EURGBP is a very special and complicated market. Its behavior is almost different than all the other currency pairs. Sometimes it ranges for such a long time and sometimes it trends strongly. Usually it is a ranging market and that is why range traders try to trade this currency pair. However, it is really hard to guess where and when this market will get out of the range, and so, sometimes a strong breakout wipes out the profit of several trades, specially for those trader who do not know how to manage their stop loss and target orders. Read the rest of this entry »

Each currency pair has its own unique behavior. USDCHF behavior is almost the most unique one. It is the monitor of the economy of the United States. Those who know how to follow the US economy, can make money through USDCHF volatility. Like EURGBP, USDCHF is also a ranging currency pair. It ranges sometimes for several days, but nothing can stop it when it starts trending. While ranging, it becomes the favorite currency pair for the range traders, but its strong and sudden breakouts, wipes out the profit of several days of range trading, specially for the traders that their stop losses are bigger than their targets. Read the rest of this entry »

EURUSD is the most popular currency pair among the retail forex traders. It is also the most liquid one. Over 70% of the transaction in the currency market is between Euro and USD. Most traders like to trade EURUSD, because it is a volatile and liquid currency pair and its spread is lower than the other pairs. Read the rest of this entry »

Trading after the news release is one of the trading strategies that some Forex traders have. There are some special news that make the currency market move strongly. Usually the currency market goes to a tight range, before the news release. When the news is released, the markets break out of the range and start moving toward a direction strongly. Not all of the different kinds of economic news can move the market. There are only some of the news that are important and can have a positive or negative impact over the value of some special currencies. Even these important news are not effective any time they are released. Read the rest of this entry »

We are pleased to announce that our liquidity providers have become able to handle the transactions in Euro, GBP (Great British Pound) and AUD (Australian dollar), in addition to USD. Read the rest of this entry »