Join a new contest by InstaForex and GoldAge froum!

May 3rd, 2010

New surprise was uncorked by InstaForex for the traders beeing active at Forex communities. If you spend a lot of time discussing Forex actualities and trading tendecies with your associates at forums, you will probably like the new contest by InstaForex in cooperation with GoldAge! The conditions are very simple: register at GoldAge forum and start a new topic in Forex area. This topic can be devoted to the problems of Forex market development, your unique trading strategy, frequently asked questions by newbies and so on – do not confine your fantasy and make the most original thread!

If your subject will be under discussion and attract a lot of forum members, you will get a chance to win one of the fetching prizes (from $100 up to $1000). The most active posters, whose messages will be informative and useful, will be also awarded with good winnings.

Sounds interesting? – Click here to read the rules and join the competitions!

Added by Ekaterina Abramova,
InstaForex PR-manager

InstaForex invites you to a new seminar in Malaysia!

May 3rd, 2010

InstaForex Company gladly announces about new event within the frameworks of Malaysian seminars’ series. Mini seminar will be held on May 8, 2010 in Johor (Malaysia). Two InstaForex lecturers Ismail Bin Mohamad and Asri Bin Mohamad will acquaint you with aspects of using medianline for high probability trading set up and peculiarities of fundamental news trading.

The participation in the seminar costs USD 60. These funds will be credited as bonuses to trading accounts of all visitors, so that you will be able to use this money in your trading and nail down attainments, received at the leacture.

Please, find the detailes in the poster below:

Seminar-Johor-poster

Trust management: who can you entrust your capital to?

April 29th, 2010

It is of common knowledge that money should be made use of, and not simply saved. The sense of money is to bring profit. There are different ways to gain money, although the international currency market Forex is the most profitable and attractive for yielding.

Statistics demonstrates that the number of clients, who allocate their assets using trust management, is increasing by 30-40% each year.   Below we will dwell on several types of trust management.

Individual trust management. In order to invest money one needs to find an experienced trader who is to have statistics of his operations on real trading accounts. You should find out the peculiarities of the trading platform applied by him on Forex. To get maximal security you should open the account for your real name. In this case the investor is only depositing and withdrawing funds whereas the trader receives the password to the trading account and an access to its management. Although it is advisable to comment on the details in the agreement accepted.

Collective trust management. This type of management appeals to those who do not have a big sum of money. Here you should analyze the guarantees as there is no legal regulation. In this situation the possible risks are significantly higher than with individual trust management, because the investor opens an account not for his name, he just allocates the funds.

Irrespective of form the trust management is at the same time a highly profitable and a partially risky investment of funds.  Remunerative – because you trust the funds to an effective Forex market participant, and risky – because you are not able to control everything, and be 100% sure of the trader’s professionalism. Nevertheless, to minimize possible risks of losses it is needed to describe all rights and liabilities for both parties in the agreement.

In this respect the third type of trust management is up-to-date, which is the participation in PAMM-system of a large and reliable broker. At the moment a line of the companies with a high status and rating offer a possibility to invest in their clients’ trading, or in managing traders, whose trading characteristics at Forex market show high yield.

There are two types of PAMM-accounts: PAMM-trader account and PAMM-investor account.

The peculiarities of these two types are that PAMM-investor account can only invest funds in PAMM-trader accounts and PAMM-trader accounts can only accept the investments from PAMM-investors.

PAMM-system has a few differences from trust management, and one of the major is that the managing trader trades mostly with his own funds and even when he accepts investments he cannot withdraw his own funds. Thus, he will always be working not only with investors’ but also with his personal funds.

An important feature of PAMM-system is risk diversification, investing funds of PAMM-investors in PAMM-accounts of various traders, which lowers the risks of losses.

For the present day, InstaForex Company offers the best by its options and conditions PAMM-system for managing traders and investors.

Added by Evgeny Galaev,
Chief Manager of InstaForex Client Relations Department

Psychological factor of Forex trading: keep from losing

April 21st, 2010

Starting to work professionally on Forex market every trader realizes that except a knowledge of successful strategies, systems and methods of capital managing, Forex prosperity depends on psychological state.

Being a novice at Forex, where would you take the confidence in the conducted operations from? What are you doing if you have accomplished the unlucky deal in order not to get into bigger debts? If you are in minuses, what measures do you take to return to positive results?

First of all, trading is a discipline devoted to effective ways of getting profit. The inner state influences greatly on the ability of a trader to estimate correctly chances in a certain situation.

After a trader has changed from a demo-account to a real trading account his results become much weaker. What does it depend on? Operating with the same quotes in the same trend, though the outcome appears different. Why? Everything is caused by a psychological condition. Simply, working with own money a trader is governed by personal feelings of fear and greed, which, besides, are market moving power. Panic on the currency market leads to fluctuations of the currency rates and often this motion does not reflect real process in the global economy.

How can you refrain from the impact of emotions conducting operations on Forex? You only need to master the discipline of trading procedures. As only an organized trader is able to work at the market for the time required to achieve certain goals. It is a discipline which does not allow a trader yield to market influence and leave the market in haste.

There are numerous ways how to strengthen the discipline of a trader. The important factor is working hours’ regularity, the choice of time period for working with an account of individual features of a trader. But the most suitable method is usage of a tested trading system.

Nevertheless, abiding the trading system signals is also not an easy thing. To do this, it is necessary to comprehend that there will be thousands of favourable situations for entering the market. Many traders are eager to enter the market as soon as possible; or vice versa, enter it too late, which in both cases can cause losses and correspondingly, a nervous strain. Working at currency market is extremely complicated, mostly because many negative factors affect the trader’s psychological condition.

You can be surprised, but gaining a considerable sum of money also has a negative effect on the trader’s form. In this situation a trader can start overestimating his abilities and lose concentration.  If a trader tends not to a quick profit, but acts tactically regulated, driving his average monthly earnings to a particular level, this is sure to decrease a psychological pressure of every conducted deal.

Added by Roman Tsepelev,
InstaForex development manager

Revisiting the major issue: How to quit your fears?

April 14th, 2010

A significant number of people not engaged in Forex international currency market believe currency speculations to be an easy occupation. While for a successful work at trading platforms a strong will, self-restrain and responsibility are required. You should always follow the market behaviour, be extremely attentive and concentrated.

Everyone who has shifted from a demo-account where he was managing virtual millions and became confident of his skills, to a real account working with own money, is sooner or later overwhelmed by fears of making a mistake and plunging his capital.

The condition of being in panic is typical of not only beginning traders, experienced traders are as much exposed to attacks of cowardice inculcated by the inner voice. Here, a question arises: how are the deals conducted if traders are afraid? They say: what the eyes fear, the hands do. But you should not take this proverb as an instruction. Instead of neglecting the existing problem it is better to examine it and to solve it. Here are a few recommendations of overcoming your fears of trading at Forex.

First of all, learn to control your emotions: they should not stand in your way to take reasonable decisions. Working at Forex involves a strong psychological pressure on a trader, that is exactly why not everybody is able to remain on Forex and trade successfully. Emotions influence absolutely on each participant of currency trading to such great extent, that if one does not learn to control himself, it will inevitably lead to significant losses, financial as well as moral.

Make an effort to trade estranged and maximally unemotional. Plenty of novices and losing traders consider that the already tested trading strategy is sure to bring profit at market. Though, this is a total misbelief. The most difficult work which is a recipe for success at market includes developing one’s own trading system, fitting all needs and principles of every trader’s work.

The trader’s liveliest fear is the fear to lose all money. To get rid of this phobia you should try to change attitude to this fear. Make yourself think about positive result by autosuggestion, persuasion, meditation – just as you like! Executing an operation it is necessary to learn acting under the influence of the positive psychological mood and not to allow the fear to doom you to failure.

Be maximally sequential, otherwise you are likely to lose. Do not undertake hasty and unreasonable actions. The deal must be scrupulously planned and the result must be foreseen with a probability of 99%. And, it must be your own viewpoint, but not blind faith to “forecast” of a dilettante from Forex forum or analytical article even written by the most professional expert (he/she is a human being and has unlucky days, and can makes mistakes).

And the last thing: daily improve yourself and bring the skills to perfection. The confidence will come with an experience and a skilled hand. The confident person has nothing to worry about, as the luck is always in his/her pocket.

A trader should believe in that he/she will make profit as a result of the trading. Absolutely every speculator can become a successful trader. If you are in positive mood, have a passion for trading and you will completely realize the responsibility for taken operations during the trading, no doubts it will make you more than a successful trader on Forex international currency market, ready to any obstacles on your bumpy road to a Million!

Added by Tatyana Makhina,
InstaForex Clients’ relationship manager