Posts Tagged ‘forex’

14.01.2012 Post in Trading

Speaking about Forex trading efficiency, people often mention teamwork. Who is more efficient on Forex: individual trader or a team of traders working in a synch? Traditionally, every private investor is for himself on Forex. However, teamwork may vary a bit, being formal or informal. Traders have not agreed on teamwork efficiency though. Some say that a team is totally unsuitable on Forex while others find good reasons in defense of a collective mind. We will consider pros and cons as well.

Physiological aspects of team and individual trading are considered as the most controversial issues. Trading alone, you are alone responsible for your decisions which you do not need to coordinate with other traders. You spend on market analysis as much time as you deem necessary to make a trade. Still a possibility that you make a wrong decision is high. A man has limited capabilities, and provided that you are not enough skilled, a risk to lose is much higher.

komandaIn a team, responsibility is shared by its members both psychologically and econominally. A team collectively discusses a problem and elaborates a decision that will satisfy all its members. It does not annul risks though. Collective decisions may be even more risky than individual. It is again associated with psychology of teamwork: a team may overestimate the value of a profitable trade and underestimate the risk of losing. Working as a team, people normally tend towards positive risks. Moreover, members may confide decision-making in their experienced co-member or leader thus decreasing efficiency of collective work.

Fortunately, a team may incorporate different people with different skills who can provide together a comprehensive evaluation of challenges. In addition, a total capital of a team is generally more that a capital of an individual trader.

A sort of hierarchy is recommended even for informal teams. Members should share coordinated purposes rather than seek personal profits. The main challenge is time which is required more to make a collective decision, especially when members disagree. But a team may have a formal or informal leader with a decisive vote. Team members can also set certain limits and divide scope of activity.

There is no categorical answer on whether it is better to trade on Forex alone or in a team. Nevertheless, most traders agree that if you work in a team, you should better make sure that your team consists of professions only who know their business and can follow rules.

Added by Kristina Leshkevich,
InstaForex Clients’ relationship manager


27.04.2011 Post in Events

This is the third time InstaFX Education Centre holds a seminar. We chose the town of Wonosobo from the three we visited. The residents of Wonosobo are potential to increase their investments in various fields including Forex trading. Wonosobo’s public euphoria of Forex field is quite large. This is evident from the participants of the seminar amounted to 150 people, the exciting number for us as for organizers.

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The seminar of 24 April 2011 was attended by people of various professions and walks of life, such as businessmen, civil servants, private employees, students, mothers and even households. The seminar was divided into 3 sessions, the first session was delivered by Mr Agung who gave a seminar on “Introduction to Forex”, the second session was presented by Mr Abiyanto who presented the speech on “Beware Of Scams Impersonate Forex”, and the last session was delivered by Mr. Danis Linggar P who held a seminar on “Introduction to Education Centre and the introduction InstaFX School Website”. That seminar took approximately 4 hours, in addition to our seminar organizers provided the opportunity for participants to attend a workshop that will benefit on 12-13 May 2011. This seminar helped us to gain the insight into the audience and make them open vanishing the negative impression about Forex.

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19.04.2011 Post in Trading

Everyone strives for success. Such notion as success can refer to different things and it depends on people’s characters and cultures, recent events or value system. Often success reckons a symbiosis of financial stability, good health and decent appearance. However, financial component of this formula has been condemned for a long time. Against the background of inwardness being the main value, money has been treated as a negative element in the human aspirations.

Recent investigations proved that financial stability is closely related to other parts of person’s satisfaction – there are some proofs of describing the financial matter in the most respectable doctrines. One of the most popular activities for a person of any age and sex is yoga. Many times yoga has proven that its main goal is comprehensive development of a personality including the financial provision.

Physical improvement is not the only positive effect of yoga exercises. It helps to perfect an appearance which is possible due to internal development and improvement of the emotional climate in a person’s consciousness.

It is curiously enough that the financial element of a man’s life and the world of yoga are closely connected. First of all, yoga exercises give confidence. It follows that self-confidence is a background of the financial success for both businessmen and people who work on the financial markets.

So if you spend an hour a day on yoga, your internal state will come to a balance, you will be self-confident, your emotions will be calm and, consequently, you will reasonably and consciously trade on Forex market. Pay attention to the balance of your mind and positive result on the currency market will not be a long time coming.

Added by Anna Shubina ,
InstaForex Clients’ relationship manager

08.04.2011 Post in Trading

How do different zodiac signs behave when trading on Forex market? What mistakes are typical for each of them? Which symbols can bring them luck? Which numbers can be their lucky charm? Which currency is the most favourable for each sign?

As any activity, Forex trading requires certain skills and qualities, such as ability to analyze current events and predict their development.

Let us have a look at Forex trading from astrological point of view and find out which numbers and symbols can be fortunate or unfortunate for a trader.

Aries

Ruling planets: Mars

Symbols and charms: horn, red-yellow square, hammer, knife, gold.

Favourable colours: scarlet, orange; unfavourable colours: violet.

Favourable numbers: 9, 11, 4, 7.

Favourable days of week: Tuesday.

Unfavourable days of week: Friday, Saturday.

Currency: US dollar

Aries traders are the driving force of the market. Aries are usually characterized by the burst of emotions. They are inclined to financial ventures, have little patience to keep positions and tend to close deals prematurely. Aries are good at high volatility and get bored during stagnation.

Taurus

Ruling planets: Venus

Symbols and charms: winged bull, eagle-owl, golden calf

Favourable colours: yellow, green, rich orange; unfavourable colours: red.

Favourable numbers: 6, 16, 2, 4.

Favourable days of week: Monday, Friday.

Unfavourable days of week: Tuesday.

Currency: Australian dollar, Swiss franc.

Taurus traders have fascinating persistence; they always stick to the proven trading tactics. However, their stubbornness is not always good for them, sometimes it can lead to considerable losses because of their desire to keep an unprofitable position. As a rule, Taureans never panic.

Gemini

Ruling planets: Mercury

Symbols and charms: mask, hand.

Favourable colours: grey, violet, light yellow; unfavourable colours: green.

Favourable numbers:  18, 15, 12, 3, 5.

Favourable days of week: Wednesday.

Unfavourable days of week: Thursday.

Currency: British pound, Canadian dollar, US dollar.

Geminis are under protection of Mercury. Traders born under this sign are in their element being surrounded by this vast flow of information. Geminis are usually excellent traders and brokers.  Quick reaction and their ability of finding a way out of a complicated situation are the secret of their success on Forex market.

Cancer

Ruling planets: Moon

Symbols and charms: heart, cancer, clover, silver.

Favourable colours: blue, white, light blue, light green, silver.

Favourable numbers: multiple of 2.

Favourable days of week: Monday, Thursday.

Unfavourable days of week: Tuesday, Saturday.

Currency: Australian dollar, New Zealand dollar.

Despite the fact that Cancers are immersed into their feelings, they still can be very successful traders. With each unsuccessful deal they accumulate experience that helps them avoid such mistakes in the future. As a rule, Cancers open accounts in the most reliable and the least risky currencies.

Leo

Ruling planets: Sun

Symbols and charms: eagle, lion, swan, amber, gold.

Favourable colours: gold, purple; unfavourable colours: white.

Favourable numbers: 11, 5, 1, 9.

Favourable days of week: Sunday.

Unfavourable days of week: Saturday.

Currency: Japanese yen, euro, US dollar.

As a rule, Leo always gets the biggest prize, both on the market and in real life.

For Leo Forex trading is kind of a theatre performance where he/she plays the main role. However, their disadvantage is that they cannot stay on top because of their greed and constant doubts. Thus, Leo traders are recommended to consider the opinion of Forex analysts.

Virgo

Ruling planets:  Mercury

Symbols and charms: aster, red poppy, cube.

Favourable colours: light blue, violet, white, green.

Favourable numbers: multiple to 5 and 12

Favourable days of week: Wednesday.

Unfavourable days of week: Thursday, Friday.

Currency: Swiss franc, Japanese yen, US dollar.

Traders born under the sign of Virgo are more successful in their job than any other sign. There are many successful people among Virgos, who earned a fortune with the help of their intellect.

Their mental structure allows them to detect the slightest fluctuations on the market. Besides, Virgo traders are very patient. With the help of technical analysis Virgos make their most grandiose plans come true.

Libra

Ruling planets: Venus.

Symbols and charms: rose, violet.

Favourable colours: dark blue, pastel colours.

Favourable numbers: 7, 15, 8, 9.

Favourable days of week: Friday, Saturday.

Unfavourable days of week: Tuesday.

Currency: British pound, Chinese yuan.

Weak psychic setup and special character of Librans is quite incompatible with trading. However, if they decide to get a trading account, this is a big step. Since Forex trading requires quick decisions, Librans might stumble and hesitate to make choice. In order to become a successful trader Librans should overcome their lack of self-confidence and work out their own strategy.

Scorpio

Ruling planets: Mars, Pluto.

Symbols and charms: pyramid, pink, peony, Ophiucus.

Favourable colours: dark red, raspberry pink, yellow.

Favourable numbers: 4, 8, 10, 11, 100, 666.

Favourable days of week: Tuesday.

Unfavourable days of week: Monday, Friday.

Currency: euro, US dollar.

On the market Scorpios are inclined to be suspicious and explosive. Scorpios are really attracting money. There are many rich people among Scorpios. No matter the situation, Scorpios always look calm and confident, though they might be burning inside.

Even when everything is lost, Scorpio can quickly restore his/her funds. After years of trading Scorpio becomes a typical trading tycoon capable of conquering the market.

Sagittarius

Ruling planets: Jupiter

Symbols and charms: centaur, horseshoe, narcissus.

Favourable numbers: 4

Favourable days of week: Thursday.

Unfavourable days of week: Wednesday.

Currency: Canadian dollar, US dollar

Optimism, inclination for risk and excitement, the ability to invest properly are invariable qualities of Sagittarius. However, traders of this sign are not that good at analysis and forecasting. In order to avoid skipping relevant information Sagittarius should pay attention to the opinion of Forex analysts.

Capricorn

Ruling planets: Saturn.

Symbols and charms: clock, stairs, zigzag.

Favourable colours: black, ashy-grey, blue, brown.

Favourable days of week: Tuesday, Saturday.

Unfavourable days of week: Monday.

Numbers: 7, 8, 3, 5, 14.

Currency: Swiss franc, British pound.

Thanks to the inherent sense of proportion, obstinacy and insistence, Capricorns have all chances for success on Forex. In order to make impressive accomplishments on Forex, Capricorns should dedicate much time to gaining practical experience through attending seminars and master classes, and also reading specialized literature.

Pisces

Ruling planets: Neptune.

Symbols and charms: pearl, fish, wave.

Favourable colours: violet, steel-blue, sea-green.

Favourable numbers: 6, 7, multiple to 7.

Favourable days of week: Monday, Thursday.

Unfavourable days of week: Wednesday.

Currency: Australian dollar, New Zealand dollar, currencies of Eastern countries.

Innate intuition of Pisceans ensures their success on Forex. They hardly would examine charts, news and indices; they are more likely to estimate trading forecasts, appraise opinions of other market participants to make their conclusions. Pisceans have a great potential to become high-class analysts.

Aquarius

Ruling planets: Uranus

Symbols and charms: key, wings, hand.

Favourable colours: lilac, emerald-green, violet; unfavourable colours: black.

Favourable numbers: 9, 13, 2, 4, multiple to 4.

Favourable days of week: Wednesday, Saturday.

Currency: euro, Japanese yen.

Constant changes of market indicators, continuous information flow and market dynamics totally fit the temperament of Aquarius. They are good at dealing with information; however, their disadvantage is being careless, inconsistent and short-sighted. Collaboration of Aquarius and Virgo or Capricorn might bring remarkable results on Forex.

Added by InstaForex Staff