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Euro exchange rate movements in European session moving strongly against US dollar after opened higher at 1.11302 at the start of trading, Euro exchange rate is now rolling on the position of 1.11442. Euro managed to rebound strong in Asian session against USD after two consecutive days experienced significant selling pressure. Rebound power obtained from the fundamental weakness of US dollar today weigh US NFP data this evening that many worried won't meet expectations. Though there are many negative sentiment this afternoon from some of the data that are less stable like German factory orders data, Italian industrial production and France Trade Balance data. Technically, EURUSD has a potential to rise to the range of 1.1160-1.1182, but if it is not until that range then EURUSD will fall back to 1.1109-1.1087. And today is expected to have the support level at 1.1062 and the resistance level at 1.1205.

The movement of Great Britain Pound on European session drifted lower against US dollar, after opened higher at 1.31062 at the start of trading, next the pound exchange rate fell 0.4% and then the rolling value is at 1.31499. Pound on European session exchange rate is naturally strengthening against the US dollar weighed BOE decision to cut interest rates as expected and prudent market of NFP data will be released tonight. Technically GBPUSD could rise to around 1.31932-1.32570, but if it does not reach the range, the pair could drop to 1.30650-1.30710. Normal range GBPUSD pair today is expected to have the support level at 1.29320 and the resistance level at 1.33678.

I believe and that is what i've seen. The broker which is regulated by a strict and strong and well-known regulator USUALLY able to handle the client's money. The broker usually create a segregated account for maximum security and also if that broker is trying to do something you can complain to the regulator which usually act after you complain to them and if necessary will give some fines to that broker.

Not so much or i can say quite challenging especially today we can see the market is more uncertain and it seems the global crisis haunt investors a lot. But above that all i still love foreign exchange , because i earn and i lose here mostly still in profit and it is just by sit and click also trying to analyze the market in less than 1 minutes using fundamental indicators.

Foreign exchange is actually just like the other business is fine when you turn it as main job, well not really fine but if you know how to manage the risk and earn constantly i think it is okay to make foreign exchange as your own main job, and this is not impossible because there are some people who already did before and they still do it until now.

No, you are wrong Ajitesh. Low spread never gives any kind of guarantee that someday you wil be able to achieve good profits regulary. Don't get me wrong yet i love low spread but in certain cases we need to be reasonable about this issue. Scalping for sure need lower spread but if you can maximize your lot usage, you surely don't affected a lot by low/high spread broker issue.

The movement of USDJPY pair drifted lower in Asian session after opened higher at 101.25 in the early trading, and the rolling value of this pair is at 101.381. Japanese Yen in the European session since Asian session continued to show weakness and potentially weaken further if US dollar strengthening based on the fundamental indicator. But if US data lifted the yen will be corrected again. Technically USDJPY still can rise to the range of 102,047 to 102,385, but if it does not reach these ranges can be down to 100,568 to 100,077. I argued that the normal range on USDJPY pair is estimated to have the support level at 99,619 and resistance level at 102,842

Aussie exchange rate movements in the European session is still moving weak against US dollar, after opening higher at 0.75891 at the start of trading, the Aussie exchange rate rose around 27 pips and the roll values are at 0.76160. Exchange rate of AUDUSD on EU session managed to strengthen against US dollar to ignore bad economic data releases this morning that showed poor performance of Australia's retail sales in June. In addition to strengthening AUDUSD ignore the back drop of crude oil prices. Technically AUDUSD rose to around 0.76402-0.76581 further. However, it can be corrected to 0.75668-0.75403. I argued that the normal range on the AUDUSD pair is estimated to have the support level at 0.75130 and the resistance level at 0.76700.

European session the Euro exchange rate movements against US dollar moved lower after opened higher at 1.11495 at the start of trading, Euro exchange rate is now rolling on the position of 1.11344. Euro in Asian session still further selling pressure to respond the concern of will of how market respond the British central bank's decision this evening to cut interest rates. And if the rate cuts as expected then the exchange rate will naturally increase in the European region. Technically, EURUSD may drop to around 1.1110-1.10797, but if it is not until this range then the pair can rise back to 1.12011-1.12533. And today is expected to have the support level at 1.10280 and the resistance level at 1.12874

It is important because that is the backbone of your trading. You may gain better understanding of how to reduce the risk by do a strict money management, with doing that you know how to choose the right lot size, how to set up stop loss. Such features will really helps you to control the risk and will make sure that you're on the line.

The movement Euro in the European session are moving weak against US dollar, after opened higher than the previous trading at 1.12232 at the start of trading, the Euro exchange rate experienced a decrease in value of 22 pips and roll is at 1.12012. Since the European trading session opened, Markit reported the business performance of the service sector from Spain, Italy, France and Germany as well as in the region. From these reports only the data of France, Italy and the region for which data is increased while Germany and Spain decreased thin. From this data, the market sees the European region's economic fundamentals are still wary thereby weakening the exchange rate of the European region, including Euro. For the next trade until the close of trading ending the American session tomorrow morning, EURUSD seems to be able to rise to the range of 1.12354 - 1.12678 and if the correction does not reach the range it will be at 1.11870-1.11290.

In forex trading Wednesday's European session pound exchange rate movements weakened after opening lower at 1.33582 at the beginning of the Asian trading session, the exchange rate pound fell 25 pips or 0.3% and the value of the rolling is at 1.33334. Markit issued a data report showed service sector business conditions for British nationals who scored in the same position with the expected decline from the previous month period. Scores months earlier in a position this afternoon reported 52.3 and 47.4 in the position which was the first contraction since December 2012. In addition, the market is still cautious ahead of BOE meeting tomorrow's results. For the next trade until the close of trading American session ends tomorrow morning, it looks like GBPUSD could fall again to around 1.32538-1.32046. But if it does not reach this range, the pair will rise back to around 1.32949.

In the middle of European session Australian dollar exchange rate retreat after earlier the trading reached its highest level in 15 trading days against US dollar. Profit taking continued since the Asian session continues to respond to two sentiments aside expectations of Fed rate hikes. Aussie came under pressure from the Chinese PMI data services reported Caixin and Markit today is lower than the previous period data. Besides the development of crude oil prices are getting cheaper around $ 40 a barrel helped lowering the price of aussie. For the next trading until the end of trading session this evening America, it seems AUDUSD may fall back into the range of 0.76687-0.75405. But if it is not until that range will go up to around 0.76213.

The movement Yen in European session weaker against US dollar, USDJPY opened higher at 100.901 in early trading and rose 0.3%, for a while the rolling value of this pair is at 101.183. Yesterday Shinzo Abe has announced a stimulus package to revive the Japanese economy is teetering on recession so that later 22 million low-income people will receive cash aid for ¥ 15,000 each, as well as to finance reconstruction projects in the southern region after the earthquake in April. For the movement of USDJPY until the end of the evening session trading is potentially strong, so it seems USDJPY may rise to around 101.702-101.982. But if it is not up to that range, then the pair may fall back to around 100.520.

It is not unique but it is a revolution from the current money, it is just the same like other currency. It offers anonymity and you can easily evade tax thanks to that . When i think it once again maybe because of this anonymity many countries doesn't accept cryptocurrency and the broker reluctant to accept this new way to trade or to do transaction.

Lower leverage? I think we already reached the conclusion right? Lower leverage is not much helpful unless you have very big amount of capital just say 10 million USD in your account. But for me which balance which is just 3 digits after big struck few months ago must come back to my sense and thanks for leverage, i can trade without any problem, why? With higher leverage i could afford some lots with relatively smaller money as the leverage.

If you still learn i think that is not a big deal to get free money, even you are here to earn. No deposit free money logically is nice but question this to your broker, from where they get that money? It is not free thing dude surely it must come from something. If the answer is less convincing i am not sure that broker is a good broker for you.

Yes, who want to join that kind of broker. There are much risk to join that broker rather than trade with non dealing desk. If your broker is honest i am sure that broker is non dealing desk which earn from your spread and actually really want you to keep trade with them so they could get some too. In fact it is quite hard to spot broker like that, but if your broker start to do stop hunting loss or ridiculous terms you should be cautious maybe that is dealing desk broker.

Sure one of the best condition beside when the market really like what you predict and seems like dancing along your tunes. Overlapping market means the market is getting bigger and more people involved thus means more trading, more liquidity, and more volatility. This is why we find that EURGBP and GBPUSD usually considered to be volatile, especially to GBPUSD.

Well, getting addicted in foreign exchange is not an excuse but even you really do then find the solution, maybe it sounds so simple but if you can solve this psychological issue which closely related to foreign exchange then everything won't goes wrong. You can lowering the losses chance you also able to focus on your trading and learn how to retain yourself so you don't do overtrading.

Yes, it is right. Good money management means that you able to control the risk means that you can make profit since some portion of your loss eliminated. This is a good news for anyone and bad news. I don't have to tell the good news but the bad news is that money management looks easy but can be quite hard. It is closely related of how to contain your bad emotions which let it influenced you.

Overall you don't have to satisfy with your account, i mean if you make profit make sure to get more profit again other time. If you are like me or someone who still build their capital sure expansion is the only way. We are satisfy for short term but in long term we are not because we are building our own economy(in small scale), technically we are trying to be big or at least have more than what average wage in our locality could offer.

Traditional work such as go to the offline office and then spend 8 hours there minus the lunch and any rest i think is what many people in the world want right now. It is pretty much stable compared to the forex which is risky and volatile, if you let your guard down your account crumbling and you will be back as beggar once again or at least become unemployment. I think i have enough said the bad thing because good thing has been done by our friend above.

@skyrock Yes nothing wrong with using mobile phone also to be honest it is popular way to trade, now penetration of mobile phone is bigger than PC or Laptop, so trading through editing documents or any simple task could be done through mobile phone which power is now nearly similiar to those who use laptop only with smaller screen for sure.

Of course that i have control over my trading, i trade with use my strategy only and this done manually not by using robot that works 80% of my trading make it automatic. The more control you have the more you able to redirect or create your trading, well this might be very bad if you don't learn when to control things because of course greater freedom means that you may risk your trading too.