INSTAFOREXNG will give you a simple way to learn some basics on the Forex market. You don't need to buy books and courses. All you just need is to register for an account at www.instaforex.com.ng to join for free training that is coming up from 16 july 2010.
INSTAFOREXNG will show you some of the basic fundamentals of the FX market and is important before you start trading. Even if you are going to use an automated or semi automated trading platform, you need the basics down. It will make you a better trader.
Some forms of free training like at seminars and ebooks should be avoided. They are used to try to hook you. You get the free information and then are bombarded with sales information.
Free seminars are the worst. They provide little substance. They're high pressure sales events. Many people go to them out of curiosity and end up with an empty wallet when they leave.
Infomercials will offer cheap trials for their products. Don't use these either. Pretty much all of them will have a back end sale that will claim that you need it to really make it in Forex trading. These product can cost hundreds of dollars and will do little to make you a profitable Forex trader.
Instaforexng has prepare best free Forex training for an account holder.We are filled with great training information.
Instaforexng information is fine for getting started. However, you will need to open an account before you will join our free Forex training.
REGISTER NOW AT www.instaforex.com.ng
Wednesday, June 30, 2010
Tuesday, June 22, 2010
WHILE WE WAIT FOR INSTAFOREX FREE TRAINING PROGRAM.
InstaForex announces the launch of the new super campaign “The Fast Ride from The Best Broker”
International online Forex broker InstaForex Company declares new super action for traders “The Fast Ride from The Best Broker”. Within the campaign the flagman of model range of the famous British automaker Lotus Cars - the up to the minute roadster of 2010 – Lotus Evora will be drawn!
"The Fast Ride from The Best Broker" campaign is held from 1 June 2010 to 25 May 2012. Thus, at the beginning of summer 2012 one of the participants of the action «The Fast Ride from The Best Broker” will receive the keys to Lotus Evora.
The owner of Lotus Evora will be determined by transparent algorithm using so-called Lotus-number.
To take part in the drawing of Lotus Evora it is necessary to fulfill the main condition of the campaign – deposit not less than 1000.00 USD to your trading account with InstaForex Company and fill in the application at the registration PAGE on the official website of InstaForex Company.
You can open as many accounts as you want with the starting deposit of $1000 and rise your chances to win in two, three, five times!
All you need is to continue your usual work at Forex market with the best trading conditions of InstaForex Company, to gain profit and wait for lucky Lotus-number, which perhaps will make you the owner of new sport car Lotus Evora.
We remind you that the drawing of Lotus Evora within the campaign «The Fast Ride from The Best Broker” is the third car drawing within the series of contests and campaigns of InstaForex Company following the drawings of Hummer H3 and Lotus Elis.
You can look through the detailed information about the campaign terms and conditions at the campaign's page.
The action «The Fast Ride from The Best Broker” is held within the series of contests and campaigns of InstaForex Company with total annual prize fund more than 500 000.00 USD. If you are InstaForex client, you can become the owner of a part of this sum or get one of autos Lotus Evora or Lotus Elise!
Speed of trading with InstaForex, speed of movement with Lotus!
International online Forex broker InstaForex Company declares new super action for traders “The Fast Ride from The Best Broker”. Within the campaign the flagman of model range of the famous British automaker Lotus Cars - the up to the minute roadster of 2010 – Lotus Evora will be drawn!
"The Fast Ride from The Best Broker" campaign is held from 1 June 2010 to 25 May 2012. Thus, at the beginning of summer 2012 one of the participants of the action «The Fast Ride from The Best Broker” will receive the keys to Lotus Evora.
The owner of Lotus Evora will be determined by transparent algorithm using so-called Lotus-number.
To take part in the drawing of Lotus Evora it is necessary to fulfill the main condition of the campaign – deposit not less than 1000.00 USD to your trading account with InstaForex Company and fill in the application at the registration PAGE on the official website of InstaForex Company.
You can open as many accounts as you want with the starting deposit of $1000 and rise your chances to win in two, three, five times!
All you need is to continue your usual work at Forex market with the best trading conditions of InstaForex Company, to gain profit and wait for lucky Lotus-number, which perhaps will make you the owner of new sport car Lotus Evora.
We remind you that the drawing of Lotus Evora within the campaign «The Fast Ride from The Best Broker” is the third car drawing within the series of contests and campaigns of InstaForex Company following the drawings of Hummer H3 and Lotus Elis.
You can look through the detailed information about the campaign terms and conditions at the campaign's page.
The action «The Fast Ride from The Best Broker” is held within the series of contests and campaigns of InstaForex Company with total annual prize fund more than 500 000.00 USD. If you are InstaForex client, you can become the owner of a part of this sum or get one of autos Lotus Evora or Lotus Elise!
Speed of trading with InstaForex, speed of movement with Lotus!
Sunday, June 20, 2010
Arbitrage on Forex
The arbitrage concept means several ‘buy’ or ‘sell’ deals in order to profit from unequal prices of the same or resembling assets at the same time in different markets or in one market, but at different times.
Also there is the concept as Forex arbitrage. It is ‘buy’ or ‘sell’ operations made by a trader and a required further reverse deal for the purpose of making profit.
Controlling its risk, Forex arbitrage can be very beneficial. The meaning of Forex arbitrage is following: profit is made by mean of buying/selling of financial instruments at different times. In addition, a trader has opportunity to complete financial transaction in different market. Forex arbitrage means obligatory making both buy/sell deal in Forex and a reverse operation, which will bring a profit.
There are several types of arbitrage available. It is simple arbitrage, which involves using of just two currencies and a complicated type, which involves trading with three and more currencies.
Depending on what profit one can make there are following types of arbitrage:
- Temporary arbitrage is the most accepted type of arbitrage. Its meaning is in quotes difference of currency pairs at different times. The temporary arbitrage can be of two kinds:
1. “Purchase-Sale”. A trader buys a currency at a lower price in order to sell it at a higher price and get profit.
2. “Sale-Purchase”. Trader sells currency at higher price in order to buy at lower price in the future.
- Crossing arbitrage is one of the most complicated types of arbitrage. During the crossing arbitrage simultaneous synchronous exchange rates changing takes place in two pairs. Such cross-imbalances appear in Forex all the time.
- Intermarket arbitrage occurs in case of if you want to earn on exchange rates difference in different currency markets.
However, the using of Forex arbitrage is not always profitable, as in today’s conditions exchange rates in various exchanges do not differ often that does not allow traders to obtain additional profit.
The main essence of arbitrage is the complication of fixed-date buy/sell deals of currency options. The option must be executed without fail and its conditions depend on its type and the conditions of the contract.
In general, the choice of strategy depends on many factors related to each other, which trader must consider during the trading.
InstaForex Advantages
The advantages we offer are the trading terms we give our customers.
Forex trading instruments
Using InstaForex gives you the opportunity to work with 107 currency tools, 34 CFD contracts on American shares, as well as to handle GOLD transactions and also renders ECN-broker services. We provide competitive and effective spreads for each tool, in order to create comfortable conditions for our clients.
Deposit size
We offer traders the opportunity to work on the money market regardless of the size of the working capital. You simply choose the most comfortable working conditions that suit your deposit and start trading on the Forex market. You can begin working with a deposit of any size, — $10 or $1000 — accurately increasing it in order to cross over to bigger investments for increased profit. Most of our clients began as new traders with a $10 deposit, and have developed into professional traders with thousands of dollars. And now you may do the same!
Leverage
You can choose any leverage from 1:1 up to 1:1000 depending on the risk management strategy you use when trading. Should you be a long term trader who abides by conservatism when it comes to capital management, then a 1:100 leverage is for you. But if you are an aggressive type of daytime trader, then a 1:1000 leverage may become your irreplaceable profit tool.
Trading at Forex without a spread
InstaForex provides great opportunities for their clients. You don’t need a spread to work on the money market now! This gives new and professional traders even more possibilities! Trading without spreads makes the trading process easier to understand visually, and makes more effective use of technical analysis when accepting trading solutions.
The best swaps among all other companies
InstaForex Company offers the most competitive swaps, refusing from the standard system of making profit with a spread against the client. Instaforex Company is the first one which introduces the EQUAL swap system with sell and buy deals. The swap-accrual in a BUY deal is always equal to the swap-accrual in a SELL deal. The company doesn't take the commission for the swap, as a result the client doesn't overpay, holding the deals more than several hours - in case, when opened positions with a currency instrument are opened by midnight.
Ready assets interest charge
All types of account are charged a 13% annual interest rate. The interest is calculated on sum not used in trading. InstaForex customers need not worry that their profit will be decreased due to inflation. InstaForex creates its own reality, and pays 13% annual interest rates to customer accounts at the end of each month!
Quality of Service
Our specialists offer technical customer support 24/7. Even if you are using a demo-account, you can count on expert advice and get answers to all the questions you may have, until you become experienced enough to start working with a real account. The main goal of our customer support service, in our eyes, is politeness and effectiveness when dealing with customers.
How to Learn Forex Trading?
To trade successfully on Forex market you have to learn the theory of Forex trading and gain practical knowledge while trading on demo account. There is some essential Forex education which is required for everyone who wants his trades to be profitable. But self-education shouldn’t end on these basic learning, one should continue to study new Forex techniques whenever he has time to learn, because knowledge and practice are the cornerstones of the successful Forex trading.
There are many Forex e-books available in the Internet, but I don’t recommend buying any of them, because the best e-books about Forex trading are available for free and can be accessed by anyone. Here is the list of the best books recommended for everyone who wishes to learn Forex trading:
* Introduction to Forex — is a basic Forex e-book by 1st Forex Trading Academy. It will introduce all basic concepts of Forex trading to you and will teach you the fundamentals of Forex market. It is a must-read book if you are beginner in Forex.
* The Law of Charts — introduces the basics of Forex charts, shows the important chart formations. You will learn how to recognize real trading patterns and false chart figures.
* Trade Your Way to Financial Freedom — a Forex book by Van K. Tharp that explains almost every aspect of the financial trading. You can find a lot of information about trading, which will enable you to earn a sustainable income.
* Reminiscences of a Stock Operator — a famous book by Edwin Lefevre which tells a story of one of the most successful financial trader in the history of Wall Street. This e-book is full of trading examples and in fact it is one of the best reads I’ve ever had.
* The Original Turtle Trading Rules — this book literally tells you the rules of successful Forex trading. You will find out about possible pitfalls before falling in them yourself. It is always good to learn from someone experienced.
Further learning can include practicing your skills on your Forex broker’s demo account — you’ll get essential experience in using techniques from the e-books you have read or your own developed trading strategies. Demo account makes it easy, because you don’t lose any money and you are free to try anything you want. Professional Forex traders test their trading systems on demo accounts first before using them on real money accounts.
Visit INSTAFOREX For Free Learning.
There are many Forex e-books available in the Internet, but I don’t recommend buying any of them, because the best e-books about Forex trading are available for free and can be accessed by anyone. Here is the list of the best books recommended for everyone who wishes to learn Forex trading:
* Introduction to Forex — is a basic Forex e-book by 1st Forex Trading Academy. It will introduce all basic concepts of Forex trading to you and will teach you the fundamentals of Forex market. It is a must-read book if you are beginner in Forex.
* The Law of Charts — introduces the basics of Forex charts, shows the important chart formations. You will learn how to recognize real trading patterns and false chart figures.
* Trade Your Way to Financial Freedom — a Forex book by Van K. Tharp that explains almost every aspect of the financial trading. You can find a lot of information about trading, which will enable you to earn a sustainable income.
* Reminiscences of a Stock Operator — a famous book by Edwin Lefevre which tells a story of one of the most successful financial trader in the history of Wall Street. This e-book is full of trading examples and in fact it is one of the best reads I’ve ever had.
* The Original Turtle Trading Rules — this book literally tells you the rules of successful Forex trading. You will find out about possible pitfalls before falling in them yourself. It is always good to learn from someone experienced.
Further learning can include practicing your skills on your Forex broker’s demo account — you’ll get essential experience in using techniques from the e-books you have read or your own developed trading strategies. Demo account makes it easy, because you don’t lose any money and you are free to try anything you want. Professional Forex traders test their trading systems on demo accounts first before using them on real money accounts.
Visit INSTAFOREX For Free Learning.
Forex Regulations in Nigeria
Some countries regulate the Forex trading market carefully restricting and limiting the brokers’ activity. This allows for a safer trading for the customers, but it also closes out the market for other brokers damaging the competition — making it so that the remaining Forex brokers offer quite a low level of services.
In Nigeria Forex isn’t overregulated; according to the foreign exchange manual issued by the Central Bank of Nigeria in November 2006 everyone can participate in the foreign currency exchange activities as long as they are conducted via the banks or brokers registered with such banks (authorized dealers).
Spot Forex market (the one that is use for on-line leveraged trading where actual currencies are not delivered) faces even less restrictions and regulations from the Nigerian government. Unlike U. S. there is no a regulating body for such Forex brokers, so any legal company with a registration in Nigeria or some other country can accept traders from Nigeria.
This makes the Nigeria Forex brokerage industry a free and open market allowing the residents of Nigeria to choose from very many on-line Forex brokers. Unfortunately such variety brings in certain dangers — there are many scam brokers that seek to steal traders’ money and there are also brokers that claim to be offering excellent services but in reality offer nothing more than high spreads and some poor trading platform. So, a great care should be applied in choosing a Forex broker — it is a good idea to select only those brokers that were checked by the experienced traders and are known for their quality. A good and honest Forex brokers rocomend by Nigeria Forex Trader is INSTAFOREX, so you could easily start trading without having to do your own due diligence on any broker.
It is possible, that in the near future, Nigerian government will change the way of Forex market regulation. If more problems will be encountered by the Nigerian citizen, government can introduce some institute to register and regulate all Forex brokers. If this happens, the brokerage market will be very limited for a period of time. But until this happens, residents of Nigeria can enjoy the completely free Forex trading.
In Nigeria Forex isn’t overregulated; according to the foreign exchange manual issued by the Central Bank of Nigeria in November 2006 everyone can participate in the foreign currency exchange activities as long as they are conducted via the banks or brokers registered with such banks (authorized dealers).
Spot Forex market (the one that is use for on-line leveraged trading where actual currencies are not delivered) faces even less restrictions and regulations from the Nigerian government. Unlike U. S. there is no a regulating body for such Forex brokers, so any legal company with a registration in Nigeria or some other country can accept traders from Nigeria.
This makes the Nigeria Forex brokerage industry a free and open market allowing the residents of Nigeria to choose from very many on-line Forex brokers. Unfortunately such variety brings in certain dangers — there are many scam brokers that seek to steal traders’ money and there are also brokers that claim to be offering excellent services but in reality offer nothing more than high spreads and some poor trading platform. So, a great care should be applied in choosing a Forex broker — it is a good idea to select only those brokers that were checked by the experienced traders and are known for their quality. A good and honest Forex brokers rocomend by Nigeria Forex Trader is INSTAFOREX, so you could easily start trading without having to do your own due diligence on any broker.
It is possible, that in the near future, Nigerian government will change the way of Forex market regulation. If more problems will be encountered by the Nigerian citizen, government can introduce some institute to register and regulate all Forex brokers. If this happens, the brokerage market will be very limited for a period of time. But until this happens, residents of Nigeria can enjoy the completely free Forex trading.
Forex Trading in Nigeria
Forex is a short form for the FOReign currencies EXchange market. It is one of the most liquid markets in the world, while being the largest financial market (daily average volume is about $3,2 trillion according to BIS report). Forex traders buy and sell various world currencies in order to gain profit on the currency’s price change.
The most traded currency pairs (major pairs) are EUR/USD (euro for U.S. dollar), GBP/USD (Great Britain pound for U.S. dollar), USD/JPY (U.S. dollar for Japanese yen) and EUR/JPY (euro for Japanese yen).
Forex trading is now accessable to everyone via on-line Forex brokers, which allow trading with almost any amount of money and on a very large variety of international currencies.
In Nigeria, Forex trading is becoming more and more popular. It attracts purposeful and educated young people with the opportunity of earning profits via on-line activity. And if in the past times Nigeria was considered a poor state with no interest to Forex trading firms, now Forex brokers are gladly accepting Nigerian Forex traders.
But Forex should not be considered as the ’easy money’; to trade profitable and earn a sustainable income trader must learn and practice. To many beginning traders’ relief there are many good educational materials in the Internet and the majority of them are free. Learning Forex can be a long process, but can be also fun and interesting.
The most traded currency pairs (major pairs) are EUR/USD (euro for U.S. dollar), GBP/USD (Great Britain pound for U.S. dollar), USD/JPY (U.S. dollar for Japanese yen) and EUR/JPY (euro for Japanese yen).
Forex trading is now accessable to everyone via on-line Forex brokers, which allow trading with almost any amount of money and on a very large variety of international currencies.
In Nigeria, Forex trading is becoming more and more popular. It attracts purposeful and educated young people with the opportunity of earning profits via on-line activity. And if in the past times Nigeria was considered a poor state with no interest to Forex trading firms, now Forex brokers are gladly accepting Nigerian Forex traders.
But Forex should not be considered as the ’easy money’; to trade profitable and earn a sustainable income trader must learn and practice. To many beginning traders’ relief there are many good educational materials in the Internet and the majority of them are free. Learning Forex can be a long process, but can be also fun and interesting.
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