RoboForex - roboforex.com

[Vlad RF]

RoboForex: changes in trading schedule (Columbus Day in the USA)

Dear Clients and Partners,​

We’re informing you that due to the Columbus Day in the USA, there will be some changes in the trading schedule*.

MetaTrader 4 / MetaTrader 5 platforms

Trading schedule on Metals (XAUUSD, XAGUSD) and CFDs on Crude Oil (WTI, Brent)

• October 12th, 2020 - trading stops at 7:45 PM server time.
• October 13th, 2020 - trading starts as usual.

Trading schedule on CFDs on US indices (US30Cash, US500Cash, USTECHCash)

• October 12th, 2020 - trading stops at 7:45 PM server time.
• October 13th, 2020 - trading starts as usual.

Trading schedule on CFDs on US stocks

• October 12th, 2020 – no trading.
• October 13th, 2020 - trading starts as usual.

R Trader platform

Trading schedule on US stocks and ETFs

• October 12th, 2020 – no trading.
• October 13th, 2020 - trading starts as usual.

Trading schedule on CFDs on US stocks and ETFs

• October 12th, 2020 – no trading.
• October 13th, 2020 - trading starts as usual.

Trading schedule on CFDs on US indices (US500, US30, NAS100)

• October 12th, 2020 – no trading.
• October 13th, 2020 - trading starts as usual.

Trading schedule on Metals (XAUUSD, XAGUSD) and CFDs on Crude Oil (BRENT.oil, WTI.oil)

• October 12th, 2020 - trading stops at 7:45 PM server time.
• October 13th, 2020 - trading starts as usual.

cTrader platform

Trading schedule on Metals (XAUUSD, XAGUSD)

• October 12th, 2020 - trading stops at 7:45 PM server time.
• October 13th, 2020 - trading starts as usual.

Please, take into account these changes in schedule when planning your trading activity.

* – This schedule is for informational purposes only and may be changed.

Sincerely,
RoboForex team

 

[Vlad RF]

Trading with Force Index of Alexander Elder

Author: Victor Gryazin

Dear Clients and Partners,​

In this overview, we will discuss the use of the Force Index. This indicator from the group of oscillators was designed and first applied to trading by a famous market expert Alexander Elder.

Description of the Force Index

The Force Index is an irregular oscillator that helps to estimate who is dominating the market – the bulls or the bears. As I have said, the indicator was designed by a famous trader, author, and the creator of the Elder’s Triple Screens strategy Alexander Elder.

The main task of the indicator is to estimate the dynamics of the price and show who is stronger in the market – the bulls or the bears. The indicator uses the following parameters:

• the direction of the price movement.
• the price change during a certain period.
• trade volume.

The Force Index gives us an idea of the market direction. If the line of the indicator is above 0, demonstrating another high, this means an uptrend and the dominance of the bulls. If the Force Index drops below zero, forming local lows, the market is in a downtrend, and the bears are ruling.

The Force Index is displayed in a separate window under the price chart and consists of one main line and the center zero level. Elder recommends D2 and D13 for short-term and medium-term trading, respectively. The Force Index is included in most trading platforms, MetaTrader 4 and MetaTrader 5 among them.

Force Index Indicator​

The Force Index calculation and setup

To add the Force Index to the price chart of a financial instrument in MetaTrader 4 or MetaTrader 5, open it via the Main Menu: Insert – Indicators – Oscillators – Force Index.

Elder recommended enhancing the results of the Force Index by averaging its values with an Exponential Moving Average (EMA).

Read more at R Blog - RoboForex

Sincerely,
RoboForex team

 

[RoboForex Contest]

Dear traders!

This week, the ContestFx project traditionally offers you these following contests:

The 115th competition of "Demo Forex" has been running since last Monday, .
The 280th competition of "Week with CFD" has just recently started.
413rd competition of "Trade Day" will start on 14.10.2020 at 12:00.
330th competition of "KingSize MT5" will start on 15.10.2020 at 20:00.

It does not take much effort and time to participate in our demo contests: you have to go through a simple registration procedure just once and then a whole range of our contests will be available to you in just a couple of mouse clicks.

Join Us!

Sincerely,
RoboForex Contest

 

[Vlad RF]

Emotional Intelligence: What is It and Why It is Important for Traders

Author: Timofey Zuev

Dear Clients and Partners,​

Speaking about psychological competences, important for a trader, I would first and foremost single out emotional intelligence. Under emotional intelligence, I understand the ability to distinguish and name your own and other people’s emotional states.

Why is emotional intelligence important for traders?

I suppose that many traders would like to “get rid of emotions” to avoid losses that emotions often cause. However, such ridding would make a person unable to make decisions. An ability to find your way in complicated social situations that are influenced by the “psychology of a crowd” (and a financial market is exactly such a situation) presumes not only the skill to single out patterns (graphic, statistical) from a mass of data but also to feel correctly the market sentiment. To a larger part, market sentiment is the information unavailable to algorithms (though there are attempts to create algorithms that would estimate market sentiment).

Putting things very simply, we might say that the price impulse, spurting from a range and supported by professional demand/supply, will provoke the stereotypical reaction of traders who will try to sell at “inflated” prices. As a result, the trend will further be moved mostly by the emotional reaction of short-term traders who would be closing their positions. A high level of emotional intelligence will let the trader detect such situations and react accordingly.

For sure, the main role of emotional intelligence is to detect your own emotions. If a person (trader) experiences some emotional state that they cannot recognize, this might distort the perception of the market and push out some important information. Simply speaking, the trader will start looking for reasons to make a trade (and find them). In contrast to a simple reactive action, when the trader moves the Stop Loss or “enjoys revenge” on the market, the process here is much more complicated and hard to detect. A trader with distorted perception of reality will be sure that their analysis has been objective, accounting for all necessary factors; alas, their attention will be focused very selectively.

That is why emotional intelligence is so important: it allows to realize your own emotional states in time and avoid distortions.

Main perceptual distortions in the market

1. The urge to trade in an inactive market (the trader tries to enter when it would be wiser to just wait).
2. The desire to go against a breakaway (escaping the range, the price will seem unlawfully “high” or “low”, so the trader will try to open a position, justifying it by “analysis”, drawing new lines and “channels”).
3. Avoiding trades and risks in times of extremely low volatility (usually before a breakaway).
4. Decreasing activity after a losing series.
5. Increasing activity after a profitable series.

I intentionally skip such types of behavior as increasing the lot significantly to win back your losses or make a certain amount of profit. We speak just about mental distortions, not the lack of self-control. When emotions exceed the “pain threshold” and rule one’s behavior, another mechanism that we are going to touch upon comes to the scene.

Most “bad” trades appear when the trader squeezes their perception into a narrow framework and becomes blind to important events and details.

Read more at R Blog - RoboForex

Sincerely,
RoboForex team

 

[Vlad RF]

RoboForex is named the “Most Transparent Asian Forex Broker”

Dear Clients and Partners,​

RoboForex has received the “Most Transparent Asian Forex Broker” award at the Global Forex Awards 2020 – Retail. Winners were announced on June 24th, 2020, in London.

Thank you for choosing us, investing together with us, and voting for us. We, in our turn, strive for constant improvement and continue providing our clients from all over the world with the most transparent trading conditions, cutting-edge platforms, quality analytics, 24/7 support, various bonus programs, and many other things.

Start trading​

Sincerely,
RoboForex team

 

[RoboForex Contest]

Dear traders!

This new week, the ContestFX project will offer you the following competitions on demo accounts:

The 115th competition of "Demo Forex" has gained momentum.
The 281st competition of "Week with CFD" has just kicked off.
The 414th competition of "Trade Day" will start on 21.10.2020 at 12:00.
The 331st competition of "KingSize MT5" will start on 22.10.2020 at 20:00.

Let us remind you that to connect to any contest of your choice, it's enough for you to go through a simple registration process. You can start trading on the Forex market with the funds you received as a prize and earn money without investing your own financial resources.

We wish you good luck!

Sincerely,
RoboForex Contest

 

[Vlad RF]

RoboForex: changes in trading schedule (revert to Standard Time and Unity Day)

Dear Clients and Partners,​

We’re informing you that on October 25th, 2020, the countries of the European Union will revert from Daylight Saving time to Standard time. In the USA, the same will happen on November 1st, 2020. As a result, the trading schedule is to be changed in the following way*.

In addition to that, due to the public holiday in Russia, Unity Day, USDRUB will be traded according to the changed schedule on November 4th, 2020.

MetaTrader 4 / MetaTrader 5 platforms

Trading schedule on Metals (XAUUSD, XAGUSD)

• From October 26th to November 1st, 2020, trading on Metals will be opened and closed 1 hour earlier than usual (server time).
  Trading session (server time): 12:05 AM - 10:59 PM.
• Starting November 2nd, 2020, Metals will be available for trading within the operating range of the contract specifications.

Trading schedule on CFDs on US indices

• From October 26th to November 1st, 2020, trading on CFDs on US indices will be opened and closed 1 hour earlier than usual (server time).
  Trading session (server time): 02:00 AM - 10:15 PM.
• Starting November 2nd, 2020, CFDs on indices will be available for trading within the operating range of the contract specifications.

Trading schedule on CFDs on oil (Brent and WTI)

• From October 26th to November 1st, 2020, trading on CFDs on oil will be opened and closed 1 hour earlier than usual (server time).
  Trading session (server time): 02:00 AM - 10:15 PM.
• Starting November 2nd, 2020, CFDs on oil will be available for trading within the operating range of the contract specifications.

Trading schedule on CFDs on American stocks

• From October 26th to November 1st, 2020, trading on CFDs on American stocks will be opened and closed 1 hour earlier than usual (server time).
  Trading session (server time): 03:31 PM - 09:59 PM.
• Starting November 2nd, 2020, CFDs on American stocks will be available for trading within the operating range of the contract specifications..

Trading schedule on USDRUB

• Starting October 26th, 2020, the USDRUB currency pair will be traded according to a new schedule.
  Trading session (server time): 09:00 AM - 5:30 PM.
• November 4th, 2020 - no trading.
• November 5th, 2020 - trading starts as usual.

R Trader platform

Trading schedule on US stocks, CFDs on US stocks, ETFs, and CFDs on ETFs

• Starting October 26th, 2020, trading on the above-mentioned instruments will be opened and closed 1 hour earlier than usual (server time).
  Trading session (server time): 03:31 PM - 09:59 PM.
• Starting November 2nd, 2020, CFDs on US indices will be available for trading within the operating range of the contract specifications.

Trading schedule on CFDs on US indices (US30, US500, NAS100)

• Starting October 26th, 2020, trading on CFDs on US indices will be opened and closed 1 hour earlier than usual (server time).
  Trading session (server time): 09:00 AM - 10:00 PM.
• Starting November 2nd, 2020, CFDs on US indices will be available for trading within the operating range of the contract specifications.

Trading schedule on CFD on Metals (XAUUSD, XAGUSD)

• From October 26th to November 1st, 2020, trading on CFDs on Metals will be opened and closed 1 hour earlier than usual (server time).
  Trading session (server time): 12:05 AM - 10:59 PM.
• Starting November 2nd, 2020, CFDs on Metals will be available for trading within the operating range of the contract specifications.

Trading schedule on CFD on oil (BRENT.oil and WTI.oil)

• From October 26th to November 1st, 2020, trading on CFDs on oil will be opened and closed 1 hour earlier than usual (server time).
  Trading session (server time): 02:00 AM - 10:15 PM.
• Starting November 2nd, 2020, CFDs on oil will be available for trading within the operating range of the contract specifications.

cTrader platform

Trading schedule on CFD on Metals (XAUUSD, XAGUSD)

• From October 26th to November 1st, 2020, trading on CFDs on Metals will be opened and closed 1 hour earlier than usual (server time).
  Trading session (server time): 12:05 AM - 10:59 PM.
• Starting November 2nd, 2020, CFDs on Metals will be available for trading within the operating range of the contract specifications.

Trading schedule on USDRUB

• Starting October 26th, 2020, the USDRUB currency pair will be traded according to a new schedule.
  Trading session (server time):09:00 AM - 5:30 PM.
• November 4th, 2020 - no trading.
• November 5th, 2020 - trading starts as usual.

Please, note that on October 30th, 2020, trading on all instruments in all platforms will be closed at 11:00 PM server time.

Please, take into account these changes in schedule when planning your trading activity.

* – This schedule is for informational purposes only and may be changed.

Sincerely,
RoboForex team

 

[Vlad RF]

How to Make Money on Cryptocurrencies?

Author: Andrey Goilov

Dear Clients and Partners,​

The crypto market has changed a lot. A couple of years ago, we used to enjoy a stable bullish trend; you could buy an asset and forget about it but for taking the profit. However, currently, you have to watch the market all the time; the “buy and hold” option must be becoming the past.

While the Bitcoin is somehow winning back its positions, other assets, such as the Ethereum, Litecoin, XRP, Bitcoin Cash, has not yet managed to begin a stable uptrend. In such circumstances, we have to use tech analysis of charts, buy and close positions more and more frequently.

There are several quite different ways of making money on cryptocurrencies, however, many are still sure that the best way is to trade digital assets.

Trading at the crypto exchange

What is a crypto exchange?

Crypto exchange is a platform where you can exchange one cryptocurrency for another. Also, you can trade an asset for a certain currency based on the actual price of the cryptocurrency. All in all, those are like normal exchanges only that you trade cryptocurrencies instead of stocks or indices. Here, traders also try to make money on the fluctuations of the exchange rates of cryptocurrencies.

Which crypto exchanges are there?

Presently, there are several types of crypto exchanges. All of them have their characteristic features.

• Traditional trading platforms. Here, exchange players make operations by the current market prices, while the exchange acts as a broker, charging market players a commission fee for each operation.
  
  
• Direct access trading. On such exchanges, market players exchange assets directly. However, the prices are not market: buyers and sellers set their prices themselves. The exchange, in its turn, charges a commission fee for operations.
  
  
• Crypto exchanges. Such exchanges allow trading a lot of instruments. All operations happen between the buyer, seller, and the exchange. The latter charges commission fees for all operations.

Centralized and decentralized exchanges

Many users are not quite fond of centralized exchanges. Vitalik Buterin has frequently voiced his support to decentralized exchanges while the centralized approach is generally against the crypto philosophy. On the other hand, centralized exchanges offer high liquidity, thanks to which the speed of operation will be much higher.

However, such platforms have their weak points, such as security. They suffer from hacker attacks rather often, imposing large losses on users. This made centralized exchanges really serious about the identification of users.

Decentralized exchanges do not require personal information or identification. Liquidity on such platforms is much lower; they also lack common facilities of classic trading, such as leverage, limit orders, or a comfortable trading platform.

Read more at R Blog - RoboForex

Sincerely,
RoboForex team

 

[Vlad RF]

NASDAQ-100: How to Invest or Trade the Index

Author: Maks Artemov

Dear Clients and Partners,​

In this overview, we will get acquainted with a popular stock index NASDAQ-100. This is the index of high-tech companies that is one of the top-three US indices.

History of NASDAQ stock exchange

The NASDAQ (National Association of Securities Dealers Automated Quotation) stock exchange is one of the leading US exchanges; it was founded in 1971 and specializes in the stocks of high-tech companies. The name of the exchange is the abbreviation of the name of a quotation system that was used for identifying the quotations of stocks and other calculations were carried out.

The exchange was “born” as early as 1939, right after the enactment of a law that made all brokers who were out of functioning exchanges, unite in self-regulated institutions. This is how the NASD (National Association of Securities Dealers) was created. It united the participants of the US OTC stock market.

Nowadays, NASDAQ is one of the largest world exchanges. It specializes in operations with the stocks of high-tech and software development companies. NASDAQ lists the stocks of more than 4,000 companies; also, it calculates stock indices for different sectors of the economy.

Popular NASDAQ indices

Based on the stocks traded in NASDAQ, a whole range of stock indices in different sectors of the economy is calculated, such as NASDAQ Composite, NASDAQ Bank Index, NASDAQ Computer, NASDAQ -100, NASDAQ Biotechnology, and more. Let us discuss three popular indices:

NASDAQ Composite

This is the very first index that appeared in NASDAQ: it is based on the growth of all companies listed in the exchange. NASDAQ Composite is calculated by the method of weighted market capitalization. This means that the largest companies traded in the exchange influence the final result more than others.

This might be the main composite index of NASDAQ. The popularity of the index was somewhat deteriorated by the so-called “dotcom collapse” - the swift falling of the computer and IT market in 2000-2001. As a result, the index slumped and could not restore for a long time, so that NASDAQ-100 became the most attractive index.

NASDAQ-100

This index that appeared in 1985 is a modified weighted index tracking more than 100 largest non-financial companies of NASDAQ. It is often interpreted as a “tech” index because of the presence of such companies in it.

NASDAQ-100 includes such giants as Amazon, Apple, Tesla, Alphabet (Google), Facebook, Cisco, Intel, Microsoft, Adobe, Netflix. Almost all the companies in the index feature innovations, speedy growth, global attractiveness, and liquidity. All this made NASDAQ-100 a kind of a “barometer” of the high-tech sector and a popular financial instrument .

NASDAQ Biotechnology

This is a younger but still popular index that includes the stocks of biotech and pharmaceutical companies in NASDAQ. Currently, the index includes stocks of over 200 companies. Being a weighted index in terms of capitalization, NASDAQ Biotechnology has been estimating the situation in US medicine and healthcare since 1993.

Trading strategies in NASDAQ-100

As noted above, NASDAQ-100 is one of the largest world stock indices, popular among traders and investors. It can be traded by various financial instruments: futures, special funds, CFDs – depending on your broker. Have a look at the main strategies:

Long-term trading – investing

This must be the most popular strategy of trading NASDAQ-100. The main principle is as follows: wait for a correction and buy the index at the beginning of a new wave of growth as we expect it to renew the highs. This is quite a simple strategy but you have to be patient to let your profit grow to the desired level.

For example, you could by NASDAQ-100 in March this year, at the falling of stock indices provoked by the coronavirus epidemics. Winding up the decline, the index reversed upwards and in six months renewed its all-time high, almost doubling its quotation from the year’s lows.

Of course, we should remember that the growth was rather abnormal, explained by a huge money inflow from the Fed. In normal circumstances, you have to wait longer.

Medium- and short-term trading

As a rule, such trading requires leverage. Short-term trading presumes holding a position for one or several days; medium-term trading – from a day to several months. Swing-trading, day-trading, scalping – all these types of trading can be used for NASDAQ-100.

Apart from stock market news, your decisions should be based on tech analysis. Support/resistance levels and lines, price patterns, candlestick combinations, Price Action patterns, indicators – all these means help find good trading opportunities.

Read more at R Blog - RoboForex

Sincerely,
RoboForex team

 

[RoboForex Contest]

Dear traders!

This week, the ContestFx project is traditionally waiting for you in the following competitions:

The 115th competition of "Demo Forex" has entered the "homestretch" phase.
The 282nd competition of "Week with CFD" has just started.
At 12:00, October 28th, 2020, starts the 415th competition of "Trade Day".
At 20:00, October 29th, 2020, starts the 332nd competition of "KingSize MT5".

Participation in any of our contests is completely free, and with the funds given as a prize, our winners can trade and earn money on the Forex market without investing their own funds.

Good luck to all traders!

Sincerely,
RoboForex Contest