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  • Vlad RF
    replied
    GBP/JPY Forecast: Will the Correction Begin in the Q4 of 2023?


    The GBP/JPY pair is among the currency pairs that are highly favoured in the global currency market. In this article, we will examine the primary fundamental factors affecting the GBP/JPY exchange rate, analyse its performance in 2023, and explore the short-term and medium-term forecasts provided by experts.

    Overview of the GBP/JPY currency pair

    The GBP/JPY pair is a cross rate comprising the two popular currency pairs, GBP/USD and USD/JPY. It is worth reminding that a cross rate is the value of one country’s currency denominated in another country’s currency and determined based on their value against a third country’s currency. In this case, the latter refers to the US dollar, the key international reserve currency. The GBP/JPY exchange rate reflects fluctuations in the British pound sterling (GBP) value against the Japanese yen (JPY).

    The UK currency is the base currency in this pair, and the current price reflects how many yen are needed to buy or sell one pound sterling. When the pair quotes increase, it indicates a strengthening UK currency. Conversely, a decline signifies a weakening pound sterling against the yen.

    Trading characteristics of the GBP/JPY pair
    • The yen exerts the most significant influence on the currency pair’s performance. If there is a strong directed movement of the JPY, the pair’s quotes are likely to follow it. At the same time, owing to its high volatility, the GBP may occasionally set the direction of the movement
    • The pair trades round the clock from Monday to Friday inclusive
    • The highest activity is observed during the Asian, European, and American trading sessions
    • The GBP/JPY pair experiences high daily volatility within the 1,000-1,500 pips range. During times of market force majeure, it has the potential for strong movements exceeding 3,000 pips per day
    • Thanks to its popularity and high liquidity, the spread for this pair ranges around 10 pips in a quiet market

    Fundamental factors influencing the GBP/JPY quotes

    The Bank of England’s monetary policy

    The primary tool used by the Bank of England, the UK’s central bank, to control inflation and influence the exchange rate of the national currency is the implementation of changes in the interest rate. If the interest rate increases, the pound sterling exchange rate appreciates, while a decrease in the interest rate leads to a decline in the exchange rate. Since December 2021, the Bank of England has executed a series of interest rate hikes to curb mounting inflation.

    The rate increased from 0.1% to 5.25% during this period. The Bank of England’s Monetary Policy Committee aims to achieve a 2% inflation target. In October 2023, the Consumer Price Index (CPI) rose by 6.7% compared to 2022 figures. With inflation rates slowing, the UK central bank paused its interest rate hikes from August 2023. The regulator sees risks of a potential slowdown in the country's economy due to a significant tightening of credit terms.

    GBP/JPY performance in 2023

    The GBP/JPY pair has maintained a consistent upward trend throughout 2023. The quotes surged from a low of 156.00, where they hovered at the beginning of the year, to a 7-year high of 186.76 in late August. The absence of clear signals from the Bank of Japan regarding potential monetary tightening exerts upward pressure on the yen, driving the currency pair’s quotes higher.

    At the same time, the Bank of England has actively raised interest rates throughout 2023 in response to mounting inflationary pressure. The significant difference between the rates resulted in the serious weakening of the yen and the gradual growth of the pair’s exchange rate. At the time of writing on 9 November 2023, the quotes hovered around 185.40, nearing their annual high.

    https://blog.roboforex.com/wp-content/uploads/2023/11/gbpjpy-1.png

    GBP/JPY technical analysis

    The pair has steadily grown since September 2022, moving within the long-term daily ascending channel. At the end of August 2023, the quotes reached an annual high of 186.76, followed by a slight downward correction during which the price hit a low of 174.28. It is worth noting that this is now a local support level.

    Read more at R Blog - RoboForex

    Sincerely,
    RoboForex team

    Leave a comment:


  • RF roboforex
    replied
    Dear traders!

    This week, a RoboForex project called ContestFX offers you the following demo competitions:

    The 152nd competition of "Demo Forex" has been running since last Monday.
    The 439th competition of "Week with CFD" has just started.
    The 573rd competition of "Trade Day" will start on 15.11.2023 at 12:00.
    The 487th competition of "KingSize MT5" will start on 16.11.2023 at 20:00.

    To participate in our contest, all you need to do is to go through a simple registration procedure just once, and then any of the competitions you like will be available to you in just a couple of mouse clicks.

    We wish all of you successful trading!

    Sincerely,
    RoboForex Contest

    Leave a comment:


  • Vlad RF
    replied
    How to Become a RoboForex Partner and Earn Money with the Company


    In this post, we'll talk about the RoboForex Partner Programme and how you can earn money in the Forex market without actually trading. First of all, let's define the "affiliate programme" concept. What is it about?

    This term refers to an Introducing Broker (IB) collaboration in which the partner attracts new clients for the broker by using the promotional resources made available by the broker. The resources can be thematic platforms, publishers, forums, and blogs that can turn visitors to the resource into active clients of the broker.

    The partner may receive payments for the direct attraction of a new client, or for the further client's trading activity, or both. This cooperation scheme is beneficial for both parties: the broker acquires new active clients referred by the partner, as a result of which the partner receives passive income. It is important to note that the amount of this income depends on the intensity of the trading operations on the attracted client's account.

    RoboForex Partner Programme

    The RoboForex Partner Programme provides the incentive to earn a steady income by attracting clients to the company and providing them with access to the latest trading technologies and high-quality services. According to the Programme, the broker transfers up to 70% of their income to the partners, and up to an additional 20% under the Loyalty Programme from the total partner commission. In total, the payout can amount to up to 84% of the broker's income – a unique offer in the market.

    The initial amounts received can be used by the partner to further develop the affiliate network, and attract new participants who will eventually become clients of the broker. More clients = more payouts.

    Thanks to special conditions, RoboForex partners can instantly develop their affiliate network to a certain level, and start receiving a stable income from the very first month of work. Such affiliate networks are not a rarity in the modern market. They are actively developed by brokerage companies, whose owners started off as partners of RoboForex, which emphasises the high profitability of this type of earning.

    Loyalty programme

    The RoboForex Loyalty Programme allows you to additionally receive up to 20% of your partner's commission for the month. The Loyalty Programme payment scheme is shown in the table below.

    VIP programme

    Within the frameworks of our VIP Programme, you can receive an partner commission in the amount of up to 70% of the Company’s revenue for your direct clients (1st level), and 10% of the commission received by your sub-partners (2nd level).

    Expert programme

    A 5-tier Expert Programme is available to partners, offering a partner commission of 35% of the company's earnings for direct clients, and an additional percentage of commissions for sub-partners at various levels of the affiliate network.

    Increased partner commission rate on Gold, Silver, Oil and other instruments

    In February 2023, RoboForex significantly increased its partner commission rates for the popular instruments such as Gold (XAU/USD), Silver (XAG/USD), and Crude Oil (Brent, WTI). In addition, the rate was increased for US500, USTech, and US30. The changes and the current values of the partner commission rates are reflected in the tables below.

    What the broker provides to the partner

    Partners can choose advertising content to put on their sites. A large selection of banners, informers and other related promotional material can be found in your personal account.

    There are special affiliate accounts with an increased spread and with an increased commission per 1 million USD of turnover. They allow you to earn up to 70% of broker's revenue and are available for all affiliates. They will be most suitable for those affiliates who provide their clients with various additional services – trading signals, expert advisors, access to scripts and other options.

    Advantages of the RoboForex Partner Programme
    • There is no limit on payouts
      The maximum payout depends only on the partner’s success
    • There are no restrictions on transactions
      The partner's remuneration is paid for all transactions of attracted clients, without exception
    • There is no limit on bonuses
      The partner's commission is calculated including all bonuses that have been used by the clients referred
    • Simple analytics
      Partner receives real-time, comprehensive information about their referred clients in the relevant sections of their Members Area
    • The Broker's Loyalty Programme
      The broker rewards active partners and gives them the opportunity to earn up to 20% extra income on top of their existing remuneration

    How to get started

    To become a partner of RoboForex, simply register your account on the broker's official website. When you register, you will be presented with an Partner Agreement, which describes the terms and conditions of your cooperation in detail. You can attract new clients to the company, and earn money from their trading activity as soon as you complete registration!


    Read more at R Blog - RoboForex

    Sincerely,
    The RoboForex team

    Leave a comment:


  • Vlad RF
    replied
    Price Movements: By Chance or By Nature?


    Most traders I have known want to absolutely conquer the market. Some succeed, but only every now and then, failing to turn this conquer into a permanent win. The reasons are many, from insufficient skills or experience all the way to the lack of the 'holy grail', with the 'not enough money' reason in between. Well, a good set of excuses. These reasons, however, are somewhat true, as all traders are different and use their trading potential differently.

    Two major trader’s opinions

    There are two major opinions in the market that divide all traders. The first are Stochastics, those who want to predict the price movements. The second, agnostics, are just moving with the market, watching it constantly. The former are an overwhelming minority, while the latter account for about 90%. And even if you are a stochastic, chances are that you're a bit of agnostic, too.

    What makes traders choose one way or the other? Again, the reasons are many, but, first and foremost, people tend to back their opinions with theories, either scientific or not that much.

    The effective market theory

    The effective market theory, for instance, tells us that all market players have access to the same information allowing them to analyze and predict the market moves. This way, each new piece of information is already priced in the market. All market players act rationally, like robots, in order to make the most of it, while a single trader is not able to influence the market.

    This has nothing to do with the reality, though. What about the legal actions involving traders who used insider hints to speculate in the markets? Or how about those who buy out a certain currency in order to raise the demand for it? That's it. Theories work for ideal markets, not the real ones.

    Reasons for market movements

    Any move that happens in a real market has a medley of reasons behind itself; at any given moment, those reasons may be different, and the correlation between them may also be different. The point to understand is that no emotion, speech or data release may influence the price without someone's placing a real buy or sell order. If a bullish candle is rising, this means people are hitting the Buy button on and on, even with the ask price rising,

    And the same is for a bearish candle. These are the basics of the price movement mechanics. Why do then massive buyouts and selloffs occur? The effective market theory has a ready-made answer for us again. A trader will sell a country's assets in case the local key interest rate is cut, the unemployment is rising, a war conflict breaks out, and so on. In other words, if a trader understands an asset is under risk, they attempt to get rid of it as soon as possible, even if the price is not that good.

    Conversely, if the key interest rate is being risen, or, say, a QE program is coming to an end, a trader will buy out the appropriate assets. You understand, of course, however, that any market has trends, both short term, midterm, and long term, each of them being influenced by various factors and with different weight. Before a long term trend is reversed, the short term one ought to fade out first. Besides, any market has all types of players: large, medium, and small, and all of them operate at different levels on different time frames.

    Read more at R Blog - RoboForex

    Sincerely,
    RoboForex team

    Leave a comment:


  • RF roboforex
    replied
    Dear traders!

    This week, the ContestFX project is waiting for you with the following contests:

    The 152nd competition of "Demo Forex" and 438th competition of "Week with CFD" have just started.
    The 572nd competition of "Trade Day" will start on 08.11.2023 at 12:00.
    The 486th competition of "KingSize MT5" will start on 09.11.2023 at 20:00.

    All participants of our contests have a chance to showcase their trading skills. Upon winning, they'll receive prize money to their real accounts which they can use to trade in Forex market instead of investing their own savings.

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

    Sincerely,
    RoboForex Contest

    Leave a comment:


  • Vlad RF
    replied
    How to Hedge Your Risks?


    Hedging risks is an essential ability for both new and advanced investors. Risk hedging is used when a trading system no longer works, and you've got to secure your capital against the volatile market conditions.

    Hedging on Forex

    The most simple and popular way to hedge risks in Forex is opening an opposite position. For instance, if you've got a losing long position which you don't want to close, you can just go short, opening a sell position with the same size. Thus, your losing position will get compensated with a winning one.

    This is not that perfect, though. When doing so, you've got very little free margin to trad with, which limits your trading and may lead to loss of potential profits. Besides, you will spend money on spread, and this is not less important. You can think of it as 'a little money here and a little there', but this finally may lead to permanent losses.

    Accepting losses

    What is the best way to act then? Sometimes, it is a good idea to just close a bad trade before it ruins your deposit. A mistake, yes, but not a catastrophic one. Such mistakes are good to learn on as long as you get more experienced.

    More seasoned traders may choose an index that monitors a few currencies instead of sticking to a single pair. Thus you will be able to see a pair that stands out of the market noise. For example, you can track the dollar index that will help you to monitor both EUR/USD and other currencies. Having a look at the overall market picture is also a way of hedging your risks.

    Sometimes, too much hedging and in-depth trading is also bad. In these cases, one had better stick to the simplest strategies without too much analysis or searching magic robots, signals, or signs.

    Conclusion

    Very often a trader understands why the hedging strategies are good only after they have faced losses. In the worst scenario, this will happen only when the deposit is already blown. This makes using the hedging techniques essential since your first trading day, before you lose too much money.

    Read more at R Blog - RoboForex

    Sincerely,
    RoboForex team

    Leave a comment:


  • Vlad RF
    replied
    How Much Should Be the First Deposit Amount?


    After doing some demo trading and conquering the virtual market, every trader starts sooner or later thinking about opening a real account and depositing their hard-earned money. The question of 'How much should I deposit?' arises soon, and the answers are many. The first one may think of is funding the account with the minimum deposit amount or the minimum investment amount defined by the broker. However, when choosing this option, one should understand this may lead to losing the deposit quickly if the market goes against you. Meanwhile, the losses at early stages are very bad for any trader's psychology, and overcoming such losses is not an easy task. Thus, sometimes, continuing demo trading is much better than investing a minimum amount.

    Setting goals for trading

    Another popular option described across the web is that a trader should invest so much money as they are willing to lose. In other words, a trader ought to believe they will be wagering their money, rather than investing. This could be partly true, as deeming this money lost from the very beginning will solve any future emotional problems in case this money is really lost. On the other hand, however, this may make the trader think their trading activity is unimportant, as if it were a mere game of chance. This is actually why most novice traders do not trade but rather wager, and only one out of ten, on average, is successful.

    We believe everyone asking themselves the How Much Should I Deposit? question should first understand their purpose. If you are in the markets only to play a game, it does not matter how much (or little) you are going to invest. Whether you play with a hundred or two of bucks in a cent account or even continue demo trading, makes virtually no difference.

    Typical mistakes of a trader

    Many beginner traders think they could turn $100 into millions in a month. Is it realistic? Long story short, you will have to double your deposit every single day. This is barely possible, even mathematically. So, every time you start thinking on saving up your cash and putting in a minimum deposit, multiply this amount by 10 or even 20. This won't guarantee you any profits either, but will at least allow your account to have some financial support, preventing it from getting 'blown' in a flash.

    Conclusion

    Rationally thinking, the first deposit amount should be in line with the average weekly or monthly gain the trading system is ready to provide you with. Thus, if you want to earn, say, $1,000 per month, and your system gives you 10% to 20% monthly, you should deposit between $5,000 and $10,000.

    We all understand, however, that financial conditions of every single trader matter, too. Some would say $1,000 is a large amount, while for others 100,000 won't be enough. Everyone has to make their own choice, and should remember at all times that even a huge deposit does not guarantee profits without the appropriate attitude to trading.

    Read more at R Blog - RoboForex

    Sincerely,
    RoboForex team

    Leave a comment:


  • RF roboforex
    replied
    Dear traders!

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

    The 151st competition of "Demo Forex" is approaching the final stage.
    The 437th competition of "Week with CFD" has just kicked off.
    The 571st competition of "Trade Day" will start on 01.11.2023 at 12:00.
    The 485th competition of "KingSize MT5" will start on 02.11.2023 at 20:00.

    It is very easy to take part in our demo contests - all you need to do is to go through a simple registration procedure just once, and then any of the competitions you like will be available to you in just a couple of mouse clicks.

    Join us, it won't be boring!

    Sincerely,
    RoboForex Contest

    Leave a comment:


  • Vlad RF
    replied
    What is Margin and How to Trade with Leverage?


    When it comes to margin, people who are not knowledgeable in trading usually think it's the difference between the buying and the selling price. While this is true for most other cases, in trading, margin means a collateral you've got to pay in order to open your position.

    In the trading window on your terminal, you will see Margin and Free Margin sections, among others. Not all understand what it is, though. Let's see then.

    What is Margin in trading

    Margin is an amount that represents a collateral to keep your positions open. In the trading platform, it is usually shown in the base account currency as a single figure, even if you have quite a few active positions. If you opened a long one-lot trade on EUR/USD, you'll have the respective collateral amount in the Margin section. If your account currency is the dollar, and the EUR/USD pair is now at 1.2000, your margin is 1.2000 x 100,000 (one lot) = $1,200. Your leverage is not shown here. (Don't worry, we'll cover it a bit later on). Once you've closed your position, you are getting your margin collateral back, adjusted on profit and loss. So, in case you got a $100 profit, you will get $1,300.

    Your free margin is the amount you still can use as collateral to open new positions. Say, if you've got $10,000 on your account and opened a trade for $1,200, you still have $8,800 as your free margin. This is floating, however, as it depends on your active positions profits and losses. When your open positions are losing, your free margin will be down, and, conversely, with profiting positions, you will have more free margin. Many open a lot of positions at a time, using nearly all of their free margin. This may often lead to a margin call, and the positions being automatically closed.

    What is leverage

    Leverage is the amount of money your broker is willing to loan you for trading in the market. The leverage depends on the market you are operating in, as well as on the broker and the trader themselves. In the stock market, you can have 1:1 or 2:1 leverage or more, but very rarely can it be over 20:1. In Forex, however, a 500:1 or even 1000:1 leverage is not something beyond understanding. But wait, what do these figures actually mean, you may ask. Well, let's see.

    Leverage is a very important vehicle for most retail traders. Few are those who can open a few-thousand-dollar account; with leverage, however, you'll be able to operate large amounts even with a few hundreds of bucks. Whether this is good or bad, is disputable. With such a tool, a trader gains an opportunity to actually trade the markets, but there's a downside: with leverage, the potential loss is magnified, too. So, you've got to be sensible when trading with leverage.

    Leverage amount

    The most popular leverage on FX out there is 100:1. This means, you can operate with $100,000 having just $1,000 on your account. Thus, the number of instruments you can trade increases drastically. On the other hand, you can't lose money that is not yours, so once you've reached your limit (that is determined by every broker individually), your positions will be closed automatically, because the broker will want their money back.

    Read more at R Blog - RoboForex

    Sincerely,
    RoboForex team

    Leave a comment:


  • RF roboforex
    replied
    Dear traders!

    This week, the ContestFX project, as usual, is waiting for everyone to participate in the following competitions:

    The 151st competition of "Demo Forex" has crossed its "Equator".
    The 436th competition of "Week with CFD" has just started.
    The 570th competition of "Trade Day" will start on 25.10.2023 at 12:00.
    The 484th competition of "KingSize MT5" will start on 26.10.2023 at 20:00.

    Let us remind you that upon winning any of our competitions, you'll receive prize funds to your real account, and this money can be used for trading in the Forex market instead of investing your own savings.

    Good luck to all traders!

    Sincerely,
    RoboForex Contest

    Leave a comment:


  • Vlad RF
    replied
    What are the Rules of Fundamental Analysis


    Macroeconomic data

    First and foremost, a trader should comprehensively learn and understand all macroeconomic data, political indicators, and other events that involve any governments, countries, currencies, or assets, such as sanctions, formal talks, summits, etc. One should also bear in mind that different indicators may influence the market differently. Sanctions, for instance, bring stress and are long term, which means you should first take this into account and consider monthly reports, such as exports or inflation, only at the next stage. Conversely, a rising VAT would strongly influence the consumer price index (CPI) and, therefore, the currency in question, but not for very much long, i.e. for two or three months. This means you need to study all factors but understand that they all have different kind of influence.

    Data sequence

    Secondly, fundamental analysis does not have a basing strategy; one has to understand the current market situation on the whole, yet learn all the details. There are no step by step guides to run fundamental analysis either, so keep an eye on everything: what kind of political regime a country has, how the government takes its decisions, and so on.

    Combining fundamental analysis and tech analysis

    Another rule says that combining fundamental and technical analysis is not a bad idea. This is not an easy task, but the rewards may be great.

    Trading the news

    Some people use news trading, which is similar to scalping. In order to get it work, however, one has to very well understand the macroeconomic news, analyze them quickly, and drive right conclusions. First off, you've got to have the economic calendar at hand; thus, you will always know which news are being released today, what are the key data, and what the analysts expect. As a rule, news trading involves only global indicators, such as the US or Chinese GDP, US job data, Fed or ECB meeting results, etc. The way it works is quite simple: you analyze the expectations, get the conclusion, and go long or short, depending on what you have decided.

    Correlation of trading instruments

    Some also apply knowledge about a certain currency, which works in any market conditions. The US dollar, for instance, has a strong negative correlation with the crude and the gold. When the greenback is strong, these major commodities are down; conversely, when the crude rises, the currencies of the oil-exporting countries follow it. This always works, unless the market is populated with large speculators or institutional players that drive the prices their way.

    Read more at R Blog - RoboForex

    Sincerely,
    RoboForex team

    Leave a comment:


  • RF roboforex
    replied
    Dear traders!

    This week, a RoboForex project called ContestFX invites you to participate in the following demo contests:

    The 151st competition of "Demo Forex" has gained "cruising speed".
    The 435th competition of "Week with CFD" has just started.
    The 569th competition of "Trade Day" will start on 18.10.2023 at 12:00.
    The 483rd competition of "KingSize MT5" will start on 19.10.2023 at 20:00.

    Becoming a participant of our competitions is easy - all you need to do is to go through a simple registration procedure just once, and then you'll get access to all contests with just a couple of mouse clicks.

    We're looking forward to your joining in and wish you good luck!

    Sincerely,
    RoboForex Contest

    Leave a comment:


  • Vlad RF
    replied
    What is Trading and Who are Traders?

    What is trading?

    Let’s consider the etymology of the word “Trading”. It is derived from English “to trade”. Thus, we may come to the understanding that trading is some kind of activity, which is related to buying or selling something.

    Surely, many of you have heard such expressions as “grain trading” or “oil trading”, but the most popular one is “online trading”, which means trading different types of assets in the Internet. In the past, a person who wanted to make money on trading stocks, currencies, or any other derivative financial instruments (futures, for instance) had to open an account with a broker.

    They could send orders to sell or buy only over the phone, hence often wasting valuable seconds and minutes and, as a result, losing money. With the development of internet technologies, the mankind got an opportunity to buy stocks of companies and currencies of countries that are located halfway around the world without leaving their homes.

    Thanks to the modern brokerage services and state-of-the-art computer technologies, one can trade Apple stocks from a Paris attic, corn futures from a cozy New York office, or sell/buy Euros for US Dollars travelling by car or train anywhere in the world. The only thing that matters is a stable internet connection. For a large number of people throughout the world trading has become not just a business or a way to make money, but also a lifestyle.

    Who are traders?

    Those who are engaged in this type of activity are called traders. A Trader is an occupation not only of the present, but of the future as well. Reasons for this are quite obvious:
    • First of all, this job offers a great deal of ways and opportunities for making money.
    • Secondly, the number of available trading instruments is constantly expanding.
    • Thirdly, considerable increase of quantity and quality of infrastructure services.
    • In the fourth place, continuously growing number of new market players, not only professionals (such as investment and hedge funds), but private investors and retail traders as well, which may suggest stable prospects of further development of online trading.

    What is algorithmic trading?

    Another important factor that accelerates the online trading industry is constant improvement of software for algorithmic trading.

    Summarizing this information on online trading, it would be safe to say that this occupation is currently one of the most popular business activities in the Internet. If you dream of being a freelancer and prefer making your own decisions instead of taking orders from others, incurring expenses for office space, staff, suppliers, and rent, then online trading is surely a way out for you. Apart from this, online trading is an intellectual business where all best and strongest features of your character may be applied in the most appropriate way.

    Read more at R Blog - RoboForex

    Sincerely,
    RoboForex team

    Leave a comment:


  • Vlad RF
    replied
    Which Market to Choose?

    If you are a beginner trader, you are sure to be asking a question to yourself: Which market to choose for trading? The options are actually scarce: you can choose from Forex and stock market. Each of the above are virtually the same in terms of difficulty level, and each of the assets you can find there, be it a stock, a currency or a futures contract, acts in the same way for building an investment portfolio. In order to decide where to trade, you as a trader have to be knowledgeable not only about the markets as such, but also about your counterparts, or trading partners.

    Trading is all about buying and selling assets, and you can either trade Forex or stocks only or trade all markets at the same time. It is worth mentioning that all these markets are highly liquid, which means a trader may buy or sell any asset at any time, within the trading hours. The traditional exchanges, however, work only specific hours Monday to Friday, which somewhat limits the way you can trade, while the decentralized Forex market works 24/5.

    In terms of choosing the asset to trade, stock market is well ahead of the others, as you can pick any of dozens of thousands of company stocks and their derivatives. Forex is number two here, as the number of major pairs and crosses is not that large.

    If you ask where you can make the most money in the easiest way, you won't get any answer. Everything depends on your strategy, discipline, and the current market conditions. After all, there are no bad markets out there, one can trade and earn everywhere.

    Read more at R Blog - RoboForex

    Sincerely,
    RoboForex team

    Leave a comment:


  • RF roboforex
    replied
    Dear traders!

    This week, the ContestFX project is waiting for you with the following contests:

    The 151st competition of "Demo Forex" has been running since last week.
    The 434th competition of "Week with CFD" has kicked off today.
    The 568th competition of "Trade Day" will start on 11.10.2023 at 12:00.
    The 482nd competition of "KingSize MT5" will start on 12.10.2023 at 20:00.

    We remind you that all winners of our competitions receive prize funds to their real accounts, and they can use them to earn money in the Forex market instead of investing their own savings.

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

    Sincerely,
    RoboForex Contest

    Leave a comment:

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