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7 Effective Trading Strategies for Beginners and Advanced in 2023

Author : Andrey Goilov

Dear Clients and Partners,

In R Blog, we have discussed a whole range of forex trading strategies — from the simplest to the most intricate ones, from those suitable for beginners to those meant for experts, those with and without indicators. Today, I will try to enumerate 7 trading strategies of 2022, which will be especially useful for you if you have not tried some of them yet.

Always keep in mind that however beautiful trading strategies may seem, never rush at using it on real money. Start with a demo account where you can painlessly master the strategy, detecting its strong and weak sides. Only after you reach good results try trading on a real account.

Explore a world of diverse trading strategies in the list below, each accompanied by a comprehensive post featuring profound descriptions and clear trading rules. Simply click on the links corresponding to the strategy names to unlock all the essential information you need to confidently apply them in the financial markets.

1. The Fishing trading strategy

The Fishing trading strategy is meant for D1, however, you may try it on timeframes no smaller than H1. The strategy uses special indicators that you may download from the detailed description of Fishing.

The trading strategy gives two main signals for opening a position: a breakaway of the trendline drawn by the indicators and breakaways of the special sales and buy levels. In short, the whole work of Fishing is based on the indicators built in the strategy.

An obvious advantage f the method is trading on D1: you do not need to spend all of your time at the trading terminal; another advantage is that you trade the trend. The drawbacks are the lack of back-testing because the indicator draws the lines for the current moment only.

2. Woodies CCI trading strategy

The Woodies CCI trading strategy is based on an indicator with the same name — Woodies CCI. It will suit those who prefer analyzing the price chart themselves. The author offers various ways of trading by the indicator: using breakaways of trendlines, graphic levels, bounces off the zero line.

The author gives an interesting variant of trading the indicator chart; in essence, we do not need the price chart at all, you may open positions by the Woodies CCI signals only. The drawback is exactly the difficulty of such a system for beginners; for good work of the trading strategy, you still need to know the basics of tech analysis. On the other hand, you can back-test all the signals, gaining useful experience of work with the indicator.

3. Three Moving Averages strategy

Moving Averages are the oldest instrument of tech analysis. As soon as a strong trend begins, virtually no indicator will give better signals by the trend.

Read more at R Blog - RoboForex

Sincerely,
RoboForex team

Dear traders!


This week, the ContestFX project is waiting for you with the following contests:

The 150th competition of "Demo Forex" has accelerated.
The 430th competition of "Week with CFD" has just kicked off.
The 564th competition of "Trade Day" will start on 13.09.2023 at 12:00.
The 478th competition of "KingSize MT5" will start on 14.09.2023 at 20:00.

We remind you that upon winning any of our competitions, winners receive prize funds to their real accounts and they can use those funds to make a profit in the Forex market instead of investing their own savings.

If you want to be one of the winners, don't miss your chance!

Sincerely,
RoboForex Contest

NZD/USD Forecast: Will the Decline Continue in 2023?

Dear Clients and Partners,

NZD/USD (New Zealand Dollar versus US Dollar) has been on a decline since the beginning of 2023. On 2 February, the pair reached a yearly high at 0.6534, followed by a gradual drop in price and eventually hit a low of 0.5887 on 29 August. At the time of writing, the quotes are within a correction phase at the level of 0.5979.

In this article, we will examine the key factors affecting the NZD/USD movements. We will conduct a technical analysis of the chart, share expert forecasts for 2023-2024, and aim to understand whether the decline of the pair will continue.

Overview of the NZD/USD currency pair

NZD/USD is one of the major currency pairs, with the New Zealand dollar ranking as the 14th most traded currency in the world according to a survey by the Bank for International Settlements (BIS), published in October 2022. It has held the number 10 spot since 2010 but was eventually overtaken by the Singapore dollar, Swedish krona, Korean won, and Norwegian krone.

The base currency in the NZD/USD pair is the New Zealand dollar, the country’s monetary unit and the quoted currency is the US dollar. The behaviour of the pair’s quotes depends on economic and political events in the two countries.

Trading characteristics of the NZD/USD pair

1. The currency pair is traded round the clock from Monday to Friday, with the highest activity observed between the American and Asian sessions
2. The pair is characterised by low average daily volatility within the range of 700-1,000 pips, with maximum movements in 2023 reaching 1,600 pips per day
3. It is considered quite liquid in the foreign exchange market, which is why the spread for NZD/USD is minimal

Dynamics of the NZD/USD currency pair in 2023

The NZD/USD currency pair has been demonstrating a moderate downward trend, starting the year at the 0.6337 mark, and hitting an annual high near 0.6534 on 2 February. By March, the quotes had reached 0.6084, which was followed by a prolonged correction that lasted for 5 months. During this correction phase, the upper boundary was at the 0.6380 level, while the lower boundary hovered near 0.6065.

In July 2023, following the third test of the 0.6380 level, the NZD/USD quotes headed downwards and gained a foothold below 0.6065 on 11 August. At the time of writing, it can be concluded that the New Zealand dollar has been experiencing a gradual decline against the US dollar from January to August inclusive.

Factors influencing the NZD/USD price

Economic data

According to an economic review by the New Zealand Parliament, the country’s economy contracted by 0.1% in Q1 2023. Data for Q4 2022 was revised upwards with the contraction value increasing from 0.6% to 0.7%.

According to Stats NZ, in Q1 2023, 9 out of 16 industries saw a decline in economic activity, with the business services sector shrinking by 3.5%. It is worth noting that the country’s economy has been contracting for the second consecutive quarter.

This is primarily driven by high inflation. For example, prices of fruits and vegetables rose by 18.4% over a year, while prices of meat, poultry, and fish added 11.7% with inflation on food products remaining over 12%. According to economists, other reasons include reduced consumer spending and a weakening real estate market.

Read more at R Blog - RoboForex

Sincerely,
RoboForex team

USD/JPY Forecast: Is the Japanese Yen’s Decline Set to Persist?

Dear Clients and Partners,

USD/JPY ranks among the top three most traded currency pairs in international trading. In this article, we will examine the key factors affecting the USD/JPY exchange rate, analyse the dynamics of price changes in 2023, and explore the short-term and medium-term forecasts provided by experts.

Overview of the USD/JPY currency pair

The base currency in this pair is the US dollar (USD), the official currency of the US. In addition, it serves as the global reserve currency in international trade and financial markets. The US dollar is considered a benchmark currency and the most widely used asset in transactions worldwide. The Federal Reserve System (the Fed), functioning as the central bank of the US, holds the authority to issue currency.

The second currency in this pair is the yen (JPY), the national currency of Japan. It ranks third by popularity in the foreign exchange market, following the US dollar and euro. The Bank of Japan, the country’s central bank, holds the exclusive right to issue banknotes and coins.

The USD/JPY exchange rate shows how many Japanese yen the market gives for one US dollar. Fluctuations in the pair exchange rate reflect the comparative state of the current economic conditions in the US and Japan. USD/JPY is one of the major currency pairs, known for its high liquidity. Together with EUR/USD and GBP/USD, it ranks amongst the top three most traded currency pairs in the foreign exchange market, accounting for approximately 13% of the total trading volume.

Key trading characteristics of the USD/JPY pair

1. The currency pair is traded round the clock from Monday to Friday, with significant trading volumes during the Asian and American sessions, leading to major movements for USD/JPY
2. The pair is characterised by moderate average daily volatility within the range of 700-800 pips. However, during times of stock market declines, it has the potential for strong movements exceeding 2,000 pips per day
3. The spread for USD/JPY is considered minimal thanks to its high liquidity and moderate volatility

USD/JPY movements in 2022-2023

In 2022, the US dollar was greatly supported by steady growth of the key interest rate in the country and strengthened significantly against the yen. The pair rose from 115.00 to 152.00, which was the highest reading over the last 32 years. After the price hit a high of 152.00 at the end of 2022, a downward correction followed, which was caused by expectations of the potential tightening of the Bank of Japan’s monetary policy.

In 2023, the weakening of the yen exchange rate against the US dollar persisted with the currency pair trading at 130.00 at the beginning of the year. The yen is under pressure due to the lack of clear signals from the Bank of Japan indicating when the tightening of the monetary policy will start, which contributes to further growth of the USD/JPY quotes.

At the same time, the Fed continued its interest rate hiking policy in response to increasing inflationary pressure. The difference between the rates resulted in the further weakening of the yen and the gradual growth of the pair exchange rate. On 16 August, at the time of writing, the quotes managed to rise above the local daily high of 145.00.

USD/JPY technical analysis

USD/JPY has been showing steady growth since January 2023, moving in the ascending daily channel. In early July, the price demonstrated a sharp downward reversal from the upper boundary of the channel and the resistance level at 145.00, where there was the 61.8% Fibonacci retracement level from the previous fall. Following this, the quotes rebounded from the lower boundary of the channel and continued to rise.

Read more at R Blog - RoboForex

Sincerely,
RoboForex team

Dear traders!

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

The 150th competition of "Demo Forex" is running at "full speed".
The 431st competition of " Week with CFD" has just started.
The 565th competition of "Trade Day" will start on 20.09.2023 at 12:00.
The 479th competition of "KingSize MT5" will start on 21.09.2023 at 20:00.

If you want to take part in our contests, all you have to do is to go through a simple registration procedure just once, and then any of the competitions you like will be available to you in just a couple of mouse clicks.

Good luck to all traders!

Sincerely,
RoboForex Contest

Basics of Risk Management in Trading. How to Avoid Losing Money?

Dear Clients and Partners,

Sooner or later, all traders who make deals on financial markets have second thoughts and ask themselves a question: “How do I more efficiently use my trading account in order to get profit and avoid losing money?”

As a rule, these thoughts don’t go any further and when beginner traders make transactions, they often risk all their money, “at full throttle” so to say, without following important rules for market operations. As soon as they get a little free money, beginners open another position and, when it comes to the crunch, lose all their orders and entire deposit. To avoid such situations, people created and developed some specific rules to manage their capital and risks. No matter how much money you have on your account – losing all will be unpleasant anyway.

Rules of risk management

Let’s see into all these rules and recommendations, which are intended to help us save money and avoid unnecessary risks.

Use available amount of money

First of all, one should open a trading account at one’s own available money. This is a sum, which a trader can afford to lose without any drastic consequences to their personal or family budget. At the same time, the amount of money should be enough to provide a trader with a freedom of making trading decisions. A deposit opened with borrowed funds or the last of a trader’s money is “doomed” from the start. The reason is very simple: in case of losses, a trader will try to win back their money, which means that a well-thought strategy will transform into a reckless pursuit with logical sad results. Hardly anybody wants to face such outcome in their trading careers.

Use Stop Loss orders

Secondly, one should understand the Stop Loss system. Ignoring Stop Loss orders is one of the most common mistakes made by both beginners and experienced traders. Many traders think that they can “outlast” a loss-making deal and the price may return to previous levels. In reality, these expectations often fall short and after losing time and money, a trader closes this position in the red. Or it might be much worse – the positions is automatically closed after Stop Out.

There is a simple approach that helps avoid such situations. All you have to do is follow the rules below:

1. Don’t open a position using all your money.
2. Before opening a position, one should estimate not only possible profit, but possible losses as well. Ideally, it should be 1 to 3 ratio or more, where there is 1 USD of possible loss to 3 USD of potential profit. At the same time, Stop Loss value in the account currency shouldn’t be more than 2% of the account funds. For example, there are 10,000 USD of funds on the account, which means that in the first transaction the loss amount for a single open position shouldn’t exceed 200 USD. The same math is applied further: after losing 200 USD, there will be 9,800 USD left on the account, so the next time the loss amount shouldn’t be more than 196 USD. In this case, you should estimate the loss amount based on 9,604 USD on the account (minus 2% again, etc.). A possibility that all positions will be loss-making is rather low, and while a trader has a reasonable approach to trading and follows the above-mentioned ratio, they have more chances to find themselves “in the black”. It’s definitely not difficult. In no way one should ignore Stop Loss and in no way one should change the Stop Loss level downwards in hopes of reverse. However, Stop Loss orders may and should be modified, but only in cases when the price is moving in favorable direction.

Typical mistakes of traders

Sometimes traders come up with an idea to average out when a position is in drawdown. However, this is another trap: such strategy will surely result in increase of the current loss amount, although there might be some very rare cases when this method helps traders avoid losses and get profit. Still, in most cases investors, who use this approach, are moving towards failure in quantum leaps. Not less and sometimes more problems may be delivered by so called locks (locking an open position with an order of the same volume but different direction). I don’t mind this method, but for successful outcome it requires rich trading experience and careful planning, that’s why inexperienced traders may only stave off their inevitable failure.

Attempts to win back their money ruined trading careers of many beginners. To avoid this, one should clearly define goals for the current trading session before starting to trade. Everything should be very concrete and specific: goals should consider not only forecasts on profit, but on losses as well. In case any of the planned scenarios turns into reality, one should stop all trading operations for the day.

Read more at R Blog - RoboForex

Sincerely,
RoboForex team

How to Create Your Own Trading System?

Dear Clients and Partners,

It happens very often that beginners start trading on financial markets and take these operations as some kind of a game of luck or gambling, but not as a serious, systematic, and sometimes routine work. For the first little while, a “newly-made” trader is in the habit of using gambling methods and tactics, such as Martingale system, when a gambler doubled their bets after every loss.

Quite often, there are approaches, which imply the transaction price averaging by buying or selling an asset at a better price when the market moves against the direction chosen in the beginning. Another thing worth paying attention to is the way of choosing entry points by beginners. In many cases, entry points are chosen in a random way and as a rough guess. Other signals may be different technical indicators.

After a while, having gained some painful experience, a trader starts learning basics of fundamental and technical analysis, take part in different seminars and webinars held by experts in trading and analyzing financial markets, buy subscriptions to trading recommendations and signals. As time goes by, a trader gets mixed results along with knowledge and skills, and, as a result, is led to the realization that trading is a serious activity, which requires a systematic approach, that’s why it may be necessary to develop their own comprehensive trading system.

What is a trading system?

The definition of a trading system implies a method or a scope of rules, which allows traders to understand in a very short period of time what is happening on the market at the moment and assess whether there are chances to open a position, and if yes – what position, long or short. In other words, a system should answer such questions as:

1. Is it okay to buy right now?
2. Shall I sell?
3. Should I trade at all right now or it would be better take a break?

A trading system should contain elements of strategies, tactics, and money management. Strategies are defined by the market segment, where a trader is going to trade: Forex, stock market, commodity market, or all of them together. After deciding on the market, it is necessary to choose trading instruments and timeframes. However, the most important thing in the strategy is a trader’s perspective on the market. It can be either a logical (not necessarily linear) sequence of events and a regular asset pricing policy or some chaotical form of existence of finances. This is where a trader should specify the logic for the market behavior patterns and regularities, which will form signals for opening and closing positions.

Tactics should help to define how positions would be opened and closed: according to indicator signals, after the price breaks some particular level, upon a pullback, whether a loss-making position should be locked, how big the profit should for closing a position, how Stop Loss Level is defined, or whether a position would be trailed.

Many people think that money/risk management is the core of the entire system, which is to guarantee permanent profit in the long-term. Here a trader should specify the amount of their initial capital, a procedure (and periodicity) of profit withdrawal or reinvestment. Also, in this part a trader should decide on the minimum lot and the maximum position volume, whether they are going to use “Martingale” system or not, or implement the price averaging approach. Still, some of the most essential questions to be answered are Stop Loss and Take Profit levels for every transaction, of course if the system implies using Stop Loss and Take Profit orders in the first place.

What about your own trading system?

The question is surely very logical, but the answer is very simple: over the years, hundreds and thousands of trading systems have been created, but none of them can be considered as a perfect one for everybody. Trading is a very personal, if not to say private, thing for every trader, so it is impossible for everyone to use the same methods and approaches. However, one can’t deny the fact that newly-developed systems use ideas implemented in old ones and quite often blend into each other.

A recipe for creating your own trading system is quite simple. You should understand that it is impossible without knowledge and skills – these things are “must have”. Every trader should create a system based on their own nature. If you like to sleep in, create a system for intraday or mid-term trading. If you want to earn a million in a short period of time, be ready to invest at least half a million – as a result, you need to plan your profit based on actual money that you have. But first of all, a trader has to decide on how much money they want to make a day, a week, a month, and how much money they are willing to risk. And the last, but not the least – a trader should strictly follow their system and avoid any emotional outbursts.

Read more at R Blog - RoboForex

Sincerely,
RoboForex team

Dear traders!

This week, the ContestFX project is waiting for you with the following contests:

The 139th competition of "Demo Forex" has reached the "finish line".
The 432nd competition of "Week with CFD" has kicked off today.
The 566th competition of "Trade Day" will start on 27.09.2023 at 12:00.
The 480th competition of "KingSize MT5" will start on 28.09.2023 at 20:00.

We would like to remind you that all winners of our demo contests receive prize funds to their real accounts, and they can use this money for trading in the Forex market instead of investing their own savings.

Good luck to all traders!

Sincerely,
RoboForex Contest

RoboForex: upcoming changes to the trading conditions

Dear Clients and Partners,

We are informing you that, starting from 9 October 2023, revised trading conditions will be implemented for specific account types.

New trading conditions from 9 October 2023

ProCent accounts

1. Stop Out value: set at a 30% margin level
2. Maximum order volume: 1,000 cent lots*

* - Larger positions opened before these changes take effect will remain open until closed by the client or Stop Out. At the same time, orders to open new positions with a volume exceeding 1,000 cent lots will be rejected.

Pro accounts

1. Stop Out value: set at a 40% margin level

ECN accounts

1. Stop Out value: set at a 50% margin level

Please take note of the above information as you plan your trading activity, and use it to make timely adjustments to your strategies, algorithms and expert advisors.

Sincerely,
The RoboForex team

USD/CAD Forecast: Will the Canadian Dollar Rise in 2023?

Dear Clients and Partners,

The USD/CAD is one of the most demanded currency pairs in international trading. In this article, we will examine the key factors affecting the pair’s exchange rate, analyse the dynamics of price changes in 2023, and explore the short-term and medium-term forecasts provided by experts.

Overview of the USD/CAD currency pair

USD/CAD shows the ratio of the US dollar (USD) to the Canadian dollar (CAD). Its quotes indicate how many Canadian dollars need to be paid for one US dollar. When the pair exchange rate rises, this means that the US dollar is strengthening against Canada’s currency. When the exchange rate drops, this signals that the Canadian dollar is on the rise against the US dollar.

Trading characteristics of the USD/CAD pair

1. The currency pair is traded round the clock from Monday to Friday, with significant trading volumes and maximum volatility during the American trading session. During this period, the US and Canada release the most crucial economic statistics that have a great impact on the pair exchange rate
2. USD/CAD can be considered quite a volatile pair, characterised by average daily movements ranging from 800 to 1,000 pips. During periods of strong global market movements, its volatility may increase to 2,000-3,000 pips per day in the short term
3. USD/CAD is one of the major currency pairs, which is why the spread is small thanks to its popularity and high liquidity. In a normal market environment, the spread ranges from 10 to 15 pips in popular ECN accounts

Fundamental factors influencing the USD/CAD quotes

The Bank of Canada’s monetary policy

The Bank of Canada has been tightening its monetary policy since March 2022 to bring down inflation. Over this period, the interest rate has been raised nine times and is standing at 5% at the time of writing on 21 September 2023.

When making decisions on interest rate hikes, the country’s central bank assesses how much trends in excessive demand, inflation expectations, wage growth, and corporate pricing are in line with achieving the inflation target of 2%.

Inflationary pressure has been easing in the country since June 2023. Therefore, the Bank of Canada took a pause in a series of interest rate hikes to assess how steady a fall in inflation will be. It is keeping a close eye on economic indicators, and if inflation continues to rise, it may raise the interest rate, thereby supporting the Canadian dollar.

USD/CAD forecast for 2023

1. Analysts at J.P. Morgan Research predict that the USD/CAD quotes will hover around 1.3500 by the end of 2023
2. Citibank specialists suggest that the pair reaches 1.3400 by the end of 2023 and the beginning of 2024
3. ING Group economists believe that the Canadian dollar will be on the rise with the currency pair dropping to 1.2700 by the end of the year

Long-term USD/CAD forecast

1. HSBC experts presume that the US dollar is currently overvalued and will revert to fair value within five years as US yields decline and equity markets gain. They expect the USD/CAD exchange rate to stand at 1.2700 by mid-2024 and fall further to 1.2500 by 2026
2. Analysts at the Economy Forecast Agency (EFA) forecast that the rate will be 1.3580 by the end of 2024, 1.4050 by the end of 2025, and 1.2840 by the end of 2026
3. According to the Wallet Investor portal, USD/CAD will reach 1.3780 by the end of 2024 and 1.3870 by the end of 2025

Read more at R Blog - RoboForex

Sincerely,
RoboForex team

Dear traders!

In the first week of October, a RoboForex project called ContestFX will continue, as usual, with the following competitions:

The 151st competition of "Demo Forex" and the 433rd competition of "Week with CFD" have just started.
The 567th competition of "Trade Day" will start on 04.10.2023 at 12:00.
The 481st competition of "KingSize MT5" will start on 05.10.2023 at 20:00.

It does not take much effort to become a participant of our contests - all you need to do is to go through a simple registration procedure, and then any of the competitions you like will be available to you in just a couple of mouse clicks.

Join us!

Sincerely,
RoboForex Contest

USD/CHF Forecast: Will the Swiss Franc Rise in 2023?

Dear Clients and Partners,

USD/CHF is one of the major currency pairs in the international foreign exchange market. In this article, we will examine the key factors affecting the pair’s exchange rate, analyse the USD/CHF performance in 2023, and explore the short-term and medium-term forecasts provided by experts.

Overview of the USD/CHF currency pair

USD/CHF shows the ratio of the US dollar (USD) to the Swiss franc (CHF). Its quotes indicate how many Swiss francs need to be paid for one US dollar. When the exchange rate of the pair rises, this means that the US dollar is strengthening against Switzerland’s currency. When the exchange rate drops, this signals that the CHF is on the rise against the US dollar.

Trading characteristics of the USD/CHF pair

1. Trading hours – The USD/CHF pair is traded round the clock from Monday to Friday, with the highest trading volumes observed during the European and American trading sessions when key economic indicators are released, potentially impacting the pair's exchange rate and leading to significant movements for USD/CHF
2. Volatility – USD/CHF is a moderately volatile pair, characterised by average daily fluctuations ranging from 500 to 800 pips. However, during times of crises and stock market declines, the pair can experience substantial movements exceeding 1,500 pips per day
3. Spread – As one of the major currency pairs, USD/CHF benefits from high liquidity and moderate volatility, resulting in minimal spreads. In popular ECN accounts, spreads commonly remain below 10 pips

Fundamental factors influencing the USD/CHF quotes

The Swiss central bank’s monetary policy

The Swiss National Bank (SNB) has been tightening its monetary policy since 2022 to combat inflation. During the tightening cycle, the Swiss central bank raised the key rate by 250 basis points from -0.75% in March 2022 to 1.75% in June 2023. At the last meeting on 21 September, the rate remained unchanged at 1.75% despite expectations of another hike to 2%.

The SNB’s decision to leave the interest rate at the same level shows that the central bank does not see strong reasons for further increases, and the pause may extend. Some analysts note that the SNB has every reason to gradually end the tightening cycle given low inflation in the country, a strong franc, and slowing economic activity in Switzerland and the world.

The Federal Reserve’s monetary policy

The US Federal Reserve is also looking to bring down mounting inflation by tightening monetary policies. Since the beginning of 2022, the interest rate has gradually risen from 0.25% to 5.5%, significantly affecting the exchange rate of the US dollar, which had strengthened against a number of world currencies over this period.

On 20 September 2023, the Fed left the interest rate unchanged at 5.5%. The central bank of the US noted that economic activity continues to grow steadily, and although job gains have slowed, it is still impressive. The Fed’s chair emphasised that the inflation rate remains high with inflation risks being the focus of attention. Analysts predict that the US will see one more interest rate hike by the end of 2023.

USD/CHF performance in 2023

The USD/CHF pair shows mixed trends in 2023, trading within a wide sideways range. In March 2023, the upper boundary of this range was set at the 0.9440 mark while the lower formed in July at 0.8555. At the time of writing, USD/CHF quotes are experiencing a robust upward momentum on the daily chart, hovering at approximately 0.9200, the same level as at the beginning of 2023.

Read more at R Blog - RoboForex

Sincerely,
RoboForex team

RoboForex increases Partner payouts for select instruments as part of a promotional offer

Dear Clients and Partners,

RoboForex continually offers its partners opportunities for growth, and here is another exciting one for you: we are launching a promotion that boosts affiliate payments for selected instruments!

Partners enrolled in the VIP programme , whose clients trade on Pro Standard and Cent accounts , are eligible to participate. This commission increase will last until 31 March 2024.

The following instruments are eligible for this promotion:

Join one of the best Partner programmes in the market

1. Loyalty programme
   Up to 20% extra profit on your total monthly revenue.
   
2. No Payout Limits
   No restrictions on the maximum payments per month or per client.
   
3. Daily Payments
   Automatical transfer of the commission to your account on a daily basis.

Learn More

How to become a Partner:

1. Open a Partner account
2. Utilise our promotional materials to attract clients
3. Receive a commission for your referrals' transactions

Open a Partner Account

Sincerely,
The RoboForex team

Dear traders!

This week, the ContestFX project is waiting for you with the following contests:

The 151st competition of "Demo Forex" has been running since last week.
The 434th competition of "Week with CFD" has kicked off today.
The 568th competition of "Trade Day" will start on 11.10.2023 at 12:00.
The 482nd competition of "KingSize MT5" will start on 12.10.2023 at 20:00.

We remind you that all winners of our competitions receive prize funds to their real accounts, and they can use them to earn money in the Forex market instead of investing their own savings.

If you want to be one of the winners, don't miss your chance!

Sincerely,
RoboForex Contest

Which Market to Choose?

Dear Clients and Partners,

If you are a beginner trader, you are sure to be asking a question to yourself: Which market to choose for trading? The options are actually scarce: you can choose from Forex and stock market. Each of the above are virtually the same in terms of difficulty level, and each of the assets you can find there, be it a stock, a currency or a futures contract, acts in the same way for building an investment portfolio. In order to decide where to trade, you as a trader have to be knowledgeable not only about the markets as such, but also about your counterparts, or trading partners.

Trading is all about buying and selling assets, and you can either trade Forex or stocks only or trade all markets at the same time. It is worth mentioning that all these markets are highly liquid, which means a trader may buy or sell any asset at any time, within the trading hours. The traditional exchanges, however, work only specific hours Monday to Friday, which somewhat limits the way you can trade, while the decentralized Forex market works 24/5.

In terms of choosing the asset to trade, stock market is well ahead of the others, as you can pick any of dozens of thousands of company stocks and their derivatives. Forex is number two here, as the number of major pairs and crosses is not that large.

If you ask where you can make the most money in the easiest way, you won't get any answer. Everything depends on your strategy, discipline, and the current market conditions. After all, there are no bad markets out there, one can trade and earn everywhere.

Read more at R Blog - RoboForex

Sincerely,
RoboForex team

What is Trading and Who are Traders?

Dear Clients and Partners,

What is trading?

Let’s consider the etymology of the word “Trading”. It is derived from English “to trade”. Thus, we may come to the understanding that trading is some kind of activity, which is related to buying or selling something.

Surely, many of you have heard such expressions as “grain trading” or “oil trading”, but the most popular one is “online trading”, which means trading different types of assets in the Internet. In the past, a person who wanted to make money on trading stocks, currencies, or any other derivative financial instruments (futures, for instance) had to open an account with a broker.

They could send orders to sell or buy only over the phone, hence often wasting valuable seconds and minutes and, as a result, losing money. With the development of internet technologies, the mankind got an opportunity to buy stocks of companies and currencies of countries that are located halfway around the world without leaving their homes.

Thanks to the modern brokerage services and state-of-the-art computer technologies, one can trade Apple stocks from a Paris attic, corn futures from a cozy New York office, or sell/buy Euros for US Dollars travelling by car or train anywhere in the world. The only thing that matters is a stable internet connection. For a large number of people throughout the world trading has become not just a business or a way to make money, but also a lifestyle.

Who are traders?

Those who are engaged in this type of activity are called traders. A Trader is an occupation not only of the present, but of the future as well. Reasons for this are quite obvious:

1. First of all, this job offers a great deal of ways and opportunities for making money.
2. Secondly, the number of available trading instruments is constantly expanding.
3. Thirdly, considerable increase of quantity and quality of infrastructure services.
4. In the fourth place, continuously growing number of new market players, not only professionals (such as investment and hedge funds), but private investors and retail traders as well, which may suggest stable prospects of further development of online trading.

What is algorithmic trading?

Another important factor that accelerates the online trading industry is constant improvement of software for algorithmic trading.

Summarizing this information on online trading, it would be safe to say that this occupation is currently one of the most popular business activities in the Internet. If you dream of being a freelancer and prefer making your own decisions instead of taking orders from others, incurring expenses for office space, staff, suppliers, and rent, then online trading is surely a way out for you. Apart from this, online trading is an intellectual business where all best and strongest features of your character may be applied in the most appropriate way.

Read more at R Blog - RoboForex

Sincerely,
RoboForex team

Prop Firm Passing Service without Upfront payments.

https://proptraders.xyz

Dear traders!

This week, a RoboForex project called ContestFX invites you to participate in the following demo contests:

The 151st competition of "Demo Forex" has gained "cruising speed".
The 435th competition of "Week with CFD" has just started.
The 569th competition of "Trade Day" will start on 18.10.2023 at 12:00.
The 483rd competition of "KingSize MT5" will start on 19.10.2023 at 20:00.

Becoming a participant of our competitions is easy - all you need to do is to go through a simple registration procedure just once, and then you'll get access to all contests with just a couple of mouse clicks.

We're looking forward to your joining in and wish you good luck!

Sincerely,
RoboForex Contest

RoboForex added new commission schemes for CopyFX Traders on MT5 accounts

Dear Clients and Partners,

We are thrilled to announce that two new commission schemes, the "Performance Fee" and "Subscription Fee", are now available for CopyFX Traders using MT5 accounts.

Under the "Performance Fee" scheme, Traders receive a share of the overall profit generated by subscribed Investors through all copied deals.

With the "Subscription Fee" scheme, Traders receive a fixed commission once a week if Investors have made a profit from copying deals.

What's beneficial for Traders and Investors?

1. Popular and familiar schemes for earning and sharing from MT4 CopyFX are now available in MT5 CopyFX
   
2. Skilled traders who were earning money in MT4 CopyFX can start earning in the new MT5 CopyFX
   
3. New growth opportunities: bringing in new Investors for Traders and expanding a variety of strategies for Investors
   
4. The commission earned depends on whether Investors' profits were achieved by copying Traders’ transactions
   
5. Investors have the freedom to select the Top Traders, while Traders are motivated to improve their trading performance

Learn more

Why choose CopyFX in MT5?

1. It's convenient - you can trade using one of the best terminals on the market with cutting-edge analytical tools and lowest ping VPS from MetaQuotes available for you
   
2. It's easy - all you need is an MT5 hedge account
   
3. It's flexible - offering user-friendly investment management

Are you ready to start earning from your investments?

Join now

Sincerely,
The RoboForex team

What are the Rules of Fundamental Analysis

Dear Clients and Partners,

Macroeconomic data

First and foremost, a trader should comprehensively learn and understand all macroeconomic data, political indicators, and other events that involve any governments, countries, currencies, or assets, such as sanctions, formal talks, summits, etc. One should also bear in mind that different indicators may influence the market differently. Sanctions, for instance, bring stress and are long term, which means you should first take this into account and consider monthly reports, such as exports or inflation, only at the next stage. Conversely, a rising VAT would strongly influence the consumer price index (CPI) and, therefore, the currency in question, but not for very much long, i.e. for two or three months. This means you need to study all factors but understand that they all have different kind of influence.

Data sequence

Secondly, fundamental analysis does not have a basing strategy; one has to understand the current market situation on the whole, yet learn all the details. There are no step by step guides to run fundamental analysis either, so keep an eye on everything: what kind of political regime a country has, how the government takes its decisions, and so on.

Combining fundamental analysis and tech analysis

Another rule says that combining fundamental and technical analysis is not a bad idea. This is not an easy task, but the rewards may be great.

Trading the news

Some people use news trading, which is similar to scalping. In order to get it work, however, one has to very well understand the macroeconomic news, analyze them quickly, and drive right conclusions. First off, you've got to have the economic calendar at hand; thus, you will always know which news are being released today, what are the key data, and what the analysts expect. As a rule, news trading involves only global indicators, such as the US or Chinese GDP, US job data, Fed or ECB meeting results, etc. The way it works is quite simple: you analyze the expectations, get the conclusion, and go long or short, depending on what you have decided.

Correlation of trading instruments

Some also apply knowledge about a certain currency, which works in any market conditions. The US dollar, for instance, has a strong negative correlation with the crude and the gold. When the greenback is strong, these major commodities are down; conversely, when the crude rises, the currencies of the oil-exporting countries follow it. This always works, unless the market is populated with large speculators or institutional players that drive the prices their way.

Read more at R Blog - RoboForex

Sincerely,
RoboForex team