JOINE THE FASTEST GROWING FOREX CONTEST ON THE GLOBE: WIN UP TO $4000

CLICK HERE MYFXCONTEST


READ BELOW THE FOLLOWING PROCEDURES

Step 1 - Register for free

Registering here is easy and only takes a few minutes. Use your valid personal information as accurate data is required for payout at the end of the contest. You can click on the REGISTER link to get started. We will send you a confirmation email to verify your email address to confirm as soon as you have filled out all of the required fields of information required to register.

You can click on FORGOT PASSWORD at any time to re-send your confirmation email.

You can also answer a private Security Question to recover your Passwords at any time.

Step 2 - Choose a contest

We are currently offering many different types of Forex contests. Daily Contests are held every day and operate with a 24 Hour time cycle. Weekly Contests are held every week and operate with a 7 day cycle and Monthly Contests operate with an End of Month cycle. We also occasionally hold Special Contests which operate with variable timeframes. Choose a contest that best suits your trading style and skill level for best results. Also, your available time is essential in choosing the contests.

There are many Forex trading contest available at all times. Click OVERVIEW for a complete and detailed listing of our Forex trading contests, time frames, applications, and rules. After you are SIGNED IN, you can apply for contests quickly and easily with just a few clicks. Keep in mind that each contest may have a different application and/or trading rules, and that you should make sure to read their details and compare them carefully.

Step 3 - Install the Trading Software

MetaTrader4 (MT4) will be used as the trading and charting software for all of the contests. You will have to install this software as soon as you would like to apply for any of our contests. The PLATFORM link gives information about MetaTrader4 and instructions on how to download it to your computer.

Once you have downloaded MetaTrader4, you won’t need to install MetaTrader4 for every new contest as all new contests can be use the one MetaTrader4 download. Clicking on SETUP and CONFIGURE will link you to complete instructions on getting your MetaTrader4 Forex Trading Platform ready for Forex trading and our contests. You can also click on VIDEOINSTRUCTIONS for a link to make even easier to learn how to set up your MetaTrader4 Platform and get it ready for FX trading.

Step 4 - Begin Your Forex Trading Contest at the Set Time ONLY

It is important to keep in mind that after you have signed up for a Forex Trading contest, you must wait until theOFFICIAL START TIME. Every contest has its own start date and time, and trading CAN NOT begin until this time. You will be competing with other Forex Traders from all over the world, and from every time zone when you enter our Forex Trading Contests. Because of this we use a common time zone of GMT for all of our contests to start. The current GMT time can be found inside your MEMBER AREA and HOME screens on the site.

Once a Forex Currency Trading Contest has been started, you can login to your MEMBER AREA and find each contest you have applied for along with a login name and password to get you started. It is also important to keep in mind that this information will be visible at the same time for all others in the contest, which gives everyone the same advantage.

Step 5 - Start Trading

Once you have downloaded MetaTrader4, you can click on INSTRUCTIONS for information to help you configure your copy of MT4. You can then get started with our Forex Trading contests.

Be sure you follow the rules to your particular Forex Trading contest; many are different from one another and are subject to change up until the starting time of that contest.

Additionally, it is very important to comply fully with the TERMS AND CONDITIONS while trading in one of our Forex Contests. We want to ensure the fairness of the contests and that everyone follows the same rules and conditions. In this way we work to ensure that each client has the same advantages in our Forex Trading contests.

Step 6 - Procedures during our Forex Trading Contests

Each Forex Contest will have its Top Lists updated regularly while the contest is running live. You can use this information to evaluate your position and the reward you may expect if you keep this ranking until the close of the contest. Keep in mind that there may be a lag in Top List reporting accuracy due to the latency between live trading servers and web servers worldwide. These lists will be updated in shortest intervals as possible  to keep the reports as up to date as possible.

You must close out all of your currency pair positions and stop trading just before the contest ends. Although a FX trading account may still be working after a contest is finished, it does not mean that you are still allowed to trade after the contest ends. Under no circumstances will it be allowed that new positions can be entered after the contest is finished as this is a serious violation of our TERMS AND CONDITONSand will lead to a trader’s disqualification.

Step 7 - Evaluation

The final results of all contests will be published as soon as the final data has been processed by us. Before we publish the results of a contest we take the time to evaluate every trader’s trading data to make sure that they have complied with the contest rules and our TERMS AND CONDITIONS.

It usually takes only hours to process and publish the results of a contest, but in rare cases it may take up to 24 hours to publish a contest’s finalized results.

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U.S stocks fall on Fed comments, firming dollar; Dow slips 0.15%

Investors sold stocks on Thursday, taking profits in wake of several days of gains after better-than-expected jobless claims and hawkish comments from a Federal Reserve governor sparked demand for the safe-haven dollar.

At the close of U.S. trading, the Dow Jones Industrial Average finished down 0.15%, the S&P 500 index fell 0.37%, while the Nasdaq Composite index fell 0.12%.

The dollar served as the asset of choice for many investors on Thursday.

The Department of Labor reported earlier that the number of individuals filing for initial jobless claims in the U.S. last week fell by 4,000 to 323,000, defying expectations for an increase of 8,000 to 335,000.

The news sparked demand for the dollar by fueling sentiments the Fed may closer to winding down dollar-weakening stimulus programs, especially a monthly USD85 billion bond-buying program known as quantitative easing.

The dollar also gained after Federal Reserve Bank of Philadelphia President Charles Plosser told Bloomberg that he would like to see the asset-purchasing program slow down, which gave the dollar further support at the expense of equities.

Quantitative easing tends to send stock prices rising as a side effect.

Leading Dow Jones Industrial Average performers included 3M, up 1.57%, DuPont, up 1.22%, and Merck, up 1.07%.

The Dow Jones Industrial Average's worst performers included JPMorgan Chase, down 1.47%, AT&T, down 1.35%, and McDonald's, down 1.29%.

European indices, meanwhile, finished mixed.

After the close of European trade, the EURO STOXX 50 fell 0.41%, France's CAC 40 fell 0.70%, while Germany's DAX 30 finished up 0.16%. Meanwhile, in the U.K. the FTSE 100 finished up 0.14%. 

On Friday, the U.S. is to report its latest data on the federal budget balance.

Also Friday, finance ministers and central bank heads from the Group of Seven nations are to hold the first day of a two day summit meeting.

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Forex - GBP/USD drops on U.S. jobless claims, BoE decision

Better-than-expected weekly jobless claims data out of the U.S. and a Bank of England decision to hold interest rates unchanged at a record low sent the pound slipping against the greenback on Thursday.

In U.S. trading on Thursday, GBP/USD was trading at 1.5462, down 0.47%, up from a session low of 1.5549 and off from a high of 1.5588.

The pair was likely to find support at 1.5448, Tuesday's low, and resistance at 1.5592, Wednesday's high.

The Department of Labor reported earlier that the number of individuals filing for initial jobless claims in the U.S. last week fell by 4,000 to 323,000, defying expectations for an increase of 8,000 to 335,000.

The news sparked demand for the dollar by fueling sentiments the Federal Reserve may closer to winding down stimulus programs.

Stimulus tools, such as the Fed's monthly USD85 billion bond-buying program, weaken the greenback to spur recovery. 

Meanwhile in the U.K., the Bank of England left interest rates unchanged at a record low 0.5% and maintained the size of its asset purchase program at GBP375 billion.

Industrial output figures out of the U.K. curbed the pound's losses.

The Office for National Statistics said industrial production in the U.K. rose 0.7% in March, beating expectations for a 0.2% increase, after rising by a downwardly revised 0.9% in February.

Industrial output contracted by 1.4% compared to a year earlier, though the figure was better than expectations for a 2% contraction, mainly as unseasonably cold winter weather boosted electricity demand.

The ONS said U.K. manufacturing production rose by 1.1% in March, beating expectations for a 0.3% increase.

The pound, meanwhile, was up against the euro and up against the yen, with EUR/GBP trading down 0.25% at 0.8446 and GBP/JPY up 1.04% at 155.40.

On Friday, the U.K. is to release government data on the trade balance, while the U.S. is to report its latest data on the federal budget balance.

Also Friday, finance ministers and central bank heads from the Group of Seven nations are to hold the first day of a two day summit meeting.

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Forex Trading Signal for 9 May 2013

                                                                                


Japan (Tokyo)                               United Kingdon (London)                        USA (New York)

For more easy access,,,,,,Download our mobile application on your mobile :   Click Fxsignals 

EUR/USD

Down Trend :

 (1) BUY

E/P: 1.31515

T/P: 1.31750

S/L: 1.31200

 

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GBP/USD

Down Trend:

(1) BUY

E/P: 1.55335

T/P: 1.55700

S/L: 1.55000


NOTE: The above posted Signals are delayed 2 - 4 hours after it has been  generated.
Daily forex signals are sent ontime to only our subcribers.

To subcribe: click here

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Forex - Dollar gains on improving jobless claims data

The U.S. dollar firmed against most major currencies on Thursday after official data revealed far less individuals filed for unemployment assistance last week than expected.

The report allayed fears that the U.S. economy may be hitting a soft patch and prompt the Federal Reserve to keep monetary stimulus programs in place for longer.

Stimulus tools, such as the Fed's monthly USD85 billion bond-buying program, weaken the greenback to spur recovery. 

In U.S. trading on Thursday, EUR/USD was down 0.94% at 1.3030.

The Department of Labor reported earlier that the number of individuals filing for initial jobless claims in the U.S. last week fell by 4,000 to 323,000, defying expectations for an increase of 8,000 to 335,000.

The news sparked demand for the dollar by fueling sentiments the Fed may closer to winding down dollar-weakening stimulus programs.

Last week, the Bureau of Labor Statistics reported that U.S. economy added 165,000 nonfarm payrolls in April, up from 138,000 in March, whose figure was revised up from 88,000.

April's figures far outpaced analysts' forecasts for a 145,000 figure.

Falling stock prices also bolstered the dollar's appeal.

The greenback, meanwhile, was up against the pound, with GBP/USDtrading down 0.63% at 1.5438.

In the U.K., the Bank of England left interest rates unchanged at a record low 0.5% and maintained the size of its asset purchase program at GBP375 billion.

Industrial output figures out of the U.K. curbed the pound's losses.

The Office for National Statistics said industrial production in the U.K. rose 0.7% in March, beating expectations for a 0.2% increase, after rising by a downwardly revised 0.9% in February.

Industrial output contracted by 1.4% compared to a year earlier, though the figure was better than expectations for a 2% contraction, mainly as unseasonably cold winter weather boosted electricity demand.

The ONS said U.K. manufacturing production rose by 1.1% in March, beating expectations for a 0.3% increase.

The dollar was up against the yen, with USD/JPY up 1.60% at 100.58, and up against the Swiss franc, with USD/CHF trading up 1.40% at 0.9486.

The dollar was up against its cousins in Canada, Australia and New Zealand, with USD/CAD up 0.56% at 1.0090, AUD/USD down 1.19% at 1.0050 and NZD/USD trading down 0.53% at 0.8358.

Official data out of Australia revealed the economy added 50,100 jobs in April, far more than the expected 12,000 increase, while the unemployment rate ticked down to 5.5%.

Elsewhere, the number of individuals employed in New Zealand rose by 1.7% in the first quarter, beating expectations for a 0.8% increase. The unemployment rate fell to a three-year low of 6.2% from 6.9% in the fourth quarter.

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 1.08% at 82.87. 

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