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Derek Frey came from pursuing a career as an Olympic athlete to trading and developing his own custom Forex tools. He applies the same high standards and results-oriented approach as an elite athlete to his chosen speciality, "?Harmonic" patterns in Forex. Huzefa Hamid, DailyForex.com Senior Analyst, spoke to him about his fascinating journey into the markets.
Friday's Non-Farm payroll report contained surprised many economists. U.S. job growth remained solid in November and the unemployment rate fell to the lowest level in five years, dropping 7 percent, one signal of stronger U.S. economic growth.
Dramatic price fluctuations in the bitcoin market have the trading world abuzz, especially following the spikes earlier this week, and the subsequent crash to nearly half that much.
The DailyForex team is excited about the launch of the new Daily Forex mobile application. The previous application, which went live back in March 2012, has been very useful, and the new mobile app is designed to be more efficient and to fix some of the bugs that were present in the original app. The new app offers everything the old one did as well as some new features.
The Forex market enjoys $5.3 trillion turnover daily – don't you want to be a part of it?
The FX Academy was designed with care to ensure that traders at all levels will have the tools they need to develop into expert traders. Among the lessons included are focuses on core issues such as understanding macro market forces and the basics of technical analysis to trading psychology to more complex FX trading concepts and strategies. The FX Academy also provides a solid grounding in the understanding of risk management and the responsible use of leverage. Perhaps the biggest advantage of the Academy, however, is the fact that it is not aligned with any specific brokerage, which means that students can learn in a pressure-free environment for as long as they need to feel entirely comfortable.
In a moved that stunned traders, affiliates and even company employees, iOption closed it's doors, leaving a wave of chaos in its wake. On Friday, November 8th, iOption informed its employees that it was closing down effective immediately. Although the broker did not announce the closure in advance, it should not have been a surprise to anyone, especially to investors. For the last several months, problems within the company have arisen and trader withdrawals were not being processed.
Trading forums have been part of the trading landscape ever since the internet has become popular. For the most part, trading forums have been a helping guide for those who seek initial advice, trading education and a place to ask about 3rd part vendor services. Before you trade in a Forex forum, however, it's a good idea to know a bit about what they truly offer. Here are some advantages of using a Forex forum:
The National Futures Association (NFA) imposed a $600,000 fine on Forex broker IBFX last week over irregularities in reporting. IBFX was formerly known as InterbankFX and is still referred to under this name.