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Tuesday, January 26, 2010

FOREX end-of-week Summary (18-22 Jan 10)


A rather fulfilling last week, only 1 out of 6 trades in the negative.  Continued trading based on ActionForex reported S&R, I am also training myself to spot those S&R with helps from the report.  Basically, I identify the S&R then goes to the report and check whether my identified S&R are as reported or at least near to what is reported.  I think the accuracy come with experiences and such training should be fruitful when you trade the certain currency pair constantly.  I am still trading solely EURUSD in view of the lower spread compare to most other major currency.  I search for a new broker is still ongoing, however at this moment, it had been in vain.

The reason why I am searching for another broker is not because InterbankFx had not been good for me, but more because I wanted to have a better deal as there are broker who offer lower spread than what I am getting now.  As for now, I am satisfied with InterbankFx.  InterbankFx had also been the one who have most of its regulation been put inline with the Authorities.

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