The market presents to us a change in trend upon the inability to break the 105.540 Support and setting Higher-high afterwards. A further break of 114.280 Resistancealsodepicts the bulls are currently in control.
But how do we participate? As a fact, when a market breaks a new high it retraces within the minimum of 38.2 Fibonacci. On that note, within the range of 112.776 – 113.500 the market is expected resume uptrend.
Buy Limit | Po: 113.248 | SL: 111.085 | TP1: 116.777 | TP2: 121.160
It has been an evident downpour on the weekly chart since 2019. While we currently face a retest of the resistance around 1.08500 we also have a presence of a descending pennant and Fibonacci cluster of 0.3821 and 0.618.
Sell Limit | Po: 1.08500 | SL: 1.10400 | TP1: 106500 | TP2: 1.05000
A quick follow. We discussed on the impending downpour on this pair and with the evening star formation resting on the trendline, we are most likely to have that sooner. Just a stimulus required form the “Big Banks”.
Need help on instant account funding in Naira Click here..
Just like the weekly time frame, the market remains up trend. With a pure structure trading, we stand a chance to buy the deep if market retraces to the support region around 1.11853 level.
Buy Limit | Po: 1.11853 | SL: 1.05015 | TP1: 1.18225 | TP2: 1.23364
The bears have the upper hand on the overall. The downward trendline has been tested thrice and has held thus far giving us an opportunity to go short. The SL would be above the previous structure high, specifically around 1.46300 zone and TP1 at the base of the triangle around 1.21655. Happy Trading.
On the contrary, this sis rather an uptrend. A retest of the support @ 1.30600 would be an Ideal entry go long with stop Loss valued @ 1.2670. A break of the upward trendline would ultimately invalidate this setup.
Buy Limit | Po: 30600 | SL: 1.26700 | TP1: 1.36650 | TP2: 1.43595
We envisage a push down south on this one as the market lingers around a major resistance.
Sell | Po: 0.66447 | SL: 0.71400 | TP1: 0.62520 | TP2: 0.56880 | TP3: 0.51820
For more on InstaForex Nigeria Forex News Calendar and analysis please Click here..
The Bulls have the momentum as the market continues to advance north for the past 4 weeks. While the move is expected halt at least momentarily around 1.1574, we can hop in upon retest of 1.1400 with SL below 1.3050
Buy Limit | Po: 1.1400 | SL: 1. 1210 | TP1: 1.1574 | TP2: 1.1733
The overall weekly Support Line at 1.2000 was broken on 16th March 2020 which provides a sentiment that the bears have the upper hand. However we shouldn’t be myopic of triangle pattern slowly taking shape. As much I still favor a short position, we still have to let the market decide
We’re currently a witnessing change in trend on this pair. The market has clearly broken of the trendline and further affirmed its desire by retesting and still heading long. A caution is expected here as the Bull don’t have the supremacy yet.
Buy Stop | Po: 124.775 | SL: 118.400 | TP1: 129.100 | TP2: 133.800
As much as I don’t trade weekly timeframe, this is one interesting chart I’ve got on my radar. The move originated from 0.8390 around 16/03/20 with TP1&2 slated for 0.8816 and 0.9292. Usually after this harmonic completion the market surfers hangover…much like exhaustion. It goes nowhere until a stimulant (usually The Big Banks) brings it back to life. However in the case of this pair, it keeps advancing towards 0.9622 Resistance which is rather fascinating.
Either of these limits will be triggered and often, that’s the direction of the trend.
Similar setup exist on AUDJPY
While we continue envisage the move into the 1.14000 – 1.1500 Zone, the pair has shown its desire to play accordingly by closing the week just higher than the previous.
Maybe not significant but a presence of a bull Pennant further establishes that the 1.500 Zone resistance is our next hit.
In Brief, we discussed about this last week. As much the 1.1950 support remains violated the long term overview of the trend remains bearish. However, it’s suicidal to go down south now, especially when the buyers refuse to give up. We’ll wait to see as this turns out.
Kindly permit me to go unorthodox on this one. The chart below is USDCHF Daily as against Weekly. I’ve got a pending order on this and thought of sharing. The market is downtrend…that’s fantastic! However, it just doesn’t roll down like a stone.
Ona s short term, I’ve got a Support zone, just around 0.9300 way back in 2018, with a confluence of Bat and Crab Pattern completion which makes this an interesting one.
Buy Limit | Po: 9292 | SL: 0. 9140 | TP1: 0.9415 | TP2: 0.9530
A descending trendline in conjunction with head and shoulder pattern further reiterates the most probable scenario on the pair. If the price fails to break off the Right Shoulder resistance resting on the trendline on 1.1500 Zone, then 1.0570 Support remain key support.
Sell Limit | Po: 1.500 | SL: 1. 2100 | TP1: 1.0570 | TP2: 0.9718
Synonymous to its counterpart – EURUSD, the pair is also leaning towards the SouthEast part of the chart. The Bears are not done yet here and a break below the 1.2000 Support could further sink the price towards 1.1460.
A Sell on retest of the trendline with 1.2000 and 1.1460 as targets is advised. SL should be above the 1.3850 area.
The pair just completed a deep crab pattern formation which started from 2011 hence, the consolidation. Targets were locked on 0.8895 and 0.9945 and 0.7953 as the Entry.
As much as it appears the Resistance on 0.9945 has been violated, a caution is still advised on this pair
A close below the support 0.6130 establishes that the pair is in a downtrend. We await the test of the resistance at 0.6678 for an opportunity to ride down south.
Sell Limit | Po: 0.6678 | SL: 0.7125 | TP1: 0.6130 | TP2: 0.5750
Way up north on the monthly chart. A counter trend strategy can be deployed on this while bulls are away. A key resistance @ 2160.08 will be very key here.
Sell Limit | Po: 2160.08 | SL: 2461.87 | TP1: 1821.16 | TP2: 1585.85
The pair is currently downtrend on the overall with a retest of 1.400 resistant within sight.
Sell Limit | Po: 1.400 | SL: 1. 950 | TP1: 1.0600 | TP2: 0.9635
The bears are currently in charge of a descending triangle channel which is evidently broken around 1.1500 zone – an indication that the downtrend is imminent. A mini resistance at 1.2610 further establish the downpour has already began. However, we can still participate in two ways.
First instance would be to wait for a (not so likely) pullback into 1.2500 zone, just to minimize (risk) which is above 1.3650.
The alternative approach would be to place a Sell Stop below 1.1800 as indicated below
Sell Limit | Po: 1.2540 | SL: 1. 3650 | TP1: 1.0849 | TP2: 1.9840
Sell Stop | Po: 1.1880 | SL: 1. 2890 | TP1: 1.0849 | TP2: 1.9840
A rather choppy market trading in a bear pennant. Until the market decides, the swing can go either way.
Got my eyes on this one for a while. The bulls are holding it up quite well. The market has currently retraced upon the violation of 1.3590 and its currently sitting on it as a support. A rather uptrend on the overall.
Buy Limit | Po: 1.3590 | SL: 1.2860 | TP1: 1.4360 | TP2: 1.4850
Pure price patterns at play here. When a low is broken, the market retraces. The downtrend is expected anytime soon.Sell Limit | Po: 0.7130 | SL: 0.7734 | TP1: 0.6478 | TP2: 0.6023
Gold is currently surging up north blasting through resistances. However, placing a limit order is not a bad idea. An opportunity to step in when the bulls are all gone. It appears a long term but I’d rather wait than force a trade.
Sell Limit | Po: 2153.50 | SL: 2520.00 | TP1: 1817.90 | TP2: 1585.00
Profits made over the bonuses provided by InstaForex Nigeria to its numerous clients can be withdrawn at anytime without restrictions.
InstaForex broker being a dominant broker within Europe,Asia,developing countries and the world at large incorporated various trading bonuses to enhance trading equity/capital to add and boost their confidence, as well as profitability. Amongst such bonuses are (1)30% bonus (2)55% Bonus (3)70% Educational Bonus (4)$500 No deposit Bonus (5)$50 Monthly Cash Back.
This is also known as ‘welcome bonus’,if requested by the trader and it’s made available to him/her on every deposit into his/her trading account upon filling out the application form. This means that the number of accounts to which the trader could apply/request this bonus is not limited. This is credited to every deposit irrespective of how much the trader has lost or earned on previous tradings or accounts. it also helps the trader in increasing the amount of any deals.
HOW TO CLAIM OR APPLY FOR INSTAFOREX 30% BONUS;
Call our customer care line – 08133450038 to guide you on how to open a Live trading account or visit our website (www.instaforex.com.ng) This is done within minutes and the details will be forwarded to your phone and emails address provided.
2) Activate your live trading account by funding it accordingly. This is done by filling out the deposit form online (https://instaforex.com.ng/deposit-funds/). Thereafter the funding of your account is executed/effected within minutes on confirmation.
3)As soon as your account is funded,go to our website www.instaforex.com.ng and
i. locate’claim your 30% bonus’ & click (INSTANT 30% BONUS)
ii.. This takes you to the’safety & security in InstaForex financial world’s page
iii. locate 30% Bonus Agreement and click on ‘Accept terms of agreement’ and this opens up the ‘authorisation’ page.
iv)Enter your trading account number,trader password and click on ‘login’ then the 30% welcome bonus will be credited to your trading account automatically.
This is also one of the incentives from InstaForex to its numerous clients, if requested for on every deposit made into the account of each trader,it is credited to every deposit irrespective of how much the trader has earned or lost previously on the other accounts. It also helps the client in enhancing or increasing the amount of any deal.
The profit earned or realised over the bonus amount could be withdrawn at anytime without restrictions. Meanwhile this bonus is not applicable to any account already credited with any other type of bonus. Note that the maximum leverage allowed is 1:200 and verification is not required.
HOW TO CLAIM OR APPLY FOR INSTAFOREX 55% BONUS;
1. Call our customer care line – 08133450038 to guide you on how to open a Live trading account or visit our website www.instaforex.com.ng. This is done within minutes and the details will be forwarded to your phone and emails address provided.
2. Activate your live trading account by funding it accordingly. This is done by filling out the deposit form online (https://instaforex.com.ng/deposit-funds/). Thereafter the funding of your account is executed/effected within minutes on confirmation.
3. As soon as your account is funded, go to our website homepage www.instaforex.com.ng to claim your bonus thus:-
i) locate ‘Get 55% Bonus’ and click on ‘claim Bonus’ or Click here..
ii) This takes you to the ‘safety & Security in InstaForex financial world’ page.
iii) locate 55% bonus agreement and click on’Accept Terms of agreement’and this opens up authorisation’ page.
iv) Enter your trading account number and trader password and click on’login’ and the 55% Bonus will be credited to your trading account automatically.
$70 EDUCATIONAL BONUS
This is available to our Forex trainees either during their training or on completion of their training.They are expected to open a trading account with www.instaforex.com.ng with not less than $70 in order to be eligible to this Bonus. Trained students are expected to fill out special form which would be forwarded to [email protected]. On consideration of the request and confirmation of the deposit the trainees InstaForex trading account is credited with $70 within a maximum period of 24hrs. This would help the trainees in increasing the amount of any deal, as well as boost his equity/confidence in effecting his trades and confidence in embarking on his Forex journey. Link to $70 Educational Bonus.. https://instaforex.com.ng/promotions/free-70-dollar-after-training/
$500 NO DEPOSIT BONUS:
This $500 no deposit bonus of InstaForex is to give or allow access of would be traders(prospective traders)and traders alike to the most liquid financial market in the world. it is with the view of providing stable income to many traders the world over. It also allows traders to experience the high quality of order execution of real life trading condition with no risk and personal investment.
HOW TO CLAIM;
$500 no deposit bonus could be made available to newbies or existing clients as follow. For more on Instaforex $500 No deposit Bonus click here. .
$50 MONTHLY CASH BACK
This is one of the promotions of Instaforex Nigeria which is open to both Nigerian and non-Nigerian clients alike.
InstaForex Nigeria offers a cashback award/reward of $50 to traders account that has traded a minimum of 100 lots sizes in a calendar month.
CONDITIONS FOR PARTICIPATION;
1. To be eligible for this contest your account must be opened through our official website in Nigeria at www.instaforex.com.ng or call customer care line +234 813 345 0038 to open a live account for you now.
2. Trade a minimum of 100 lots in a month and automatically qualify to receive the Cash back award from Instaforex Nigeria.
3. Cent accounts will have to trade 10,000 lots to qualify.
HOW TO CLAIM;
At the end of every 30 days clients who had traded up to 100 lots are expected to forward their Instaforex trading account number to [email protected] Thereafter $50 will be credited to their respective accounts.
Link to $50 Monthly Cash Back https://instaforex.com.ng/promotions/50-dollar-monthly-cash-back/
Instaforex Nigeria Office(www.instaforex.com.ng) is a unique Representative of InstaForex Broker, providing various services to meet the needs of its numerous clients within the country.
FREE DEMO ACCOUNT: You can open a fully functional demo account using professional MetaTrader 4 platform which is rightly considered to be the most popular solution in Forex trading sphere. InstaForex MetaTrader 4 offers its services on 107 currency instruments, 34 U.S. stocks CFDs, futures CFDs, trades on gold and silver, and many others. Click on the following link to open demo account directly in MetaTrade 4.
This is also known as ‘welcome bonus’ if requested by the trader, it is made available to every deposit into the trader’s account on filling the application form. This means that the number of account to which the trader could request this bonus is not limited. This is credited to every deposit irrespective of how much the trader has lost or earned on previous trading account. it also helps the trader in increasing the amount of any deal/trade.
This bonus is not applicable/awarded to any account already credited with another type of bonus. Maximum leverage allowed for this bonus is 1:1000 and verification is not required if the account is opened www.instaforex.com.ng
This is also one of the incentives from InstaForex to its numerous clients if applied for on every deposit made into the accounts of the trader on filling of the application form. The number of accounts to which the trader could request for this bonus is not limited, it is also credited to every deposit irrespective of how much the trader or client has earned or lost previously in other accounts. It also helps the trader or client in enhancing the amount of any deal/trade.
Meanwhile the bonus is not applicable to any account already credited with any other type of bonus. Maximum leverage allowed for this bonus is 1:200 and verification is not required if account is opened through www.instaforex.com.ng
$50 MONTHLY CASH BACK:
InstaForex Nigeria offers a Cash Back award of $50 to each trader account that has traded a minimum of 100 lots in a calendar month. Cent accounts will have to trade 10,000 lots to qualify. At the end of every 30 days, clients who has traded up to 100 Lots are expected to forward their InstaForex Trading account number to [email protected] and they will be credited with their winning of $50 each. Read more..
70% EDUCATIONAL BONUS:
This is available to our trainees either during their training or on completion of their training. They are expected to open a trading account with instaforex.com.ng with not less than $70 in order to be eligible or entitled to this bonus. Trained clients are expected to fill out a special form which would be forwarded to [email protected] On consideration of the request and confirmation of the deposit, the trained client’s Instaforex account is credited with $70 within a maximum period of 24hours. This would boost not only the account but would also help the trader in increasing the amount of any deal/trades as well as embarking on his Forex trading journey.
INSTANT ACCOUNT FUNDING & WITHDRAWAL:
At instaforex.com.ng our funding rates and withdrawal rates are vividly displayed on our website. Clients are expected to fill out the funding and withdrawal forms online accordingly then make deposits via either p.o.s in our office or through designated banks, Account Funding are executed within 15minutes. As regards withdrawals,go to our website www.instaforex.com.ng and fill out the withdrawal form accordingly. Clients are hereby advised that prior to the filling out the withdrawal form online, ensure that there are no much floating trades. As soon as the withdrawal amount is deducted from your account your local account is credited within 5hrs.
At InstaForex Nigeria Office Forex training is on a daily basis,Forex is business and should be treated as such. Any business worth its salt requires knowledge of it. The essence of training is to acquire knowledge. At our office training takes place from the scratch to the advanced knowledge necessary to ensure profitability now and in the long run. Any person wishing to embark on a Forex journey must be prepared to engage or register for Forex training as these experienced traders or mentors would only reveal their strategies to registered members only.
Therefore any “serious minded person should not dabble into Forex without first and foremost undergoing training”. It is said that half education is dangerous and since every business has some elements of risks associated with it (Forex is no exception), the need for training and re-training cannot be over emphasised.
Our training are tailored to meet the schedules of our numerous clients amongst whom are (i)Company executives (ii)Bankers & Accountants (iii)Legal practitioners (iv)Medical doctors,Engineers and others.
PRIVATE TRAINING FOR COMPANY EXECUTIVES,BANKERS,LEGAL PRACTITIONERS,POLITICIANS & OTHER PROFESSIONALS ETC:
This is one of the unique services in which instaforex.com.ng stands out and ranks first amongst equals in this regards. Are you interested in Forex trading? Are your tight schedules seen as a hindrance? Worry no more. Call us on 0813 345 0038 or sms FOREX EDUCATION to 0903 358 8803
Forex trading is a skill set,anybody who is determined and have passion for it could acquire the right knowledge which are being imparted on our numerous clients by our experienced and dedication professionals.
Manual trading system is bound to make you profit or rather more profitable in the long run as against automated system which is less profitable in the long run..
Manual trading is a trading system that involves human decision making for entering/placing and exiting trades. Manual trading involves a trader physically placing trades inside his trading platform by choosing the currency pairs and other assets and clicking ” buy or sell” on his own keyboard. It also involves doing or carrying out your own research,learning how to navigate your trading platform and taking total responsibility for your own trades.
Do you really want to know how to trade? Do you want to earn passive income as a trader? Are you really interested in trading? Do you want to earn consistent income as a trader? Do you intend to take Forex trading as a career? Then go for manual trading, go for training or look for wherever Forex training is being conducted, notably at InstaForex Nigeria,training goes on throughout the year from Jan-Dec
1. MANUAL TRADING:
The human trader Otherwise known as manual trader has one thing to his/her advantage which the EA/robot doesn’t have and that is BRAIN. While a robot can only execute decisions based on scenarios that are programmed into it, a human or manual trader on the other hand can take into consideration everything that is going on around him and process it together and come up with a better decision. Example:- A human or manual trader can take into account Fundamental events/news that are about to occur or are occurring unexpectedly like the hurricane/Tsunami and other catastrophic natural events in Japan ,USA and other major parts of the world that affect the markets
2. DULL,RANGING/CONSOLIDATING AND VERY ERRATIC MARKETS:
A manual trader can be very objective in his decision process unlike the robots. When the market becomes dull or ranging the manual trader could decide to either pull out of the trade or stay out completely. A manual/human trader can decide when he has enough profit and stay out of the market for a while. He could also watch and get into the markets whenever he thinks that the momentum would continue in his favour. A Manual trader can get a feel of the market and get in when the market situation is right or “in the zone” Since manual trading or human beings do not make decisions based on fixed rules or collection of logic, it is less susceptible to large unpredictable macro-economic events or shifts in economic climates.
3. EXPERIENCE AND KNOWLEDGE:
Experience and Knowledgeable traders could many times out-perform/out-live any automated system, simply because buyers and sellers are humans. Therefore supply and demand are influenced by human variables/behavioural patterns which many computers cannot analyse or produce. Experienced and knowledgeable traders can out-perform any system(automated) even those which trades exactly like them. This is as a result of the facts that they may decide to stay out of some trades or take their profits as the case maybe. Some days the manual trader can’t make a wrong decision at all, whereas an automated system would only take trades that it is designed for.
4. FOCUS ON QUALITY NOT QUANTITY:
The quality of your trades are enhanced with manual trading unlike auto-trading which over trades the market. Over trading is one of the reasons most traders fail to make money. Little wonder, EA/robots fizzles out over time or in the long run. Manual trading would enable the trader to focus more on quality of trades rather than quantity.
FINAL VERDICT OR CONCLUSION:
Whatever might be the advantages of the automated trading system even where it is difficult in setting up a manual system of Forex trading, its advantages far outweighs that of the automated trading system. The use of the manual trading system is bound to make you profit or rather more profitable in the long run as against automated system which is less profitable in the long run. An experienced manual trader can realise when the market conditions have changed even without a major event occurring. The manual trader can easily adjust his approach when the markets slows down.
For information on Forex Automated System CLICK HERE..
A very good Automated system(EA) guarantees huge profits thereby minimising traders time of countless hours in front of the computer trading..
Are you a Medical Doctor,Banker,Lawyer,Clergy man,University Lecturer or Professional in different fields interested in Forex trading but lacks the time & patience required in making trading analysis decisions and execution of trade? Worry no more,for the solution lies in Forex automated trading system otherwise known as Robots,expert advisors or black-box trading system.
Auto-trading enables the trader to trade without fear & devoid of emotions,tirelessly day and night without greed or fear of failure.
Forex Robots are employed everyday as a method of generating millions of dollars from the foreign exchange market without the need to invest anytime in manual Forex trading or market evaluation and analysis. Automated trading can certainly be very lucrative as claimed by most individuals. Go for it and supercharge your Forex exchange accounts and earnings up to 100%,200% and up to 1000% or even more.
Forex Robots finds trading signals according to the trading strategies coded into it and will execute the trading signals automatically. In other words, Forex robots are automated trading systems that enter and exit trade on behalf of the trader it could give the trader 100%,200% and even up to 1000% profit of his account within a short period of time.
Having the Robot to monitor the market for trading opportunities and execute the trades gives the trader a lot of advantages as follows:
1.EARN MONEY WHILE SLEEPING: This is one of the benefits of utilising expert advisors(Robots)because you do not need to be personally present or repeatedly engage yourself in Forex analysis and decision to trade and produce income within the Forex market. You can trade 24hrs a day even while asleep. A lot of computer programs allow you to trade on their private servers, which means that you do not need to have your laptop or computer on.
2.CUTTING OUT EMOTIONS: Automated trading system is able to solve one of the biggest traders issues e.g- psychological weak points,thereby minimising emotion throughout the trading process. By Keeping emotions in check most traders would have little or no difficulty in sticking to their trading plan since orders or trades are executed instantly once the trading conditions are met,this takes the stress of trading or analysis out of the equation. It also helps traders who are afraid to “pull the trigger” as well as curb over-trading by traders who places buy and sell orders at every perceived opportunity.
3. IT ACHIEVES CONSISTENCY: One of the biggest challenges in trading is to “plan the trade and trade the plan”. Even or where a trading plan has the potential to be profitable, traders who ignore the rules are altering the expectancy the system would have had. In Manual trading adhering to the rules allows the traders to achieve consistency by the trading plan. With the trading rules designed and coded into the robots, It’s consistency all the way and strict adherence to the rules.
4. IMPROVES ORDER ENTRY SPEED: Since computer programs respond immediately to changing market conditions,automated systems(Robots) are able to generate orders as soon as the trade criteria are met. As soon as a position is entered all other orders are generated automatically including protective stops loss and profit targets(take profit). Market can move quickly and could be demoralising for markets to have a trade reach the profit targets or beyond the stop-loss levels before an order could be entered. An automated system(Robot) prevents these from happening.
5.DIVERSIFIES TRADING: Automated trading(Robot) allows the trader,the opportunities of trading multiple accounts or various strategies at a time.This creates the potential to spread risks over various instruments while creating a hedge against losing positions.
If properly installed a very good Automated system(EA) guarantees huge profits thereby minimising traders time of countless hours in front of the computer trading.
Our Professionals at InstaForex Nigeria are available to offer FREE support on installation and activation of any type of EA(Robot)
Sms “HELP” or dial +234 903 358 8803 for a FREE support