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EarnForex.com Monthly Newsletter
*March 1, 2011*
Welcome to the latest issue of EarnForex.com newsletter — March
2011.
2011.
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.
most important Forex-related events of the last month and will also
show you the list of the site's latest updates.
*
Overview of the major currency pairs' performance in February*
Overview of the major currency pairs' performance in February*
*EUR/USD* — posted an almost perfect V-pattern in February. It was
at its maximum at 1.3861 on February 2, at its minimum at 1.3428 on
February 14, finishing the month at 1.3808.
at its maximum at 1.3861 on February 2, at its minimum at 1.3428 on
February 14, finishing the month at 1.3808.
*GBP/USD* — followed EUR/USD closely but turned out to be more
bullish last month. The highest monthly rate was at 1.6277 on February
3, while the lowest — at 1.5962 on February 11. GBP/USD finished
February trading at 1.6265.
bullish last month. The highest monthly rate was at 1.6277 on February
3, while the lowest — at 1.5962 on February 11. GBP/USD finished
February trading at 1.6265.
*USD/JPY* — demonstrated a perfect inverted V-pattern. The pair
rose to as high as 83.97 on February 16, reaching a bottom at 81.08 on
February 4 and closing the month with the 81.76 rate.
rose to as high as 83.97 on February 16, reaching a bottom at 81.08 on
February 4 and closing the month with the 81.76 rate.
*EUR/JPY* — moved sideways in February with a slight bullish slope.
The monthly high was at 114.19 on February 21, the monthly low — at
110.77 on February 4. Trading ended at 112.91 for this currency pair.
The monthly high was at 114.19 on February 21, the monthly low — at
110.77 on February 4. Trading ended at 112.91 for this currency pair.
*GBP/JPY* — traded up and down with a high volatility. The maximum
level for this pair was at 135.51 on February 18, while the minimum
— at 130.93 on February 1. The month's trading ended at 132.99 for
GBP/JPY.
level for this pair was at 135.51 on February 18, while the minimum
— at 130.93 on February 1. The month's trading ended at 132.99 for
GBP/JPY.
*
Fundamental background of the past month*
Fundamental background of the past month*
Continued unrests in almost all Middle East and North African
countries were a major theme of February. Currency markets were
affected by a
new surge of risk-aversion and, at the same time, a new oil-rush. As
the riots
in Libya threatened the oil exports from the third-biggest producer
in Africa.
The Japanese yen was the main beneficiary of these events. The last
week of the
month was also a negative one for the New Zealand dollar, which
suffered from
the devastating earthquake that shook the NZ city of Christchurch.
countries were a major theme of February. Currency markets were
affected by a
new surge of risk-aversion and, at the same time, a new oil-rush. As
the riots
in Libya threatened the oil exports from the third-biggest producer
in Africa.
The Japanese yen was the main beneficiary of these events. The last
week of the
month was also a negative one for the New Zealand dollar, which
suffered from
the devastating earthquake that shook the NZ city of Christchurch.
*
Interest rate changes in February*
Interest rate changes in February*
Country
Old Rate
Change
New Rate
Chile
3.50%
+0.25%
3.25%
Sweden
1.50%
+0.25%
1.25%
Russia
8.00%
+0.25%
7.75%
*
Top 5 Forex brokers of the last month*
Top 5 Forex brokers of the last month*
The top 5 Forex brokers, as rated by the visitors of EarnForex.com
<http://www.earnforex.com/>
are the following:
<http://www.earnforex.com/>
are the following:
MB Trading <http://www.earnforex.com/forex-brokers/MBTrading>
— 8.3
FxPro <http://www.earnforex.com/forex-brokers/FxPro>
— 7.9
Renesource Capital
<http://www.earnforex.com/forex-brokers/RenesourceCapital>
— 7.7
Forexoma <http://www.earnforex.com/forex-brokers/Forexoma>
— 7.6
2pipdixed <http://www.earnforex.com/forex-brokers/2pipfixed>
— 6.8
— 8.3
FxPro <http://www.earnforex.com/forex-brokers/FxPro>
— 7.9
Renesource Capital
<http://www.earnforex.com/forex-brokers/RenesourceCapital>
— 7.7
Forexoma <http://www.earnforex.com/forex-brokers/Forexoma>
— 7.6
2pipdixed <http://www.earnforex.com/forex-brokers/2pipfixed>
— 6.8
To qualify for the position in this top 5 rating a Forex broker
should have at least 5 votes. Don't forget to rate your favorite
broker <http://www.earnforex.com/forex-brokers/>
if you haven't done so already.
should have at least 5 votes. Don't forget to rate your favorite
broker <http://www.earnforex.com/forex-brokers/>
if you haven't done so already.
*
Forex e-books*
Forex e-books*
No new Forex books have been published on EarnForex.com since
the last issue of the newsletter, but you can always browse the
previously
uploaded books <http://www.earnforex.com/forex-e-books/>
.
the last issue of the newsletter, but you can always browse the
previously
uploaded books <http://www.earnforex.com/forex-e-books/>
.
*
Forex articles*
Forex articles*
No new Forex articles have been published on EarnForex.com since
the last issue of the newsletter, but you can always browse the
previously
uploaded articles <http://www.earnforex.com/forex-articles>
.
the last issue of the newsletter, but you can always browse the
previously
uploaded articles <http://www.earnforex.com/forex-articles>
.
*
Forex brokers*
Forex brokers*
Two new Forex brokers have been added to EarnForex.com since the
last issue of the newsletter:
last issue of the newsletter:
Forex Control <http://www.earnforex.com/forex-brokers/ForexControl>
— an Indian Forex broker with particularly good conditions for
Indians and Muslims. It's a MetaTrader broker with PAMM-accounts and
$250 minimum.
Forex-Trend <http://www.earnforex.com/forex-brokers/Forex-Trend>
— a Ukrainian Forex broker with easy entry conditions and a unique
PAMM system (risk-sharing).
— an Indian Forex broker with particularly good conditions for
Indians and Muslims. It's a MetaTrader broker with PAMM-accounts and
$250 minimum.
Forex-Trend <http://www.earnforex.com/forex-brokers/Forex-Trend>
— a Ukrainian Forex broker with easy entry conditions and a unique
PAMM system (risk-sharing).
*
Forex VPS providers*
Forex VPS providers*
No new Forex VPS providers have been added to EarnForex.com
since the last issue of the newsletter, but you can always browse the
previously
added VPS companies <http://www.earnforex.com/forex-vps-hosting>
.
since the last issue of the newsletter, but you can always browse the
previously
added VPS companies <http://www.earnforex.com/forex-vps-hosting>
.
*
MetaTrader indicators*
MetaTrader indicators*
One new MetaTrader indicator has been added to EarnForex.com
since the last issue of the newsletter:
since the last issue of the newsletter:
Keltner Channel
<http://www.earnforex.com/metatrader-indicators/Keltner-Channel>
<http://www.earnforex.com/metatrader-indicators/Keltner-Channel>
You can always view the previously uploaded
Forex indicators <http://www.earnforex.com/metatrader-indicators>
.
Forex indicators <http://www.earnforex.com/metatrader-indicators>
.
*
MetaTrader expert advisors*
MetaTrader expert advisors*
No new expert advisors have been added to EarnForex.com since
the last newsletter issue, but you can always browse the previously
added
MetaTrader EAs <http://www.earnforex.com/metatrader-expert-advisors/>
.
the last newsletter issue, but you can always browse the previously
added
MetaTrader EAs <http://www.earnforex.com/metatrader-expert-advisors/>
.
*
Forex polls*
Forex polls*
Have you ever been scammed by a broker?
<http://www.earnforex.com/blog/2011/02/how-forex-traders-get-scammed-by-brokers/>
<http://www.earnforex.com/blog/2011/02/how-forex-traders-get-scammed-by-brokers/>
What is the optimal period for strategy testing in Forex?
<http://www.earnforex.com/blog/2011/02/optimal-period-for-strategy-testing/>
<http://www.earnforex.com/blog/2011/02/optimal-period-for-strategy-testing/>
You can also browse the full list of
Forex polls <http://www.earnforex.com/blog/tag/forex-poll/>
from
EarnForex.com.
Forex polls <http://www.earnforex.com/blog/tag/forex-poll/>
from
EarnForex.com.
*
Forex strategies*
Forex strategies*
No new Forex strategies have been added to EarnForex.com since
the last issue of the newsletter but you can also browse the
previously added
Forex strategies <http://www.earnforex.com/forex-strategy/>
.
the last issue of the newsletter but you can also browse the
previously added
Forex strategies <http://www.earnforex.com/forex-strategy/>
.
*
Forex industry news*
Forex industry news*
There were the following important Forex industry news in
February:
February:
Several international Forex brokers (including
FXOpen <http://www.earnforex.com/forex-brokers/FXOpen>
,
InstaForex <http://www.earnforex.com/forex-brokers/InstaForex>
and
MasterForex <http://www.earnforex.com/forex-brokers/MasterForex>
)
stopped accepting new US members and ceased operations of all their
current US
clients due to a
court action by CFTC
<http://www.cftc.gov/PressRoom/PressReleases/pr5974-11.html>
.
IBTimes <http://www.ibtimes.com/>
partners with
MetaQuotes <http://www.metaquotes.net/>
to deliver live news for the
MetaTrader platform.
Alpari <http://www.earnforex.com/forex-brokers/Alpari>
launches trading accounts denominated in gold.
Forex Club <http://www.earnforex.com/forex-brokers/ForexClub>
offers its own iPad trading platform.
Forex Factory <http://www.forexfactory.com/>
launches
Trade Explorer Beta
<https://secure.forexfactory.com/profile.php?do=explorer>
—
a tool to monitor and analyze MetaTrader accounts.
FXOpen <http://www.earnforex.com/forex-brokers/FXOpen>
,
InstaForex <http://www.earnforex.com/forex-brokers/InstaForex>
and
MasterForex <http://www.earnforex.com/forex-brokers/MasterForex>
)
stopped accepting new US members and ceased operations of all their
current US
clients due to a
court action by CFTC
<http://www.cftc.gov/PressRoom/PressReleases/pr5974-11.html>
.
IBTimes <http://www.ibtimes.com/>
partners with
MetaQuotes <http://www.metaquotes.net/>
to deliver live news for the
MetaTrader platform.
Alpari <http://www.earnforex.com/forex-brokers/Alpari>
launches trading accounts denominated in gold.
Forex Club <http://www.earnforex.com/forex-brokers/ForexClub>
offers its own iPad trading platform.
Forex Factory <http://www.forexfactory.com/>
launches
Trade Explorer Beta
<https://secure.forexfactory.com/profile.php?do=explorer>
—
a tool to monitor and analyze MetaTrader accounts.
*
Until next newsletter issue!*
Until next newsletter issue!*
That's all for the March issue of the EarnForex.com
newsletter. If you have questions, comments or just want to see
something else
in the next monthly issue, please contact me
<http://www.earnforex.com/contact>
.
newsletter. If you have questions, comments or just want to see
something else
in the next monthly issue, please contact me
<http://www.earnforex.com/contact>
.
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