Forex Trading has the advantage of being more liquid than any other market, including the Futures Market. With the average daily volume in the Forex Market reaching close to 5 Trillion and the daily volume in the Futures Market reaching 50 Billion, there is no comparison. The liquidity in Foreign Currency Trading (Forex) surpasses that in the Futures Market. This goes to show that Forex is highly lucrative than any other market in the world including the Futures Market.
24 Hour Trading:
Another advantage the Forex Currency Trading System (Forex) has compared to Futures is the fact that you can trade 24 hours a day and five days a week if you want. The Forex Market is opens longer than any other market in the world. If a person is serious about making money in the Forex market event happening around the world can be a good advantage for any Forex trader. You won’t have to wait for a market to open in the morning. You can trade from your computer instantaneously.
Here are the major currencies that you can choose from to trade:
• US Dollar (USD)
• Japanese Yen (JPY)
• British Pound (GBP)
• Swiss Franc (CHF)
• European Union Euro (EUR)
• Australian Dollar (AUD)
• New Zealand Dollar (NZD)
• Canadian Dollar (CAD)
Here are the major Forex winning tips:
1)Ensure that trades are taken after observing resistance or support level
i) If you have missed the point or were not there ,move to another currency pair.
ii) Do not place a trade because are in the trading room.
iii) Ensure that every condition/parameters are right for you take a trade.
iv) Do not yield to external interference/influence.
v) Do not yield/trade under pressure.
vi) Remember that “tomorrow is another day”.
2) Always maintain a business mindset and not a gambling mindset
i) Gambling mindset would make you to negate the rules.
ii) Forex is investment and investment all over the world is guided by rules
iii) After a string of losses,please give yourself a break.
(a) it doesn’t mean that your trading system or indicators are wrong
(b) it doesn’t mean that your decision to buy or sell was wrong
(c) the market might be in one of its random movements either due to news or erratic movement
iv) The same trading system or indicator could cumulatively be profitable over a period of time,either monthly or bi-monthly.
3) Do not rue over past losses or trades that you didn’t take
i) Profitable opportunities are always there.
ii) Remember that forex will always outlive you.
iii) Inexperienced traders are fond of speaking in the past,instead of focusing on the present.
iv) Remember to always recollect the rules, observe it and apply it accordingly.
NB: Always note that InstaForex offers traders the best trading platform in the market right now.
By Paul Odibeli
Hurry up to take part in “Hyundai Sonata for Nigeria from InstaForex” campaign! To stand a chance to win the “Hyundai Sonata you have to fulfill a few simple requirements:
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.
2. Deposit your trading account with at least $1000; Click here to fund your Trading account.
4. Click here to Register for the campaign on the Registration page;
4. Make trades with total volume at least 500 lots. Campaign is open between November 30, 2015 and April 28, 2017.
Thus, in spring 2017 the lucky one will take the keys from stylish and city roomy sedan Hyundai Sonata. Take part in campaign and win the main prize!
- 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.