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 Technical Support Team are always ready to help you with additional guide on how to install Robots(Automated System).
Robots or expert advisors are programmed softwares produced by programmers.They place trades on our behalf when activated.
If purchased online; download it and extract it to your desktop and then install as follows:-
1. Copy from desktop
2. Bring up your trading platform.
3. Locate’FILE’ and Click
4. Locate’OPEN DATA FOLDER’ and Click
5. Locate’MQL4’and Double Click
6. Locate’EXPERTS’and Double Click
7. Move your cursor to the extreme right of the’EXPERTS’window(Open space) Right Click and Paste.
8. Close and re-open the platform in order to locate the installed ‘EXPERT ADVISOR/Robot in the ‘NAVIGATOR’under the ‘EXPERT ADVISORS’
9. Double Click on the installed Robot/Expert Advisors in order to bring it up on your chart.
10. Click on ‘ALLOW LIVE TRADING’ and then click ‘OK’to bring it up on your chart.
12. Click on ‘AUTO TRADING’in order to activate the Robot.
Once activated it would put up a ‘SMILING FACE’ and starts to be placing trades on your behalf as soon as it founds trades that match up with its settings.
NB: (if not activated it would put a frowning face)
For more enquiries call +234 903 358 8803 or send us an email on [email protected]
For information on how to installed Indicators 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