What for are cent accounts at Forex?

January 20th, 2010

The modern Forex, on the assumption of list of services, provided by brokers, is a system of exchange trade of currency, metals, contacts for difference, etc. The work with rates increase and decrease at cent accounts does not differ from a classic work at real Forex market. At first sight it seems that this structure is very difficult, but having worked a little, you understand that everything is more simply. If you worked out in cent accounts, be sure, that the door in successful activity is slightly opened for you, and investors will be ready to entrust you the management of thousand dollars accounts.

If you are at the beginning of trader’s way, you should start from cent accounts. A lot of brokers offer to trade at mini-Forex starting with 10 cents. The point is that work at mini-Forex does not have essential differences from the work at “large” market.

Cent account can be used as intermediary from demo to real. Demo-account is attractive by the fact that any losses which you will, probably, have, in no way affect your wallet. However, there is one significant disadvantage, connected with the psychological part of trading. Being confident about your monies safety, you will not be able to plunge into the whirlpool of financial business, where on the next day after you have won a million you can lose everything. In order to overcome two main enemies of trader the fear and greed, you just need to feel the trading process, and that can be done only with real money at the real market. That is why the intermediate trading process at the cent account is the optimum alternative for the newbie. Minimizing the risks of losses in the case of trend reversal to the unfavorable side, you can continue the training at cent account. At that your small victories will be rewarded with the small but very pleasing profit. Of course, when the cost of point is 1 cent, you should not expect the huge earnings. Use the cent account only in order to study the market with its sometimes sharp movements, as well as for experiments with trading strategies and systems.

On the assumption of all mentioned above, the idea of cent accounts is that almost each beginning trader can, investing the small amounts of assets, learn the work skills with the real accounts. This is necessary for reduction of newbies’ potential risks. The major financial mistakes, which a lot of novices make working with the cent accounts, are minimized and can not be a barrier at the beginning of the trader’s professional way.

However, today because of the situation that market is oversaturated with traders a lot of brokers strive to decrease as much as possible the supply on the cent accounts, forcing in this way all traders to work with dollar accounts, as it was at the very beginning of Forex market development.

In such way, it can be said that cent accounts is a perfect launch platform, which gives an opportunity to any trader to learn all necessary skills and gain trading experience, realistically assessing his/her own possibilities for the real work at the currency market.

Added by Svetlana Milyushko,
InstaForex Clients’ relationship manager

Bonus for posting

January 19th, 2010

Traders portal MT5.com in partnership with InstaForex Company initiates an incentive program. Each registered user of the forum at mt5.com automatically becomes a camapaign’s participant.

Each your post at the forum will bring you 10 US cents. By the results of a month the most active members, who had a success to accumulate 50 USD, will get this money as a bonus to their trading accounts with InstaForex. Profit from a bonus can be withdrawn without any restrictions.

The details of “Bonus for posting” campaign are available at this page.
To gerister at the forum, please, follow the link.

Added by Ekaterina Abramova,
InstaForex PR-manager

Peculiarities of trading on Forex by weekdays

January 13th, 2010

As a rule, currency pairs’ movement on Forex market is directed, i.e. trend which is clearly determined after it finished. However, for more efficient work traders should know its direction at the beginning of a week.

Factors forming trend on Forex market:

Two factors can help you to determine the direction of weekly trend:

  1. Friday currency pairs movement on American stock exchange.
  2. Opening GAP (significant difference between the price at the end of previous and beginning of following day) at midnight from Sunday to Monday (Asian session). The result is currency pairs draw their resistance levels, breaking through one of them they turn it into support level, push off from it and will move in this direction the whole week.

Between American session on Monday and Asian session on Friday the channel of pikes resistance levels (by fractals and zigzags) determines the starting point of currency pairs breaking through up and down and as a rule, the whole week move in the preset direction.

The first and fundamental moment of currency pairs’ behavior on Forex market is their movement on Friday at American stock exchange. It is test through released news, strength and trend direction.

If extremely negative or positive news issue did not influence the currency pairs’ fluctuations on Forex market on Friday, it means that brokers and banks were not ready to such fluctuations and movement will start on Monday.

There are two variants of developments, if currency made abrupt jump in trend:

  1. New trend wave, for example 400 pips, which currency pairs moved in for the previous week, turns by Elliot into the first wave and the third wave in the same direction will be equal to 640 pips which is 60 % longer.
  2. Being at the beginning of medium-term trend wave from h4 to daily and weekly charts in this case pullbacks are from 23% to 62% – movement is trend-forming – new week – new jump along the trend.

If during the American session on Friday currency on Forex market did not start its movement it means that brokers can not determine the trend or movement direction for the next week and this direction will be known only on Monday.

We can make a conclusion from all above: depending on the Elliot waves’ behavior Friday determines the currency movement for the beginning of the next week.

  1. If potential trend strength is very big and there was leap in trend on Friday, then on Monday correction or reverse or news wave in trend is expected.
  2. If on Friday currency jumped against the trend, then this Friday movement will turn into correction or the first wave of reversed trend.
  3. If currency did not start its movement on Friday, it means we can expect the formation of movement on Monday or Tuesday.

One more Forex market peculiarity is analysis of news calendar for the next week. Events which can influence trend’s mood and all corrections should be pointed out.

There is also characteristics which was noticed by A. Elder – you should pay attention to the gap which appears at midnight to Monday – whether currency pairs of allies opened up or down and what direction currency will move after that at Asian trading session – as a rule, the same direction currency will move the next week.

To earn at Forex market, you should understand that intraday trend does not exist by itself.

The main conclusion which should be made by a trader: currency moves the main part of its distance before the news release and just a little movement can be noticed when news was officially confirmed in case it has justifies the forecasts.

To be right, trader should observe only two rules:

  1. It is necessary to use strong movement during the whole week in direction of published news.
  2. You should be ready for reverse if the news did no justify expectations.

Added by Alexey Talesnik,

InstaForex Clients´ relationship manager

Merry Christmas and Happy New Year!

December 24th, 2009

ny2_eng

Dear clients, partners and friends!

InstaForex Company sincerely congratulates you with upcoming holidays: Christmas and New Year 2010! The expiring year became a serious challenge for many of us, but we achieved the considerable success and in the coming year we are not going to recede from the chosen course!

We wish all our clients the professional growth in trading world, profitable trend and favorable forecasts! We wish you luck and success in business, new opportunities and perspectives!

We wish our partners all-round development, and also we hope that in 2010 we will have only the effective cooperation and maturing of our partnership relations!

Happy New Year 2010!

Sincerely yours,
InstaForex Team

InstaForex had success on the ShowFx Asia exposition

December 21st, 2009

Exposition organized by international exhibition brand ShowFx Asia was successfully held in Kuala-Lumpur on 14th and 15th of November. Besides numerous guests, six independent projects took part in the exhibition. InstaForex was one of them.

Exhibition in Kuala-Lumpur was held in friendly and professional atmosphere of constructive dialog between financial market participants and users of their services. For numerous traders attended the exposition, participation in this event became a great opportunity to meet representatives of InstaForex and it’s local partners at one platform.

During the event, money prizes and gifts were drawn. Besides, numerous souvenirs and bonuses from InstaForex were presented to visitors. Also it worth mentioning that by the end of exposition the company got personalize certificate.

Two exhibition days were marked by interesting speeches of lecturers and Forex-teachers, among which we can point out the following projects, themes and lecturers: Choo Koon Lip (Currency Pair Interaction – How to profit from the Correlation, and Choosing the Profitable Automated Forex Strategies to Trade for You); Asri Mahmood (Profitable Median Trading In Ranging Markets and Fundamental News Trading); Ismail Muhammad (High Probability Forex Trading with Japanese Renko Charts and High Probability Trading Setups for Entry and Exit for Forex Market using Insta Pips Hero and Swing Master), and also speeches of Forex Asia Academy representatives.

InstaForex thanks all guests of the exhibition and looks forward to see all of them at the next expo, which the company will take part in.

View the photoreport.

Added by Vladimir Syrov,

InstaForex Chief development manager