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InstaForex Nigeria Profitable Forex Trading Strategies (Part 3)
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!
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InstaForex Nigeria – Advantages of Trading with InstaForex
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
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How to Access InstaForex Nigeria 100% Free Technical Support
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
FREE E-BOOK:
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.
FREE SIGNAL:
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.
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Copy the trades of successful Traders
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!
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Forex Trading in simplest terms
FOREX or The Foreign exchange market is an international market where various currency exchange transactions take place; this is in the shape of simultaneously buying one currency and selling another. The most commonly traded currencies are referred to as “Majors”; as over 85% of daily transactions on Forex trading involve the Majors. These currencies are the US Currency (Dollar, USD), British Pound (GBP),Japanese Yen (JPY), Euro (EUR), Swiss Franc (CHF), Canadian Dollar (CAD) and Australian Dollar (AUD).
Forex trading in the simplest terms is the buying of one currency and the selling of another. Forex trading, also referred to, as “FX” is open to private individuals, corporations, small businesses, commercial banks and investment funds. it is the largest financial market in the world having a daily turnover of over $4 trillion dollars.
Market Hours
Forex is a 24-hour market which enables it to accommodate constant changes in the world currency exchange rates . According to New York time, trading begins at 2.15pm on Sunday in Sydney and Singapore and progresses through to Tokyo at 7pm, London at 2am and reaches New York at 8am.
The Forex market is unique to any other market in the world; trading 24-hours a day. Somewhere around the world a financial center is open for business and banks and other institutions exchange currencies every hour of the day and night, only stopping briefly on the weekend. Foreign exchange markets follow the sun around the world, giving traders the flexibility of determining their trading day and the ability to take advantage of global economic events.
Spread
The spread is the difference between the price that you can sell currency at ( Bid) and the price you can buy currency at ( Ask). The spread on majors is usually 3 pips under normal market conditions eg; EURO/USD
Forex Account Opening
Opening a live trading account or Forex Account through a broker enables private individuals, corporations, small businesses, commercial banks or an investment funds Manager to have full access to the Forex Market which InstaForex does. InstaForex trading conditions has been rated among the best in the world as it enables traders to have access to 107 currency instruments,88 CFDs on US stocks, gold, silver and CFDs on futures.
InstaForex broker account opening is absolutely free – Click here to Open Trading Account
InstaForex Nigeria minimum account deposit is $1 – Click here to fund your account in Naira
InstaForex Broker also offers the following which makes it the best in the world;
High-quality technical and consultancy support
Forex Calendar SMS news notification for clients in Nigeria
Instant automated processing of all deals
Trading leverage from 1:1 to 1:1,000
Unlimited deposit amount
Cent accounts available
Instant account Funding
Access to swap-free accounts
Visit our Website on www.instaforex.com.ng for more enquiries or call 0813 345 0038
