher into your limit sell order.

Limit orders give you the power to get into a trade at a price of your choosing. The only ‘catch’ is, you may not get filled at all on the trade, but if you do get filled you know you got a good entry price and a better stop loss placement than if you had just entered at market or on a stop entry.

One good example of using limit orders to get a better entry price is discussed in my article on ‘the trade entry trick’. The trade entry ‘trick’ is essentially entering a price action signal on an approximate 50% retrace, i.e. entering on a limit order as price retraces to the 50% level of a pin bar for example. This gets you a better entry because it significantly improves the risk reward profile of a trade by allowing you to place a tighter (smaller distance) stop loss, making it more likely that you’ll make 2R or more on a trade.

The other big advantage to getting a better entry via a limit order 50% retrace (trade entry trick) is that it gives you more flexibility in your stop loss placement. You can either take the trade with a tighter stop loss as we discussed above, or you can use a normal distance stop loss (in the example of a pin bar, a normal stop loss distance would be the full length of the pin bar from high to low). As I discussed in my trade entry trick article linked to in the previous paragraph, using a normal stop loss distance with a limit entry order on a pin bar for example, allows you more ‘breathing room’ in the trade.

Remember; limit orders allow you to ‘let the market come to you’ by only entering if the market retraces to a price of your choosing. You have to be prepared to miss the trade, but as we discussed above, the advantages of a better risk reward profile on the trade and increased flexibility in stop loss placement are nothing to sneeze at.

Set up trades at the end of each day

Analyzing the markets and setting up trades at the New York close, is a very easy and effective way to improve you trade entries. Doing so, removes the noise and mental confusion that comes with trying to trade from intraday charts. Monitoring your trades just once or twice a day also helps you avoid the temptation of fiddling with your trades unnecessarily as well as the psychological ups and downs that come with day trading.

The daily chart time frame carries more ‘weight’ (relevancy) than its lower time frame counter-parts. So, just the very act of focusing on daily charts is going to significantly improve your trade entries. Think of the daily chart as a sort of natural ‘filter’ for bad trade entries, since it filters out the noise and irrelevancy of the lower time frame price movement and as a result, the signals on the daily chart are more reliable.

Note: When I say “lower time frames”, I am mainly referring to those intra-day time frames under the 1 hour chart.

Wait for confluence using the T.L.S principle

90% of the trades I take use the ‘TLS’ model. T.LS. stands for Trend, Level, Signal, in other words; Find the TREND / market bias, find the key LEVELS, and look for a trade SIGNAL, when you have all three of these or even two of these points in alignment, you have the ‘perfect storm’ in terms of a trading opportunity.

Let’s look at some examples of trades that had T.L.S. confluence…

The chart example below shows us a clear T.L.S scenario to enter the market from. Note the market bias / TREND was clearly bullish, we had a clear key LEVEL through 1.6660 area and then a clear pin bar buy SIGNAL formed in alignment with the trend and the level.

The chart example below shows another clear example of using T.L.S. confluence to enter the market. Again, we had an up TREND / bullish market bias, a clear key LEVEL and then a clear pin bar buy SIGNAL formed in-line with the uptrend and the level. Thus, we had a highly-confluent price action entry signal.

The last chart example we are looking at shows a clear example of using the T.L.S. principle in a down trending market. Note the clear down TREND that was in place prior to the formation of the signal, as well as the clear key LEVEL. Then once we got a clear pin bar sell SIGNAL at the intersection of the trend and the level, we had an obvious and high-probability trade entry on our hands…

Have a simple trading checklist and use it religiously

It’s not just about finding a trade and placing it, it’s about actually finding the right trades and then having confidence to pull the trigger. A simple checklist / plan will assist you in filtering good signals from bad signals, and will also hold you accountable.

A simple checklist might consist of several images / drawings showing your ideal trade setup and chart conditions with some basic wording such as “Locate signal (insert signal type), find nearest key level, find trend, if chart conditions are confluent / in alignment then consider trade. If correct money management parameters can be applied, i.e. if your risk reward makes sense on the trade, set up orders and place trade. It’s a personal and customizable plan designed for you and your personality.

Best Forex Brokers

http://www.topforexbrokerscomparison.com

Best Forex Brokers: 4 Secrets For Making The Perfect Trade Entry

Best Forex Brokers:Trading Success is a Journey, Not a Destination

Best Forex Brokers:Trading Success is a Journey, Not a Destination

 

Life, they say, is a journey, not a destination. The same can be said of trading. In fact, this old aphorism will help you understand how to become a successful trader, if you let it.

How often do you feel frustrated or even angry with your trading results? You made some money in the market, then you lost it all. The feeling that can wash over you when this happens is something no one else will understand unless it’s happened to them, it borders on despair.

What if I told you that you could avoid ever feeling this way as a result of your trading performance? What if I told you there is a way to eliminate the negative emotions and feelings that often cloud your mind as you trade?

The ‘key’ lies in a mental shift you need to make. You will need to become less fixated on money and profits and more fixated on the process, the game; the ultimate mental test we call trading…

The psychological ‘trap’ of trading

Here’s the ‘big secret’ of trading that no one is going to tell you about when you’re learning how to trade: You won’t make money in trading if you’re only involved in trading to make money.

Think of it as a mental ‘trap’ of sorts.

You have got to have genuine passion and interest in trading, in the process of it, the mental tests trading brings, everything. This is how you succeed long-term in anything in life, trading is no different.

If you don’t have this passion and interest in trading, you will fall into the trap of only focusing on money and profits, and this is simply not conducive to the proper trading mindset. Think about the following points to help you understand this better…

• When you are overly focused on making money in the market, you are much more likely to trade too much. Over-trading, is the direct cause of most account blow-outs. If you let greed and the ‘need to trade’ get the best of you, you will eventually just end up gambling in the market until you lose all your money.

• Focusing too much on profits and making money as a trader will also cause you to risk too much per trade. Risking too much on a trade is a quick-route to becoming overly-emotional. By risking more than you’re comfortable with losing on a trade, you’ll be far too attached to the trade to make rational decisions as the trade unfolds. In fact, you’ll probably be so attached to the trade that you’ll be glued to your trading screen, watching every little tick for and against your position, which will cause you to fiddle with your trade too much and mess it up, rather than just leaving the market alone and coming back a day later and checking on it, without interfering.

• When you remove your focus from money and profits, you have more mental time and energy to focus on the mechanics of trading, i.e., on becoming a good trader. Doesn’t it just make logical sense that to make money in the market you need to first become a good trader? Of course it does, you’re thinking to yourself right now. Yet, why do so few traders focus on actually becoming a good trader? It’s because they’re too focused on making money! They get so blinded and excited by profits and dollar signs $$$$$, that they forget to put in the necessary time and mental effort to learning and mastering a trading strategy and practicing good money management, which is ironically the only way to make those dollar signs gravitate into your trading account.

• Remember, as I said in the introduction; Trading is a journey, not a destination. What that basically means, is that to become a consistently profitable trader, you have to focus on the process of trading, not on making money. Once you really get interested in the process of trading and your goal switches from ‘making money’ to ‘becoming a good trader’, the money will start to accumulate as a result. Focusing too much on the ‘destination’ of ‘making money trading’, is simply going to develop all the wrong trading habits in you.

Professional traders are genuinely interested in trading

Professional traders view trading as a game, a challenge, something they love, the ultimate mental test of ‘them against the world’. Trading is something that about 90% of people cannot do successfully over time; a huge challenge to tackle with deep rewards. If this challenge does not excite you, does not make you passionate and interested in becoming a good trader, then trading is not for you.

Trading is definitely not a get rich quick scheme, despite what many beginners seem to think. If you eventually become a profitable trader, it’s because you are genuinely interested in the challenge of trading and you want to get good at it. The fact that doing so happens to make you money, and potentially a lot of money, is nice, but I am telling you that the mindset you need to get into in order to make that money, is one of not caring about the money, no matter how ‘weird’ that might sound to you, it’s true.

It really is no different than any other profession or specialized skill in the world. For example, in order to become a respected and successful surgeon, you do not just focus on the money a surgeon makes, obviously…everyone would agree with that. A surgeon must focus on the process, on the education and training of become a good surgeon, for years. Then, as a result of the interest and passion that he or she had which propelled them through all the necessary training, they eventually became a successful and respected surgeon. The process of becoming a successful trader is really no different at all…

You do not just become a successful trader because you ‘want to’. You become one because you’re interested and passionate about trading and you want to put in the necessary time and effort to developing your trading skills. The fact that doing so will make you a lot of money, needs to be an afterthought, not an all-consuming goal.

Your all-consuming goal as a trader, should be to become the best damn trader you can possibly become, if you genuinely do that, and ‘ignore’ the money and profits, the money and profits will ironically begin to become attracted to your trading account more and more over time.

Best Forex Brokers

http://www.topforexbrokerscomparison.com

Best Forex Brokers:Trading Success is a Journey, Not a Destination

MFX Birthday: festive tournament with $20000 prize fund!

Best Forex Brokers–MFX Birthday: festive tournament with $20000 prize fund!

On the occasion of the 8th Birthday of MFX Broker the company invites all the clients to participation in the festive tournament “MFX Birthday”! The tournament will be held with the help of the unique contest platform ForexStars.

Denis Kulagin, head of MFX Broker marketing department: 

“Bright emotions, impressive prize fund of $20 000 and a lot of prize winning places will let the clients to share our holiday and a get an immense prize! The winners of the tournament will have opportunity to congratulate the company on the birthday. We congratulate our partners of ForexStars project for the opportunity, and we wish good luck all the participants!”

It is very easy to take part in the tournament:

1. In MFX Broker Personal cabinet you need to create special contest account “MFX Birthday” and deposit it by 50 USD.


2. Register ForexStars personal area, and add “MFX Birthday” contest account to My Trading Accounts section.


3. Register for the tournament and wait for its start.

Tournament starts on 3 November and will last till 3 December, 2014.

Best regards, 

Best Forex Brokers

http://www.topforexbrokerscomparison.com

MFX Birthday: festive tournament with $20000 prize fund!

Best Forex Brokers:MFX Broker is a winner in three nominations!

MFX Broker is a winner in three nominations!

On 22 October MFX Broker was officially announced to be the winner in 3 international nominations: “Best Broker of the Year”, “Best Broker in Asia”, and “Best IB Program”. MFX Broker received these awards according to ForexStars Awards – open and independent voting among the participants of unique contests project ForexStars.

Denis Kulagin, head of MFX Broker marketing department: 

“We are grateful to our clients for active voting and trust in us. Your votes are the best evidence of high quality of services provided by MFX Broker. In the nearest future we will offer innovative and contemporary solutions in the sphere of social trading, which will be a bright justification of received awards. Follow the news”. 

ForexStars Awards is international acknowledgment of brokerage companies by thousands of clients. Most successful companies are awarded in 19 nominations.

Best regards,

Best Forex Brokers

http://www.topforexbrokerscomparison.com

Best Forex Brokers:MFX Broker is a winner in three nominations!

Best Forex Brokers:Forex Wave analysis and forecast of 24.10 – 31.10.2014

Best Forex Brokers:Forex Wave analysis and forecast of 24.10 – 31.10.2014

 

EUR/USD Wave analysis and forecast of 24.10 – 31.10: The pair is likely to decline.

Estimated pivot point is at the level of 1.2840.

Our opinion: Sell the pair from correction below the level of 1.2840 with the targets of 1.25 – 1.24 – 1.23.

Alternative scenario: Breakout and consolidation of the price above of the level of 1.2840 will enable the price to continue growth to the levels of 1.2950 – 1.30.

Analysis: Presumably, the formation of the “bullish” correction as the fourth wave has completed. Locally, one-two one-two momentum as the first wave (i) of v is nearing completion. If this assumption is correct, it makes sense to expect that the pair will decline in the fifth wave to the levels of 1.25 – 1.24 – 1.23. Critical level for this scenario is 1.2840.

GBP/USD Wave analysis and forecast of 24.10 – 31.10: Decline in the pair is likely to continue.

Estimated pivot point is at the level of 1.5870.

Our opinion: Buy the pair from correction above the level of 1.5870 with the target of 1.6380 – 1.64.

Alternative scenario: Breakout and consolidation below the level of 1.5870 will allow the price continue the decline to the levels of 1.58 – 1.57 in the “bearish” trend.

Analysis: In accordance with the existing wave pattern of the down-wave we can assume that the wave A of the senior level has completed, taking a shape of a wedge. Locally, it seems that the formation of the wave B has started and within this wave there is one-two one-two momentum (a) and correction to it (b). If this assumption is correct, following the completion of the wave (b) it is expected that the price will rise up to the levels of 1.6380 – 1.64. Critical level for this scenario is 1.5870.

USD/CHF Wave analysis and forecast of 24.10 – 31.10: The pair is likely to grow.

Estimated pivot point is at the level of 0.9390.

Our opinion: Buy the pair from correction above the level of 0.9390 with the target of 0.97 – 0.98.

Alternative scenario: Buy the pair from correction above the level of 0.9390 with the target of 0.97 – 0.98.

Analysis: Presumably, the formation of the local correction as the fourth wave 4 has completed. Locally, one-two one-two momentum as the first wave is being formed and if this assumption is correct, it is likely that following the completion of the small correction (ii), the price can go up in the fifth wave to the levels of 0.97 – 0.98. Critical level for this scenario is the level of 0.9390.

USD/JPY Wave analysis and forecast of 24.10 – 31.10: The rise in the pair has resumed.

Estimated pivot point is at the level of 106.17.

Our opinion: Buy the pair from correction above the level of 106.17 with the target of 110.00 – 111.00.

Alternative scenario: Breakout and consolidation of the price below the level of 106.17 will enable the pair to continue the decline to the level of 104.50.

Analysis: Presumably, the formation of the “bearish” correction as the fourth wave 4 of (5) has completed in the developing diagonal triangle within the fifth wave of the senior level. Locally, the first one-two one-two wave is being formed. If this assumption is correct, it makes sense to expect that the pair will grow in the fifth final wave 5 of (5) to the level of 111.0.

USD/СAD Wave analysis and forecast of 17.10 – 24.10: Uptrend continues.

Estimated pivot point is at the level of 1.1080.

Our opinion: Buy the pair above the level of 1.1080 with the target of 1.14 – 1.15.

Alternative scenario: Breakout and consolidation of the price below the level of 1.1080 will enable the pair to continue the decline to the levels of 1.10 – 1.09.

Analysis: Presumably, the formation of the fourth wave iv of the senior level has completed. Locally it seems that the price is going to reverse and small one-two one two wave are being formed. If this assumption is correct and the price does not break down critical level of 1.1180, the pair is likely to rise to the levels of 1.14 – 1.15 in the fifth wave.

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Best Forex Brokers:Forex Wave analysis and forecast of 24.10 – 31.10.2014

Top Forex Brokers:Forex Weekly Economic Calendar For Oct 26, 2014-Nov 1, 2014

Top Forex Brokers:Forex Weekly Economic Calendar For Oct 26, 2014-Nov 1, 2014

(Timezone: GMT 8.0, DST off)

 

Date	Country	Event	Impact	Previous	Consensus
Sunday Oct 26, 08:00	Austria	National Day
Sunday Oct 26, 08:00	European Monetary Union	Bank Stress Test Info	High
Sunday Oct 26, 10:00	Switzerland	Daylight Saving Time
Sunday Oct 26, 10:00	United Kingdom	Daylight Saving Time
Sunday Oct 26, 10:00	European Monetary Union	Daylight Saving Time
Sunday Oct 27, 07:50	Japan	Corporate Service Price (YoY)	Low	3.5%	3.5%
Monday Oct 27, 08:00	New Zealand	Labour Day
Monday Oct 27, 08:00	Ireland	October Holiday (Halloween)
Monday Oct 27, 15:00	Finland	Consumer Confidence	Low	-0.7
Monday Oct 27, 15:00	Finland	Industrial Confidence	Low	-11.0
Monday Oct 27, 15:30	Netherlands, The	Consumer Spending Volume	Low	0.5%
Monday Oct 27, 16:30	Netherlands, The	Business Confidence	Low	-0.2
Monday Oct 27, 17:00	Germany	IFO – Business Climate	Medium	104.7	104.1
Monday Oct 27, 17:00	Germany	IFO – Current Assessment	Medium	110.5	110.0
Monday Oct 27, 17:00	Germany	IFO – Expectations	Medium	99.3	98.9
Monday Oct 27, 17:00	European Monetary Union	M3 Money Supply (3m)	Low	1.8%
Monday Oct 27, 17:00	European Monetary Union	M3 Money Supply (YoY)	Low	2.0%	2.2%
Monday Oct 27, 17:00	European Monetary Union	Private loans (YoY)	Low	-1.5%	-1.3%
Monday Oct 27, 18:00	United Kingdom	CBI Distributive Trades Survey – Realized (MoM)	Low	31.0	25.0
Monday Oct 27, 20:30	Turkey	Manufacturing Confidence	Low	107.6
Monday Oct 27, 20:30	Turkey	Capacity Utilization	Low	74.4%
Monday Oct 27, 21:45	United States	Markit PMI Composite	Medium	59.0
Monday Oct 27, 21:45	United States	Markit Services PMI	Medium	58.9	58.0
Monday Oct 27, 22:00	United States	Pending Home Sales (MoM)	Low	-1.0%	0.5%
Monday Oct 27, 22:00	United States	Pending Home Sales (YoY)	Medium	-2.2%
Monday Oct 27, 22:00	Mexico	Trade Balance s/a, $	Low	$-0.596
Monday Oct 27, 22:00	Mexico	Trade Balance, $	Low	$-1.123
Monday Oct 27, 22:30	United States	Dallas Fed Manufacturing Business Index	Low	10.8
Monday Oct 27, 23:30	United States	3-Month Bill Auction	Low	0.02%
Monday Oct 27, 23:30	United States	6-Month Bill Auction	Low	0.05%
Monday Oct 28, 05:00	South Korea	Consumer Sentiment Index	Low	107.0
Monday Oct 28, 07:50	Japan	Large Retailer’s Sales	Medium	1.6%
Monday Oct 28, 07:50	Japan	Retail Trade (YoY)	Medium	1.2%
Monday Oct 28, 07:50	Japan	Retail Trade s.a (MoM)	Medium	1.9%
Tuesday Oct 28, 08:00	Czech Republic	Foundation of the independent Czechoslovak State
Tuesday Oct 28, 08:00	Czech Republic	St Wenceslas Day
Tuesday Oct 28, 08:00	Greece	The Ochi day
Tuesday Oct 28, 15:00	Germany	Import Price Index (YoY)	Low	-1.9%	-2.0%
Tuesday Oct 28, 15:00	Switzerland	UBS Consumption Indicator	Medium	1.35
Tuesday Oct 28, 15:00	Germany	Import Price Index (MoM)	Low	-0.1%	-0.1%
Tuesday Oct 28, 16:30	Sweden	Retail Sales (MoM)	Low	1.9%
Tuesday Oct 28, 16:30	Sweden	Retail Sales (YoY)	Low	4.6%
Tuesday Oct 28, 16:30	Sweden	Producer Price Index (MoM)	Low	1.0%
Tuesday Oct 28, 16:30	Sweden	Producer Price Index (YoY)	Low	2.7%
Tuesday Oct 28, 16:30	Sweden	Riksbank Interest Rate Decision	Low	0.25%
Tuesday Oct 28, 16:30	Sweden	Trade Balance (MoM)	Low	-2.8
Tuesday Oct 28, 17:00	Italy	Business Confidence	Low	95.1	94.9
Tuesday Oct 28, 17:30	South Africa	Unemployment Rate (%)	Low	25.5
Tuesday Oct 28, 17:30	South Africa	Unemployment Total	Low	5.154
Tuesday Oct 28, 20:30	United States	Durable Goods Orders	High	-18.2%	0.6%
Tuesday Oct 28, 20:30	United States	Durable Goods Orders ex Transportation	High	0.7%	0.5%
Tuesday Oct 28, 20:55	United States	Redbook index (MoM)	Low	0.1%
Tuesday Oct 28, 20:55	United States	Redbook index (YoY)	Low	4.1%
Tuesday Oct 28, 21:00	Hungary	MNB Interest Rate Decision	Low	2.1%
Tuesday Oct 28, 21:00	United States	S&P/Case-Shiller Home Price Indices (YoY)	Low	6.7%	5.9%
Tuesday Oct 28, 21:30	Slovakia	Current Account Balance EUR	Low	€94.0
Tuesday Oct 28, 22:00	United States	Consumer Confidence	High	86.0	87.0
Tuesday Oct 28, 22:00	United States	Richmond Fed Manufacturing Index	Low	14.0
Tuesday Oct 28, 23:30	United States	4-Week Bill Auction	Low	0.03%
Tuesday Oct 29, 01:00	United States	2-Year Note Auction	Low	0.589%
Tuesday Oct 29, 07:00	South Korea	Current Account Balance	Low	7.6
Tuesday Oct 29, 07:50	Japan	Industrial Production (MoM)	Low	-1.9%	2.2%
Tuesday Oct 29, 07:50	Japan	Industrial Production (YoY)	Medium	-3.3%
Wednesday Oct 29, 08:00	Turkey	Republic Day
Wednesday Oct 29, 08:00	New Zealand	ANZ Business Confidence	Low	13.4%
Wednesday Oct 29, 08:00	New Zealand	ANZ Activity Outlook	Low	37.0%
Wednesday Oct 29, 14:00	South Africa	M3 Money Supply (YoY)	Low	6.41%
Wednesday Oct 29, 14:00	South Africa	Private Sector Credit	Low	8.78%
Wednesday Oct 29, 15:45	France	Consumer Confidence	Low	86.0	86.0
Wednesday Oct 29, 16:00	Sweden	Consumer Confidence (MoM)	Low	102.4
Wednesday Oct 29, 16:00	Hungary	Unemployment Rate (3M)	Low	7.6%
Wednesday Oct 29, 16:00	Spain	Retail Sales (YoY)	Low	0.4%	0.6%
Wednesday Oct 29, 16:30	United Kingdom	Mortgage Approvals	Medium	64.212	62.25
Wednesday Oct 29, 17:00	Norway	Labour Force Survey	Low	3.4%
Wednesday Oct 29, 17:00	Norway	Retail Sales	Low	0.6%
Wednesday Oct 29, 17:00	Iceland	Consumer Price Index (MoM)	Low	-0.1%
Wednesday Oct 29, 17:00	Iceland	Consumer Price Index (YoY)	Low	1.8%
Wednesday Oct 29, 17:30	United Kingdom	M4 Money Supply (MoM)	Medium	0.3%	0.5%
Wednesday Oct 29, 17:30	United Kingdom	M4 Money Supply (YoY)	Low	-1.5%
Wednesday Oct 29, 17:30	United Kingdom	Consumer Credit	Medium	£0.898	£0.8
Wednesday Oct 29, 17:30	United Kingdom	Net Lending to Individuals (MoM)	Medium	£3.2	£2.8
Wednesday Oct 29, 18:30	India	M3 Money Supply	Low	12.6%
Wednesday Oct 29, 19:00	United States	MBA Mortgage Applications	Medium	11.6%
Wednesday Oct 29, 21:30	Canada	Industrial Product Price (MoM)	Low	0.2%	0.1%
Wednesday Oct 29, 21:30	Canada	Raw Material Price Index	Low	-2.2%	-0.6%
Wednesday Oct 29, 22:00	Belgium	Gross Domestic Product (QoQ)	Low	0.1%
Wednesday Oct 29, 22:00	South Korea	BOK Manufacturing BSI	Low	78.0
Wednesday Oct 29, 22:30	United States	EIA Crude Oil Stocks change	Medium	7.111
Wednesday Oct 30, 01:00	United States	5-Year Note Auction	Low	1.8%
Wednesday Oct 30, 02:00	United States	Fed’s Monetary Policy Statement	High
Wednesday Oct 30, 02:00	United States	Fed Interest Rate Decision	High	0.25%	0.25%
Wednesday Oct 30, 02:00	United States	Fed Pace of Treasury Purchase Program	High	$10.0
Wednesday Oct 30, 02:00	United States	Fed Pace of MBS Purchase Program	High	$5.0
Wednesday Oct 30, 05:00	New Zealand	RBNZ Interest Rate Decision	High	3.5%	3.5%
Wednesday Oct 30, 07:00	South Korea	Industrial Output (YoY)	Low	-2.8%
Wednesday Oct 30, 07:00	South Korea	Industrial Output Growth	Low	-3.8%
Wednesday Oct 30, 07:00	South Korea	Service Sector Output	Low	0.3%
Wednesday Oct 30, 07:50	Japan	Foreign bond investment	Medium	¥-1169.1
Wednesday Oct 30, 07:50	Japan	Foreign investment in Japan stocks	Medium	¥-412.6
Thursday Oct 30, 08:30	Australia	Export Price Index (QoQ)	Low	-7.9%	-4.8%
Thursday Oct 30, 08:30	Australia	Import Price Index (QoQ)	Low	-3.0%	0.0%
Thursday Oct 30, 09:00	Australia	HIA New Home Sales (MoM)	Medium	3.3%
Thursday Oct 30, 15:00	Austria	Gross Domestic Product (QoQ)	Low	0.2
Thursday Oct 30, 15:00	United Kingdom	Nationwide Housing Prices n.s.a (YoY)	Low	9.4%	8.5%
Thursday Oct 30, 15:00	United Kingdom	Nationwide Housing Prices s.a (MoM)	Low	-0.2%	0.3%
Thursday Oct 30, 16:00	Switzerland	KOF Leading Indicator	Medium	99.1	99.4
Thursday Oct 30, 16:00	Spain	Gross Domestic Product – Estimated (QoQ)	Low	0.6%	0.5%
Thursday Oct 30, 16:00	Spain	Gross Domestic Product – Estimated (YoY)	Low	1.2%	1.6%
Thursday Oct 30, 16:00	Spain	HICP (YoY)	Low	-0.3%	-0.2%
Thursday Oct 30, 16:00	Austria	Producer Price Index (MoM)	Low	-0.1
Thursday Oct 30, 16:00	Austria	Producer Price Index (YoY)	Low	-1.0
Thursday Oct 30, 16:00	Turkey	Consumer Confidence	Low	74.0
Thursday Oct 30, 16:00	Denmark	Industrial Outlook	Low	-9.0
Thursday Oct 30, 16:00	Denmark	Unemployment Rate	Low	3.9%
Thursday Oct 30, 16:55	Germany	Unemployment Change	High	13.0	5.0
Thursday Oct 30, 16:55	Germany	Unemployment Rate s.a.	High	6.7%	6.7%
Thursday Oct 30, 17:00	Austria	Purchasing Manager Index	Low	47.9
Thursday Oct 30, 17:30	South Africa	Producer Price Index (MoM)	Low	0.0%
Thursday Oct 30, 17:30	South Africa	Producer Price Index (YoY)	Low	7.2%
Thursday Oct 30, 17:30	Belgium	Consumer Price Index (MoM)	Low	-0.08%
Thursday Oct 30, 17:30	Belgium	Consumer Price Index (YoY)	Low	-0.12%
Thursday Oct 30, 18:00	European Monetary Union	Business Climate	Low	0.07	-0.01
Thursday Oct 30, 18:00	European Monetary Union	Consumer Confidence	Low	-11.4	-11.1
Thursday Oct 30, 18:00	European Monetary Union	Economic Sentiment Indicator	Low	99.9	99.7
Thursday Oct 30, 18:00	European Monetary Union	Industrial Confidence	Low	-5.5	-5.5
Thursday Oct 30, 18:00	Greece	Producer Price Index (YoY)	Low	-0.6%
Thursday Oct 30, 18:00	European Monetary Union	Services Sentiment	Low	3.2	3.1
Thursday Oct 30, 18:00	Portugal	Consumer Confidence	Low	-24.6
Thursday Oct 30, 18:00	Portugal	Business Confidence	Low	0.7
Thursday Oct 30, 20:00	South Africa	Trade Balance (in Rands)	Low	-6.88
Thursday Oct 30, 20:30	United States	Gross Domestic Product Annualized	High	4.6%	3.0%
Thursday Oct 30, 20:30	United States	Gross Domestic Product Price Index	Medium	2.1%	1.4%
Thursday Oct 30, 20:30	United States	Continuing Jobless Claims	Medium	2.351
Thursday Oct 30, 20:30	United States	Initial Jobless Claims	High	283.0
Thursday Oct 30, 20:30	United States	Core Personal Consumption Expenditures (QoQ)	Medium	2.0%	1.4%
Thursday Oct 30, 20:30	United States	Personal Consumption Expenditures Prices (QoQ)	Medium	2.3%	1.3%
Thursday Oct 30, 21:00	Germany	Consumer Price Index (MoM)	Medium	0.0%	-0.1%
Thursday Oct 30, 21:00	Germany	Harmonised Index of Consumer Prices (MoM)	Medium	0.0%	-0.1%
Thursday Oct 30, 21:00	Germany	Harmonised Index of Consumer Prices (YoY)	High	0.8%	0.9%
Thursday Oct 30, 21:00	Germany	Consumer Price Index (YoY)	High	0.8%	0.9%
Thursday Oct 30, 22:30	United States	EIA Natural Gas Storage change	Low	94.0
Thursday Oct 31, 01:00	United States	7-Year Note Auction	Low	2.235%
Thursday Oct 31, 04:30	Mexico	Fiscal Balance, pesos	Low	-13.52
Thursday Oct 31, 05:45	New Zealand	Building Permits s.a. (MoM)	Low	0.0%
Thursday Oct 31, 07:30	Japan	Jobs/applicants ratio	Medium	1.1	1.09
Thursday Oct 31, 07:30	Japan	National CPI Ex Food, Energy (YoY)	Medium	2.3%
Thursday Oct 31, 07:30	Japan	Overall Household Spending (YoY)	Medium	-4.7%	-4.3%
Thursday Oct 31, 07:30	Japan	Tokyo Consumer Price Index (YoY)	Low	2.9%
Thursday Oct 31, 07:30	Japan	Tokyo CPI ex Food, Energy (YoY)	Low	2.0%
Thursday Oct 31, 07:30	Japan	Tokyo CPI ex Fresh Food (YoY)	Low	2.6%	2.5%
Thursday Oct 31, 07:30	Japan	Unemployment Rate	Medium	3.5%	3.6%
Thursday Oct 31, 07:30	Japan	National Consumer Price Index (YoY)	High	3.3%
Thursday Oct 31, 07:30	Japan	National CPI Ex-Fresh Food (YoY)	Medium	3.1%	3.0%
Friday Oct 31, 08:00	Chile	Evangelical Churches Day
Friday Oct 31, 08:05	United Kingdom	Gfk Consumer Confidence	Medium	-1.0	-2.0
Friday Oct 31, 08:30	Australia	Producer Price Index (QoQ)	High	-0.1%
Friday Oct 31, 08:30	Australia	Producer Price Index (YoY)	High	2.3%
Friday Oct 31, 08:30	Australia	Private Sector Credit (MoM)	Low	0.4%	0.4%
Friday Oct 31, 08:30	Australia	Private Sector Credit (YoY)	Low	5.1%
Friday Oct 31, 10:00	Singapore	Unemployment rate	Low	2.0%
Friday Oct 31, 10:00	New Zealand	M3 Money Supply (YoY)	Low	5.2%
Friday Oct 31, 11:00	Japan	BoJ Monetary Policy Statement	Medium
Friday Oct 31, 13:00	Japan	Annualized Housing Starts	Medium	0.845
Friday Oct 31, 13:00	Japan	Construction Orders (YoY)	Low	8.6%
Friday Oct 31, 13:00	Japan	Housing Starts (YoY)	Medium	-12.5%	17.5%
Friday Oct 31, 14:00	Japan	BoJ outlook report	Medium
Friday Oct 31, 14:30	Japan	BoJ Press Conference	Medium
Friday Oct 31, 15:00	Germany	Retail Sales (MoM)	Medium	2.5%	-1.0%
Friday Oct 31, 15:00	Germany	Retail Sales (YoY)	Medium	0.1%	0.8%
Friday Oct 31, 15:45	France	Consumer Spending (MoM)	Low	0.7%	-0.3%
Friday Oct 31, 15:45	France	Producer Prices (MoM)	Low	-0.3%	-0.1%
Friday Oct 31, 16:00	Turkey	Trade Balance	Low	-8.04
Friday Oct 31, 16:00	Hungary	Producer Price Index (YoY)	Low	-0.4%
Friday Oct 31, 17:00	Italy	Consumer Price Index (EU Norm) (MoM)	Low	1.9%	0.1%
Friday Oct 31, 17:00	Italy	Consumer Price Index (EU Norm) (YoY)	Low	-0.1%	-0.1%
Friday Oct 31, 17:00	Italy	Consumer Price Index (MoM)	Low	-0.4%	-0.2%
Friday Oct 31, 17:00	Italy	Consumer Price Index (YoY)	Low	-0.2%	-0.2%
Friday Oct 31, 17:00	Italy	Unemployment	High	12.3%	12.4%
Friday Oct 31, 17:00	Norway	Registered Unemployment n.s.a	Low	2.7%
Friday Oct 31, 17:00	Norway	Registered Unemployment s.a	Low	86.71
Friday Oct 31, 17:00	Norway	Credit Indicator	Low	5.3%
Friday Oct 31, 17:00	Czech Republic	M2 Money Supply (YoY)	Low	3.7%
Friday Oct 31, 17:00	Spain	Current Account Balance	Low	€1.4
Friday Oct 31, 18:00	European Monetary Union	Consumer Price Index – Core (YoY)	High	0.8%
Friday Oct 31, 18:00	European Monetary Union	Consumer Price Index (YoY)	High	0.3%	0.4%
Friday Oct 31, 18:00	European Monetary Union	Unemployment Rate	Medium	11.5%	11.5%
Friday Oct 31, 18:00	Greece	Retail Sales (YoY)	Low	4.8%
Friday Oct 31, 18:30	India	Federal Fiscal Deficit, INR	Low	3979.29
Friday Oct 31, 19:00	Italy	Producer Price Index (MoM)	Low	0.0%	-0.2%
Friday Oct 31, 19:00	Italy	Producer Price Index (YoY)	Low	-1.7%	-2.0%
Friday Oct 31, 19:30	India	Bank Loan Growth	Low	11.0%
Friday Oct 31, 20:00	South Africa	Trade Balance (in Rands)	Low	-16.3
Friday Oct 31, 20:30	Canada	Gross Domestic Product (MoM)	Medium	0.0%	0.1%
Friday Oct 31, 20:30	United States	Personal Consumption Expenditures – Price Index (MoM)	Low	0.0%
Friday Oct 31, 20:30	United States	Core Personal Consumption Expenditure – Price Index (MoM)	Low	0.1%	0.1%
Friday Oct 31, 20:30	United States	Core Personal Consumption Expenditure – Price Index (YoY)	Medium	1.5%
Friday Oct 31, 20:30	United States	Employment cost index	Low	0.7%	0.5%
Friday Oct 31, 20:30	United States	Personal Consumption Expenditures – Price Index (YoY)	Low	1.5%
Friday Oct 31, 20:30	United States	Personal Income (MoM)	Medium	0.3%	0.3%
Friday Oct 31, 20:30	United States	Personal Spending	Medium	0.5%	0.1%
Friday Oct 31, 20:30	Brazil	Nominal Budget Balance	Low	-31.476
Friday Oct 31, 20:30	Brazil	Primary Budget Surplus	Low	-14.46
Friday Oct 31, 22:45	United States	Chicago Purchasing Managers’ Index	Medium	60.5	60.0
Friday Oct 31, 22:55	United States	Reuters/Michigan Consumer Sentiment Index	High	84.6	86.4
Friday Oct 31, 23:00	Mexico	Central Bank Interest Rate	Low	3.0%
Friday Nov 01, 03:00	Argentina	Industrial Output n.s.a (YoY)	Low	-2.9%
Saturday Nov 01, 08:00	Brazil	All Saints Day
Saturday Nov 01, 08:00	Chile	All Saints Day
Saturday Nov 01, 08:00	France	All Saints Day
Saturday Nov 01, 08:00	Italy	All Saints Day
Saturday Nov 01, 08:00	Sweden	All Saints Day
Saturday Nov 01, 08:00	Slovakia	All Saints Day
Saturday Nov 01, 08:00	Spain	All Saints’ Day
Saturday Nov 01, 08:00	Belgium	All Saints Day
Saturday Nov 01, 08:00	Hungary	All Saints Day
Saturday Nov 01, 08:00	Poland	All Saints Day
Saturday Nov 01, 08:00	Austria	All Saints’ Day
Saturday Nov 01, 08:00	South Korea	Trade Balance	Low	$3.4
Saturday Nov 01, 09:00	China	NBS Manufacturing PMI	High	51.1
Saturday Nov 01, 14:00	Peru	Inflation	Low	0.16%
Saturday Nov 01, 16:30	Turkey	Exports	Low	$13.3
Saturday Nov 02, 05:00	Argentina	Tax Revenue (MoM)	Low	98.719

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Top Forex Brokers:Forex Weekly Economic Calendar For Oct 26, 2014-Nov 1, 2014

MasterForex(MFX):“Magnificent Eight” contest continues: win your iPhone 6!

MasterForex(MFX):“Magnificent Eight” contest continues: win your iPhone 6

On 2nd October MFX Broker celebrated its 8th birthday!

Every year you send us a lot of different congratulations on our birthday! This year we decided to continue the tradition and announced the start of “Magnificent Eight” contest in the honor of company’s 8th Birthday!

Denis Kulagin, head of MFX Broker marketing department: 

“There are already really great works and congratulations; however, the contest still continues. All clients and partners can congratulate the company on its holiday, and become the owner of super new Apple gadget iPhone 6. There are no limitations for imagination! It may be anything: card, picture, poem, song, anthem, needlework, photo-collage, and many other things”.

8 authors of the most interesting congratulations will share the prize fund of more than $3000. Author of the best congratulation will become the owner of super prize from MFX Broker: new iPhone 6! 

Main conditions:

1. Leave your congratulation on MFX Daily site in the section Congratulations 2014


2. Company name and logo should be mentioned in the congratulation


3. Do not forget to share your congratulation in social networks with #mfxbroker hash-tag


4. You must be registered in MFX Broker Personal cabinet, because the prize will be credited to your trading account.

Profit gained in the course of trading with prize money is available for withdrawing without limitations.

Contest’s duration: 30 September – 30 October.
Leave your congratulation – share our holiday! 

We also remind that in the frame of MFX Broker birthday the company holds promotion 200% Knockdown bonus for clients, and all partners have commission increased to 2 pips. Catch the opportunity to use unique conditions! 

Best regards, 

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MasterForex(MFX):“Magnificent Eight” contest continues: win your iPhone 6!