* You are viewing the archive for December, 2008

Crown Forex under Investigation

Some traders reported that they were having difficulty withdrawing their funds.  Discussion is on babypips.com.  More details about the investigation are on forexpeacearmy.com.

Again, CFTC is a good resource to review the financial standings of the Forex, Futures, and Options brokers.  The latest filings are October 2008.

Oanda Review

Below is a great broker review I stumbled upon.  It all comes down to integrity, ethics, and funding; especially, CFTC now imposes the 10 million dollar rule.  Check on the CFTC site and see if your broker makes the cut. 

What is important to me is honesty and trustworthiness. Oanda is both. Even better out of all Forex Brokers Oanda is the most well funded. Valuation of $1.5 Billion. Backed by JP Morgan. These are the things that are important to me especially during the credit crisis we are experiencing and many more banks will go under.  More on http://forextradinglife.com/forex-reviews

EUR/JPY 30/30

Excellent!!!  It’s another good day for us.  Our euro yen 30/30 breakout system grabbed another 30 pips of profit.

The stop sell order was filled at 117.99 at around 8:29 GMT.  The profit target of 117.69 was reached within 10 minutes.

Our euro yen 30/30 breakout system, chart 12/03/08, scored another 30 pips profit.

EUR/JPY 30/30

Wow!  It is a good day today.  Our euro yen 30/30 breakout system brought in 60 pips of profit today.  Both stop buy and stop sell orders were winners.  The stop sell order was placed at 117.26 and filled at 8:09 GMT.  Within 5 minutes, we had our first win.  At around 12:52 GMT, the stop buy order was filled at 118.39.  And in less than 20 minutes, we booked our 2nd profit of the day.  Woo hoo!!!

euro yen 30/30 breakout system brought in 60 pips of profit today on 12/2/08