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Can You Really Make Money Using Forex Signal Service

The Forex signal service is a system by which an alert is given to a trader whenever there are fluctuations in the Foreign Exchange market. It is basically helps a trader in decider whether the time is right to make purchases or sales in the Forex market. The brokers are responsible for providing these services. They are basically professionals who will sell some software to the customers or do the required research on behalf of the customers. The broker is aware of all the possible trends in the market. He is very experienced in using automatic forex signal services to advise the trader at key points. When the profits are made he gets a cut from it as his commission.
Benefits of Forex signal service:
1. The service issues an alert whenever there are fluctuations.
2. To make a system work a broker is involved who is well versed with the technical aspect of the system.
3. The level of accuracy is very high
4. This ensures that traders do not have to incur a huge risk while trading in the markets.
A Forex signal service can be acquired from any broker and to open an account with Forex market and its easy to open an account with concept of online trading. The Forex market is an ideal platform for making a good amount of money. There are signal providers who will also send you graphs and analysis of trades besides Forex signals. There is a monthly subscription fee which can range from $10 to many hundreds of dollars.

Weekly Gold and Forex Trading News — July 24th 2014

The US indices traded mixed as the 2nd quarter earnings season gaining momentum. The NASDAQ rose by 0.40%, S&P 500 by 0.18% and Dow lost 0.16% from its value. The US Dollar traded mixed against most of major currencies. Today the Unemployment Claims report is expected at 310K vs. 302K previously. Gold fell to close at $1,304 an ounce. Crude oil rose to close at $103.17 a barrel.
The Euro fell versus US Dollar to close at 1.3460. The pair is trading in a bearish channel. As long as the pair maintains this momentum a fall to around 1.34 is expected. However breaching the upper side of negative channel may start a trend reversal and a rise towards 1.35. Today the Flash Manufacturing PMI is expected at 52.0 vs. 51.8 previously.
The Pound declined versus US Dollar despite the CBI Realized Sales coming out at 21 vs 18 forecast. The currency pair is trading in a descending triangle. Continuing this trend may see a drop to around 1.6950 while breaching the upper side of the triangle may lead the GBP/USD a retracement towards 1.71.

GBP/USD — Daily Forecast Technical Analysis — July 24th 2014

MBCFX brings you the latest technical analysis on the GBP/USD pair for the July 24th in this video.
GBP/USD — The UK MPC Meeting Minutes showed that the Bank of England members and its Governor Mark Carney have concluded to fix the Interest rates and maintaining the same Asset Purchase Program. However they did not agree on when to raise the Interest rates due to the divergence of views between the members of the committee who hesitated between a little increase of the key Interest rate and the total rejection of any hike at the moment for fears from its negative impacts on the markets and the recovery process and now all the attention turns to the UK Quarterly Inflation report which will be released in the next month of August. Today we wait the release of different important economic data coming from UK and USA including the UK Retail Sales data for the month of June. For the US economy all the tensions will turn to the US Unemployment rates, the weekly Initial Jobless Claims and the New Home Sales data. As we can see on the 4 hour chart the GBP/USD remains steady around the exponential Moving average of 200 and a breakthrough the 1.7060 and 1.7075 area to the upside will send the prices towards the main targets stated in our daily newsletters

EUR/USD — Daily Forecast Technical Analysis — July 24th 2014

MBCFX brings you the latest technical analysis on the EUR/USD pair for the July 24th in this video.
EUR/USD — Both the US and European Equities have closed yesterday’s trading session on green supported by positive results of the US companies. However their impactson on the market were limited due to the worsening situation in the Gaza strip and the Ukrainian crisis which affected negatively the Investors confidence and limited the markets gains. Today we wait the release of different important economic data coming from Europe and USA including the German Industrial PMI data. For the US economy all the tensions will turn to the US Unemployment rates, the weekly Initial Jobless Claims and the New Home Sales and these news will have a signficant impact in determining the direction of the EUR/USD. The pair is moving with in the 2 levels of the momentum prices, the SMA 300 and 500 which reflects the strong bearish trend of the prices towards 1.3420 and then towards the psychological support level of 1.3392. In addition the EUR/USD has succeeded to breakthrough the Fibonacci level 23.6% and the descending trend which started since July 25th 2012 to the downside and will open the door for further decline of the prices towards the main targets stated in our daily newsletters.

EUR/USD — Daily Forecast Technical Analysis — July 23rd 2014

MBCFX brings you the latest technical analysis on the EUR/USD pair for the July 23rd in this video.
EUR/USD — The Euro steadied in the Asian trading session for today near the lowest level in 8 months against the US Dollar amid the absence of important data from Europe from economic calendar for today except the Consumer Confidence Index. The European currency fell during yesterday’s trading session affected by expectations of expansion of ECB Monetary Policy stimulus. To support the economic recovery after the European Central Bank Governor Mario Draghi claims that the strong Euro represents a barrier to the recovery of the European economy. As we can see on the daily chart the EUR/USD retreated significantly during yesterday’s trading session hitting 1.3457 which reflects the strong bearish trend of the prices after it broke through the bearish trend an the ascending correction flag to the downside since July 23rd 2012. And we expect that the Euro will remain almost steady around 1.3450 amid the absence of economic news which can drive the market in the next targets will be stated in our daily newsletters.

MetaTrader 4 — Download and Install Tutorial

In this video tutorial you will learn how to download and install MetaTrader 4 terminal. You can download it from ibfx.com. After launching the website, click on Platform tab and then click on MT4 and download link. Once the file is successfully saved on to your computer you can then run the setup. Then it takes you through the installation steps where you can specify the installation directory. The ibfx software will connect with main server and download the installation file. The software then will be ready to use. This concludes the installation of MT4 software.

Sneak Peek at Chart Pattern Detector Indicator

The Sneak Peek Chart Pattern Detector was developed by Earnforex.com. As you can see it can detect ascending and descending and flag channels on your chart. If you are trading pullbacks or channel breakouts this indicator will help you do it better and faster. The Channel pattern detector is still under development and will become available soon as a free indicator from earnforex.com.

Weekly Gold and Forex Trading News — July 23rd 2014

The Wall Street finished Tuesday’s trading in the green on better than expected earnings as well as on upbeat inflation and Home Sales figures. The NASDAQ rose by 0.71%, Dow by 0.36% and S&P 500 added 0.50% to its value. The US Dollar traded higher against most major currencies. The Core CPI rose less than predicted and Existing Home Sales came better than expected. Gold fell to close at $1,308 an ounce. Crude oil also fell to close at 4102.03 a barrel.
The Euro fell versus US Dollar to close at 1.3467. The EUR/USD is trading in a bearish momentum and having broken the support level of 1.3515. As long as the pair maintains this condition a fall to around 1.34 is expected. Breaching this resistance may lead the pair towards 1.3550 level.
The Pound rose against US Dollar with Public Sector Net Borrowing came out better than expected. The GBP/USD is trading at the lower level of a channel and is expected to rise to around 1.71. However breaking the lower side of the channel may start a trend reversal and a drop towards 1.70.
The Canadian Dollar fell against the US Dollar to close at 1.0740. The currency pair is trading below the resistance of 1.0760. As long as pair holds below the Moving average 20 a fall towards 1.0690 can be expected. However breaching this level could see a rise to around 1.08 level.

Daily Fundamental Update — July 22nd 2014

ADS Securities brings you the latest Daily Fundamental Update for the July 22nd in this video.
Markets are in a tight range on lack of fundamentals ahead of a busy week with many economic releases. Looking at the Asian session today, China’s CB Leading Index increased by 1.3% in June. In Australia the Aussie Dollar managed to rise across the board today rising the most against the New Zealand dollar. The RBA Governor Stevens stands ready to do more if needed and he mentioned to maintain the rates unchanged at this point. Japan’s All Industries Activity increased by 0.65 in May.
As for the European session today there are a few economic releases from Switzerland and UK today which may have a medium impact on the market however this impact is likely to be short lived as all eyes will be headed towards the US session with more key figures will be released today. Switzerland Trade Balance surplus may rise to 2.97 billion in June. UK Public Sector Net Borrowing may decline to 10.3 billion pounds in June. UK’s CBI Industrial Order Expectations may decline to 9 in July.
Going forward to the US Session today, US Inflation figures will be released at 12:30 GMT+. US CPI may rise by 0.35, Core CPI by 0.2% in June, US House Price Index may rise by 0.4% in May and US Existing Home Sales may rise by 1.9% in June

GBP/USD — Daily Forecast Technical Analysis — July 22nd 2014

MBCFX brings you the latest technical analysis on the GBP/USD pair for the July 22nd in this video.
GBP/USD — The Pound Sterling recovered slightly on today Asian market against the US Dollar as a correction step after 4 days of consecutive losses. Today the investors are waiting for the release of CBI Industrial Trends and concerning the US economy including the Core Consumer Price Index in the US Existing Home Sales. As we can see on the daily chart the GBP/USD remained trading with in a descending correction flag and the Sterling declined yesterday hitting the expected targets that we have mentioned in our technical analysis. Today we expect some recover of the price towards the main level stated in our daily newsletters.

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