InstaForex Nigeria, Basic technical skills on how to constantly make money from the Forex Market is displayed here..
1. Plan ahead – Make your work plan in advance; Know the position size, the StopLoss Points and the TakeProfit Points (SL and TP) before you start to trade.
2. One or two pair at a time; It is better to focus on one pair than try to “conquer” many pairs.
3. The trend is your friend; Trade in correlation with the trend: Do not buy in a downward trend . and do not sell in an upward trend.
4. Cut your losses – While they are still small; Once you lose, do not keep on buying in the same direction, and hope the market will get your investment back.
5. Stop Loss Strategy; Never enter a position without giving a Stop Loss order. It is your last line of defence
6. Two indicators or more; Do not enter a position based on only one indicator. Look for other indicators like Relative Stregnth Index (RSI) that supports your
7. Always know that the market breaks the Resistance Level when the candlestick’s closing rate is above the resistance level.
8. Exit rule startegy is get out of a long position just as it takes off like a rocket and get out of a short just before the price drops like a stone
9. To be a successful trader is just to find the major support and resistance lines and trade from there with small stop losses
For more on our Forex Winning Tips Click here
InstaForex is happy to announce a launch of a new super campaign Win BMW X6 from InstaForex!
The Campaign Promo ends December 29,2017
In order to be eligible for Instaforex BMW X6 Campaign, it is necessary to fulfil the following conditions. If you want to fight for the sport and stylish car – all you need is to deposit your trading account with the sum not less than $1500 and a chance to Win
How To Win The Instaforex BMW X6
Step 1: You need to have an InstaForex Account. If you don’t have an InstaForex Account yet, Click here to open a qualifying account now.
Step 3: Click here to Register for the campaign on the Registration page.
The winner of the campaign will be determined by BMW-number formation. Thus, all the participants have absolutely equal chances to win.
The 55% Bonus by InstaForex has no limits on the maximum and minimum amount and is credited to every deposit irrespective whether the deal was profitable or not.
Note that maximum leverage to get 55% Bonus is 1:200
1. Register a Live Trading Account. Click here to Open an Account
2. To get the 55% Bonus, you should activate your trading account through replenishing it with any amount in any convenient way. Click here to fund your InstaForex Account in Naira or Click here to fund through other methods.
3. Apply for Bonus. Click here to apply
I. Enter your Trading Account number and Password on the bonus Terms of Agreement page.
II. The 55%Welcome Bonus will be credited to your trading account automatically
Forex Trading is investment and investments worldwide involves the application of rules..
1. EARLIER ADVERT AND MISCONCEPTIONS BY INTERNET MARKETERS;
In the early nineties and even till this day, a lot of internet marketers instead of realistically marketing Forex trading has been in the forefronts of making bogus and unrealistic claims thereby misleading the public.
2. LACK OF ADEQUATE KNOWLEDGE OR TRAINING;
Most prospective clients and client alike were found to have plunged into Forex trading, based on the information that one could double his account over night.
Forex trading is knowledge-based and requires skill. likewise any trade or career or business that requires skill requires thorough training and re-training. At InstaForex Nigeria Office we always emphasise on proper and adequate knowledge hence we run training on daily basis.
It is said that “one cannot value any right decision with an unstable mind” Forex trading is investment and investment are all about decision making and decision taking. These and many more especially how to manage and avoid emotional trading are well taught to our numerous clients and trainees.
Emotional trading always lead traders to revenge-trading. This should be avoided at all cost. Most traders after a string of losses attempt to increase their volume/lot sizes hoping to recoup their losses by so doing they risk their account.
We emphasise to our clients that on no account should they revenge trade instead should reduce their/lot sizes in that situation.
4. INABILITY TO SET STOP LOSS & TAKE PROFIT;
It has been found that most traders/clients do not know how to set take profit (TP)and stop loss(SL) accordingly.
InstaForex Nigeria Ofice much emphasis are laid & trainees are thoroughly taught and reminded of the importance of stop loss(SL) and take profit(TP).for more on how to set stop loss and take profit, log on to www.instaforex.com.ng and go to our blog section and locate ‘how to set stop loss and take profit’ and many more.
It is said that greed is the bane of most traders. many come to Forex trading with a very wrong mind-set; Seeing trading as betting which it is not. with wrong mind-set and in order to make a’kill’ of the market they forget that Forex trading is investment and investments worldwide involves the application of with rules.
We strongly advice against this against this vice, and to wait patiently for your trade and manage their risks devoid of greed accordingly.
For more tips on Forex secrets Click here..