Click here to visit eToro

As the price of oil is affected by the strength of the US dollar, and as the dollar made modest headway against the euro during Monday’s trading sessions the price of crude oil has fallen. However, traders at eToro and the world’s other Forex markets saw limited trading thanks to bank holidays in both the US and UK.

During Monday’s trading session on London’s ICE futures exchange Brent crude was trading at $114.68 a barrel, down by 0.3 per cent or 35 cents, while prices at the New York Mercantile Exchange were trading down by 43 cents or 0.4 per cent at $100.16 per barrel. Next week there’s to be a meeting of the Organization of Petroleum Exporting Countries, who are facing mounting pressure, from oil consuming countries such as Japan, to increase supply to help reduce prices.

Read the rest of this entry »

Click here to visit ForexYard

Renewed Greek debt worries scared off Forex traders from buying euros at many of the world’s Forex trading markets and sites, such as ForexYard, during Wednesday’s London and New York trading sessions. The euro suffered broadly against the majority of other currencies including the Swiss franc, which hit record highs against its Eurozone counterpart.

It is now looking more and more unlikely that Greece will be able to meet their original debt repayment schedule, with the Greece’s government considering making a request to restructure the repayment agreement. Many market analysts and insiders believe that the shadow of uncertainty hanging over Greece is the main reason for the euro’s recent poor performance. However, it is widely believed that even if the Greece situation worsens it wouldn’t be disastrous for the single European currency.

Read the rest of this entry »

Click here to visit eToro

eToro is widely considered to be the best place for new Forex traders to learn their skills thanks to; a two-mode trading platform that offers a ‘visual’ version for beginners and a version for experienced Forex traders, the OpenBook that offers new traders an insight into other traders positions and deals and demo account that allow traders who are new to this fast –paced world to try before they buy! Now, to offer further assistance to new traders there’s a brand new Forex education centre at eToro that offers a huge range of courses and advice.

The Forex education centre at eToro is packed full of training courses, strategy guides, in-depth explanations and much more. However, the education centre isn’t exclusively for new Forex traders at eToro. There are advanced courses that are as beneficial to time-served traders as the beginners’ course are to novices. You will find everything from a glossary of terms to advanced theories and profit strategies in the education centre, so no matter what type of trader you are and how much experience you have eToro will be able to offer you further trading wisdom.

Read the rest of this entry »