FreshForex broker

[Volkov Yuriy]

Winners of the "New Year Money Bag" drawing shared the secret of success!

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Dear traders!

At New Year's eve, "FreshForex" company held a great holiday drawing of money prizes - "New Year Money Bag ". We remind that winners were chosen among all «FreshForex» clients online on the company’s website. By the results of drawing, 31 lucky traders were awarded with prizes in the range of 300 - 30 000$.

Winners kindly agreed to answer a few questions of us, and now we have a unique opportunity to read the most interesting moments of the interview, learn their experience, and, perhaps, even the secret of victory on the Forex!

Alex, winner of 30 000$:

"I did not believe that my account will win, though I hoped. To tell the truth, I am not very lucky in my life. I've been working not for long on the forex market, but have still been in plus. And the biggest success is my prize. I wish everybody to try and not be afraid to take risk. "

Alexey, winner of 1500$:

"Thank you for the promotion! I learned from "Vkontakte" social network about my victory, as I had been always monitoring it, but not often commenting on it. I recommend to participate in promotions to everyone working on the Forex market. It is a great chance to begin trading, almost without having to invest . I’m interested in new promo with Kaspersky too - my antivirus just got expired, so I plan to join it. "

Azat, winner of 300$:

"I want to share the joy of my winning in the "New Year Money Bag " drawing! I have been trading in the Forex not for the first year and set to trade with your company from June 2013. I would like to note about friendliness and professionalism of Customer support service. I like promotions held by the company as well as response speed of orders and quickness of withdrawal."

Juris, winner of 300$:

"I have very positive feelings of participation in this promotion! It is very nice to work with the company that cares about its clients. I began to trade a few years ago, but I have been cooperating with "FreshForex" recently for just over a month. I can give a good recommendation to beginners: never risk more than with 3% of capital per day. "

Nadezhda, winner of 300$:

"To tell the truth, I did not believe I could win a prize! I had learned good news even before announcement of results, when I saw the winning amount in the "credit" column of the account. I became a trader 1,5 years ago, and I've been with your company since November of last year. I like your promotions very much, especially “33x3” and “Spreads in half””

Michail, winner of 300$:

"I want to thank you for the opportunity to work in the Forex market. Of course, I have joyful and pleasant feelings, and not only because of the victory, but because company's work with clients is impeccable. I consider that «FreshForex» created all conditions for effective work. "

Virgilijus, winner of 300$:

"Honestly, I did not even know that I participated in this promotion, so the prize was unexpected. It was a real Christmas gift, and "FreshForex" played a Santa Claus role. I began working with Freshforex about 6 months ago. I like rapid withdrawal as well as "Spreads in half" promo. Since I'm a beginner, I can say only one thing to other beginners - to succeed, you need to trade and gain experience."

We thank all who took part in the drawing or who was just an observer. We wish you a good luck. Believe in yourself and don't forget to participate in our promotions. Maybe next time will be lucky for you!

[Volkov Yuriy]

Weekly review of three pairs

EUR/USD

 

Monthly chart: the pair had pushed off upper Bollinger band (1.3914) and is apparently moving in the area of medium (1.3105). Nevertheless, we will make a note of an ascending configuration of an upper band, therefore, there is a probability of buyers' attack by breaking of resistance 1.3914 and of a further growth above 41.

 

Weekly chart: growth had slowed down within the the frames of upper envelope, ADX had turned, so, possible reconfiguration within the range 1.3576-1.3907 is possible.

 

Day chart: horizontal corridor described by Bollinger bands as ADX is inactive is also an argument for a flat game inside envelopes (blue arrow is the support 1.35, 1.3824 is the resistance).

 

Conclusion: main scenario is a flat movement 1.35-1.3824. Alternatively, there can be a well-formed bullish flat corridor with support at 1.3576 and resistance at 1.3907.

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[xshot007]

http://i918.photobucket.com/albums/ad28/xshoot007/website_zps807417f2.jpg

 

You can visit freshforex official website and find good promotion and good market analysis.

 

Link:

http://freshforex.com/

[xshot007]

Promotions and bonuses

 

Join our best promotions and get the most out of your Forex trading. Only here you will be able to take part in the most lucrative loyalty programs in exciting Forex contests on our web-site and in our communities of traders. Follow our updates!

 

http://i918.photobucket.com/albums/ad28/xshoot007/promotion_30Jan2014_zps02449f56.jpg

 

Link:

http://freshforex.com/traders/promotion/

[Volkov Yuriy]

A new payment method - Skrill – is now available!

http://freshforex.com/netcat_files/Image/skr.png

Dear traders!

 

We are glad to inform you that deposit and withdrawal through “Skrill” payment system is now available to all “FreshForex” traders.

 

“Skrill” allows to conduct finance operations via the web without revealing card and bank details. That is precisely why using “Skrill” is not only comfortable, but is also safe. The account in “Skrill” can be easily replenished with bank card.

To be able to add and withdraw your funds with the help of “Skrill” system in “FreshForex” company, it is enough to verify your personal data in the Personal area.

 

Replenishment through “Skrill” system is free of charge. When you withdraw funds from your trading account, "Skrill" commission is charged in the rate of 1% from withdrawal amount but not more than 10 EUR. The system works in US dollars. Conversion into currency of deposit is made under the company's internal rate by the moment of transfer. If your Skrill account is opened in the currency different from USD, conversion of Skrill account currency into USD is conducted under the rate of Skrill system.

 

Check company's web-site to find details about other methods of deposit and withdrawal.

[Volkov Yuriy]

Weekly review of three pairs

EUR/USD

 

 

Monthly chart: here is an active rolldown while ADX is calm. It increases strength of a possible support for 1.3106 (Bollinger's medium band) and the probability of bullish scenario.

Weekly chart: test level is 1.3267 (bottom band). If buyers do not take active steps from there (and will get the price below specified price), their mid-range strategies will lose.

Day chart: bearish wave is developing here. Bounce from 1.3267 is a more important task for bulls than enhancement of descending front down to 1.3105.

Conclusion: main plan is to touch 1.3267 and start of euro growth in the direction of 1.3850.

 

Another option is to break support 1.3267 and even a deeper descend to 1.3105.

http://freshforex.ru/netcat_files/Image/eurusd,%20m(5).png

Learn more at freshforex.com

[Volkov Yuriy]

How exactly is ECB going to tackle inflation?

Review of the past week

 

 

The last trading week of January was marked by consolidation of US dollar against the most part of its competitors. Core event of the week was Fed's meeting where FOMC members unanimously voted for continuation of QE-3 tapering. Besides, Ben Bernanke for whom it was the last chaired meeting stated that the economy will moderately grow and the recovery of labor market is expected to continue as well. Tapering of stimulative measures is negative for all risk assets.

 

 

On Friday 31, European preliminary inflation data was released. CPI was below expectations and is based on the level of 0.7% signifying that threat of deflation for the European economy is still vital. EUR/USD has been under pressure over the entire week and closed trades at the point of 1.3486.

 

 

Great Britain published GDP for the 4rd quarter of the previous year. The index is 0.7% and such value met expectations of market players. While speaking on Jan 29, BoE governor Mark Carney confirmed the regulator's unwillingness to raise interest rate within the nearest time, even if unemployment reaches target level. FOMC's decision to cut stimulative measures for 10 bln USD from Feb 1 was negative for British currency. Following to Fed's meeting, pressure on GBP/USD grew and trading week was closed on the level of 1.6438.

 

 

According to the last week's results, Japanese yen showed a symbolic growth in 0.2%. Positive stats on retails and inflation in Japan supported yen's quotations. Decline of Nikkei 225 stock index futures also played in bulls' hand. Nevertheless, we did not witness a significant consolidation of Japanese currency. A long-term ascending trend for USD/JPY is still in effect and one can see investors opening long positions after each strong decline. Trading week finished just above 102, on the point of102.02.

 

 

Forecast for the week February 3 – 7

Edited February 4, 2014 by Volkov Yuriy

[Volkov Yuriy]

How clients of “FreshForex” company traded in January

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Dear traders!

 

The first month of 2014 year had come to the end, so it's time to summarize trading results and underline the most important events of January.

The U.S. Fed continued to taper stimulatibg program QE-3 and this fact had a negative influence on EUR/USD pair. CPI report for Europe published at the end of the month showed a decrease down to 0.7%, this way indicating the threat of deflation. Because of these negative factors, EUR/USD pair remained under pressure and finished the month at the point of 1.3486.

 

Over January British currency moderately had been decreasing against its US rival. The unemployment rate declined down to 7.1%, which encouarged "bulls" to open long positions. The situation changed after the announcement of the British regulator that there is no need to raise interest rates since unemployment rate had reached target level of 7%. Investors took this information negatively, and during remaining time of the month price had been going down. Having lost 0.85%, month's trading finished at the point of 1.6438.

 

In the first month of the year it was a decrease in quotations of USD/JPY. There was a meeting of the Bank of Japan on January 22. No change in monetary policy was declared and it disappointed "bulls" trading with this pair. Investors' leave from risky assets led to a decline on leading global stock exchanges, which was also a negative factor for growth of the pair USD/JPY. At the end of a month Japanese yen added 3.2% and finished trading at 102.02.

 

Below we offer you to have a look at the results of “FreshForex” clients trading in January:

• 596% of the deposit for the month. That's how much was earned by one of our clients using aggressive trading methods, accompanied by an enormous risk;

• 25,034 trades per month. More than 1000 trades per day was made by a trader with the help of high frequency EA.

• 63% of traders ended January with profit. This is the share of customers with deposits of $ 10,000 and above. The large deposit allows you to have a good "safety bag" and reduce your risks;

• $122,260 is the best result of January and a record amount for the company. In January especially during the Christmas holidays most traders trade reluctantly, as there is a lack of liquidity on market and the time when Central Banks only approve plans for the year. But there are those who can avail from market's uncertainty and demonstrate such results.

 

We remind that you can find the most important figures regarding company's operation in “Facts and figures” section of our web-site.

[Volkov Yuriy]

Time is ripe to sell EUR/USD

Review of the past week

 

 

Since the last week was the first week of the month, it was traditionally eventful. According to its results, EUR/USD pair consolidated for 1.1% as ECB governor was positive in his comments and labor market report in the USA was weak. Mario Drahgi continues to surprise market with his optimism. On Thursday 6, while speaking in the ECB meeting, he stated that deflation does not threat Europe now and there is no sense to apply measures to cope with it now. Investors were encouraged by this statement and EUR/USD went above 36.

 

 

On the last trading day of the week, release on the US labor market was published. January growth of Non-Farm payrolls was 113 000, which is rather below the figure of consensus-forecast. For the second month in a row, US employers are at an easy pace when it comes to hiring. This is an alarm bell for the US economy and served a background for growth of the European currency. Week's trades were closed at the point of 1.3634. In the fight of bulls and bears on GBP/USD pair there is no winner. Over the past week, Markit Economics research center had been releasing PMI for manufacture and construction as well as for the service sector. Amongst all, only construction report was a good surprise for investors wherease two other were below expectations. This negative background encouraged bears who forced quotations down to 1.6251.

 

 

Bulls also paid back in their own coin and got out the most of the weak US Non-Farm payrolls report by raising quotations above 64. Nevertheless, in the end of the week GBP/USD lost its symbolical 0.1% and finished at 1.6407.

 

 

Japanese Yen followed its upsurge in January and early February by retreat. Only the first trading day of the week was marked by its consolidation against its US rival as sales on leading global stock exchanges was going on. On Wednesday 5, the report on change in salary for December was published. The figure was above consensus-forecast which supported demand in Japanese currency in the first half of a day. Salary growth will provoke increase of expenses in the future and thus enhancement of inflation. On this background, USD/JPY dropped down to 100.77, but bears were not strong enough to get more. Then bulls joined the game who were not discouraged by weak report on the US Non-Farm payrolls in January. Having added 0.3% for the weak, trades were closed at the point of 102.35.

 

 

Forecast for the week February 10 – 14

Edited February 10, 2014 by Volkov Yuriy

[Volkov Yuriy]

FreshForex will support you in any situation!

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Dear traders!

 

Technical issues must not be a hindrance for your profitable trading on the Forex market.

We remind you that you can address any question and problem to "FreshForex" support service.

Our specialists work within 24 hours except for a few holidays. Contact your personal manager to solve current issues promptly and efficiently as well as to consult regarding financial operations and trading terms of the company.

 

How to contact our support service?

• 24/5 client support – On-line chat;

• Skype: freshforex;

• E-mail: [email protected];

• Ticket in the Personal area.

 

Rely on us – we will solve any issue!

[Volkov Yuriy]

Weekly review of three major pairs

EUR/USD

 

 

Monthly chart: the pair is on the way to Bollinger's upper band (1.3931) and bulls do not have any potential for a further break, because ADX did not exceed "30".

 

Thus, a main strategic scenario is a bounce down from 1.3931 and movement to the area of Bollinger's medium band (1.3139).

Weekly chart: a long consolidation inside of the ascending triangle is coming to an end. In all likelihood, this accumulation will be continued this week as well, because ADX did not turn its full potential on. Support is on the middle (1.3605), resistance is on the upper band (1.38).

Conclusion: a main scenario is the flat within 1.36-1.38. Another option is the break above 1.38, movement to 1.3931 and a bounce down in the direction of 1.36.

http://freshforex.ru/netcat_files/Image/eurusd,%20m(6).png

Learn more

[Volkov Yuriy]

Upgrade of MetaTrader 4 Client Terminal

http://freshforex.ru/netcat_files/612/608/h_dead0ceb8dc4f944cd2ff67e37006c51

Dear traders!

 

Today we held a scheduled upgrade of the real trading server. The goal of innovations is to extend functionality, enhance sustainability and operation speed of the MetaTrader 4 platform.

The most part of changes touched MQL4 programming language. It allowed to increase execution speed and enhance safety of programs by several times. Upon that, you can still use old EX4 files: they continue to work correctly, so you may not be concerned about performance of EA created earlier. Software designers can evaluate plenty of additions to MetaEditor and recompile source codes with new opportunities for the new trading terminal.

 

One more innovation is the Market for MetaTrader 4 trading platform applications which was earlier available only with MetaTrader 5.

 

Please pay attention that storage structure of the data was changed. EA, libraries, logs and other useful data is now stored in a special catalog. You can find it in the “File” - “Open Data Folder” menu.

You can read about this and other innovations on the official forum of MQL4.

 

Learn more

[Volkov Yuriy]

Upgrade of MetaTrader 4 Client Terminal

http://freshforex.ru/netcat_files/612/608/h_dead0ceb8dc4f944cd2ff67e37006c51

Dear traders!

Today we held a scheduled upgrade of the real trading server. The goal of innovations is to extend functionality, enhance sustainability and operation speed of the MetaTrader 4 platform.

The most part of changes touched MQL4 programming language. It allowed to increase execution speed and enhance safety of programs by several times. Upon that, you can still use old EX4 files: they continue to work correctly, so you may not be concerned about performance of EA created earlier. Software designers can evaluate plenty of additions to MetaEditor and recompile source codes with new opportunities for the new trading terminal.

One more innovation is the Market for MetaTrader 4 trading platform applications which was earlier available only with MetaTrader 5.

Please pay attention that storage structure of the data was changed. EA, libraries, logs and other useful data is now stored in a special catalog. You can find it in the “File” - “Open Data Folder” menu.

You can read about this and other innovations on the official forum of MQL4.

[Volkov Yuriy]

FreshForex is the media partner of ShowFxWorld conference

http://freshforex.ru/netcat_files/612/608/h_36a0659e03d20e0c0ccbf0c78b938663

Dear traders!

 

“FreshForex” company became the media partner of one of the brightest events on the Forex market - “ShowFxWorld” conference.

“ShowFxWorld” is a notable event dedicated to the most vital issues of financial markets.

This time, the conference is being held in Riga – the city which has been taking an active part in global financial relationship for long years. Thanks to its modern infrastructure, the capital of Riga is an ideal place for the events of the highest level.

 

Events under the auspices of “ShowFxWorld” brand has always fascinating and interesting to any trader. Participants of the conference include representatives of all spheres related to financial markets including leading brokers and dealing centers.

The conference will take place on February, 22, at 10.00 am of local time.

[Volkov Yuriy]

ECB states "There are no deflation signs in Eurozone"

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Euro

 

We should not expect a strong drop in prices now - the world's leading stock markets have shown a strong growth the other day, that indicates a renewed demand for risky assets and will provide some support for the single European currency. In general, during the day we can expect the development of a side trend.

The support level is 1.3698.

Trading recommendations

The situation remains the same: while the euro is traded above 1.3719-1.3685, the chances of testing the 38th figures remain. Fall below 1.3685 opens the way to 1.3618-1.3600. Rising dynamics of the pair do not inspire us with a confidence.

 

Learn more

[Volkov Yuriy]

Stay in trend - read "ForEXpress"!

http://freshforex.ru/netcat_files/Image/Letter_2702_2.png

Dear traders!

Do you want to stay tuned about news of the Forex market? Subscribe to “ForEXpress” - a weekly electronic digest of “FreshForex”!

Fresh “ForEXpress” release reaches e-mail box of our traders every Monday. Weekly digest consists of 4 sections, each devoted to a specific topic.

 

Market

Forecasts of price movements, opinion of “FreshForex” analysts on market and digest of the most important events of the last week which impacted on the market.

 

To trader

Previews of upcoming webinars and interesting articles of the Forex Encyclopedia “CleverFX”. Discover new trading systems, alternative methods of analysis and the most successful methods of earning.

 

About the company

Contests and promotions held by “FreshForex”, special offers for our subscribers. Be the first to learn about the opportunity to get bonuses and gifts!

 

Social networks

Fresh news of social networks, communication, humor - anything that will help you to escape from everyday routine. Just open real or demo account with “FreshForex” and get the latest news releases automatically.

Read “ForEXpress” - stay tuned!

[xshot007]

Hello, dear Forum members!

 

In this thread I am going to tell about FreshForex broker.

 

I represent “FreshForex” company and will be pleased to answer all questions of your interest. A few words about our company.

 

“FreshForex” company started its operation on the foreign exchange market in 2004 and today it is one of leading players on the Forex market in Russia and Commonwealth of Independent States (CIS). According to “Interfax”, one of the most famous research agencies in CIS, in 2012 year the company took place among Top-10 leading brokers of the Forex Market in Russia.

 

Bright “FreshForex” brand continues its fast growth, winning over international market and gaining new supporters in World traders' community. There are good reasons for that: excellent trading terms, withdrawal of funds in a matter of minutes and the best possible openness of company to every client.

 

Evaluate advantages of trading with “FreshForex”:

 

No minimum deposit

 

45 currency pairs, CFD for metals, stocks, futures

 

No commission for transactions and funding of account

 

Instant market execution from 0.1 sec.

 

Prompt funding and withdrawal of money via the most popular payment systems

 

Daily analysis and forecasts

 

Free on-line education

 

VIP service for every client

 

 

Promo actions and bonuses offered by “FreshForex”:

 

Bonus «33 х 3» +33% for each replenishment of trading account

 

Spreads in half - Highest payback of spread in Forex – up to $10 per lot

 

Stop Out Insurance - Up to 100% of replenishment amount under Stop Out

 

Double benefit - Up to 20% of interest per annum for both free and margin funds.

 

FreshForex — a fresh view on money

 

Thanks you for opening official thread in this forum. I think your broker have good trading condition.

[xshot007]

A new payment method - Skrill – is now available!

http://freshforex.com/netcat_files/Image/skr.png

Dear traders!

 

We are glad to inform you that deposit and withdrawal through “Skrill” payment system is now available to all “FreshForex” traders.

 

“Skrill” allows to conduct finance operations via the web without revealing card and bank details. That is precisely why using “Skrill” is not only comfortable, but is also safe. The account in “Skrill” can be easily replenished with bank card.

To be able to add and withdraw your funds with the help of “Skrill” system in “FreshForex” company, it is enough to verify your personal data in the Personal area.

 

Replenishment through “Skrill” system is free of charge. When you withdraw funds from your trading account, "Skrill" commission is charged in the rate of 1% from withdrawal amount but not more than 10 EUR. The system works in US dollars. Conversion into currency of deposit is made under the company's internal rate by the moment of transfer. If your Skrill account is opened in the currency different from USD, conversion of Skrill account currency into USD is conducted under the rate of Skrill system.

 

Check company's web-site to find details about other methods of deposit and withdrawal.

 

Skrill is widely used as a tool to payment online now. With this feature makes it easy to deposit client freshforex and WD.

[xshot007]

FreshForex will support you in any situation!

http://freshforex.ru/netcat_files/Image/Onlayn-konsul%27tant.png

Dear traders!

 

Technical issues must not be a hindrance for your profitable trading on the Forex market.

We remind you that you can address any question and problem to "FreshForex" support service.

Our specialists work within 24 hours except for a few holidays. Contact your personal manager to solve current issues promptly and efficiently as well as to consult regarding financial operations and trading terms of the company.

 

How to contact our support service?

• 24/5 client support – On-line chat;

• Skype: freshforex;

• E-mail: [email protected];

• Ticket in the Personal area.

 

Rely on us – we will solve any issue!

 

That was great to support all client 24h/5day. I think your broker have good service to all client.

[Volkov Yuriy]

Stay in trend - read "ForEXpress"!

http://freshforex.ru/netcat_files/Image/Letter_2702_2.png

Dear traders!

Do you want to stay tuned about news of the Forex market? Subscribe to “ForEXpress” - a weekly electronic digest of “FreshForex”!

Fresh “ForEXpress” release reaches e-mail box of our traders every Monday. Weekly digest consists of 4 sections, each devoted to a specific topic.

 

Market

Forecasts of price movements, opinion of “FreshForex” analysts on market and digest of the most important events of the last week which impacted on the market.

 

To trader

Previews of upcoming webinars and interesting articles of the Forex Encyclopedia “CleverFX”. Discover new trading systems, alternative methods of analysis and the most successful methods of earning.

 

About the company

Contests and promotions held by “FreshForex”, special offers for our subscribers. Be the first to learn about the opportunity to get bonuses and gifts!

 

Social networks

Fresh news of social networks, communication, humor - anything that will help you to escape from everyday routine. Just open real or demo account with “FreshForex” and get the latest news releases automatically.

Read “ForEXpress” - stay tuned!

[Volkov Yuriy]

"FreshForex" participates in IAFT Awards 2013!

http://freshforex.ru/netcat_files/Image/nomi2802_3.png

Dear trader!

We are pleased to inform you that "FreshForex" company takes part in IAFT Awards 2013. Voting will begin on March 1, 2014 and will last for 2 months. Cast your vote for "FreshForex" - it only takes one minute, but thanks to your help we can win!

Our company will fight for the leadership in the following categories:

 

• Best Broker of the year;

• Best broker of Asia;

• Best broker for trading with advisors;

• Opening of the Year;

• Dynamic development;

• Innovative broker;

• Best IAFT Partner

 

Last year "FreshForex" became a winner in the "Opening of the Year” category. We are very grateful to all the traders who will support our company this time as well. Help us to become a leader and prove our advantage! IAFT Awards is a unique prize organized by the International Association of Forex Traders. IAFT traders and website visitors annually choose the best broker in each category.

[Volkov Yuriy]

The dollar falls in the light of rising oil prices

 

The weather can distract players from Ukraine and China. The weather peak is expected on Tuesday, when the first of the four central banks is planning to organize the meeting - the Reserve Bank of Australia will announce changes in its monetary policy. The Bank of Canada will hold a meeting on Wednesday, the Bank of England and the European Central Bank will meet on Thursday. Carl Weinberg, the chief international economist of High Frequency Economics in New York, suspects that all four central banks are "largely paralyzed and will not change its monetary policy."

 

 

The ECB as the Central Bank " may surprise us as the ECB is in uncharted waters now. While "no one can predict how ECB will react ", HFE expects that the bank's policy is likely to remain unchanged.

 

 

We expect a number of important news from the USA this week. The market's attention will be riveted on Monday to ISM manufacturing index for February release, the ISM index for the services sector and the February employment report publication on Friday.

 

 

The euro closed Friday at the 1.3807 that is at the upper range of the last week from the 1.3643 (Thursday) to the 1.3824 (Friday). The pair shot upwards after Friday’s preliminary data on inflation in the euro-zone, which raised questions about the prospect of the ECB monetary policy easing this week.

[Volkov Yuriy]

How clients of “FreshForex” company traded in February

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Dear traders!

We suggest you to check results of trading of the past month as well as to refresh the most interesting economic events of February.

 

U.S. dollar finished February with losses against its major competitors. EUR/USD added 2.3% for the month and closed trading slightly above the 38th figure. Before the ECB meeting on February 6, many investors had been expecting from it the release of quantitative easing that would be introduced to cope threat of deflation. But while speaking at the press conference, Mario Draghi said that in the Euro area there was no danger of deflation and now there was no sense to apply this tool to address this issue. Against this background, there was a sharp rise of the quotations of the common European currency. Weak macroeconomic statistics from the United States also played into the hands of "bulls" as applied to the euro. Bad weather of the first winter months affected economic growth that had put a pressure on the U.S. currency.

In the second month of the year, GBP/USD gained 1.9% in its weight and closed trading at around 1.6744. British regulator increased its estimation of economic growth of the United Kingdom with 2.8% to 3.4% in 2014, which was welcomed by investors. In February, an event occurred which had been long awaited by market participants: BOE designated an approximate date of a possible rise of the interest rate - April 2015. This factor was the main driver of growth for the British pound in February.

 

No winner was revealed in the battle of "bulls" and "bears" as applied to USD/JPY. A long-term trend for this pair is ascending, but, to continue growth, we need serious drivers. While summarizing its meeting results, Central Bank of Japan announced extension of the credit program to banks provided at a discounted rate. This fact was perceived by investors as additional measures to stimulate the economy and on this positive background, quotations rose to the level of 102.73. As a result, USD/JPY completed trading month with a symbolic reduction at the rate of 0.1%, at around 101.79.

 

Below we offer you to have a look at the results of trading of “FreshForex” clients in February:

• 4541% of the deposit for the month - the most successful client earned it using multicurrency trading advisor working along the trend;

• 3972 - this is the number of trades made by the most active trader for the month. He received an increase in the rate of 35% without using advisors;

• 59% of traders ended February at a profit - is the proportion of customers with deposits of $ 10,000 and above.

• $250,365 - the best performing client obtained a profit thanks to the active movements of EUR/USD and GBP/USD.

 

We remind that you can find the most important figures regarding company's operation in "Facts and figures" section of our web-site.

[Volkov Yuriy]

"FreshForex" took part in the conference dedicated to financial labor market

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Dear clients!

 

On February 28, experts of "FreshForex" company took part in the 5th conference named "Labor market in financial sector", held at the Financial University under the Russian Federation Government.

One of the main topics was the issue of selection of professionals for financial institutions. Today, most universities train specialists of a general profile and organizations need to train new employees on their own.

During the discussion, the issue of high competition in financial labor market was raised several times. This problem is related to revocation of licenses from some banks. Now many former employees of banks are in search of job and they can successfully use experience and knowledge obtained in the field of investment and the forex market.

As it was noted by Yan Art, vice-president of the Association of Russia Regional Banks and chairman of the National Association of Credit brokers and financial advisers, "forex brokers has a certain demand in staff. These brokers are coming out of shadow now and have been evolving in their way to license for the second year in run."

 

"Specialists for forex companies are not prepated by any university. Dealing systems and brokerage are partially studued by students of economic specialties in courses of securities or risk management. In this regard, brokers prefer staff having experiencem whereas s specialist after college does not have a proper idea about the specifics of work and he has to be trained for a long time, "- says President of KROUFR Alexander Kuryashkin.

"FreshForex" company is always glad to see young and ambitious professionals looking for an interesting, promising work in its rows! A list of current vacancies can be found in the special section of our site.

Photos are provided by the Bankir.ru news agency

[Volkov Yuriy]

Weekly review of Majors

 

Dear traders!

EUR/USD

Monthly chart: As you can see, the bulls are gaining speed and ADX on their side. The last frontier before jerk to 1.50 is the upper Bollinger band (1.4034).

Weekly chart: Buyers have a strong advantage. 1.3871 resistance level will be broken and the road is open to 1.4034. In theory, there is one more rollback to the average (1.3713), where purchases are very attractive.

Day chart: We can see, that the rollback is really possible. Catch signals to shopping in the 1.3713 area.

 

http://gifok.net/images/2014/03/10/EN6pG.png

Conclusion: main plan is a rollback to 1.3713 and a sharp rise to 1.40, with medium-term prospects of going to 1.50.

 

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