6 Month Low for AUD/USD – Time to Purchase TraderXL Pro

I am 3 days into my trial of TraderXL pro and it has impressed me so much that I have decided to take the plunge and buy it. I only wish I had purchased it earlier due to the decline of the Australian dollar as you can see below:

AUD/USD 6 Month Low

As you can see this is quite a substantial fall, this means that all my USD purchases will be more expensive. Bloomberg has an article on the dollars slide ahead of the release of the Reserve Bank of Australia’s quarterly monetary statement. As you can see from the order screen below TraderXL is not as cheap as it was last week due to the Australian dollar decline.

BuyTraderXL

Not to worry I guess sometimes you have to spend money to make money. I am really looking forward to testing ClassifierXL and PredictorXL as the trial version of TraderXL Pro these applications are disabled. After all the order details are entered you will be emailed a link to download the software and will be issued a licence key. I received my email within 20 minutes and downloaded the application, it is a small 5.75 MB. I am off to continue reviewing this series of applications.

You can download a free 10 day trial of TraderXL Pro.

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The Real Value of the Dollar, Yen and Euro

Currency Dollar, Yen, EuroThese images are taken from and advertising campaign for the Gazeta Mercantil newspaper. The print campaign was undertaken by JWT and depicts historical events on the Dollar, Yen and Euro notes. It is extremely well laid out and striking. These images are shown below: (Click on the Image for a detailed view)
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Keep track of time when trading around news announcements

Timing I am sure everyone is aware how crucial timing is. In the foreign currency or FOREX market it becomes even more important. If you haven’t already read my article on The best trading times in the 24 hour Forex market I would advise you to take a look.Depending on your trading style it is also important to know the timing of news announcements and the currency’s they will likely effect. The two best free resources I have found for economic based news announcements are:

Forex Factory Calendar- This is one of the best free calendars around, previous result and forecast result are shown as well as a link to the page were the news announcement will be posted. The Forex Factory Calendar also allows you to alter the time zone settings to display what time a news announcement will occur in your region which is handy if you don’t have a program like ZoneTick. Forex Factory Calendar also allows you to setup email alerts for news events. (more…)

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