FX EXPO harvest

April 20th, 2009

Manager and representatives of InstaForex Company have returned from the two-day indefatigable exposition at MOSCOW FX EXPO 2009.

This exposition brought not only positive emotions and great impressions but also great number of new contacts, acquaintances and ideas. There were partnership and friendship relations born with companies-participants of FX EXPO, also negotiations about future opening of the InstaForex introducing office in Moscow were carried out. InstaForex representatives also met with partners from St. Petersburg, Novosibirsk, Georgia, and Malaysia.

More than a hundred new clients opened trading accounts in InstaForex right at the exposition to certain of profitability of trading instruments in InstaForex comparing with other brokers. Accounts of new clients will be credited with 30 USD of the welcome bonus as primary deposit according to the campaign offer.

Moreover, exposition urged the company to develop new directions of business running, such as trust trading accounts’ managing, bank guarantee for trading accounts, bringing into service of the segregated accounts.

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Added by Vladimir Syrov,

InstaForex Chief development manager

FOREX and time for trading

April 3rd, 2009

Nowadays Stock Exchanges of London, New York, Tokyo and Sidney are the main marketmakers in the world. These points of flow of funds crosses provide more than third part of currency dealings.

Even though working time of FOREX market is not limited (24 hours a day, 7 days a week) and not attached to any stock exchange, activity and quiet hours are observed in the exchange market. The given patches are concerned to intersection of working time of the world stock exchange. Thus for example a period from 1:00 pm till 5:00 pm (GMT 0) is time for trading session together on the largest New York change and on the second in terms of volume, London stock exchange. The most activity in the market is to be observed at these particular 4 hours and, consequently, after market volatility increase, risk level for market participants also rises. However, just in this period of the storm, not calm, you can earn the highest profit, thank’s in the largest part to strong wind swinging rates of exchage. That is why traders following agressive manner of trade choose for themselves periods of highest activity on FOREX.

But in the way if you are adherent of conservative trading methodic and minimization of risk is your priority, then the most comfortable time for your trades is patch from 22:00 till 00:00 (GMT 0), when only Sydney exchange works all over the world. At the same time I should point to the fact, that in this period you can as well not to loose great sums from your account as not to catch a really big fish. In the other side, for better minimization of even small losses you can use very simple instruments of heging.

Experts advice newbies to start their careers in FOREX at the hours of lowest activity. It is great time to try the whole existing market instruments, trace back trends and practice various strategies. But sooner or later shoal will get on your wick and you would like to enter “big waters”.

The article is added by Alexander Demkin,
InstaForex chief-dealer

Analytics from Alexey Goncharov at the InstaForex.com

March 30th, 2009

There is new page available at the official website of InstaForex Company. This page is dedicated to analytic articles and FOREX forecasts. At the given moment analytical releases are weekly renewed, but in future we will refresh them more regularly.

Analytics presented by InstaForex is high-quality intellectual material. We process a lot of data from all the world economic, financial and political platforms.

The presenter of the column is experienced financial analyst contributed with the leading traders’ portals. His name is Alexey Goncharov. Lets give him permission to speak: “Maybe you are already in the know with my reviews at the pages of different trading resources, maybe some of you get to know me for the first time. My name is Alexey Goncharov and henceforth I will write for InstaForex analytical rubric. I propose to publish my thoughts regarding FOREX, trading recommendations, technical analysis, and per se what will be interesting for me at the moment of writing releases. I hope, this column will attract your attention and will be useful for you”.

You can read articles here.

Added by Anna Lukina,

Instaforex International clients’ Senior Manager

Corporate party: Women’s Day

March 16th, 2009

IFX team have not come round yet, but another celebration began. It was gentlemen turn to congratulate ladies. Boys coped with a task and organized great party for girls’ company. They were meeting ladies in the morning with beautiful bunches of flowers and boxes of candy. Then, after working day is off, all the team went to a restaurant for having party. Noone was boring there: lots of fun and festive mood were in the air.

Added by Ekaterina Abramova,
PR-manager of InstaForex

Payment systems

March 12th, 2009

Everybody faced with the need to transfer funds to the relative, business partner, friend or pay for Internet purchase. As for me by the nature of my activity I have to transfer my funds from one bank account or electronic wallet to the other. I have to replenish my account very often, as well as withdraw my profit. Of course it is possible to use old method – bank wire to transfer funds from one account to the other, however I don’t like the idea to pay them big commission for transfer and wait several days until confirmation that funds were credited to my account is received. Anyway after examining banks’ schemes on funds transfer I made a conclusion that it is more reasonable to use payments systems. Great, that a lot of new systems were created last years.

I want to share my experience of payment systems usage with you.

Web Money

Let’s start with the most popular and simple system – Web Money. As a person who values my time I was attracted by the simplicity and speed of registration. There are neither extra forms and documents, nor notarized ID copies. It turns out that while registration I can write anything I want in the field “passport data”. Nobody checks anything. I really like this oversight because the transfer can be made absolutely anonymous.

Now let’s move directly to transfers. Web Money offers its clients the opportunity to transfer funds in the main currencies from and to any accounts without limits. Commission for transfer is fixed – 0,8% of transaction amount. It is not worth speaking about the speed because all main players on payment systems’ market execute transaction instantly. The only disadvantage is the necessarity to download special clients’ terminal WM Keeper. Also I want to mention one limit – it is impossible to replenish wallet via credit card.

PayPal

At PayPal web-site it is said that this payment system gives opportunity to accept and send payments at web-sites, auction, via e-mail or cell phone with Internet access. However this is accessible only for citizens of The New World and in some parts of The Old World. It should be mentioned that this is American system, it is rather old and conservative. For instance, if you have opened an account and didn’t verify it with credit card you can not withdraw funds from it. In PayPal number of your account is your e-mail address. Addresses used when transfer can be deleted or added. For transaction they take 1% of transaction amount.

It is possible to transfer any sum, recipient of payment can be a person who does not have PayPal account. E-mail is sent to the recipient, who follows link of the payment system and at company’s web-site makes payment confirmation. Replenishing of the PayPal account is made via credit card or bank wire in order to verify that you are a real person.

E-Gold

This system is different from others. Making a transaction you are buying precious metals (Gold, silver, platinum). Your money is on your account in grams or kilograms of precious metals. Withdrawing funds you made inverse operation. It should be mentioned that while your funds are at E-Gold account the real price of your investment may rise or fall. The transfer between wallet WM and E-Gold is rather simple, that gives more opportunities for management of your own funds. Advantages of this system are the following:

  1. democratic approach;
  2. anonymous and simple registration;
  3. partnership relations with other payment systems;
  4. juridical liberality.

Commission something about 1 %, the system takes not more than 50 US cents.

Moneybookers

Moneybookers allows client who has e-mail to send and receive money on-line using e-mail. As the system is English, you have to remember that all the transactions of your money are regulated by the Great Britain legislation. Currency of the account you can choose while registration. Advantages: there is no need to setup special software, all operations with account and funds can be carried out at Moneybookers website.

For getting access to my account I needed to enter only e-mail, password and image verification. As soon as I transferred some money my recipient received an e-mail about money has been transferred to his account. Following the link pointed in e-mail recipient enter the system and immediately money enters his account. Since the moment payment is considered as finished. If recipient do not claim the payment during 14 days, money is transferred to my account back. So everything is simple. Ohh, yehh… Transaction fee is taken off from sender. It is 1 % of payment amount, but no more than 0.5 euro.

Liberty Reserve

History of Liberty Reserve is connected with the rules toughening of E-Gold system usage since 2007 in order that exculpate accusation of USA authorities about money laundering. It is manifested particularly in blocking enter the account through the public proxy and frozen accounts of some HYIPs. In HYIP traders’ community active search for alternative payment instruments began. All of them wanted to find payment system that meets the requirements of anonymity, reversibility of transactions and independence from threatening American justice.

In my opinion Liberty Reserve meets all these requirements. I have an impression that location of the main office in Costa Rica but not in the USA is the pride for the owners of this system. Anyway at the page with comparative description of Liberty Reserve and other payment systems the fact of Liberty Reserve activity independent from the USA justice was pointed out especially.

From users’ point of view there is no claims to this payment system. And from the non-users’ point of view I can point out the seriousness in accounts defense.

As disadvantage I would say impossibility of depositing and withdrawal funds from/to banks and credit card. All deposit/withdrawal transactions are available through exchangers. The list of exchangers are given at Liberty Reserve website.

LiqPay

In the end the latest of my experience of using payment systems. I was lucky to try this system in practice ahead of the game. This system allows sending money from the credit card Visa or Master Card to the virtual account in LiqPay system, tied to the mobile number and vice-versa. After that money can be transferred to another mobile, withdrew from LiqPay system to your credit card back and left in the account and used it later. LiqPay is useful if you want to transfer money to the person you know only mobile number of. It does not matter whether this person is registered in the system or not. Short message will be sent to him with offer to receive money at the LiqPay website. Enter the website he/she can transfer it to his/her credit card or send it to another mobile.

Moreover I tried this system to pay for goods in Internet. And it really solves the problem of micro payments in Internet. Min amount for transaction is 0.01 USD, max – 2500 USD.

In my opinion LiqPay has a good future.

Opportunity of withdrawing funds to the credit card, speed of transactions executing and possibility of micro transaction executing proves my optimism.

Resuming above I can note that every payment system has its advantages and disadvantages. Somebody is concerned about anonymity and liberality of control; somebody prefers 100 % of protection and reliability. I always value time and comfort. In due time I used all these systems and once banking system. So my choice as follower of the intraday trading on Forex – WebMoney and LiqPay. But everybody decides him/herself. Choice of payments system is huge.


The article is added by Alexey Badianov,

InstaForex specialist in finance