BTC USD 81,256.1 Gold USD 4,030.56
Time now: Jun 1, 12:00 AM

FX GLORY - fxglory.com

GBP/CHF has been stopped during its ascend from the bottom price of 1.48200 by reaching to the descending trend line and recorded the top price of 1.51100. Right now this top price is fixed by the descending candle in 29th days. The drawn descending trend line in daily time frame had prevented from ascending of price three times, and finally the price after each encountering with the descending trend line faced a downfall.

Stoch indicator in daily time frame shows the possibility of descending of the price according to the next cycle. In weekly time frame of this currency pair the price has been stopped from more descend with the formation of the bottom price of 1.48200 on ascending trend line (the third point of ascending trend line). Stoch indicator is in saturation sell area in this time frame and warns the possibility of ascending of the price during next weeks. Until the third point of ascending trend line is preserved, there is the possibility of increase and ascend of price. The first important warning for ascending of the price is the formation of a bottom price in daily time frame and breaking of the descending trend line.

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Scalping Rules

A comprehensive definition of scalping from FxGlory.com
Scalping is a crucial issue among Forex traders which most of our clients ask many questions about it. It is very necessary for clients to know the transparent rules of our company about scalping.

The clients are obliged to read and follow the below rules :

1. The common rule is that, the profit or loss of those positions which are ordered by the client during the volatility time of the market will be cashed just if the positions are connected to the Bank. Opening or closing a position in the MT4 platform is not enough.

2. Closing and opening a position in a short period of time on volatility time of the market or on important economic news is not acceptable. Because on volatility time of the market, the Meta trader software is not able to connect the orders to the bank. The order can be connected to the bank only when the market movements are stable, at least for some seconds.

3. Setting pending orders near to the market price,5 minutes before or after important economic news, is not acceptable. Basically because these kinds of order are ready to be opened. But they could not be opened when the price was not able to reach the determined level for the pending order. Therefore, in some cases, the price of pending orders is not stable and quickly distance from the ordered price. This means that the order was not able to be connected to the bank.

4. Setting sell stop/ buy stop orders near the time of closing of the market is not allowed. Because when the market opens on Monday, it has a gap and therefore, it causes the activation of the pending orders which these orders are not able to connect to the bank.

5. Setting two hedged positioned with small stop loses in closing time of the market is not allowed. Because stop loss is not guaranteed in stop loss.


Therefore,
Scalping is acceptable for those legal trades which are not on important economic news and in the stable situation of the market. The position which is opened and closed in few seconds will be acceptable if the bank confirms the orders.

Attention: FxGlory Company reserves the right to protect the benefits of itself and its clients. Therefore, the company will not calculate the profit or loss of those orders which are not connected to the bank.
 
Leverage Conditions

Leverage rules for FxGlory clients
From 2 of July 2012, the amount of leverage is according to the below table. This leverage will be applied on the accounts automatically. For example, the balance of your account is 950$ and you have the leverage of 1:3000. This leverage will decrease to 1:2000, when the balance of your account reaches 1000$.
Equity, USD Maximum leverage

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Leverage rules:
Please read the rules of the leverage cautiously.
This leverage is applied for all clients but there are some exceptions:
1. This leverage cannot be applied before important economic news. Therefore, the brokerage reserves the right for itself to decrease the leverage for those clients who trade on the news. If a client uses the above leverage before or on economic news, the company will remove those trades which will not connect to the bank.
2. The company will remove every high volume order before closing time of the market, if it is proved for the company that the client wants to misuse the gap in opening time of the market.
3. Generally, the leverage is for the normal situation of the market and honest traders. If a client violates from the above rules, his orders will be removed from his account.
It is the duty of the client to consider the rules of this page time to time. If the company changes any rule, the client will be informed through the inner email of meta manger terminal
 
FxGlory Promotions

FxGlory gives 50% bonus for each deposit automatically for limited time again.
Please read bonus rules before depositing any amount of money

From 2012/08/07 our bonus rules have been changed to the below conditions:

The maximum amount of bonus will be 1000$. It means that a client cannot have more than 1000$ in his account. For more clarification, please pay attention to the example below:

Balance: 00.0 $
Credit: 00.0 $
Deposit Amount: 1000 $
Bonus: 500$
Credit will be 500 $
---------------------------
Balance: 1000.0 $
Credit: 500.0 $
Deposit Amount: 2000 $
Bonus: 500 $
Credit will be 1000 $
---------------------------
Balance: 3000.0 $
Credit: 1000.0 $
Deposit Amount: 1500 $
Bonus: 0 $
Credit will not change

It is necessary to mention that the company will not remove the credit of those clients who has got more than 1000$ before applying the new rules and they can continue using their credit.

The condition of withdrawing the bonus:
To withdraw each 1.5$ of the bonus, the client should trade 1 standard lot. The bonus is withdraw-able, when the client trade specific number of lots. The client cannot withdraw a part of the bonus (Either all bonus or nothing).

Bonus rules:
1. Each client should have just one (1) account, if client have more than one account, all of them will be blocked.

2. The broker reserves the right to remove the bonus without giving any notice if a client misuses the given bonus.
( the bonuses are promotions from the broker and it's not reserve a right to anyone to declare their property)

3. The clients who use our promotions and get the bonus, their orders must be legal and normal for withdrawing of their profit. For example a client is not able to request withdrawal just after depositing and making one order (except in special cases which the order is correct and legal according to the broker recognition). So the client must trade in specified number of trades and specified intervals for withdrawing.

The method for figuring out that how the client is able to withdraw his/her profit after depositing:
After the last deposit, there must be minimum 6 trades with the minimum intervals of 30 minutes with this condition which "all of the trades’ volume” must be more than “30% of the largest trade volume”.


Some of the violation terms:

Using the bonus for hedging with another account, in our broker or in another broker. Proving of hedging is an easy job by using some specific parameters, and it is not necessary to give the trader any explanation about it. If it is proved for the brokerage that a client used hedging methods, his trading account would be blocked.

The clients who use legal trading methods can easily use the bonus and therefore decrease the risk of trading. If a client has an open order, he can use 100% of his bonus. On the other hand, if a client doesn't have an open order and used 80% of the bonus, the rest of the bonus will be removed from his account.

The broker reserves the right to remove the bonus of the suspicious accounts without giving any notice.

The brokerage does not give any commission to its IBs on those trades which are done by using the bonus.

The broker will announce the end of this promotional plan in this page.
 

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