EES: Liquidity update and Turkey in focus

By | December 8, 2015

Elite E Services Forex system update December 8, 2015

Recently EES released a system designed to create Forex liquidity which has been doing well for new clients who purchased it.

We’ve started a new MAM at GoMarkets and will be publishing the results here at MyFXBook.  As this is a managed account, results will be conservative, and a mix of EES systems and manual trading (not only Liquidity).

Also, we’ve published the Liquidity EA on the MQL marketplace here.  Make money as a re-seller at the marketplace too!

Turkey in Focus

With the world on the verge of World War 3, the impact in FX will most notably seen in the Turkish Lira (and other regional currencies, but most extreme in TRY).

Get to know the Turkish Lira!  From wikipedia 

The Turkish lira (TurkishTürk lirası) (sign; code: TRY; usually abbreviated as TL)[2] is the currency of Turkey and the Turkish Republic of Northern Cyprus (recognised only by Turkey). The Turkish lira is subdivided into 100 kuruş.

In December 2003, the Grand National Assembly of Turkey passed a law that allowed for redenomination by the removal of six zeros from the Turkish lira, and the creation of a new currency. It was introduced on 1 January 2005, replacing the previous Turkish lira (which remained valid in circulation until the end of 2005) at a rate of 1 second Turkish lira (ISO 4217 code “TRY”) = 1,000,000 first Turkish lira (ISO 4217 code “TRL”). With the revaluation of the Turkish lira, the Romanian leu (also revalued in July 2005) briefly became the world’s least valued currency unit. At the same time, the Government introduced two new banknotes called TRY100 and TRY50. One EU diplomat has stated that Turkey will adopt the euro if it joins the European Union.[7]
In the transition period between January 2005 and December 2008, the second Turkish lira was officially called Yeni Türk Lirası (New Turkish lira).[8] It was officially abbreviated “YTL” and subdivided into 100 new kuruş (yeni kuruş). Starting in January 2009, the “new” marking was removed from the second Turkish lira, its official name becoming just “Turkish lira” again, abbreviated “TL”.
All obverse sides of current banknotes and reverse sides of current coins have portraits of Mustafa Kemal Atatürk.