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  • RoboForex: upcoming changes to the trading schedule in view of Martin Luther King Jr. Day in the US


    We are informing you that changes will be made to the trading schedule due to the Martin Luther King Jr. Day in the US.

    This schedule is for informational purposes only and may be subject to further change.

    MetaTrader 4 / MetaTrader 5 platforms

    Schedule for trading on CFDs on US indices (US30Cash, US500Cash, and USTECHCash) and CFD on the Japanese index JP225Cash
    • 16 January 2023 – trading stops at 7:45 PM server time.
    • 17 January 2023 – trading as usual.
    Schedule for trading on CFDs on Metals (XAUUSD and XAGUSD) and CFDs on oil (Brent and WTI)
    • 16 January 2023 – trading stops at 7:45 PM server time.
    • 17 January 2023 – trading as usual.
    Schedule for trading on CFDs on US stocks
    • 16 January 2023 – no trading.
    • 17 January 2023 – trading as usual.

    R StocksTrader platform

    Schedule for trading on US stocks and ETFs
    • 16 January 2023 – no trading.
    • 17 January 2023 – trading as usual.
    Schedule for trading on CFDs on US stocks and ETFs
    • 16 January 2023 – no trading.
    • 17 January 2023 – trading as usual.
    Schedule for trading on CFDs on US indices (US500, US30, and NAS100)
    • 16 January 2023 – no trading.
    • 17 January 2023 – trading as usual.
    Schedule for trading on CFDs on Metals (XAUUSD and XAGUSD) and CFDs on oil (WTI.oil, BRENT.oil)
    • 16 January 2023 – no trading.
    • 17 January 2023 – trading as usual.

    cTrader platform

    Schedule for trading on CFDs on Metals (XAUUSD and XAGUSD)
    • 16 January 2023 – trading stops at 7:45 PM server time.
    • 17 January 2023 – trading as usual.
    Please take note of the above trading schedule changes when planning your trading activity.

    Sincerely,
    RoboForex team

    Comment


    • Dear traders!

      This week, a RoboForex project called ContestFX will continue with the following exciting competitions:

      The 142nd competition of "Demo Forex" has crossed its "Equator".
      The 396th competition of "Week with CFD" has just started.
      The 530th competition of "Trade Day" will start on 18.01.2023 at 12:00.
      The 444th competition of "KingSize MT5" will start on 19.01.2023 at 20:00.

      Let us remind you that all winners of our contests receive prize funds to their real accounts and they can use them to trade in the Forex market instead of investing their own savings.

      Don't miss your chance to be one of them!

      Sincerely,
      RoboForex Contest

      Comment


      • How to Start Trading on a Demo Account?

        Author : Andrey Goilov


        Trading is a way of conquering financial markets to make a good profit by applying your skills and knowledge. We can trade from any place on the globe, having neither a boss nor subordinates, which is characteristic of very few jobs. Many beginners rush at trading, having no real experience and thus compromising their money, which, of course, might lead to poor results.

        All beginners are attracted by high percents and wide perspectives often described by experienced traders in their books and blogs. Financial markets do provide such opportunities but you have to take into account your experience and get prepared for systematic trading to make a profit in the long run.

        To gain experience and enhance your future results, you should start with a demo account, where you can test your trading system without risking your real money.

        What is a demo account?

        A demo account is an almost-normal trading account, with real quotations and financial instruments; the trader can open and close their positions following the market. It is identical to a real account in the quotations and the size of positions. The only difference is that the capital is virtual, i.e. the trader does not deposit such an account, only chooses a sum when opening a position, which is later shown in trading.

        https://blog.roboforex.com/wp-content/uploads/2019/10/1-demo-mt4-en-1127x630.png

        Naturally, you cannot spend the profit you make, however, you can feel like you are a real trader, practice your trading methods, and make sure you are psychologically prepared to various market situations.

        How to start trading on a demo?

        After you receive your access data, which are the trader's login and password, you type them in the terminal. For example, if you are using MetaTrader 4 click "File" — "Access account" and introduce your data. After you accessed the account successfully, in the "Trade" section you will see your balance. Now you can start trading.

        To open your first trade, click "New order", choose your financial instrument, choose your direction depending on what is expected (a decline or growth), and click "Sell by Market" if we are forecasting a decline or "Buy by Market" if we are waiting for growth.

        How long do you trade on a demo?

        There are a few opinions on this issue, most of them depending on the timeframe you prefer.

        1. If you trade minutes, it is advised to stick to your demo account for about a month. If you use H4s, you should spend some three to four months on trading. The difference is explained by the fact that on minute charts you receive lots of signals in a small period, such as a week; conversely, trading H4s, you can receive few to no signals at all during the same week.

        2. In most cases, you can have good signals in a flat, but as soon as a trend begins, you lose your funds. However, it may happen vice versa: in a downtrend, the signals are good but in a range or a bullish trend, they are executed poorly. That is why it is so important to sample trading at different stages of the market.

        However, it should be remembered that a demo account will not get you emotionally prepared to trading large real sums. The psychological pressure will be quite strong at the moment of transition to a real account; what is more, to stick to the rules of your system on a real account, you will definitely need some experience with real money.

        Read more at R Blog - RoboForex

        Sincerely,
        RoboForex team

        Comment


        • What is a Gap? Main Types and Gaps Trading

          Author : Igor Sayadov


          What is a Gap?

          In order to get a full idea of a Gap, let us have a look at the stock market as it features the full range of the peculiarities of this phenomenon. Our example will be the stock index DAX, describing the state of the German economy. It is comprised of the indices of 29 biggest German companies; in a terminal, it is market as DE 30.

          https://blog.roboforex.com/wp-content/uploads/2019/09/1-2.png

          The Gap is shown in the chart above as yellow rectangles. This is a practical gap in the flow of quotations reflecting a serious difference between the opening and closing prices in trading sessions. A quick look at the chart captures a large number of such phenomena. This means that if we classify them we may find a lot of opportunities to use them in trading. But first, let us talk about the reasons which a Gap emerges for.

          Reasons for the Gap emergence

          As a rule, all markets close Friday evening and open Monday morning. During this time, major events may occur in the world: natural and industrial disasters, terrorist acts, as well as elections and speeches of political leaders. All this may make investors reprice the assets abruptly. Thus, pending orders accumulate; upon market opening, they trigger at the opening price without due coverage because of the lack of demand/supply. A weekly Gap, which we can see in the chart, emerges. Of course, such Gaps are featured on daily as well as hourly timeframes, too. Gaps inside a daily session also exist; however, it has no connection to the news, and we shall discuss this phenomenon in subsequent posts about gaps and strategies. And now let us try to classify weekly Gaps.

          Types of the Gap

          Depending on the direction, there are the following types of the Gap:
          • Downward Gap appears when the opening price of a candlestick is much lower than the closing price of the previous candlestick.
          • Upward Gap appears when the opening price of a candlestick is much higher than the closing price of the previous candlestick.
          How to trade Gaps?

          There is a classic, conventional way of trading Gaps. Seven out of ten Gaps are traded on closing. The remaining three are traded on the continuation of the trend. How should a trader tell one type from the other? This is what indicators are used for.

          Firstly, as has been said before, volumes can give a hint, but not an exhaustive one. Secondly, even a simple Moving Average (MA), following the trend, may be of much help.

          Read more at R Blog - RoboForex

          Sincerely,
          RoboForex team

          Comment


          • Dear traders!

            This week, the ContestFX project invites you to take part in the following demo competitions:

            The 142nd competition of "Demo Forex" has gained "cruising speed".
            The 397th competition of "Week with CFD" has just started.
            At 12:00, 25th January 2023, starts the 531st competition of "Trade Day".
            At 20:00, 26th January 2023, starts the 445th competition of "KingSize MT5".

            If you haven't participated in our trading contests yet, all you need is to go through a simple registration procedure just once, and then you can get access to all of your favorite contests in just a couple of mouse clicks.

            We wish you all successful trading!

            Sincerely,
            RoboForex Contest

            Comment


            • What is OPEC, and How It Influences Crude Oil Prices

              Author : Victor Gryazin

              In this article, we will find out more about OPEC and its activities. We will look at the history of OPEC, and how it was established. We will also try to analyse how the organisation influences world crude oil prices and demand.

              What is OPEC?

              The term OPEC (Organization of the Petroleum Exporting Countries) refers to a group of thirteen of the world's largest oil-exporting countries. The organisation was founded in 1960 to coordinate the petroleum policies of its member countries and the technical and economic cooperation among them. OPEC is headquartered in Vienna, where the executive body, the OPEC Secretariat, manages the day-to-day operations of the organisation.

              OPEC was formed in response to the Seven Sisters alliance, which included major international crude oil corporations such as British Petroleum, Exxon, Mobil, Royal Dutch Shell, Gulf Oil, Texaco, and Chevron. They adversely affected the development of oil-producing countries whose natural resources were actively used.

              According to OPEC's charter, the organisation's mission is to coordinate and unify the oil policies of its member countries and stabilise the crude oil market to ensure an efficient and uninterrupted supply of black gold. The basic principles guiding its work are oil for consumers, stable income for producers, and a fair return on capital for those who invest in the crude oil industry.

              How OPEC affects the price of crude oil

              Cartel members produce about 40% of the world's oil, and their exports account for about 60% of global trade in black gold. OPEC estimates that its member countries accounted for more than 80% of the world's proven oil reserves in 2021.

              https://blog.roboforex.com/wp-content/uploads/2023/01/OPEC-1.png

              Members meet regularly to agree on how much crude oil to collectively sell on world markets. Each member country is assigned its own production quota to which it must adhere.

              In case of sharp price fluctuations, OPEC can regulate quotas and, through them, the world's crude oil supply. If the price of the resource falls, OPEC reduces production – this reduces supply, thereby increasing prices. If the cost of crude oil rises excessively, the cartel can increase production to help bring prices down slightly.

              For example, during the economic crisis of 2020 caused by the COVID-19 pandemic, oil became very cheap: at one point, futures went from $50 per barrel to even below 0. To stabilise prices, the OPEC+ participants decided to substantially reduce the volume of crude oil produced by cutting quotas. The supply level fell, which made prices rise gradually and rebound to the level of $50 per barrel by the end of the year. Eventually, the price of crude oil reached $100/bbl.

              Criticism of OPEC

              OPEC criticism dates back to the 1970s when the organisation was perceived as a monopoly. In 1973, member countries from the Middle East banned crude oil sales to the supporters of Israel in the Arab-Israeli conflict, namely the US, Portugal, the Netherlands, and South Africa. As a result, the price of a barrel of crude oil quadrupled by 1974 and impacted end-users negatively with fuel shortages, and the cost of petrol skyrocketed. The embargo seriously affected the US and other economies.

              In response, Western countries in their attempt to reduce their dependence on OPEC stepped up efforts to produce oil offshore in the Gulf of Mexico and the North Sea. Subsequently, global oversupply and lower demand led to a significant drop in the price of black gold.

              Still, some countries periodically accuse the cartel of collusion, through which they believe it manipulates the price of crude oil by interfering with market pricing.

              The US has drafted a bill, NOPEC (No Oil Producing and Exporting Cartels), which would allow US courts to punish association members and their partners for manipulating production volumes. But the project is still in draft form.

              The future of OPEC

              The world economy needs stability and predictability when it comes to crude oil prices, production, and export volumes. Therefore, OPEC is likely to retain its position as a price regulator in the short term. The cartel's position looks quite stable in the context of the current energy crisis, and the expected growth in demand for black gold in the coming years.

              It is worth noting, however, that in the long term, there are factors that could reduce the impact of the organisation's decisions on the global economy. These could include an increase in the supply of cheap shale oil by non-alliance countries and an increase in the use of renewable energy sources.

              Read more at R Blog - RoboForex

              Sincerely,
              RoboForex team

              Comment


              • How and Why the US Government is Promoting Green Energy

                Author : Eugene Savitsky


                Today we will talk about the government's economic stimulus packages for clean energy in the US. We will look at the American Recovery and Reinvestment Act signed by Barack Obama in 2009, and the Inflation Reduction Act signed by Joe Biden in 2022. Let's analyse the impact of these laws on the development of green energy in the US.

                America’s Recovery and Reinvestment Act

                The US economy was harmed by the financial crisis in 2008. By 2009, unemployment had reached 10.2%, which marked the highest level in 25 years. The US government needed to take urgent measures to jumpstart the economy and create new jobs. In response to the 2008 Great Recession, the American Recovery and Reinvestment Act (ARRA) of 2009 was drafted and passed by the US Congress.

                This act provided for investments of 90 billion USD in clean energy. At that time, this was the largest investment in the energy sector in the history of the United States. This economic stimulus package laid the foundation for dramatic changes in the energy system, such as massive electrification of land transport and an increase in the amount of energy from renewable sources.

                Electrification of the automotive industry

                In 2008, Elon Musk's Space Exploration Technologies Corporation (SpaceX) and Tesla Inc. (NASDAQ: TSLA), which were on the verge of bankruptcy, were rescued by NASA contracts. In 2010, the US Department of Energy granted Tesla Inc. a USD 465 million loan to back it up.

                It can be assumed that the active development and growth of this car company have triggered accelerated electrification of the global car industry. Many manufacturers have supplemented their model ranges with electric and hybrid cars. According to EV-Volumes, the number of environmentally friendly cars on the road has increased from a few hundred thousand to nearly 27 million units over the past ten years.

                https://blog.roboforex.com/wp-content/uploads/2023/01/EV.png

                In 2010, Tesla Inc. was the only publicly traded company in the US that focused exclusively on electric vehicles. The return on investment in this corporation by 2020, before the COVID-19 pandemic-induced crisis, exceeded 5500%.

                Promoting alternative energy sources

                According to the Energy Information Administration (EIA), from 2011 to 2021 inclusive, wind power generation increased by more than 200% to 132,753 MW. Solar power generation increased 88-fold to 93,151 MW. In addition, solar photovoltaic modules, which are capable of producing 1 W of energy, have fallen in price from USD 2.15 to USD 0.27.

                At the time of writing, the largest US solar energy companies by market capitalisation were Enphase Energy Inc (NASDAQ: ENPH), First Solar Inc (NASDAQ: FSLR), and Sunrun Inc (NASDAQ: RUN). They were valued at USD 33.4 billion, USD 18.7 billion, and USD 5.9 billion, respectively.

                With energy-saving technology becoming widespread, the classification of household appliances according to their energy efficiency level has emerged. Fluorescent lamps, which were previously used mainly in industrial plants, were introduced for home use. Moreover, less efficient and more energy-intensive incandescent lamps were gradually replaced by more economical LED lamps.

                [B]Why a law to reduce inflation was passed[B]

                The situation in the US today is very different from what it was after the 2008 crisis: unemployment is at a low level and inflation is in positive territory – there was deflation in 2009. However, the government was now facing a new challenge: the likelihood of continued high inflation.

                This has been facilitated by reduced investment in conventional energy sources, which has led to a reduction in hydrocarbon production and a substantial rise in the cost of hydrocarbons. With hydrocarbons being used to generate electricity and transport products and components, their cost constitutes a significant part of the cost of many products.

                Read more at R Blog - RoboForex

                Sincerely,
                RoboForex team

                Comment


                • Dear traders!

                  This week, the ContestFX project, as usual, continues with the following competitions:

                  The 142nd competition of "Demo Forex" is approaching its end.
                  The 398th competition of "Week with CFD" has kicked off today.
                  The 532nd competition of "Trade Day" will start on 01.02.2023 at 12:00.
                  The 446th competition of "KingSize MT5" will start on 02.02.2023 at 20:00.

                  We remind you that all winners of our contests receive prize funds to their real accounts, and they can use them to trade on the Forex market instead of investing their own savings as the initial deposit.

                  If you want to be one of the winners, don't miss your chance!

                  Sincerely,
                  RoboForex Contest

                  Comment


                  • How to Trade the "Day Movement" Strategy

                    Author : Victor Gryazin


                    In this review, we will look at the short-term strategy "Day Movement". It is based on identifying and trading a sideways price range (flat) formed before the start of the European trading session.

                    Description of the “Day Movement” strategy

                    The "Day Movement" strategy is based solely on technical analysis – it does not use any additional indicators. The main prerequisite for trading this strategy is the presence of a flat. The flat is a sideways price movement without a strict upward or downward direction. Local maximums and minimums of price fluctuations are located at approximately the same level, and quotes move within a limited range.

                    According to the rules of this strategy, it is necessary to wait for a sideways range to form on the chart before the start of the European session. The time of formation of the range is from 18:00 server time (GMT+2) on the previous day to 08:00 am on the current day. If the range is formed, two pending buy and sell orders are placed: Buy Stop and Sell Stop, 10 points above and below the limits of this channel, respectively.

                    In pending orders, it is possible to set Stop Loss and Take Profit values immediately or do this immediately after opening a position. The Stop Loss level for a pending buy order (Buy Stop) is set just below the bottom line of the price channel. The Stop Loss level for the order to sell (Sell Stop) is established a bit higher than the upper line of the side channel. The Take Profit is set twice as high as the distance to Stop Loss, but no more than 100 points.

                    If the price has not reached any of the pending orders by 15:00 (GMT+2), they should be deleted, or the expiry time should be set when the order is initially placed. The strategy applies to currency pairs such as EUR/USD, GBP/USD, and AUD/USD. The recommended time frame is H1. If the market is currently experiencing a strong trending movement, then this strategy should only be used in the direction of the trend.

                    How to buy using the “Day Movement” strategy

                    The conditions for opening a buy position:
                    1. A local sideways range (flat) should form on the H1 chart of the currency pair EUR/USD, GBP/USD, and AUD/USD. The time of its formation is 18:00-08:00 (GMT+2).
                    2. A pending Buy Stop order is placed 10 points above the top of the range.
                    3. The Stop Loss limit is set beyond the lower limit of the sideways corridor, and the Take Profit is set at twice the Stop Loss value.
                    4. If the price has not reached the Buy Stop order by 15:00 (GMT+2), it should be deleted or originally set for expiration at this time.

                    An example of buying by strategy
                    • On the H1 time frame of the currency pair GBP/USD, a sideways price corridor was formed between 18:00-08:00 (GMT+2) within the time frame set by the strategy, with the boundaries of 1.2253-1.2290
                    • A pending Buy Stop order is set 10 points above the top of the price range at 1.2300
                    • During the European session, quotations rise, breaching the upper limit of the range. A Buy Stop order is activated, and a buy position is opened. Stop Loss is placed beyond the lower limit of the range, and Take Profit is set at twice the Stop Loss.

                    https://blog.roboforex.com/wp-content/uploads/2023/01/DayMovement-2-1376x828.png

                    How to sell using the “Day Movement” strategy

                    The conditions for opening a sell position:
                    1. On the H1 chart of the currency pair EUR/USD, GBP/USD, AUD/USD should form a local sideways range (flat). The time of its formation is 18:00-8:00 (GMT+2).
                    2. A pending Sell Stop sell order is placed 10 points below the lower limit of the range.

                    Read more at R Blog - RoboForex

                    Sincerely,
                    RoboForex team

                    Comment


                    • Situational Vs. Systematic Trading: Which One is More Efficient?

                      Author : Andrey Goilov


                      To be successful on financial markets, you need a neat trading system that will give you a clear understanding of how to enter and exit the market either with a profit or a loss. The rules of money management are also worth sticking to as they will psychologically prepare you for a series of losing trades as well as profitable ones.

                      Trading with a high-quality system is different from trading without one is also better in the sense that you do not need to think about whether the situation on the market is good enough to enter. You simply follow the rules and open or close trades, moving along the price chart.

                      Unfortunately, no one can tell if the current pattern will be executed or you will have to close it at the Stop Loss. To find out, you just have to trade the chosen method. Of course, you can use certain lifehacks and take measures to increase the probability of the execution of the signal, such as trading on a demo account until you receive two losing positions and only then moving to a real one. There are plenty of ways and methods of trading in the world, and every day millions of traders try to conquer the market.

                      In this article, we shall have a look at the pros and cons of both systematic and situational trading, discuss their differences, and speak about the practicability of each of them.

                      Systematic trading

                      Here, we are talking about a simple indicator-based system that will give the same signals to a dozen of different traders. As a rule, systematic trading does not allow for more than one opinion about the current market situation; the trader just needs to open a position and wait or to wait for a signal to enter the market.

                      In one of our posts, we spoke about the Ichimoku indicator. At first glance, it seems too complicated, but it boils down to trading the trend and waiting for the entrance signal to form. After that, we open a position and wait for the signals to form. For example, if the price breaks through the Ichimoku Cloud bottom-up, then you can buy.

                      https://blog.roboforex.com/wp-content/uploads/2019/10/ichimoku-flat-trend.png

                      If the price breaks through the Cloud top-down, the trend is likely to be descending, so you can sell. You do not need much time to make a decision, following the rules is enough.

                      Sure, in the times of a flat, you will be getting the breakaways all the time and either be opening and closing too many positions bringing no profit or suffering a series of insignificant losses. However, as soon as a trend begins, the market will be bringing the prices farther and farther from the entrance point. In such a case, you simply need to move the SL and hold the profit until the market reverses and closes your position.

                      Pros of trading along with the rules

                      It can often be heard that a good system is no more than 20% of success on the market while the remaining 80% is the ability to follow the rules of money management and stick to your own rules in the hard times, which will happen periodically.

                      As Victor Niederhoffer used to say: "In investments, as well as in life, the question is not whether you will be knocked down but when it will happen and whether you will manage to get up and keep fighting. The risk of failure is an essential part of human experience which is especially visible on financial markets dominated by speculation, which is the readiness to accept commercial risks".

                      A huge advantage of such an approach is the easiness of market analysis and decision-making. The lines have crossed — we sell, the lines have crossed back — we close the position and open a new one. If we hand the method to other traders, they will see the same crossings and will sell the same way due to the signal lines crossing. What is more, the trader feels less emotional pressure as he leaves decision-making to the system.

                      A drawback here is the behavior of the system in a flat. In such a situation, the prices remain in place, while the trader receives signals both to buy and to sell, constantly locking in losing positions.

                      Situational trading

                      This approach to trading and market analysis is different from the systematic one. In most cases, situational trading is graphic analysis where traders look for various patterns, such being, for example, Head and Shoulders, the Wolfe Waves, or any other pattern of technical analysis.

                      The difficult part here is that on D1 the Head and Shoulders pattern may be inversed, while on H1 it may be normal, and this is perplexing. What is more, if other graphic traders look at the very same chart, in the same lines they might see a Triangle or any other pattern, or simply say that it is not worth entering against the trend here.

                      Read more at R Blog - RoboForex

                      Sincerely,
                      RoboForex team

                      Comment


                      • Dear traders!

                        This week, the CopyFX project by RoboForex' invites you to take part in the following competitions:

                        The 143rd competition of "Demo Forex" and 399th competition of "Week with CFD" have just started.
                        The 533rd competition of "Trade Day" begins on 08.02.2023 at 12:00.
                        The 447th competition of "KingSize MT5" will start on 09.02.2023 at 20:00.

                        If you are visiting our website for the first time and want to become a participant of our demo competitions, you just need to create an account and upon completing a simple registration procedure you can participate in any of the contests you like with just a couple of mouse clicks.

                        We invite everyone to our contests and wish you all good luck!

                        Sincerely,
                        RoboForex Contest

                        Comment

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