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Daily Technical Analysis by FxGrow

08 May 2015

Dear Forum Members!

Here you can find Daily Technical Analysis  of Major Currencies.

We hope that this information will be helpful for your trading.

Best Regards
FxGrow Support


Terms used in our Analysis

RSI (14) - Relative strength index 14 days Time frame
MACD (12, 26) - Moving Average Convergence Divergence 12 day EMA - 26 day EMA
EMA - Exponential moving average
ADX (14) - Average Directional Index 14 days
ATR (14) - Average True Range 14 days
SMA - Simple Moving Average
MA x - Moving Average where x is the number of days
STOCH RSI (14) - Stochastic RSI 14 days
William %R - Momentum Indicator
CCI(14) - Commodity Channel Index
ROC - Rate of Change


  209 Views · 117 Replies ( Last reply by FxGrow Support )


Forex Demo Contest, MT4, Prize $500, Join Now!

01 Aug 2011

"First Deposit" Contest is held for those who want to get their first real deposit and start trading on real money.

Join Now!

The prize for the first place is $500.

The participation in the contest is free.
Trading platform: MT4

The first 10 places will receive prizes. The size of the prize depends on the entrant’s place on the list of winners.

At the start of the contest, each participant will get $5000 in his contest account. The rules of the contest are simple: You need to increase your deposit and earn more than others.

If you take part in the contest, you will get the chance to receive a 20% “First Deposit” contest bonus. Get your bonus!

You can find the full information about the contest here
Profiforex Corp.

  244 Views · 4 Replies ( Last reply by Bryan Robson )


Benefits of Offshore Investment

01 Jun 2011

Offshore investments have become a popular way of investing in recent times. With the looming recession and glut happening in the world economy, offshore investment offers a great deal of investment security . Opening an offshore account has become incredibly easy. As opposed to the popular belief, offshore banking is not restricted to high profile and wealthy individuals. It can be easily accessed by normal individuals as well. This is considering the whole league of advantages that follow such investments. Some of the advantages of offshore investment include:

• Reduction in Taxes: The countries providing offshore investment favor foreign funds. As such they give away tax incentive to the investors.
• The offshore locations favor such foreign investment. They do this by giving tax incentives to the investors. The taxes applicable in these locations are much less and therefore, favorable to the investors. The taxes applicable are generally lesser than that applicable in the investor’s home country.
• There is a great deal of asset protection involved in these offshore investments. By transferring some of the assets to an offshore location, one can escape foreclosing outstanding debts or lawsuits.
• Secrecy: The offshore investment buys a great amount of confidentiality. However the offshore investment does not encourage any illegal activities.
• Another important advantage of an offshore investment is the diversification of investments. The offshore investment offers more diverse investment opportunities than the local market. This is especially true in case of developing economies and for those countries that are beginning to privatize the sectors which were earlier under government control.

  282 Views · 5 Replies ( Last reply by Bryan Robson )

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