Forex Blog

First Deposit at Finexo

2008-10-04T15:42:00.006+02:00

To get the best out of this Promotion I recommend you to open first a Moneybookers-Account. After you registered on Moneybookers come to this Page here.

There you register for an Finexo-Account.

Deposit via Your MoneyBookers Account

After send your Funds in USD to: mb@finexo.com
or in EUR to: mb_euros@finexo.com

Dont forget to include your Name, Email and ForexTrader ID(Account #)

After 1 business day the funds should reach your Trading Account.

Applying for Finotex www.referforex.com

2008-09-30T21:01:00.002+02:00

CPA: $50 for initial account sizes of $25-$100, $75 for account sizes above $100, must be active trader with a minimum volume of $100,000
CPD: 10% of deposits from an active trader
CPV: 1 pip from each trade placed
Hybrid: $25 after initial deposit and 1 pip per trade
2nd Tier: 10% of affiliate commission for referred affiliate

Pretty good condition if you ask me. I still got to decide for which payment model I want to apply.
Commission per Account
Commission per deposit
Commission per Revenue
or the Hybrid system
The Hybrid system seems to be the best. For a 100k lot I already earn 10$ so with 1 million trade I already made more then CPA, with CPD. 1000$ gives me 100$. But I doubt anyone would deposit more then 5000 to get 500$. So I think I probably go for the Hybrid payment or CPV.

WHAT ARE THE "BUILDING PERMITS"?

2008-09-11T17:15:00.001+02:00

WHAT ARE THE "BUILDING PERMITS"?

Building Permits is an indicator used to measure current data on new residential constructions and additions, alterations and renovations to existing residential buildings. The Building Permits Survey produces estimates of the number of permits issued for new housing units each month. This is done through a mail survey of major metropolitan cities within the US, as well as selected rural areas according to guidelines set forth by the Census Bureau. Building Permits provide an accurate estimate of construction on future projects, as the requesting of a Building Permit is the first step to the construction of any new residential structure. The monthly data is considered an accurate estimate of Building Permits nationwide. Building Permits data is used by the Federal Reserve Board to economic conditions both regionally and nationally.
It's an excellent gauge of future construction activity because obtaining a permit is among the first steps in constructing a new building

WHAT IS THE "PRELIMINARY GDP"?

2008-09-11T17:14:00.001+02:00

WHAT IS THE "PRELIMINARY GDP"?

The Preliminary Gross Domestic Product (GDP) is a survey that is being used to measure the annualized change in the value of all goods and services produced by the relevant economy. It is defined as the total market value of all goods and services produced within the U.S economy in one quarter, in this case the 2nd quarter. The survey is released on a quarterly basis and it measures the differences compared to the same quarter in the previous year. There are three versions of the GDP released a month apart - "Advance", "Preliminary" and "Final". The "Advance" estimates are based on source data that is incomplete or subject to further revision by the source agency, while the adjusted figures are delivered through the 'Preliminary' version.
Traders follow this survey very closely because it is considered to be the broadest measurement of economic activity and a primary gauge of an economy's health.

What is the ISM Manufacturing PMI?

2008-09-11T17:13:00.001+02:00

What is the ISM Manufacturing PMI?

The Institute for Supply Management (ISM) releases a monthly report of the Manufacturing Purchasing Managers' Index (PMI). The Index is used to measure the level of diffusion based on surveyed purchasing managers in the manufacturing industry. The Index's figures are very easy to detect; while a 50.0 mark stands for a static industry, a reading above it indicates that the industry is expanding. A reading below 50.0 naturally indicates contraction.
The survey is put together by surveying 400 US purchasing managers who are asked to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries and inventories.
Traders should pay special attention to the ISM Manufacturing PMI as it is a leading indicator of economic health. Businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insights into the company's view of the economy.

What Is The Nonfarm Employment Change?

2008-09-11T17:12:00.001+02:00

What Is The Nonfarm Employment Change?

The U.S Nonfarm Employment Change, also known as "Non-Farm Payrolls" (NFP) and the "Employment Report", is a monthly economic indicator used to measure the change in the number of employed people, excluding the farming industry.
Each month the Current Employment Statistics program surveys about 150,000 businesses, representing approximately 390,000 worksites, in order to provide detailed industry data on employment, work-hours, and earnings of workers on nonfarm payrolls for all 50 US states. The survey is then published on the first Friday of each month.
The NFP is an important leading indicator that also affects consumer spending, which accounts for a majority of overall economic activity. Traders value the indicator with the highest importance as its early monthly release can set the tone for the rest of the month's market movement. Investors should also note Thursday's 12:15 GMT release of Automatic Data Processing Inc. (ADP) estimate of Non-Farm Employment Change. In the past ADP has provided an accurate assessment of what was to come from the actual NFP release a day later. However, with the volatility of world economies in recent months, the ADP report has not been able to correctly estimate the Non-Farm Payroll outcome, only strengthening the real power behind Friday's news release.

2008-09-11T15:28:00.001+02:00

Prizes for FXCM Live Account Contest

2008-09-11T13:33:00.002+02:00

At Forexgen they offer 1-3 Spread on 10 currency pairs.

There is a Demo Account Contest.
1. All participants that manages to open at least 20 lots will be awarded a Live Account with $50 credit

2. All participants that manages to open at least 20 lots and keep their demo account initial balance will be awarded a Live Account with $100 credit

3. The highest 5 accounts with the highest profits (including the floating P/L) will be awarded a Live Account with $250 credit.

First deposit bonus
First deposit you get 10%

maximum Bonus 250$ on mini account (that means deposit 2500$ to get 2750$)

maximum Bonus 500$ on standard account (that means deposit 5000$ to get 5500$)

ForexGen mini Accounts Live Account Contest
First place: 50% of the account profit
Second place: 40% of the account profit
Third place: 30% of the account profit
Fourth place: 20% of the account profit
Fifth place: 10% of the account profit

Conditions for Mini Account

Maximum deposit is 2500$

lots that are tradable are 1k and 10k

Leverage 200-500x

so my goals are:
1. Collect 2000$
2. Win the demo Contest to get 250$
3. deposit 2250$ so I will have 2475$
4. Winning the live mini account Contest

1000$ and level 200x
I hope to get a 50-100% Profit in 1 month its 500-1000$ Profit

so if I finish in
First place: 50% of the account profit 250$-500$
Second place: 40% of the account profit 200-400$
Third place: 30% of the account profit 150-300$
Fourth place: 20% of the account profit 100-200$
Fifth place: 10% of the account profit 50-100$

The contest

So total benefit of Forexgen can be 250$ from Demo Account playing, 250$ deposit Bonus, 100-500$ Contest Bonus

Possible profit is 500-1000$.

Week 35

2008-09-08T10:48:00.001+02:00

Week 36

2008-09-08T10:43:00.001+02:00

9:30AM GMT-Bank of England Inflation Report

2008-08-13T21:20:00.003+02:00

Today the Inflation Report of the Bank of England made the Sterling making big moves today.

Forex option strategy

2008-08-13T20:22:00.002+02:00

For those who prefer "safer" way of earning in forex I recommend forex option to hedge your spot position. The main idea is to get "free money" from the differences between spot prices and forward prices. There exist serveral strategy and I want to present them all to you.

US CHANGE in NONFARM PAYMENTROLL AND UNEMPLOYMENT RATE MADE USD LOOSING VS MAJOR OTHER CURRENCIES

2008-06-06T20:45:00.004+02:00

Memorial Day

2008-05-26T23:13:00.002+02:00

Due to the fact that is was Memorial Day Forex was quite calm also there had been hardly any news, so hard to tell which direction currencies would go, so we just demo account traded for more experience.

Unexpected good datas from UK helped the GBP to fight other currencies

2008-05-22T19:46:00.010+02:00

GBPJPY: gained 289 Pips

GBPUSD gained around 100 Pips

EURGBP: lost around 87 Pips

US fights back previous losses

2008-05-22T19:20:00.002+02:00

US lost the previous 2 days reached an all time high at when Crude Oil went down USD went up

USD loosing vs major Currencies

2008-05-17T12:17:00.008+02:00

Yesterday USD lost vs all major Currencies:

EURUSD: 110 Pips lost

USDJPY: 92 Pips lost

USDCHF: 93 Pips lost

AUDUSD: 128 Pips lost

CADUSD: 48 Pips lost, but gained it back in the later evening

NZDUSD: 102 Pips lost

Joining Forexyard Affilate

2008-05-12T14:50:00.003+02:00

CPA

All SuperMini accounts	$100 per account
1-5 Standard accounts per calendar month	$250 per account
6-10 Standard accounts	$275 per account
11+ Standard accounts	$300 per account

RevShare

PIPS	VOLUME
0.50	0-25 million
0.65	25-50 million
0.75	50-100 million
1.00	100 million +

Hybrid Scheme

Joining Forex-affiliate.com

2008-05-11T22:48:00.002+02:00

Today I joined Forex-affiliate.com Affilate Program

Your commission plan:
up to $250 on referred TRADER; plus 10% Revenue-Share.

Joining Etoro Affilate

2008-05-04T11:42:00.003+02:00

Per Revenue Commissions
Tier 1	25.00%
Commission =	25%

Tiers Commissions
Tier 2 =	20%