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  • #76
    How to Trade DAX 30 Index: Safe and Proven Methods

    Author: Maks Artemov


    Today, we will get acquainted with a stock index available for trading in many terminals - DAX 30 index.

    What is DAX 30 index?


    The DAX 30 index appeared on July 1st, 1988. It is calculated as the weighted average value of stock price capitalization, while the stock price capitalization, in its turn, is counted based on just flexible stock prices. The index also includes dividend profit from stocks with the expectation that it will be reinvested in securities. To put it simply, the index reflects the general profitability of the capital. This is the main difference between DAX 30 and other indices.

    DAX 30 peculiarities

    The DAX 30 index is tightly connected to the economy of Germany: if the economic situation in the country is getting better, the index will also grow. The index includes 30 largest German companies traded at Frankfurt Stock Exchange: BMW, BAYER, ADIDAS, etc.

    The list of companies included in the index is not fixed one and forever – it may change based on the capitalization of companies. If an enterprise is suffering serious losses, it may be excluded from the index; vice versa, if a company is gathering pace, increasing its profits and capitalization, it may be included in the index. The list of companies is corrected once in a quarter. The index is calculated during the working hours of the XETRA exchange from 9 a.m. through 5 p.m. CET.

    Now let us figure out how to trade DAX 30 and what strategies to use.

    How to trade DAX 30?


    For many traders, indices are something outstanding, however, things are much simpler than they seem to be. You will get rid of any doubts if you compare the chart of any index to the charts of currency pairs or the charts of stocks.

    The charts of indices and other instruments, be it bars or Japanese candlesticks, will not differ too much, which means that, theoretically, any trading strategies that already exist or will appear soon apply to them. I cannot speak about all trading strategies in one article, so let us concentrate on those without indicators.

    Trading DAX 30 by graphic analysis

    As with any other chart, the chart of DAX 30 frequently forms various graphic analysis patterns. It is quite easy to find them provided that the trader is acquainted with them. Trend continuation patterns are most frequent. Meanwhile, keep in mind the timeframe you are looking at. An index, or, in our case, a CFD of DAX 30 (DE30), is not a currency pair traded 5 days a week without breaks – an index stops trading at the close of the trading session.

    RoboForex offers exceptional conditions for trading Indices. The spread for the DE30 index is from 0. More detailed information on the conditions is available at this page.

    The algorithm of searching for graphic patterns

    The algorithm of searching for graphic patterns consists of the following steps.

    What timeframe to use for trading DAX 30 index?

    This is an important factor because the profit and Stop Loss size depends on it. On a smaller timeframe, there will be much more trading signals during a trading session than on a larger one; the size of the SL will be more acceptable, and signals will be worked off quicker.

    Trade intraday on M5 through M30; H1 is, to my mind, the maximum for trading intraday; H4 and higher will suit for trading on the medium term. Transferring your position to the next trading day, account for possible gaps at the market opening – sometimes they may impose certain inconvenience to the trader.

    Read more at R Blog - RoboForex

    Sincerely,
    RoboForex team

    Comment


    • #77
      RoboForex adds 17 new methods for depositing funds


      For the convenience of our clients from Latin America, we’ve expanded the list of payment systems by adding 17 new ways of depositing funds to their trading accounts.

      New payments systems for depositing are available in the following countries:
      • ArgentinaColumbiaMexico: Banorte, BBVA Bancomer, OXXO, Santander Bank, and SPEI.
      • Peru: PagoEfectivo and Western Union.
      • Uruguay: Redpagos.
      • Chile: Servipag.

      These payments systems are already available in your Members Area and will allow our clients to transfer funds from 10 USD, which is very convenient for traders with cent and standard accounts. More detailed information about available payment systems can be found in the “Deposit & Withdrawal methods” section of our website.

      We’d like to remind you that all RoboForex clients can receive "Profit Share Bonus" and "Classic Bonus" when depositing funds to their accounts.
      Sincerely,
      RoboForex team

      Comment


      • #78
        How to Trade Overbought and Oversold Areas?

        Author: Victor Gryazin


        In this review, we will discuss trading overbought and oversold areas. A trader may use special indicators that analyze the dynamics of price changes and show the overbought and oversold areas.

        What are overbought and oversold areas?

        The notions "overbought" and "oversold areas" in financial markets indicate short-term fluctuations of the instrument values from the average. These terms say that the price has gone quite far in a certain direction. An overbought state of the market means that the price of a financial instrument has gone too high, while the oversold state means it is too low.

        An overbought state is a significant increase in the price (in percent) in a short time or a lengthy series of several days in an uptrend. For example, oil price may become overbought if it leaps by 10-15% during two or three days or demonstrates pullback-free growth for several days.

        As a result of being overbought, the price forms new local highs on the chart. After the bulls have pushed the price rather high, making the asset overbought, a correction downwards may follow at any moment.

        When an instrument is oversold, local lows form on the chart. This means the bears have pushed the rate rather low, and an upward correction may start at any moment. Specially designed trading indicators may help the trader catch the overbought or oversold state of some asset. For this, an indicator has its window split in two areas: the overbought and oversold areas. Getting into those zones, indicators characterize the current financial situation of the instrument (whether it is overbought or oversold) and give certain trading signals.

        Popular indicators for trading in the overbought and oversold areas

        Stochastic Oscillator

        The creator and greatest fan of this indicator is a popular stock trader George Lane. The Stochastic is an oscillator that demonstrates the current position of the price in % of the previous price range. The Stochastic evaluates the ability of the bulls and bears to close the price at the achieved extremes.

        The Stochastic Oscillator is drawn in a separate window under the price chart and consists of two main lines: %K, the fast line, and %D, the slow line. The indicator values vary from 0 to 100%; through the levels of 20 and 80%, signal lines are drawn, singling out the oversold (0-20%) and overbought (80-100%) areas.


        Relative Strength Index (RSI)

        This index pertains to the group of oscillators. It was created and propelled by J. Welles Wilder. The RSI assesses the position and dynamics of the current price related to the preceding period. The RSI is calculated in a separate window under the price chart.

        Read more at R Blog - RoboForex

        Sincerely,
        RoboForex team

        Comment


        • #79
          Providec Trading System: Simple Strategy for Beginners

          Author: Timofey Zuev


          The Providec trading strategy is one of the simplest Forex strategies that I have ever seen: just two indicators than never close the price chart. The trading strategy suits any currency pair or any other instrument featured by the MetaTrader 4 or MetaTrader 5 terminal, be it futures, stocks, of CFDs. The timeframe may vary from M1 to MN.

          If the timeframe is shorter than H1, open orders in the European or American sessions only. As soon as the American session is over, close all trades regardless of their results. Conversely, if you trade on H1 or higher, you may leave trades in the market for as long as you wish.

          The Providec strategy desktop


          Description of the desktop:
          1. The Providec indicator that gives direct signals to buy or to sell by the strategy.
          2. The ProvidecTrend indicator that filters the signals of Providec.


          A signal to buy by the Providec system

          A signal to buy needs several conditions to be met:
          1. The Providec indicator must show a green arrow aimed upwards.
          2. The ProvidecTrend indicator must be green.
          3. The green arrow of Providec must be the first green line to emerge after ProvidecTrend changed from red to green.


          An example of a signal to buy by the Providec system

          Read more at R Blog - RoboForex

          Sincerely,
          RoboForex team

          Comment


          • #80
            How to Trade Nikkei 225 Index

            Author: Andrey Goilov


            Nikkei 225 is one of the most important stock indices reflecting the state of the Japanese economy and overall business activity in the country. It is considered one of the oldest indices in Asia. The stock index includes 225 stocks of companies trading directly in the Japanese market. The most famous of them are Sony Corporation, Canon Inc, Nissan Motor Company, and Honda Motor Company.

            Curiously enough, the index was named after an economic newspaper that used to calculate the instrument. It was first published as long ago as 1950 and was calculated as the arithmetical mean of the companies’ securities. A company’s weight in the index is calculated based not on the general market capitalization but directly on the stock price. The set of companies in the index is revised every September; in October, changes are accepted.

            By the way, RoboForex has just made Nikkei 225 available for trading. Moreover, the company has made trading various indices easier and more attractive by decreasing the minimal lot and step. Average spreads remain among the smallest; for example, an average spread for the De30Cash index is just 0.5 euro per contract.

            Tech analysis of Nikkei 225

            https://blog.roboforex.com/wp-content/uploads/2020/07/nikkei3.jpg

            Nikkei 225 differs from other stock indices, such as NASDAQ, Dow Jones, or S&P 500. If other indices are capable of mighty bullish trades and quick restoration after falls, Nikkei 225 had stuck in a wide flat since the beginning of 2017. Only this year, the quotations have dropped below the lower border of the range, almost reaching the level of 2016.

            However, the price returned into the channel quite soon, and the quotations are now getting ready for testing an important resistance level at 24200; a breakaway of this level will mean a perspective of further growth.

            As for an important support level, it is at 20000. As you may see, upon testing this level upwards, the price tested the support level three times and demonstrated a good bounce upwards.

            On the whole, the instrument is quite technical: many levels and patterns work off quite well. Even now, we can single out an inverted Head and Shoulders pattern forming. Inside the pattern, we may expect a decline and test of 20005, where the right shoulder of the pattern will be complete.


            As a rule, most traders who use graphic patterns for trading, buy at the right shoulder. The general goal of the growth is 30985. The growth will not happen if 16255 is broken away – this will cancel the pattern and potentially indicate a further decline.

            A simple strategy for trading Nikkei 225

            Not all traders enjoy using classical tech analysis for trading because it requires constant thinking and drawing different levels and patterns. A significant disadvantage of the analysis is it being subjective: some will think a pattern not regular enough, others will see a Triangle instead of, say, a reversal pattern. Let us have a look at a trading strategy for trading Nikkei 225 that is not subjective.

            Read more at R Blog - RoboForex

            Sincerely,
            RoboForex team

            Comment


            • #81
              Cryptocurrency Prospects in the Second Half of the Year: No Hope for Miracles

              Author: Anna Rostova


              The first half of this abnormal year 2020 was hard for the crypto market as well. The coronavirus itself can do nothing to digital money because they do not exist in reality but emotions influence crypto trading no less than the fiat market. In January-June this year, the sum withdrawn from the crypto market amounted to almost 2 billion USD – this is almost 200% more than during the same period last year. As we see, cryptocurrency prospects to become a safe-haven asset have failed but what if they have other advantages?

              The stock market slump in March that happened due to the global quarantine did not bring the digital quotations down. After the BTC and altcoin rates fell to the low, buyers returned to the crypto market. Now the latter is aiming at long-term goals because it is clear that world economies will not restore at a split second – this means that we need to look for opportunities to make money or at least stay afloat in some other universe. In the second half of the year, we see some prospects for cryptocurrencies as the market may offer something.

              ETH: the 2.0 version must be a bomb

              https://blog.roboforex.com/wp-content/uploads/2020/07/eth.jpg

              For the last several months, the crypto world has been waiting for an important event for the cryptocurrency market prospects, which is the launch of the 2.0 version of the Ethereum network by the Ethereum Foundation. This is the most important and promising foothold for the ETH that it has not yet fully used. The company remains silent about the date of full-scale tests but promises the start just one of these days. Today, the developers suggest that the users should find weak spots in a very limited version of the network – hack the blockchain, damage blocks, etc., i.e. find as many vulnerable spots as possible. For finding them, the company offers a reward of 5000 USD.

              This means that testing is on but not on a full scale. Hence, the Ethereum 2.0 is still under development.

              The test version of the network may easily be launched this summer, and if the expectations are met the future of the Ethereum will be bright.

              The point is expectations. Ethereum 2.0 is expected to solve the scalability problem. Why is it important? Solving the problem will decrease the calculation chain by several links and thus speeds up the process. The speed of calculations has always the key to victory. The quicker one wins the race. Currently, the average speed of the Ethereum network is 15 transactions a second but if the scalability problem is solved, it may reach 1000 transactions a second. None of the large crypto companies has solved it yet but Ethereum has promised an optimal solution many times.

              BTC: needs China to be ok

              https://blog.roboforex.com/wp-content/uploads/2020/07/btc.jpg

              The probability of a new wave of the coronavirus does not scare crypto investors as much as possible consequences. Long-term investors are focusing their attention on Asia, and the reason is simple: China concentrates a large number of mining farms and plants producing equipment for mining. The share of Chinese miners in miners’ community is still very large. Risk of a new virus – or a new version of an old one – may lead to the closing of mining farms in China. The good news is that such enterprises work quite autonomously, which means they need really grave reasons to close, and there is no such news now.

              Apart from bright speculative factors that are mostly theoretical, the market has no other reasons for the BTC to grow.

              Every other day we hear the news about either hacking wallets or huge transactions. Nonetheless, this is not what could push the leading cryptocurrency in this or that direction.

              What could become a catalyst to drive cryptocurrency prospects? Say, the decision of the SEC about the status of the cryptocurrency – whether it is a currency or an asset. Then the main US banks would include the BTC in the list of currencies available for transactions. As you know, the closer digital money is to real life, the better because more potential users will have access to cryptocurrencies.

              Read more at R Blog - RoboForex

              Sincerely,
              RoboForex team

              Comment


              • #82
                Double & Triple Top, Double & Triple Bottom Patterns: How to Use in Forex?

                Author: Maks Artemov


                Today, we will discuss popular and rather widespread patterns of graphic analysis Double Top, Triple Top and its opposite – Double Bottom, Triple Bottom.

                As we can deduct from the name, these patterns form either at the top or bottom of a trend. Meanwhile, data shows that they can be encountered on all timeframes and chart types (Japanese candlesticks, bars, linear charts). The only difference timeframe-wise is the time that it takes the pattern to form and the time it takes the signal to work off.

                These patterns belong to the reversal category – this means that the work-off of the signal normally leads to the reversal of the current trend or, at least, to a deep correction of the price.

                Now let us discuss these technical analysis patterns more scrupulously and learn to use them in trading.

                Formation rules of the Double & Triple Tops, Double & Triple Bottom patterns

                Let us get started with the formation principles of the patterns.

                Double Top

                A Double Top usually forms at the peak of an uptrend. The larger the timeframe, the more reliable the pattern (this is relevant for all patterns discussed in this article). At the same time, the signal can work off on any timeframe, including M1, M5, etc.

                A Double Top pattern looks like two highs formed one after the other. Theoretically, buyers drive the price to the high, and then a part of them starts to lock their positions, thus decreasing the quotations. At this moment, some latecomers cut in, lifting the price to the same high.

                The two peaks do not need to be equal, point to point, but they need to look like two mountain tops. Then the first buyers start taking profits, the price starts declining, and the second wave has nothing to do but to close positions with a loss or a minimal profit.

                As a result, the quotations drop, and the actual trend changes direction. The support level in this case is the low formed between the two bottoms. This is the starting point for trading and calculating the potential of the trade. We will talk about entry points a bit later.


                Triple Top

                A Triple Top is a slightly modified Double Top. In practice, it forms the following way: after the first two tops form, another group of buyers enters the market hoping for further growth of the price. Indeed, at that moment the quotations do rise to a high and even may renew the previous highs, but this is it.

                Read more at R Blog - RoboForex

                Sincerely,
                RoboForex team

                Comment


                • #83
                  Trader's Psychology: How to Conquer Fear?

                  Author: Timofey Zuev


                  Psychology is an important part of a trader's success in the Forex market. Control over emotions (anxiety and trader's fear) is an intrinsic part of any trading strategy.

                  Why is the trader's psychology important?

                  https://blog.roboforex.com/wp-content/uploads/2020/08/trading-emotions.jpg

                  The thing is that the trading in Forex implies dealing with money and facing high risks of losses. In modern life, a person spends most of their time earning money for satisfying their material and non-material needs. When you work in a certain structure for a wage and do not worry that you will not get paid at all if you make a mistake; however, in Forex, it is quite different:
                  • Firstly, to start trading, you need to open a deposit, i.e. deposit your money on your account.
                  • Secondly, each open trade is a risk of losing a part of the deposit.
                  • Thirdly, if trading goes offhand, the trader will not only make no profit but lose; in other words, they will not only get a “wage” but will remain without the means of receiving this “wage” in the future.

                  Thus, the trader’s attitude to money is extremely emotional due both to the risk of losing it and the perspective of making it. Excessive emotions in trading entail both losses and a profit lower than expected.

                  To become an expert in some sphere, you need to carry out certain duties without useless emotions. When you come to work, you leave your family affairs at home; moreover, you do not worry about each of your operations, you just carry on with what you are to do. Your attitude to trading in Forex must be the same: your trading must be a monotonous sequence of tasks completed. All you need is to disengage yourself from the money and concentrate on carrying out a high-quality trade.

                  The influence of emotions on the trader’s

                  Let us discuss the main emotions that a trader may feel at work and must control firmly. As they say, you should know the face of your enemy.

                  Read more at R Blog - RoboForex

                  Sincerely,
                  RoboForex team

                  Comment


                  • #84
                    Goal Setting in Trading: How to Set Process Goals?

                    Author: Timofey Zuev


                    Let us talk about such a thing as goal-setting in trading. Today, everyone advises you to place goals and even visualize them to let out the powers of your subconscious. Well, your subconscious is a much more complicated mechanism than described in popular psychology books, so we will leave those recommendations out and turn to practical experience.

                    There are two types of goals in trading – financial and process. A financial goal motivates a trader by a potential profit, while a process goal – by scrupulously completing the trading plan.

                    Life shows that there is only one group of traders that can afford to place financial goals – they are experts. For all other traders, process goals will be much more efficient.

                    In fact, for experts, following the financial plan is also the number one goal but financial motives may push them further forward and increase working efficiency. The complicated part of trading is that money is both the measure of the result and a reward for it. This is different from, for example, sports where a sportsperson gains points but also gets a reward that depends on the point quite indirectly.

                    All in all, as long as in trading, the process and result are intertwined, the trader needs to separate the process from anything else and focus on it. This is not that simple, of course, because the completion of the plan depends on the ability to perform repeated actions calmly, even if they lead to a series of losing trades.

                    Process approach to goal-setting in trading

                    https://blog.roboforex.com/wp-content/uploads/2020/08/goal.jpg

                    In a lecture, Alexander Elder spoke about his friend who had used to be a losing trader but some time later became one of the most successful managers. When asked about his secret, the man explained that he succeeded after he imagined that he had a boss living in the Bahamas who paid him for completing trades by a certain plan, not for the sums he earned. He imagined that even he made money at the expense of violating the plan, his boss would not pay him; conversely, if he lost money following the plan, the boss would pay.

                    This logic is a perfect representation of the process approach to trading. When I am asked: “What profit characterizes an expert in trading?”, I reply that profits do not characterize a trader at all. In the short term, a profit may demonstrate a random coincidence of the trader’s action and the market state; also, keep in mind that the trader’s task is not to make money in the short term but to survive in the market and keep earning in the medium/long term. This is a sign of a successful method/system and compliance with it; this should be called professional trading.

                    How to set process goals in trading?

                    A goal “to trade as well as I can” is not a goal at all, it is formulated non-specifically, and we know that non-specific goals are very hard to reach. A process goal must deal with specific skills that you would like to develop and specific habits that you would like to change.

                    To find out what exactly you lack or what hinders your work, try logging your trading, writing down your results, and commenting on your decisions. A bit later you will see what needs correcting.

                    Read more at R Blog - RoboForex

                    Sincerely,
                    RoboForex team

                    Comment


                    • #85
                      Murrey math lines: how to set and trade them

                      Author: Andrey Goilov


                      The Murrey math lines indicator adds horizontal support and resistance lines on a price chart, which, as the author believes, are able to hint at reversals. These lines also provide traders with an understanding of the current market tendency and allows them to see whether there is a potential for a trend reversal.


                      There is an opinion that a trading system based on horizontal Murrey line can provide excellent signals on any type of markets – currency, stock, and even crypto. According to Murrey himself, large investors will behave in the same way in all kinds of markets. Moreover, they can work with the lines on different timeframes, which is an excellent opportunity to follow their capital management rules regardless of the deposit amount.

                      What is the gist of Murrey math lines?

                      Murrey math lines are based on the approach and observations that were made by William Gann, who was famous for his perfect forecasts with the use of different kinds of market symmetry, and one of the most famous technical analysis tools is called Gann Angles. The author himself had significantly adjusted the system and made it easier and clearer for ordinary investors.

                      In Murrey’s opinion, markets will start corrections at some particular price levels, breakouts of and returns to which may provide traders good signals for opening positions. Regardless of the current market trend, the price must either rebound from the level or break the key level, which will point at a boost of the actual trend.

                      Murrey emphasized 8 price levels, marked from [0/8] to [8/8], with [0/8], [4/8], and [8/8] being the most important.


                      Parameters and setting of Murrey math lines indicator

                      At present, most indicators based on this trading strategy set lines automatically and can show not only lines themselves but, in other words, also display scenarios of possible behaviors of traders at the time the price tests these lines. After adding the indicator to a price chart, we will see 9 lines with [4/8] in the center. As a rule, a classic indicator for MetaTrader 4 and MetaTrader 5 trading terminals has only two parameters:

                      Read more at R Blog - RoboForex

                      Sincerely,
                      RoboForex team

                      Comment


                      • #86
                        RoboForex: important information regarding Apple and Tesla stock splits on August 31st, 2020


                        On August 31st, 2020, Apple (AAPL) and Tesla (TSLA) will have their stocks go through a split. A stock split is a corporate action, as a result of which the company increases the number of issued shares by a specific multiplier and reduces the value of each share by that multiplier.

                        Apple will have a 4-for-1 stock split (1 share will be split into 4), while Tesla – 5-for-1 (1 share will be split into 5).
                        How it will influence positions and orders?


                        If you have open positions in Apple and Tesla shares or plan to open such positions, please pay attention to the following changes, which will be effective as of August 31st, 2020:

                        MetaTrader 4 / MetaTrader 5 accounts

                        The split procedure will take place during the weekend, August 29th and 30th.
                        • All pending orders (Buy Limit, Buy Stop, Sell Limit, Sell Stop, Buy Stop Limit, Sell Stop Limit, Stop Loss, and Take Profit) in AAPL and TSLA will be canceled.
                        • For positions in AAPL, the opening price will be divided by 4.
                        • For positions in TSLA, the opening price will be divided by 5.
                        • The volume of each open position in AAPL will be multiplied by 4.
                        • The volume of each open position in TSLA will be multiplied by 5.

                        Please note that if you are using an Expert Advisor (EA), we suggest that you check with its developers whether its code needs any modifications to ensure correct interpretation of the price data after the stock split.

                        R Trader accounts

                        The split procedure will take place on August 31st at 3:00 PM server time.
                        • During the split procedure, all active pending order (Buy Limit, Sell Limit, Stop Loss, and Take Profit) in AAPL, AAPL.nq, TSLA, and TSLA.nq will be canceled.
                        • For positions in AAPL and AAPL.nq opened before 3:00 PM server time, the opening price will be divided by 4.
                        • For positions in TSLA and TSLA.nq opened before 3:00 PM server time, the opening price will be divided by 5.
                        • The volume of all open positions in AAPL and AAPL.nq will be multiplied by 4.
                        • The volume of all open positions in TSLA and TSLA.nq will be multiplied by 5.
                        • All positions in any of these instruments in the same direction and on the same account will be combined into one new position. This new position will have the opening price and a volume based on an average weighted price of all positions held before the split.

                        The historical charts in your trading terminal will be updated to reflect the new prices of the above-mentioned instruments.

                        All other aspects of trading conditions shall remain intact. Please, take into account this information when planning your trading activity.

                        Sincerely,
                        RoboForex team

                        Comment


                        • #87
                          RoboForex: changes in trading schedule (Late Summer Bank Holiday in the United Kingdom)


                          We’re informing you that due to the public holiday in the United Kingdom (Late Summer Bank Holiday) on August 31st 2020, several instruments will be traded according to the changed schedule*.

                          MetaTrader 4 / MetaTrader 5 platforms

                          Trading schedule on Russian GDRs
                          • August 31st, 2020 - no trading.
                          • September 1st, 2020 - trading starts as usual.


                          R Trader platform

                          Trading schedule on CFDs on UK stocks
                          • August 31st, 2020 - no trading.
                          • September 1st, 2020 - trading starts as usual.

                          Trading schedule on CFDs on UK100 index
                          • August 31st, 2020 - no trading.
                          • September 1st, 2020 - trading starts as usual.

                          Please, take into account these changes in schedule when planning your trading activity.

                          * – This schedule is for informational purposes only and may be changed by the provider.

                          Sincerely,
                          RoboForex team

                          Comment


                          • #88
                            What Psychological Traps Do Beginner Traders Face? What Stands in Their Way to Success?

                            Author: Timofey Zuev


                            Let us get started with the simplest questions: how did you find yourself in Forex? What was the reason for you to get interested in such a thing? One of the most popular ways of attracting an untutored searcher of new money sources must be to promise them a quick and easy-to-make profit. Indeed, the Internet is full of ads assuring you that making money in Forex is nice and easy; however, it is not.

                            Of course, one has to get up really early in the morning to fool such serious-minded and clear-headed people like us: we know that there are no free lunches. However, the more you try to ignore the ads, the more curious you become: how do people make money in Forex? This is the starting point where a beginner makes their first step from simple to complicated techniques, from mere curiosity to engrossing passion. Today, the amount of free information about trading and earning is virtually unlimited: read, study, and try. Imagine how delighted you will be to make your first profit on a demo account!

                            With your cheeks flaming, you start calculating what profit you could have made on a real account, and how much it would amount to monthly or annually. You make a wide gesture and deposit your money on a real account. Alas, after your first success or even without it you lose your money. It damps your ardor but you realize that there must be a reason for your losses and recall seeing an ad somewhere promising to teach you how to trade in a fortnight. You rush there.

                            A new step in your studies begins: you learn about indicators, patterns, trends, support and resistance, trading systems, money management, psychology, and other useful things and novelties. Simultaneously, your teachers tell you that in fact, things are simple. Indeed, you succeed again: your demo account is growing, and what you have learned really works. No need to repeat that you deposit your money on a real account – and return to where you got started…

                            Why do beginners drain their deposits?

                            https://blog.roboforex.com/wp-content/uploads/2020/08/psychology1.jpg

                            There are several answers to the question.

                            Reason one

                            Your learning is just a part of your way, the necessary minimum that you need to start making money. The market moves either up or down (for now, we will neglect the times of consolidation). Hence, the first half of beginners will end up with a profit while the second half – with a loss. This first half will immediately open a real account and lose the deposit. Meanwhile, the second half will go on learning, being sure that their effort was not enough – however, they will also open a real account later, explaining their previous losses by a lack of knowledge and experience.

                            Reason two

                            All learning, especially in a dealing center, is a kind of hypnosis. As soon as you read something, you immediately start looking for confirmation of the information on charts – and, curiously, you find them. On the other hand, your teachers leave out the cases when you could suffer losses in the same circumstances. When a beginner opens the terminal and tries trading in accordance with the information studied, one of the two things happen: they either make a profit and fill with enthusiasm – or suffer a loss and start thinking something like: “My gosh, I should not have entered here!” or “On the longer timeframe it was okay but on the smaller one I entered counter the trend!” or “I did it right except for the Stop Loss, it was too short!” or “Why on earth did I wait? I should have closed it with a profit!” or something else of the kind. There might be thousands of explanations, however, not many will admit that the strategy was erratic from the start.

                            Read more at R Blog - RoboForex

                            Sincerely,
                            RoboForex team

                            Comment


                            • #89
                              RoboForex: changes in trading schedule (Labor Day in the USA)


                              We’re informing you that due to the Labor Day in the USA, there will be some changes in the trading schedule*.

                              MetaTrader 4 / MetaTrader 5 platforms

                              Trading schedule on Metals (XAUUSD, XAGUSD) and CFDs on Crude Oil (WTI, Brent)
                              • September 7th, 2020 - trading stops at 7:45 PM server time.
                              • September 8th, 2020 - trading starts as usual.

                              Trading schedule on CFDs on US indices (US500Cash, US30Cash, USTechCash) and Japanese index JP225Cash
                              • September 7th, 2020 - trading stops at 7:45 PM server time.
                              • September 8th, 2020 - trading starts as usual.

                              Trading schedule on CFDs on US stocks
                              • September 7th, 2020 - no trading.
                              • September 8th, 2020 - trading starts as usual.


                              R Trader platform

                              Trading schedule on US stocks and ETFs
                              • September 7th, 2020 - no trading.
                              • September 8th, 2020 - trading starts as usual.

                              Trading schedule on CFDs on US stocks and ETFs
                              • September 7th, 2020 - no trading.
                              • September 8th, 2020 - trading starts as usual.

                              Trading schedule on CFDs on US indices (US500, US30, NAS100)
                              • September 7th, 2020 - no trading.
                              • September 8th, 2020 - trading starts as usual.

                              Trading schedule on Metals (XAUUSD, XAGUSD) and CFDs on Crude Oil (BRENT.oil, WTI.oil)
                              • September 7th, 2020 - trading stops at 7:45 PM server time.
                              • September 8th, 2020 - trading starts as usual.


                              cTrader platform

                              Trading schedule on Metals (XAUUSD, XAGUSD)
                              • September 7th, 2020 - trading stops at 7:45 PM server time.
                              • September 8th, 2020 - trading starts as usual.

                              Please, take into account these changes in schedule when planning your trading activity.

                              * – This schedule is for informational purposes only and may be changed by the provider.

                              Sincerely,
                              RoboForex team

                              Comment


                              • #90
                                RoboForex offers sponsored VPS on MT5 accounts


                                RoboForex is launching a program of Sponsored VPS for those of you who have MetaTrader 5 accounts. Starting September 1st through December 31st, feel free to use a VPS server MetaQuotes, integrated in the platform, at the company’s expense. Normal fee is 15 USD a month.
                                Why MetaQuotes VPS?


                                MT5-integrated
                                Orders and settings of MetaQuotes come directly from your trading terminal by several clicks. After you set up the VPS, all the expert advisors in your terminal will start working incessantly. You have no need to reinstall the terminal, set up the expert advisors and, more importantly, stop their work.

                                24/7 work
                                You will not need to worry about unexpected power cuts or Internet connection failures. Your subscribes and robots will work 24/7, even if you shut down MetaTrader 5 on your PC.

                                Network lagging minimized
                                MetaQuotes VPS is selected for you based on the proximity to the main server at the minimal ping; hence, network lagging in sending orders decreases.

                                To take part in the program, you need to comply with one of the following requirements:
                                • Deposit 500 USD (or its equivalent in another currency) to your account at once.
                                • Have a balance of no less than 500 USD at 00:00 server time on the first day of a new month.

                                After you fulfill the requirements correctly, you will receive a confirmation e-mail with further instructions.

                                For more detail, see the Rules of the program.

                                Sincerely,
                                RoboForex team

                                Comment

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