MIG BANK Press Release: Forex Broker MIG BANK Offers A Revolutionary New Fully Transparent Dealing Model

MIG Bank, the world’s first Forex broker to become a Swiss bank, is again at the forefront of innovation by offering a revolutionary new Fully Transparent Dealing model. In order to ensure MIG BANK's clients get the highest possible liquidity and best market prices, MIG BANK works with a pool of liquidity providers, consisting of major prime banks. These liquidity providers compete to offer...

Mubarak Ends His Presidency, Protestors Leave Tahrir Square

After Egypt`s Hosni Mubarak agreed to step down as President past week, and handed over his powers and responsibilities to the Egyptian Army, the situation in the country appears to have calmed to a large extent, with the Tahrir Square, the stage for tens of thousands of people demonstrating against the regie for the past weeks, presently being occupied by a tiny group of just 50 ...

PIMCO Shifts Out of U.S. Treasuries, Should We Shift Out of the USD, too?

PIMCO`s Bill Gross has published its February Investment Outlook at the company`s website where he is making the case for an exit from U.S. government debt in favor of non-U.S. developed nations. His arguments, while passionately argued, are neither new nor innovative, but they make a good reading as they are being presented in a coherent and complete form. His case is a familiar one...

Elliott Wave Principal

Every successful trader or investor has a method that they rely on to make investment decisions. Without a method, investors must rely on the advice of others or their own emotions to make these decisions.Elliott Wave analysis provides an objective method to forecast the direction of the markets. This theory was first brought to the public’s attention in 1978, in Frost and Prechter’s text Elliott...

Egypt Concern Drives Oil Higher; Markets Mixed

Today is a mixed day for equities and currencies as the robust rally of the past few days becomes digested. In the uncertain environment of the moment traders seem to be determined to sticking to what they believe in, the bullish momentum that has been in place since Ben Bernanke`s hot money promise a few months earlier. Only oil seems to be directly impacted by the events far away...

The Bearish Dark Cloud Cover Candlestick Chart Pattern

A number of Candlestick chart patterns consist of two individual Candlesticks that result in specific interpretations that depend on how they arise. The Bearish Dark Cloud Cover candlestick pattern is one such two candlestick pattern that forms a bearish reversal signal. This pattern is the mirror opposite of the Bullish Piercing Line Candlestick reversal chart pattern. Like its counterpart,...

Forex Oscillators - The Predictive Value of Divergence and Convergence

Oscillators give the trader limit values which he can use to evaluate the price action. The currency price is a number, and its range is limitless (it can move between zero and infinity). It’s impossible to define a high and low on that range, and oscillators are used to overcome this problem. Divergence and convergence, as they are termed, are held to offer predictive value by the technical...

Forex Price Action - Reading the Language of the Market

IntroductionMost of this text is fairly straightforward. The terms and descriptions that we use are often self-evident, and we hope that even someone with no experience of trading will be able to grasp the essence of the discussion with a little effort. There’s but one point we’d like to clarify. At various points in this text, we speak of a bullish or bearish trend, or bullish or bearish...