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.

WebMoney Forex Brokers

Posted by makemoneyus | 12:42 AM

A list of Forex brokers that offer WebMoney electronic payment system as the method to deposit/withdraw funds to/from trading account. WebMoney Forex brokers allow their customers to use this secure, fast and low commission e-currency system to make customers' Forex experience less burdened with secondary matters.

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

Forex4you — Forex Broker

Forex4you:

Company: E-Global Trade & Finance Group, Inc.
On-line since: 2007
Country of origin: United Kingdom
Regulation: Unregulated
Payment options: WebMoney, Liberty Reserve, e-gold, credit cards and bank wire
Minimum account size: $1
Minimum lot size: 0.0001 lots
Leverage: up to 1:500
Spreads: 2 pips on EUR/USD
Advantages:

MetaTrader 4 platform
Interest rate on account balance
Muslim-friendly accounts with no overnight interest
Extremely low minimum account size and trade amount
Disadvantages:

No important disadvantages
Click here to open an account with Forex4you

FXOpen — Forex Broker

FXOpen:

Company: FXOpen Investments Inc.
On-line since: 2005
Country of origin: Mauritius
Regulation: Regulated by Financial Service Commission (FSC) of Mauritius.
Payment options: Liberty Reserve, WebMoney, CashU, E-Bullion, e-gold and wire transfer
Minimum account size: $1
Minimum lot size: 0.001 lot
Leverage: from 1:1 to 1:500
Spreads: 2 pips on EUR/USD
Advantages:

MetaTrader 4 Forex broker
ECN Forex broker
Traders contests and competitions
Bonus for real trader account opening
Muslim Forex broker - no-overnight interest accounts
WebMoney funds deposit/withdraw option
Futures trading is available
Start trading with as little as $1
Disadvantages:

No important disadvantages
Click here to open an account with FXOpen

MasterForex — Forex Broker

MasterForex:

Company: Beaverhead Financial Inc.
On-line since: 2006
Country of origin: Russia
Regulation: Unregulated
Payment options: PayPal, Wire transfer, WebMoney and Liberty Reserve
Minimum account size: $1
Minimum lot size: 0.001 lot
Leverage: up to 1:500
Spreads: 2 pips on EUR/USD
Advantages:

MetaTrader 4 trading platform
Trading from $1
Muslim-friendly Forex accounts
WebMoney and Liberty Reserve deposit/withdrawal options
Disadvantages:

No important disadvantages
Click here to open an account with MasterForex

FXcast — Forex Broker

FXcast:

Company: FXcast
On-line since: 2005
Country of origin: Antigua and Barbuda
Regulation: Unregulated
Payment options: WebMoney, E-Dinar, c-gold, Liberty Reserve, StrictPay, AlertPay, Solidtrustpay, NPS (China), Alipay (China), wire transfer and credit cards
Minimum account size: $10
Minimum lot size: 0.01 lot
Leverage: from 1:25 to 1:400
Spreads: 3 pips on EUR/USD
Advantages:

Metatrader 4 Forex broker
WebMoney, e-Bullion, E-Dinar, c-gold, Liberty Reserve and wire transfer deposit/withdraw options
Leverage from 1:25 to 1:400
Muslim friendly Forex broker
Disadvantages:

No important disadvantages
Click here to open an account with FXcast

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

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

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

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

Marketiva — Forex Broker

Marketiva:

Company: Marketiva Corporation
On-line since: 2005
Country of origin: British Virgin Islands
Regulation: Incorporated as an international business corporation in British Virgin Islands with registration number IBC CAP. 291 Reg. # 646819. Marketiva Corporation is under jurisdiction of the Financial Services Commission (FSC) and conforms with its regulations and internationally accepted supervisory and regulatory standards.
Payment options: WebMoney, e-Bullion, E-Dinar, Liberty Reserve and wire transfer
Minimum account size: $1
Minimum lot size: 0.001 lot
Leverage: 1:100
Spreads: 2 pips on EUR/USD
Advantages:

Client program with a user-friendly interface
Great support chat
Fast order execution
No limit on trade size
No overnight interest
Liberty Reserve, E-bullion, E-Dinar and WebMoney billing options
Investment funds shares available
World indexes and precious metals trading
Disadvantages:

No MetaTrader 4 software support
U.S. citizens can't open accounts
$7 withdrawal fee (only first withdrawal)
Muslim Forex broker - no overnight interest
No contact phone/fax numbers
Click here to open an account with Marketiva

IFC Markets — Forex Broker

IFC Markets:

Company: IFC Markets Corp.
On-line since: 2006
Country of origin: British Virgin Islands
Regulation: Incorporated in British Virgin Islands with registration number IBC CAP. 291 Reg. #669838 and is under jurisdiction of the Financial Services Commission (FSC).
Payment options: WebMoney, Liberty Reserve, bank wire, credit cards and CashU
Minimum account size: $1
Minimum lot size: 0.001 lot
Leverage: 1:100
Spreads: 2 pips on EUR/USD
Advantages:

WebMoney deposit option
Only $1 to start trading
Disadvantages:

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

FXDD — Forex Broker

FXDD:

Company: FXDD
On-line since: 2002
Country of origin: USA
Regulation: Unregulated
Payment options: WebMoney, bank wire, check, PayPal and BPS
Minimum account size: $500
Minimum lot size: 0.1 lot
Leverage: 1:100 and 1:200
Spreads: 2 pips on EUR/USD
Advantages:

Metatrader Forex broker
Two custom platforms are also available
Disadvantages:

No important disadvantages
Click here to open an account with FXDD

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

FXD24 — Forex Broker

FXD24:

Company: FX direct S.A.
On-line since: 2007
Country of origin: Switzerland
Regulation: Unregulated
Payment options: Wire transfer, CG Pay, credit card, WebMoney, Liberty Reserve, c-Gold, e-dinar and e-Bullion.
Minimum account size: $250
Minimum lot size: 0.1 lots
Leverage: from 1:20 to 1:400
Spreads: 2 pips on EUR/USD
Advantages:

MetaTrader 4 trading platform
Variety of deposit/withdrawal methods
Disadvantages:

No important disadvantages
Click here to open an account with FXD24

Admiral Markets — Forex Broker

Admiral Markets:

Company: Admiral Markets Ltd
On-line since: 2002
Country of origin: Russia
Regulation: Unregulated
Payment options: WebMoney, wire transfer
Minimum account size: $10
Minimum lot size: 0.01 lot
Leverage: 1:10, 1:50, 1:100 and 1:200
Spreads: 2 pips on EUR/USD
Advantages:

MetaTrader 4 platform
Demo contests
Forex, CFD and futures trading
Disadvantages:

No important disadvantages
Click here to open an account with Admiral Markets

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

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

Alma Forex — Forex Broker

Alma Forex:

Company: Alma Forex
On-line since: 2008
Country of origin: Seychelles
Regulation: Registered in the Republic of Seychelles (registration number is 053400).
Payment options: WebMoney, AlertPay, Liberty Reserve, credit cards and wire transfer
Minimum account size: $1
Minimum lot size: 0.001 lot
Leverage: from 1:50 to 1:500
Spreads: 1-2 pips on EUR/USD
Advantages:

MetaTrader 4 platform
Muslim-friendly accounts with no overnight interest
Extremely low minimum account size and trade amount
Spread is as low as 1 pip for accounts starting with $100
Disadvantages:

Don't allow trading with EAs
Click here to open an account with Alma Forex

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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