Great News! eToro Released new "MICRO LOT TRADING"

 

eToro has released a new version of their platform with a new exciting feature: “MICRO LOT TRADING”.

Micro lots enable traders to buy and sell smaller amounts of currency with each trade. Whereas a standard mini lot contains 10,000 currency units a mini lot is comprised of only 1,000 currency units. Practically speaking, what that means for eToro’s Bronze account traders (eToro’s standard beginner account), is that they can now open trades with as little as $2.5 of initial investment!

Example: 1,000 units of EUR/USD divided by a leverage of X400 will result in a $2.5 trade amount needed to open such a trade.

This will enable our Bronze account traders to open TEN TIMES MORE TRADES!

As an eToro trader, you can use this new feature in your eToro platform. With micro lot trading, your traders can open more trades and practice better money management with smaller investments. With a $100 deposit, they can now invest as little as 2.5% of their balance capital for each trade, instead of having to invest 25% with a minimum $25 trade.

The feature is sure to have massive appeal to novice traders who are just starting out in forex, because now with a small deposit of $50 in their eToro account, traders can get a lot more market action for their money. Download your eToro now and avail this amazing opportunity.

Get Started in a Visual Mode

http://www.etoro.com/B60_A16980_TClick.aspx

Happy New Year 2010

Merry Christmas & Happy Holidays

Merry Christmas & Happy Holidays

Non Farm Payroll Results December 2009:+120 pips in just 1st 30 minutes & a total of +226 pips in about 6 ½ hours.

(Click Image to Enlarge)

Non Farm Payroll/NFP/ Non Farm Employment Change Forex trading news was expected to be -125K whereas the previous number was -190K and it was predicted if NFP > -225K USD JPY will go short 40-60 pips in 1st 15-30 minutes & if < -25K it will go long 40-60 pips in 1st 15-30 minutes. It came out to be -11k. It was a great trigger so it gathered 120 pips in just 30 minutes and the trend continued for the next 6 ½ hrs and went long for a huge +226 pips in total. Overall it was a great profitable month.

If at 8:30am EST NFP > -225K USD JPY will go short 40-60 pips & if < -25K it will go long 40-60 pips in 1st 15-30 minutes.

FORECAST for Friday, December 4th, 8:30 am Eastern Standard Time. Non Farm Payroll/NFP/ Non Farm Employment Change a high impact Forex trading news & is expected to be -125K whereas the previous number was -190K. It is the Change in the number of employed people during the previous month, excluding the farming industry. If at 8:30am EST NFP > -225K USD JPY will go short 40-60 pips in 1st 15-30 minutes & if < -25K it will go long 40-60 pips in 1st 15-30 minutes

Happy Thanksgiving! from FXGS

Happy Thanksgiving!

Forex Geek Squad

MetaTrader 5 the Next Generation Forex trading platform has been released for public Beta testing.

MetaTrader 5 the Next Generation Forex trading platform has been released for public beta testing.


The release of the platform for trading is scheduled for the beginning of 2010.

MetaTrader 5 is the trading platform designed for the organization of brokerage services in Forex, CFD and Futures, as well as equity markets. It can be used to trade in several financial markets and stock exchanges from a single account.

Click the Picture above to Download Meta Trader 5 Beta platform

Or Visit http://www.metaquotes.net/en/metatrader5 to download the Platform.

Resources:

http://www.mql5.com/

http://www.metaquotes.net/en/metatrader5

http://www.forex-tsd.com/metatrader-5/20130-metatrader-5-client-terminal.html

http://metatrader5.blogspot.com/

An MQL5 book is planned and it will be written by Sergey Kovalyov , author of the MQL4 book.

The forum , mql5 documentation and articles section are already working, but the code base is still in development.

All forum accounts have been moved from the MQL4 website, so anyone can use their own existing login.

MQL4 Vs MQL5:

MQL5 is the next generation of MQL4 language, in which numerous indicators, scripts, and Expert Advisors were written. Even though the MQL5 programming language is maximally compatible with the previous MQL4 language, there are still some differences between these languages. And when transferring programs these differences should be noted.


Major Differences (for programmers):

1. The number of indicator buffers are unlimited.

2. The new language does not have functions start(), init() and deinit().

3. Check of logical conditions is shortened.

4. dll is downloaded immediately after downloading an Expert Advisor.

5. Precedence of operators like in C + +.

6. When limits of an array are exceeded, the current performance is terminated.

7. The language offers the implicit type cast.

8. Common local arrays are automatically deleted.

9. Local variables are not initialized automatically.

Compared to Meta Trader 4, the usability and usefulness has majorly improved. Beta testing is already in process. Programmers have also started converting their indicators to the new MetaTrader 5 platform. After over two years of development, the MetaTrader 5 has been released for public beta testing. The MetaTrader 5 terminal, as well as the whole platform, was rewritten from scratch.

Non Farm Payroll Results November:+40 pips in just 1st 30 minutes & a total of +76 pips in about 2 hours.

(Click Image to Enlarge)

Non Farm Payroll/NFP/ Non Farm Employment Change Forex trading news was expected to be -175K whereas the previous number was -263K and it was predicted if NFP > -270K USD JPY will go short 60-80 pips & if < -70K it will go long 60-80 pips in 1st 15-30 minutes.It came out to be -190 even though it was not a great trigger it could still gather 76 pips in total in the next 2 hours. USD JPY started from 90.36 and touched 89.96 those were 40 pips in just 1st 30 minutes. During the next 2 hours it reached 89.60 that was a total of 76. Overall it was a good profitable month.

If at 8:30am EST NFP > -270K USD JPY will go short 60-80 pips & if < -70K it will go long 60-80 pips in 1st 15-30 minutes.

FORECAST for Friday, November 6th, 8:30 am Eastern Standard Time. Non Farm Payroll/NFP/ Non Farm Employment Change a high impact Forex trading news & is expected to be -175K whereas the previous number was -263K. It is the Change in the number of employed people during the previous month, excluding the farming industry. If at 8:30am EST NFP > -270K USD JPY will go short 60-80 pips & if < -70K it will go long 60-80 pips in 1st 15-30 minutes.

Happy Halloween From Forex Geek Squad

"Just like a ghost, you've been a-hauntin' my dreams, So I'll propose on Halloween. Love is kinda crazy with a spooky little girl like you." – The Classics IV

HAPPY HALLOWEEN

&

HAPPY TRADING

Wishes From the Whole Team

of

FOREX GEEK SQUAD