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Winalot And EAezGor
Filed Under (EA System, Journal) by Casey on 22-06-2009
Tags: EAezGor, Winalot
Extra! Extra! Read all about it… Win a lot and EA ezGor on the loose!!
Ok… lousy opening… but one just try to make it interesting no??
Anyway… finally… after days of testing and re testing I got some results out… Some EA can be really difficult to backtest you know. Some are pretty easy. Don’t know if it’s the coding or not… but Winalot and especially EAezGor took like forever to complete some backtest…
I wanted to stretch the backtest from 1999 but somehow or rather… my MT4 crashed…. I think this is because I was backtesting on my laptop and not on my PC. Yeah I know these sort of backtesting exercise should be done on the PC rather than a laptop but because I am constantly on the go, I work on a laptop more rather than a desktop. If it was a desktop while it is good, I have to run back and forth to test it and check if it’s done or not. blah blah blah…
Enough about my problems…
Let’s get down to some juicy part of this post shall we?
As usual I would run back testing since 2008… for both these two EA and below are the results (Click on graph to view statement)
Winalot
For EAezGor… I did only 2009 because it took so long … (Warning: the backtesting results file is pretty big for only 2009 results)
EAezGor
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Have You Ever Wondered?
Filed Under (EA System) by Casey on 17-06-2009
Tags: Bullshit, Forex Fantasy, Forex Maestro, Forex Magic Machine, Forex Wonder, HL Direct, Piracy, Scam, Semi Automatic Forex Engine
Have you ever wondered about most of this BS scam that has been going around since early this year? Yes… I wondered about it most of the time. With the new EA that came out… theforexwonder.com. It makes me wonder even more.
It has the same smell as a piece of $hit that has just been sitting there.
But this post is not ALL about this new EA. You might say this post is old news but so far it has not been compile in a more clearer way. So now I am going to compile one very big shabang on these fu(kers… It is so sad that it originates from somewhere close to home.
Here are the the posts when I first started discovering this bullshit…
While I have to admit, someone has already raise a red flag or pointed me to the information on my blog but I did not really put focus on this issue until I got another email from Zeno of 4xproject.com about this new EA… theforexwonder.com
I think it is about time to relive this BS and smoke it to kingdom come.
Ok… let’s start. Read the rest of this entry »
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Win a Lottery!!
Filed Under (EA System, Journal) by Casey on 16-06-2009
Tags: EAezGor, Fedora FX, Winalot
I guess I strike it rich this time!! Just after a few days after Fedora FX requested my assistance to review their EA. I got another requests.
EGO Boost My… my… am I that popular?
Let me pump up my ego a bit here and savior this new found fame…
Hah… I can continue to keep dreaming. Once is a fluke, the second time is a coincidences. Maybe when I get request day in day out can I proclaim that I am popular… Now that’s a thought.
But I must say, I did not start this blog for it to become a review site. I started this blog because I WANT TO MAKE MONEY FROM FOREX! Hmmm that did not sound right.. I think I started this blog to share my experiences with trading forex EA and of course the journey which I encounter in forex trading.
Sighh… but my performances does not seem to reflect that. I guess I stand a better chance at winning a lottery than trading forex. But I must persist…. move forward…
Oh… sorry… I think I have missed the point of this post. Anyway… I am again honored that someone had requested me to test and write a review on their EA…
If you haven’t figured out from my title, then it’s… Read the rest of this entry »
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Fedora FX
Filed Under (EA System) by Casey on 16-06-2009
Tags: Cyborg EA, Fedora FX, IBFX
Having backtested Fedora FX… I thought it would be a good idea to send back my result to Tom first and allow him to comment on it first before I write my ‘low down dirty Shane’ about it.
Tom has given me two EA, one of it is for GBPUSD which the performances is being advertising on his site while the other EA was for USDCAD. So I started with GBPUSD, while backtesting result for GBPUSD was excellent from 2008 to May 2009..
(Click on graph to view statement)
Fedora FX
Much needs to be said for USDCAD…
Fedora FX
So discarding USDCAD… I push the backtesting results for GBPUSD to 1999… And I was pretty sad with the results
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A Quick Wank is a NO-NO!
Filed Under (Journal, Performance) by Casey on 15-06-2009
Tags: Alpari, Cyborg EA, FXDD, FXOpen, IBFX
It’s confession time. At times I like to have a quick wank at forex. It is becoming too often and very scary and I believe I need to see a doctor about it…
You see… last thurday I thought I could get away with a quick shot on profit with Cyborg EA. I mean… hey I seem to be getting quite a good winning streak on my IBFX account with Cyborg. So… why not…
Devil The uttering of these two word ‘Why Not’ drew the devil inside of me. On top of that my chinese blood in me just had to scream ‘Punt! Punt! Punt! Punt!’
Gawd dang!! I am just sooooo weak…
I said to myself JUST one or two punt for that day. My luck could not be that bad right? I mean looking at how well Cyborg has been performing
So there I was… ok… maybe it wasn’t me. But somehow something happened and I move my risk level to 5% from my current 1% of my trading balance with Cyborg… ON ALL THREE CURRENCY PAIR!!
As the day have it… two trades were triggered at 0.56 lots on a $600 account balance going on a Martingale strategy on the first degree going up to 4.72 to the fourth degree!!
Who says this is not crazy risk, please raise up your hand?
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Fed Ex Came to Call
Filed Under (EA System, Journal) by Casey on 14-06-2009
Tags: Fedora FX, Fibonacci, Martingale System
It was very nice of a lot of people asking me what happened to me, when I was out of action since Tuesday… after my last post… I think a lot of them think that I splurge out post after post within a day or two without missing a beat…
So many thanks for your concern… I have been a busy bee I tell you… Well… not only was I busy thinking… but also busy planning… You see, after the discovery of Forex Transformer, Espionage, Conqueror… (which took me a few days to compose by the way) I had to reorganize my operation Euro Blitzkrieg…which I hope to write on my next post after this one…
Anyway, on top of reorganizing… I had to pull myself off the celling… I got a surprise email from FedX… :)
Fedora FX
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Transformer got Decepti-CONned?
Filed Under (EA System, Journal) by Casey on 14-06-2009
Tags: 4xProject, Bullshit, Forex Conqueror, Forex Espionage, Forex Peace Army, Forex Raid, Forex Transformer, Forex Vampire
Is this true?! Optimus Prime got Decepti-CONED?
Well… As I was testing and trying out all the EA on my operation bliztkrieg which seems to be going up in smokes… I found out that Transformer is actually another free EA.
When Onur asked me to investigate this EA, I saw the source code and though it looked familiar… but I could not put my nose on it. I search almost all the source codes on my library but could not find any similarity…
Then when Zeno from 4xproject.com emailed to me with regards to Transformer being the same as Conqueror and Vampire (New EA) It hit me!
I went to check Forex Conqueror’s source code and there you have it…
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Operation Blitzkrieg
Filed Under (EA System, Journal) by Casey on 10-06-2009
Tags: Automatic trading, Cyborg EA, EuroBlaster, Forex Boomerang, Forex Crusher, Forex Espionage, Forex Transformer, Manual trading, Pipzu
This is day 2 of operation Euro Blitzkrieg. I have set up all the EA on the demo ground to see how well it will perform on the training field.
Suffice to say… it was pretty tedious to set it up in an organize manner. It wasn’t easy but it has got to be done. To win the war… these soldiers must be ready. If they are not… then screw it.
As day 2 comes to an end… I found out more and more interesting things about these EA. Some were not what they are cut out for. But we shall see.
I have set up two different training ground. One demo platform is put in place to let them run freely without any control. Where else the other demo platform, the EA are controlled.
The controlled idea came about with I was reading and testing Firebird Driven. The reason for control is that because most of the EA has a very big stop loss level. The problem is that with big stop losses, all you need is one stop to whip your profits down to size.
And it would take a whole load of pips to get back on track. This is undesireable. And I believe what causes the see saw in the backtesting graph.
But this needs to be proven.. which EA needs to be control and which doesn’t. It is for that reason, I have set up two different demo to experiment.
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Thunder Thor
Filed Under (EA System) by Casey on 10-06-2009
Tags: Backtest, Thunder EA
I previously said that I would write something about this graph below…
Thunder 4WD EUR GBP V1
(Click on image to view statement)
Well… I was busy trying to enterprise my blog a bit… So had to wait a few days before writing this up.
Anyway… as the title suggest. This EA is non other than the FREE EA… Thunder 4WD EUR GBP V1.
This was pretty awkward. I manage to backtest this EA from 2008 till End May 2009. But when I started to backtest this further back to 1999… I got this error…
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Euro Blitzkrieg
Filed Under (EA System, Journal) by Casey on 06-06-2009
Tags: Automatic trading, Backtest, Cyborg EA, EuroBlaster, Forex Boomerang, Forex Crusher, Forex Espionage, Forex Transformer, Manual trading, Pipzu
I was trying to backtest other EA in my ‘To Be Tested’ folder… and as I was backtesting and backtesting and backtesting…
An idea popped up on my head…. But… before I dived into what this idea is about… I notice that during all these backtesting… a lot of the graph were see-saw shaped.
While the profit factor is interesting within the initial time period of 2008 till end May 2009… the see saw graph proves discouraging…
Maybe because I am brainwashed by the so called ’smooth’ equity curve… like this one below
Equity Curve
(Will talk more about this in another post)
Or recently… like this linear graph below…
Linear Line
hehe.. this guy made no promise to me that he will share his secrets…
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FXDD Auto - Forex Trading Software
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FXDDAuto provides FXDD clients a fully automated trading system that executes signals and strategies from third party signal providers in an FXDD trading account.
With the FXDD Auto platform, traders have the ability to monitor, control and configure trades from signal providers. A trader's presence is not required to enter or exit trades. Execution and money management is automatic, and includes trailing stop losses, stop and limit orders and trade updates.
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fxddauto trading benefits Fully automatic trade execution on a remote server.
fxddauto trading benefits Trade for only 1 pip commission. NO SIGNAL FEES!
fxddauto trading benefits Multiple signal providers on same account for diversification.
fxddauto trading benefits Stable, robust and easy-to-use platform.
fxddauto trading benefits Trade from $10k lot size upwards.
fxddauto trading benefits Never miss a trade – work, sleep, and other commitments will not interfere.
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fxddauto trading benefits Trade notifications by e-mail for opened/closed trades.
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Forex News & Commentary
* USDCAD moves toward intraday support. Moves up today on lower oil
June 22, 2009
The USDCAD peaked at the 1.5554 level, a pip short of the resistance high from today’s earlier post and started to correct lower (see earlier post). The 100 bar MA on the 5 minute chart comes in at 1.1503. The price has pretty much tracked above the 100 bar…
* EURCHF consolidates lower today.
June 22, 2009
There was excitement in the EURCHF last week with support coming from BIS purchases of the pair. However, the downward bias has reemerged and wanders back down toward the 1.5000 level which has held the downside. The pair has held the 100 hour moving on the topside today but…
* GBPJPY forming its own Head and Shoulder at the top
June 22, 2009
The GBPJPY is down today as players exit the risk trades and enter the dollar after commodities and stocks decline. The GBPJPY may be forming its own head and shoulder formation (the EURUSD is struggling with its own formation) with the 154.82 area as the neckline level needed to break. …
* USDCAD slows its move higher. Comes off the high.
June 22, 2009
The USDCAD has had a big run up today. The low was reached in the 1st 5 minutes at 1.1327. The high has been 1.1554. The prior high today before the last move up was 1.1543. Watch these levels. I expect profit taking sellers against the levels. Moves above,…
* GBPUSD holds support at the 1.6329 level.
June 22, 2009
The 61.8% retracement of the move higher last week comes in at the 1.6329. The low reached 1.6328. In the past the holding has led to the short covering. Watch the upside.
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FXDD Auto - Forex Trading Software
FXDDAuto provides FXDD clients a fully automated trading system that executes signals and strategies from third party signal providers in an FXDD trading account.
With the FXDD Auto platform, traders have the ability to monitor, control and configure trades from signal providers. A trader's presence is not required to enter or exit trades. Execution and money management is automatic, and includes trailing stop losses, stop and limit orders and trade updates.
The advantages of FXDD Auto are:
fxddauto trading benefits Fully automatic trade execution on a remote server.
fxddauto trading benefits Trade for only 1 pip commission. NO SIGNAL FEES!
fxddauto trading benefits Multiple signal providers on same account for diversification.
fxddauto trading benefits Stable, robust and easy-to-use platform.
fxddauto trading benefits Trade from $10k lot size upwards.
fxddauto trading benefits Never miss a trade – work, sleep, and other commitments will not interfere.
fxddauto trading benefits Transparent trading results from signals providers. Trade notifications by email for opened/closed trades.
fxddauto trading benefits Trade notifications by e-mail for opened/closed trades.
fxddauto trading benefits Three modes of money management available. Free 30-Day DEMO with trading signals.
fxddauto trading benefits Assists traders with overcoming the barriers of trading (e.g., poor money management, lack of discipline, and portfolio management).
fxddauto trading benefits Multiple systems available - trade an unlimited number of signal providers.
Request a FXDD Auto
Demo Account
Please complete the form on the right. Then download the software installation.
Trading in the spot foreign exchange market involves a significant risk of loss and is not suitable for everyone. Clients should evaluate their financial condition in light of the potential risk of loss before deciding to trade. Only discretionary risk capital should be used for trading. Discretionary risk capital is capital that if lost will not cause a change in your lifestyle.
Minimum System Requirements
Windows 2000 / XP / Vista
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Forex News & Commentary
* USDCAD moves toward intraday support. Moves up today on lower oil
June 22, 2009
The USDCAD peaked at the 1.5554 level, a pip short of the resistance high from today’s earlier post and started to correct lower (see earlier post). The 100 bar MA on the 5 minute chart comes in at 1.1503. The price has pretty much tracked above the 100 bar…
* EURCHF consolidates lower today.
June 22, 2009
There was excitement in the EURCHF last week with support coming from BIS purchases of the pair. However, the downward bias has reemerged and wanders back down toward the 1.5000 level which has held the downside. The pair has held the 100 hour moving on the topside today but…
* GBPJPY forming its own Head and Shoulder at the top
June 22, 2009
The GBPJPY is down today as players exit the risk trades and enter the dollar after commodities and stocks decline. The GBPJPY may be forming its own head and shoulder formation (the EURUSD is struggling with its own formation) with the 154.82 area as the neckline level needed to break. …
* USDCAD slows its move higher. Comes off the high.
June 22, 2009
The USDCAD has had a big run up today. The low was reached in the 1st 5 minutes at 1.1327. The high has been 1.1554. The prior high today before the last move up was 1.1543. Watch these levels. I expect profit taking sellers against the levels. Moves above,…
* GBPUSD holds support at the 1.6329 level.
June 22, 2009
The 61.8% retracement of the move higher last week comes in at the 1.6329. The low reached 1.6328. In the past the holding has led to the short covering. Watch the upside.
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Thursday, June 4, 2009
FXCM Holdings LLC continues to make a public release of its balance sheet.
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Highlight of the (unaudited) balance sheet include the following:
$114,985,838 In Capital
Read More
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USD/JPY Forming Short Term Congestion USD/JPY Forming Short Term Congestion
The 15 minute USD/JPY has formed a Continuation Rectangle with a ceiling at 96.27 and a floor at 95.78. This is a short term time frame, but one that has defined the range of this pair since the Sunday open. more
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USD/JPY Forming Short Term Congestion USD/JPY Forming Short Term Congestion
The 15 minute USD/JPY has formed a Continuation Rectangle with a ceiling at 96.27 and a floor at 95.78. This is a short term time frame, but one that has defined the range of this pair since the Sunday open. more
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US Dollar Consolidation Continues - Watch for Breakouts This Week
Euro: Are European Officials Over Zealous In Projecting a Recovery?
Japanese Yen to Rise as Risky Assets Extend Losses
British Pound Outlook Sours on Potential S&P 500 Reversal
Swiss Franc Weakness Likely on Credible SNB Intervention Threat
Canadian Dollar Doesn’t Act Like an Economy Ahead of Recovery Curve
Australian Dollar Vulnerable As Risk Appetite Abates
New Zealand Dollar Appreciation To Weigh on Economic Outlook
Full Article
Currency Analyst
John
Rivera
Euro Heavy Despite Higher German IFO, As ECB Rhetoric Lowers Interest Rate Expectations
The Euro has started to consolidate earlier losses after the German IFO report showed an improvement in business sentiment for the third straight month. The German IFO business climate reading in June rose for a third month to 85.9 from 84.3 signaling that the economy may haved bottomed.
Full Article
Market / Economic News
Euro Adheres to Falling Trend-Line; H&S Back in Play (Daily Classical)
Monday, 22 June 2009 17:35:15 GMT
Falling U.K. Home Prices May Postpone A BoE QE Exit Strategy
Monday, 22 June 2009 11:40:27 GMT
More Reports
Senior Currency Strategist
Jamie
Saetelle
Euro Drop Accelerates; Breakdown Level is 1.3750
US dollar crosses remain confined to their respective ranges but a US dollar breakout may be just around the corner. 1.3750 is the breakdown level for the EURUSD.
Full Article
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Euro Drop Accelerates; Breakdown Level is 1.3750
Monday, 22 June 2009 13:40:10 GMT
FX Technical Weekly
Friday, 19 June 2009 20:55:02 GMT
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Canadian Dollar Front & Center; Sell @1.1580 (Midday Snapshot)
Monday, 22 June 2009 15:41:14 GMT
Forex Strategy Outlook: US Dollar Trend Boosts Trading Prospects
Monday, 22 June 2009 14:01:18 GMT
GBP/JPY Head and Shoulders Formation
Monday, 22 June 2009 13:49:17 GMT
US Dollar May See Breaks vs. the Majors Amid Growth Reports, Fed Decision
Monday, 22 June 2009 14:02:54 GMT
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Monday, 22 June 2009 14:01:18 GMT
By David Rodriguez, Quantitative Strategist
An early-week turnaround in the US Dollar has led our trend-based trading signals , and a continuation in US Dollar strength could set up ideal conditions for outperformance in key strategies. Extremely choppy market price action has made it difficult for longer-term trend traders to catch worthwhile currency moves, and our Momentum systems are no exception. Yet markets have been a bit too volatile for our Range strategies to do well, and unclear market outlook leaves us in a difficult position. When in doubt, we typically revert back to our high-risk/high-reward Momentum and Breakout systems.
Full Article
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Euro May Rise on German IFO Gains But Overall Outlook Remains Bearish (Euro Open)
Monday, 22 June 2009 04:58:23 GMT
By Ilya Spivak, Currency Analyst
The Euro may see short-term gains ahead with Germany’s IFO Business Climate indicator expected to rise for the third consecutive month in June since hitting a record low in March. However, economic growth and interest rate expectations continue to favor a bearish Euro bias against the US Dollar.
Full Article
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Equities and Carry Trade Topped
Friday, 19 June 2009 00:32:15 GMT
Risk Appetite Weighed by Forecasts for Recession, Looming Financial Risks
Friday, 12 June 2009 10:20:54 GMT
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A Drop In Canadian Retail Sales Would Conflict With Bullish “Loonie” Technical Outlook
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Euro Drop Accelerates; Breakdown Level is 1.3750
Daily FX Brief - US Open
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Euro Heavy Despite Higher German IFO, As ECB Rhetoric Lowers Interest Rate Expectations
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Friday, 19 June 2009 21:52:00 GMT
US Dollar Falls, But Finds Trendline Support - Breakout Potential?
Top FX Headlines
Monday, 22 June 2009 11:40:27 GMT
Falling U.K. Home Prices May Postpone A BoE QE Exit Strategy
Currency Crosses
Friday, 19 June 2009 18:01:37 GMT
Australian Dollar Crosses at Risk of Reversing
Cross Markets Data Reaction
Wednesday, 17 June 2009 15:26:21 GMT
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Saturday, 20 June 2009 02:06:59 GMT
Forex Trading Weekly Forecast - 06.22.09
US Dollar Consolidation Continues - Watch for Breakouts This Week
Euro: Are European Officials Over Zealous In Projecting a Recovery?
Japanese Yen to Rise as Risky Assets Extend Losses
British Pound Outlook Sours on Potential S&P 500 Reversal
Swiss Franc Weakness Likely on Credible SNB Intervention Threat
Canadian Dollar Doesn’t Act Like an Economy Ahead of Recovery Curve
Australian Dollar Vulnerable As Risk Appetite Abates
New Zealand Dollar Appreciation To Weigh on Economic Outlook
Full Article
Currency Analyst
John
Rivera
Euro Heavy Despite Higher German IFO, As ECB Rhetoric Lowers Interest Rate Expectations
The Euro has started to consolidate earlier losses after the German IFO report showed an improvement in business sentiment for the third straight month. The German IFO business climate reading in June rose for a third month to 85.9 from 84.3 signaling that the economy may haved bottomed.
Full Article
Market / Economic News
Euro Adheres to Falling Trend-Line; H&S Back in Play (Daily Classical)
Monday, 22 June 2009 17:35:15 GMT
Falling U.K. Home Prices May Postpone A BoE QE Exit Strategy
Monday, 22 June 2009 11:40:27 GMT
More Reports
Senior Currency Strategist
Jamie
Saetelle
Euro Drop Accelerates; Breakdown Level is 1.3750
US dollar crosses remain confined to their respective ranges but a US dollar breakout may be just around the corner. 1.3750 is the breakdown level for the EURUSD.
Full Article
Technical Analysis
Euro Drop Accelerates; Breakdown Level is 1.3750
Monday, 22 June 2009 13:40:10 GMT
FX Technical Weekly
Friday, 19 June 2009 20:55:02 GMT
More Reports
Forex Alerts
Canadian Dollar Front & Center; Sell @1.1580 (Midday Snapshot)
Monday, 22 June 2009 15:41:14 GMT
Forex Strategy Outlook: US Dollar Trend Boosts Trading Prospects
Monday, 22 June 2009 14:01:18 GMT
GBP/JPY Head and Shoulders Formation
Monday, 22 June 2009 13:49:17 GMT
US Dollar May See Breaks vs. the Majors Amid Growth Reports, Fed Decision
Monday, 22 June 2009 14:02:54 GMT
Analyst Picks
US Dollar Rises to Start Trading Week Despite Stock Gains
Full Article
Free $50,000 Forex Practice Account
Try An FXCM Micro Account - Only $25 To Open
Live Educational Webinars - Euro Trading Tips, Getting Started in Forex & More
Trading Guides & E-mails - Elliot Wave Trading, 12 Daily Currency Lessons & More
Forex reports
special fx reports
Forex Strategy Outlook: US Dollar Trend Boosts Trading Prospects
Monday, 22 June 2009 14:01:18 GMT
By David Rodriguez, Quantitative Strategist
An early-week turnaround in the US Dollar has led our trend-based trading signals , and a continuation in US Dollar strength could set up ideal conditions for outperformance in key strategies. Extremely choppy market price action has made it difficult for longer-term trend traders to catch worthwhile currency moves, and our Momentum systems are no exception. Yet markets have been a bit too volatile for our Range strategies to do well, and unclear market outlook leaves us in a difficult position. When in doubt, we typically revert back to our high-risk/high-reward Momentum and Breakout systems.
Full Article
special fx reports
Euro May Rise on German IFO Gains But Overall Outlook Remains Bearish (Euro Open)
Monday, 22 June 2009 04:58:23 GMT
By Ilya Spivak, Currency Analyst
The Euro may see short-term gains ahead with Germany’s IFO Business Climate indicator expected to rise for the third consecutive month in June since hitting a record low in March. However, economic growth and interest rate expectations continue to favor a bearish Euro bias against the US Dollar.
Full Article
Also in Special Reports
Thursday, 18 June 2009 22:29:52 GMT
Equities and Carry Trade Topped
Friday, 19 June 2009 00:32:15 GMT
Risk Appetite Weighed by Forecasts for Recession, Looming Financial Risks
Friday, 12 June 2009 10:20:54 GMT
Tech Talk 06.19.2009
Friday, 19 June 2009 04:30:29 GMT
A Drop In Canadian Retail Sales Would Conflict With Bullish “Loonie” Technical Outlook
More Trading Reports More Special Reports
FXCM News FXCM News
daily fx reports
Daily Forecasts
Monday, 22 June 2009 17:35:15 GMT
Euro Adheres to Falling Trend-Line; H&S Back in Play (Daily Classical)
Daily Technicals
Monday, 22 June 2009 13:40:10 GMT
Euro Drop Accelerates; Breakdown Level is 1.3750
Daily FX Brief - US Open
Monday, 22 June 2009 09:46:23 GMT
Euro Heavy Despite Higher German IFO, As ECB Rhetoric Lowers Interest Rate Expectations
Daily Fundamentals
Friday, 19 June 2009 21:52:00 GMT
US Dollar Falls, But Finds Trendline Support - Breakout Potential?
Top FX Headlines
Monday, 22 June 2009 11:40:27 GMT
Falling U.K. Home Prices May Postpone A BoE QE Exit Strategy
Currency Crosses
Friday, 19 June 2009 18:01:37 GMT
Australian Dollar Crosses at Risk of Reversing
Cross Markets Data Reaction
Wednesday, 17 June 2009 15:26:21 GMT
US Dollar Correlation to Gold Signals Risk to Longer-Term Trend
More Daily ReportsMore Daily Reports
trading fx reports
Pairs to Range Trade
Friday, 19 June 2009 20:08:11 GMT
High Risk Requires a Quick and Refined NZDJPY Range Setup
Chart of the Week
Friday, 19 June 2009 20:55:02 GMT
FX Technical Weekly
Trading News Reports
Friday, 19 June 2009 13:33:44 GMT
EUR/USD: Trading the German IFO Business Confidence Survey
Carry Trade and Risk Report
Friday, 19 June 2009 00:32:15 GMT
Risk Appetite Weighed by Forecasts for Recession, Looming Financial Risks
Forecast Reports
Wednesday, 03 June 2009 01:57:22 GMT
Forex Technical and Fundamental Forecasts for June
FXCM Interest Rate Rollover Schedule
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Thursday, 18 June 2009 13:38:32 GMT
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Saturday, 20 June 2009 02:06:59 GMT
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Monday, 08 June 2009 18:21:30 GMT
COT: Speculators Trim Euro Longs
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Monday, 22 June 2009 14:01:18 GMT
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Friday, 19 June 2009 12:00:17 GMT
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Thursday, 18 June 2009 00:34:09 GMT
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Tuesday, 02 June 2009 16:53:44 GMT
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forexyard: Were The Zew Reports Overly Optimistic?
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carlos: June 22nd 2009, Getting Ready For A Branch To Crack
Jun 22, 8:16 GMT
c0nundrum: Fastma - Fastest Moving Average Indicator
Jun 22, 8:07 GMT
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MechXTrader: Parabolic Sar - Alert Indicator
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superdrol: I'm A Trend Follower
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cable: Gbp/usd
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Frankietp: Why Most Newbie Traders Fail?
Mar 11, 15:16 GMT
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* U.S. markets open with losses; Dollar and Yen, stronger
* Forex: Commodity pairs fall across the board, USD higher
* Forex: GBP/USD: Pound breaks below 1.6400
* Forex: GBP/USD: Pound weakens further to test 1.6400
* Foreign investors biught $9.05B in canadian securities; USD/CAD, at 1-month high
* Bourse Et Forex Attentistes Avant La Fed
* Eur/usd : Tendance Baissière À Confirmer
* Le pétrole brut pourrait-il atteindre 75$ le baril ?
* L'euro pénalisé par le secteur bancaire
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* ContraTrader: Kolganov Forecasts By Eurusd, Gbpusd, Usdchf And Gold
Jun 22, 13:12 GMT
* ContraTrader: June 19th 2009, Winds Of Caution Prevail
Jun 22, 13:09 GMT
* carlos: June 22nd 2009, Getting Ready For A Branch To Crack
Jun 22, 8:16 GMT
* c0nundrum: Fastma - Fastest Moving Average Indicator
Jun 22, 8:07 GMT
* AcetraderFX: Intraday Aud/usd Trading Signal By Acetrader.com :
Jun 22, 7:57 GMT
* olosta: Broker Suisse?
Jun 22, 13:57 GMT
* Mikhail Kurakin: Liteforex
Jun 22, 13:37 GMT
* Johnbrego: Tester Simultanément Plusieurs Ea (expert Advisor) Sur Mt4
Jun 22, 13:34 GMT
* KevinT: Pdf Analyse D'aujourd'hui. Tradingetanalyse.com
Jun 22, 9:40 GMT
* Tribuforex: Résistances Et Supports
Jun 22, 0:37 GMT
Tags cloud analyse forex analyse technique forex currency currency change currency converter currency exchange eur usd usa bourse exchange currency foreign exchange forex forex analysis forex change forex correlation forex exchange forex news forex technical analysis forex trading forextrading le forex marche des devises taux de change taux de change forex taux forex trading trading forex
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Contact | Author : Arnaud Jeulin
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Our advice is only informative, they only reflects our vision of the market. They are based on our experience on forex, we can not hold the truth. You are responsible for the use of such boards.
It is prohibited to publish, reproduce or distribute in any way or any of the content of the website Mataf.net, whether in written, graphic or image, without our express permission.
[Analyse d'audience]
You
8:43:02 P.M.
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3:43:02 P.M.
London
4:43:02 P.M.
New York
11:43:02 A.M.
Tokyo
0:43:02 A.M.
Forex
Home Forex Analysis Trading Tools Forum Currency converter Trade now
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* Adjust the position sizing
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Other trading tools...
twitter forex
Forex News
*
U.S. markets open with losses; Dollar and Yen, stronger
*
Forex: Commodity pairs fall across the board, USD higher
*
Forex: GBP/USD: Pound breaks below 1.6400
Sponsor
Trade Forex with FXCM - Low spreads, trading from charts, real-time price alerts, & complimentary trading signals with a live account!
Currency trading involves significant risk of loss.
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More News
News
forexyard: Daily Forex Overview - German Ifo Business Climate On Tap
Jun 22, 10:46 GMT
forexyard: Weekly Predictions - Forex Events This Week - Volatility Ahead?
Jun 22, 10:33 GMT
forexyard: Daily Forex Overview - Market Expects Low Volatility Today
Jun 19, 12:01 GMT
forexyard: Were The Zew Reports Overly Optimistic?
Jun 19, 10:56 GMT
Arnaud Jeulin: Fxcm Expands Krone Pair Offerings For Nordic Region
Jun 18, 16:14 GMT
forexyard: Gold Price Anticipating Bullish Run
Jun 18, 14:02 GMT
Forex News
Technical Analysis
AUD/USD - Australian Dollar US Dollar
Jun 22, 12:47 GMT
EUR/AUD - Euro Australian Dollar
Jun 22, 12:46 GMT
EUR/CAD - Euro Canadian Dollar
Jun 22, 12:44 GMT
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Jun 22, 12:42 GMT
EUR/GBP - Euro British Pound
Jun 22, 12:39 GMT
EUR/JPY - Euro Yen
Jun 22, 12:37 GMT
USD/JPY - Dollar Yen
Jun 22, 12:35 GMT
USD/CHF - Dollar Swiss Franc
Jun 22, 12:33 GMT
USD/CAD - US Dollar Canadian Dollar
Jun 22, 12:31 GMT
GBP/USD - British Pound Dollar
Jun 22, 12:29 GMT
GBP/JPY - British Pound Yen
Jun 22, 12:27 GMT
EUR/USD - Euro Dollar
Jun 22, 12:26 GMT
Technical analysis
Forum
Last posts
ContraTrader: Kolganov Forecasts By Eurusd, Gbpusd, Usdchf And Gold
Jun 22, 13:12 GMT
ContraTrader: June 19th 2009, Winds Of Caution Prevail
Jun 22, 13:09 GMT
carlos: June 22nd 2009, Getting Ready For A Branch To Crack
Jun 22, 8:16 GMT
c0nundrum: Fastma - Fastest Moving Average Indicator
Jun 22, 8:07 GMT
AcetraderFX: Intraday Aud/usd Trading Signal By Acetrader.com :
Jun 22, 7:57 GMT
MechXTrader: Parabolic Sar - Alert Indicator
Jun 20, 10:16 GMT
Most viewed
TheRumpledOne: Free Mt4 Indicators - Therumpledone
Jun 20, 18:38 GMT
superdrol: I'm A Trend Follower
Apr 27, 13:35 GMT
cable: Gbp/usd
Nov 26, 6:22 GMT
Frankietp: Why Most Newbie Traders Fail?
Mar 11, 15:16 GMT
Arnaud Jeulin: October 10th - Unemployment Rate, Trade Balance, Bank Of Canada Business Outlook Survey
Oct 10, 4:30 GMT
collins: You Start In Forex Trading
Mar 19, 14:46 GMT
Search
FXCM
More information
Visit FXCM's website
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Actualité du forex
Forex News
English
Français
* U.S. markets open with losses; Dollar and Yen, stronger
* Forex: Commodity pairs fall across the board, USD higher
* Forex: GBP/USD: Pound breaks below 1.6400
* Forex: GBP/USD: Pound weakens further to test 1.6400
* Foreign investors biught $9.05B in canadian securities; USD/CAD, at 1-month high
* Bourse Et Forex Attentistes Avant La Fed
* Eur/usd : Tendance Baissière À Confirmer
* Le pétrole brut pourrait-il atteindre 75$ le baril ?
* L'euro pénalisé par le secteur bancaire
* Un dollar en tendance haussière et un marché action en baisse
Forex News
Actualité du forex
Forex Forum
English
Français
* ContraTrader: Kolganov Forecasts By Eurusd, Gbpusd, Usdchf And Gold
Jun 22, 13:12 GMT
* ContraTrader: June 19th 2009, Winds Of Caution Prevail
Jun 22, 13:09 GMT
* carlos: June 22nd 2009, Getting Ready For A Branch To Crack
Jun 22, 8:16 GMT
* c0nundrum: Fastma - Fastest Moving Average Indicator
Jun 22, 8:07 GMT
* AcetraderFX: Intraday Aud/usd Trading Signal By Acetrader.com :
Jun 22, 7:57 GMT
* olosta: Broker Suisse?
Jun 22, 13:57 GMT
* Mikhail Kurakin: Liteforex
Jun 22, 13:37 GMT
* Johnbrego: Tester Simultanément Plusieurs Ea (expert Advisor) Sur Mt4
Jun 22, 13:34 GMT
* KevinT: Pdf Analyse D'aujourd'hui. Tradingetanalyse.com
Jun 22, 9:40 GMT
* Tribuforex: Résistances Et Supports
Jun 22, 0:37 GMT
Tags cloud analyse forex analyse technique forex currency currency change currency converter currency exchange eur usd usa bourse exchange currency foreign exchange forex forex analysis forex change forex correlation forex exchange forex news forex technical analysis forex trading forextrading le forex marche des devises taux de change taux de change forex taux forex trading trading forex
© www.Mataf.net 2002 - 2009.
Contact | Author : Arnaud Jeulin
Mataf.net is an information site on the foreign exchange market. We can not guarantee the information available on this site, but if you notice a mistake you can contact us, we will do our best to correct it.
Our advice is only informative, they only reflects our vision of the market. They are based on our experience on forex, we can not hold the truth. You are responsible for the use of such boards.
It is prohibited to publish, reproduce or distribute in any way or any of the content of the website Mataf.net, whether in written, graphic or image, without our express permission.
[Analyse d'audience]
Forex Trading discussed
Forex Trading discussed
Receive rebates on every trade you make !
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Forex Trading Recommendations
FXCM
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Revolutionary trading system, very easy-to-use, educational, low spreads
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GAIN
Spreads as low as 1 pip on majors, Meta Trader 4 platform supported
GAIN trading rebates
Read our GAIN review
Forex Trading News
Eurozone recovers sustainably and Greenback remains weak 06-19-2009 11:01
The single currency did not surpass the 20-Day moving average for the second straight day, while during European trading the Euro traded close to 1.3910. The EUR/ USD pair climbed to a 1.3951 level and found support anticipating on 1.3880 during last night’s trading. However, the pair could >> read more
US Dollar defensive on reserve concerns 06-17-2009 13:01
Markets continue to aim on the durability of the Greenback as the global reserve currency, on which the US Dollar continued its defensive position. According to analysts, the Russians were eager to discuss the necessity for a new reserve currency, while some soothing was the result of the fact that >> read more
Yens gains massively and Euro rises on German confidence report 06-16-2009 14:12
The Japanese Yen posted impressive gains against the most important high-yielding currencies on the back of falling Asian equity markets due to speculations that a survey could show a delay in US industrial production, which resulted in risk aversion sentiment among traders today. The eurozone >> read more
New to Forex ?
If you are new to Forex, you should read our brief introduction to learn the market basics.
We discuss basic concepts and explain what you should now as a new trader. We also have some special recommendations regarding brokers and trading software for novice traders.
>> read more
Forex Statistics
HomeFree demo accountTrade rebatesBroker reviews
* Forex strategies
o Trading Styles
+ Scalping
+ Carry trading
+ Position trading
NewsNew to Forex ?Contact
Forex trading is not suitable for all traders and involves considerable risk. Privacy Statement
We trust that the information on our website will contribute to your knowledge of Forex trading. We suggest that you learn as much as you can about this market before you start trading Forex.
Receive rebates on every trade you make !
Our rebate program can improve your chances of success in the Forex market significantly by lowering your transaction costs.
You can receive up to 0.5 pip or $5 back on each (standard) lot you trade if you indicate on your account application form that you were referred by us. This doesn't cost you anything and you will continue to receive these rebates as long as you keep trading.
An example: a 0.5 pip rebate on a market spread of 2 pip means lowering your transaction costs by 25 %
Another example: imagine that you trade 50 lots per month with a rebate of $5. That would be $250 per month and $3000 per year for which you have to do nothing at all!
>> read more about our rebate program
About Forex Trading Pal
Forex Trading Pal operates as introducing broker in the Forex market. This means that we introduce clients to Forex brokers. Our services are completely free for all investors that open their account through us.
Using an introducing broker has many advantages over going directly to your broker to open your account. The most important advantage is our Forex rebate program. This program is free for all investors and allows you to receive back a significant portion of the spread costs you pay when trading. Participation in this program is completely free, the rebates you receive monthly are therefore a huge cost saver for you as a trader.
Forex trading Pal also works with you to find the most appropriate broker for you based on our experience and the information you provide to us. This differs for each client because each client situation is unique and client needs of course vary.
Forex Trading Recommendations
FXCM
One of the most respected brokers, very tight spreads, best customer service
Free FXCM demo account
FXCM trading rebates
Read our FXCM review
eToro
Revolutionary trading system, very easy-to-use, educational, low spreads
Free eToro demo account
Read our eToro review
GAIN
Spreads as low as 1 pip on majors, Meta Trader 4 platform supported
GAIN trading rebates
Read our GAIN review
Forex Trading News
Eurozone recovers sustainably and Greenback remains weak 06-19-2009 11:01
The single currency did not surpass the 20-Day moving average for the second straight day, while during European trading the Euro traded close to 1.3910. The EUR/ USD pair climbed to a 1.3951 level and found support anticipating on 1.3880 during last night’s trading. However, the pair could >> read more
US Dollar defensive on reserve concerns 06-17-2009 13:01
Markets continue to aim on the durability of the Greenback as the global reserve currency, on which the US Dollar continued its defensive position. According to analysts, the Russians were eager to discuss the necessity for a new reserve currency, while some soothing was the result of the fact that >> read more
Yens gains massively and Euro rises on German confidence report 06-16-2009 14:12
The Japanese Yen posted impressive gains against the most important high-yielding currencies on the back of falling Asian equity markets due to speculations that a survey could show a delay in US industrial production, which resulted in risk aversion sentiment among traders today. The eurozone >> read more
New to Forex ?
If you are new to Forex, you should read our brief introduction to learn the market basics.
We discuss basic concepts and explain what you should now as a new trader. We also have some special recommendations regarding brokers and trading software for novice traders.
>> read more
Forex Statistics
HomeFree demo accountTrade rebatesBroker reviews
* Forex strategies
o Trading Styles
+ Scalping
+ Carry trading
+ Position trading
NewsNew to Forex ?Contact
Forex trading is not suitable for all traders and involves considerable risk. Privacy Statement
We trust that the information on our website will contribute to your knowledge of Forex trading. We suggest that you learn as much as you can about this market before you start trading Forex.
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ABOUT OUR COMPANY
We sifted through a lot of stuff out there and have perfected this system over the last 6 years. We now want to share it with others.
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Forex Trading Strategy | Forex Trading Home
* Forex Trading Home
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Trade well.
Forex trading doesn’t have to be complicated.
We’ve found the sweet spot: Simple strategies that generate lots of pips
Read some success stories here
Jump Start ® —Our free strategy
Our 5-pips-at-a-time strategy
Get in. Get out. Make money.
Sign up for Jump Start and get a discount on Launch Pad and the Nth Degree
Launch Pad ® —Our flagship product
Our beginner trading system
Get in. Stay in longer. Get out.
Increase your account balance dramatically.
Nth Degree ® —NOW AVAILABLE!
Our advanced trading system
Multiple signals to get in and out.
Increase your profits by 3-5 times.
FREE INSTANT ACCESS
Enter Your Information Below And We’ll Immediately Give You Access To Our Free
Jump Start Trading Strategy
Your Name *
Your First & Last Name
Your E-Mail Address *
Choose a Username *
Choose a Password *
Must be 4 or more characters
Confirm your password *
Enter password again
Note: We respect your privacy and your email address will not be shared or sold.
WHAT OUR MEMBERS OUR SAYING
"The best one I did was for over 70 pips which netted me over $700. I wouldn’t hesitate at all telling somebody else about it, launch pad is a good system." - Rob Cottle, Utah "I have learned more from the techniques and trading signals [presented in Jump Start Videos] than I have from all the free info and expensive courses put together. I finally have confidence in my trades by just trusting the signals and doing what you teach. My account is growing faster than I expected. I can’t say thank you enough." - Chris McElhatton "I am so glad I found your system when I did! I was way beyond 25 pips a day when I purchased Launch Pad. In fact my pips per day has tripled! And I’m not even done with all of the videos!!!! This is great!" - Philip Dietzman, Wisconsin
ABOUT OUR COMPANY
We sifted through a lot of stuff out there and have perfected this system over the last 6 years. We now want to share it with others.
TRADING PHILOSOPHY
We believe that a trading system or strategy shouldn’t be complicated. Once you have a system that works, you might as well keep using it.
Earnings Disclaimer | Forex Blog | Contact Us
Copyright © 2007-2008 Freedom Investment Group, Inc. • SEO by ioVentures, Inc. a Utah SEO (Search Engine Optimization) Firm
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Open a Classic Account and start trading today:
Tight spreads from 1.8 pips
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Open a Classic Account and start trading today:
Fully automated portfolio solution
One account, two platforms - works in parallel with MetaTrader 4
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Minimum trade size 0.1 lot
29 currency pairs
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Open Live Account > Ready to trade?
Try Systematic for free:
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Unlimited virtual trading funds
29 currency pairs
Unlimited Access to Alpari Academy
Restricted access Alpari Research
Open Demo Account >Practice risk-free?
Forex is a leveraged product. It may not be suitable for you as it carries a high degree of risk to your capital and you can lose more than your initial investment. You should ensure you understand all of the risks.
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Access free online Forex trading education to help you make informed, responsible trading decisions.
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All the latest news from Alpari (UK)
Earn a 10% credit bonus when you introduce a friend to Alpari 07.06.2009
Alpari UK offers you two ways to do more with Forex 30.05.2009
25th May Bank Holiday working hours 20.05.2009
Welcome to our UK website
MetaTrader 4SystematicAdvantages Micro Account Classic Account Free Demo Content on this page requires a newer version of Adobe Flash Player.
An account with MT4 gives you the following benefits:
Tight spreads and best execution
Access to Alpari Academy and Alpari Research
FSA regulation and Safety of customer funds
MetaTrader4 platform, available free for PC, mobile and multi-terminal editions
Helpful Client Services Team
Open Live Account > Ready to trade?
Open Demo Account >Practice risk-free?
Open a Micro Account and start trading today:
Tight spreads from 1.8 pips
Floating leverage - up to 1:500
USD 200 minimum deposit
Max open position 2 standard lots
Minimum trade size 0.01 lot,
Trade size increment 0.01 lot
5 decimal price feed
29 currency pairs
Telephone trading
Unlimited access to Alpari Academy and Alpari Research
Open Live Account > Ready to trade?
Open a Classic Account and start trading today:
Tight spreads from 1.8 pips
Floating leverage - up to 1:500
USD 500 minimum deposit
Max open position – no limit
Minimum trade size 0.1 lot,
Trade size increment 0.01 lot
5 decimal price feed
29 currency pairs
Telephone trading
Unlimited access to Alpari Academy and Alpari Research
Open Live Account > Ready to trade?
Try MetaTrader 4 for Free:
Unlimited free demo period
Unlimited virtual trading funds
5th decimal price feed
29 currency pairs
Restricted access to Alpari Research
Unlimited Access to Alpari Academy
Open Demo Account >Practice risk-free?
Advantages Classic Account Free Demo Content on this page requires a newer version of Adobe Flash Player.
An account with Systematic gives you these benefits:
Fully automated portfolio solution
Web-based, low cost trading
One account, two platforms - works in parallel with MetaTrader 4
transparent trade results
Diversification and risk management options
Comprehensive online video tutorials
Open Live Account > Ready to trade?
Open Demo Account >Practice risk-free?
Open a Classic Account and start trading today:
Fully automated portfolio solution
One account, two platforms - works in parallel with MetaTrader 4
No subscription or maintenance fees
USD 500 minimum deposit
Minimum trade size 0.1 lot
29 currency pairs
Unlimited access to Alpari Academy and Alpari Research
Open Live Account > Ready to trade?
Try Systematic for free:
30 day free demo period
Unlimited virtual trading funds
29 currency pairs
Unlimited Access to Alpari Academy
Restricted access Alpari Research
Open Demo Account >Practice risk-free?
Forex is a leveraged product. It may not be suitable for you as it carries a high degree of risk to your capital and you can lose more than your initial investment. You should ensure you understand all of the risks.
alpari.academy
Featured video: Introduction to Alpari Academy.
Access free online Forex trading education to help you make informed, responsible trading decisions.
MetaTrader 4 Video Tutorials
Introduction to Forex
Mastering Forex
Managing your Forex portfolio
alpari.research
Get access to institutional-level investment research and trading tools:
Fundamental Analysis
Economic Calendar
WebTV – Watch all videos
Technical Reports
Are you
protecting
your Forex investments as well as you could be?
Find out more Any questions?
We at Alpari pride ourselves on offering a world class customer service. If you have any questions, please feel free to contact us.
FAQ: Find your answer
Email: info@alpari.co.uk
Client Services:
+44 (0)20 7426 2900
Sales:
+44 (0)20 7426 2890
© 2004-2009 Alpari (UK), LTDWhy Alpari?
Getting Started
Top 10 Questions
Open Live Account
Open Free Demo Account
Account Types
Micro Forex, CFDs, Metals
Spreads from 1.8 pip"
Our Advantages
Safety of Funds
Download MetaTrader 4
MetaTrader 4 Tutorials
User Guide
Historical Data
Company News
Alpari Group
Introducing Brokers
Contact Us
Client Services
Alpari Academy
Alpari Research
Forex Forum
FAQ
Risk Warning
Privacy Policy
Regulation
Treating Customers Fairly
Site Map
Legal Statements
Alpari (UK) Limited is authorised and regulated by the Financial Services Authority . FSA Register number 448002 .
Company No. 05284142 . Registered Office: 201 Bishopsgate, London, EC2M 3AB, United Kingdom
Forex Trading
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How to make money in Foreign Currencies using Fibonacci Retracements and Fibonacci Profit Targets. Brought to you by www.LeverageFX.com
How to make money in Foreign Currencies using Fibonacci Retracements and Fibonacci Profit Targets. Brought to you by www.LeverageFX.com
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yusofhardy (1 month ago) Show Hide 0 Marked as spam Reply How do you differentiate between retracement and reversal?
leveragefx (1 month ago) Show Hide Marked as spam Reply That's easy. We use our trend identification tools FX Multimap which shows statistical strength/weakness and also FX Power Index which shows % of currencies that support buying/selling.
IF on the pullback to the fib level there is not much weakness on these tools and the previous move up had HUGE strength then we look at the 38 to 50% fib level to buy and the EXACT entry is when trendline over the highs gets broken! Reverse for shorts. Call us and I'll give you a week of our classes free.
masmir016 (1 month ago) Show Hide 0 Marked as spam Reply Great , very clear and simple explaination
on Fibonacci Retreacements, easy to understand
sbusz (2 months ago) Show Hide +1 Marked as spam Reply nice tutorial. liked how you kept it simple so even a noob like me can understand
smklakken (2 months ago) Show Hide 0 Marked as spam Reply Excellent explanation of Fibonacci
CurrencyCafe (2 months ago) Show Hide 0 Marked as spam Reply I run a hedge fund and Fibonacci trading is the backbone of my trading. This is an excellent video.
wwwForexsigcom (4 months ago) Show Hide 0 Marked as spam Reply The Fibonacci strategy can be very profitable if you know how to correctly implement it.
leveragefx (4 months ago) Show Hide Marked as spam Reply Our TopGun Software NOW HAS AUTOMATIC Fibonacci thanks to our new Visual Basic Programming language and one of our happy customers Reza who spent hundreds of hours programming AUTO Fibs! Thanks Reza, now ANYBODY can properly use Fibonacci
midwesttransplant (5 months ago) Show Hide 0 Marked as spam Reply With have competing Fib patterns (for ex. one that forms over a couple of days vs. one that forms over a couple hours), how do you know which to trade. I was just stopped out on a trade from a strong short term down trend on a bounce to the 61.8 level (I shorted) but realized that the low was actually the 50% retracement on a big 2 day move and the market kept moving up.
Is that the kind of thing that you think accounts for many busted Fib trades(or news of course).
Thanks!
Thanks
leveragefx (5 months ago) Show Hide Marked as spam Reply Yes, this is exactly what we teach our traders. There are indeed Fib patterns off of different time frame trends and when they line up they are called FIB CLUSTERS. Buying Fib cluster support or selling Fib cluster resistance are some of the highest probability trades.
We also teach which Fib level to buy/sell based on our FX Multimap trend strength and where the currency is on longer term charts.
Our new FX Power Index trend tool also improves accuracy.
Next Pages: 1 2 3 ... View all 49 comments
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How to make money in Foreign Currencies using Fibonacci Retracements and Fibonacci Profit Targets. Brought to you by www.LeverageFX.com
How to make money in Foreign Currencies using Fibonacci Retracements and Fibonacci Profit Targets. Brought to you by www.LeverageFX.com
Category: News & Politics
Tags: forex trading fibonacci retracement target daytrading technical analysis profits euro dollar currency learn FX easy URL
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More From: leveragefx
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yusofhardy (1 month ago) Show Hide 0 Marked as spam Reply How do you differentiate between retracement and reversal?
leveragefx (1 month ago) Show Hide Marked as spam Reply That's easy. We use our trend identification tools FX Multimap which shows statistical strength/weakness and also FX Power Index which shows % of currencies that support buying/selling.
IF on the pullback to the fib level there is not much weakness on these tools and the previous move up had HUGE strength then we look at the 38 to 50% fib level to buy and the EXACT entry is when trendline over the highs gets broken! Reverse for shorts. Call us and I'll give you a week of our classes free.
masmir016 (1 month ago) Show Hide 0 Marked as spam Reply Great , very clear and simple explaination
on Fibonacci Retreacements, easy to understand
sbusz (2 months ago) Show Hide +1 Marked as spam Reply nice tutorial. liked how you kept it simple so even a noob like me can understand
smklakken (2 months ago) Show Hide 0 Marked as spam Reply Excellent explanation of Fibonacci
CurrencyCafe (2 months ago) Show Hide 0 Marked as spam Reply I run a hedge fund and Fibonacci trading is the backbone of my trading. This is an excellent video.
wwwForexsigcom (4 months ago) Show Hide 0 Marked as spam Reply The Fibonacci strategy can be very profitable if you know how to correctly implement it.
leveragefx (4 months ago) Show Hide Marked as spam Reply Our TopGun Software NOW HAS AUTOMATIC Fibonacci thanks to our new Visual Basic Programming language and one of our happy customers Reza who spent hundreds of hours programming AUTO Fibs! Thanks Reza, now ANYBODY can properly use Fibonacci
midwesttransplant (5 months ago) Show Hide 0 Marked as spam Reply With have competing Fib patterns (for ex. one that forms over a couple of days vs. one that forms over a couple hours), how do you know which to trade. I was just stopped out on a trade from a strong short term down trend on a bounce to the 61.8 level (I shorted) but realized that the low was actually the 50% retracement on a big 2 day move and the market kept moving up.
Is that the kind of thing that you think accounts for many busted Fib trades(or news of course).
Thanks!
Thanks
leveragefx (5 months ago) Show Hide Marked as spam Reply Yes, this is exactly what we teach our traders. There are indeed Fib patterns off of different time frame trends and when they line up they are called FIB CLUSTERS. Buying Fib cluster support or selling Fib cluster resistance are some of the highest probability trades.
We also teach which Fib level to buy/sell based on our FX Multimap trend strength and where the currency is on longer term charts.
Our new FX Power Index trend tool also improves accuracy.
Next Pages: 1 2 3 ... View all 49 comments
Would you like to comment?
Join YouTube for a free account, or sign in if you are already a member. Try YouTube in a new web browser!Download Google Chrome Search YouTube Programs Help Legal Discover
Contact Us Advertising Help Resources Privacy Policy YouTube on Your Phone
Company Info Developers YouTube Handbook Terms of Service YouTube on Your Site
Press Room Partnerships Community Help Forums Copyright Notices YouTube on Your TV
Business Blog Content Management Safety Center Community Guidelines YouTube RSS Feeds
YouTube Blog TestTube
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© 2009 YouTube, LLC
Saturday, June 20, 2009
Foreign exchange rates
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Sunday, 21 June 2009
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LAHORE, June 20 (APP): Pakistan cricket team will have to emerge as a unit and give their best on the field if they wish to realize their dream of becoming the world champions of the Twenty20 cricket, the title which eluded them in 2007.
Read more...
PCB disappointed with break down in talks
LAHORE,June 20 (APP)- Pakistan Cricket Board on saturday expressed disappointment as International Cricket Council failed to resolve PCB’s ongoing issues in relation to the hosting of matches in the ICC Cricket World Cup 2011,contrary to the claims by International Cricket Council (ICC).
Read more...
Pakistan captain confident of success in Sunday’s final
LONDON, June 20 (APP)-Pakistan cricket captain Younus Khan voiced confidence ahead of Sunday’s ICC World Twenty20 final against Sri Lanka and said his players were determined to the end the tournament on a victorious note.
Read more...
Talks with World Cup co-hosts fails
LONDON, June 20 (APP)- The crucial talks between Pakistan Cricket Board and three co-hosts over the staging of 2011 World Cup matches in Pakistan have failed after the participants at their meeting at Lord’s on Saturday could not reach an amicable understanding.
Read more...
ICC Annual Conference week begins on Monday
LONDON, June 20 (APP): The ICC Chief Executives’ Committee (CEC) will start off a series of meetings for world cricket’s leading administrators when it begins its discussions here at Lord’s on Monday.
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Shaheed Benazir Bhutto birthday to be marked with simplicity - MQM delegation meets President Asif Ali Zardari - Information Minister says either we will live or terrorist to surviv... - Qamar Zaman Kaira to visit Garhi Khuda Baksh Bhutto on Sunday - Shazia pays tributes to Benazir Bhutto Shaheed - Strategy being prepared for safe return of IDPs: Information Ministe...
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Foreign exchange rates PDF Print E-mail
KARACHI, Jun 12 (APP): The Exchange Rates Committee of State Bank of Pakistan issued the following Exchange Rates Bulletin here on Friday.
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Foreign Currency Account Scheme PDF Print E-mail
KARACHI, Jun 12 (APP): The Foreign Exchange Rates Committee of State Bank of Pakistan issued the following Base Rate here on Friday.
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Closing rates of F.C. in kerb currency market PDF Print E-mail
KARACHI, June 11 (APP): Following are the closing rates of Foreign Currencies (F.C) in kerb currency market,issued here on Thursday by Forex Association of Pakistan.
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NBP Exchange Rates PDF Print E-mail
KARACHI, Jun 11 (APP): Treasury Management Division of National Bank of Pakistan (NBP) Thursday issued the following Exchange rates:
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Currency rates of NBP PDF Print E-mail
KARACHI, Jun 11 (APP): Following are the selling/ buying rates of major currencies issued by National Bank of Pakistan (NBP) here on Thursday.
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Pakistani batsmen must rise to the occasion in the Finals
LAHORE, June 20 (APP): Pakistan cricket team will have to emerge as a unit and give their best on the field if they wish to realize their dream of becoming the world champions of the Twenty20 cricket, the title which eluded them in 2007.
Read more...
PCB disappointed with break down in talks
LAHORE,June 20 (APP)- Pakistan Cricket Board on saturday expressed disappointment as International Cricket Council failed to resolve PCB’s ongoing issues in relation to the hosting of matches in the ICC Cricket World Cup 2011,contrary to the claims by International Cricket Council (ICC).
Read more...
Pakistan captain confident of success in Sunday’s final
LONDON, June 20 (APP)-Pakistan cricket captain Younus Khan voiced confidence ahead of Sunday’s ICC World Twenty20 final against Sri Lanka and said his players were determined to the end the tournament on a victorious note.
Read more...
Talks with World Cup co-hosts fails
LONDON, June 20 (APP)- The crucial talks between Pakistan Cricket Board and three co-hosts over the staging of 2011 World Cup matches in Pakistan have failed after the participants at their meeting at Lord’s on Saturday could not reach an amicable understanding.
Read more...
ICC Annual Conference week begins on Monday
LONDON, June 20 (APP): The ICC Chief Executives’ Committee (CEC) will start off a series of meetings for world cricket’s leading administrators when it begins its discussions here at Lord’s on Monday.
Read more...
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* May, 2009
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KARACHI, Jun 12 (APP): The Exchange Rates Committee of State Bank of Pakistan issued the following Exchange Rates Bulletin here on Friday.
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Foreign Currency Account Scheme PDF Print E-mail
KARACHI, Jun 12 (APP): The Foreign Exchange Rates Committee of State Bank of Pakistan issued the following Base Rate here on Friday.
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Closing rates of F.C. in kerb currency market PDF Print E-mail
KARACHI, June 11 (APP): Following are the closing rates of Foreign Currencies (F.C) in kerb currency market,issued here on Thursday by Forex Association of Pakistan.
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NBP Exchange Rates PDF Print E-mail
KARACHI, Jun 11 (APP): Treasury Management Division of National Bank of Pakistan (NBP) Thursday issued the following Exchange rates:
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KARACHI, Jun 11 (APP): Following are the selling/ buying rates of major currencies issued by National Bank of Pakistan (NBP) here on Thursday.
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In 2003, FXOpen opened as an educational center in Cairo, Egypt educating and preparing individuals and groups in technical analysis for stocks and foreign exchange.
In early 2005, FXOpen opened its own dealing service, and has since been at the forefront of the Retail Forex industry by striving to offer the best trading conditions, training and financial services to traders around the world.
FXOpen is a true success story achieved with strong customer service principles, flexible options, attractive promotions and a dedication to being the best.
Now in 2009, in addition to servicing Retail Forex clients via the industry standard trading platform, Metatrader 4, FXOpen is proud to announce the launch of its innovative ECN/STP service.
The FXOpen ECN/STP service is unique in the way that it bridges the world's top liquidity providers into one MT4 platform offering not only an ECN price feed but also true ECN/STP execution and fills. FXOpen also provides an excellent PAMM service that combines multiple accounts into one account for the convenience of money managers.
From inception, FXOpen, has been one of the foremost trading service for Islamic traders with Sharia compliant swap free accounts being provided to give Muslims the same opportunity as is offered to clients worldwide. As a company with a global vision, FXOpen has been and always will be a company that tries to understand the different needs of traders from all cultures and beliefs.
FXOpen, with its extensive global reach, wide range of services, strong growth and experienced team of professionals, is your best traveling partner along the road to success.
Our mission — To always put YOU first with exceptional client services, trading reliability and a winning attitude.
Advantages:
* Spreads — as low as 2 pips on EUR/USD.
* Minimum deposit for micro account — only $1.
* Minimum deposit for standard account — only $25.
* Instant order executions.
* Margin leverage from 1:1 up to 1:500.
* Free unlimited demo accounts available.
* Technical research and market news available regularly.
* Experienced and helpful support.
* Bonuses on new accounts.
* Trading contests.
* PAMM accounts.
* MetaTrader 4 platform.
* MetaTrader 4 PDA platform.
* MetaTrader 4 Smart Phone platform.
* Islamic accounts.
* ECN/STP accounts with Level II software.
As a financial investment company, "FXOpen Investments Inc" has a Category 1 Global Business License issued by the Financial Services Commission (FSC) of the Republic of Mauritius.
Company No.: 084573 C1/GBL; Category 1 Global Business № C108006805 License
"FXOpen Investments Inc." has the right to govern financial assets of its clients, carry on brokerage activity, make deals and conduct transactions in currency, stock and futures markets. The Company's activity completely satisfies the requirements of legislation and is controlled by the following laws:
* "Financial legislation 2007, article 93 "Deals"
* "Financial legislation 2005, article155 "Securities"
* "Financial legislation 2005, article 130"
* Legislation can be found on the website of FCS Republic of Mauritius.
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Totals
Standard accounts: 109288
Micro accounts: 54187
Last Order: 15885192
Subscribe Live News
Gold Fields Revises Down Q1 Operational Guidance - Update
French Industrial Production Fall Less Than Expected In August
Subscribe Analytics
GBPUSD Weekly Summary: Chart Formation and Key Levels to Watch
USDCHF Daily Forecast: June 17
About Us
In 2003, FXOpen opened as an educational center in Cairo, Egypt educating and preparing individuals and groups in technical analysis for stocks and foreign exchange.
In early 2005, FXOpen opened its own dealing service, and has since been at the forefront of the Retail Forex industry by striving to offer the best trading conditions, training and financial services to traders around the world.
FXOpen is a true success story achieved with strong customer service principles, flexible options, attractive promotions and a dedication to being the best.
Now in 2009, in addition to servicing Retail Forex clients via the industry standard trading platform, Metatrader 4, FXOpen is proud to announce the launch of its innovative ECN/STP service.
The FXOpen ECN/STP service is unique in the way that it bridges the world's top liquidity providers into one MT4 platform offering not only an ECN price feed but also true ECN/STP execution and fills. FXOpen also provides an excellent PAMM service that combines multiple accounts into one account for the convenience of money managers.
From inception, FXOpen, has been one of the foremost trading service for Islamic traders with Sharia compliant swap free accounts being provided to give Muslims the same opportunity as is offered to clients worldwide. As a company with a global vision, FXOpen has been and always will be a company that tries to understand the different needs of traders from all cultures and beliefs.
FXOpen, with its extensive global reach, wide range of services, strong growth and experienced team of professionals, is your best traveling partner along the road to success.
Our mission — To always put YOU first with exceptional client services, trading reliability and a winning attitude.
Advantages:
* Spreads — as low as 2 pips on EUR/USD.
* Minimum deposit for micro account — only $1.
* Minimum deposit for standard account — only $25.
* Instant order executions.
* Margin leverage from 1:1 up to 1:500.
* Free unlimited demo accounts available.
* Technical research and market news available regularly.
* Experienced and helpful support.
* Bonuses on new accounts.
* Trading contests.
* PAMM accounts.
* MetaTrader 4 platform.
* MetaTrader 4 PDA platform.
* MetaTrader 4 Smart Phone platform.
* Islamic accounts.
* ECN/STP accounts with Level II software.
As a financial investment company, "FXOpen Investments Inc" has a Category 1 Global Business License issued by the Financial Services Commission (FSC) of the Republic of Mauritius.
Company No.: 084573 C1/GBL; Category 1 Global Business № C108006805 License
"FXOpen Investments Inc." has the right to govern financial assets of its clients, carry on brokerage activity, make deals and conduct transactions in currency, stock and futures markets. The Company's activity completely satisfies the requirements of legislation and is controlled by the following laws:
* "Financial legislation 2007, article 93 "Deals"
* "Financial legislation 2005, article155 "Securities"
* "Financial legislation 2005, article 130"
* Legislation can be found on the website of FCS Republic of Mauritius.
Rambler's Top100 Forex 100 Financial Services sites at Top100.ws TOP 100 INVESTING SITES TOP 100 STOCK INVESTING SITES TOP 100 FINANCIAL SITES TOP 100 FOREX SITES LibertyReserve.com Directory
Company News
06/04 5:51
Important news for Agents
06/02 4:02
FXOpen at ForexExpo in Malaysia
04/28 9:14
Start of FXOpen ECN/STP Demo
02/05 8:00
The 10,000,000th transaction promo!
12/22 12:10
Christmas and New Year Holidays
Quotations
Global Interest Rates
Country Rate
Australia 3%
Canada 0.25%
Japan 0.1%
Swiss 0.25%
United Kingdom 0.5%
United States 0.25%
Europe 1%
* Home
* Privacy Policy
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Trading on the Forex market involves substantial risks, including complete possible loss of funds and other losses and is not suitable for all members.
Client should make an independent judgments as to whether trading is appropriate for him/her in light of his/her financial condition, investment experience, risk tolerance and other factors.
2005-2008 All rights reserved. © FXOpen
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EURUSD 1.3937 1.3939
GBPUSD 1.6493 1.6496
USDCHF 1.0810 1.0813
USDJPY 96.28 96.29
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Pair time GMT Highs (bid) Lows (ask) time GMT Amplitude, %
*EUR/USD 19:09:00 1.3934 1.3937 19:09:00 0.02
*USD/JPY 19:09:00 96.26 96.285 19:09:00 0.03
*EUR/JPY 19:09:00 134.14 134.18 19:09:00 0.03
*EUR/CHF 19:09:00 1.5069 1.5074 19:09:00 0.03
*GBP/USD 19:09:00 1.6492 1.6498 19:09:00 0.04
*CHF/JPY 19:09:00 89.005 89.04 19:09:00 0.04
*USD/CHF 19:09:00 1.0812 1.08165 19:09:00 0.04
*GBP/JPY 19:09:00 158.76 158.835 19:09:00 0.05
*EUR/GBP 19:09:00 .8447 .84525 19:09:00 0.07
*GBP/CHF 19:09:00 1.78305 1.78425 19:09:00 0.07
*USD/CAD 19:09:00 1.134 1.1348 19:09:00 0.07
*AUD/USD 19:09:00 .80585 .8068 19:09:00 0.12
*CAD/JPY 19:09:00 84.705 84.81 19:09:00 0.12
*EUR/AUD 19:09:00 1.7295 1.732 19:09:00 0.14
*AUD/JPY 19:09:00 77.565 77.68 19:09:00 0.15
*NZD/USD 19:09:00 .64195 .64305 19:09:00 0.17
*EUR/SEK 19:09:00 11.0163 11.0393 19:09:00 0.21
*EUR/NOK 19:09:00 8.915 8.9339 19:09:00 0.21
*USD/SEK 19:09:00 7.90235 7.92445 19:09:00 0.28
*USD/NOK 19:09:00 6.39225 6.41425 19:09:00 0.34
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Forex Calculator Currency Converter
Forex
Currency Bid Ask
EURUSD 1.3937 1.3939
GBPUSD 1.6493 1.6496
USDCHF 1.0810 1.0813
USDJPY 96.28 96.29
Put this code on your website:
Forex Trading
www.ac-markets.com
Add to your site
Pair time GMT Highs (bid) Lows (ask) time GMT Amplitude, %
*EUR/USD 19:09:00 1.3934 1.3937 19:09:00 0.02
*USD/JPY 19:09:00 96.26 96.285 19:09:00 0.03
*EUR/JPY 19:09:00 134.14 134.18 19:09:00 0.03
*EUR/CHF 19:09:00 1.5069 1.5074 19:09:00 0.03
*GBP/USD 19:09:00 1.6492 1.6498 19:09:00 0.04
*CHF/JPY 19:09:00 89.005 89.04 19:09:00 0.04
*USD/CHF 19:09:00 1.0812 1.08165 19:09:00 0.04
*GBP/JPY 19:09:00 158.76 158.835 19:09:00 0.05
*EUR/GBP 19:09:00 .8447 .84525 19:09:00 0.07
*GBP/CHF 19:09:00 1.78305 1.78425 19:09:00 0.07
*USD/CAD 19:09:00 1.134 1.1348 19:09:00 0.07
*AUD/USD 19:09:00 .80585 .8068 19:09:00 0.12
*CAD/JPY 19:09:00 84.705 84.81 19:09:00 0.12
*EUR/AUD 19:09:00 1.7295 1.732 19:09:00 0.14
*AUD/JPY 19:09:00 77.565 77.68 19:09:00 0.15
*NZD/USD 19:09:00 .64195 .64305 19:09:00 0.17
*EUR/SEK 19:09:00 11.0163 11.0393 19:09:00 0.21
*EUR/NOK 19:09:00 8.915 8.9339 19:09:00 0.21
*USD/SEK 19:09:00 7.90235 7.92445 19:09:00 0.28
*USD/NOK 19:09:00 6.39225 6.41425 19:09:00 0.34
Generate time range (GMT):
June 20, 2009, 00:00:00 - 19:10:42 Select date Reload
Forex Rates Today : Daily Online Forex Trading Information
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Pakistan Forex Scam Case
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Pakistan Forex Scam Case
From Wikipedia, the free encyclopedia
Jump to: navigation, search
Scales of justice
Criminal law
Part of the common law series
Elements
Actus reus · Mens rea
Causation · Concurrence
Scope of Criminal Liability
Complicity · Corporate · Vicarious
Inchoate offenses
Attempt · Conspiracy · Solicitation
Crimes against people
Assault · Battery
False imprisonment · Kidnapping
Mayhem · Sexual assault
Homicide Crimes
Murder · Felony murder
Manslaughter
Negligent homicide
Vehicular homicide
Crimes against property
Arson · Blackmail · Burglary
Embezzlement · Extortion
False pretenses · Larceny
Receiving stolen property
Robbery · Theft
Crimes against justice
Compounding · Misprision
Obstruction · Perjury
Malfeasance in office
Perverting the course of justice
Defenses to Liability
Defense of: (Self · Others · Property)
Consent · Diminished capacity
Duress · Entrapment · Ignorance
Infancy · Insanity · Intoxication
Justification · Mistake (Fact · Law)
Necessity · Provocation
Other common law areas
Contracts · Evidence · Property
Torts · Wills, trusts and estates
Portals
Criminal justice · Law
v • d • e
In November 2008 Munaf Kalia (Chief Executive Officer of Khanani and Kalia International (Pvt.) Ltd.), Yusuf Kalia, and associates, were charged for illegally transferring funds from Pakistan to Afghanistan.[1]
Contents
[hide]
* 1 Background
* 2 Exit control list
* 3 Time Line
* 4 Hawala business
* 5 References
[edit] Background
Since the depreciation of the rupee from July 2007, the Federal Investigation Agency was investigating the unexpected depreciation by the orders of the Pakistani government. In November 2008, the government sought support from Interpol with whose help the FIA cracked down all over Pakistan searching for persons involved in illegal smuggling of US dollars outside Pakistan.[2]The FIA conducted raids in various parts of Karachi detained more than 12 people including Munaf Kalia, and ten officials of the National Database Registration Authority suspected of providing counterfeit identity cards.[3]Manaf Kalia appeared in the court of Omar Awan, judicial magistrate South Karachi on November 9, 2008. The FIA sought and obtained a remand to Lahore to face another charge.
[edit] Exit control list
The Special Civil Court of Lahore, ordered that more than 14 names of different people involved in the forex scam case be included in the ECL (Exit Control List) of Pakistan.
[edit] Time Line
On November 10, 2008, the State Bank of Pakistan suspended the licence of Khanani and Kalia for 30 days and debarred KKI’s head office, branches, franchises payment booths and currency exchange booths from undertaking any kind of business for violating its rules and regulations.[4]
On December 10, 2008, the State Bank of Pakistan suspended the licence of Khanani and Kalia for an indefinite period of time. The suspension order further stated that the company's headquarter, branch offices and/or franchise cannot carry any business dealings.[5]
[edit] Hawala business
The government’s action against Hawala trade, which involves international network of currency dealers for making unrecorded payments in each other’s countries, was one step in the series of the forex scam case[6][7]. These steps were taken at a time when the rupee depreciated by 30 percent against the dollar since the beginning of 2008.
[edit] References
1. ^ http://www.geo.tv/11-9-2008/28465.htm
2. ^ http://www.thenews.com.pk/updates.asp?id=59605
3. ^ http://www.geo.tv/11-9-2008/28465.htm
4. ^ http://www.thenews.com.pk/daily_detail.asp?id=145962
5. ^ http://geo.tv/12-6-2008/30215.htm Jang Group of News
6. ^ http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online/Politics/12-Nov-2008/Hundi-system-to-be-smashed-Rehman
7. ^ http://www.usatoday.com/news/sept11/2001/10/01/hundi.htm
Retrieved from "http://en.wikipedia.org/wiki/Pakistan_Forex_Scam_Case"
Categories: Foreign exchange market | Finance fraud | Economy of Pakistan
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Pakistan Forex Scam Case
From Wikipedia, the free encyclopedia
Jump to: navigation, search
Scales of justice
Criminal law
Part of the common law series
Elements
Actus reus · Mens rea
Causation · Concurrence
Scope of Criminal Liability
Complicity · Corporate · Vicarious
Inchoate offenses
Attempt · Conspiracy · Solicitation
Crimes against people
Assault · Battery
False imprisonment · Kidnapping
Mayhem · Sexual assault
Homicide Crimes
Murder · Felony murder
Manslaughter
Negligent homicide
Vehicular homicide
Crimes against property
Arson · Blackmail · Burglary
Embezzlement · Extortion
False pretenses · Larceny
Receiving stolen property
Robbery · Theft
Crimes against justice
Compounding · Misprision
Obstruction · Perjury
Malfeasance in office
Perverting the course of justice
Defenses to Liability
Defense of: (Self · Others · Property)
Consent · Diminished capacity
Duress · Entrapment · Ignorance
Infancy · Insanity · Intoxication
Justification · Mistake (Fact · Law)
Necessity · Provocation
Other common law areas
Contracts · Evidence · Property
Torts · Wills, trusts and estates
Portals
Criminal justice · Law
v • d • e
In November 2008 Munaf Kalia (Chief Executive Officer of Khanani and Kalia International (Pvt.) Ltd.), Yusuf Kalia, and associates, were charged for illegally transferring funds from Pakistan to Afghanistan.[1]
Contents
[hide]
* 1 Background
* 2 Exit control list
* 3 Time Line
* 4 Hawala business
* 5 References
[edit] Background
Since the depreciation of the rupee from July 2007, the Federal Investigation Agency was investigating the unexpected depreciation by the orders of the Pakistani government. In November 2008, the government sought support from Interpol with whose help the FIA cracked down all over Pakistan searching for persons involved in illegal smuggling of US dollars outside Pakistan.[2]The FIA conducted raids in various parts of Karachi detained more than 12 people including Munaf Kalia, and ten officials of the National Database Registration Authority suspected of providing counterfeit identity cards.[3]Manaf Kalia appeared in the court of Omar Awan, judicial magistrate South Karachi on November 9, 2008. The FIA sought and obtained a remand to Lahore to face another charge.
[edit] Exit control list
The Special Civil Court of Lahore, ordered that more than 14 names of different people involved in the forex scam case be included in the ECL (Exit Control List) of Pakistan.
[edit] Time Line
On November 10, 2008, the State Bank of Pakistan suspended the licence of Khanani and Kalia for 30 days and debarred KKI’s head office, branches, franchises payment booths and currency exchange booths from undertaking any kind of business for violating its rules and regulations.[4]
On December 10, 2008, the State Bank of Pakistan suspended the licence of Khanani and Kalia for an indefinite period of time. The suspension order further stated that the company's headquarter, branch offices and/or franchise cannot carry any business dealings.[5]
[edit] Hawala business
The government’s action against Hawala trade, which involves international network of currency dealers for making unrecorded payments in each other’s countries, was one step in the series of the forex scam case[6][7]. These steps were taken at a time when the rupee depreciated by 30 percent against the dollar since the beginning of 2008.
[edit] References
1. ^ http://www.geo.tv/11-9-2008/28465.htm
2. ^ http://www.thenews.com.pk/updates.asp?id=59605
3. ^ http://www.geo.tv/11-9-2008/28465.htm
4. ^ http://www.thenews.com.pk/daily_detail.asp?id=145962
5. ^ http://geo.tv/12-6-2008/30215.htm Jang Group of News
6. ^ http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online/Politics/12-Nov-2008/Hundi-system-to-be-smashed-Rehman
7. ^ http://www.usatoday.com/news/sept11/2001/10/01/hundi.htm
Retrieved from "http://en.wikipedia.org/wiki/Pakistan_Forex_Scam_Case"
Categories: Foreign exchange market | Finance fraud | Economy of Pakistan
Views
* Article
* Discussion
* Edit this page
* History
Personal tools
* Log in / create account
Navigation
* Main page
* Contents
* Featured content
* Current events
* Random article
Search
Interaction
* About Wikipedia
* Community portal
* Recent changes
* Contact Wikipedia
* Donate to Wikipedia
* Help
Toolbox
* What links here
* Related changes
* Upload file
* Special pages
* Printable version
* Permanent link
* Cite this page
Powered by MediaWiki
Wikimedia Foundation
* This page was last modified on 19 February 2009 at 07:56.
* Text is available under the Creative Commons Attribution/Share-Alike License; additional terms may apply. See Terms of Use for details.
Wikipedia® is a registered trademark of the Wikimedia Foundation, Inc., a U.S. registered 501(c)(3) tax-deductible nonprofit charity.
* Privacy policy
* About Wikipedia
* Disclaimers
Pakistan’s forex
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Pakistan’s forex reserves plunge $10mln over the week
Thursday, 11 Jun, 2009 | 05:33 PM PST |
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Reserves posted a hefty decline over the past week — AFP/File photo.
Business
Inflation falls below thirty year high
ISLAMABAD: Pakistan’s foreign exchange reserves fell by $10 million to $11.51 billion in the week that ended on June 6, the central bank said on Thursday.
The State Bank of Pakistan’s reserves edged up to $8.20 billion from $8.18 billion a week earlier, while reserves held by commercial banks fell to $3.31 billion from the previous week at $3.34 billion, the State Bank of Pakistan said.
Foreign reserves hit a record high of $16.5 billion in October 2007 but fell steadily to $6.6 billion by November last year, largely because of a soaring import bill.
Pakistan agreed in November to an International Monetary Fund emergency loan package of $7.6 billion to avert a balance of payments crisis and shore up reserves. — Reuters
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Vision, not warfare, is needed to beat the Taliban and their ideology, argues Pervez Hoodbhoy.
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The Fata challenge
Will the residents of Fata willingly relinquish some of their freedoms in exchange for protection by the state?
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RELATED NEWS
* Inflation falls below thirty year high
* ADB report says Pakistan ‘living beyond its means’
* Develop trade, slash rates: experts
* Inflation surges by 1.41 per cent
* Weekly inflation up by 0.55pc
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Pakistan’s forex reserves plunge $10mln over the week
Thursday, 11 Jun, 2009 | 05:33 PM PST |
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Reserves posted a hefty decline over the past week — AFP/File photo.
Business
Inflation falls below thirty year high
ISLAMABAD: Pakistan’s foreign exchange reserves fell by $10 million to $11.51 billion in the week that ended on June 6, the central bank said on Thursday.
The State Bank of Pakistan’s reserves edged up to $8.20 billion from $8.18 billion a week earlier, while reserves held by commercial banks fell to $3.31 billion from the previous week at $3.34 billion, the State Bank of Pakistan said.
Foreign reserves hit a record high of $16.5 billion in October 2007 but fell steadily to $6.6 billion by November last year, largely because of a soaring import bill.
Pakistan agreed in November to an International Monetary Fund emergency loan package of $7.6 billion to avert a balance of payments crisis and shore up reserves. — Reuters
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HIGHLIGHTS
*
Preventing a Taliban victory
Vision, not warfare, is needed to beat the Taliban and their ideology, argues Pervez Hoodbhoy.
*
The Fata challenge
Will the residents of Fata willingly relinquish some of their freedoms in exchange for protection by the state?
advertisement
RELATED NEWS
* Inflation falls below thirty year high
* ADB report says Pakistan ‘living beyond its means’
* Develop trade, slash rates: experts
* Inflation surges by 1.41 per cent
* Weekly inflation up by 0.55pc
MOST READ
* Balochistan presents Rs71.6bn budget
* Peshawar airport reopens after two days
* Bomb hoax in Karachi’s Abdullah Shah Ghazi shrine
* Judge, aide shot dead in Quetta
* Uncertainty keeping IDPs from going back
MOST EMAILED
* Some demands of business and industry accepted
* Indo-Pak relations tense before key Obama speech
* Preventing a Taliban victory
* Deoband ulema term all Taliban actions un-Islamic
* Obama talks to Pakistan
DAWN Media Group Sites
* DawnNews TV
* CityFM89
* e-paper
* Spider
* Herald
DAWN Media
* Contact Us
* Feedback
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KSE Market Summary
Saturday Jun 20
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o Open Market Rates
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Welcome to FOREXKP.com, This site is designed to provide you upto date forex rates in open market, inter bank & internatioal forex market. You will find historical forex rates, forex charts & graphs, forex articles & much more. Enjoy the site.
Gold & Silver (Bullion) Rates Pak
Inter Bank Rates Pak
Oil, Energy Prices In Dollar
International Forex Rate
Forex Brokers of Pakistan
UAE Gold & Forex Rates
Inter Bank Currency Converter
Convert into
Pakistan Open Market Forex Rates
Updated at : 20/6/2009 11:41 PM (PST)
Currency
Buying
Selling
Australian Dollar
63.95
65.30
Canadian Dollar
71.00
72.20
China Yuan
11.25
12.00
Euro
112.30
114.00
Japanese Yen
0.838
0.848
Saudi Riyal
21.50
21.75
U.A.E Dirham
22.00
22.25
UK Pound Sterling
132.30
134.00
US Dollar
81.20
81.45
Inter Bank Rates
More Open Market Rates
Ads
KSE Market Summary
Jun 21, 2009 24:58
Market
Status
Suspend
Volume
96,955,320
Value
4,920,226,492.40
Trades
68,627
Symbols
Advanced
98
Decline
131
Unchanged
27
Total
256
Index
Current
High
Low
Change
KSE All Share Index
5047.64
5072.06
5007.58
-8.08
KSE 100 Index
7039.73
7078.07
6980.03
-12.04
KSE 30 Index
7448.03
7518.68
7374.34
-44.93
KMI 30 Index
10540.68
10628.40
10477.76
-54.54
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Budgetary measures to provide much-needed relief to public: Gilani
Saturday, 20 June 2009 12:15
Prime Minister, Syed Yousuf Raza Gilani, has expressed the confidence that the steps taken in the budget 2009-2010 will provide much-needed relief to the people. He stated this while talking to a delegation of the Muttahida Qaumi Movement (MQM), which led by Minister for Overseas Pakistanis, Dr Farooq Sattar, called on the Prime Minister at his Parliament House Chamber here on Friday.
Read more: Budgetary measures to provide much-needed relief to public: Gilani
NWFP budget termed balanced, poor-friendly
Saturday, 20 June 2009 12:14
The NWFP Minister for Population Welfare, Saleem Khan has termed the NWFP budget for the fiscal year 2009-10 as a balanced and poor friendly saying that despite unfavourable circumstances, the provincial government had announced a tax-free and welfare-oriented budget, which was not less than a big achievement in the prevailing scenario.
Read more: NWFP budget termed balanced, poor-friendly
Inflation to stay a major challenge amid rising oil prices: Hina
Saturday, 20 June 2009 12:13
Minister of State for Finance Hina Rabbani Khar on Friday said that inflation would continue to be a major challenge in the next fiscal year on the back of rising oil prices in the global market. Responding to the criticism of Senators, the Minister winding up speech on the budget debate said that rising prices of commodities and not the financial crisis was biggest threat to Pakistan.
Read more: Inflation to stay a major challenge amid rising oil prices: Hina
Forex Contents
* Home
* Daily Economic News
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o Strategy & Dicision Making
o Forex Technical
o Forex Risk Controlling
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* Forex Brokers Directory
* Forex Forecast
Forex Market Video
CURRENCY DIRECTORY
Interest Rates
Interest Rates Of Pakistan PAK 15.00%
Interest Rates Of New Zealand NZD NZD 5.00%
Interest Rates Of Australia AUD AUD 4.25%
Interest Rates Of United Kingdon-UK GBP GBP 1.50%
Interest Rates Of Europe EURO EUR EUR 2.00%
Interest Rates Of Canada CAD CAD 1.50%
Interest Rates Of Switzerland CHF CHF 0.50%
Interest Rates Of United States USD USD 0.25%
Interest Rates Of Japan JPY JPY 0.10%
Economic Indicators
Economic Indicators
Annual 2007/08
Foreign Debt $45.00bn
Per Cap Income $1085
GDP Growth 5.8%
Average CPI 12.00%
Monthly May
Trade Balance $-1.06 mln
Exports $1.49 bln
Imports $2.56 bln
Weekly June 15, 2009
Reserves $11.515 bln
Disclaimer:
Forexkp.com provides forex rates for public benefit. It is neither a foreign exchange company nor its is affiliated with any currency dealer. Forexkp.com doesn't buy, sell or transfer currency. Forexkp.como tries its level best to provide you accurate forex rates from various authentic sources. However forexkp.com is not responsible with respect to any transaction made on the basis of these forex rates.
Mobile Prices In pakistan | Exchange Rate | Urdu poetry | Free SMS | Mobiles | NewsFlap | SMS
Privacy Policy Contact Us: info@forexkp.com
logo
* Home
* Exchange Rate
o Open Market Rates
o Inter Bank Rates
o International Forex Rates
o Kenya Forex Rates
o Currency Rates in India
* Gold & Silver Rates
o PAK Gold and Silver Rates
o Energy / Oil Price
o UAE GOLD & Forex Rate
o India Gold / Silver Rates
* Fundamentals
o Basics of Forex
o glossary
o Personal Finance
o Economics Fundamentals
* Weekly News
Home
Welcome to FOREXKP.com, This site is designed to provide you upto date forex rates in open market, inter bank & internatioal forex market. You will find historical forex rates, forex charts & graphs, forex articles & much more. Enjoy the site.
Gold & Silver (Bullion) Rates Pak
Inter Bank Rates Pak
Oil, Energy Prices In Dollar
International Forex Rate
Forex Brokers of Pakistan
UAE Gold & Forex Rates
Inter Bank Currency Converter
Convert into
Pakistan Open Market Forex Rates
Updated at : 20/6/2009 11:41 PM (PST)
Currency
Buying
Selling
Australian Dollar
63.95
65.30
Canadian Dollar
71.00
72.20
China Yuan
11.25
12.00
Euro
112.30
114.00
Japanese Yen
0.838
0.848
Saudi Riyal
21.50
21.75
U.A.E Dirham
22.00
22.25
UK Pound Sterling
132.30
134.00
US Dollar
81.20
81.45
Inter Bank Rates
More Open Market Rates
Ads
KSE Market Summary
Jun 21, 2009 24:58
Market
Status
Suspend
Volume
96,955,320
Value
4,920,226,492.40
Trades
68,627
Symbols
Advanced
98
Decline
131
Unchanged
27
Total
256
Index
Current
High
Low
Change
KSE All Share Index
5047.64
5072.06
5007.58
-8.08
KSE 100 Index
7039.73
7078.07
6980.03
-12.04
KSE 30 Index
7448.03
7518.68
7374.34
-44.93
KMI 30 Index
10540.68
10628.40
10477.76
-54.54
DAILY POLL
Why Forexkp is Best?
Forex Rates
Gold Rates
Stock Market
Daily Analysis
Results
Network Sites
* Free SMS to Pakistan
* News and Updates of Cricket and Football
* Mobile Phones News and reviews
* Health News and Articles
* Science & Technology Breaking News
* RSS Feeds
* Urdu Poet
* Mobile Prices
Budgetary measures to provide much-needed relief to public: Gilani
Saturday, 20 June 2009 12:15
Prime Minister, Syed Yousuf Raza Gilani, has expressed the confidence that the steps taken in the budget 2009-2010 will provide much-needed relief to the people. He stated this while talking to a delegation of the Muttahida Qaumi Movement (MQM), which led by Minister for Overseas Pakistanis, Dr Farooq Sattar, called on the Prime Minister at his Parliament House Chamber here on Friday.
Read more: Budgetary measures to provide much-needed relief to public: Gilani
NWFP budget termed balanced, poor-friendly
Saturday, 20 June 2009 12:14
The NWFP Minister for Population Welfare, Saleem Khan has termed the NWFP budget for the fiscal year 2009-10 as a balanced and poor friendly saying that despite unfavourable circumstances, the provincial government had announced a tax-free and welfare-oriented budget, which was not less than a big achievement in the prevailing scenario.
Read more: NWFP budget termed balanced, poor-friendly
Inflation to stay a major challenge amid rising oil prices: Hina
Saturday, 20 June 2009 12:13
Minister of State for Finance Hina Rabbani Khar on Friday said that inflation would continue to be a major challenge in the next fiscal year on the back of rising oil prices in the global market. Responding to the criticism of Senators, the Minister winding up speech on the budget debate said that rising prices of commodities and not the financial crisis was biggest threat to Pakistan.
Read more: Inflation to stay a major challenge amid rising oil prices: Hina
Forex Contents
* Home
* Daily Economic News
* Forex Today
* Forex This Week
* Inter Bank Rates
* Open Market Rates
* International Forex Rates
* Gold and Silver Rates
* Energy Price
* Fundamentals Analysis
* Technical Analysis
* Exclusive Reports
* Currency Directory
* Forex Education
o Forex Background
o Strategy & Dicision Making
o Forex Technical
o Forex Risk Controlling
o Forex Definitions & Terms
* Forex Brokers Directory
* Forex Forecast
Forex Market Video
CURRENCY DIRECTORY
Interest Rates
Interest Rates Of Pakistan PAK 15.00%
Interest Rates Of New Zealand NZD NZD 5.00%
Interest Rates Of Australia AUD AUD 4.25%
Interest Rates Of United Kingdon-UK GBP GBP 1.50%
Interest Rates Of Europe EURO EUR EUR 2.00%
Interest Rates Of Canada CAD CAD 1.50%
Interest Rates Of Switzerland CHF CHF 0.50%
Interest Rates Of United States USD USD 0.25%
Interest Rates Of Japan JPY JPY 0.10%
Economic Indicators
Economic Indicators
Annual 2007/08
Foreign Debt $45.00bn
Per Cap Income $1085
GDP Growth 5.8%
Average CPI 12.00%
Monthly May
Trade Balance $-1.06 mln
Exports $1.49 bln
Imports $2.56 bln
Weekly June 15, 2009
Reserves $11.515 bln
Disclaimer:
Forexkp.com provides forex rates for public benefit. It is neither a foreign exchange company nor its is affiliated with any currency dealer. Forexkp.com doesn't buy, sell or transfer currency. Forexkp.como tries its level best to provide you accurate forex rates from various authentic sources. However forexkp.com is not responsible with respect to any transaction made on the basis of these forex rates.
Mobile Prices In pakistan | Exchange Rate | Urdu poetry | Free SMS | Mobiles | NewsFlap | SMS
Privacy Policy Contact Us: info@forexkp.com
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