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
Why trade with InstaForex, clients can now employ a latter-day software instrument, Autochartist. It signals the most profitable trading opportunities.
1. No cheating; Most brokers offer the same amount of spread but this is what newbies will discover. Some cheating brokers will offer a spread of 0.3 but when you want to close your trade their platform will prevent you until 0.3 or more values have been added to that trade. InstaForex broker does not exhibit this type of fraud. A client once complained about a broker that he could not close a profit trade until 4 hrs later after so many attempts and requotes. He eventually closed that trade in a loss. This is pure cheating.
2. Car Promotions – InstaForex proves again and again that trading on Forex can bring a sweet feeling of victory, self-confidence, and luck. In the past six years InstaForex Broker has already raffled six exclusive cars, besides, the more accounts you register, depositing $1,000, gives you a higher chances to win a car from InstaForex. At the moment InstaForex provides a chance to win Lamborghini, the legendary Italian sports car! The campaign with Lamborghini Huracan as a main prize will be held from December 26, 2016 to December 20, 2019.
Anyone who tops up their account with $1,000 or more and register for the campaign can compete for the posh car. The winner will be determined randomly with the help of Lamborghini-number, so all contenders have a chance to win.
3. Autochartist – While trade with InstaForex, clients can now employ a latter-day software instrument, Autochartist. It signals the most profitable trading opportunities. Use of Autochartist will allow you to facilitate the Forex trading. In this section, InstaForex clients will be able to download the Autochartist plug-in for free.
4. Award Winning– InstaForex was presented with the award as the Best ECN Broker Eastern Europe 2016 by Global Business Outlook, the UK business magazine. Still on 2016 InstaForex was recognized as Forex Broker of the Year Asia, This goes to confirm the great popularity of the brand among traders of the Asian region. The award is the result of the responsible work of our team and the best quality of the services provided.
To mention a few of its unbeatable services; InstaForex Broker offers 107 currency instruments, 88 CFDs on US stocks, Contracts on gold and silver, CFDs on futures, Options trading: intraday and expiry binary options, Unlimited deposit amount, Instant automated processing of all deals, Trading leverage from 1:1 to 1:1000, Cent accounts, Immediate trading account replenishment, Access to swap-free accounts, 24/7 high-quality technical and consultancy support
Why Trade with InstaForex? Post By InstaForex Nigeria Office
- Minimum Deposit of $1 and a 1:1000 leverage. InstaForex started allowing of Forex trading with only $1 deposit and they still offer it till date. At a time most brokers had minimum deposit at $100. Its often surprising that which has many millionaires’ traders can also accommodate many traders with $1, $5 deposit. But no matter what the deposit is, they still offer same and equal services for every account because their funds in the Forex market are in billions of dollars.
- Good bonus system – InstaForex Nigeria offer several bonuses to its clients including bonuses like 30%, 55% etc. the best part is that these bonuses are tradable which many brokers are trying to imitate. Other brokers will remove their bonus from their client’s account when the customer is losing and this eventually causes the client to lose all his funds. This is not so with Instaforex, InstaForex broker allows the bonus to buffer and support the client’s capital throughout.
- live chat is so much helpful- no delay to response on some problem..But we know it is easier to deliver effectively to a small range of people than to a large amount of people. You can compare IFX with Facebook. Facebook is becoming bigger everyday but their service is not depreciating (don’t compare it with google because if you call google support, there is a great chance that no one from other side will answer your call), InstaForex Nigeria support service is better because is gives clients within Nigeria the opportunity to have issues regarding their accounts resolved locally.
- No cheating.- Most brokers offer the same amount of spread but this is what newbies will discover. Some cheating brokers will offer a spread of 0.3 but when you want to close your trade their platform will prevent you until 0.3 or more values have been added to that trade. InstaForex does not exhibit this type of fraud. A client once complained about a broker that he could not close a profit trade until 4hrs later after so many attempts and requotes. He eventually closed that trade in a loss. This is pure cheating.
- Payment processors-Most payment processor are available for Instaforex customers. Instaforex suspended using Webmoney long before other brokers realized the difficulties experienced by clients using that processor. This shows that Instaforex is very conscious of their clients best interest. Instaforex encourages fast withdrawal and are pioneers in the internal use of Wallet system and local deposit and withdrawal system. InstaForex even offers clients the opportunity to fund and withdraw from their accounts locally. For Instance, in a Country like Nigeria where Wire transfer is difficult to do, clients now funds their InstaForex Accounts in minutes by just making an internet transfer deposit or Cash Deposit to InstaForex Nigeria Bank account.
- Demo Contest– unlike other Brokers, Instaforex care equally for the very rich and the very poor spectrum of their clientele. There are clients that have the trading skills but lack the capital to trade with. To help such clients they introduced so many types of contest from weekly to monthly type with cash prizes that are credited onto live accounts from which these clients can trade and earn profits for themselves. This way InstaForex has made itself well loved by vast range of Forex traders. Several Nigerians have won thousands of dollars from such contest and this became their start-up capitals.