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Elena RF

Elena RF

Guest
Aug 6, 2019
126
Points
107
What Is Price Action Analysis?

Author: Timofey Zuev



Dear Traders,

Today we will talk about price action analysis, an important aspect of technical analysis on Forex. Price Action analyzes price behavior and patterns and can identify almost any market trend.

What is the subject of Price Action analysis, and how does it differ from graphic or indicator analysis?

The graphic analysis is meant to detect certain patterns on the chart that often reflect the interaction of demand and supply (buyers and sellers). For example, a Triangle, often emerging in the way of the trend, is normally a trend continuation pattern. In essence, a trader practicing graphic analysis need only to know this fact (that the Triangle is a trend continuation pattern) to make a decision. This simplifies analysis but creates additional limitations.

If the trader wants to figure out the reasons for the price movement, such an explication will not suffice – they need a more intricate understanding of market mechanisms. This need leads many traders to Price Action analysis.

Some say that Price Action analysis is just the analysis of simple candlestick patterns. Say, Rail or Pin Bar signal about an upcoming reversal, a breakaway of the inner bar signals to buy, etc.

In reality, such a simplistic approach to Price Action analysis will hardly be efficient: if you are eager to understand market processes from scratch, your analysis must become more complicated, not simpler. The number of details and factors that you must pay attention to will increase in a non-linear manner, and making decisions will become harder because the number of conflicting parts of the picture will grow (more signals and scenarios will appear for both buys and sales).

Of course, a trader does not need to see and understand everything: in the end, every market player chooses two or three trading styles and focuses on several types of events, such as breakaways of ranges or the appearance of trends two-three weeks long, etc. However, the understanding of Price Action frees the trader from a fixation on certain patterns – they start to operate principles and become able to find trading opportunities in virtually any market.

On the one hand, information becomes so plentiful that it needs filtration and specialization in a limited number of market situations; on the other hand, the abundance of information lets the trader see more in the market that forms no known-by-all pattern and gives no direct answers.



Sincerely,
RoboForex team
 
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Elena RF

Elena RF

Guest
Aug 6, 2019
126
Points
107
What is Slippage in Forex?

Author: Victor Gryazin



Dear Traders,

In this review, we will discuss such a notion as slippage. This is quite a frequent phenomenon in Forex and other financial markets that influences the opening and closing prices of a position.

What is slippage and how does it appear?

Slippage is the deviation of the execution price of a market order from the market price during the time of execution. To put it simply, it is the difference between the closing/opening quotation of the position and the factual opening/closing price. On the chart, slippage sometimes looks like a small gap on smaller timeframes.

Slippage emerges when the market execution method is used. This is the most advanced and popular contemporary method of trading in Forex. Orders are executed quickly, with a guarantee, without requotes at the current market price, even if it has slipped (changed) a bit during the processing time. Slippage can be either positive or negative.

Positive slippage

A positive slippage means that a position is opened/closed at a slightly better price than in the order. For example, a trader has an open buying position in GBP/USD at the price of 1.2800. The rate of the pair grows by a “pattern” (100 points), and the price reaches 1.2900. The trader sees this price in the order and closes the position. However, thanks to a powerful ascending movement, the price grows a bit more during the order processing time, and the position closes at the price of 1.2901. The slippage amounts to 1 point in the trader’s favor.

Negative slippage

In this case, a position is opened/closed at the price slightly worse than initially ordered. For example, a trader is waiting for weak news in the EU and plans to sell EUR/USD. The news comes out worse than expected, and the pair starts declining fast. The trader sees 1.1850 in the order and decides to sell. However, while the order was being processed, the price went even deeper down due to a strong descending impulse, and the trade opened at 1.1845. The slippage amounts to 5 points against the trader.

Slippage is frequent in trading at market quotations, not only in Forex but also in other financial markets (stock, commodity). As a rule, slippage in the main currency pairs is small (about 1 point in a calm market). Slippage is most critical for scalping strategies that are characterized by a very large number of trades with the goal of several points.



Is the broker to blame for slippage?

Quite often, traders who face negative slippage wonder: Isn’t it the broker’s fault?



Sincerely,
RoboForex team
 
Elena RF

Elena RF

Guest
Aug 6, 2019
126
Points
107
Unemployment Rate, and How to Use It in Forex

Author: Andrey Goilov



Dear Traders,

As a rule, trading in financial markets is based on tech analysis, expert advisors, and various indicators. Attempts to make a profit on the publication of some important economic news and its analysis stands a bit aside.

One of the strongest indices that can move the market is Non-Farm Payrolls; this index shows the number of workplaces out of the farming sector in the USA. As long as the US dollar is the world’s leading currency, the state of the US economy worries investors and traders, naturally.

Some short time ago, there was a separate category of active traders that were looking forward to the publication of this index because, after the publication, the market could cover hundreds of points in one direction in just a couple of minutes, which was a good opportunity for making a profit. The rest of the week such traders enjoyed themselves, waiting for Friday and NFP.



The unemployment rate: what is it and how does it influence the market?

We may say that employment is the basis of any economy. If workplaces are abundant, more goods get to the market, and the employees get a higher wage. They further spend their revenue on other goods and services, thus increasing demand. However, some say that extremely high or low employment rates might both be harmful to the economy.

If the unemployment rate is high, social tension increases, the share of the middle class shrinks, and so does the real income of the population. If the unemployment rate is too low, employees may lose motivation for working and making high-quality products: there are almost no rivals, seeking the same workplace, hence, no stimulus to become the best. The interests of the employer and the ultimate consumer, who gets a product of mediocre quality, also suffer.

The optimal unemployment rate should be within 3-7% of a country’s working population. Of course, the optimal level might differ from country to country, and the same unemployment rates in two countries are hardly comparable. Anyway, significant fluctuation from the average level may provoke a market movement, which traders will try to use for making a profit.

What does a trader do before the publication of unemployment rate data?



Sincerely,
RoboForex team
 
Elena RF

Elena RF

Guest
Aug 6, 2019
126
Points
107
How to Trade Cryptocurrencies: a Guide for Beginners

Author: Victor Gryazin



Dear Traders,

In this overview, we will discuss the main issues of trading cryptocurrencies. A cryptocurrency is a digital (virtual) financial asset. Operations with such assets remain safe thanks to various methods of cryptography. Cryptocurrencies are still a rather new but already popular financial instrument.



How to trade cryptocurrencies via a broker?

All the main cryptocurrencies are traded in crypto exchanges, which are modern platforms for buying/selling cryptocurrencies. You can register in a crypto exchange directly and carry out operations with various cryptocurrencies. However, if you plan to use one account for trading cryptocurrencies and other financial instruments (currency pairs, stock indices, oil, gold, etc), you will need to open an account in a broker company.

Apart from the opportunity to trade various assets on one account, a broker provides access to different trading platforms. A modern trading terminal allows using advanced methods of tech analysis, setting up necessary indicators and expert advisors, and controlling risks.

To start trading cryptocurrencies via a broker, you only need to open an account in a broker company with the conditions suitable to you.

How to open an account for trading cryptocurrencies at a broker?

First, register your Personal Member’s Area in a broker company (provide your e-mail and create a password) and get your personal information verified. As a rule, verification requires a scan of a document or two that confirm your identity and dwelling address. The procedure does not take long, normally up to two days.

Then study the types of trading accounts on the company’s website very carefully. The trading conditions of different account types may differ significantly. So, you need to choose an account with the conditions optimal for you and a trading platform. When this is done, open your PMA and deposit the account (there are plenty of ways to do it). Install a trading terminal – and get started.



The conditions of trading cryptocurrencies

The conditions may vary depending on the broker company. Let us have a look at the conditions in RoboForex:
  • Minimal deposit – 10$.
  • CFDs for 26 (the number depends on your account type) popular cryptocurrencies available.
  • 24/7 trading Several trading platforms: MT4, MT5, WebTrader, R Trader.
  • Leverage up to 1:50 Execution type: Market.
  • Execution Floating spread and a fixed commission fee for certain trading volume (on certain accounts).



Sincerely,
RoboForex team
 
Elena RF

Elena RF

Guest
Aug 6, 2019
126
Points
107
RoboForex is giving away $1,000,000 among its clients and partners



Dear Clients and Partners,

In order to celebrate its 10-year anniversary, RoboForex is starting a global giveaway with a total prize pool of $1,000,000. The promotion starts on October 1st, 2020.

More than 200 prizes worth $1,000,000

will be given away over 8 months
  • 30 winners each month
    The prize pool for each monthly giveaway is $100,000.

  • Increase your chances to win
    Receive up to 3 coupons per month! All coupons that didn’t take part earlier will participate in a Grand Prix.

  • Win up to $20,000 from October to April
    Withdraw your prize from the account right after receiving it or use this money in trading.

  • Grand Prix for $300,000
    In May 2021, all coupons that didn’t take part in the previous 7 months will participate in a giveaway of 30 prizes.

How to participate?

Trade on Prime accounts, earn together with the company as a partner, or become a CopyFX trader – the choice is yours!

Also, you can fulfill the conditions for three different categories and improve your chances to win.



1. Traders with Prime accounts

Trade with the best conditions: spreads from 0 points, commission from 10 USD for 1 million USD of trading volume, leverage up to 1:300.

Conditions for receiving a Coupon:
  • Deposit at least 300 USD to your account.
  • Perform at least 3 lots* of trading operations per month.

    * - Only the positions in Currencies and Metals opened in the current month are taken into account.



2. Partners

Attract clients to the company and receive up to 60% of our revenue.

Conditions for receiving a Coupon:
  • Partner commission at month-end is at least 300 USD.



3. CopyFX Traders

Earn on your CopyFX strategies and maximize your chances to win a prize.

Conditions for receiving a Coupon:
  • Making the Top-30 of the best CopyFX Traders on Prime accounts in the current month.



Join the promotion right now and take part in as many giveaways as possible and increase your chances to win. Good luck!




Sincerely,
RoboForex team
 
Elena RF

Elena RF

Guest
Aug 6, 2019
126
Points
107
RoboForex: changes in trading schedule (Columbus Day in the USA)



Dear Clients and Partners,

We’re informing you that due to the Columbus Day in the USA, there will be some changes in the trading schedule*.

MetaTrader 4 / MetaTrader 5 platforms

Trading schedule on Metals (XAUUSD, XAGUSD) and CFDs on Crude Oil (WTI, Brent)
  • October 12th, 2020 - trading stops at 7:45 PM server time.
  • October 13th, 2020 - trading starts as usual.
Trading schedule on CFDs on US indices (US30Cash, US500Cash, USTECHCash)
  • October 12th, 2020 - trading stops at 7:45 PM server time.
  • October 13th, 2020 - trading starts as usual.
Trading schedule on CFDs on US stocks
  • October 12th, 2020 – no trading.
  • October 13th, 2020 - trading starts as usual.

R Trader platform

Trading schedule on US stocks and ETFs
  • October 12th, 2020 – no trading.
  • October 13th, 2020 - trading starts as usual.
Trading schedule on CFDs on US stocks and ETFs
  • October 12th, 2020 – no trading.
  • October 13th, 2020 - trading starts as usual.
Trading schedule on CFDs on US indices (US500, US30, NAS100)
  • October 12th, 2020 – no trading.
  • October 13th, 2020 - trading starts as usual.
Trading schedule on Metals (XAUUSD, XAGUSD) and CFDs on Crude Oil (BRENT.oil, WTI.oil)
  • October 12th, 2020 - trading stops at 7:45 PM server time.
  • October 13th, 2020 - trading starts as usual.

cTrader platform

Trading schedule on Metals (XAUUSD, XAGUSD)
  • October 12th, 2020 - trading stops at 7:45 PM server time.
  • October 13th, 2020 - trading starts as usual.
Please, take into account these changes in schedule when planning your trading activity.

* – This schedule is for informational purposes only and may be changed.

Sincerely,
RoboForex team
 
Last edited:
Elena RF

Elena RF

Guest
Aug 6, 2019
126
Points
107
Trading with Force Index of Alexander Elder

Author: Victor Gryazin



Dear Clients and Partners,

In this overview, we will discuss the use of the Force Index. This indicator from the group of oscillators was designed and first applied to trading by a famous market expert Alexander Elder.

Description of the Force Index

The Force Index is an irregular oscillator that helps to estimate who is dominating the market – the bulls or the bears. As I have said, the indicator was designed by a famous trader, author, and the creator of the Elder’s Triple Screens strategy Alexander Elder.



The main task of the indicator is to estimate the dynamics of the price and show who is stronger in the market – the bulls or the bears. The indicator uses the following parameters:

  • the direction of the price movement.
  • the price change during a certain period.
  • trade volume.

The Force Index gives us an idea of the market direction. If the line of the indicator is above 0, demonstrating another high, this means an uptrend and the dominance of the bulls. If the Force Index drops below zero, forming local lows, the market is in a downtrend, and the bears are ruling.

The Force Index is displayed in a separate window under the price chart and consists of one main line and the center zero level. Elder recommends D2 and D13 for short-term and medium-term trading, respectively. The Force Index is included in most trading platforms, MetaTrader 4 and MetaTrader 5 among them.



Force Index Indicator

The Force Index calculation and setup

To add the Force Index to the price chart of a financial instrument in MetaTrader 4 or MetaTrader 5, open it via the Main Menu: Insert – Indicators – Oscillators – Force Index.

Elder recommended enhancing the results of the Force Index by averaging its values with an Exponential Moving Average (EMA).



Sincerely,
RoboForex team
 
Elena RF

Elena RF

Guest
Aug 6, 2019
126
Points
107
Emotional Intelligence: What is It and Why It is Important for Traders

Author: Timofey Zuev



Dear Clients and Partners,

Speaking about psychological competences, important for a trader, I would first and foremost single out emotional intelligence. Under emotional intelligence, I understand the ability to distinguish and name your own and other people’s emotional states.

Why is emotional intelligence important for traders?

I suppose that many traders would like to “get rid of emotions” to avoid losses that emotions often cause. However, such ridding would make a person unable to make decisions. An ability to find your way in complicated social situations that are influenced by the “psychology of a crowd” (and a financial market is exactly such a situation) presumes not only the skill to single out patterns (graphic, statistical) from a mass of data but also to feel correctly the market sentiment. To a larger part, market sentiment is the information unavailable to algorithms (though there are attempts to create algorithms that would estimate market sentiment).

Putting things very simply, we might say that the price impulse, spurting from a range and supported by professional demand/supply, will provoke the stereotypical reaction of traders who will try to sell at “inflated” prices. As a result, the trend will further be moved mostly by the emotional reaction of short-term traders who would be closing their positions. A high level of emotional intelligence will let the trader detect such situations and react accordingly.

For sure, the main role of emotional intelligence is to detect your own emotions. If a person (trader) experiences some emotional state that they cannot recognize, this might distort the perception of the market and push out some important information. Simply speaking, the trader will start looking for reasons to make a trade (and find them). In contrast to a simple reactive action, when the trader moves the Stop Loss or “enjoys revenge” on the market, the process here is much more complicated and hard to detect. A trader with distorted perception of reality will be sure that their analysis has been objective, accounting for all necessary factors; alas, their attention will be focused very selectively.

That is why emotional intelligence is so important: it allows to realize your own emotional states in time and avoid distortions.



Main perceptual distortions in the market
  1. The urge to trade in an inactive market (the trader tries to enter when it would be wiser to just wait).
  2. The desire to go against a breakaway (escaping the range, the price will seem unlawfully “high” or “low”, so the trader will try to open a position, justifying it by “analysis”, drawing new lines and “channels”).
  3. Avoiding trades and risks in times of extremely low volatility (usually before a breakaway).
  4. Decreasing activity after a losing series.
  5. Increasing activity after a profitable series..
I intentionally skip such types of behavior as increasing the lot significantly to win back your losses or make a certain amount of profit. We speak just about mental distortions, not the lack of self-control. When emotions exceed the “pain threshold” and rule one’s behavior, another mechanism that we are going to touch upon comes to the scene.

Most “bad” trades appear when the trader squeezes their perception into a narrow framework and becomes blind to important events and details.



Sincerely,
RoboForex team
 
Elena RF

Elena RF

Guest
Aug 6, 2019
126
Points
107
RoboForex is named the “Most Transparent Asian Forex Broker”




Dear Clients and Partners,

RoboForex has received the “Most Transparent Asian Forex Broker” award at the Global Forex Awards 2020 – Retail. Winners were announced on June 24th, 2020, in London.


Thank you for choosing us, investing together with us, and voting for us. We, in our turn, strive for constant improvement and continue providing our clients from all over the world with the most transparent trading conditions, cutting-edge platforms, quality analytics, 24/7 support, various bonus programs, and many other things.


Sincerely,
RoboForex team
 
Elena RF

Elena RF

Guest
Aug 6, 2019
126
Points
107
RoboForex: changes in trading schedule (revert to Standard Time and Unity Day)



Dear Clients and Partners,

We’re informing you that on October 25th, 2020, the countries of the European Union will revert from Daylight Saving time to Standard time. In the USA, the same will happen on November 1st, 2020. As a result, the trading schedule is to be changed in the following way*.

In addition to that, due to the public holiday in Russia, Unity Day, USDRUB will be traded according to the changed schedule on November 4th, 2020.

MetaTrader 4 / MetaTrader 5 platforms

Trading schedule on Metals (XAUUSD, XAGUSD)
  • From October 26th to November 1st, 2020, trading on Metals will be opened and closed 1 hour earlier than usual (server time).
    Trading session (server time): 12:05 AM - 10:59 PM.
  • Starting November 2nd, 2020, Metals will be available for trading within the operating range of the contract specifications.
Trading schedule on CFDs on US indices
  • From October 26th to November 1st, 2020, trading on CFDs on US indices will be opened and closed 1 hour earlier than usual (server time).
    Trading session (server time): 02:00 AM - 10:15 PM.
  • Starting November 2nd, 2020, CFDs on indices will be available for trading within the operating range of the contract specifications.
Trading schedule on CFDs on oil (Brent and WTI)
  • From October 26th to November 1st, 2020, trading on CFDs on oil will be opened and closed 1 hour earlier than usual (server time).
    Trading session (server time): 02:00 AM - 10:15 PM.
  • Starting November 2nd, 2020, CFDs on oil will be available for trading within the operating range of the contract specifications.
Trading schedule on CFDs on American stocks
  • From October 26th to November 1st, 2020, trading on CFDs on American stocks will be opened and closed 1 hour earlier than usual (server time).
    Trading session (server time): 03:31 PM - 09:59 PM.
  • Starting November 2nd, 2020, CFDs on American stocks will be available for trading within the operating range of the contract specifications..
Trading schedule on USDRUB
  • Starting October 26th, 2020, the USDRUB currency pair will be traded according to a new schedule.
    Trading session (server time): 09:00 AM - 5:30 PM.
  • November 4th, 2020 - no trading.
  • November 5th, 2020 - trading starts as usual.

R Trader platform

Trading schedule on US stocks, CFDs on US stocks, ETFs, and CFDs on ETFs
  • Starting October 26th, 2020, trading on the above-mentioned instruments will be opened and closed 1 hour earlier than usual (server time).
    Trading session (server time): 03:31 PM - 09:59 PM.
  • Starting November 2nd, 2020, CFDs on US indices will be available for trading within the operating range of the contract specifications.
Trading schedule on CFDs on US indices (US30, US500, NAS100)
  • Starting October 26th, 2020, trading on CFDs on US indices will be opened and closed 1 hour earlier than usual (server time).
    Trading session (server time): 09:00 AM - 10:00 PM.
  • Starting November 2nd, 2020, CFDs on US indices will be available for trading within the operating range of the contract specifications.
Trading schedule on CFD on Metals (XAUUSD, XAGUSD)
  • From October 26th to November 1st, 2020, trading on CFDs on Metals will be opened and closed 1 hour earlier than usual (server time).
    Trading session (server time): 12:05 AM - 10:59 PM.
  • Starting November 2nd, 2020, CFDs on Metals will be available for trading within the operating range of the contract specifications.
Trading schedule on CFD on oil (BRENT.oil and WTI.oil)
  • From October 26th to November 1st, 2020, trading on CFDs on oil will be opened and closed 1 hour earlier than usual (server time).
    Trading session (server time): 02:00 AM - 10:15 PM.
  • Starting November 2nd, 2020, CFDs on oil will be available for trading within the operating range of the contract specifications.

cTrader platform

Trading schedule on CFD on Metals (XAUUSD, XAGUSD)
  • From October 26th to November 1st, 2020, trading on CFDs on Metals will be opened and closed 1 hour earlier than usual (server time).
    Trading session (server time): 12:05 AM - 10:59 PM.
  • Starting November 2nd, 2020, CFDs on Metals will be available for trading within the operating range of the contract specifications.
Trading schedule on USDRUB
  • Starting October 26th, 2020, the USDRUB currency pair will be traded according to a new schedule.
    Trading session (server time):09:00 AM - 5:30 PM.
  • November 4th, 2020 - no trading.
  • November 5th, 2020 - trading starts as usual.
Please, note that on October 30th, 2020, trading on all instruments in all platforms will be closed at 11:00 PM server time.

Please, take into account these changes in schedule when planning your trading activity.

* – This schedule is for informational purposes only and may be changed.

Sincerely,
RoboForex team
 

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