Posts Tagged ‘Sucess’

Success story: InstaForex client has become a millionaire

Friday, May 13th, 2016

We are delighted to share another success story of our InstaForex client, the same trader as you are. Today we are going to tell you about Sergey Fevralyov, who managed to increase his initial deposit tenfold from $1,500 just in two weeks.

We have to admit that success did not come to Sergey overnight. He earned his luck through patience and hard work. Sergey says he has been trading on Forex since 2008 and joined the ranks of InstaForex traders in 2009, staying with us up to the present moment. “I started trading in 2008, when the market in Russia was evolving rapidly. After almost a year of trading with my first broker, I was disappointed with a number of conditions and left. I left for InstaForex,” Sergey confides.

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Actually, a tenfold built-up to the deposit is not the first time when Sergey succeeded in the currency market with InstaForex. Through 8 years of working in Forex, Sergey Fevralyov purchased a car for the money he earned from trading and now keeps on adding to his deposit and makes profit. He also regularly becomes winner and runner-up in various campaigns prepared by InstaForex. Sergey did not win a premium car, though he reached the top positions of the Real Scalping chart several times. Followers of the contest digest must remember his name re-appearing among the winners.

Sergey’s latest achievement is an enormous success and demands a fair amount of luck because it is not that easy to boost the initial deposit in five or even ten times. Meanwhile, Sergey Fevralyov continues to make steady profits and increases trade volumes, being one of the most outstanding traders in Russia. It will be enough to mention that he holds an account with $45,000 involved in trades. Sergey reveals a serious approach to currency trading where the key to success lies in patience and experience. What is more, he is a striking example of a successful forex trader who has such traits as will and determination to make decent money.

“What I liked about InstaForex is their attention to my needs. I can always settle any issue with the team. It has been exciting to take part in contests. I even ranked high in them. I am also attracted by bonuses on every deposit. In order to make money in the forex market, you have to pursue your strategy and don’t give up if you incur losses,” Sergey Fevralyov comments on his experience.

We wish Sergey profitable trading with InstaForex! And we hope you, dear traders, have the same success stories with even bigger profits.

Final step toward success – Automatic Trading

Friday, July 13th, 2012

Effort only fully releases its reward after a person refuses to quit.” -Napoleon Hill

After devising a strategy from a trader’s granary of knowledge and experience. One final step is only needed for a trader to attain financial stability, Automatic Trading System.

It is a program code intended to apply the devised strategy in a manner that it would run the trade automatically. It is often used with Indicators and Expert Advisors to assist in performing the intended task. To create such system, skills in both trading and programming is required. A trader must first convert his strategy into a set of rules that the computer would understand. After doing so, the computer would run it through your trading software which would then seek trades that would fit to the rules.

Formulating the algorithm and its automation could really be a challenge and thus should be carefully tested to make necessary corrections. But once finished, the reward greatly compensates the author. It would provide a continuous source of money for a long time unless the market demands such changes. Like any other system, it also has 2 sides. The good and the bad one.

Advantages

1. A trader doesn’t need to monitor all the time. It gives the trader the chance to concentrate and exert more effort in improving the strategy and money management rules.
2. The human factors are dispensed. The emotions and human error that lead us to abdicable results would be taken out of the formula.
3. Executions of orders are maximized since it would only need a signal to perform the task.
4. It provides more potential profit because it could run continuously.
5. The strategy would be strictly followed. Unlike humans, it wouldn’t hesitate its course.
6. The already gained profit is more secured

Disadvantages

1. The loss may go out of hand if the algorithm is not properly coded and tested.
2. Certain rules are impossible to code thus making it difficult to create the automated system.
3. It is not flexible. Unlike an experience trader that may react once a perceived potential to profit is seen, this kind of system would strictly follow its course, thus losing the potential profit that could be gained.

If you’re wondering if all the troubles is worth it – I would definitely say yes. There maybe times wherein we may wear from trading but with this kind of system it would save us from the supposedly deficit in our profit. Plus the benefit of acquiring the leisure of time to spend in more important matters really gives a favorable vantage.

Stephen Stevenson.