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