Who said Forex was not a distaff?

November 18th, 2009

It is considered that Forex is not a distaff, while about 10 -20% of fair sex representatives trade at the currency market.

Women confidently entered the world of endless charts’ movements and often appear to be luckier than men. The thing is psychological ply of women’s character which helps them to feel themselves at the Forex market as well as in the kitchen cooking next regale.

Nature has showered all necessary qualities for successful work at financial markets on women. Firstly, it is curiosity and desire for learning everything new which lead them to Forex. Breaking new ground of Forex, discipline and responsibility help ladies not to slip up. Woman can be patient which undoubtedly pays off at Forex.

The main and probably the most important principle of successful trader is ability to hope and wait quite. Female traders succeed to do it better than men. Ladies who trust themselves and can listen to their intuition always seize the moment for the deals’ execution with the minimal losses. Even lack of knowledge is compensated by intuition which always gives points to the right way.

Even if she experiences failure most probably a woman will stay at the market. She will return to the start, learn her mistakes, in the end, open demo-account and will practice until she understands that she is ready to enter the market. Often men who made a wrong move just leave the market and never return blaming everyone and everything.

In order to become successful at Forex market, oddly to say, it is necessary to look with favor at all things, as to the game. To woman it is more easily to accept these rules, without plunging into, which means not to lose her head. The only reason that there are small number of women-traders is that for the fair sex the risk is organically unacceptable, whereas men are attracted to this. But the fact that the risk at Forex market is very high, this is an exaggeration. That is why, dear women, this business is for you. You can become a successful business lady, staying at home, everything you need is a computer and Internet, anything else you have got from the nature.

Great opportunity of additional earnings for female clients is provided by InstaForex Company. Making profit with the help of your trading skills at a real account, at the same time you can win 15 000 USD with your beauty power. Check this website miss-instaforex-asia.com.

Added by Ekaterina Pobedinskaya,
clients´ Chief Manager of InstaForex

The first seminar was successfully held

November 6th, 2009

The educational seminar took place on October, 24 in the capital of Malaysia – Kuala Lumpur. It was organized by InstaForex Company in its new Malaysian office in KLCC. Apart from InstaForex representatives, a number of leading international Forex-teachers participated in the meeting.

seminar1

Forex-lecturers gave a talk about such important subjects as:

- How to identify and profit from High-Percentage Market Patterns using Japanese Renko Charts (professor Ismail Mohammad)

- Profitable Trading with a flexible strategy creation process (professor Choo Koon Lip)

- Trading safety and systematically (professor En Asri)

- Basic of Elliot Wave (professor Muhammad)

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All the seminar visitors received bonuses in the amount of 50 USD to their trading account with InstaForex. The luckiest guests became the owners of 5 trading accounts with 500 USD balance each and one of them won iPod.

Added by Ekaterina Abramova,
PR-manager of InstaForex

Automated trading: Robots vs. analysis and research

September 26th, 2009

For some reason people inclined to believe, that making deals professional traders rely on just their own skills, experience and foresight, and trading via expert systems is predestination of newbies, who have not acclimatized at the market and gotten hand in making decisions yet. But actually these systems – so called expert advisors – are being written mostly by gurus of the currency market for the purpose of optimization their work and increasing its effectiveness. So the fact of using autoassistant by trader can not point out if he/she has experience.

It is impossible to give an unambiguous answer to the question, what trading will bring more profit: manual or automated? As the saying goes, to each his own. But with no doubt it can be declared, that trusting a good advisor, you make your brainwork much easier (because robot is able to process the information in a fraction of a second) and save time for more pleasant occupations (because it is unnecessary to watch the market fluctuations during long hours). Moreover, utilization of mechanical trading systems lets exclude reflecting of psychologic factor on your bargaining, because experts act according to the distinct algorithm, and no any human emotion can make them deviate from it. Benefit of computer systems is also in that they are adjusted to take the maximum gain while risks are limited to the utmost.

But everywhere there are its hidden agendas, about which you should better learn beforehand than meet with them during the process of EA’s exploitation. First of all, you have not to rely on a robot completely, because every program is imperfect and able to make a mistake. Paradoxically, but a specialist coding software to automatize trading process can put human factor in it.

The second disadvantage of advisors is in the scantiness of processing the data by them: at the heart of making decision scheme there is estimation of a certain indicators’ readouts. Thus, EAs are allowed not to take into account rates of some indicators, which can be determinative in the concrete market situation. The consequence of that is a decrease of risks’ control by human, which is also imperfection of expert programs.

I should also mention a trader’s estrangement from the market among the defects of advisors. Automizing of bargaining let us handle without permanent analysis of currency movements. In this situation trader is keen on watching deals, which are made by a program, not his own trading.

The notion of “good advisor” implies not only impeccably written code, but in first turn, suitability of his usage for some or another trading instrument in one or another market state. If you want an expert system to make a good profit, it should be right for you. But how to find such a robot?

The best way is to code an EA by yourself and put the ideas of your trading strategy in it. If learning of the programming nuts and bolts is too hard for you, you should work for a while to study at least the main principles, which automated system follows during the process of making decisions. Profitability of chosen advisor directly depends on how good you will get on with it.

Do not let loud advertisement to impose the praised EA on you. Not always the gain is equal to the number of its preferences described in the promotional announcement. You should also be careful with the offers to download a mechanical trading system for free. Sometimes, resources providing such services break author’s rights of the real software creators.

Added by Daniel Shchagin,

InstaForex Clients’ relationship manager

You can also find useful articles from website http://mql4.instaforex.com, which is dedicated to expert advisors.

Test your attractiveness in online beauty contest

September 22nd, 2009

InstaForex company is glad to inform you about its new project Miss Insta Asia. Project Miss Insta Asia is a beuty contest which does not have analogues in the global net. This contest is absolutely open as for potential participants so for users who will leave votes for girls. The target audience of the contest is citizens of the Asian region. However, this does not mean that only Asian women may participate in the contest. We will be glad if girls and women from different parts of the world will take part in the contest.

Besides, project Miss Insta Asia has a goal to attract more traders and try the best trading conditions of the international broker InstaForex by means of so beautiful and intriguing project.

The prize fund of the contest is $30,000. The contest will be holding till September 1st,2010.

If you are a citizen of one of the 49 Asian countries test your beauty force in the contest Miss Insta Asia.

InstaForex company invites girls and women to take part in the contest and wish good luck to everybody.

Learn more about the contest Miss Insta Asia and register in the contest as a participant or user you may at the contest web-site


Added by Ekaterina Abramova,
InstaForex PR-manager

Currency Trader

September 8th, 2009

Forex-trader, producer, promoter, PR-manager, speechwriter are the termes signifying the types of activity or professions, that introduced new ideas in our life during the last 15 – 20 years. We heard about many of them, instinctively felt that such types of activity can exist, about others we have known at first. For example, I doubt whether somebody knew who are forex traders in the USSR times. Perhaps, nobody or just few people did, because you could be deportated for so called “curency operations”. Nowadays it is the prestigious, respected and interesting profession, allowing earn good money and feel yourself maximally independent.

The content of the trader’s job in general is the trading of securities: safety stock, loan securities, futures, options and so on. The curency trader’s job lies in a trading of “valuable stocks” – the currency which can be issued only by the goverment. Forex trader works at the particularized international currency market Forex, trading sessions at which are held 24 hours a day, 5 days a week. The essense of the trader’s job is making profit from rate exchange fluctuations. He/she can either buy one currency, for example US dollar at the lowest course, then sell it at the highest course, or make it inside out, that is to sell the currency at the highest course and buy it when the course is decreased.

On the one hand, all happenning at the internstional foreign exchange market is simple. Rates of exchange (eur/usd, eur/gbp, usd/jen) can move just in two directions – up and down. But to guess a trend of the movement is whole science and skill. And if you mistake, you will punished immidiately – you can loss all funds at you deposited and these can be the whole fortune. At that this money could belong to other people. That is why playful moods of people attended at the market in some way are possible, but decisive significance is belong to the activities of the professionals. While taking a decision about market operations, this kind of people bases on their skills, experience and, certainly, special psychological qualities, without which any diploma, even Harvard Diploma, is just clean paper to be hanged on the wall instead of drawing.

Any formal knowledge about currency trading is relative enough. Trading education, of course, increases competence, insure against the row of the evident mistakes, but does not guarantee anything special. Moreover, currency market is served by lots of analytical agencies, giving daily forecasts about “where the trend will go” – today, tomorrow or in the foreseeable future. They do this work on basis of so called fundamental and technical researches, which let to look at the market from macroeconomic positions and from the point of view of the market prices movement, supposing that market has already taken into account everything by itself. So, Forex forecasts of these agencies also do not guarantee much. And they can allow a bug, which can force a trader leave the market one day after being kicked.

Professional trader differs from amateur in that he does not toy with market, but play, in other words, works for winning. That’s is why being inclined to risk, he nevertheless needs to control his actions and make them (open position, close position, set stops) in the basis of rational decisions, deep enough research and understanding of the market. For getting stable profit he/she should have a well though-out system of regulations of behaving at the market. Overincomes are lot of either dilettante who is lucky today and is not tomorrow, or professional of the high level, deeply understanding the market and even having possibilities to influence on it. However, for the overwhelming majority working at Forex there is no any ability to affect the market, and they can earn only when they reckon on fitting into an intense trend appeared at rate exchange and guessed by them. Such is the trading psychology, that trader’s mastery also concludes in his/her indifferent relation to the market. There are no places at Forex for heat, emotions concerning the winnings or defeats, “blind” opening positions, relying on luck. Forex is not a casino and you should work at it with clear mind, nerves of steel and fast hands.

Article was added by Svetlana Milyushko,

News editor of  InstaForex