Brokers Minutes

• "EURUSD has been trending lower on the short-term time frames, with a potential retracement opportunity presenting itself on the 4-hour chart. Price previously broke below support around 1.0850-1.0900 before dipping close to the 1.0700 handle then pulling back.
• Using the Fibonacci retracement tool on the latest swing high and low shows that the 50-61.8% levels line up with the broken support zone. This might hold as resistance since it is also close to the dynamic inflection points at the moving averages."
• "In addition, the 100 SMA is below the 200 SMA so the selloff is likely to carry on. Stochastic and RSI are both indicating overbought conditions, which means that buying pressure is already exhausted and that sellers might take over, pushing EURUSD back to the 1.0700 area or much lower."
• "Data from the US economy came in mixed yesterday, as the ADP non-farm employment change report surprised to the upside while the ISM non-manufacturing PMI fell short of expectations. The FOMC minutes confirmed that members were seeing improvements in the labor market but were still uncertain about inflationary prospects."
• "As for the euro zone, services PMI readings also came in mixed but the strong figures were enough to inspire profit-taking off the euro short positions. German factory orders and retail sales are up for release today, with the former expected to show a 0.1% uptick and the latter likely to post a 0.5% gain.
• "Only the initial jobless claims report is due from the US today, with traders likely holding out for the NFP report due tomorrow. A 203K increase in hiring is eyed, although market watchers might pay closer attention to the average hourly earnings figure, which might indicate a 0.2% gain."

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Forex trading is becoming more and more popular these days. New strategies have been developed to trade in the forex market. To guide and help in the set up of your next forex market trading, managed forex accounts was introduced. Nowadays people are becoming more curious about it, as it is providing great assistance to traders. In just a short period of time the demand has increased.

In the foreign exchange currency market, the sun never goes down. It feels like every little piece of world news makes forex fortunes rise and fall, as the forex market is active five days a week, Monday to Friday, 24 hours a day. There are many people who at first try to find an experienced discipline broker and have them create a managed forex account and then try to manage the accounts on their own.

For both experienced and non experienced traders, using a managed forex account is a perfect solution. If you want to play a superior role in the control of your own personal finances, this is for you.

While looking for a brokerage for your managed forex account, try to hire a brokerage house whose sales team has enough experience and has worked with the larger names in the industry.

Another thing you should consider while choosing a forex account manager is a company that has experienced staff of brokers who write articles related to the forex market. These people will definitely know a bit better than others about the forex market.Also, they have a reputation to maintain as a forex trader.

Senior management
The traders who are new in the forex market have a lot of energy that may make them follow a trading strategy that is aggressive. In order to develop a more disciplined approach in their trading style, the freshers can be combined along with the senior traders who are experienced. In this process, the senior can give advice to the freshers to be more disciplined in their trading approach. This combination of experience and enthusiasm makes a managed forex account more profitable.

The main purpose of a managed forex account is the reduction of risk. It will be fruitful,if you take decisions after knowing the experience of everybody in the team.

Memberships
When you are choosing a clearing a firm for your managed forex account, always ensure that the clearing firm is a member of the National Futures Assotiation, the Commodity Futures Trading Commission, and the FSA. Try to know if the clearing firm has enough cash on hand and should be able to clear millions.

How managed accounts work
If you want to open a managed forex account, first you have to add money to your account, then you have to assign trading responsibility by signing and conveying a limited power of attorney to the trader. The trader takes 30% of all profits made on your behalf after making all the trades for you. You get the rest 70% of all traded funds. This kind of compensation system works as a great motivator for your trader to do better work for you in future.

This post is sponsored by Fibo Group (www.fibogroup.com ).

Security of funds
5StarsForex Ltd has the obligation under international Investment law to protect client interests. As a result, the Company has taken all necessary measures to protect client funds:



security-of-funds
Client funds are received in the company's fiduciary segregated client bank accounts. These funds are off balance sheet and cannot be used to pay back creditors in the unlikely event of default of the Company.

Bank accounts
The Company maintains operational and client bank accounts with reputable international banking institutions.

Supervision

Investment firms are obliged to meet strict financial standards, including capital adequacy requirements. 5StarsForex Ltd maintains sufficient liquid capital to cover all client deposits, potential fluctuations in the company’s currency positions and outstanding expenses. A detailed annual audit performed by an independent auditor points out any deficiencies.

Risk Management
The Company continually identifies, assesses, monitors and controls each type of risk associated with its operations. More specifically, when managing risks, the responsibilities of Senior Management are as follows:

OAssess on a continuous basis the effectiveness of the policies, arrangements and procedures in place;
Decide on the Company’s risk bearing capability and strategy;
Review the Risk Assessment Report carried out by the Risk Management Department and take appropriate action where necessary; and
Ensure that the Company has the ability to cover its financial needs and capital requirement at any time.

Link: 5Stars Forex Ltd

Dragons.tl: Smoking Cigars Could Bring You Bitcoin Rewards

Renowned MMORPG casino Dragons.tl brings players yet another unusually entertaining and interactive game — called Cigar Smoking.

The game, according to Dragons.tl, is made for players who wish to celebrate their winning jackpots at the casino by going to a bar and buying cigars. And when these royal players smokes the cigar, others standing nearby also gets to win some monetary reward just by sniffing the smoke of the cigar.

Players looking towards taking advantages of these “whiffs” can also look for signs on the island that guide them right to the smoker. According to the Dragons.tl’s dedicated wiki page, players should look for the following chat signs while looking for cigar smokers: cigar, whiffs, and smoking (e.g. thanks for smoking).

The game is so realistic that it expects players to react like real persons. For instance: the smoker might not like of players stand too close to him; he might also not rewards players with his whiffs if they happen to be gatecrashing his private party. Dragons.tl explained further:

“Sometimes, a player will have a private cigar party where only friends are invited (i.e. there’s no announcement in public chat that there will be a party). It’s considered very rude to “crash” a private party. If you happen across a private cigar party, you should leave immediately.”
The same game also offers players the opportunities to win real cigars.

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Making money with Bitcoin casino Dragons.tl has become easy and exciting at the same time as this organization has brought in ‘The Great Wall’, a luck game for players. The game according to the Bitcoin casino offers players several opportunities to earn Bitcoin stipends. What all the players need to do is create and hang paintings on walls that are erected at different locations in the virtual island.
Elaborating the exclusive game, the Bitcoin casino informs that when players are playing they are allowed to put up to five paintings on a single segment of the wall. The number of stipends depends or based on the number of paintings created. Nonetheless, more painting the player creates more number of stipends he or she is going to earn.
Thus, very much like any other casino game it is about skill and the presence of mind that is going to determine the level of success and payouts.

Attractive and Swift Payouts

Regarding the offer available for players, the Bitcoin casino elaborates that there is a chance for players where they may paint Mongolians instead and when they create a painting consisting of Mongolians, the rest of the paintings they placed on ‘The Great Wall’ also turn to the painting of the Mongolians.

Apart from ‘the Great Wall’, this Bitcoin casino also brings exclusive offers for players. For instance, it has brought in the games that require plenty of luck and skill from players to perform well to fetch attractive returns large Bitcoin rewards. Nonetheless, the Bitcoin casino offers all these online games with complete transparency.

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Dragon’s Tale Brings Some Exciting Games for Bitcoin Casino Players

Bitcoin has been catching the attention among the casinos as it fits the requirements like payment is done instantly and no restrictions of the national currencies. When Dragon’s Tale, a home to games like any other casinos, started accepting Bitcoin, a lot of players felt that it was the one that they have been waiting for long.

Here players won’t find a craps table, roulette wheel, or black jack dealer like in other online gaming sites; rather, they will get the opportunities to discover a persistent 3D world filled with original games designed to attract casino gamblers and MMORPG players alike. Needless to say majority of the games in Dragon’s Tale are simple as a slot machine.
On the other hand, rest other games require deep thought and skill. Several reviews from players claim that it not just brings solo games but also brings unique player versus player games so patrons can stack their wits against others. Players can scroll the mouse over a game icon to view a short description, or visit the Dragon’s Tale Wiki to get a more in depth look.

Some Popular Bitcoin Games

Pig Farm: Describing this game, the official website of Dragon’s Tale says that here the players need to feed the pigs. These pigs are typical as they like to eat donuts and candies. Interestingly, if the players feed these pigs a lot of these, they gain weight and in consequence they die and it is where the profits come.
Here the typical task for players is to feed these pigs and let them die from obesity as more the number of dead pigs, more the Bitcoin for players.

Sheep Tug: This is another interesting Bitcoin casino game where the players get to make points to win Bitcoin. There are a lot of sheep in the farm, the players have access to explosives that they can use to scare the sheep and take them to the other end of the farm. Once the task is done, the players win the digital currency.


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Betting your Bitcoin to make more Bitcoin has never been as easy before as Dragon’s Tale launched ‘Treefalls’ a 95% luck game. Here betting just 1 btm, players can gain attractive returns as there are different trees having different pay-tables and thus make varied amounts. This is exciting and exclusively designed for players who trust their luck.

Elaborating the features, the Wiki page of the Bitcoin casino claims that every week, one species of tree starts to pay 105% for bets of 1 btm or more, while three species start to pay only 85% when players are playing ‘Treefalls’. However, the people behind the casino are quite optimistic as they also claim that the hunches are often real.

A Pure Luck Based Casino Game

Though there is nothing new in the claim that it is a pure luck game as most of the games in casinos are based on luck or chance, here in ‘Treefalls’ this feature is exclusive. Here the purse grows by 10% of the bet amount, on every bet, on a cursed tree. Interestingly, it loses 10% on every bet on a magical tree. This is regardless of whether the bet is a win or a loss.
Needless to say when a purse is drained, an announcement goes out, and the round will reset at a random time between 0 and 2x the time remaining in the current round. When a round restarts after the purse is drained, the purse is seeded with 5 btc.

Playing the ‘Treefalls’ Game

Dragon’s Tale describes the process for players well as it declares that to play ‘Treefalls’ the players should first have to identify 8 different species of trees. The process is easy; they first need to go to the ‘Department of Herbal Resources (Xinren 250 263)’ and then click the building and then click “Ask about collecting Tree Leaves.”
After clicking ‘Ask about collecting Tree Leaves’ the players need to find 8 different trees and click on them and click “Examine the Leaves.” Once they have found the trees, they need to click ‘Ask about collecting Tree Leaves” again. Here they will be able to see a betting menu when they click on a tree.

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Trading is in the blood of many our readers. It is always about different currencies, commodities, shares and what not. Making money is always the end game. However, staring at the same screen, with graphs, analyzing trends and sifting through latest news to gain some insight into the future of certain currencies can take a toll.

Take a Break from Trading with Dragon’s Tale

What if there is something that will let you take your mind off the serious monotonous stuff without losing sight of the end game? Dragon’s Tale is just the game for you. The Bitcoin gambling game by eGenesis allows users to experience the bliss of MMORPG first hand in addition to the excitement of making more money during the process.

If taking risk is what makes stuff worthwhile for you, then don’t worry. You can be the judge of how much risk you are willing to take while placing bets on Dragon’s Tale. The platform has the right mix of skill and luck based games which makes your time on Dragon’s Tale worthwhile.

Set in China, the 3D game allows players to roam around the game environment, find mini-games where one can place bets and voila, it might be your lucky day. Dragon’s Tale is a special Bitcoin gambling platform that has made away with virtual slot machines, poker tables and roulette wheels. Instead, Dragon’s Tale offers a 3D interactive social environment where people can play a character inside the game while gambling at the same time. Even better, you can also interact with players, co-operate and win some bitcoins together.

The game is built to be light and functional, it can work on most of the computers (even with average CPU and GPU processing power). If the introduction to Dragon’s Tale caught your attention, you can download the game on dragons.tl and give it a try.

Dragon’s Tale Makes Your Time Worthwhile

Dragon’s tale has more than 60 different mini-games where players can place bitcoin bets. Apart from that, there are rewards and collectibles scattered across the game landscape which can be collected by players. According to Dragon’s Tale, there is about 100 BTC worth of rewards scattered across the game and one stands a fair chance of making the most of it (either by winning or collecting or both).

Most people who are involved in Forex are now familiar with bitcoin. Bitcoin is increasingly finding its presence on most of the forex platforms across the internet. Some of these forex platforms also provide special anonymous trading accounts for Bitcoin trading. If you have some bitcoin to spare and would like to have some fun while trying to make the most out of those bitcoins, then Dragon’s Tale is for you. You can always blow off some steam on the platform and get back to trading currencies and assets.

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• "AUDUSD recently made a strong break below a rising trend line, indicating that a downtrend is in order. Price found support at the .7000 major psychological level, though, and is making a correction to the broken trend line."
• "Using the Fibonacci retracement tool on the latest swing high and low shows that the 50% level lines up with the broken tend line and the moving averages. The 100 SMA is still above the 200 SMA for now but a downward crossover appears to be brewing, hinting that further downside is in the cards."
• A larger correction to the 61.8% Fib or .7150 minor psychological level might also be possible, but this would be the line in the sand when it comes to correction moves. A rally past this area could show that the uptrend is still intact."
• "Stochastic appears to be moving up, although it hasn’t quite indicated oversold conditions yet. Still, buying pressure could be returning since RSI is also in the middle of a climb."

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