RoboForex.com

RoboForex Contest

RoboForex Representative
Messages
22
Dear traders!

This week, RoboForex's project called ContestFx is waiting for you in these following competitions:

The 114th competition of "Demo Forex" is approaching the finish line.
The 278th competition of "Week with CFD" has just kicked off today.
411th competition of "Trade Day" will start on 30.09.2020 at 12:00.
328th competition of "KingSize MT5" will start on 01.10.2020 at 20:00.

To take part in our demo contests, you have to go through a simple registration procedure only once. Using the prize money won in our contests, you can trade on the forex market and make a profit without investing your own resources as the starting money.

Good luck to all traders!

Sincerely,
RoboForex Contest
 

Vlad RF

RoboForex Representative
Messages
130
How to Trade Cryptocurrencies: a Guide for Beginners

Author: Victor Gryazin



Dear Traders,

In this overview, we will discuss the main issues of trading cryptocurrencies. A cryptocurrency is a digital (virtual) financial asset. Operations with such assets remain safe thanks to various methods of cryptography. Cryptocurrencies are still a rather new but already popular financial instrument.



How to trade cryptocurrencies via a broker?

All the main cryptocurrencies are traded in crypto exchanges, which are modern platforms for buying/selling cryptocurrencies. You can register in a crypto exchange directly and carry out operations with various cryptocurrencies. However, if you plan to use one account for trading cryptocurrencies and other financial instruments (currency pairs, stock indices, oil, gold, etc), you will need to open an account in a broker company.

Apart from the opportunity to trade various assets on one account, a broker provides access to different trading platforms. A modern trading terminal allows using advanced methods of tech analysis, setting up necessary indicators and expert advisors, and controlling risks.

To start trading cryptocurrencies via a broker, you only need to open an account in a broker company with the conditions suitable to you.

How to open an account for trading cryptocurrencies at a broker?

First, register your Personal Member’s Area in a broker company (provide your e-mail and create a password) and get your personal information verified. As a rule, verification requires a scan of a document or two that confirm your identity and dwelling address. The procedure does not take long, normally up to two days.

Then study the types of trading accounts on the company’s website very carefully. The trading conditions of different account types may differ significantly. So, you need to choose an account with the conditions optimal for you and a trading platform. When this is done, open your PMA and deposit the account (there are plenty of ways to do it). Install a trading terminal – and get started.



The conditions of trading cryptocurrencies

The conditions may vary depending on the broker company. Let us have a look at the conditions in RoboForex:
  • Minimal deposit – 10$.
  • CFDs for 26 (the number depends on your account type) popular cryptocurrencies available.
  • 24/7 trading Several trading platforms: MT4, MT5, WebTrader, R Trader.
  • Leverage up to 1:50 Execution type: Market.
  • Execution Floating spread and a fixed commission fee for certain trading volume (on certain accounts).
Read more at R Blog - RoboForex

Sincerely,
RoboForex team
 

Vlad RF

RoboForex Representative
Messages
130
RoboForex is giving away $1,000,000 among its clients and partners



Dear Clients and Partners,

In order to celebrate its 10-year anniversary, RoboForex is starting a global giveaway with a total prize pool of $1,000,000. The promotion starts on October 1st, 2020.

More than 200 prizes worth $1,000,000

will be given away over 8 months
  • 30 winners each month
    The prize pool for each monthly giveaway is $100,000.

  • Increase your chances to win
    Receive up to 3 coupons per month! All coupons that didn’t take part earlier will participate in a Grand Prix.

  • Win up to $20,000 from October to April
    Withdraw your prize from the account right after receiving it or use this money in trading.

  • Grand Prix for $300,000
    In May 2021, all coupons that didn’t take part in the previous 7 months will participate in a giveaway of 30 prizes.

How to participate?

Trade on Prime accounts, earn together with the company as a partner, or become a CopyFX trader – the choice is yours!

Also, you can fulfill the conditions for three different categories and improve your chances to win.



1. Traders with Prime accounts

Trade with the best conditions: spreads from 0 points, commission from 10 USD for 1 million USD of trading volume, leverage up to 1:300.

Conditions for receiving a Coupon:
  • Deposit at least 300 USD to your account.
  • Perform at least 3 lots* of trading operations per month.

    * - Only the positions in Currencies and Metals opened in the current month are taken into account.
Open Prime account


2. Partners

Attract clients to the company and receive up to 60% of our revenue.

Conditions for receiving a Coupon:
  • Partner commission at month-end is at least 300 USD.
Become Partner


3. CopyFX Traders

Earn on your CopyFX strategies and maximize your chances to win a prize.

Conditions for receiving a Coupon:
  • Making the Top-30 of the best CopyFX Traders on Prime accounts in the current month.
Open Prime account in CopyFX


Join the promotion right now and take part in as many giveaways as possible and increase your chances to win. Good luck!



More about the promotion >

Sincerely,
RoboForex team
 

RoboForex Contest

RoboForex Representative
Messages
22
Dear Traders!

This week, the ContestFX project will offer you the following competitions on demo accounts:

Both the 115th competition of "Demo Forex" and the 279th competition of "Week with CFD" have just started.
The 412th competition of "Trade Day" will start on 07.10.2020 at 12:00.
The 329th competition of "KingSize MT5" will start on 08.10.2020 at 20:00.

Let us remind you that we award prizes to the winners of our demo account contests, which are transferred to their real accounts and can be used to start proper trading on the Forex market without investing their own money as the required initial deposit.

Good luck!

Sincerely,
RoboForex Contest
 

Vlad RF

RoboForex Representative
Messages
130
RoboForex: changes in trading schedule (Columbus Day in the USA)



Dear Clients and Partners,

We’re informing you that due to the Columbus 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)
  • October 12th, 2020 - trading stops at 7:45 PM server time.
  • October 13th, 2020 - trading starts as usual.
Trading schedule on CFDs on US indices (US30Cash, US500Cash, USTECHCash)
  • October 12th, 2020 - trading stops at 7:45 PM server time.
  • October 13th, 2020 - trading starts as usual.
Trading schedule on CFDs on US stocks
  • October 12th, 2020 – no trading.
  • October 13th, 2020 - trading starts as usual.

R Trader platform

Trading schedule on US stocks and ETFs
  • October 12th, 2020 – no trading.
  • October 13th, 2020 - trading starts as usual.
Trading schedule on CFDs on US stocks and ETFs
  • October 12th, 2020 – no trading.
  • October 13th, 2020 - trading starts as usual.
Trading schedule on CFDs on US indices (US500, US30, NAS100)
  • October 12th, 2020 – no trading.
  • October 13th, 2020 - trading starts as usual.
Trading schedule on Metals (XAUUSD, XAGUSD) and CFDs on Crude Oil (BRENT.oil, WTI.oil)
  • October 12th, 2020 - trading stops at 7:45 PM server time.
  • October 13th, 2020 - trading starts as usual.

cTrader platform

Trading schedule on Metals (XAUUSD, XAGUSD)
  • October 12th, 2020 - trading stops at 7:45 PM server time.
  • October 13th, 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.

Sincerely,
RoboForex team
 

Vlad RF

RoboForex Representative
Messages
130
Trading with Force Index of Alexander Elder

Author: Victor Gryazin



Dear Clients and Partners,

In this overview, we will discuss the use of the Force Index. This indicator from the group of oscillators was designed and first applied to trading by a famous market expert Alexander Elder.

Description of the Force Index

The Force Index is an irregular oscillator that helps to estimate who is dominating the market – the bulls or the bears. As I have said, the indicator was designed by a famous trader, author, and the creator of the Elder’s Triple Screens strategy Alexander Elder.



The main task of the indicator is to estimate the dynamics of the price and show who is stronger in the market – the bulls or the bears. The indicator uses the following parameters:

  • the direction of the price movement.
  • the price change during a certain period.
  • trade volume.

The Force Index gives us an idea of the market direction. If the line of the indicator is above 0, demonstrating another high, this means an uptrend and the dominance of the bulls. If the Force Index drops below zero, forming local lows, the market is in a downtrend, and the bears are ruling.

The Force Index is displayed in a separate window under the price chart and consists of one main line and the center zero level. Elder recommends D2 and D13 for short-term and medium-term trading, respectively. The Force Index is included in most trading platforms, MetaTrader 4 and MetaTrader 5 among them.



Force Index Indicator

The Force Index calculation and setup

To add the Force Index to the price chart of a financial instrument in MetaTrader 4 or MetaTrader 5, open it via the Main Menu: Insert – Indicators – Oscillators – Force Index.

Elder recommended enhancing the results of the Force Index by averaging its values with an Exponential Moving Average (EMA).

Read more at R Blog - RoboForex

Sincerely,
RoboForex team
 

RoboForex Contest

RoboForex Representative
Messages
22
Dear traders!

This week, the ContestFx project traditionally offers you these following contests:

The 115th competition of "Demo Forex" has been running since last Monday, .
The 280th competition of "Week with CFD" has just recently started.
413rd competition of "Trade Day" will start on 14.10.2020 at 12:00.
330th competition of "KingSize MT5" will start on 15.10.2020 at 20:00.

It does not take much effort and time to participate in our demo contests: you have to go through a simple registration procedure just once and then a whole range of our contests will be available to you in just a couple of mouse clicks.

Join Us!

Sincerely,
RoboForex Contest
 

Vlad RF

RoboForex Representative
Messages
130
Emotional Intelligence: What is It and Why It is Important for Traders

Author: Timofey Zuev



Dear Clients and Partners,

Speaking about psychological competences, important for a trader, I would first and foremost single out emotional intelligence. Under emotional intelligence, I understand the ability to distinguish and name your own and other people’s emotional states.

Why is emotional intelligence important for traders?

I suppose that many traders would like to “get rid of emotions” to avoid losses that emotions often cause. However, such ridding would make a person unable to make decisions. An ability to find your way in complicated social situations that are influenced by the “psychology of a crowd” (and a financial market is exactly such a situation) presumes not only the skill to single out patterns (graphic, statistical) from a mass of data but also to feel correctly the market sentiment. To a larger part, market sentiment is the information unavailable to algorithms (though there are attempts to create algorithms that would estimate market sentiment).

Putting things very simply, we might say that the price impulse, spurting from a range and supported by professional demand/supply, will provoke the stereotypical reaction of traders who will try to sell at “inflated” prices. As a result, the trend will further be moved mostly by the emotional reaction of short-term traders who would be closing their positions. A high level of emotional intelligence will let the trader detect such situations and react accordingly.

For sure, the main role of emotional intelligence is to detect your own emotions. If a person (trader) experiences some emotional state that they cannot recognize, this might distort the perception of the market and push out some important information. Simply speaking, the trader will start looking for reasons to make a trade (and find them). In contrast to a simple reactive action, when the trader moves the Stop Loss or “enjoys revenge” on the market, the process here is much more complicated and hard to detect. A trader with distorted perception of reality will be sure that their analysis has been objective, accounting for all necessary factors; alas, their attention will be focused very selectively.

That is why emotional intelligence is so important: it allows to realize your own emotional states in time and avoid distortions.



Main perceptual distortions in the market
  1. The urge to trade in an inactive market (the trader tries to enter when it would be wiser to just wait).
  2. The desire to go against a breakaway (escaping the range, the price will seem unlawfully “high” or “low”, so the trader will try to open a position, justifying it by “analysis”, drawing new lines and “channels”).
  3. Avoiding trades and risks in times of extremely low volatility (usually before a breakaway).
  4. Decreasing activity after a losing series.
  5. Increasing activity after a profitable series.
I intentionally skip such types of behavior as increasing the lot significantly to win back your losses or make a certain amount of profit. We speak just about mental distortions, not the lack of self-control. When emotions exceed the “pain threshold” and rule one’s behavior, another mechanism that we are going to touch upon comes to the scene.

Most “bad” trades appear when the trader squeezes their perception into a narrow framework and becomes blind to important events and details.

Read more at R Blog - RoboForex

Sincerely,
RoboForex team
 
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Vlad RF

RoboForex Representative
Messages
130
RoboForex is named the “Most Transparent Asian Forex Broker”




Dear Clients and Partners,

RoboForex has received the “Most Transparent Asian Forex Broker” award at the Global Forex Awards 2020 – Retail. Winners were announced on June 24th, 2020, in London.


Thank you for choosing us, investing together with us, and voting for us. We, in our turn, strive for constant improvement and continue providing our clients from all over the world with the most transparent trading conditions, cutting-edge platforms, quality analytics, 24/7 support, various bonus programs, and many other things.


Sincerely,
RoboForex team
 

Thabang lucky

Recruit
Messages
1
Roboforex is a Scam I made a withdrawal of 31 usd then all was well I asked them with online support services if there is anything left for me to do they said i should just wait for the money to be credited to me,then they said to me through email that my withdrawal is cancelled for not responding to them and the funds are still not back in my trading,account number 22041983 withdrawal request id#9311112,
 
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