Alan’s Forex Blog

From noon to noon on August 20 through August 27, you can have full, free access to Elliott Wave International’s 24-hour-a-day forex forecasts inside EWI’s Currency Specialty Service

Checkout this post for more details….

August 17th 2008 Daily Forex Market Outlook Daily FX - First trading day of the week

Video review of the most important economic news releases for Aug 15 2008

I just thought I’d let all you traders know that LiteForex, one of the forex brokers that I use, recently launched a rebate program whereby customers will receive a rebate (bonus) on all bank deposits. The main reason why I like and use LiteForex is that they’re one of the few forex brokers that accept e-currencies. I normally deposit via Liberty Reserve, but they accept e-Bullion and WebMoney as well. There aren’t really that many brokers that accept e-currencies. One other one that quickly comes to mind is Marketiva.

Here are the details of the rebate program:

Level 1

Customers, who deposit via bank wire an amount equal or more than $500 (less than $1000), will receive a rebate in amount of $50 on their trading account at the time of the deposit;

Level 2

Customers, who deposit via bank wire an amount equal or more than $1000 (less than $3000), will receive a rebate in amount of $100 on their trading account at the time of the deposit;

Level 3

Customers, who deposit via bank wire an amount equal or more than $3000 (less than $5000), will receive a rebate in amount of $300 on their trading account at the time of the deposit;

Level 4

Customers, who deposit via bank wire an amount equal or more than $5000 (less than $10000), will receive a rebate in amount of $500 on their trading account at the time of the deposit;

Level 5

Customers, who deposit via bank wire an amount equal or more than $10000, will receive a rebate in amount of $1000 on their trading account at the time of the deposit;

All rebates will be deposited as a credit on trading account and can be used for trading purposes only before meeting minimum conditions to get the rebate available for withdrawal.

The minimum conditions means that the customer must complete not less than 30 trades with profit/loss greater than 3 pips (but not less than spread) with total traded volume 10 lots for Level 1, 20 lots for Level 2, 50 lots for Level 3, 75 lots for Level 4 and 100 lots for Level 5. After meeting these minimum conditions, customer can freely withdraw a rebate. But, in case of withdrawal of more than 30% of deposit before meeting minimum conditions, rebate will be revoked.

By the way, LiteForex is an MT4 (MetaTrader 4) broker. To find out more about them just visit their homepage.

The folks at Forex Autopilot are apparently giving away $100 bonuses to people who use their recommended broker. Here is what they say:

“We made a deal with a well known brokerage that credits each forexautopilot user 100 usd bonus on their deposit* “

I made a slightly more detailed post about this on my other blog over here.