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[RoboForex Contest]

Dear traders!

In the first week of August, the ContestFX project is waiting for you to participate in the following demo competitions:

The 125th competition of "Demo Forex" and 321st competition of "Week with CFD" have just started.
454th competition of "Trade Day" will start on 04.08.2021 at 12:00.
370th competition of "KingSize MT5" will start on 05.08.2021 at 20:00.

For taking part in any of the offered competitions, it is enough to spend a little time on registration just once, and then participation in the competitions will be available in just a couple of mouse clicks.

We invite everyone to register and wish you good luck!

Sincerely,
RoboForex Contest

 

[Vlad RF]

How to Trade Master Candle Method Strategy

Author: Maks Artemov

Dear Clients and Partners,​

If someone was looking for a simple and easy-to-understand trading strategy, consider your search is over. Master Candle Method is a trading system based on one indicator and one only. It signals an opportunity for trading and shows spots where to enter and leave the market. The strategy is applicable for trading only GBP/USD and GBP/JPY pairs, and only on the Н1 timeframe.

Desktop of Master Candle Method

A signal to buy in the Master Candle Method strategy

A signal appears when there is a candlestick on the chart with 4 more candlesticks being formed inside it. As soon as this condition is met, two dashes appear – the first one is black, above these candlesticks, the second dash is green, a bit higher, 3-candlestick long. Above this green dash, a pending buy order is placed with a 3-hour spread value. If a signal appeared and three candlesticks were formed after that but a pending order wasn’t triggered, this order should be removed.

As you can see here, the first signal to buy wasn’t triggered because the Bid price didn’t touch the green dahs over the course of three hours after the signal appeared. However, in the second example, it was triggered.

Read more at R Blog - RoboForex

Sincerely,
RoboForex team

 

[Vlad RF]

How to Become a Successful Partner of a Forex Broker?

Author: Andrey Goilov

Dear Clients and Partners,​

Alongside direct income on the Forex market, anyone, who is willing to, can become a partner of a brokerage company and get additional remuneration for attracting new clients to it. The more active (trading) clients a partner attracts, the bigger the remuneration, which may be considered as some kind of passive income.

As a rule, to become a broker’s partner, one must register on its website, get a link with a unique code and forward it to other traders, who do not have any accounts at this company yet.

Just like in any other activity and field, to become a successful partner one has to spend a lot of time and gain some experience. Brokerage services can be promoted in different ways: cutting-edge technologies allow you to quickly create your own website or YouTube channel, where you can post your ideas about financial markets and simple forecasts. However, it takes a lot of time to create quality content for website visitors and some money to promote and advertise it.

In this article, we’ll discuss how brokers’ partners can attract clients and succeed.

Methods to attract new clients

Unfortunately, there is no general scheme, according to which you will become one of the best partners of a broker with a high income. You should try different methods of attracting active clients and improve the areas that bring you the most profit.

There are several key channels that a partner can use to attract clients quickly and easily, such as:

• Social networks
• YouTube channels
• Own websites

Now let’s take a closer look at each of them.

Social network pages and profiles

This is one of the easiest ways to start working as a partner and find your audience. After creating a profile or a page in a social network that is popular in your region, you can devote it to financial news, publish trading ideas, or any other content useful for traders. For instance, posting examples of successful signals may help you to become popular both with beginners and more experienced traders.

Pages and content have to be constantly updated and promoted by means of advertising. After attracting plenty of visitors, you will be surely asked a lot of questions and one of them is where you prefer to trade and what company would you recommend to your subscribers. And here you can use an affiliate link you received after registering with a broker.

Read more at R Blog - RoboForex

Sincerely,
RoboForex team

 

[RoboForex Contest]

Dear traders!

This week, the ContestFX project invites you to the following competitions:

The 125th competition of "Demo Forex" is running in the second week.
The 322nd competition of "Week with CFD" has started today.
At 12:00, August 11th, 2021, starts the 455th competition of "Trade Day".
At 20:00, August 12th, 2021, starts the 371st competition of "KingSize MT5".

We remind you that all winners of our demo competitions are rewarded real money sent to their real trading accounts, so they can use it to start full-fledged trading activities in the Forex market without investing personal savings.

Don't miss your chance to become one of pro traders!

Sincerely,
RoboForex Contest

 

[Vlad RF]

RoboForex receives the “Most Transparent Broker (Global) 2021” award

Dear Clients and Partners,​

in 2021, RoboForex was nominated at the World Economic Magazine Award and received the title of “Most Transparent Broker (Global) 2021”.

We know how much traders appreciate honest conditions and transparency of trading, that’s why we’re doing our best to make all financial processes as faultless as possible. Every month, RoboForex provides information about 5,000 anonymous transactions for analysis and confirmation of order execution quality. The company was successfully verified by Verify My Trade to confirm its compliance with the high standards of The Financial Commission.

Another achievement of RoboForex, the “Most Transparent Broker” nomination, proves that we’re moving in the right direction and motivates us to be better and more effective in improving the services and products we provide our clients with.

Start trading at RoboForex and experience the broker’s operation transparency first-hand!

​

Sincerely,
RoboForex team

 

[Vlad RF]

How to Use Aroon Indicator in Forex?

Author: Victor Gryazin

Dear Clients and Partners,​

This overview is devoted to an oscillator called Aroon. If helps detect the current trend and find entry points to the market.

Description of Aroon

Aroon is a trading indicator that belongs to the group of normalised oscillators. It was designed by a trader of Indian origin Tushar Chande in 1995 for assessing the market trend, whether it is strong or weak.

As long as Chande was born in India, the name of the indicator belongs to Indian mythology: in Sanskrit, Aroon means Charioteer of the Sun God or Light of the Morning Dawn.

Aroon contains of two main lines: Aroon-Up and Aroon-Down.

• The Aroon-Up line is blue; it assesses from 0 to 100% the ratio of the number of periods (weeks, days, or hours, depending on the chosen timeframe) that have passed since the high appeared on the chart — and the period of the indicator. The less time passes since the last high appeared on the chart, the higher the Aroon-Up line goes.
• The Aroon-Down line (red color) assesses from 0 to 100% the ratio of the number of periods (weeks, days, or hours, depending on the chosen timeframe) that have passed since the low appeared on the chart — and the period of the indicator. The less time passes since the last low appeared on the chart, the higher the Aroon-Down line goes.

The indicator is calculated in a separate window under the price chart. Through levels 30% and 70%, lines are drawn that help detect the current trend. If Aroon-Up goes above 70%, and Aroon-Down drops below 30%, this means the trend is ascending, bulls are dominating.

And vice versa: when Aroon-Up is below 30% and Aroon-Down rises above 70%, the trend is descending, and bears are in control.

Closing thoughts

The Aroon indicator, created by an Indian trader Tushar Chande, helps detect the prevailing market trend. Also, it gives its own trading signals that should be used alongside classic methods of tech analysis, price patterns, Price Action for more reliability. Before you start trading for real, practice on a demo account.

Read more at R Blog - RoboForex

Sincerely,
RoboForex team

 

[RoboForex Contest]

Dear traders!

This week, a RoboForex project called ContestFX will continue with the following competitions:

The 125th competition of "Demo Forex" has gained a "cruising" speed.
The 323rd competition of "Week with CFD" has just started.
At 12:00, August 18th, 2021, the 456th competition of " Trade Day" begins.
At 20:00, August 19th, 2021, the 372nd competition of "KingSize MT5" begins.

To take part in our demo competitions, you need to go through a simple registration procedure just once. If you win, you'll receive prize money that you may use to perform full-fledged trading on Forex without investing your own funds as an initial deposit.

Good luck to all traders!

Sincerely,
RoboForex Contest

 

[Vlad RF]

Doji Pattern: Types and Trading

Author: Victor Gryazin

Dear Clients and Partners,​

This overview is devoted to the types of the Doji pattern and ways of trading it. This is a candlestick pattern that appears on price charts from time to time and signals about an upcoming correction or a reversal of the current trend.

What is Doji?

Doji is a potentially reversal pattern consisting of one candlestick that gave it it's name. Doji candlesticks are extremely important tech analysis elements. It does not have a normal body because it's opening and closing prices nearly coincide, with a maximum difference of a couple of points.

When a Doji appears on the chart, it indicates a temporary balance, market uncertainty because neither bulls nor bears succeed in pushing the price this or that way

The place where a Doji forms on the chart is extremely important:

1. Doji in a flat. When this pattern is in the middle of the range, it gives no trading signals. In such a case, a Doji simply reflects temporary consolidation of the quotations before a new price impulse starts.

2. Doji at the market high indicates a possible reversal downwards. When this pattern appears after some growing white candlesticks, this might mean the ascending price impulse is nearly over. Setting new highs, bulls reachea a strong resistance area that they failed to break through. Now bears are ready to counterattack, provoking a descending correction or even a reversal downwards.

3. Doji at the market lows signals about a potential reversal upwards. When the pattern forms after declining black candlesticks, this might means the descending impulse is nearly over. Bears reached a strong support level where they faces bulls. Now the latter ones, seeing that their rivals are weak, are trying to turn the market upwards.

All in all, a Doji appearing at the highs or lows of the chart signals about a possible reversal.

Also, a Doji candlestick might be a part of several other reversal patterns; a pattern also called Doji can later transform into some other reversal candlestick combination.

Bottom line

Doji is a potentially reversal pattern of candlestick analysis that forms on the local extremes of the price chart. It can work both on its own and as a part of other reversal patterns.

Before you begin real trading, backtest you understanding of Doji and practice on a demo account.

Read more at R Blog - RoboForex

Sincerely,
RoboForex team

 

[Vlad RF]

How to Trade USD/RUB?

Author: Victor Gryazin

Dear Clients and Partners,​

USD/RUB is an exotic currency pair, in which the quoting currency - the Russian ruble - is the most interesting. The article is devoted to the characteristics if the pair and peculiarities of trading it.

General information about the ruble

Russian ruble is the currency of the Russian Federation. It is the second-oldest currency in the world after the British pound.

The modern ruble appeared in 1991. Later it underwent two monetary reforms: in 1993 and 1998. Since 2014, its exchange rate has been “floating”, which means it fully depends on the demand and supply in the currency market.

The Russian ruble is controlled by the Central bank of Russia along the regulations of the International Monetary Fund. Note that this monetary policy is explained by the development of Russian independent economy.

The Russian ruble takes the 18th place, or 0.70%, in the global currency turnover. To compare, the US dollar is number 1, taking up to 40% of the turnover; next goes the euro (30%), yuan (1.5%).

Trading peculiarities of the Russian ruble

On global trading platforms, the ruble is traded against the USD and EUR. Its trading peculiarities would be:

• Periodic influence of Western sanctions since 2014;
• Periodic influence of the commodity sector on the whole of Russian economy.

Both factors reflect in the exchange rate of the Russian ruble. Forex charts demonstrate quite significant volatility in the times of such events.

In this chart, we can see the pair sky-rocketing in 2014 due to the Ukrainian events and imposing sanctions on Russia.

The growth lasted for almost 2 years. If the average daily volatility is about 30-50 kopecks, during that period it kept growing, reaching 27 rubles at times. Only the decisiveness of the CB and interest rates lifted by 17% managed to stop this.

Read more at R Blog - RoboForex

Sincerely,
RoboForex team

 

[RoboForex Contest]

Dear traders!

This week, the ContestFX project is waiting for everyone to participate in the following competitions:

The 125th competition of "Demo Forex" is in "full swing".
The 324th competition of "Week with CFD" has just started.
457th competition of "Trade Day" will start on 25.08.2021 at 12:00.
373rd competition of "KingSize MT5" will start on 26.08.2021 at 20:00.

We remind you that all winners of our demo competitions receive funds to their real trading accounts as a reward, so they can earn money on the Forex market without investing their own financial resources required as an initial deposit.

Join us!

Sincerely,
RoboForex Contest