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EarnForex.com Monthly Newsletter
*December 3, 2013*
Welcome to the latest issue of EarnForex.com newsletter — December
2013.
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: Martingale System — Going Broke*
Although the Martingale betting technique is at least two centuries
old, it somehow continues to gain new proponents even now.
Surprisingly, it is popular even among online Forex traders —
presumably, the intelligent elite of the risk-taking part of the
internet.
As you know, its main principle is to increase your position size each
time you lose. I do not want to preach about the hazards and dangers
of employing Martingale strategy. I just want to remind you that this
system is designed to be used with an infinite account balance.
Yes, Martingale trading can be profitable even without an infinite
balance, but then, it requires luck first to earn your profit and then
to get out with it. If you are not convinced, you are welcome to try
the Martingale Simulator referenced below.
References:
Poll on Martingale Strategy Usage
<http://www.earnforex.com/blog/do-you-use-robot-or-strategy-with-martingale-position-sizing/?utm_source=newsletter&utm_medium=email&utm_campaign=n201312>
Martingale Simulator (coded in C++)
<http://www.forexfactory.com/showthread.php?p=7122427>
*
Overview of the major currency pairs' performance in November*
*EUR/USD* — Dropped abruptly during the first days of the month, but
managed to rally during the rest of November trading days. It was at
the maximum at 1.3621 on November 29, at its minimum at 1.3296 on
November 7, finishing the month at 1.3590.
*GBP/USD* — After some up-and-downs of the first decade, the pair
rallied to new long-term maximums. The highest monthly rate was at
1.6384 on November 29, while the lowest — at 1.5854 on November 12.
GBP/USD finished November trading at 1.6366.
*USD/JPY* — Was in a steady rising trend during November. The pair
rose to as high as 102.60 on November 29, reaching a bottom at 97.63
on November 7 and closing the month with the 102.41 rate.
*EUR/JPY* — Following some early month weakness, EUR/JPY rallied to
new 5-year high. The monthly high was at 139.70 on November 29, the
monthly low — at 131.22 on November 7. Trading ended at 139.18 for
this currency pair.
*GBP/JPY* — Was undisputed leader in gains among major JPY pairs in
November. The maximum level for this pair was 167.86 on November 29,
while the minimum — 156.62 on November 5. The month's trading ended
at 167.57 for GBP/JPY.
*
Fundamental background of the past month*
November was a bit uneventful for the US dollar. Government economic
reports were being released following the pause in releases due to the
federal agencies shutdown, but looked somewhat unreliable. Among the
reports were nonfarm payrolls
<http://www.topforexnews.com/2013/11/09/cad-loses-usd-gains-vs-major-employment-data/?utm_source=newsletter&utm_medium=email&utm_campaign=n201312>
, which were unexpectedly good. The major theme was potential
quantitative easing tapering
<http://www.topforexnews.com/2013/11/14/us-dollar-stronger-outlook-bond-buying-reduction/?utm_source=newsletter&utm_medium=email&utm_campaign=n201312>
by the Federal Reserve in December (Dectaper).
The past month was not good for the euro. Lower growth forecasts
<http://www.topforexnews.com/2013/11/05/euro-soft-damaged-signs-weaker-recovery/?utm_source=newsletter&utm_medium=email&utm_campaign=n201312>
, an unexpected interest rate cut
<http://www.topforexnews.com/2013/11/07/big-surprise-ecb-cuts-interest-rates/?utm_source=newsletter&utm_medium=email&utm_campaign=n201312>
from the European Central Bank, downgrade
<http://www.topforexnews.com/2013/11/08/france-downgrade-ecb-rate-cut-weigh-euro/?utm_source=newsletter&utm_medium=email&utm_campaign=n201312>
of France's credit rating, talks about negative interest rates –
all these news sapped strength from the shared 17-nation currency. Yet
the euro was not as weak as one might expected and was able to rise
<http://www.topforexnews.com/2013/11/26/euro-logs-gains-major-counterparts/?utm_source=newsletter&utm_medium=email&utm_campaign=n201312>
against many other most-traded currencies thanks to some positive
macroeconomic data
<http://www.topforexnews.com/2013/11/29/latest-eurozone-economic-data-helps-euro/?utm_source=newsletter&utm_medium=email&utm_campaign=n201312>
.
The Great Britain pound was a real powerhouse in November. Signs of
persistent economic recover
<http://www.topforexnews.com/2013/11/16/britains-recovery-makes-pound-stronger/?utm_source=newsletter&utm_medium=email&utm_campaign=n201312>
y and prospects for higher interest rates
<http://www.topforexnews.com/2013/11/14/boe-inflation-report-sends-pound-higher/?utm_source=newsletter&utm_medium=email&utm_campaign=n201312>
helped the currency to rally to multi-year highs.
The Japanese yen, on the contrary, reached multi-year lows
<http://www.topforexnews.com/2013/11/27/yen-drops-multi-year-lows/?utm_source=newsletter&utm_medium=email&utm_campaign=n201312>
and was among the biggest losers
<http://www.topforexnews.com/2013/11/30/yen-among-biggest-losers-week-month/?utm_source=newsletter&utm_medium=email&utm_campaign=n201312>
over the month.
*
Interest rate changes in November*
*Brazil*
9.50%
+0.50%
10.00%
*Chile*
4.75%
-0.25%
4.50%
*Hungary*
3.40%
-0.20%
3.20%
*Indonesia*
7.25%
+0.25%
7.50%
*Latvia*
1.75%
-0.25%
1.50%
*Romania*
4.25%
-0.25%
4.00%
*Singapore*
0.21%
-0.00%
0.21%
*
Top 5 Forex brokers of the last month*
The top 5 Forex brokers, as reviewed by the visitors of EarnForex.com
<http://www.earnforex.com/?utm_source=newsletter&utm_medium=email&utm_campaign=n201312>
are the following:
FreshForex
<http://www.earnforex.com/forex-brokers/FreshForex?utm_source=newsletter&utm_medium=email&utm_campaign=n201312>
— 10
GAINSY
<http://www.earnforex.com/forex-brokers/GAINSY?utm_source=newsletter&utm_medium=email&utm_campaign=n201312>
— 10
Tradenext
<http://www.earnforex.com/forex-brokers/Tradenext?utm_source=newsletter&utm_medium=email&utm_campaign=n201312>
— 10
IFC Markets
<http://www.earnforex.com/forex-brokers/IFCMarkets?utm_source=newsletter&utm_medium=email&utm_campaign=n201312>
— 10
3TG Brokers
<http://www.earnforex.com/forex-brokers/3TGBrokers?utm_source=newsletter&utm_medium=email&utm_campaign=n201312>
— 10
To qualify for the position in this list, a Forex broker should have
at least 3 qualified reviews. Do not forget to review your favorite
broker
<http://www.earnforex.com/forex-brokers/?utm_source=newsletter&utm_medium=email&utm_campaign=n201312>
if you have not done so already.
*
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/?utm_source=newsletter&utm_medium=email&utm_campaign=n201312>
.
*
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?utm_source=newsletter&utm_medium=email&utm_campaign=n201312>
.
*
Forex brokers*
Four new Forex brokers have been added to EarnForex.com since the
last issue of the newsletter:
Forex Time
<http://www.earnforex.com/forex-brokers/ForexTime?utm_source=newsletter&utm_medium=email&utm_campaign=n201312>
— a Cyprus/UK company with $2 minimum to access ECN trading and
$0.01 to start trading on common cent account.
Swissquote
<http://www.earnforex.com/forex-brokers/Swissquote?utm_source=newsletter&utm_medium=email&utm_campaign=n201312>
— a major Swiss broker with MetaTrader 4 platform and mini accounts
starting from $1,000.
Alfa-Forex
<http://www.earnforex.com/forex-brokers/Alfa-Forex?utm_source=newsletter&utm_medium=email&utm_campaign=n201312>
— a Russian Forex company, which is a part of one of the Russia's
biggest banking groups. Trading starts from $1 on MT4 and MT5
accounts.
Hirose UK
<http://www.earnforex.com/forex-brokers/HiroseUK?utm_source=newsletter&utm_medium=email&utm_campaign=n201312>
— an FCA-regulated company with two trading platforms (MetaTrader 4
and LION Trader) and $3 minimum account size.
You can always view our full
list of Forex brokers
<http://www.earnforex.com/forex-brokers/?utm_source=newsletter&utm_medium=email&utm_campaign=n201312>
.
*
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?utm_source=newsletter&utm_medium=email&utm_campaign=n201312>
.
*
MetaTrader indicators*
No new MetaTrader indicators have been added to EarnForex.com
since the last issue of the newsletter, but you can always view the
previously
uploaded
Forex indicators
<http://www.earnforex.com/metatrader-indicators?utm_source=newsletter&utm_medium=email&utm_campaign=n201312>
.
*
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/?utm_source=newsletter&utm_medium=email&utm_campaign=n201312>
.
*
Forex polls*
Two new polls have been posted in the EarnForex blog
<http://www.earnforex.com/blog/?utm_source=newsletter&utm_medium=email&utm_campaign=n201312>
:
Do Use Martingale Position Sizing?
<http://www.earnforex.com/blog/do-you-use-robot-or-strategy-with-martingale-position-sizing/?utm_source=newsletter&utm_medium=email&utm_campaign=n201312>
What Online Analytical or Forecast Reports Do You Follow and Use in
Trading?
<http://www.earnforex.com/blog/do-you-use-currency-analytical-reports-found-online/?utm_source=newsletter&utm_medium=email&utm_campaign=n201312>
You can also browse the full list of
Forex polls
<http://www.earnforex.com/blog/tag/forex-poll/?utm_source=newsletter&utm_medium=email&utm_campaign=n201312>
from
EarnForex.com.
*
Forex strategies*
No new Forex strategies have been added to EarnForex.com since
the last issue of the newsletter, but you can always browse the
previously added
Forex strategies
<http://www.earnforex.com/forex-strategy/?utm_source=newsletter&utm_medium=email&utm_campaign=n201312>
.
*
Forum*
Top 5 hot topics on EarnForex
Forum
<http://www.earnforex.com/forum/?utm_source=newsletter&utm_medium=email&utm_campaign=n201312>
started in November:
6 things to ask your Forex Broker
<http://www.earnforex.com/forum/f4/6-things-ask-your-forex-broker-15935/?utm_source=newsletter&utm_medium=email&utm_campaign=n201312>
Have you ever heard of portfolio trading??
<http://www.earnforex.com/forum/f4/have-you-ever-heard-portfolio-trading-15936/?utm_source=newsletter&utm_medium=email&utm_campaign=n201312>
US criticizes Germany
<http://www.earnforex.com/forum/f5/us-criticzes-germany-15923/?utm_source=newsletter&utm_medium=email&utm_campaign=n201312>
Technical Outlook, Strategies & Commentaries On The Major Currencies
<http://www.earnforex.com/forum/f7/technical-outlook-strategies-commentaries-major-currencies-15967/?utm_source=newsletter&utm_medium=email&utm_campaign=n201312>
Who told you about Forex Trading?
<http://www.earnforex.com/forum/f4/who-told-you-about-forex-trading-16036/?utm_source=newsletter&utm_medium=email&utm_campaign=n201312>
*
Forex industry news*
There were the following important Forex industry news since the
last issue of the newsletter:
MasterForex
<http://www.earnforex.com/forex-brokers/MasterForex?utm_source=newsletter&utm_medium=email&utm_campaign=n201312>
withdraws
<http://www.forexbrokernews.com/masterforex/mfx-broker-has-withdrawn-from-the-kroufr/?utm_source=newsletter&utm_medium=email&utm_campaign=n201312>
its membership from KROUFR <http://www.kroufr.ru/>
.
ACM broker has completely merged with Swissquote
<http://www.earnforex.com/forex-brokers/Swissquote?utm_source=newsletter&utm_medium=email&utm_campaign=n201312>
.
Alpari
<http://www.earnforex.com/forex-brokers/Alpari?utm_source=newsletter&utm_medium=email&utm_campaign=n201312>
drops support of ZuluTrade platform.
RoboForex
<http://www.earnforex.com/forex-brokers/RoboForex?utm_source=newsletter&utm_medium=email&utm_campaign=n201312>
launches Currenex Viking trading platform.
*
Until the next newsletter issue!*
That's all for the December 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
<http://www.earnforex.com/contact?utm_source=newsletter&utm_medium=email&utm_campaign=n201312>
.
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