http://www.axitrader.com/forex-trading-broker/?promocode=12-428600 The most important reason for trading with Axitrader, in my opinion, is if you’re doing the Price Action Forex Trading course from Nial Fuller, which I doing and highly recommend. At any rate, in this video I show the workings on my MT4 platform and the state of my latest trades. Its my first […]
Forex Trading in South Africa.
I’ve been blogging about Forex Trading and investigating the market for a long time now. I’ve dabbled in and out of actively trading the market and I’ve had varying results but one thing that I’m happy about is finding a solid trading systems, solid brokers and a long term approach to currency speculation.
So if you’re a total newbie to the industry of forex trading and you want to start your career with the best then listen up. The first thing is to find a mentor and a credible teacher to teach you the art, science and discipline of navigating your way through the morass of forex trading.
Finding the right Forex Broker to Open an account with
The one I’ve found has asked me not to associate his name with AxiTrader so you need to contact me, details below, and I’ll send you the link to the site. You can also check out this forex course which I read is very good and pays me a small commission for your
If you have a PRO Axitrader account, they give you a Free forex VPS on a server but if you already have a broker then check out Forex VPS, they have some good plans.
For more information about any of these opportunities please contact me and I’ll help you get involved the right way. My mobile number is (082) 561-4455.
The Latest Forex Trading Articles from the Blog
The euro hovered close to an 11-month low of 1.3241 against the dollar. Further losses were paused after the release of better-than-expected German PMI, which lent some support to the euro. The composite German PMI was strong at 54.9 with strength in the service sector and a stronger-than-expected manufacturing PMI at 52 was very encouraging. […]
The Bank of England released its policy meeting minutes from the August 6-7 meeting today, surprising markets by showing a more hawkish inclination than usual. Two of the central bank’s 9-member Monetary Policy Committee (MPC) were in favour of hiking interest rates in August. This was the first time in three years that not all […]
The US dollar jumped higher after data released today showed positive signs for the US housing market . A report showed housing starts reached the highest level in eight months, signaling that the housing market has rebounded and should provide some support for economic growth in the US. Home construction starts rose 15.7% to a […]
The euro was resilient despite a run of disappointing Eurozone data today which showed the region’s economy stalled in the second quarter of the year. A surprise contraction in Germany and weakness in the French economy dragged overall gross domestic product figures. The Eurozone was expected to grow by at least 0.1%, a slightly slower […]
The dollar tumbled against the yen and other major counterparts and US Treasuries reversed earlier gains following a soft US retail sales report on Wednesday. According to a report from the US Commerce Department, retail sales missed forecasts in July and fell short of the 0.2% projections to remain flat from June’s 0.2% increase. The […]
The euro was one of the worst performing major currencies today as it plumbed close to a one year low, losing 0.2% to reach 1.3332. The catalyst to the euro’s decline was a weak German ZEW investor confidence survey for the month of August. The index dropped to a 1 ½ year low 8.6, worse […]
The risk environment was improved today, with the easing in concerns over Ukraine overshadowing tensions in Iraq. The yen remained weak against the dollar as an uptick in risk appetite today reduced demand for the safe haven currency. The key risk for the Japanese currency will be this week’s Japanese GDP numbers, expected to drop […]
Major central bank meetings were the focus of the markets today. Both the European Central Bank and the Bank of England left their benchmark interest rates unchanged at respective record lows, as widely anticipated. The ECB left its refinancing rate at 0.15% and its deposit rate at negative 0.10%. The euro was little moved after […]
The US dollar was broadly stronger against risk currencies due to damp risk sentiment today as geopolitical tensions are back to the fore regarding Russia and the Ukraine crisis. Meanwhile Tuesday’s strong US ISM non-manufacturing data also helped lend support to the greenback. The euro fell to a new 8-month low of 1.3332 in early […]
The euro extended losses after some disappointing data on the purchasing mangers’ index (PMI) for the services sector. While the euro zone’s final services PMI came in at 54.2, up from 52.2 in June, it slowed slightly from a preliminary reading of 54.4. It was Italy’s services PMIs which disappointed markets and pushed the euro […]
The main economic data out of Europe today included UK construction PMI and Eurozone Sentix investor confidence data although the releases did not move the euro or sterling much. Data showed that house construction in the UK rose last month at the fastest rate since November 2003. Construction PMI rose to 62.4, beating expectations of […]
The US dollar was broadly stronger and continued to strengthen as it is being supported by strong-than-expected US growth data from Wednesday, which helped boost treasury yields. The not-so-hawkish FOMC statement that followed the GDP data capped gains for the dollar though. Meanwhile, despite today’s initial jobless claims data increasing and missing forecasts, the dollar […]
Inflation data from the Eurozone were released today for the month of July, showing a drop to well below the European Central Bank’s 2% target and to a five-year low. The consumer price index (CPI) came in at 0.4% , which was below expectations of 0.5% and down from 0.5% in June . This was […]
EURGBP has been in a downward channel since the 2014 high of 0.8399 hit on March 18. The pair maintains its bearish outlook below they key level at 0.8000. Daily technical indicators are in bearish territory although have now turned neutral – RSI, MACD and stochastic have flattened out, suggesting some exhaustion from selling pressure. […]
Tuesday’s wide range of data out of Japan concerning retail sales, unemployment, household spending and job openings-to-applicants showed that the economy was slowly improving following the April sales tax hike shock. However the pace of improvement was a little slower-than-expected as some key indicators missed expectations. For example, household spending rose by 1.5% month-on-month versus […]