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About mlawson71

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    Advanced Money Maker

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  1. mlawson71

    Let's see how the pair will develop when the market opens today.
  2. mlawson71

    The first thing a trader must learn is how to pick a reliable, properly regulated broker. Otherwise the risk to get scammed becomes quite high.
  3. mlawson71

    EUR/USD may finally begin a correction next week as it bounced off from 1.0790 before the market closed on Friday.
  4. mlawson71

    It continues consolidating sideways for now and I doubt we will see any major change by the time the market closes today.
  5. mlawson71

    EUR/USD continues testing the support at 1.0790 but for now there is no actual signal for a move north, if anything it appears there will be a new breakout and a further move to the downside.
  6. mlawson71

    One can make a living trading forex but to learn to do so takes a lot of time and effort. It's not something that can happen overnight. People who believe they can do that end up losing money and unfortunately, according to official regulator statistics, the percentage of those people is quite large.
  7. mlawson71

    EUR/USD is still very bearish - the pair dropped below 1.0800 and I think it may even reach 1.0750.
  8. mlawson71

    The move south continues and the pair already broke out below 1.0800. Let's see when the correction will begin.
  9. mlawson71

    EUR/USD is still consolidating sideways but that is normal for this part of the trading week. I think we will not see much of a change before tomorrow.
  10. mlawson71

    Let's see how it will develop next week.
  11. The Financial Crimes Enforcement Network which answers to US Treasury department will be putting forth new regulations on cryptocurrencies according to US Treasury Secretary Steven Mnuchin. During a speech before the Senate Finance Committee Mr. Mnuchin pointed out the increase of funding to anti-terror measures and said “specifically on cryptocurrencies, we are spending a lot of time on this, on both an interagency basis and with the regulators. We’re about to roll out some significant new requirements at FinCEN.” He said this in reply to a question posed by Senator Maggie Hassan about the significant budget increase for monitoring suspicious and illegal activities that involve cryptocurrencies. Source So far it is unclear what these measures will be or when they will be implemented, but I think it will be soon.
  12. mlawson71

    EUR/USD remained at 1.0830 when the market closed, but I think next week the correction to the upside may finally begin.
  13. mlawson71

    EUR/USD fell to 1.0825 and it is consolidating sideways around that level but I think that it may keep falling to 1.0800 before a correction begins.
  14. mlawson71

    EUR/USD is still bearish and it dropped to 1.0850. That said, I think that we may see a correction sooner or later before it continues depreciating.
  15. Late last year Germany passed a law that allows banks to trade cryptocurrencies. That law was a consequence of the Fifth EU Money Laundering Directive that came into force from January 1st this year and which also led to the British regulator FCA issuing licenses to companies that which to deal in cryptocurrencies. The German regulator Federal Financial Supervisory Authority (BaFin) also clarified that companies that which to conduct a cryptocurrency business on German territory, be they German or international, must obtain a license from them by the end of March this year. In accordance with the new law in Germany fourty banks have already sought the approval of the Federal Financial Supervisory Authority (BaFin) to conduct a cryptocurrency business. Source I think this is pretty good news – cryptocurrencies become part of the mainstream market and trading them becomes safer.
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