Posts Tagged ‘trader’

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.

Dmitri Gurkin – successful PAMM trader

Monday, October 7th, 2013

gurkin_dIFX: Hello, Dmitri. How did you start up your trading career? What difficulties did you have to face at the beginning?
Hello. My first trading experience dates back to 2005. I guess, like many other traders, I learnt about Forex via advertising. I was allured by the fact that Forex allows running into money without effort from home, according to the advertisement. So I began studies on my own. Luckily by that time a great amount of economic literature was available. As for the challenges at the very beginning, I can barely recall them. There were only some kinds of technical troubles as post-Soviet dealing centers just entered the market those days and were using scam methods. Over the years I blacklisted some of them, but other proved to be good to work with even now. The majority of the dishonest brokers ceased to exist due to their dishonest policy.

IFX: How much time did it take you to develop your personal trading system? Could you specify the major steps for creation of stable approach to trading?
The basic principles emerged in 2007. However, I improve my trading system every year to adjust it to the Forex market changes. I would not go into particulars as it will take a lot of time. Moreover, successful traders with wide experience know about these nuances. And newbies should interact more with the professionals to gain experience and knowledge.
As for the major steps I had to go through during the development of a stable trading system, I can figure out the following:
1. Fundamental and technical analysis study.
2. Development of market forecasting methods which are the basis of a trading system.
3. Development and testing of an individual trading system on demo account for a year.
4. Trading on live account, system’s correction according to the activity on a real account.
I repeat that the system changes in real time. Hence, the basis is permanent. However, risk management strategy is to be revised annually. In any case, all the adjustments and corrections are a good practice as they help me to be among top traders for 6 years already.

IFX: What kind of financial analysis do you stick to: technical or fundamental? What is your primary target as a trader, what is important for financial asset analysis and what is not?
I work with fundamental analysis solely. The medium-terms projections are all based on it. Only correct fundamental analysis can determine the future trend of a currency instrument. For the 6 years of my trading experience I was 100% accurate in my projections for the majors.

Taking my experience into account, I can say that technical analysis works for 50% of the cases. The market changes every year and yesterday’s patterns cannot give you the desired accuracy. The charts of the currency pair’s movements sometimes go regardless of any analysis. As the result, trading turns to a game, but not work.  Money is not a toy though, which is why books on technical analysis are dusting on the bookshelves. However, even bad experience is vital, so I do not regret having it.

IFX: Dmitri, you are managing an international investment project. What is investment for you and how serious a trader should be to become a successful managing trader?
I manage a rewarding D-Profit international investment project, the success of which reflects the level of responsibility and gravity of my approach to the investors. In this connection investment represents financial opportunities for me as for an investor. Six years is a long period for Forex market provided that every new trading day and closed deal is a test for reliability of responsibilities in front of our investors.

IFX: Dmitri, you are a partner with InstaForex. What are the principle factors in cooperation with this company from the point of successful partnership?
I knew about InstaForex since the moment the company was founded. First of all, it was actively developing meeting the needs of its customers. I also liked the wide selection of trading instruments. Well, nothing was perfect at the beginning from the technical perspective, but as a result of great Customer Support Service work, all the problems were tackled easily. Eventually, everything was fixed and now InstaForex is the most powerful and effective trading platform on the Forex market. I would like to thank Partner Department in particular. The specialists demonstrate professional approach and try to solve all the problems in no time.

IFX: You did a go at the PAMM system by InstaForex. Why did you choose it? What are the advantages of the PAMM system in contrast to the trust management?
The PAMM system by InstaForex is an automated modern tool of financial assets management which helps to derive maximum comfort from cooperation in the trader-broker-investor chain. The investments are accepted and returned automatically, so is the profit. In trust management a trader works with tens of trading accounts, whereas the PAMM system implies accumulation of all the investments on one account. The PAMM investment is beneficial for investors as well. They still control their assets having an opportunity to cancel their investment without a trader’s approval. All these features together with perfectly adjusted technical opportunities make the PAMM system so attractive. Thus, I have decided to open the PAMM account #1 in the D-profit project. As of today, more than 500 investors are in this project, the total amount of investments exceeds $400,000. The project exists for 2 years already. Great opportunities provided by the PAMM system are due in no small part to the project success.

IFX: Dmitri, some traders believe that it is better to trade your own funds without attracting investments. What do you think about it?
Investments attraction is an international practice. The funds are flooded into construction, explorations, and management with the purpose to derive profit. Of course, it is better to earn $100,000 in a half of a year managing $1 million rather than possessing just $1,000. I started up with small capital of some hundreds, but now I operate big sums of money. However, trading somebody else’s money is a great responsibility. Hardly every trader can take it. Sometimes it is easier and more comfortable to trade your own money.

IFX: What is necessary to make an investment project successful? What traits of a managing trader are most important? What do you value in investors?
I think stability is the main factor for any profitable investment project. And by this I mean both trading risks and stable profits. Talking about the main traits of a managing trader, I can define two directions. The first one is determined by the level of professional competence: knowledge of a trading platform, risk management, accurate analysis, etc. The second one focuses on personal qualities. No doubt, responsibility is the major characteristic of a managing trader, then comes self-possession, ability to control your emotions and view the situation objectively. As for investors, first of all I value their loyalty and patience as Forex carries high risks for profit-making. It often happens that opened deals are not profitable from the beginning. Sometimes a trader has floating expenses for months until the trades meet the targets and can be closed in the black.

IFX: What are the prospects of joining your PAMM system project? On what does the potential profitability of client’s investments depend?
Investing funds into our D-profit project, an investor can get the following:
1. Stable profit exceeding the interest on bank deposits in case of long-term investment.
2. Low investment risks (not more than 30%) to which we are stick to for a couple of years.
3. Possibility of personal contact with the manager, consultations on investments.
4. The funds are transferred to the accounts of the largest and most reliable broker, we also use segregated accounts.
The investor’s profit depends directly on our trading performance. It should be noted that InstaForex contributes to investor’s earnings ensuring 6% of annual interest on invested funds. The rest of the profit is generated by the D-profit project. On average, an investor can get more than 20% of a profit. However, this statement is true for long-term investments as Forex is not stable and can be affected by economic crises and other events. That is why the profit is floating. For example, an investor’s profit totaled 25% for the first year, but dropped to 15% for the second. As the result, the income soared to 40% in two years. Once again, we base on the long-term investments which guarantee, above all, stable profit of our project in the future.

IFX: Can you say that when a trader switches from trading his own funds to investments, he professionally evolves? Or maybe it is just another way of trading when money is a trading instrument?
Well it is not a professional evolution but rather a trader’s personal revolution. As I said earlier, investment management is a great responsibility to other people. A trader can work for more than a year but cannot decide on managing other traders’ funds. Indeed, losing your own money cannot be compared to the responsibility taken for the hundreds of traders. On the whole, investments attraction is a wonderful trading option which can bring good money.

IFX: Do you believe that it is possible to get stable long-term profit on the market? Does trading worth diving into it?
As for me, trading is an inevitable part of my life. Thanks to my success, I have achieved a lot of targets. Is it worth trading? Of course yes!
Trading feeds my family and me. But I always try to find spare time for my relatives and friends and some time for rest. If a trader has tested a profitable system with low risks on practice, he can be successful in the long term. Meanwhile, in this case he does not need to spend 24 hours in front of the computer. On the top of that, automating the process of trading, you can devote several hours a day it. Now there are loads of technical opportunities to make it real.

IFX: Can you describe a successful trader?
Well, success is a relative notion in trading. For someone hitting a $1,000 jackpot in one deal is the success, while others prefer popularity in professional community to anything else. The thirds value years of working. Undoubtedly, all these are the component for success. For me personally, a successful trader is a professional who regards trading as serious and responsible work with sufficient for him trading result. It is a person who respects himself and others, who can analyze his faults, and develop his trading system.

IFX: Will you continue partnering InstaForex? What benefits do you see in cooperation with InstaForex from the trader’s and investor’s points of view?
I think that we will work close together with InstaForex for a long time. If everything is perfect, why to change it? Besides, we plan to improve our collaboration in future.
Reliability and confidence are the benefits of working with InstaForex. By this I mean reliability in trading platforms, safety of funds on the company’s accounts, confidence in company’s employees. With such an effective company I am sure about my funds and funds of my investors. The money will not just vanish, the earned profit will always be eliminated. For the large investors the safety of funds is one of the most important conditions to invest money. As far as I am concerned, InstaForex was the first to introduce segregated account service which was a helping hand for the investors with the deposits above $100,000. To my mind, there is no better guarantee for the funds’ safety. If an investor does not want to trade by himself, he can invest his assets to the PAMM account of the D-project or the accounts of other managing traders, partners of InstaForex.
In conclusion, I would like to wish InstaForex to be successful and prosperous.

Stop Loss- Traders Harness

Friday, June 22nd, 2012

Whenever mountaineers hike through unfamiliar treks, especially if the situation requires them to climb through dangerous mountain walls, there are tools that they use in order to ensure their safety.

Harness are used to secure themselves from unintentional slips that would put them to mortal danger. In Forex, traders also has this kind of tools. One of which is the Stop Loss.

Stop Loss is an order that is intended to close an opened position when a certain amounts of loss is accrued. Stop loss is designed to limit and restrict an investor’s loss when something negative happened suddenly on the market. There are 3 types of Stop Loss order:

1. Fixed Stop Loss – are set while opening a position and cannot be replaced until the deal is closed.

2. Sliding Stop Loss – is a Stop Loss that can be replaced any time depending on the price movement. It is on the traders discretion and advantage if he thinks that there’s a need for a sudden change in the order. Sliding Stop Loss is also known as Trailing stop, which can be replaced either manually or automatically depending on the setting.

3. Combined Stop Loss – is the combination of the former two.

There had been recent discussions regarding the importance of Stop Loss. Some traders pointed out that Stop Loss should be compulsory to trading because of its ability to secure and prevent further endangerment of the whole deposit. A safeguard from an unprecedented disaster for traders.

But some had ranted that it works as profits as well. When a position is opened a for a long time, temporary loss are incurred and that would be turned into real loss when a Stop Loss was suddenly activated.

Trader Slang

Monday, April 23rd, 2012

Slang is a term denoting a set of specific words and expressions which are peculiar of non-official communication for a certain group of people. The speech of the representatives of different professions, cultural societies, and geographic places has its peculiarities reflecting the views of people and in fact pointing at their society and status. Slang or jargon deviates from the literary language norm but most often it makes the communication between people easier, adding special colouring to the speech of people. Traders also have their jargon words as they have a good sense of humour and imagination.

The list of the words below contains the major terms which are used by the traders in non-formal communication; it will help the newbie of the market to get into the core of trading faster.

speechBull market (bullish) – market in uptrend.

Bear market (bearish) – market in downtrend.

Margin call – the moment when there is a lack of maintenance margin account, you must either upload your account or close some open positions.

Tick, Item – the minimum step change in the price.

Long (position), also ‘longs’ – to buy something, to assume an increase.

Short (position), also ’shorts’ – to sell something, to assume a drop.

Heat – how big risks are we taking in our trade.

Range – when the market doesn’t move either in downtrend or uptrend for some time.

Flat (Square) – neutral state when all your positions are closed.

Set up – particular environment for a trade.

Gap – a difference between the previous period’s close price and the next period’s open price.

Whipsaw – a condition of a highly volatile market where a sharp price movement is quickly followed by a sharp reversal.

Rally – a recovery in price after a period of decline.

Profit (Gain) – positive amount of money gained for closing the position.

Loss – loss of the transaction (or in the open position).

Pip (Point) – the last digit in the rate (e.g. for EUR/USD 1 point = 0.0001).

Slippage – execution of order for a price different than expected (ordered), main reasons for slippage are: “fast” market, low liquidity and low broker’s ability to execute orders.

Drawdown – the amount of the decline in value of a forex trading account, expressed either in dollars or as a percentage, between its highest and lowest points.

Squeeze – action by a central bank to reduce supply in order to increase the price of money.

Limit – order to buy or sell currency at a specified price or better.

Lock - the opening of two positions for one instrument, one specification and the same size in different directions.

Majors – the most popular currency pairs available for trading, include EUR/USD, GBP/USD, USD/JPY, USD/CHF, USD/CAD and AUD/USD. Less traded pairs are known as “Exotics”.

Cable - GBP, British Pound .

Aussie - AUD, Australian Dollar.

Swissie – CHF, Swiss Federation franc.

Kiwi - NZD, New Zealand dollar.

Loonie – CAD, Canadian Dollar.

Holy Grail – consistently profitable trading system.

This list of course is not complete, there are hundreds of other words and meanings in trader slang and it is continually growing.

Added by Alexey Skachilov,
Clients’ relationship manager