The facts about ForexPeaceArmy: the truth!

September 4th, 2009

Nowadays most traders after facing a problem with their brokers turn for help at the wellknown Internet-community ForexPeaceArmy. This project claim themselves defenders of traders’ rights. They create illusion that they fight with scam at the arena of Forex-market. But what do we have in reality?

The so called “fighters for the justice” are nothing more than fraudulent hacker project! Can you find any real name of the project members? Or have you ever seen any real contact of them? No doubt, you can not give positive answers to these questions. Because FPA does not provide traders with contacts except e-mail. ForexPeaceArmy is ABSOLUTELY ANONYMOUS project hiding behind forum nicknames and self-confident accusations in address of brokers.

They earn lots of money by advertisement, which is sold due to the popularity of resource, which in its turn is gained due to BLACKMAIL. In that way the vicious circle of this project shows the common structure of its business.

At the given moment, we hold the following information about the founder of ForexPeaceArmy: he is a fraud, earlier he had a pen name Dmitriy Chavkerov, alias Felix Homogratus (nick name “Forex Bastard”). In the Internet there is information that this person is looking for easy gain by means of two lines:
1) blackmailing of respectable Brokers;
2) sale of unprofessional signals.

FPA is blackmailer and the whole world knows that. Search the Internet to have an idea of the character of their activity:
Forex Peace Army link 1
Forex Peace Army link 2
Forex Peace Army link 3
Forex Peace Army link 4
Forex Peace Army link 5
Forex Peace Army link 6
Forex Peace Army link 7

Since swindlers from ForexPeaceArmy directed their activity against InstaForex, having started blackmailing, we officially appeal to everybody, who has any information about these anonymous frauds thoroughly hiding their location, contact our fraud control department by e-mail fraud-control@instaforex.com

It is your choice who you should trust to. But we kindly ask you to weight the information above and make right conclusions. Please, DO NOT LET SWINDLE YOURSELF! BEWARE OF FRAUDS!

Andrey West and NyFxTrade

We have discovered NyFxTrade, claiming themselves as educational forex project and selling signals, is directly relevant to the hacker anonymous project ForexPeaceArmy.The founder of NyFxTrade known as Andrey West also sales doubtful signals and blackmails Forex brokers in the Internet communities. One and a half month ago he started his attack upon InstaForex, spreading blacking materials (but of course invented) at different forums. When we contacted this person by e-mail and asked to name the reason of his activity against our company, he replied nothing, but groundless accusations and threats. When we tried to get in touch with him by Skype, he blocked our account, because he is scared of coming to close quarters with us and because all he’s doing is just SHAMELESS SLANDER. All his messages at forums and blogs touch just InstaForex, but actually he has never ever opened even an account with us!All this testifies Andrey West is hired by ForexPeaceArmy for blacking InstaForex reputation and blackmailing the company.We rely on your help in finding any information about Andrey West and his fraudulent project NyFxTrade.

Fear and greediness on Forex

July 14th, 2009

InstaForex Company warns all traders that work at Forex currency market is not only highprofitable, but also highrisky business. Therefore, we advice every participant of the exchange market to follow the definite psychological canons. If you adhere to them or at least remember them, you will able distinctly decrease risk constituent that will have an affect on your work efficiency.

All emotions inherent in us – fear, greed, hope and etc. – in a fast rhythm of stock trading exert the determinative influence upon trader’s behavior. Weak and self-confident, avid and sluggish – all these people are doomed to become victims of the market. Awareness of your own capabilities and preferences, positive and negative qualities can help you to avoid bankruptcy. If you add to this faculty for appropriate appreciation of mental state and suitable behavior of market crowd, the success is guaranteed to you.

The driving force, which makes us work at speculative financial markets, is greed. If your greed is minor, you will not make a lot of deals, losing many good moments. In this case it is recommended to find another occupation that is more composed. If your greed passes all bounds, you will try hard to make as many bargains as possible, exposing yourself to the risk of unclear outlooks. You should better play in casino; it will be congenial for your nature and cheaper for your wallet. The result of avidity’s action will be motivation to the bargaining.

Revealing of are you playing or not under pressure of the greedy vehemence is possible with the help of the following signals. If a trader asks others: “What do you think about this?” If he tells others about his opened positions. If the trader does not have a plan of work, which is made before bargaining, – all this shows that the trader works most probably under pressure of the vehemence, not the mind. The best vehemence drug is making a plan of deals arranging (the financial activity plan).

Next factor advancing the trader to conclude deals a hope for making profit. Of course, activity goal is to earn money. But when the hope dominates under the calculation, you risk to overestimate your own abilities in the situation analysis and make out a mountain (your dream) of a molehill (the reality). The hope should be under the calculation and greed.

The fear appears when you get losses. Some are paralyzed by fear and they can not stop on time and lose everything. Others are forced by the fear to move and sometimes arrange interlocking deals that usually just quicken bankruptcy.

In the critical moment it is better to do something than let the grass grow under your feet and watch how beautiful dreams vanish with the quotations changing. At the same time oppose convulsive actions of a nervous choleric subject to reasonable and systematic steps for overcoming the crisis. Operate right according to the plan made by you before the position opening (accordingly before the fear emerges).

Some traders’ mistakes are unordinary at all. They are based on mental state of the bug. Often a trader, who got a great profit for the certain time frame, leans that all his trades during the passed time period was made at the DEMO-account. The given mistake can also be related to initial fear of real operating.

The article was added by Dmitriy Golynskiy, Clients’
relationship manager of InstaForex

Lucky trader shares the secret of his success

July 13th, 2009

It is an open secret that people of different professions can be successful. We can find lucky steel founders, lucky programmers or even lucky waiters, who gets gratuity exceeding their official salary scale. But success does not make as much profit in any profession, as in trading. Particularly, in the currency market Forex. Admittedly, it wouldn’t be correct to talk just about the naked success. As in other fields, good fortune in trading exists hand-in-hand with such qualities as professionalism, experience and mastery.

We would like to call your attention to the interview with one of undoubtedly successful traders – Hamidi Akazari from Egypt.

IFX: What does help you to achieve such amazing success in trading?
HA: Certainly, I can not give you the unambiguous answer. Or course, I would like to say, that positive trading at Forex is the service of my experience and skills. But it will not be the absolute truth. The high profile in trades belongs to a broker (or dealing center). Namely, the service quality, trading conditions and efficiency in the deals’ execution. Right about orders execution speed I would like to mention. For a long period I am InstaForex client and I can say that execution of all my in the work with any trading instrument is instant. Just at the cost of this I can use my trading style as well as different trading strategies in the first-rate fashion. What about successful criterion, assuredly it is the profitability of trade expressed in per-cents. At the current moment it averages 8-10 % and that is not bad showing. Also the very important success criterion is the stability of trade with positive result.

IFX: How long do you work with InstaForex and did you meet any problem trading with the company?
HA: A year sharp. Before this I worked with some brokers. I think every trader worked not with one dealing center during his/her career. In spite of the market density and the number of offers, experienced trader will easily distinguish one broker from another. Every company has its trading conditions, client servicing style and additional facilities. Work with InstaForex absolutely satisfies me. Among instant execution the company provides the attractive trading conditions, more than professional support, and above all accuracy and timeliness in depositing and withdrawing funds to or from trading account. I never had problems with withdrawal. And even if I had any troubles, they happened through the fault of the e-payment system, as many others attacked by DDOS-hackers. What about InstaForex, some months ago I came into collision with temporary disconnection of the company’s trading server. But again after introduction of the second server in this spring the given problems have gone completely.

IFX: Do you have your favorite support specialist in InstaForex Company?
HA: Yes, I do. It is Alaa Nabil Hanafy. He is also from Egypt. I see the great advantage of InstaForex in this. I am talking about multilanguage support availability. For example, I speak English perfectly, but all the same I prefer talking to support in Arabic. It is all right. And the fact that almost every client of the company can find the support specialist talking his native language is wonderful!

IFX: Thank you for your time and for answering our questions. We wish you good luck in your future trading!

The interview was obtained by Darika Isakova,
interpreter-translator of InstaForex

InstaForex online

July 12th, 2009

Dear customers and all interested in trading with InstaForex,

We invite you to join our growing community and start discussing at the official forum of the company, placed at the following link. Recent news, immediate support and sharing trader’s experience is what is waiting for you at the pages of our new resource.

Start your topic at forum.instaforex.com right now!

Added by Ekaterina Pobedinskaya,
clients´ Chief Manager of InstaForex

Day-by-day trading

July 9th, 2009

Everybody knows that Forex does not sleep and does not close. Since the rise in Asia till the sunset in New York bargains are made on Forex. Here is the question: what does Forex intraday trade constitute, if, in fact, trading sessions are held without breaks during the whole week? That is why technically intraday trade is a deal closed when trader does not sleep. Also a deal can be considered as intraday if it is sealed or closed during the trading sessions at the Asian, European or American stock markets.

Informally intraday trading is an indicator of trader’s mastery and experience level. Thus, for example, a newbie trader wants to jump into the market, win and go out. More experienced intraday trader prefers wait till the market comes to him. The newbie player takes intraday trade as alternative of the deep market analysis. Whereas, the experienced trader knows that intraday trade itself is a result of its analysis.

A history of your intraday trade plays an essential role. You see, starting analysis, probing a position where a price is testing a trading pattern, the key support or resistance levels of Fibonacci, trend line or moving average. In the ordinary sense, your next trading day takes its trading models reasoning from the previous days if not weeks.

Finding of your next intraday deals is the result of some decision-making rules application. The actual condition for trade signal receiving is waiting till the right confirmative moment. The next important step consists in deciding what direction the next deal will have. Will it be “buy” or “sell”? Choosing the direction of your next deal you do not try to forecast the market at all. You wait till the market comes to you itself.

The attractive feature of Forex market is concerned with plenty of opportunities for trading during a day.

Let’s try to determine how many good trading chances does intraday currency trader have during one day. Sensitiveness analysis would show that we have 6 major currency pairs (EURUSD, GBPUSD, USDCHF, USDJPY, USDCAD, AUDUSD), and at least the 2 most widespread cross pairs (EURGBP и EURJPY). This provides us with 8 pairs for intraday trade.

When we look closely at every graphical interval of a currency pair for getting a trading signal, we greatly increase potential for deals. Intraday trading at Forex market can often provide more trading opportunities than in a medium-term outlook. A market participant doesn’t has to catch any deal, he/she should choose carefully from the number of existing chances. A trader must sift out potential bargains, searching for patterns and choosing the key time interval. A great idea is to focus on the trend lines and channels in any time frames.

The newbie trader can make it a rule to determine trading opportunities using 4-hour time frame. This period is rather long so that the price could develop wider ranges acceptable for trading. During 4-hour time frame currency pairs often show ranges that provide the distance apart the resistance and support levels enough for reaching intraday trading goals.

In that way if we evaluate that we can intend on 2 trading chances for a currency pair during the given 4-hour period, then we can await in common 16 trading opportunities that can justify closing of the deal.

If we closely analyze these opportunities and choose only 1 deal during the 4-hour span of time, then we have more than enough to consider Forex intraday trading as serious chance.
There is nothing unordinary in cluster effect advent, when an operation with one currency pair is accompanied by operations with all other pairs, and suddenly nearly the same time numerous opportunities appear. Otherwise, distribution of the trading chances is not accidental, that is why patience in waiting of the best chance is the determinative skill.

Eventually, bargaining is a logical conclusion of analysis, but it is not spontaneous action. Whereas, there is no one common rule regarding what trading signal is to choose, we can diminish conditions in such a way that a deal will be rational and supported by combination of the technical factors.

Any day trading models, that can make you wish to arrange a deal, appear on Forex market. The experienced traders wait for deals with a high probability, if they are sure the deal will work. The mental state and optimism also can support trader’s confidence.

In the long run, profit and losses statistics will show if you follow up the deal or if you trade for win. Either you seek after grasping a quick gain for paying for your dinner at a restaurant or trade for mortgage payment, intraday payment on Forex has a potential for achieving different trading aims because of its market patterns.

Forex intraday trading offers a wide spectrum of trading opportunities, but it requires a lot from the trader. Currency exchange trader who wants to be successful, must be armed with the arsenal of technical instruments and have a set of the distinct rules.

The article was added by Evgeniy Galaev,

InstaForex Chief Manager of the Client Relations Department