U.S. Consumer Spending Probably Rose in October on Fuel Bills
Bloomberg.com: Currencies
Friday, November 30, 2007
Bloomberg.com: Currencies
Bloomberg.com: Currencies
Dollar May Extend Gain Versus Euro as Credit Squeeze Spreads
Bloomberg.com: Currencies
Thursday, November 29, 2007
Why Is "FXcast "?
Dear Clients, Partners and Members,Thank you for your support at Meta Forex Capital - IB of FXcast - Your Prime Online Forex Broker.
Why Is "FXcast "?
A change
A core business philosophy that is built on
Honesty
Integrity
Reliability"FXcast" represents a new way for Prime Brokers, Introducing Brokers and Traders to communicate and interact, allowing them to form synergistic and profitable relationships within the FOREX arena. Our goal is to emerge as THE leading Introducing Broker (IB) in the FOREX market, setting THE new standard for the FX industry - one that is based on ethics and transparent business practices, qualities which are sorely lacking with many IB's and Brokers today.FXcast takes pride in our honesty, integrity, and transparent business practices. It is our belief, that these three qualities will allow us to be profitable, not just on a short term basis, but for decades to come.
Simply put, we WANT you to be profitable and stay in the FOREX arena for as long as you like, and not be forced out by "blowing up". We believe that a trading and business environment that promotes honesty and integrity will lead to success - both for the Broker, the IB and You, the Client.If you have any questions or comments in regards to our policies or procedures please feel free to contact us.
The way to success as IB at FXcast
29 Trading Rules and 6 Guidelines
Trading Rules
Never over-trade.
Never risk more than 10% of your trading capital in a single trade.
Never trade without protective stops.
Never cancel a stop-loss after placing a trade.
Never average a loss.
Never let a profit run into a loss.
Never buy or sell just because the price is low or high.
Never try to guess tops or bottoms.
Never limit a profiting trade, instead move your stops to guarantee a profit.
Never get out of the market because you have lost patience or get in because you are anxious from waiting.
Never hedge a losing position.
Never change your position or close a trade without a good reason.
Never follow a blind man's advice.
Never enter a trade if you are unsure of the trend. Never buck a trend.
Avoid scalping for small profits and taking large losses.
Avoid trading after long periods of success or failure.
Avoiding going in and out of the market too often.
Avoid getting in wrong or getting in right and out wrong, making a double mistake.
Always identify strong support/resistance levels.
Always lock in a profit at predetermined increments on profiting trades.
Always use protective stops on open trades.
Always distribute your risk equally among different markets.
Always be willing to make money from both sides of the market.
Always reduce trading after the first loss; never increase.
Always cut your losses short and let your profits run.
When in doubt, get out. Do not get in when in doubt.
Only trade active markets.
Only pyramid trades that have a strong trend and should be accomplished once the price has crossed support/resistance.
Profits from a successful trade should be kept for future trade margins.
Never risk more than 10% of your trading capital in a single trade.
Never trade without protective stops.
Never cancel a stop-loss after placing a trade.
Never average a loss.
Never let a profit run into a loss.
Never buy or sell just because the price is low or high.
Never try to guess tops or bottoms.
Never limit a profiting trade, instead move your stops to guarantee a profit.
Never get out of the market because you have lost patience or get in because you are anxious from waiting.
Never hedge a losing position.
Never change your position or close a trade without a good reason.
Never follow a blind man's advice.
Never enter a trade if you are unsure of the trend. Never buck a trend.
Avoid scalping for small profits and taking large losses.
Avoid trading after long periods of success or failure.
Avoiding going in and out of the market too often.
Avoid getting in wrong or getting in right and out wrong, making a double mistake.
Always identify strong support/resistance levels.
Always lock in a profit at predetermined increments on profiting trades.
Always use protective stops on open trades.
Always distribute your risk equally among different markets.
Always be willing to make money from both sides of the market.
Always reduce trading after the first loss; never increase.
Always cut your losses short and let your profits run.
When in doubt, get out. Do not get in when in doubt.
Only trade active markets.
Only pyramid trades that have a strong trend and should be accomplished once the price has crossed support/resistance.
Profits from a successful trade should be kept for future trade margins.
Guidelines
Understand for yourself the type of trader that you are, whether aggressive or conservative, long-term or short.
Have a trading strategy before entering the market. Know before the trade is executed where you will take profits/loss.
Understand why a win/loss occurred and how you could have made the trade better.
Consistency is the key to trading success, without it you have nothing.
Your judgment is the only concern, do not let outside factors affect the way you trade.
Not everyone can be a trader, deem yourself worthy if given this opportunity.
Have a trading strategy before entering the market. Know before the trade is executed where you will take profits/loss.
Understand why a win/loss occurred and how you could have made the trade better.
Consistency is the key to trading success, without it you have nothing.
Your judgment is the only concern, do not let outside factors affect the way you trade.
Not everyone can be a trader, deem yourself worthy if given this opportunity.
IB Program
Promotion Partner Level (up from 0) 0.10 pip per traded lot from any customer.
Usually the Homepage Owners who would like to earn extra money on promotion by placing advertisements as banners or links in news letter to win customers. He places FXcast links and banners on his website and does not have to support customers.
Partner can hire: customers
Supporting tools:
Access to IB secured area
Monthly statement indicating trades and commission per each introduced customer
Usually the Homepage Owners who would like to earn extra money on promotion by placing advertisements as banners or links in news letter to win customers. He places FXcast links and banners on his website and does not have to support customers.
Partner can hire: customers
Supporting tools:
Access to IB secured area
Monthly statement indicating trades and commission per each introduced customer
IF YOU WANT TO BE PROMOTED AS SUB-IB
SUB-IB Level ( YOU MUST ARCHIVE MINIMUM 20 - 99 customers AND minimum 25 000 USD customer deposit) rebates: 0.50 pip per traded lot for all new customers on this level introduced by yourself plus 0.25 pip per traded lot for all customers introduced by any underlying promotion partner which you are able to hire now.
The second level for an IB. The SUB-IB will be able to recruit all deeper levels and of course own customers. He gives promotion codes to customers and Promotion Partners by reference from his website or by email or any other marketing opportunity. The SUB-IB is actively promoting FXcast in the market and pro-active with customers. He will get partial software support from FXcast
SUB-IB can hire: Partners and customers
Supporting tools:
Real time online monitoring of customer's trades
Access to back office
Access to IB secured area
The second level for an IB. The SUB-IB will be able to recruit all deeper levels and of course own customers. He gives promotion codes to customers and Promotion Partners by reference from his website or by email or any other marketing opportunity. The SUB-IB is actively promoting FXcast in the market and pro-active with customers. He will get partial software support from FXcast
SUB-IB can hire: Partners and customers
Supporting tools:
Real time online monitoring of customer's trades
Access to back office
Access to IB secured area
TO BE PROMOTED AS IB
IB Level (YOU MUST ARCHIVE MINIMUM 100 - 499 customers AND 25 promotion partners AND minimum 100 000 USD customer deposit) rebates: 0.75 pip per traded lot for all new customers on this level introduced by yourself plus 0.25 pip per traded lot for all customers introduced by any underlying SUB IB, promotion partner
The Standard level for an IB. The IB will be able to recruit all deeper levels and of course own customers. He gives promotion codes to customers and other Sub-IBs by reference from his website or by email or any other marketing opportunity. The IB is actively promoting FXcast in the market and pro-active with customers. He will get partial software support from FXcast.
IB can hire: SUB-IBs, partners and customers
Supporting tools:
Real time online monitoring of customer's trades
Access to back office
Access to IB secured area
The Standard level for an IB. The IB will be able to recruit all deeper levels and of course own customers. He gives promotion codes to customers and other Sub-IBs by reference from his website or by email or any other marketing opportunity. The IB is actively promoting FXcast in the market and pro-active with customers. He will get partial software support from FXcast.
IB can hire: SUB-IBs, partners and customers
Supporting tools:
Real time online monitoring of customer's trades
Access to back office
Access to IB secured area
LAST - - YOUR GOAL AND FINANCIAL FREEDOM - MASTER-IB
Master IB Level (YOU HAVE ARCHIVE 500 customers and more AND 100 promotion partners AND minimum 500 000 USD customer deposit) rebates: 1 pip per traded lot for all new customers on this level introduced by yourself plus 0.25 pip per traded lot for all customers introduced by any underlying IB, SUB IB, promotion partner
The highest level for an IB. The Master IB will be able to recruit all deeper levels and of course own customers. He gives promotion codes to customers and other IBs by reference from his website or by email or any other marketing opportunity. The Master IB is actively promoting FXcast in the market and pro-active with customers. He will get full software support from FXcast. Master IBs pay 10% of their monthly rebates for FXcast services and support.
Master IB can hire: IBs, SUB-IBs, Partners and customers.
Supporting tools:
Real time online monitoring of customer's trades
Access to online live support center
Access to back office
Access to highest level of IB secured area
FXCAST - Your Prime Online Forex Broker.FXCAST - start trading with 1 dollar
The highest level for an IB. The Master IB will be able to recruit all deeper levels and of course own customers. He gives promotion codes to customers and other IBs by reference from his website or by email or any other marketing opportunity. The Master IB is actively promoting FXcast in the market and pro-active with customers. He will get full software support from FXcast. Master IBs pay 10% of their monthly rebates for FXcast services and support.
Master IB can hire: IBs, SUB-IBs, Partners and customers.
Supporting tools:
Real time online monitoring of customer's trades
Access to online live support center
Access to back office
Access to highest level of IB secured area
Bloomberg.com: Currencies
Yen May Extend Drop as Rally in Stocks Spurs Carry Trade Bets
Bloomberg.com: Currencies
Wednesday, November 28, 2007
Today Market Outlook!
USDJPY
Today Pivot Point
- 3rd Resistance = 111.73.
- 2nd Resistance = 110.50.
- 1st Resistance = 109.69.
- Pivot = 108.46.
- 1st Support = 107.65.
- 2nd Support = 106.42.
- 3rd Support = 105.61.
Strategy:
We buy around Pivot Point with Profit Target around 109.60 stop below 108.20.
Or we may buy again around 108.00. Stop below 107.50. FXCAST - Your Prime Online Forex Broker.FXCAST - start trading with 1 dollar
Tuesday, November 27, 2007
Bloomberg.com: Currencies
Australian Dollar Falls; U.S. Stocks Drop on Subprime Concerns
Bloomberg.com: Currencies
Bloomberg.com: Currencies
New Zealand Dollar Falls as Credit Woes Spur Carry Trade Exit
Bloomberg.com: Currencies
Bloomberg.com: Currencies
Trichet, Juncker to Press China on Faster Appreciation of Yuan
Bloomberg.com: Currencies
Bloomberg.com: Currencies
Yen May Extend Advance From Two-Year High Amid Credit Concerns
Bloomberg.com: Currencies
Monday, November 26, 2007
Today Technical Chart Analysis!
USDJPY
Last Week High - 111.05. Low - 107.54. Close - 108.32.
This Week Pivot Point
3rd Resistance = 113.91. 2nd Resistance = 112.48. 1st Resistance = 110.40.
Pivot = 108.97.
3rd Support = 103.38. 2nd Support = 105.46. 1st Support = 106.89.
Last High - 108.61. Low - 107.54. Close - 108.32.
Today Pivot Point
3rd Resistance = 109.84. 2nd Resistance = 109.22. 1st Resistance = 108.77.
Pivot = 108.15.
3rd Support = 106.63. 2nd Support = 107.08. 1st Support = 107.70.
Daily Chart
4 hours Chart
Last Friday a long spike at the bottom; it is a Hammer Pattern. A Bullish Reversal Trend. Currently had been reached today Resistance 1 at 108.77. Today we may see the Yen may continue look target Resistance 2 at 109.22.
Strategy
Buy 108.50/60 Profit Target at 109.22, or further to 109.50 or Resistance 3 at 109.84. Stop well below 108.00.
Sunday, November 25, 2007
Weekly Technical Chart Analysis!
EURUSD
Last Week Open - 1.4659. High - 1.4964. Low - 1.4622. Close - 1.4822.
This Week Pivot Point -
Classic Formula
- Resistance 3 = 1.5326.
- Resistance 2 = 1.5145.
- Resistance 1 = 1.4984.
- Pivot Point = 1.4803.
- Support 1 = 1.4642.
- Support 2 = 1.4461.
- Support 3 = 1.4300.
- Resistance 2 = 1.5150.
- Resistance 1 = 1.4994.
- Pivot Point = 1.4808.
- Support 1 = 1.4652.
- Support 2 = 1.4466.
- Resistance 4 = 1.5010.
- Resistance 3 = 1.4916.
- Resistance 2 = 1.4885.
- Resistance 1 = 1.4791.
- Support 1 = 1.4791.
- Support 2 = 1.4759.
- Support 3 = 1.4728.
- Support 4 = 1.4634.
- New High = 1.5064.
- X = 5.9372.
- New Low = 1.4722.
Bloomberg.com: Worldwide
Home Sales May Drop, Durable Orders Stall: U.S. Economy Preview
Bloomberg.com: Worldwide
Friday, November 23, 2007
Today Market Outlook
Important Economic Calendar - Forex Factory.
Today Japan Market Holiday.
UK
4.30 pm - GDP(q/q)(r).
Forecast = 0.8%. Previous = 0.8%.
Technical Chart Analysis.
GBPUSD
Last Open = 2.0689. High = 2.0588. Close = 2.0625.
3rd Resistance = 2.0781.
2nd Resistance = 2.0735.
1st Resistance = 2.0680.
Pivot = 2.0634.
1st Support = 2.0579.
2nd Support = 2.0533.
3rd Support = 2.0478.
Strategy
Yesterday Cable as my expected move between the Trendline Resistance and Support. Today it is time to breakout to High or Low.
Option 1 - Sell below Pivot with Profit Target 2.0580 or 2.0480. Stop below 30 pips.
Option 2 - Buy above Pivot with Profit Target 2.0680 or 2.0780. Stop below 30 pips.
Thursday, November 22, 2007
Today Market Outlook
Note: Today US market Holiday for the Thanksgiving Days.
Important Economic Calendar - Forex Factory.
Europe
2.00 pm - German GDP(q/q)
Forecast = 0.7%. Previous = 0.3%.
4.00 pm - Current Account.
Forecast = 4.0B. Previous = 3.8B.
5.00 pm - Industrial New Order(m/m).
Forecast = -0.7%. Previous = 0.3%.
Swiss
3.15 pm - Employment Level.
Forecast = -. Previous = 3.74M.
UK
4.30 pm - Business Investment(q/q).
Forecast = 1.0%. Previous = 0.4%.
Technical Analysis
GBPUSD
Last High = 2.0697. Low = 2.0520. Close = 2.0628.
3rd Resistance = 2.0876.
2nd Resistance = 2.0786.
1st Resistance = 2.0707.
Pivot = 2.0617.
1st Support = 2.0538.
2nd Support = 2.0448.
3rd Support = 2.0369.
Cable may tight range between the Trendline Resistance(around 2.0670) and Trendline(2.0560) Support.
Option 1 sell around 2.0670 with profit target around 2.0580 or
Option 2 buy around 2.0570 with profit target around 2.0660. Stop below 30pips.
Option 3, if break above 2.0710 may target 2.0780.
Option 4, if break below 2.0500 target 2.0380.
Wednesday, November 21, 2007
Bloomberg.com: Currencies
Dollar May Extend Loss Versus Euro on Rate-Cut Speculation
Bloomberg.com: Currencies
Bloomberg.com: Worldwide
Fed Pares Growth Forecast, Calls October Cut `Close'
Bloomberg.com: Worldwide
Today Market Outlook
Important Economic Calendar - Forex Factory.
UK
4.30 pm - MPC Meeting Minutes.
Forecast = 7 - 2. Previous = 8 - 1.
US
8.30 pm - Unemployment Claims.
Forecast = 330K. Previous = 339K.
10.00 pm - Consumer Sentiment.
Forecast = 75. Previous = 75.
Technical Analysis
GBPUSD
Last High = 2.0680. Low = 2.0455. Close = 2.0662.
Today Pivot Point
3rd Resistance = 2.0968.
2nd Resistance = 2.0824.
1st Resistance = 2.0743.
Pivot = 2.0599.
1st Support = 2.0518.
2nd Support = 2.0374.
3rd Support = 2.0293.
Strategy
Sell below today Pivot around 2.0590 with target 2.0520. Stop above 2.0620. Or Buy around 2.0610 with profit target around 2.0740 stop below 2.0590.
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