Anna Mon

Replenishment

We provide a wide range of replenishment for the comfort of our clients. You can choose the way which is the most convenient for you. You can do it with the help of bank transfers or e-payment systems or it might be more convenient to use a credit card or the nearest terminal. NewForex company works for your comfort.

Forex News from New Forex: The US dollar rises against the euro and the pound sterling

On Thursday, April 14, the greenback keeps gaining against the main currencies. The dollar index advanced 0.20% to 95.00. In the trading on Wednesday the index surged 0.84% after the increase of export in China.

The pair euro/dollar edged up 0.14% to 1.1256. Meanwhile, the US dollar keeps losing ground against the yen, the pair trades at 109.18 (-0.14%). The yen started to rise after the announcement of the Bank of Japan governor Haruhiko Kuroda, he claimed that the central bank is ready to ease the monetary policy if it is required. Pound/dollar declined 0.47% to 1.4133 at the moment. The Bank of England decided to keep the interest rate unchanged at 0.50%.

European shares trade in mixed ways amidst falling oil prices. The UK’s FTSE slipped to 0.07%, the German DAX climbed 0.07%, the French CAC 40 slid 0.11%.

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NewForex Analyst

David Fineberg

Forex News from New Forex: Gold keeps declining

Gold demonstrates negative dynamics in the trading on Thursday. Gold futures with the delivery in May tumbled 0.5% to $1,242.1 a troy ounce. At the opening of tradings the metal was seen at $1,230.8. Spot gold slipped to 0.42% to $1,237.46 a troy ounce. Holdings of the yellow metal in the largest EFT-fund SPDR Gold Shares dropped by 5.05 tonnes hitting a month high.

Meanwhile, gold shows the highest results in 30 years due to the uncertainty around the global economic growth and the negative interest rate policy in Japan.

Silver futures with the delivery in May edged down to 1.1% to $16.14 a troy ounce.

Oil prices increase in the expectation of the OPEC meeting on April 17. WTI with the delivery in May surged 0,67% to $41.98, Brent with the delivery in June climbed 0.57% to $44.43 a barrel.

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NewForex Analyst

David Fineberg

Forex News from New Forex: The review of Asian markets

On Wednesday, April 13, Asian markets closed with a rise. Among the main factors contributing to the uptrend are the increase of oil prices and the ascend of export volumes in China last month. The Australian index ASX 200 advanced 1.4% amidst the growth of energy and raw material subindexes. The Chinese Shanghai Сomposite jumped 2.2%, the Shenzhen Сomposite picked up 2.35%. In Hong Kong Hang Seng index gained 2.51%. According to the latest data, export rose 11.5% in China last month, while import slumped to 13.8%. In Japan the main index Nikkei 225 climbed 2.83% amidst the relative easing of the yen against the dollar and the euro. The pair dollar/yen stands at 108.96 (+0.39%), euro/yen trades at 123.56 (+0.02%). Shares of leading companies-exporters show positive dynamics as well. Toyota gained 2.81%, Nissan added 3.23%, shares of Sony increased by 1.02%.

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NewForex Analyst

Sara Rosenstein

Forex News from New Forex: Gold declines while the greenback gains ground

Gold loses ground after a 3-week rise hit on Tuesday. The rising dollar does not let the metal increase. Gold futures with the delivery in June slid 1.09% to $1,246.80 a troy ounce. On Tuesday, April 12, the yellow metal reached $1,262.60 an ounce, a high since March 18. Since the start of the year gold rose by 17% due to the global market instability. Spot gold slipped to 0.9% to $1,244.25 a troy ounce. Silver futures with the delivery in May declined by 0.97% to $16.06 a troy ounce. The gold/silver ratio, which measures the amount of ounces of silver necessary to buy an ounce of gold, edged down to a 3-month low. The dollar index climbed 0.54% to 94.52 after an 8-month low hit on Tuesday. European markets are on the rise after the increase in Asia and the USA. The pan-European index STOXX 600 edged up 2%.

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NewForex Analyst

Sara Rosenstein

Forex News from New Forex: The pound gains after the release of economic news

The pound sterling advanced to a week high against the greenback on April 12. The release of positive inflation data lent support to the British currency. The US dollar is under pressure as the interest rate might be kept at the current level for the whole year. A low interest rate makes the buck less attractive for investors. The pair pound/dollar climbed 0.44% to 1.4302 (a high of April 4). The immediate level of support is seen at 1.4107 (a low of April 11), the level of resistance stands at 1.4378 (a high of April 1). Consumer price inflation increased in the UK from 0.3% in February to 0.5% in March. Consumer prices gained 0.4% for the same period after a 0.2% decline in February. The core CPI added 1.5% in March. The house price index climbed 7.6% which is below an 8.1% forecast. The pound sterling picked up 0.31% against the single currency, currently the pair trades at 0.7982.

NewForex Analyst

Michael Butnitsky

Forex News from New Forex: The yen tumbles against the dollar and the euro

On Tuesday, April 12, the Japanese yen loses ground, most investors are in the anticipation of the decision of the Bank of Japan. Currently the currency pair dollar/yen stands at 108.33 (+0.34%). Euro/yen shows positive dynamics as well hitting 123.66 (+0.45%). A relative easing of the yen strengthened stocks of leading Japanese exporters. Shares of Toyota surged 3.30%, Nissan climbed 2.66%, shares of Honda picked up 3.31%. The weak yen is attractive for exporters as it increases an international profit of companies. The Chinese yuan shed 0.13% versus the greenback on Tuesday. Before the opening of tradings the People’s Bank of China set a mid-point for the yuan at 6.4616, on Monday it was higher — 6.4649. Asian markets traded in mixed ways today. The Japanese index Nikkei 225 advanced 1.24%, Hong Kong’s Hang Seng added 0.24%. However, Chinese markets demonstrate downward dynamics, the Shanghai Сomposite slid 0.65%, the Shenzhen Сomposite tumbled 1.4%.

NewForex Analyst

Michael Butnitsky

MT4 Platform

Meta Trader 4 is a trading platform which is widely used in the world of trading. And this is not an accident because it has such advantages that make it stand out of the crowd. The main peculiarity of this platform is that it can maintain a service for tens of thousands traders at the same time. Although it is easy to use the security level is very high which is critical while choosing a platform. You will be able not only to carry out deals with the help of MT4 but also receive various information about the changes at the market, technical analysis, projections and a host of other things.

Basic principles of Forex trading

Working on Forex implies the study of theoretic and practical base, otherwise there is no sense of peeking in the trading platforms. The construction of the personal trading platform will allow to earn sizeable sums as well as to make an optimal working schedule.

The scheme of Forex-business for a trader

The organizastion of a trading process in Forex market is based on the usage of finacial instruments. One of the main is the currency pair. The most popular is the pair euro/the U.S. dollar. The latter as the world reserve monetary unit is presented in a pair with the British pound, the yen and with the Swiss franc. The currency pair is indicated in the order. In order to get the first trading experience it is enough to use 1-2 instruments. In this case a training process will accelerate.

Having chosen the currency pair it is high time to choose the trading time. The main criteria is the convenience both for the trader and the currency pair. In such a case the basic principle operates which implies that the currency activity is defined by the time of its trading session. For instance, a high euro dynamics is possible only in the European market. If we take Moscow time, then a session in Frankfurt, Paris, Zurich starts at 10:00 and closes at 19:00. London stock market works from 11:00 to 20:00. Work with such currency pairs as USDJPY or USDCAD is preferable for those traders who have the opportunity to work in the evenings.

Financial, economic news in some way influence on the price positions and brokers’ behaviour, thus the trading tactics may vary depending on the fresh news. This fact determines the choice of the instrument.

Time interval plays a big role. A risky trading is based on short timeframes: punters (scalpers) using a massive financial leverage open and close positions in a very short period of time. Long time periods correspond to calm trading and this scheme has followers as well.

The character of trading depends on the deposit account holder. If he/she looks forward to fast gains, then traders fix on scalping. The holders of big amounts are not prone to taking risks, that’s why they prefer long trading.

Every earnest trader has a monetary holding, i.e. he/she transfers not all the sum to the broker but only a part of it. Such a manoeuvre protects a trader from bankrupcy. It is recommended to put into use not more than a half, even if you have 10 000 available.

Finally the trading strategy is defined by the capital stock. To save the funds and get profit it is advisable to follow the principle: do not make transactions which more than 10 times exceed an account. Thus, having 1 000 dollars it is better to trade with the volume that is equal to 0,1.

A beginner can construct a personal trading mechanism, however, trading in Forex demands a clear system. It is not recommended to change financial instruments and volumes too often. This inconstancy declines business efficiency.

Forex News from New Forex: Asian markets managed to advance by the end of trading

In the trading on Monday, April 11, Asian markets pared some of their losses, although the Japanese yen keeps bringing pressure on shares. The Nikkei 225 surged 1.3% by the end of tradings, another leading Asian index Hang Seng fluctuated between positive and negative magnitudes closing finally with a 0.35% gain. The Shanghai Сomposite edged up 1.66%, the Shenzhen Сomposite managed to add 2%.

Information on consumer inflation in China was released today. The consumer price index rose 2.3% in March, a 2.5% increase was expected. Consumer inflation slid 0.4%. The producer price index slipped to 4.3%, the decline has been observed for 49 months in a row.

The Australian index ASX 200 shed 0.12%.

In the currency market the Japanese yen keeps rising against the US dollar. The strong yen has a negative influence on exporters as it reduces their profit in local currencies. The rise of the yen encourages an active discussion concerning a possible intervention of Japanese authorities into the market.

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NewForex Analyst

Michael Butnitsky

General Principles of Service Supply

NewForex company does our best to provide our clients with a whole range of services available for a modern trader. Our specialists follow the upgrades in the world of financial trading and try to offer our clients new developments to ease a conclusion of successful trading operations.

What bonds are profitable for investment?

There was no doubt in the security of the U.S.Treasury bonds issued to discharge the debt of the country. Investment in treasury bonds seemed almost an equivalent of risk-free assets.

However, the recent events in the USA brought into question this truth. For a long time Congressmen couldn’t come to a final decision on the ceiling of the state debt, financial organizations faced a difficult choice — delay in payment or default. The complicated situation led to agio in the swap market with the security in the form of debt loans. As a result a few days before the Congress made a decision over the rise of the state debt ceiling, the price of swaps jumped in 3 times.

Investors who were absolutely sure in the American assets were at a loss. And taking into account that the worst scenario did not come true, a fair question came up: aren’t there any other bonds possible for investment except for the American treasuries?

According to the International Monetary Fund, the debt of the USA is 89% from the GDP of the country. The debt of Germany is 56%. The bonds of the country offer stable but not very attractive profit.

Among the global players it is worth paying attention to New Zealand and Australia, the pure debt of which is 29% and 13%, respectively. The interest rate of bonds in these countries is 4,6% and 3,9%.

It’s worth looking at Scandinavian countries — Denmark, Sweden and Norway. The debt of Denmark is just 9% from the GDP, although even this per cent is huge for Scandinavian countries who have proficit.

Norway is the leader of the construction of the state economic system. After oil boom the country took a decision not to spend the profit received from marketing hydrocarbon but to keep it in the fund of the country investing only a small amount in external assets. The current proficit of Norway in regards to its GDP is around 175.

These northern countries emit their state bonds exceeding their percentage of profit in comparison with similar bonds in the USA. Thus, the US ten-year bond has a yearly rate at 2,6%, but in Norway it is 3%, thereby it is certainly not under the threat of default.

Forex News from New Forex: The pound sterling gains against the greenback and the euro

On Friday, April 8, the growth of the pound sterling was capped after the release of negative economic data in the United Kingdom. The pair pound/sterling advanced 0.19% to 1.4077. The immediate level of support is seen at 1.4004 (a low of April 6), the level of resistance is seen at 1.4280 (a high of April 5).

Manufacturing production slipped to 1.1% in February. Year-on-year the fall is 1.8% for the same period. Industrial production edged down to 0.3% in February instead of the expected 0.1% increase. Trading deficit of the UK slid from £12.16 billion in January to £11.96 billion in February.

The pound sterling surged 0.16% against the euro to 0.808.

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NewForex Analyst

David Fineberg

The regular market theory

The regular market theory offers to study macroeconomic data including not only regional data but also trading sector data. It includes data of: the state budget, production, sales, industrial capacity, food supplies, prices, credits, unemployment level, etc. Cause and effect relationship among the factors which form the base of the driving force are taken into consideration as well.

It is complicated to use this data during the day except for determining the possible

market sentiment. As a result the macroeconomic data is used in the long-term perspective. In contrast with the technical analysis which can provide quite an exact forecast with some deviations, the fundamental analysis has sometimes too many deviations and frequently it does not have clear-cut conclusions. Consequently relying only on the fundamental analysis, there is a high probability to make a wrong guess due to a big number of influential factors.

According to the results of surveys conducted in one of the US magazines, the economists who baased their forecasts on fundamental analysis dropped a bollock of four crises out of five.

This fact can be explained by a situation when following and analysing the interconnection within one economic sector of the region, there is always other data from another region which can influence on the market sentiment.

Thus, it is recommended to take into account both a fundamental and a technical analysis to achieve maximum profit and get help in forecasting the instrument movement on the trading platform.

Live Analytics

Analytics is an integral part of successful trading in the world of financial operations.It is significant to be aware of any currency rate changes in order to gain profit as well as to possess professional estimates regarding their progress in prospect. It drastically increases the efficiency of trading operations and correspondingly income. All the information represented in this part is the result of hard work of the whole team of NewForex Company professional analysts. However, in spite of the competency of the compiled materials they are not instructions and guidelines to follow. It only presents what exactly is happening at the market. And it is your choice to make the next step.

Forex News from New Forex: Oil prices soar

On Thursday, April 7, oil prices rise after the decrease of oil stockpiles in the US for the first time in two months. Crude oil with the delivery in May hit an intraday high at $38.29 a barrel on the Mercantile Exchange in New York, a high since April 1. Yesterday black gold gained $1.86 or 5.18%. Oil inventories in the USA dropped by 4.9 mln. barrels to 529.9 mln. barrals.

On the ICE Futures Exchange in London Brent oil with the delivery in June picked up 8 cents or 0.2% to $39.92 a barrel. On Wednesday, April 6, Brent futures gained $1.97 or 5.2%.

Kuwait’s OPEC governor Nawal Al-Fuzaia stated that all signals indicate that the meeting of OPEC and non-OPEC members might lead to the agreement about the freezing of oil prices at the level of February. Earlier Saudi Arabia, Qatar, Russia and Venezuela suggested freezing prices at the level of January.

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NewForex Analyst

Luigi Campo

Forex News from New Forex: The dollar keeps losing against the yen

The US dollar trades in mixed ways against its counterparts on Thursday after the release of the Fed’s reports. The pair dollar/yen shed 1.31% to 108.32 hitting a 17-month low. According to the report of the Federal Reserve, the central bank will not increase the interest rate until June due to worries over the slowdown of the global economic growth.

The euro/dollar stands at 1.1384 (-0,11%). On April 7 the vice-president of the European Central Bank stated that Eurozone authorities intend to do everything possible to stabilize prices. European markets show negative dynamics before the release of the ECB’s report. The pan-European STOXX 600 shed 0.4%. The UK’s FTSE picked up 0.02%, the German DAX slid 0.16%, the French CAC 40 slipped to 0.24%.

The greenback advances 0.33% against the pound sterling to 1.4069, dollar/franc stands flat at 0.9558. The Australian and the New Zealand dollar edged down to 0.62% and 0.23% respectively. The buck surged 0.15% to 1.3102 versus the loonie.

Currently the dollar index slipped to 0.06% to 94.44.

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NewForex Analyst

Luigi Campo

Forex News from New Forex: The US dollar advances against the Australian and the New Zealand dollar

The Australian and the New Zealand dollar decline against the US currency in the trading on Wednesday, April 6. The greenback rises after upbeat data on non-manufacturing PMI index, the figures climbed from 53.4 in February to 54.5 last month. The currency pair AUD/USD lost 0.08% and stands at 0.7538. However, the rise was capped by the extension of the trading deficit from $45.88 in January to $47.06 in February. Investors are in the expectation of the Fed’s report later today.

The pair kiwi/dollar shed 0.35% to 0.6779. The dollar index jumped 0.32% to 94.91.

The US dollar reached a 17-month low against the yen after the announcement of Japan’s Prime-Minister Shinzo Abe today, he claimed that the government does not plan to restrain the growth of the yen. Currently the pair dollar/yen rose 0.13% to 110.44. The yen hit a 2-week high versus the single currency, the pair euro/yen stands at 125.35 (-0.19%).

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NewForex Analyst

David Fineberg

Forex News from New Forex: Gold tumbles in the expectation of the Fed’s report

In European tradings on Wednesday, April 6, gold futures decrease in the anticipation of the Fed’s report later today. Market participants hope to see some hints of the interest rate increase this year. In March the words of the Fed’s Chair Jannet Yellen about cautious steps before the interest rate hike encouraged the growth of gold prices.

Gold with the delivery in June lost $2.40 or 0.2% to $1,227.20 a troy ounce on the Mercantile Exchange in New York. Yesterday positive dynamics was observed in the market, the yellow metal managed to surge $10.30 or 0,84%.

Gold spot shed 0,7% to $1,221.96 a troy ounce. Holdings in the largest EFT-fund New York-listed SPDR Gold Shares decreased by 0.28 tonnes to 815.44 tonnes yesterday.

In the trading in London silver futures with the delivery in May slipped to 3.1 cents or 0.21% to $15.08 a troy ounce.

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NewForex Analyst

David Fineberg

Forex News from New Forex: The greenback rises against its main counterparts

The US dollar gains ground against the main currencies, the only exception is the yen as it picked up 0.80% to 110.45. The takeoff of the yen provoked a discussion among market participants regarding its further dynamics and how long the Japanese government is going to wait for the next weakening of the currency.

The euro slipped to 0.29% to 1.1356. The latest data shows that the service sector activity decreased in Eurozone. The PMI in the service sector edged down from 53.3 in February to 53.1 March.

The US dollar advanced 0.36% against the pound. Meanwhile, the PMI in the service sector climbed in the UK from 52.7 in February to 53.7 in March.

The Aussie and the kiwi slid 0.72% and 0.88% respectively. Today the Reserve Bank of Australia decided to leave the interest rate unchanged at 2% but gave a hint that it might be cut soon.

The dollar index rose 0.14% to 94.72 which is close to a 5-month low.

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NewForex Analyst

Sara Rosenstein

Forex News from New Forex: Oil keeps losing ground

Oil continues declining in the trading on Tuesday, April 5, hitting a 4-week low amidst the debates about freezing oil prices. On the ICE Futures Exchange in London Brent oil with the delivery in June dropped to an intraday low at $37.36 per barrel. On Monday oil futures shed 98 cents or 2.53%.

OPEC members and non-OPEC representatives agreed to meet in Qatar on April 17 to discuss freezing of oil prices. However, it is still unclear who exactly will come to this meeting.

Saudi Deputy Crown Prince Mohammed bin Salman claimed last week that the Kingdom is not going to rein in oil production if Iran and other important oil-producers don’t join this decision. Iran said that it is not going to freeze oil prices until its export reaches a pre-sanction level.

Crude oil in New York slid 20 cents or 0.55% to $35.50 per barrel. Last week US oil reserves increased by 3.3 mln. barrels.

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NewForex Analyst

Sara Rosenstein

The random walk theory

Biologists, physicists, mathematicians were trying to seeking a sense in the notion of randomness. Finally from the middle of the 20th century economists started to apply the idea of random numbers to stock quotes.

In the 1960’s Princeton University professor Barton Malkiel conducted an experiment. He asked his students to draw a graph of the share price movement provided that it was not a graph of a really existing share but a hypothetical one. In the beginning the share price was 50 dollars. Then a coin flip determined the further share movement. If there was heads, the price gained one dollar. If there was tails, the price decreased to the relevant amount.

As a result they got a graph resembling a real quote graph

After that the professor asked a technical analyst to make a market analysis and give recommendations but he did not say anything about the experiment. The analyst said that the shares should be immediately bought. This fact convinced professor Malkiel that it is impossible to differ the random graph from the real one by means of the technical analysis, consequently this experience gave another ground for the confirmation of the random walk theory. It is worth saying that the number of this theory followers is not decreasing but even increasing in spite of strong arguments of the random walk theory opponents.

The followers of this theory state that it is impossible to find convincing laws of the price movement in the market. Everything that happens is considered by supporters of the theory as pure randomness and the futher trading strategy is based on the ground of it. It is suggested to open positions, some traders even consider that the direction does not matter and wait for the result following only one rule of Money Management. With a sufficient number of attempts, the probability of a positive result increases. In these conditions the most significant thing in the transition of the price to a positive zone is to allow the profit to grow not forgetting that it is required to restrict possible losses. However, far from everyone agree with this state of business.

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Efficient market

Efficient market theory implies that any even inconsiderable information can influence on the price movement. In these respect the following questions arise:

How fast can information influence on the price?

How might the market react on this or that report?

It is possible to reply on these questions relying on the technical and news analysis.

What is the main point of these methods?

Technical analysis — involves forecasting the price movement usually with the help of computers and computer programmes. Graphs and other additional instruments are developed for the only purpose to find out the balance between support and demand in course of time. Although there are many ways of technical analysis they are united by two theses:

the history which is reflected in graphs is repeated;

the price involves all the necessary information.

The majority of technical analysis followers are in the constant search for appropriate instruments which could help to estimate more precisely the state of the market at the given moment and its possible dynamics.

News analysis. In comparison with the technical analysis which tracks down the interconnection between instruments and graphical figures, economic factors have a high priority in the news analysis, it might be the information about natural disaters, terrorist attacks, overall health and job placement of residents, etc. A considerable role play the announcements of politicians and representatives of financial structures. The analysis implies that the market instantly responds to the significant information. Consequently, those who have an eye for it and can foresee the possible sequence of events have a chance to make money.

Live Analytics

Analytics is an integral part of successful trading in the world of financial operations.It is significant to be aware of any currency rate changes in order to gain profit as well as to possess professional estimates regarding their progress in prospect. It drastically increases the efficiency of trading operations and correspondingly income. All the information represented in this part is the result of hard work of the whole team of NewForex Company professional analysts. However, in spite of the competency of the compiled materials they are not instructions and guidelines to follow. It only presents what exactly is happening at the market. And it is your choice to make the next step.

Forex News from New Forex: Fall of the producer price index in Eurozone

A fall of producer prices in Eurozone outstripped forecasts of market participants. In February the producer price index slumped 0.7%, in January the negative dynamics was seen as well but the decrease was only −1.1%. Year-on-year the index lost 4.2% in February. The unemployment level stands at 10.3% for the same period. Energy prices dropped 2.1% in February.

European markets demonstrate positive dynamics in spite of the uneasy market. The UK’s index FTSE surged 0.62%, the German DAX rose 0.99%, the French CAC 40 edged up 1.01%. The pan-European STOXX 600 climbed 0.7%.

The US market is likely to open with an uptrend being in the anticipation of the speech of the Fed’s members later today. Asian markets closed in mixed ways, Japanese shares slipped amidst the rise of the yen. The Bank of Japan decision to adopt a negative interest rate generated doubts as it does not guarantee a takeoff of the inflation. The Chinese Hang Seng slid 1.34%, the Shanghai Composite picked up 0.17%.

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NewForex Analyst

Sara Rosenstein

Forex News from New Forex: The Aussie and the kiwi lose ground against the US dollar

On Monday, April 4, the Australian and the New Zealand dollar tumble against the greenback. The release of positive data from the USA lent support to the buck.

At the moment the pair AUD/USD stands at 0.7618 shedding 0.67%. Information on building permits in February was released today, figures jumped 3.1% showing better results than expected. In January a 6.6% decline was seen. Retail sales in February kept the same level while a 0.4% rise was forecast.

The pair kiwi/dollar stands at 0.6868 edging down to 0.32%.

Meanwhile, the US dollar gains ground after the release of employment data. In March the US economy got 215 000 new working places. The unemployment level is at 5%, average hourly earnings advanced 7 cents.

The dollar index stands at 94.69 (+0.12%) which is close to a 5-month low.

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NewForex Analyst

Sara Rosenstein

Forex News from New Forex: Technical analysis of EUR/USD

On Friday the pair trades within the support at 1.1345 and resistance at 1.1448. The market rise, which started last week, gradually slows down. The MACD histogram stands in the positive zone but its increase is not so apparent . The oscillator Stochastic is in the zone of overbought. The RSI goes up which means that the market has not exhausted its bullish potential. Market participants are in the anticipation of Friday payrolls.

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NewForex Analyst

David Fineberg

Service Quality

High quality service is an outstanding feature of NewForex company. You can always address with any question our Consulting Centre which provides 24/7 availability. Our experienced specialists are always ready to help you, they will give careful consideration of your question.Our service is defined by such notions as politeness and professionalism. It is of high priority for us to know that you are satisfied by the service performed.

Mobile trading

Mobile trading allows to make transactions by means of portable devices. A lot of traders are not always able to sit at the PC. However, the market situation changes rapidly, even using an advisor requires to keep abreast of the events in forex market. For these traders the opportunity to work at the pocket computer, smartphone, iPad or iPhone is a wonderful way out. Thus, one can make transactions anywhere: on the road, on holidays, in the office.

The only condition to work in forex market is to install a relevant software on your mobile device. Any trader can download and install programmes on the corresponding page of NewForex site. It is completely free to download them.

It is convenient to work on the mini-platform like on the standard terminal. A trader can open any types of orders, use trading indicators, receive signals to open transactions. An obvious difference is a small size of the mobile screen which might influence on the efficiency of work. Although this parameter is not so significant while making simple operations, for instance, closing an order.

Programmes for forex market used on mobile devices are synchronized with PC. Consequently, the trader can open a transaction at home and then watch its development on the mobile device.

To work on Forex a portable device of the trader should meet the following minimal demands:

For devices on Android suitable are versions of Android 2.1 and further, 3G/WiFi.

For iPad and iPhone operational system iOS 4.0 and further, 3G/WiFi.

For Windows it is required to have Windows Pocket PC 2003, Windows Mobile 2003, Windows Mobile 5, 6 or 6.1.

For a flawless operation it is recommended to opt for a device with more upgraded technical characteristics.

Forex News from New Forex: The pound declines against the dollar and the euro

In the trading on Friday, April 1, the pound sterling slumps versus the greenback after the release of manufacturing data in the United Kingdom. The manufacturing PMI climbed from 50.8 in February to 51.0 last month, although most experts forecast the increase to 51.2. Gross domestic product of the UK jumped 0.6% in the fourth quarter of 2015. The UK’s economy edged down 2.1% year-on-year which is above the forecast at 1.9%.

The sentiment around the US currency is quite unsteady now due to the expectation of Friday payrolls and unemployment figures. On March 31 it was reported that the number of people applying for unemployment benefits rose by 11,000 last week to 276,000.

The pound sterling plummets against the single currency, the pair euro/pound surged 0.61% to 0.7968.

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NewForex Analyst

David Fineberg

For beginners of trading (Part 2)

Let’s continue studying the experience of traders in order to give beginners a warning about a lot of mistakes.Thus, they exclude completetly unneccessary losses in Forex trading.

It is worth remembering that one should take risks of the amount of money the loss of which will not have a profound impact on the overall financial position of the trader. This is a core condition as otherwise the trader is at risk of constantly being under the psychological pressure and it will be quite difficult to take level-headed, sensible decisions.

One of the main laws determining Forex trading says:”It is necessary to allow the profit always grow” A professional trading implies not only certain profit-making but also a precise determination of the further price movement. Following this rule one might achieve impressive results. It is also worth recommending not to be afraid of taking risks of the profit that you already have in order to increase it. For instance, a market demonstrates the movement profitable for a trader, then in this case you shoud not be afraid of expanding the already open position. However, one should remember that this addition of the posiition should certainly be less than the previous one. Consequently, a short-term movement of the rate against the trader’s open positions will allow to avoid serious losses.

Taking trading seriously you should not forget that it might turn into an occupation for many years. Hence, it is wrong to treat Forex market only as the way of immediate wealth accumulation. You should work seriously, gradually increasing the capital and getting moral satisfaction from what you are doing. The trader’s main aim should be the drive to learn to make efficient transactions achieving stable positive results.

An important detail to be remembered is cyclicality which is typical of many processes. Forex market is not an exception. Studying objective laws and taking advantage of them, a trader can achieve considerable success in Forex trading. Psychological aspect also requires study and analysis as quite often it has the major influence on the market behaviour. To achieve succes in Forex trading it is important to study the psychology of human in order to understand feelings and thoughts of the trader. This knowledge will be useful at work, will help to boost confidence while making trading decisions.

Hopefully the advice given in the article wil be practical for traders-beginners and will help to master Forex trading.