Issue №64 from 05/09/2015

Hello, our forum dear visitors.
The European broker Forex.ee analytical department offers you the Analytics.

GBP/USD This week was rather negative for the pound, which showed a considerable decline since opening trades at 1.5406 on Monday. Percentage wise, GBP/USD did show the expected change in price, although in the direction opposite to the one forecasted by analysts. On Monday, the cable’s decline was stipulated by stronger dollar, but negative Manufacturing PMI data of Tuesday did not support the pair either, sending it as low as 1.53. The Construction PMI was also lower on Wednesday, and Services PMI numbers came out in red light on Thursday, too. Eventually, the pair end up trading at 1.5245, almost 6 figures lower than the highs of the previous week. Next week, data is expected from UK, including BRC Retail Sales Monitor, Manufacturing and Industrial Production, Trade Balance and interest rate decision. Extremely high volatility is expected on Thursday and Friday next week.

GBP/USD (D1; September 5 2015)

Trade guidelines:
Taking into consideration bearish movements of this week, it is clear that market will be expecting to see some correction very shortly. While it is unlikely that interest rate will be changed next week, the ratio of MPC member votes will be very important for the direction of GBP. It is expected that the pair will aim to recover its positions and return to its previous consolidation corridor in between 1.5425 and 1.5690in September. Talking long term trades, it seems as a very advantageous time to open long positionsnow with target set at 1.58 for when MPC actually raises the interest rate next year.

EUR/USD stayed within its consolidation between 1.1156 and 1.1330 after opening trades at 1.1174 on Monday, but Friday showed a considerable decline to 1.1174 level.Data showed positive CPI dynamics in euro zone, after which we saw a great contraction of German Unemployment and EU unemployment in whole. However, Manufacturing PMI was slightly lower than expected at 52.2 versus forecasts of 52.4. The PPI data was in line with expectations while Services PPI and Markit Composite PMI came out in green light. Retail Sales were also higher than expected. The Eurogroup meeting is scheduled for next Friday, so the outcome and any comments from theofficialswill be closely watched by investors.

EUR/USD (D1; September 5 2015)

Trade guidelines:
The forecastsfor EUR/USD are mostly bearish in view of few factors. Firstly, it is the inflation expectations in Euro Zone. As was previously stated by European Commission officials, the inflation targets can possibly be missed in view of lower commodity prices. Subsequently, this can lead to adopting further QE measures, which will push the single currency lower. On the US side, the expectations of a rate hike still prevail – it is only the timing that is not clear. By the end of this year, experts are again expecting the parity. In medium term, opening short positions with take profit level at 1.09 seems to be a viable option.

NZD/USD started losing ground on Monday amid strengthening of the greenback despite higher than expected Building Consents number. This week, data from New Zealand also suggested that Terms of Trade Index was higher than expected in the second quarter at 1.3%, while Private Sector Credit rose 0.6%, higher than anticipated. The pair was supported on Thursday when the attention point returned from Chinese turmoil back to the US side. Next week, investors are viewing NZ Current Account and Interest Rate decision, which, can possibly be lowered. The pair is currently trading at 0.6373.

NZD/USD (H4; September 5 2015)

Trade guidelines:
After previously breaking through the strong support level at 0.65 level, the pair set its next target at 0.6196 (lows of July 2009).  Both fundamental and technical data indicate there is still much space for decline with moving averages pointing down. QE implementation in NZ is also possible at the end of this year. The main points of attention are Chinese economy growth, Interes rate decision in the US and NZ fundamental data.

USD/CAD started forming its bullish trend in the beginning of April and the pair did not break out of the corridor even once since then. Moreover, the most recent developments show that bearish activity is forming somewhat a narrower trend corridor close to the current resistance level, which indicates a high likelihood of sharp rise in the near future. Canadian data was mixed with current account deficit widening even more than expected, GDP growing by 0.5% in the second quarter, and Trade Balance deficit contracting almost twice more than expected with 0.59B figure against  -1.30B forecast.

USD/CAD (D1; September 5 2015)

Trade guidelines:
After passing the previous target of 1.32, the pair was expected to soar even more rapidly to the next target at 1.3420. However, this week showed a more modest growth pace. The forecasts remain bullish for the long term, and the current target might be reached as soon as next week, according to the technical data. Support might be found at 1.3122. Moreover, the RSI indicator suggests the “overbought” zone has not yet been reached, which means market can open with a gap on Monday, so beware of the sharp moves.

AUD/USD opened trades at 0.7153 and was moving down for the rest of the week reaching the psychological level of 0.70 and even falling lower to 0.6982 on Wednesday. The Australian data was mostly negative as ANZ Business Confidence was down 29.1% in August, Current Account deficit widened more than expected, GDP did not show the anticipated growth pace and retail sales volumes contracted 0.1%. On the US side, the ISM Manufacturing PMI came out in red light, ADP Nonfarm Employment Change was lower than predicted and ISM Non-Manufacturing PMI, on the other side,showed robust growth in August. Next week, data is expected including Chinese Caixin Services PMI, NAB Business Confidence, Australian Home Loans, employment data from Australia and Chinese CPI.

AUD/USD (D1; September 5 2015)

Trade guidelines:
Talking of AUD, there have not been any major changes to the expectations both in the long and medium terms. The pair continues its downfall within the boundaries of its moving averages, while there is no support seen for the pair in terms of Australian fundamental data. The new target is set at 0.6873, which might be reached in course of two following weeks. On the upside, the pair might see some resistance at 0.7064, from where the bearish move will continue.

Thank you for using the European broker Forex.ee Analytics! Have a profitable trade!

Our other services, as well as Forex.ee trading conditions you can find at our official website.

Forex.ee statistics for spreads on ECN accounts for August 2015

Forex.ee is well-known for delivering exclusively professional trading conditions with focus on innovative and personalized solutions for customers.
Aiming to enhance our trading environment even further, we have been working with our liquidity providers to keep the spreads tight and provide you with even more liquidity available on our platform.

We understand how important it is to have a tight spread, especially for algo-traders and those with HFT and EA-based strategies. In order to highlight the stability of our trading conditions, we have prepared the statistics of our narrow spreads for the previous month.

The average spreads for the last two weeks:

(last month’s readings are shown in brackets)

Make a successful start on ECN taking advantage of our new promotion!

- Register an ECN Basic account  and get your commission reduced down to 2.5 units of base currency/1 lot (per side of your trade). The minimum deposit is $200;
- Register an ECN Advanced account and get unprecedentedly low commission of $1 per lot (per side of your trade). The minimum deposit is $1000.

Please note: Having registered and funded your ECN account, please contact us via LiveChat or get in touch with your Personal Support Manager to apply the reduced commission rate to your account.

Remember to “Deposit with 0% commission”

This promotion allows avoiding unjustified expenses when funding a trading account.

Promotion terms:

- Fund your account with a debit/credit card;
- Get you commission fully compensated.

Please note: We will also cover your commissions paid for deposits via bank transfer over $3000. Once the payment is made, please email us the payment document to info@forex.ee.

Why wait any longer when you can contact us now for consultation on Forex.ee account opening and start trading today?

Your premier ECN broker,
Forex.EE.

New $15 Welcome Bonus for STP accounts!

In the beginning of September, Forex.ee introduced a few beneficial offers for our clients. One of those offers was a great gift for new STP account holders: $15 Welcome Bonus.

We invite traders to use this opportunity and familiarize them selves with trading conditions on our STP accounts with a deposit of $15 provided by European broker Forex.ee! You will be able to entirely withdraw the profit you make.

The promotion is available to all clients, who register their Forex.ee STP accounts after September 1, 2015.

Instructions on how to get the bonus:

•    Register an STP account at Forex.ee;
•    Let us know about your intention of testing the platform with bonus funds using our LiveChat or via email: olegs.sidorenkovs@forexee.com;
•    Send us a trading account statement from your previous broker showing a deposit of at least $50 in course of the last year and let us know your active phone number;
•    Upon reception of your data, Forex.ee team will be in right in touch before crediting your STP account with a bonus.

What are the advantages of trading conditions on STP accounts?

•    Minimum lot – 0.01;
•    Spreads from 0.5 pips;
•    No commission;
•    Leverage from 1:1 to 1:500;
•    Minimum deposit - $50;
•    Absence of trading restrictions on scalping, hedging, HFT and algo-trading;
•    Market Execution.

What can be better in Interbank ECN/STP market environment?

Hurry up to get $15 Welcome Bonus for STP account in order to test our premium trading conditions and make profit with a licensed European Broker Forex.ee.

*Promotion budget is limited.

Forex.ee – over ten years of spotless reputation.

Forex.ee CEO speaks about the partnership program

Dear clients,

Firstly, I would like to thank each of you for having chosen Forex.ee from many brokerage companies out there in the market. We highly appreciate your trust and continue our work in order to provide you with only the best trading conditions and most favourable deals.

Over the past few months, we have seen a significant increase of activity in the affiliate segment of our operations. This is why I would like to draw your attention to the specifics of Forex.ee partnership program.

Who our partnership program is meant for?

The partnership program is developed for any active participant of the FX market who would like to diversify his activities and create additional income without any trade-related risks. Our partners are individual traders, who want to use their contacts for making money, bloggers, who are able to attract attention of the general public, owners of websites dedicated to financial markets, as well as all those who want to start their own business without any significant investments.

What are the advantages of Forex.ee partnership program?

The affiliate program allows partners to get commissions by attracting new clients for trading on Forex.ee platform.

Remuneration is paid to partners on daily basis according to the number of attracted clients and composite volume of their trades. At the same time, we apply multiplier principle so that your commission rate increases in line with augmentation of total trading volume of your clients.

In addition, we offer three reward levels, which allows each agent to benefit not just from their direct clients and traders they invited, but also from the third level referrals.

In order to ensure the highest standard of customer service, a personal support manager is assigned to each partner, making it possible to receive advice and handle all arising situations in a swift manner.

We are able to offer individual terms to experienced partners with a broad customer base.

You can read more about our remuneration system by following the link below: https://www.forex.ee/en_US/partnership/#about

Why Forex.ee is your most reliable partner?

Forex.ee adheres to the operational model based solely on authentic ECN-technology, which implies direct Market Execution and absolute absence of conflict of interests. This means that the company generates income from the commissions paid by clients each time they open new trades. Therefore, Forex.ee is only interested in the successful trading results of our clients, sticking to the principle that the more money you make, the greater your trading volume, the bigger revenue we get. Moreover, we are particularly interested in cooperation with experienced traders, so we do not impose any trading restrictions on any strategies including scalping, hedging, HFT, algo-trading and any other tactics. Thereafter, customers whom you invite to trade at Forex.ee will be fully satisfied by our services and your income will grow in proportion to their trading volume!

Forex.ee is truly the most reliable partner with spotless reputation and one of the best trading environments available in the whole Forex market.
Based on our extensive experience working with partners, as well as numerous reviews received, we can identify a few competitive advantages of our affiliate program, which you most highly evaluated:

•    The partnership section of our website provides access to statistical data and tools for effective analysis of agent’s performance;
•    Qualified support team is ready to assist you on any related matter every working day of the week;
•    Individual and flexible approach to each of our partners contributes to a better understanding of the specifics of your business, which makes it possible to always find the most suitable solutions.

The main goal of Forex.ee partnership program is to attract more customers for working in our premium trading environment, while ensuring the most favourable terms for our partners.

Take part and become our partner today! All you need to do is register and obtain a referral link to start inviting clients!

Get a consultation in OnlineChat or call us directly to +372 6143777.

Forex.ee CEO,
Vlad Karpejev

Low-frequency trading: Find out about trading advantages at Forex.ee

In view of active proliferation of algo-trading and the desire of traders to make large profits in short periods of time, we have not been hearing a lot about low-frequency trading lately. With this regard, we decided to do justice and draw your attention to this specific trading approach and to the advantageous trading conditions for low-frequency trading at Forex.ee.

Low-frequency trading (LFT) assumes low intensity of trading operations. The basic postulate of LFT is that profit volumes should come from the quality of trades, not their quantity. There are many factors that affect the quality of open positions – let’s define the main ones!

What needs to be taken into consideration when applying LFT:

•    The size of deposit should be determined by the longitute of opened positions. For instance, when placing orders that are meant to be open during one month or longer, the deposit size should exceed $100,000;
•    The ability to predict the market direction and to locate the entering points;
•    The volume of open trades solely depends on the applied risk-management practices;
•    The selection of trading instruments (please pay attention to the spread and degree of volatility);
•    The choice of trading strategy: long-term, mid-term or short-term.

In our opinion, applying LFT in short-term trades is not always justified. If you are willing to open just one position per day, its volume will need to be big in order for you to make a significant profit, while the deposit would be placed at risk. In case of LFT, the best option would be to open mid-term (up to one week) or long-term (up to a year) positions. This makes the market more predictible and allows generating profit and keeping risks at a reasonable level at the same time.

The benefits of using LFT:

•    Increasing the profit/risk ratio;
•    Greater predictability of the market direction in comparison with smaller timeframes (as in case of HFT);
•    Lower exposure to daily market volatility, as stop-loss levels are usually placed at a distance;
•    You are able to free-up plenty of time by not monitoring your positions as frequently;
•    Psychological comfort due to lower level of stress related to intraday market shifts;

In view of the specifics outlined above, there are certain trading conditions that need to be provided by the broker for successful LFT.

Advantageous trading conditions offered by Forex.ee for LFT:

•    Low SWAP rates;
•    Narrow spreads and low commissions. Forex.ee is among top-five ECN/DMA brokers with the tightest spreads and commissions in the Forex industry;
•    There are no time restrictions for closing and modifying open positions;
•    Hedging/locking allowed;
•    A wide range of trading instruments;
•    Analytics: Daily and Weekly FX market overview, Economic Calendar;
•    Ultra-fast order execution at the best available market price (Market Execution);
•    No requotes or interventions;
•    Licenses:VVT000334, FFA000133

Whichever timeframe you choose, LFT at Forex.ee will be the safest and the most winning of all offers for every trader regardless of experience level or deposit size.

Looking forward to cooperation!

Forex.ee offers best trading environment for legal bodies.

Legal entities are mostly established with one main aim – to earn income. This pushes the owners and managers to look for innovative solutions while maintaining extensive number of staff and competing in the market. Despite all effort and invested capital, the desired volume of profit may simply remain a figure in the business plan.

European Broker Forex.ee offers legal entities to invest their spare capital in the Forex market. Our offer is a great alternative to your usual business. In order to perform currency trading, there is not needed to hire more staff, bear the production expenditures or entrust your money to a third party.

All you need to do is:

•    Complete the legal entity verification process;
•    Open a corporate trading account;
•    Fund your account with the desired amount.

Our corporate clients have access to all types of Forex.ee accounts: STP; ECN and Crypto.

The alternative option for cooperation is the multi-level partnership program.

You can use your company’s resources to promote our brand, attract new clients and even open a representative office of Forex.ee in your region using our help. The size of your remuneration can be as high as 50% of the broker’s commission.

We stay very attentive to our corporate clients, so we know how transparent the cooperation should be in order to comply with legal obligations to regulators and financial authorities. Not all brokers offer their services to legal entities, while only a few can meet with expectations of such clients. Forex.ee is interested in cooperation with legal bodies and is able to fully meet their expectations:

1.    Licenses and regulations. Forex.ee is a European Union registered and fully licensed Brokerage Company with over ten years of spotless reputation. License numbers: VVT000334,  FFA000133;
2.    Formal legal registration of cooperation. We provide Client Agreement to all corporate clients, while complying with our Privacy Policy. Our company’s management is always ready for a meeting in person at our office. We welcome telephone calls, communication via LiveChat or email – info@forex.ee;
3.    Security and complete control of your capital. Forex.ee is a true ECN/DMA broker providing Market Execution. We do not intervene in trading operation of our clients and do not manage their finances. The management of your capital is in your own hands.
4.    Low trading costs. Forex.ee has been among top-five ECN/DMA brokers with tightest spreads and lowest commissions for several years. We regularly run beneficial promotions including opportunities to fund trading accounts without bank commission and introducing the lowest brokerage commission in the Forex industry on our ECN accounts – just $1 per lot.
5.    Quick withdrawal of funds. The owners and managers of businesses might urgently need to withdraw the funds from trading accounts (for instance, when there is a need of funding operational costs, paying suppliers, accounting for taxes, etc.). At Forex.ee, withdraws funds without delays and bureaucracy: all withdrawal requests are processed within one working day.

We invite you to go through the most popular FAQs of our corporate clients:

Q1: What legal organizational form should a company have to open an account at Forex.ee?
A1: You should provide the following list of documents to open an account:
•    A copy of company’s registration certificate;
•    A copy of association memorandum or a certificate of incorporation;
•    The certificate of registration validity;
•    A copy of Board’s written decision to open a trading account;
•     A copy of Director’s ID.

Q2: What deposit and withdrawal methods are available at Forex.ee for legal entities?
A2: Legal bodies may use all payment and withdrawal methods available on our website: bank transfer, credit/debit Visa/Mastercard, Skrill, Webmoney, Bitcoin, Neteller, PerfectMoney, Payza, Fasapay, Qiwi.

Q3: Can a legal entity open several accounts?
A3: Yes, it is possible.

Q4: Is it allowed for the director to open a personal account for individual use, as well as another account in the company’s name?
A4: Yes, but in this case an individual and a corporate account types would need to be opened.

Corporate accounts at Forex.ee or/and Affilliate Program of our company are both promising direction for financial development of any business. European Brokerage with over ten years of spotless reputation is delighted to offer the most advantageous cooperation terms.

Forex.ee is the best business partner in the Forex industry.

Looking forward to cooperation!

Robots like Forex.ee STP accounts!

Is it better to trade manually or use expert advisors on Forex.ee STP accounts? There is no definite answer to this as both methods have proved their efficiency. However, today we would like to explain why our STP accounts look so attractive for traders who apply automated systems and EAs in course of their Forex trading.

To put it simple, the majority of our clients use EAs and, accordingly, we provide excellent trading conditions in order to meet their expectations.

With use of EAs, some of our clients make up to 500% of profit monthly. Such outstanding results are achieved using the advantages of our trading environment on STP accounts:

Immediate processing of orders takes just 200 milliseconds (0.2 sec.)

Our STP accounts are unique because of direct order processing system implemented by means of special “bridges” that connect our clients with the liquidity providers. This system has no intermediaries between traders and LPs, which allows our clients to win time when placing orders whether it’s a fraction of a second or a few seconds. This benefits uninterrupted work of your EAs and increases the likelihood of profitable transactions.

Low trading costs

On STP accounts, spreads are not fixed and their size depends on the trading instrument and the supply/demand ratio of the market.  No commission is charged because markup is already included into the spread. Forex.ee is among top-five ECN/DMA brokers with tightest spreads and lowest commissions in the whole Forex industry.

Absence of trading restrictions on positioning of SL/TP orders

We allow placing SL/TP orders at any distance from the current market price (even within the spread).

On STP accounts, there are no restrictions on the number of open orders per unit of time and no restrictions on the time of keeping a position open before it can be closed. Presence of such restrictions can be an obstacle to profitable outcome of applying automated trading systems.

Accessibility of STP accounts: minimum deposit is just $50!

We lowered the minimum deposit requirements to just $50 in order to provide access to interbank market even to the beginners. Such low deposit requirements allow testing EAs on our platform with insignificant amounts of money before commencing the work with your usual volumes.

Algo-traders are proponents of innovational technological solutions in the Forex market. This is why they will feel the advantages of our convenient back office based on the multicurrency eWallet feature. We offer a wide range of payment methods including Skrill, Webmoney, Qiwi, PerfectMoney, credit/debit cards, bank wire and other.

Detailed trading conditions of STP accounts can be found on our official website in “trading Conditions” section.

If you require help with installing an Expert Advisor on STP account we will be happy to assist you with setting it up.

STP accounts at European Broker Forex.ee are ready to accommodate your Expert Advisors and such cooperation will be definitely profitable to you!

IS MT4 installed on your mobile phone?

Forex.ee team is closely following the preferences of our clients in order to provide you with the most flexible trading terms and individual approach in service. One of the most demanded services in recent yearswas the option of using mobile-compatible versions of MT4 platform.

The increase of mobile-trading in our company is not caused by the general trend only. Trading with use of mobile devices allows controlling your account from any place at any time. Traders do not need to limit them selves in travelling in order to avoid missing a profitable deal or worrying about losing their deposit. Now you can take the MT4 platform along wherever you go. The value of mobile trading increases the most in case of force-majeure market situations.

This is why we recommend you to install MetaTrader4 to your phone, tablet or smartphone in order to use the available advantages when needed.

Forex.ee clients can choose from several installation options depending on the type of phone they have. It can be Android (smartphones and tablets with Android OS 2.1 or higher), iOS (iPhone, iPod Touch and iPad with iOS 4.0 or higher), Windows Mobile (Windows Pocket PC 2002 or higher).

The software that we offer for mobile trading is adapted for functioning on different types of displays, including small resolution displays. The range of options in mobile apps makes it possible to trade with usual facilities even without a PC or laptop.

Advantages of Forex.ee mobile trading:

•    Full access to quotes of financial instruments in real time mode;
•    The full selection of order types, including pending orders;
•    Availability of trading history;
•    Interactive and adjustable charts;
•    Technical indicators;
•    Order execution regimes.

In order to install MT4 on your smartphone, you need to download the app from AppStore or Google Play and login to an existing Forex.ee trading account. Having launched the application, look for NetStock server.

If you have any questions regarding installation of MT4 on your smartphone or about the use of the mobile app, please do not hesitate to get in touch with our support service via email or through LiveChat.

The additional convenience offered by mobile trading also provides high level of trading security wherever you are in the world.

All these features are available on Forex.ee MT4 mobile platform!

Changes to Forex.ee server time settings

Dear clients,

Please note that on Monday, November 2, Forex.ee server time will be set to GMT+2, which will cause the time displayed on MT4 platform to change.

The changes apply to all types of accounts available on our platform, including:

• Live STP, ECN, and Crypto accounts;
• Demo ECN and STP;
• PAMM.

We kindly invite you to take this information into consideration when re-setting your EAs and indicators .

Follow us on Facebook, Twitter , LinkedIn and VK.

Your premier ECN broker,
Forex.EE.

Participate in Forex.ee campaign and get 0% commission for PAMM account funding!

Today, we have great news for holders of PAMM accounts and those traders who are considering becoming PAMM Providers at Forex.ee!

You are invited to participate in “Deposit with 0% commission” campaign and fund your PAMM account without any commission!

It is possible for all ECN and STP PAMM Providers to make a commission-free deposit. According to the terms of the campaign, traders can select from the following options for full commission compensation:

•    Funding anaccount with any amount using adebit/credit card;
•    Depositing over $3000 via bank transfer.

Please note: In order to compensate the bank wire commission, please email us the payment document to info@forex.ee.

In case a Provider is planning to fund his PAMM account with a big amount for the purpose of attracting investors or according to the specifics of his strategy, the commission compensation for $20000 deposit can be from $100 to $800, depending on the depositing method.

Please note that “Deposit with 0% commission” campaign is also available for Forex.ee PAMM Subscribers!

You can fund your PAMM account in EUR or USD. To see the full range of available payment methods, please proceed to “Deposits” section of our website.

PAMM Service allows Providers to create offers with various parameters in order to provide flexibility in course of managing the funds of Subscribers. The minimum deposit for PAMM Providers is just $100 on STP accounts and just $200 on ECN.

Participate in the promotion and lower your expenses when depositing to PAMM accounts!

Forex.ee offers the most favourable terms and is looking forward to cooperation!

Forex.ee runs a PAMM contest

Dear Clients,

Forex.ee team is pleased to announce thatin response to numerous requests from our clients the company has decided to run a PAMM contest.

We invite eachof you to participate in the contest for the prize fund of $2016.

Participants will compete on demo accounts aiming to make the biggest profit. The winners will be given the opportunity of becoming real PAMM account Providers and the prize fund will be distributed according to the terms of the contest.

Please see terms and conditions here.

Do not miss the opportunity of starting the New Year in the role of Provider!

Join us on Facebook, Twitter and LinkedIn.

Your European Broker,
Forex.ee

Forex.ee launches MT4 Web Trading

Dear clients and partners,

Forex.ee team is glad to announce that Web Trading Platform has been successfully added to the range of our services.

MT4 Web Platforms offers you trading FX from any browser on any operating system. Installation of additional software is not required. Among the main features of the Platform are charts and graphical objects, all trading orders, 9 timeframes and history of trading operations.

To start trading via Web Platform click here.

Join us on Facebook, Twitter, LinkedIn and VK.

Your premier ECN broker,
Forex.EE.