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Type: Posts; User: jvoron

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  1. I was expecting a move south after the double top...

    I was expecting a move south after the double top around 1.1670 but it's clearly stuck in a sideways consolidation for now. We'll see how it develops next week.
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    I think before checking even the demo platform it...

    I think before checking even the demo platform it is important to figure out whether the broker is properly regulated. If it is not, working with it is likely risky and it's best to avoid that.
  3. It formed a double top around 1.1670, I think it...

    It formed a double top around 1.1670, I think it will likely drop again as part of the correction.
  4. The move north is continuing for now, I think it...

    The move north is continuing for now, I think it may reach 1.1670. Let's see if it will form a double top at that level.
  5. It climbed to 1.1670 and pulled back from that...

    It climbed to 1.1670 and pulled back from that level, although I doubt the correction would be this shallow.
  6. I think the other thing to look for is regulation...

    I think the other thing to look for is regulation - pick brokers that are properly regulated to be sure they would be honest you, that way you won't lose money to shady broker practices.
  7. It's forming a correction at the moment, I think...

    It's forming a correction at the moment, I think next target would be around 1.1630.
  8. Hopefully, next week the move south will continue.

    Hopefully, next week the move south will continue.
  9. Let's see how it will develop next week.

    Let's see how it will develop next week.
  10. It's consolidating after the big drop, but I...

    It's consolidating after the big drop, but I doubt we will see any big changes this week before the market closes.
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    Licensed brokers are certainly much safer...

    Licensed brokers are certainly much safer than unregulated companies, so it is always prudent to stick to the former, not the latter.
  12. It bounced off from 1.1525 and we may see some...

    It bounced off from 1.1525 and we may see some correction, but I think it remains bearish for now.
  13. It found some support at 1.1520, but I think...

    It found some support at 1.1520, but I think after some correction it will keep falling. It has broken below every major support so far and the way down is clear.
  14. As I thought, the move south continues, there...

    As I thought, the move south continues, there wasn't even a retracement before that. Next target, I think, is around 1.1500, but it will likely break out below that level too.
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    I agree, the best broker to use would always be...

    I agree, the best broker to use would always be one with a proper license. The rest are not particularly reliable.
  16. It's consolidating around 1.1560 at the moment...

    It's consolidating around 1.1560 at the moment but I think we'll see another depreciation this week, possibly after some retracement.
  17. Let's see how it will develop next week.

    Let's see how it will develop next week.
  18. Even though it found some support at 1.1550, I...

    Even though it found some support at 1.1550, I think that next week we will see it depreciate further.
  19. It remains quite bearish, although I doubt we...

    It remains quite bearish, although I doubt we will see it break out below that level this week.
  20. Thread: Choosing broker

    by jvoron
    Replies
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    89

    The first thing I look for when I am picking a...

    The first thing I look for when I am picking a broker is the license. I check whether the license is valid and whether it was issued by a regulator with a decent reputation. I don't bother with the...
  21. The pair remains very bearish today, I think we...

    The pair remains very bearish today, I think we will see it drop to 1.1500 eventually, although it may not happen this week.
  22. It remains very bearish. I think it will soon...

    It remains very bearish. I think it will soon depreciate further to 1.1500.
  23. It's consolidating around 1.1600, so far it's...

    It's consolidating around 1.1600, so far it's quite undecided. That said, I do think we'll be seeing a correction to the upside.
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    I agree, it's important to research one's broker...

    I agree, it's important to research one's broker before committing to then. Information is widely available as regulators are very public with their warnings about unreliable brokers.
  25. It found some support at 1.1560 and bounced off...

    It found some support at 1.1560 and bounced off from it. After such a drop some correction is expected, but I think it remains bearish in the long-term.
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