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Update 18 December 2013
December 17, 2013
Hi

Whats been happening

Welcome to brainyforex newsletter update

Alexander's EA "Forex Kinetics" is going well. In 145 days of testing it is showing a 39% profit after 51 trades. Each month has been profitable. This month is showing a small loss to date.

As can been seen on the trading statement shown on the testing page it buys and sells within minutes, which means that only the very best forex broker and VPS setup should be used. This automated trading system will NOT work through most brokers. It's essential to use o or close to zero spread brokers along with a nearby VPS provider with fast latency.

There are now good live charts on brainyforex. Look on the top left side of the navigation bar on the site. You will notice that DXYO, the dollar index is included which assists in working out the direction of currencies paired to the US dollar. (Compare EUR/USD with DXYO). The compare feature is on the top of the chart.

The good thing about these charts is that they include the larger time frames like Quarterly & Yearly. (Price moving above or below these larger time frames generally show that price is very bullish or very bearish). Pity that Metatraders highest time frame is only the monthly chart.

An interesting radio interview between Michael Covel and Larry Williams (Veteran Trader) is available on the trend following radio network. Look for the link near the bottom of this page here http://www.brainyforex.com/forex-trading-strategies.html

Till next time

Regards

Fritz Gewerth
www.brainyforex.com

PS - Spread the word about brainyforex.com. "Blowing the lid off scammers!"

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