EUR/USD (Swing Forecast)
Potential StrategyWait until a new pattern emerges.
What is the trend? Neutral
What is this pattern? No pattern present
Why is this significant? There is no high probability pattern so we cannot place a trade.
What other indicators or Fib Levels support this thesis? No trade
Reason for StrategyWe have drawn a bearish channel on the 2hr Chart that has provide fairly accurate support and resistance at this point.  The pair also has broken the Daily Chart channel.  Both of these charts point to a move farther down, but we will still stay on the sidelines until a new pattern emerges.Trade InvalidationNo trade
Support & Resistance Levels
Resistance 3 Bottom of channel See Daily Chart
Resistance 2 1.4746 38.2% of AB on the Daily Chart
Resistance 1 Top of channel See 2hr Chart
Current Price 1.4530  
Support 1 Bottom of channel See 2hr Chart
Support 2 N/A N/A
Support 3 N/A N/A

                                  
Daily Chart - Broken bullish channel.
2hr Chart - Bearish channel. DISCLAIMER: This forum and the information provided here should not be relied on as a substitute for extensive independent research before making your investment decisions. Global Forex Trading is merely providing this column for your general information. The views of the authors are not necessarily those of Global Forex Trading, its owners, officers, agents or other employees. In addition, any projections or views of the market provided by the authors may not prove to be accurate. Global Forex Trading and the currency research team will not be responsible for any losses incurred on investments made by readers and clients as a result of any information contained in this column. Global Forex Trading and the currency research team do not render investment, legal, accounting, tax, or other professional advice. If investment, legal, tax, or other expert assistance is required, the services of a competent professional should be sought. This website is not intended for residents of the United Kingdom, Singapore or Australia.

Moneybookers Forex Brokers

Posted by makemoneyus | 7:09 AM

A list of Forex brokers which support Moneybookers payment system as an option for funds deposit/withdrawal. Moneybookers is a popular British electronic payment system that is acceptable world-wide. It is regulated by Financial Services Authority in United Kingdom. Brokers accepting this payment system confirm their valid bank account details and the physical location.

InstaForex — Forex Broker

InstaForex:

Company: InstaForex
On-line since: 2008
Country of origin: British Virgin Islands
Regulation: Regulated by Russian FFMS.
Payment options: Moneybookers, wire transfer, credit cards, Liberty Reserve, WebMoney and RuPay
Minimum account size: $1
Minimum lot size: 0.01
Leverage: from 1:1 to 1:500
Spreads: 3 pips on EUR/USD
Advantages:

MetaTrader 4 trading platform
6% interest rate on deposit
Flexible leverage
Wide range of funding options
Islamic (no interest) accounts available
Rich bonus system
Disadvantages:

No important disadvantages
Click here to open an account with InstaForex

FxCompany — Forex Broker

FxCompany:

Company: FxCompany Ltd
On-line since: 2006
Country of origin: Mauritius
Regulation: Is a licensed provider of investment adviser services and regulated by FSC (Financial Services Commission) of Mauritius. License no. C109007280, issued on 25.03.2009.
Payment options: Wire transfer, WebMoney, Moneybookers and Liberty Reserve
Minimum account size: $100
Minimum lot size: 0.1 lot
Leverage: from 1:1 to 1:500
Spreads: 0.8 pip on EUR/USD
Advantages:

MetaTrader broker
Informative website
Contests of traders
Forex, futures, CFD, metals and oil trading instruments
Muslim-friendly accounts without overnight swaps
Disadvantages:

No important disadvantages
Click here to open an account with FxCompany

eToro — Forex Broker

eToro:
Company: eToro Inc.
On-line since: 2007
Country of origin: Cyprus
Regulation: Registered member of NFA (ID: 0382918).
Payment options: Moneybookers, WebMoney, bank wire, credit cards, PayPal and Neteller
Minimum account size: $50
Minimum lot size: 0.1 lot
Leverage: 1:100, 1:200 and 1:400
Spreads: 2 pips on EUR/USD
Advantages:

Newbie friendly platform
Web-based trading platform also available
Innovative approach to Forex
Great user support
Muslim-friendly accounts are available
Variety of electronic payment systems for funds transfers
Bonuses on deposit
Free courses for the real account traders
Disadvantages:

No MetaTrader software support
Click here to open an account with eToro

Ava FX — Forex Broker

Ava FX:

Company: Ava FX
On-line since: 2006
Country of origin: British Virgin Islands
Regulation: Unregulated
Payment options: WebMoney, PayPal, Moneybookers, Western Union, e-gold, credit cards and bank wire
Minimum account size: $100
Minimum lot size: 0.1 lot
Leverage: 1:200
Spreads: 3 pips on EUR/USD
Advantages:

Variety of billing options available
CFD, Forex, metals and oil trading
Disadvantages:

No Metatrader 4 software support
Click here to open an account with Ava FX

LiteForex — Forex Broker

LiteForex:

Company: Straighthold Investment Group Inc.
On-line since: 2004
Country of origin: Cyprus
Regulation: Unregulated
Payment options: WebMoney, Moneybookers, Liberty Reserve and AlertPay.
Minimum account size: $1
Minimum lot size: 0.001 lot
Leverage: from 1:50 to 1:500
Spreads: 3 pips on EUR/USD
Advantages:

Metatrader Forex broker
WebMoney deposit/withdraw method
Very low minimum deposit to start trading
Disadvantages:

No important disadvantages
Click here to open an account with LiteForex

Finexo — Forex Broker

Finexo:

Company: Finexo Global Investments Ltd.
On-line since: 2004
Country of origin: Cyprus
Regulation: Regulated by German authority BaFin.
Payment options: Credit cards, wire transfer, PayPal, Moneybookers, Liberty Reserve, e-Bullion
Minimum account size: $100
Minimum lot size: 0.1 lot
Leverage: 1:100
Spreads: 2 pips on EUR/USD
Advantages:

Browser based trading platform
Disadvantages:

No Metatrader 4 software support
Click here to open an account with Finexo

Forex WebTrader — Forex Broker

Forex WebTrader:

Company: Finexo Global Investments Ltd.
On-line since: 2007
Country of origin: Cyprus
Regulation: Unregulated
Payment options: Credit cards, wire transfer, PayPal, Moneybookers, Liberty Reserve, e-Bullion
Minimum account size: $25
Minimum lot size: 0.01 lot
Leverage: 1:100
Spreads: 3 pips on EUR/USD
Advantages:

Web based Forex trading platform
Regular trader contests
Disadvantages:

No Metatrader 4 software support
No contact phone available
Click here to open an account with Forex WebTrader

IG Markets — Forex Broker

IG Markets:

Company: IG Group
On-line since: 2001
Country of origin: United Kingdom
Regulation: Regulated by the Financial Services Authority (FSA) and a member of the London Stock Exchange (LSE).
Payment options: Wire transfer, checks, credit cards and Moneybookers
Minimum account size: $200
Minimum lot size: 0.1 lot
Leverage: up to 1:50
Spreads: 3 pips on EUR/USD
Advantages:

Solid financial company
Web based trading platform
CFD and metals trading is available
Disadvantages:

No Metatrader 4 software support
Low leverage - 1:50
Click here to open an account with IG Markets

GCI Financial — Forex Broker

GCI Financial:

Company: GCI Financial Ltd.
On-line since: 2002
Country of origin: Belize
Regulation: Registered by International Financial Services Commission of Belize.
Payment options: Wire transfer, credit cards, PayPal, Moneybookers, WebMoney and check
Minimum account size: $2,000
Minimum lot size: 0.1 lot
Leverage: up to 1:200
Spreads: 3 pips on EUR/USD
Advantages:

Indexes and CFD trading available
Muslim-friendly Forex broker
MetaTrader 4 trading platform
Web-based platform
Disadvantages:

No important disadvantages
Click here to open an account with GCI Financial

DeltaStock — Forex Broker

DeltaStock:

Company: Deltastock Inc.
On-line since: 2001
Country of origin: Bulgaria
Regulation: Regulated by the Financial Supervision Commission and the Bulgarian National Bank.
Payment options: Wire transfer, credit card and Moneybookers
Minimum account size: $100
Minimum lot size: 0.01 lot
Leverage: up to 1:200
Spreads: variable from 0.1 pip and fixed 2 pip spread on EUR/USD
Advantages:

Supports MetaTrader platform through MetaTrader Bridge
CFD, metals, commodities and Bulgarian stocks trading is available
Both stand-alone and browser platforms are available
Both variable and fixed spreads are available
Regular trading contests
Disadvantages:

Opening an account is a complicated process
Click here to open an account with DeltaStock

Forex-Metal — Forex Broker

Forex-Metal:

Company: Forex-Metal
On-line since: 2007
Country of origin: Panama/Uruguay
Regulation: Ministry of Commerce of Panama and Finance Ministry of Uruguay
Payment options: Wire transfer, WebMoney, Moneybookers, SolidTrustPay, Pecunix, Liberty Reserve, c-gold and Technocash
Minimum account size: $1
Minimum lot size: 0.01 lot
Leverage: from 1:50 to 1:500
Spreads: 2 pips on EUR/USD
Advantages:

MetaTrader 4 Forex broker that accepts Moneybookers billing
Bonus debit card with $100 on account opening
Muslim-friendly accounts are available
Rebates for traders
Disadvantages:

No important disadvantages
Click here to open an account with Forex-Metal

FX|Clearing — Forex Broker

FX|Clearing:

Company: FX Clearing Group
On-line since: 2007
Country of origin: Canada
Regulation: Regulated by Canadian FINTRAC.
Payment options: Moneybookers, PayPal and wire transfer
Minimum account size: $10
Minimum lot size: 0.01 lot
Leverage: 1:50, 1:200, 1:400 and 1:500
Spreads: 1-2 pips on EUR/USD
Advantages:

MetaTrader 4 platform
Tight spreads
No swaps for mini- and micro-accounts
Disadvantages:

U.S. and Canadian citizens are not allowed to join
Click here to open an account with FX|Clearing

BroCo — Forex Broker

BroCo:

Company: BroCo Investments Inc.
On-line since: 2003
Country of origin: Mauritius
Regulation: Licensed by the Financial Services Commission of Mauritius.
Payment options: Moneybookers, WebMoney, credit cards and wire transfer
Minimum account size: $10
Minimum lot size: 0.01 lot
Leverage: up to 1:200
Spreads: 2 pips on EUR/USD
Advantages:

MetaTrader 4 platform
Asset management services
Various traders' contests
Disadvantages:

Opening a trading account isn't an easy process
Click here to open an account with BroCo

Forex Place — Forex Broker

Forex Place:

Company: Forex Place Ltd.
On-line since: 2009
Country of origin: British Virgin Islands
Regulation: Unregulated
Payment options: Credit card, wire transfer, Moneybookers, Neteller and EcoCard
Minimum account size: $100
Minimum lot size: 0.01 lots
Leverage: 1:300
Spreads: 3 pips on EUR/USD
Advantages:

MetaTrader 4 platform
Trader bonuses
Forex trading education
Islamic trading accounts are available
Disadvantages:

Spreads are relatively high
Click here to open an account with Forex Place

FXM Financial Group — Forex Broker

FXM Financial Group:

Company: FXM Financial Group Inc.
On-line since: 2007
Country of origin: Costa Rica
Regulation: Regulated by the German bank vPE WertpapierhandelsBank AG
Payment options: PayPal, wire transfer, WebMoney, credit cards, Moneybookers
Minimum account size: $10
Minimum lot size: 0.01 lots
Leverage: from 1:20 to 1:400
Spreads: 2 pips on EUR/USD
Advantages:

MetaTrader 4 platform
Muslim-friendly accounts are available
Disadvantages:

No important disadvantages
Click here to open an account with FXM Financial Group

UFXBank — Forex Broker

UFXBank:

Company: UFXBank
On-line since: 2009
Country of origin: United Kingdom
Regulation: Unregulated
Payment options: PayPal, Moneybookers, WebMoney, Neteller, Western Union, credit cards and wire transfer
Minimum account size: $500
Minimum lot size: 0.05 lot
Leverage: 1:200
Spreads: 2-4 pips on EUR/USD
Advantages:

Browser-based trading platform
Disadvantages:

Demo account only after speaking with the manager
Browser-based trading platform
Relatively high spreads
Click here to open an account with UFXBank

MoneyRain — Forex Broker

MoneyRain:

Company: Money Rain Corporation
On-line since: 2006
Country of origin: Austria
Regulation: Licensed by FCSM (Russian Federation, license number: 078-10332-100000).
Payment options: Moneybookers, bank transfer, scratch-card, WebMoney, RBK Money and credit card
Minimum account size: $100
Minimum lot size: 0.1 lot
Leverage: 1:100
Spreads: 1-3 pips on EUR/USD
Advantages:

MetaTrader 4 platform
Interest rate paid on trading account balance
Disadvantages:

No important disadvantages
Click here to open an account with MoneyRain

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