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EarnForex.com Monthly Newsletter
*May 1st, 2012*
Welcome to the latest issue of EarnForex.com newsletter — May
2012.
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.
*
Overview of the major currency pairs' performance in April*
*EUR/USD* — demonstrated something in-between L-pattern and
U-pattern. It was at the maximum at 1.3380 on April 2, at its minimum
at 1.2994 on April 16, finishing the month at 1.3238.
*GBP/USD* — posted a strong bullish rally after a relatively small
drawdown in the first half of April. The highest monthly rate was at
1.6300 on April 30, while the lowest — at 1.5804 on April 5. GBP/USD
finished April trading at 1.6231.
*USD/JPY* — went straight down with a small correction halfway
through the month. The pair rose to as high as 83.30 on April 2,
reaching a bottom at 79.73 on April 30 and closing the month with the
79.81 rate.
*EUR/JPY* — failed to continue a rapid drop of the first half of
April and went sideways through the rest of the month. The monthly
high was at 111.14 on April 2, the monthly low — at 104.61 on April
16. Trading ended at 105.65 for this currency pair.
*GBP/JPY* — posted an almost perfect V-pattern with a broken right
wing. The maximum level for this pair was at 133.24 on April 2, while
the minimum — at 127.10 on April 16. The month's trading ended at
129.55 for GBP/JPY.
*
Fundamental background of the past month*
Greek debt contagion spread to Spain and other countries of South
Europe.
Markets reacted to talks about possible need of a new bail-out.
Additional
disadvantage for the euro was brought by the
French presidential elections
<http://www.topforexnews.com/2012/04/23/euro-down-on-pmi-concerns-about-french-elections/?utm_source=n201205&utm_medium=web&utm_campaign=n201205>
,
showing little chance for the current president, Nicolas Sarcozy, to
win his
second term.
Great Britain pound turns out to be a major beneficiary of both the
improving
domestic macroeconomics and the troubles in the Eurozone.
Japanese yen continued to rise despite the
new efforts
<http://www.topforexnews.com/2012/04/27/yen-gains-even-as-bank-of-japan-adds-stimulus/?utm_source=n201205&utm_medium=web&utm_campaign=n201205>
by the Bank of Japan to
flood the currency markets with yen. There were concerns related to
the North
Korean space satellite launch, but they faded quickly after
it has failed
<http://www.topforexnews.com/2012/04/13/won-gains-as-north-korean-rocket-launch-fails/?utm_source=n201205&utm_medium=web&utm_campaign=n201205>
.
*
Interest rate changes in April*
Country
Old Rate
Change
New Rate
Brazil
9.75%
-0.75%
9.00%
India
9.50%
-0.50%
9.00%
*
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/?utm_source=n201205&utm_medium=web&utm_campaign=n201205>
are the following:
AccentForex
<http://www.earnforex.com/forex-brokers/AccentForex?utm_source=n201205&utm_medium=web&utm_campaign=n201205>
— 6.7
N2 Capital Markets
<http://www.earnforex.com/forex-brokers/N2CapitalMarkets?utm_source=n201205&utm_medium=web&utm_campaign=n201205>
— 6.6
CitiFX Pro
<http://www.earnforex.com/forex-brokers/CitiFXPro?utm_source=n201205&utm_medium=web&utm_campaign=n201205>
— 6.6
Velocity Trade
<http://www.earnforex.com/forex-brokers/VelocityTrade?utm_source=n201205&utm_medium=web&utm_campaign=n201205>
— 6.4
OctaFX
<http://www.earnforex.com/forex-brokers/OctaFX?utm_source=n201205&utm_medium=web&utm_campaign=n201205>
— 6.4
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.
*
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=n201205&utm_medium=web&utm_campaign=n201205>
.
*
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=n201205&utm_medium=web&utm_campaign=n201205>
.
*
Forex brokers*
13 new Forex brokers have been added to EarnForex.com since the
last issue of the newsletter:
DF Markets
<http://www.earnforex.com/forex-brokers/DFMarkets?utm_source=n201205&utm_medium=web&utm_campaign=n201205>
— a regulated UK broker with $1 minimum account size.
1LotSTP.com
<http://www.earnforex.com/forex-brokers/1LotSTP?utm_source=n201205&utm_medium=web&utm_campaign=n201205>
— an offshore Forex company with $1 minimum account size.
Abshire-Smith
<http://www.earnforex.com/forex-brokers/Abshire-Smith?utm_source=n201205&utm_medium=web&utm_campaign=n201205>
— a UK-based FSA-regulated company with $500 minimum account size
and a lot of CFDs.
Bestec NFX
<http://www.earnforex.com/forex-brokers/BestecNFX?utm_source=n201205&utm_medium=web&utm_campaign=n201205>
— a regulated ECN broker from New Zealand with $100 minimum
account size.
uTrader
<http://www.earnforex.com/forex-brokers/uTrader?utm_source=n201205&utm_medium=web&utm_campaign=n201205>
— a Russian binary options broker with $100 minimum account size.
TradeNovaFX
<http://www.earnforex.com/forex-brokers/TradeNovaFX?utm_source=n201205&utm_medium=web&utm_campaign=n201205>
— a Finnish Forex company for big traders. The minimum account
size is $5,000.
OctaFX
<http://www.earnforex.com/forex-brokers/OctaFX?utm_source=n201205&utm_medium=web&utm_campaign=n201205>
— an offshore broker with $5 minimum account size and ECN accounts
available.
Larson & Holz IT
<http://www.earnforex.com/forex-brokers/LarsonHolz?utm_source=n201205&utm_medium=web&utm_campaign=n201205>
— a Russian MT4 broker with $1 minimum to open an account.
GKFX
<http://www.earnforex.com/forex-brokers/GKFX?utm_source=n201205&utm_medium=web&utm_campaign=n201205>
— an FSA-regulated broker with MT4 and MYFX trading platforms and
$1 minimum for account size.
3TGFX
<http://www.earnforex.com/forex-brokers/3TGFX?utm_source=n201205&utm_medium=web&utm_campaign=n201205>
— an unregulated New Zealand broker with $500 minimum.
ICM Capital
<http://www.earnforex.com/forex-brokers/ICMCapital?utm_source=n201205&utm_medium=web&utm_campaign=n201205>
— another British FSA-regulated company; accounts start with $500.
FXSystems.com
<http://www.earnforex.com/forex-brokers/FXSystems.com?utm_source=n201205&utm_medium=web&utm_campaign=n201205>
— an offshore broker with specialization in huge trading accounts.
The minimum is $25,000.
Nefteprombank
<http://www.earnforex.com/forex-brokers/Nefteprombank?utm_source=n201205&utm_medium=web&utm_campaign=n201205>
— a Russian bank, dealing in retail Forex with MetaTrader 4 and
their own proprietary platform.
You can always view our full
list of Forex brokers
<http://www.earnforex.com/forex-brokers/?utm_source=n201205&utm_medium=web&utm_campaign=n201205>
.
*
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=n201205&utm_medium=web&utm_campaign=n201205>
.
*
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=n201205&utm_medium=web&utm_campaign=n201205>
.
*
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=n201205&utm_medium=web&utm_campaign=n201205>
.
*
Forex polls*
Two new polls have been posted in the EarnForex blog
<http://www.earnforex.com/blog/?utm_source=n201205&utm_medium=web&utm_campaign=n201205>
:
How Many Indicators to Add on a Chart?
<http://www.earnforex.com/blog/2012/04/how-many-indicators-to-use/?utm_source=n201205&utm_medium=web&utm_campaign=n201205>
What Type of Forex Career Do You Prefer?
<http://www.earnforex.com/blog/2012/04/trade-for-yourself-or-trade-for-others/?utm_source=n201205&utm_medium=web&utm_campaign=n201205>
You can also browse the full list of
Forex polls
<http://www.earnforex.com/blog/tag/forex-poll/?utm_source=n201205&utm_medium=web&utm_campaign=n201205>
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 also browse the
previously added
Forex strategies
<http://www.earnforex.com/forex-strategy/?utm_source=n201205&utm_medium=web&utm_campaign=n201205>
.
*
Forum*
Top 5 hot topics on EarnForex Forum
<http://www.earnforex.com/forum/?utm_source=n201205&utm_medium=web&utm_campaign=n201205>
started in April:
Binary options if it scam or real, need help reviews and complaints
<http://www.earnforex.com/forum/f4/binary-options-if-scam-real-need-help-reviews-complaints-9541/?utm_source=n201205&utm_medium=web&utm_campaign=n201205>
How did you select your forex broker?
<http://www.earnforex.com/forum/f10/how-did-you-select-your-forex-broker-9639/?utm_source=n201205&utm_medium=web&utm_campaign=n201205>
Dont Trade With This Broker
<http://www.earnforex.com/forum/f10/dont-trade-broker-9658/?utm_source=n201205&utm_medium=web&utm_campaign=n201205>
How to use Fibonacci ?
<http://www.earnforex.com/forum/f9/how-use-fibonacci-9688/?utm_source=n201205&utm_medium=web&utm_campaign=n201205>
How to choose a perfect Trading EA?
<http://www.earnforex.com/forum/f26/how-choose-perfect-trading-ea-9594/?utm_source=n201205&utm_medium=web&utm_campaign=n201205>
*
Forex industry news*
There were the following important Forex industry news since the
last issue of the newsletter:
MIG Bank
<http://www.earnforex.com/forex-brokers/MIGBank?utm_source=n201205&utm_medium=web&utm_campaign=n201205>
and
Dukascopy
<http://www.earnforex.com/forex-brokers/Dukascopy?utm_source=n201205&utm_medium=web&utm_campaign=n201205>
open offices in Hong Kong.
Saxo Bank
<http://www.earnforex.com/forex-brokers/Saxobank?utm_source=n201205&utm_medium=web&utm_campaign=n201205>
expands its presence to Cyprus.
Admiral Markets
<http://www.earnforex.com/forex-brokers/AdmiralMarkets?utm_source=n201205&utm_medium=web&utm_campaign=n201205>
is now offering CFD trading through its own trading platform.
Marketiva has gone through a sudden rebranding process and is now to
be known as
AGEA
<http://www.earnforex.com/forex-brokers/AGEA?utm_source=n201205&utm_medium=web&utm_campaign=n201205>
.
EarnForex.com
<http://www.earnforex.com/?utm_source=n201205&utm_medium=web&utm_campaign=n201205>
is proud to
announce
<http://www.earnforex.com/blog/2012/04/major-forex-broker-lists-update/?utm_source=n201205&utm_medium=web&utm_campaign=n201205>
a new
broker listing system
<http://www.earnforex.com/forex-brokers/?utm_source=n201205&utm_medium=web&utm_campaign=n201205>
.
With lots of new features and categories.
*
Until the next newsletter issue!*
That's all for the May 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?utm_source=n201205&utm_medium=web&utm_campaign=n201205>
.
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