Posts Tagged ‘forex broker’

Yuriy Zaycev is the Analyst of the Year 2012

Monday, September 30th, 2013

zaycevIFX: Hello, Yuriy. Congratulations on your victory in the Analyst of the Year contest held by InstaForex together with international portal for traders. How do you feel about your victory?
Thanks a lot for the congratulations. Indeed, the contest is large-scale and captivating for everyone, I mean, for participants, traders, and onlookers. Firstly, the contest allures by its originality: for the time being of the market development I cannot recall an annual contest for the analysts. And I am very happy to be the winner.

IFX: Was it your primary target to win? Or was the participation itself more important for you?
Initially, I planned to enter the top three of the analysts. When I reached my goal, I analyzed my work more thoroughly and discovered the points to improve. I promoted my blog enriching it with analytical materials and soon it earned great popularity. Then I set another aim – to gain the first position.

IFX: What do you think, how do your analytical reviews differ from the others? Why do you think you manage to be the first?
Before being an analyst, I have spent years on trading: managed accounts of various individuals and legal entities via Russian and foreign brokers. Now I know pretty well what a trader needs. Above all, a trader requires fresh analytics which is published on time. In case of any delays, a trader gets nervous, refers to another expert which troubles convenient work with the materials of the well-known author. If the delays happen too often, a trader opts for another analyst.
I have ab ovo decided to publish the materials ahead of the others. After a week or two my strategy proved to be successful: the traffic of my web page profile and blog was the highest.
Well, of course some kind of simplicity and cogency of the materials presentation is important. When it was possible, I tried to give simple recommendations, to wit, today the market is going up… And quite often I was right. One of the traders figured out that I had 75% of correct predictions for the entire contest. If I, as the majority of the analysts, gave ambiguous explanations, I would have nothing to stand out.
Moreover, I was consulting traders by Skype and ICQ.

IFX: Yuriy, do you think that the functions of a trader and an analyst are the same? How could you describe a successful trader? What about a successful analyst?
I believe these are two entirely different notions. To make a prognosis, an analyst spends several hours. Finally, he presents a material that eases a trader’s work even if he can plan his working day by himself. A professional trader can just cast a glance at the forecast to estimate its value. So, is there a need to analyze a market individually if you always have information at hand? A trader just has to wait for the moment to enter the market or stay on hold.
Now let’s imagine the work of traders in investment companies or banks. A trader cannot open a position at his discretion; he sticks with the trading plan of a group of analysts. But a trader must close the position in case the situation changes dramatically. It is not about who is more intelligent, but rather about the sharing of responsibilities.
Based upon my experience, I think that the criteria for being a successful trader or an analyst are different (by the way, I really like this question). A prosperous trader is a bundle of nerves. He must wait for the right open signal to be formed, enter a deal, and then close it. It seems to be so easy, isn’t it? But if a trader has three successive losing trades and he is not affected by them, does not strive to play everything back, then he is a valuable person for an investment company. On the whole, I would define a successful trader by a stable monthly revenue. If the profit is not big, a trader does not risk, but implements the risk management strategy, which proves that he is self-possessed.
The success of an analyst can be defined by the accuracy of his forecasts. Many analysts became famous for their predictions of a crisis end or beginning. Well, it is not success in broad terms, but still popularity. In this case, the success is in stability as well.

IFX: What is the major type of analysis for you and which one is the minor?
I started out as a technical analyst, later I studied fundamental analysis which increased the accuracy of my analyses in defining the market trends and reversals. Now I prefer complex analysis.

IFX: In your analysis published on InstaForex website you employ your own methods of technical analysis. Do you think the creation of your own indicators and methods of analysis is obligatory? Or maybe it is enough to handle common norms and principles of analysis to trade successfully?
Yes, it is enough to operate backtested methods of analysis. However, an analyst is creative by his nature. There comes the time when he gets a craving to broaden the horizons and advance his basic system.

IFX: Yuriy, do you think that a trader should have a trading system? Is it useful for decision making or does trading on modern financial markets resemble a random walk? And as for the results, can the success be achieved but with no stable profit?
A trader must have a trading system. Moreover, until he finds one that suits his psychology and spirit, he is a would-be trader.
My system was developed out of random walk hypothesis. Plot a chart on a piece of paper, and I will show that even a random chart can be described by traditional instruments of technical analysis. The result is fitting: if the trader is not in a hurry, he waits for the moment, then he will earn a stable income.

IFX: How do you imagine your future as a financial analyst? Do you want to learn markets you are not working with now?
Getting in touch with futures and options markets, I saw how the authors of the books described the instruments that rule the markets, that are groundbreaking. They did not stint on the buzzwords. However, I still stick to the opinion that the currency market is self-sufficient, it is growing in volumes from year to year and it barely changes. I feel comfortable, and now I do not want to try another market.

IFX: Yuriy, could you please tell, an analyst, either technical or fundamental, should trade markets according to his own forecasts? Or maybe the main goal is to provide up-to-date information about further price movements for traders who could make their own decision basing on this information?
Not obligatory, but a good thing to do. Trading himself, an analyst is more vulnerable to his projections and does not go soft.

IFX: Are you planning to partake in the Analyst of the Year contest once again?
Not this year again, I guess. Unending consultations during the contest without rest and weekends used me all up. But next year, I will probably struggle again.

IFX: What could you wish to those who have just started trading financial markets?What is the best way to start studying methods of financial analysis, to your mind?
The only thing I can wish is patience. The path of financial trading is rough and long. And it is better to start it in the classy way. All computer indicators, graphics, and trading methods are based on the principles described in classic books. Having understood them, a trader can master the novelties easier.

IFX: What is your projection for the currency market, say, in the nearest couple of years?
In the course of a couple of years, I think, nothing will change globally. However, the world is inevitably getting globalized. New supranational currencies will appear and they can greatly affect the market. As a result, new mechanisms of the market regulation can emerge.

Stanislav Polyanskiy: one of the best analysts of 2012

Wednesday, September 25th, 2013

polianskyIFX: Hello, Stanislav. Let me congratulate you on the victory in the Analyst of the Year award by InstaForex and the international portal for traders МТ What do you feel after your triumph?
Thank you. I’m very glad that my work was appreciated by the MT5 portal followers, because it was them, who voted for me. And it is very pleasant. That is why I would like to thank those traders and wish them profitable Forex trade.

IFX: What is the difference between your analytical reviews and the ones of your colleagues? I mean, why users of gave their votes particularly for you?
I think that my analytical reviews differ in its simplicity. I do not use complex methods of market analysis that could be misunderstood by newcomers. All the analysis techniques that I use are well-known and well-tried, and what is the most important, are completely understandable to all the traders regardless of their experience on Forex.

IFX: What are the principles of financial analysis that you stick to? What is the secret of the successful forecasting?
There are a lot of factors that influence the currency pairs and other financial instruments movements. The situation on Forex market is quite unstable, so you are supposed to timely react and make some changes to the analysis. Thus, the major principle is to be constantly online. I mean, you should watch the trend of the chosen instruments and not leave the open positions to chance, especially for a long period of time.

IFX: Stanislav, are there any foreground strategies of technical analysis? What are the ones that you would not recommend to use on the today’s financial markets?
There are a lot of types and methods of analysis, indicators, and trading schemes. Every technique is useful in its own way. However, there is no method or indicator that could forecast the market behavior with 100% probability. Therefore, to get more comprehensive and clear picture of what is happening on the market, you should use the package approach containing several types of analysis.

IFX: Was your participation in the Analyst of the Year award the first experience of international analysts’ contests? Are you going to take part in the award one more time?
Yes, that was my first and, as you can see, quite successful experience. I’m very glad. I will participate in the Analyst of the Year award next year for sure.

IFX: What is the key factor determining the successful trading on the financial markets? Do you see eye to eye on the fact that the trader’s success is based on the trading psychology, accurate set of strategies, and way of thinking?
Yes, I’m pretty sure that the key factor is trading psychology. Nevertheless, it is useless without special knowledges and skills. First of all, every trader should be well-versed in at least several types of analysis that he is going to apply. Besides, a trader should be self-disciplined and learn from the mistakes. Self-discipline lies in sticking to the rules of the trading system work. To learn from the mistakes means to analyze the failed deals in order to avoid such mistakes in future.

IFX: Do you have your own role models among traders?
No, I do not. I have learned almost everything that I know by myself, so I keep improving my own skills and abilities and discovering something new.

IFX: Stanislav, are a trader and financial market analyst the same or different?
Most of the people trade on their own trading account for themselves. In this case a trader is an analyst at same time. There are also groups of people that cooperate in order to trade on Forex. Such groups are divided into analysts, who analyze the current situation on the market, and traders, who make decisions on trade deals.

IFX: How long does it take a trader to start earning by trading? Is it possible to receive steady income?
A steady income is possible, of course. The most important thing is to understand what do you want to get. It is a commonplace for a trader to dream of making millions from the beginning. Attempts of such a person usually fail and he or she tells all the friends that it is next to impossible to gain with Forex. Trader is a profession, just like engineer or banker. To become a qualified engineer one needs to study at university for about five years. Thereafter he or she will get a job and some more years later gain required experience. Hence, a trader will start receiving a regular income in 3-5 years.

IFX: If someone expresses a desire to become a trader or financial analyst, will you support the idea or try to dissuade?
I will support that person for sure. The trading on the currency market may bring an additional earnings and later become a main source of your income.

IFX: You are one of the best analysts of 2012. Did the cooperation with InstaForex predetermine your success? How does the level of broker’s service affect the successful trading on financial markets?
Working in a serious company with highly-qualified and responsible people always fosters your personal development. High-level service, which is crucially important in any field, usually determines your choice of the broker company. I am glad that I cooperate with InstaForex, which has an irreproachable reputation and professional attitude to every client and employee.

IFX: What are your predictions concerning the Forex development for the next couple of years?
Ten years ago just a few people knew about Forex. To date, the number of its newcomers have been rising every year, so, I think that the amount of new traders will do nothing but increase.

Victoria Azarenka is the new face of InstaForex

Saturday, July 27th, 2013

InstaForex cooperates with 2012 WTA world #1 and two-time Grand Slam Champion, Victoria Azarenka. Partnership with Victoria Azarenka, the leader and idol of modern elite tennis, began in April 2013.

Last year was more than triumphant for Victoria Azarenka: she came first at Australian Open, earned gold Olympic medal, and took the first position in WTA rankings. The current year was marked by another victory at Grand Slam in Australia. It cannot go unnoticed that Victoria’s determination, will to win, urge to continue working no matter what happens are also the traits of InstaForex traders who are striving for success and higher achievements.

In the video presented below Victoria Azarenka tells about the full background of her professional development on the way to a niche in the temple of fame . The page will be constantly updated. Thus, Victoria will share her formula for success with InstaForex customers and give some tips on how to develop a winning attitude, deal with losses, and do not give up in difficult situations.

Root for Victoria Azarenka, trade with InstaForex!

InstaForex is an official sponsor of Marussia F1 Team

Wednesday, July 24th, 2013

InstaForex has become an official sponsor of Marussia F1 Team in the Russia’s largest automotive show Moscow City Racing that took place in the heart of Russian capital July 20-21, 2013. The debutant at F1 Max Chilton took part in the demonstration run in front of the Kremlin.

On July 19, InstaForex and Marussia F1 Team held a press conference at the RIA Novosti press center that gathered representatives of the major national and international sports media. Thus, most actively participated such sport news agencies as R-Sport,, and international newspaper The Financial Times.

During the press conference, Marussia F1 Team CEO Andy Webb highlighted that the team bears a considerable likeness to InstaForex broker in the number of employees and development strategies. Meanwhile, InstaForex Director of International Affairs Ekaterina Pobedinskaya appreciated the mutual cooperation and voiced the hope that the participation of Marussia F1 Team in Moscow City Racing sponsored by the broker will be the cornerstone of its future development.

As for Moscow City Racing, the show was a great success with spectators over 300,000. One of the world’s biggest auto shows was an excellent start for a young driver in particular and Anglo-Russian team on the whole so that to meet their fans and show their brilliant performance. A huge number of people witnessed an outstanding show of Max Chilton and other titled racers. Some of them were lucky to have the paddock pass. The visitors of Marussia F1 Team’s paddock had a matchless opportunity to meet the driver and mechanics, get autographs, take photos of the car and racers.

The cooperation with Marussia F1 Team enabled InstaForex TV journalists to enter the holy of holies – the team’s paddock, where Max Chilton gave an exclusive interview while preparing for the show. Moreover, the broker’s representatives were allowed to get inside the car; they understood what it is like to be an F1 driver.

InstaForex and Marussia F1 Team are glad to have taken part in an annual event in the racing world that contributes to the promotion of interest in the F1 championship. We sincerely hope that Marussia’s participation in Moscow City Racing will become regular.

To learn more about the participation of Marussia F1 Team in the past event and view detailed audio and video reports, please go to InstaForex official website.

InstaForex — united we win!

InstaForex partners with the Marussia F1 Team

Thursday, March 28th, 2013

In spring 2013, InstaForex became an official supplier of the Marussia F1 Team, a participant in the prestigious and challenging FIA Formula One World Championship. InstaForex, one of the world leading brokerage companies on the currency market, supports the aspiration for high achievements and an active life style.

That was the reason for establishing a cooperation between the young and promising MarussiaF1 Team and InstaForex. The Marussia F1 Team has already demonstrated the spirit of rivalry and drive to challenge the more established teams. A goal that aligns with our own.

Partnering with the Marussia F1 Team, continues a good tradition of motorsports associations started by InstaForex – back in 2011 the company co-operated with InstaForex Loparis Team, the participant of the international Dakar Rally and the winner of the Silk Way Rally 2011.

Instaforex branding can be seen for the first time on the Marussia F1 Team cars that will compete in the 2013 Formula One Petronas Malaysia Grand Prix that takes place on Sunday 24th March. We know that the Marussia F1 Team will show its mettle and try and achieve its desired goals.

Andy Webb, CEO, Marussia F1 Team
“It is with great pleasure that we welcome InstaForex to the Marussia F1 Team – our second partnership with a major Russian company to be announced in as many weeks. As an Anglo-Russian team looking forward to the inaugural Russian Grand Prix in Sochi next season, we are thrilled that our clear progress over the winter and positive start to the new season are being met with such support and enthusiasm back ‘home’. This partnership and the access it affords to our Team is another way in which we can help to take Formula 1 to Russia and bring more of Russia to our sport.”

About the Marussia F1 Team
Small is beautiful. That’s certainly the premise of the Marussia F1 Team, a young and ambitious Anglo-Russian challenger competing in the FIA Formula 1 World Championship.

Virgin Racing joined the Formula One grid in 2010. By 2011 sponsor Marussia had purchased a shareholding in the team and renamed it Marussia Virgin Racing. In 2012, the team became known as the Marussia F1 Team – the first Anglo-Russian Formula 1 Team. The operation is now based in a new UK HQ and following significant investment is aiming to challenge the more established teams in 2013.