• New Post: MetaTrader & Money Management http://is.gd/lzVL #
• New Post: Best timezones for Forex trading http://is.gd/lyfZ #

You’ve just bought, for a reasonable amount of cash, an expert advisor to run your MetaTrader – it’s going to give you cast-iron signals about when to open and close trades, it’ll run automated, it may make you $10,000 in 100 days of forex trading, or so they say…

But, as it so happens, unless you’ve been the first one to buy a very unpopular piece of software – a few other copies of this EA have been sold.
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• Looking at GBP/USD for action today – the head says bearish #
• US stimulus plan – represented as 3m jobs, but a certain vagueness as to where the money finally fetches up…? #

“It’s the interest rate banks charge each other.”

The London Interbank Offered Rate is a daily reference rate based on the interest rates at which an institution (ie. a bank) can borrow unsecured funds from other institutions in the London wholesale money (or interbank) market.

It is essentially similar to the US Federal funds rate – the interest rate at which private depository institutions lend balances at the Federal Reserve to other depository institutions.
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• EUR/GBP definitely looks oversold after this morning, there’s a value bet here, maybe to tp 0.8800 #
• Though CHF might march back against USD quicker than it has – still saying Buy in my (dubious) opinon #
• Been a nice move short on EUR/USD so far today – maybe retrace to 1.2610? Or maybe over as we speak… #

• US CPI 13.30GMT – given up trying to figure price spikes – bad US news, seems to = rush to safe haven and price goes up… #

Tip’d is a social network concentrating on financial news, ideas, and tips – usual stuff, very much the same as Digg, you can bookmark a story, or add a Tip’d button or text link to your blog. I suppose the acid test is when a site creeps on to the default ShareThis, or Sociable for WordPress, list of bookmarking sites. Web 2.0, remember when we used to call it that?
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• Allen (Jay Gatsby) Stanford? Corrupt? That could surely never be… #
• Well, got EUR/GPB totally wrong this morning – only oversold at 0.880, let alone testing 0.90 – what do I know… #
• GBP Inflation higher than expected – they could try checking at Tesco’s – now we’re paying for the depreciating land deals #
• EUR/GBP bullish this morning – trip back to test 0.9000 today as on the 12th Feb? #
• 0930GMT GBP CPI y/y – can’t see inflation being as critical as it usually is… #

• GPD/USD, apart from the odd blip, range-bound today so far, yes, unusual… #
• ITV.L said to be selling Friends Reunited – hindsight being a wonderful thing and all… #
• GBP/USD dropping hard again #

• How wonderful as a UK taxpayer to own half of such a rubbish bank – HBOS #
• GBP/USD seems to have hit resistance again and overbought #
• Forex action in GBP/EUR this morning, down to 0.8940 #