Bitcoin is traded on InstaForex platform..
FOREX refers to Foreign Exchange (FX) market where currencies are traded. It is the highest and fastest growing financial market globally with a daily turn over of over $5.2 trillion dollars far in excess of the total traded volume of the US stock exchange.
Trading is done over the counter OTC,which means that there’s no central exchange or clearing house involved. It is a twenty four hours business, Mondays-Fridays. It was once the exclusive preserve of the banks,corporations,investment houses and financial institutions. With the advent of brokers notably Instaforex, the Forex market is now accessible to all traders worldwide.
Currencies tradeable are categorised into two thus:
1. Major currencies; these are paired with the usd,with a characteristics of lower spread-: three pips spread .e.g EURO/USD,GBP/USD,USD/CHF,USD/JPY etc
2. Cross currencies; These are not paired with the usd,and with a characteristics of varied pips spread e.g Eurjpy,GBPJPY,AUD/JPY,EURPNZD etc
BITCOIN: Was created by a mysterious developer using the pseudonym Satoshi Nakamoto on the 3rd January 2009(from Japan). It is the first decentralised digital currency otherwise known as Cryptocurrency. It is now legalised in the USA and are subject to the same taxes and reporting requirements as other currencies. There is no physical bitcoin as there are dollars,Euros or pounds. One can create a digital wallet where you can securely store digital currencies, then connect your bank accounts,debit cards or credit cards so that you can exchange digital currencies with local currencies.
All Bitcoins transactions are public,traceable and permanently stored in bitcoin network. Bitcoin addresses are the only information used to define where bitcoins are allocated and where they are sent.These addresses are created privately by each user wallets.
Bitcoin is traded on Instaforex platform,for example on Mt4 thus:
1.Locate ‘Market Watch’put your cursor inside it,right click,& locate ‘Show All’& click.This action would enable you to see all tradeable instruments on the platform.
2.Locate ‘Create a new chart’ on the platform,click & locate ‘Cryptocurrency’.
3.Place your cursor on ‘cryptocurrency’ & locate ‘Bitcoin’
4.Click on ‘Bitcoin’ & the Bitcoin chart would be displayed for trading
GOLD: Is similar to currencies like the US dollar or EURO because it is durable,portable,a store of value and widely accepted globally with standardised physical characteristics. Since the price of Gold often fluctuates, independent of its industrial supply and demand,the emotions and behaviours of traders tend to drive major trends of this metal. One of the major determinants of gold prices has been the level of real interest rates. When interest rates are low,investments in cash and bonds tend to provide negative returns,thereby prompting investors to seek alternative ways to protect the value of their wealth and vice versa, when the interest rates are high.
Gold is traded on InstaForex platform thus:
1.Locate ‘Create a new chart’ on the trading platform,click & locate ‘Metal’
2.Place your cursor on ‘Metal’& locate ‘Gold’.
3.Click on ‘Gold’& the Gold chart would be displayed for trading.
As with any other instruments there is no single best way to trade Gold. Many traders from other markets have found that the technical trading strategies utilised on other instruments, can easily be applied to the gold market. Success in gold trading have been found in adapting strategies that are based on trend-lines,overbought and oversold oscillators like the R.S.I and Stochastics.
From the above analysis,the InstaForex trading platform is among the first and always in the forefront of providing traders worldwide with the state of art/cutting edge technology which ensures that traders get the best as far as their trading business is concerned.
Start your Forex,Bitcoin and Gold trading career with InstaForex Nigeria and experience trading at its best. Hence, InstaForex prides itself as one of the best brokers globally.
To open a Free Forex Account Click here..
Forex trading is a highly lucrative business and virtually all banks abroad, investment houses
and most elites are into it..
The following are needed in other to succeed in Forex:-
1. KNOWLEDGE: Forex is investment and investments worldwide are knowledge based. With proper training one will be able to profit from the market over a short period of time and in the long run respectively.
2. APPLICATION OF LEVERAGE: Leverage enables experienced traders to execute high risk trades thereby ensuring phenomenal growth in their account.
The term Leverage also enables a trader with small amount to significantly grow their account within a short period of time. It is said that Fortune favours the bold with knowledge and determination.
3. FOREX AS BUSINESS: It must be treated as Business and taken seriously in order to reap its benefits. Forex like any other business should be taken seriously devoid of emotions and traders must approach Forex with well defined and achievable objectives instead of coming/approaching Forex with lofty ideas that are not achievable.
4. TRADEABLE OPPORTUNITIES TO MAKE MORE MONEY: Trade-able opportunities to make money abound in over twenty-seven currency pairs on daily basis.
An experienced trader who understands how the market works stands the chance of making more money than newbies. With the right knowledge,experience and capital an experienced trader enhances his profitability consistently with more time to enjoy family life, more leisure and tours.
It is important to note that InstaForex Broker offers the best trading conditions which accommodates clients with as low as $5.
The lucrative nature of Forex business could not be overemphasised.
For information on InstaForex services in Nigeria Click here..
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
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..
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.