IFC Markets General Discussion

so, you can create simple and complex tools and even unique instruments.

I wonder, I tried to create a quite complex tool, is there any limitation in creating such a tool?

There is, but it's hardly a limitation, rather, I'd say it’s foolproof =) You can use max 25 components together. Anyway, it was so, maybe something has changed recently.

25?That’s many! Even 10 is a big amount!

Is this broker different with IC Markets or another branch?

All people are different, and everybody has different values. Some like white or black than others prefer blue. Some like currencies or stocks than others prefer metals. Some people trade with standard forex instruments than others prefer synthetical ones. Finally, some traders put 3-5 currencies than others might have 10-25 of different stuff.

I can completely agree that everybody has it’s own tastes! However, I don’t understand how is it possible to analyze such a difficult instrument?

The instrument consists of a number of currencies. It is necessary to analyze such tool by analyzing each currency, which it includes in itself.After that you need to summarize all results. Otherwise, it does not work.

Yes, exactly, but something I cannot believe is that a person might has to analyze the tool consisting of 10 currencies. Do you think differently? =)

But how do they trade? Just randomly? What is the point of creating such tools?

Sure, there might be people who analyze their instruments. Professional forex traders that do it for sure. Of course, there will always be people that would poke at random.

Poking at random is for those who won’t mind losing their money or just trading for fun.

Well, but why? There are people who do not trade using fundamental analysis or analytics. They trade only with graphical analysis. Such people will be able to trade using even the most sophisticated instrument!

So why to create complicated instruments? Just make it simple.

For graphical analysis, there is no need to understand the instrument – only it’s behavior. Roughly speaking, they trade on patterns. If there two waves coming down, you use pattern123, which can say you where to enter the deal and put stop losses.

Hello IFC markets,

Im currently trading on your demo & it all seems good thanks. I intend to open a live account in future & would like to ask a couple of questions if I may, please bear in mind im completely new to broker's etc.

1) as a new trader I worry when I hear people talk about how brokers don't like winning customer's. How true is this statement?

2) how easy is it to withdraw profits from an IFC account? for example do your require paperwork to be posted beforehand such as ID documents or anything else. If so why can't profits be withdrawn online hassle free since upon opening an account you have all the details needed including ID, address etc. I ask because I came across a broker who wanted to be sent a copy of an up to date bank stament or utilty billl each time before any funds were withdrawn which is problematic since nowadays everything's done online...bank statements, utilty payments etc.

Thanks in advance.

Yet, I see no reason then to create such tools.For what?

You just forget why synthetic instruments are used on forex – for risk diversification. Tool will not significantly influence from any one of the components. The significance of the tool is already made up of many components, and even if a component jumps in price, others will make that jump milder and not significant.

Yes, got distracted by other issues with the main forgotten. Indeed, now I understand.

Have you tried to build pci geworko and trade with it or you are just interested?