Real Time Forex Trading By WhyLose.com.
Automated Forex Trading +39 0108566278
Automated Forex Trading +39 0108566278
I found this great tidbit of info this morning. The past 4 highs in the EUR/USD have occurred within 2 days of an FOMC meeting. The sell-off after-wards has been sharp, leading me to wonder whether today’s reversal is foreshadowing a larger decline ahead.
Click on the chart for a zoomed in view
Source: Bloomberg
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If you are considering a Managed Forex Account and your domicile is in the European Union or the company - introducing broker or direct broker who holds your funds is in the EU - then this is really worth reading. If the company does not carry out the compliance procedures as outlined there then they are probably acting illegally and may be guilty of a criminal offence.
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