Your ability to observe Support & Resistance together with RSI Indicator as advised by Professionals at InstaForex Nigeria increases your chances of winning on every trades..
HOW TO OBSERVE SUPPORT AND RESISTANCE:
The support and resistance levels are key areas or zones; In MT4 charts in which traders look out for it enables them make accurate decisions as regards successful trading or in execution of their trades.
I) AT RESISTANCE LEVELS: Sellers are expected to come in more into the market thereby exerting a downward pressure on prices thereby forcing prices DOWN.
II) AT SUPPORT LEVELS: Buyers are expected to come in more into the market thereby exerting an upward pressure on prices thereby forcing prices UP.
At resistance levels prices might be retesting the resistance levels after a major uptrend thereby forming a channel.likewise after a major downtrend prices might be retesting the support levels thereby forming a channel.
Please note that resistance levels are not straight lines but an “area or zone” the same applies to support levels
PROFITABLE USE OF THE R.S.I INDICATOR:
The relative strength index(R.S.I) as the name implies enables the trader to determine the strength of the trends. It is better used with the default parameter.
Its applications are such that:-
If R.S.I is above 50 = BUY
If R.S.I is below 50 = SELL
If R.S.I is above 70 = OVERBOUGHT Which means that it started buying from Level 50
If R.S.I is below 30 = OVERSOLD Which means that it started Selling from Level 50
If the R.S.I is above 70 level it is said to have been overbought because it started buying from 50 and could remain at overbought level for days. If RSI is Less than 30 Level it is said to have been oversold because it started selling from level 50 and could remain at over sold level for days, This indicator is more stable when viewed at the bigger picture i.e on the daily time frame.
Please note that where level 50 is not on your indicator window, locate the horizontal line on your instaforex trading platform and drop it between levels 70 and 30. Double click on it and as soon as the white dots appear on the two extremes of the horizontal line, place your cursor on the horizontal line and then locate the 50 level accordingly
You can use the RSI technical indicator to create your own technical system.
This system will never work 100% of the time, but if they work 70% – 80% it should be enough. To further increase your chances of winning and reduce your probability of losing on every trade you can use fundamental analysis. I think that most traders choose one or the other but many traders use both.
Fundamental analysis is to trade the news.
Start your trading way right now with InstaForex Nigeria!
Forex Trading with the Award Winning Forex Broker..
1. Good bonus system; InstaForex offer several bonuses to its clients including bonuses like 30%, 55% etc. the best part is that these bonuses are trad-able which many brokers are trying to imitate. Other brokers will remove their bonus from their client’s account when the customer is losing and this eventually causes the client to lose all his funds. This is not so with Instaforex, InstaForex allows the bonus to buffer and support the client’s capital throughout his trading.
2. Deposit minimum of $1 and a 1:1000 leverage; Award winning InstaForex broker started allowing Forex trading with only $1 deposit and they still offer it till date. At that time most brokers had minimum deposit at $100. It’s often surprising that the broker which has many millionaires traders can also accommodate many traders with $1, $5 deposit. Irrespective of the deposited amount InstaForex still offer same and equal services for every account.
3. No cheating; Most brokers offer the same amount of spread but this is what newbies will discover. Some cheating brokers will offer a spread of 0.3 but when you want to close your trade their platform will prevent you until 0.3 or more values have been added to that trade. InstaForex broker does not exhibit this type of fraud. A client once complained about a broker that he could not close a profit trade until 4 hrs later after so many attempts and requotes. He eventually closed that trade in a loss. This is pure cheating.
4. Demo Contest; unlike other Brokers, There are clients that have the trading skills but lack the capital to trade with. To help such clients InstaForex introduced so many types of contest from weekly to monthly type with cash prizes that are credited onto live accounts from which these clients can trade and earn profits for themselves. This way InstaForex has made itself well loved by vast range of clients. Several traders have won thousands of dollars from such contest and this became their start-up capitals.
5. Autochartist – Clients of InstaForex Nigeria can employ a latter-day software instrument, Autochartist. It works online on more than 500 trading instruments and signals the most profitable trading opportunities. Use of Autochartist will allow you to facilitate the Forex trading. In this section, InstaForex clients will be able to download the Autochartist plug-in for free.
- For more on InstaForex unsurpassed services in Nigeria. Call: +234 (0) 813 345 0038
- Don’t have an account? Click Here to Open a Live Account
This very service is FREE and is available to all Local and International clients no matter your location. There is also a free CALL-BACK to InstaForex Nigeria clients..
To access this service you must have a Live trading account with InstaForex Nigeria or kindly CLICK HERE to create one. InstaForex account opening takes not less than 3 minutes..
FREE TECHNICAL SUPPORT GUIDE:
In order to address various areas of challenges as regards Forex trading and provide tips that would enhance profitability, Clients are advised to call in every Tuesdays and Thursdays from 10am – 4pm GMT+1 through this line +234 (0) 903 358 8803.
This service could be accessed at any other day via a dedicated line +234 (0) 818 829 1443 between 10am to 1pm Nigerian time
This is one of the very effective services by www.instaforex.com.ng to our numerous clients every Tuesdays & Thursdays
FREE NEWS SMS ALERT:
This is one of the services rendered by instaforex.com.ng to assist our clients and enhance their profitability.High probability and volatile news/events are communicated to our clients via our SMS alert services as and when due.
we reach out to our clients
At our website www.instaforex.com.ng, clients or prospective clients could download it.It renders an insight into what Forex trading is all about.
Clients and prospects are advised to rush to www.instaforex.com.ng homepage to avail themselves of this package as soon as possible and reach out to our Technical Support Team via our dedicated line +234 (0) 903 358 8803 for more insight on regards the business of Forex trading. You would be glad you did while we look forward to hearing from you.
This is a special service that instaforex.com.ng offers to its numerous clients. This is being applauded by our clients all round the globe as unique in the sense that it has been assisting clients in enhancing the profitability of their trades. Meanwhile Terms & Conditions apply for The Free Signal Service.
Trading without Stop Loss and Take Profit is not advisable and not the right thing to do. By doing so you jeopardise your capital/equity. Traders should learn to be contented! ‘contention is gain..
Success in Forex is determined over the long term period of one month;Bi-monthly,Quarterly or Annually as the case maybe. Hence the need for Stop Loss and Take Profit accordingly prior to placing your trades thus:-
1. Determine at what price you intend to exit your trade should the market move in the direction of your trade;
i) LONG OR BUY TRADE; If you are to go LONG(BUY) and having placed your trade please note the entry price.
ii) ADD the number of the pips you intend to take out of the market to the entry price to determine your take profit(TP)price level.
i) SHORT OR SELL TRADE; If you are to go SHORT(SELL) and having placed your trades please note the entry price.
ii)SUBTRACT The Number of pips that you intend to take out of the market from the entry price to arrive/determine the take profit(TP)price level.
2. Always determine at what price you intend to exit your trade should the market move against your trade;
i)LONG OR BUY TRADE; If you are to go LONG(BUY) and having placed the trade,please note the entry price.
ii)SUBTRACT the number of pips (from the entry price) to arrive/determine the price level in which if the market breaches that level it should close you automatically as this will minimise your loss.
i)SHORT OR SELL TRADE; If you are to go SHORT(SELL) and having placed trade,please note the entry price.
ii)ADD the number of pips (to the entry price) to arrive at a price level in which if the market breaches that price level it should take you out of it automatically.
The use of take profit(TP) and Stop Loss(SL) in Forex trading cannot be over-emphasised. Most newbies or new traders come to grasp of its importance as far as longevity in the business of trading is concerned.
One should not feel that because EUR/USD or any other currency pair moved 70 pips today or more then one should set STOP LOSS or TAKE PROFIT . That is simply a wrong mindset..
Please note that the high drop in prices or high increase in prices do not occur every now and then, so traders must incorporate Stop Loss and Take Profit as part of their trading plan.
For more InstaForex Nigeria Tips on How to make money in Forex. Click here..
Your ability to abide by these four basic rules as contained in this post would help you make money out of the Forex market!
The Forex market is a 5.2 trillion dollar daily market. This is higher and more than trades in all the world’s Stock exchange put together. This is what makes the market tick. Come to think of it; The Banks especially in advanced countries,Investment companies,millionaires,billionaires such as Warren Buffet, George Soros,etc are all in it making lots and lots of money out of it. With the recent BREXIT REFERENDUM many Forex traders made money more than ever before. What are we saying here?
Knowledge!!! According to the WD GANN (the greatest Forex trader of all times)”money spent on gaining knowledge is money in the bank”.At instaforex.com.ng we teach you how to make a business out of it.
1. ABILITY TO OBSERVE SUPPORT AND RESISTANCE ON YOUR CHART.
This is one key factor that enables traders to make money in the Forex market. The best means is the ability to observe it on a bare chart and utilise the Resistance and support areas in making money out of such market as regards your entry and exit point/areas.
At instaforex.com.ng Our experienced trainers and analysts are always ready to take you on a one-on-one basis and show you the technical way forward.
2. THE USE OF INDICATORS
Indicators act as a guide. Ability to abide by its rules is very vital and would help you make money out of the Forex market. Patience is a virtue. Good indicator should be able to give or produce a minimum of 65% actualisation of trade targets. At InstaForex Nigeria we make available to our trainees,indicators with a minimum 75% good trades at no cost(free).
3. RISK/MONEY MANAGEMENT.
Every Forex trading platform has its money/risk management embedded in its VOLUME.The traders ability to understand the use of volume as regards money/risk management relative to his/her broker give you an edge. InstaForex is a micro platform provider,this allows both small and huge investors alike to have access to the Forex market via its trading platform.
4. SEEK A MENTOR
it is said that when you stand on the shoulders of mentors,one could avoid the various pitfalls or mistakes along the road to financial freedom. Mentorship is one of the Edges a trader utilise in making money out of the Forex market; SEEK IT,Go for it,start making money and you would be years and years ahead of your trading peers.
Come join the World’s leading Broker and you would be glad you did. At www.instaforex.com.ng it is nothing more than “Instant Forex Trading”
This post from InstaForex Nigeria is designed to educate traders on how best to avoid pitfalls in Forex trading.
1. INADEQUATE KNOWLEDGE: Trading is knowledge based. Most newbies don’t take time to acquire the required knowledge instead with shallow knowledge acquired from Forex workshop/Seminars they take a plunge only to get their fingers burnt.
2. AFRAID TO TAKE A LOSS: Trading is business and losses are part of a business and should be taken as part of expenses. Please note that getting trades wrong is natural and should be expected. So don’t give up easily; only re-strategise. At InstaForex Nigeria how to minimise losses are adequately taught to our trainees by our award winning Mr Paul Odibeli of InstaForex Nigeria Technical Support Department.
3. OVER TRADING: Most traders particularly newbies tend to trade excessively undermining their equity. This is not advisable at all.
4. EXCESS LEVERAGE: In as much as leverage would enable the trader to make more money, one should remember that it is a two-edge sword which in most cases gets a trader’s account wiped out. In other words, high leverage is of great benefit for one to grow his account.
5. INDISCIPLINE/MONEY MANAGEMENT: Trading is a long term business and should be treated as such. Most traders in a bid to grow their account throw caution to the wind thereby negating all the rules. This happens to most greedy traders/newbies and they get their account wiped out thereby giving up easily.
All these and other mistakes in Forex trading are duly treated/handled and advised to our clients at www.instaforex.com.ng
On December 25, 2016 InstaForex organised a Dance Competition which brought the interest of Good dancers from many parts of Nigeria. The event arranged by InstaForex Company via its Representative Office in Imo State recorded a high number of guests. Thus having over 6,000 persons in attendance.
The event was devoted on informing mostly the youths in Nigeria about Forex and Golding Trading business that would change their lives from 2017.
Grounding the Occasion, lots of upcoming Musical Artist within Nigeria entertained the much crowd in attendance.
Popular Music Artist in Nigeria X-Buster performed Live by making the Up-Show an unforgettable one for the crowd in attendance.
At the Dance SHOW arena lots of InstaForex services/operations was asked by many attending guests and Forex traders, and deep information was giving by InstaForex Representative in Nigeria.
In other to make the InstaForex Dance Competition impartial. The over 6,000 crowd where the judges, rightly deciding which contestant/dancer goes the next stage.
At the end of the highly competed Dance of over 25 contestants Mr.Chibuzor alias “Chiboy” Age 20 was picked by the over 6,000 crowd as the Best Dancer.
The Cash prize of $100 plus an LG LED TV was handed over to Mr Chiboy as the InstaForex 2016 Best Dancer
As means of empowering the Youths in Nigeria, Mr Chibuzor will be freely trained by InstaForex Company in Nigeria on Forex & Gold Trading Business and will also have his Trading Account credited with an additional $70.
In order to be eligible for Instaforex Jaguar F-Type Campaign, it is necessary to fulfil the following conditions.
How To Qualify For The Instaforex Jaguar F-Type?
Step 1: You need to have an InstaForex Account. If you don’t have an InstaForex Account yet, Click here to open a qualifying account now.
Step 2: Make at least 1500 USD deposit to your Instaforex trading account. Click here to fund your Trading account in Naira.
Step 3: Click here to Register for the campaign on the Registration page.
Jaguar F-Type from InstaForex began on October 27, 2014 and comes to an end on October 31, 2016.
The winner of the campaign “Don’t dream it, win it! Jaguar F-Type from InstaForex will be determined randomly with the help of a transparent algorithm using so-called Jaguar-number. So every client in Nigeria has equal chances to win!
“Don’t dream it, win it! Jaguar F-Type from InstaForex” is one of the contests and campaigns held by InstaForex with the total prize pool of over $500,000. If you are InstaForex Nigeria client, you can win a part of this amount, or even become the owner of a super sport car Jaguar F-Type.
Forex Trading has many advantages as compared to uncertainty of the stock market, many stock traders have now moved to the Forex market. Their main question and concerned was why trade the Forex market? The advantages of the Forex market as compared to the stock market are quite numerous.
24 Hour Global Market – The Forex market is truly a 24 Hour Global Market opens from Sunday night to Friday. The Forex market starts each trading day from Sydney, Tokyo, London, and finally to New York. Regardless of whether it is in the day or night, there are always market participants actively trading the Forex market. Forex traders can respond very quickly to any currency fluctuations or breaking news immediately unlike the stock and future market.
Trading has a unique feature called “Demo Account. This Demo Account allows a newbie or trader to trade using real-time price on the broker’s trading platform with the exact interface and function as a real account. With this demo account which is offered free by InstaForex Nigeria, Forex trader would gain real market experience in trading without risking any capital.
High Leverage of 1:000 leverage is available by by InstaForex as compared to so many online Forex brokers whose highest leverage is 1:200. This substantially exceeds the common 2:1 margin offered by equity brokers, and 15:1 in the futures market. Some brokers even offer higher leverage of 100:1.
it is important to note that while this type of leverage allows investors/traders to maximise their profit potential, the potential for loss is equally great but proper money management with high leverage can also lead one to big gains as well as losses.
Most brokers will allow you to start trading in mini accounts with as little as 300 dollars but InstaForex is of a micro account which allows you to start trading with as low 5 dollars.
Advantages of Trading with InstaForex in Nigeria;
1}HIGH QUALITY TECHNICAL AND CONSULTANCY SUPPORT
-Our instaforex professionals are always handy to render advises as well as to offer support to various clients
challenges,as well as technical assistance wherever and whenever sort for.
2}FOREX CALENDER ,SMS NEWS NOTIFICATIONS
-Our clients are informed/put on notice as regards high volatility news prior to the time of the release.
3}TRADING LEVERAGE FROM 1:1 to 1:1000
-At InstaForex our leverage is such that allows the trader to continue trading even when his equity has gone down,
thereby enabling the trader to grow his account and profit from the market.
4 }Cent account are available for clients who wish to start trading small.
5}INSTANT TRADING ACCOUNT FUNDING
-Funding as far as InstaForex is concern, client account funding is been processed in minutes.
6}MINIMUM DEPOSIT OF $5
-At InstaForex Nigeria, $5 is our minimum deposit, this goes to accommodates smaller investors in the forex market.
7}ACCESS TO SWAP-FREE ACCOUNTS/ISLAMIC ACCOUNTS
–InstaForex as a Broker offers 100% Swap free accounts to its clients.
In other words, secrets on how to make constant profit from the Forex market are revealed today;
In this article some rules on best Forex trading strategies are as follows;
1. Don’t risk more than 8% of your account balance on any one trade. That way if you have a streak of bad luck you will not wipe out your account.
2. If you have a string of six loses in a row, stop trading real money and go back to demo trading until you have demonstrated success for at least a week.
3. Employ strict trading rules that you stick to and do not trade wildly.
There is unlimited earning potential when you participate in our Forex Education program.
Join the ForexCopy System and start making money without trading on your own!
The ForexCopy system by InstaForex is an innovative service that enables a client to copy the trades of successful Forex traders and copying their trades online on a set ratio.
The ForexCopy system represents a new wave of high-grade financial services. The system does not require investments in share holding projects and provides instant execution of copied orders, subscription to selected currency pairs and other financial instruments, and enables adjusting a ratio of copying.
InstaForex Nigeria ForexCopy system is designed to enable copying orders of successful and professional Traders registered in ForexCopy. Statistics on a trading process and chosen strategy is available on the ForexCopy monitoring page.
To allow copying trades, professional Traders should once adjust terms of copying and then proceed with habitual trading. A Trader may choose various options, such as a commission per deal, a commission per 0.01 lots and a profit share to be paid by his Followers.
However, a Trader will receive a commission only in case: a deal yields profit to his Follower; this profit covers a commission to be paid by the Follower to the Trader.
A Trader may choose a daily subscription. In this case Followers will pay a fixed commission per day if the Trader has opened at least one position during the subscription period. The ForexCopy system does not limit Traders in adjustment of their copying terms. Depending on a strategy and preferences, a Trader may choose all terms or only one.
InstaForex ForexCopy clients in Nigeria may use the monitoring list to choose the best Traders and subscribe to copy their trades. The ForexCopy system provides a Follower with an opportunity to adjust subscription parameters for every Trader separately. Subscription parameters include a ratio of copying, currency pairs and other financial instruments, and a limit on a number of trades copied per day. A Follower may set all these parameters individually for every Trader.
There are no limits on a Trader’s or Follower’s account balance. If a Follower’s account is under deposited to copy and open a trade, the trade simply will not be opened on the Follower’s account. There are no limits on a number of Traders to follow, and copying orders between two Traders is allowed.
Any InstaForex customer may register in the ForexCopy system and start copying orders of successful Traders. Registration in the system is free of charge.
Every user of the ForexCopy system may follow profitable trading strategies by selecting Traders in the public monitoring list and copying their successful trades.
Link to Successful ForexCopy Trader Click Here..
Link to Forex Copy Monitoring https://www.instaforex.com/forex_monitoring.php?trader=2817288#/
Link to ForexCopy System https://www.instaforex.com/forexcopy_system.php
BEST TRADING CONDITIONS FOR INSTAFOREX NIGERIA
107 currency instruments
Access to 88 CFDs on US stocks
Access to trading on gold and silver
Access to CFDs on futures
Options trading: intraday and expiry binary options
High-quality technical and consultancy support
Forex Calendar SMS news notification
Instant automated processing of all deals
Trading leverage from 1:1 to 1:1,000
Unlimited deposit amount
Cent accounts available
Instant trading account Funding
Minimum deposit of $5
Access to swap-free accounts
Start your trading way right now with InstaForex Nigeria!