RoboForex - roboforex.com

[Vlad RF]

RoboForex: changes in trading schedule (International Women's Day and switch to Daylight Saving Time)

Dear Clients and Partners,​

We’re informing you that due to the public holiday in Russia on March 8th, 2021, International Women's Day, USDRUB will be traded according to the changed schedule*.

In addition to that, on March 14th, 2021, the USA will transfer to the daylight saving time, while European countries will switch to the summer time on March 28th, 2021. Thereby, there will be more changes to the trading schedule*.

MetaTrader 4 / MetaTrader 5 platforms

Trading schedule on CFDs on US indices (US30Cash, US500Cash, USTECHCash) and oil (Brent, WTI)

• From March 15th to 26th, 2021, trading on CFDs on US indices and oil will be opened and closed 1 hour earlier than usual (server time).
  Trading session (server time): 02:00 AM - 10:15 PM.
• Starting from March 29th, 2021, CFDs on indices and oil will be available for trading within the operating range of the contract specifications.

Trading schedule on Metals (XAUUSD, XAGUSD) and CFDs on the JP225Cash index

• From March 15th to 26th, 2021, trading on Metals and CFDs on the JP225Cash index will be opened and closed 1 hour earlier than usual (server time).
  Trading session (server time): 12:05 AM - 10:55 PM.
• Starting from March 29th, 2021, Metals and CFDs on the JP225Cash index will be available for trading within the operating range of the contract specifications.

Trading schedule on CFDs on US stocks

• From March 15th to 26th, 2021, 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 from March 29th, 2021, CFDs on American stocks will be available for trading within the operating range of the contract specifications.

Trading schedule on USDRUB

• March 8th, 2021 – no trading.
• Starting from March 29th, 2021, the USDRUB currency pair will be traded according to a new schedule.
  Trading session (server time): 10:00 AM - 6:30 PM.

Please, note, that on March 19th and 26th, 2021, trading on all instruments, including Cryptocurrencies, will be closed at 11:00 PM server time. In addition to that, from March 15th to 26th, 2021, there might be short quoting stoppages on behalf of liquidity providers during the interval between 10:00 PM and 12:30 AM server time.

R Trader platform

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

• From March 15th to 26th 2021, trading on US stocks and ETFs, CFDs on US stocks and ETFs will be opened and closed 1 hour earlier than usual (server time).
  Trading session (server time): 03:30 PM - 10:00 PM.
• Starting from March 29th, 2021, US stocks and ETFs, CFDs on US stocks, and ETFs will be available for trading within the operating range of the contract specifications.

Trading schedule on CFDs on oil (BRENT.oil, WTI.oil)

• From March 15th to 26th, 2021, trading on CFDs oil will be opened and closed 1 hour earlier than usual (server time).
  Trading session (server time): 02:00 AM - 10:15 PM.
• Starting from March 29th, 2021, CFDs on oil will be available for trading within the operating range of the contract specifications.

Trading schedule on Metals (XAUUSD, XAGUSD)

• From March 15th to 26th, 2021, trading on Metals will be opened and closed 1 hour earlier than usual (server time).
  Trading session (server time): 12:05 AM - 10:55 PM.
• Starting from March 29th, 2021, Metals will be available for trading within the operating range of the contract specifications.

Trading schedule on USDRUB

• March 8th, 2021 – no trading.
• March 9th, 2021 – trading starts as usual.

Trading schedule on all currency pairs

• From March 15th to 26th, 2021, trading will be stopped for an interval 1 hour earlier than usual (server time).
  Interval period (server time): 11:00 PM - 11:15 PM.
• Starting from March 29th, 2021, currency pairs will be available for trading within the operating range of the contract specifications.

Please, note, that on March 19th and 26th 2021, trading on all instruments, including Cryptocurrencies, will be closed at 11:00 PM server time.

cTrader platform

Trading schedule on all currency pairs

• From March 15th to 26th, 2021, trading will be stopped for an interval from 10:55 PM to 11:05 PM (server time).
• Starting from March 29th, 2021, currency pairs will be available for trading within the operating range of the contract specifications.

Trading schedule on Metals (XAUUSD, XAGUSD)

• From March 15th to 26th, 2021, trading on Metals will be opened and closed 1 hour earlier than usual (server time).
  Trading session (server time): 12:05 AM - 10:55 PM.
• Starting from March 29th, 2021, Metals will be available for trading within the operating range of the contract specifications.

Please, note, that on March 19th and 26th, 2021, trading on all instruments will be closed at 11:00 PM server time. In addition to that, from March 15th to 26th, 2021, there might be short quoting stoppages on behalf of liquidity providers during the interval between 10:00 PM and 12:30 AM 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 by the provider.

Sincerely,
RoboForex team

 

[RoboForex Contest]

Dear traders!

This week, the RoboForex company's project called ContestFx offers you the following competitions on demo accounts:

The 120th competition of "Demo Forex" is gaining "speed".
The 300th competition of "Week with CFD" has just kicked off this morning.
433rd competition of "Trade Day" will start on 10.03.2021 at 12:00.
349th competition of "KingSize MT5" will start on 11.03.2021 at 20:00 .

Let us remind you that now it is easy to become a participant in our exciting competitions - just go through a simple registration procedure and then you can participate in any of your desired competitions with just a couple of mouse clicks.

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

Sincerely,
RoboForex Contest

 

[Vlad RF]

How Should a Beginner Prepare a Trading Plan?

Author: Victor Gryazin

Dear Clients and Partners,​

In this overview, we will discuss preparing trading plans. A trading plan helps evaluate the current market situation and make the trader’s plans come to life.

What is a trading plan necessary for?

A trading plan is something like a road map for traders. Based on the trading strategy that you use, a trading plan formulates existing trading opportunities and promising trades. Promising trades are those that have a high probability of a success; they are made in the right place, at the right time, with a moderate risk and a good potential profit.

A trading plan must describe your trading ideas, your analysis of the current situation in detail. It makes a “picture” of your view on the market on paper (or in a file). On the whole, successful analysis and a correct opinion about the market do not guarantee good trading by themselves, however, your current thoughts can show you the field where you can look for trading ideas.

Having a clear and easy-to-understand trading plan, a trader stops making chaotic emotional trades. They are no more a helpless wood chip on market waves. They set their sails and starts off towards their profit, finding and closing promising trades. Thanks to the plan their trading becomes more efficient.

Step 1: Technical picture

To evaluate the technical picture in an instrument, we use good old tech analysis. Open the chart of your financial instrument, check several timeframes (starting with larger ones and going down to smaller ones), and mark all the important factors:

• Trend direction, trend lines
• Support and resistance levels
• Tech analysis patterns
• Additional signals: Fibonacci levels, candlestick combinations, Price Action patterns, various original methods.

After you have marked everything on the chart, find suitable entry points on it by your strategy. Choose signals based on which you will open your position: a breakaway of or a bounce off an important level, exiting a price range, a complete tech analysis pattern, etc. Mark all the entry points and confirming signals in your trading plan.

Correcting your plan

During the day, depending on the dynamics of quotations, the plan might need certain corrections: additional signals might appear or, on the contrary, some of the signals might become irrelevant. This is absolutely normal, the market is influenced by multiple factors, including macroeconomic indicators. Make all the necessary corrections and go n following it.

At the end of the day, right down the results in your trader’s diary. This will show you if you have been following the plan or trading chaotically. Also, later you will assess the statistics, see the weak and strong points of your trading systems, and correct if necessary.

Closing thoughts

A trading plan is the trader’s main instrument and weapon. It is meant to evaluate the current situation in the market, plan and carry out promising trades. Having a well-prepared trading plan, the trader protects themselves from chaotic, emotional trading. Being disciplined and thorough about your trading plan, you will enhance your trading and your professional skills.

Read more at R Blog - RoboForex

Sincerely,
RoboForex team

 

[Vlad RF]

USD in 2021: Hoping for Best, Ready for Worst

Author: Victor Gryazin

Dear Clients and Partners,​

As a result of 2020, the USD fell by 10% in pair with the EUR. Strategically though, the dollar grew by 10% in pairs with all world currencies, winding up a cycle of growth.

Strengthening mostly happened in the second half of the year when the world became less fear of COVID-19, realized that the pandemic could be taken under control, and got inspired by the idea of total vaccination. Then capital markets stopped using the dollar as a protective asset. Other currencies got a chance to recuperate and grow, while the world switched to hoping for the effect of the vaccination and soon economic restoration.

The Federal Reserve system decreased the intetest rate only once in 2020, in March, to the all-time low target level of 0-0.25% per annum, where it remains now. Soft credit and monetary policy works against the dollar in the long run, as well as talks about further stimulation. A new wave of the latter is expected in quite the nearest future, alongside the activation of trading between the USA and its partners, and vigorous growth in all key branches of economy. However, what will happen to the dollar?

How much will the dollar cost in 2021?

It is quite possible that 2021 will not be the most comfortable year for the dollar for several reasons. The first one is the Fed's soft credit and monetary policy. The package of stimulation measures will put more pressure on the dollar but support the whole system. Moreover, the need for the dollar as a safe-haven asset will decrease as soon as the pharma sector will find some cure for the coronavirus, and the global vaccination will show its effect. Also, do not neglect the foreign and domestic policy of President Biden that can play against the dollar as well.

The chart of the dollar index itself shows a complete third wave of growth to 103. Today, the market is trading parts of a classic A-B-C correction. A five-wave structure of wave A aiming at 89 is complete. Earlier, in 2020, the market completed wave B, performing a structure of growth to 103. Thus it has almost formed a Double Top pattern. If we get deeper into detail, the technical picture of the Double Top is interpreted as a consolidation range between 103 and 89. Now the whole wave of decline that started in March 2020 is lokked upon as a cycle of wave C. The aim of 86

How does COVID-19 influence the dollar in 2021?

It might happen that both domestic and foreign political courses will get in the shadow of the pandemic until the coronavirus issue gets solved strategically. The world has minimum three efficient vaccines, and the vaccination campaign goes on stably and aggressively. The faster goes the vaccination, the faster collective immunity will form. This means that the economy of the US will return to normal without lockdowns, social restrictions, and constant viral disturbances.

For now, the dollar is stable in this regard, but as soon as the risks of the coronavirus fade, the dollar will also step back.

Technically, this picture on the chart will look as the end of the second half of the declining wave, aiming at 89. When this level is reached, we expect a new wave of growth to 95 to develop. This aim can be reached at the end of May, 2021.

What can be a positive driver for the USD?

Any complications of the process might support the dollar: arguments between the Republicans and Democrats, pauses in the stimulation, scandals, arguments with foreign counterparts.

Moreover, do not forget about the market trend being usually unstable and the dollar — volatile. The market is a living and mobile phenomenon, reacting to all things around. However, for now, 2021 looks like a complicated year for the USD.

Let us have a look at technical issues. Tge chart suggests that another fifth wave in the declining cycle might start developing. Bouncing off 95, a new declining wave to 86 might start developing, winding up the potential of the A-B-C formation. This scenario might be completed in September.

When this level is reached, the technical picture will suggest a new wave of growth to 95 at the end of 2021, and by 2024, the wave might reach 106. This takes us back to the very first chart in the article.

Read more at R Blog - RoboForex

Sincerely,
RoboForex team

 

[RoboForex Contest]

Dear traders!

This week, the ContestFx project will continue as usual with the following exciting competitions:

The 120th competition of "Demo Forex" has reached its "equator".
The 301st competition of "Week with CFD" has just started.
434th competition of "Trade Day" will start on 17.03.2021 at 12:00.
350th competition of "KingSize MT5" will start on 18.03.2021 at 20:00.

The winners of our contests become the owners of prize money received to their real trading accounts, which enables them to trade the whole variety of the Forex market without investing their own financial savings required as an initial deposit.

Do not miss your chance!

Sincerely,
RoboForex Contest

 

[Vlad RF]

How to Trade by the Shark Pattern?

Author: Maks Artemov

Dear Clients and Partners,​

Shark is a price pattern that consists of five impulses and promises soon trend reversal. This pattern is a rather recent phenomenon; it was first singled out and described in 2011 by Scott M. Carney. The pattern belongs to Harmonic trading designed by Harold M. Gartley and described in his book "Profits in the Stock Market".

Shark is simular to such graphic analysis patterns as Double Top and Double Bottom, but in essense, it is an updated 5-0 pattern. Detecting reversal points in the Shark pattern requires the use of Fibonacci lines that are essential for the pattetn: without them, we cannot be sure if the pattern has formed correctly.

In this article, we will discuss the rules by which the Shark forms on the chart and the principles, by which we open positions with this pattern.

How does the Shark pattern form?

The Shark pattern consists of five points: 0, X, A, B, C — that form on the chart one after tge other. A complete pattern looks like the shark's fin or its jaws swung open; to my mind, however, this is all very individual.

Seeing all the five points in the chart, a trader might conclude that here goes the shark; nonetheless, without Fibonacci levels, you cannot be 100% sure.

How to confirm a Shark pattern by Fibonacci levels?

All trading terminals feature an instrument called Fibonacci Lines with basic settings, but they do not suit us. To check your presumable Shart pattern, delete all the default levels (except "0") and write in 0.866, 1.13, 1.618, 2 24. See below this settings amendments in MetaTrader 4/5:

In more detail, you can read about Fibo levels in these two terminals in the following article:

How does a bearish Shark form?

A bearish Shark pattern forms in a mirror-like wave:

Upon testing point X, the quotations form a minor correction, and the pullback ends in point A. Upon testing point A, the quotations form another descending impulse, renewing the lows in point B. Upon testing point B, the quotations begin another correction that ends in point C. This wave of growth is the largest of all.

Read more at R Blog - RoboForex

Sincerely,
RoboForex team

 

[Vlad RF]

RoboForex adds useful push notifications to the mobile version of MT5

Dear Clients and Partners,​

We’ve added another useful feature to MetaTrader 5! From now on, you have access to push notifications about popular asset prices’ reaching the lowest or highest level in the MT5 mobile application.

How does it work?

When the price of one of the below-specified trading instruments reaches the highest or lowest level over some particular period of time (from 1 to 12 months, or all-time), your smartphone will receive a push notification in the following format:

EURUSD exceeded 3-month high.

The list of instruments

Currency pairs	Gold	Oil	Indices	CFDs on stocks
EURUSD USDJPY GBPUSD AUDUSD USDCHF USDCAD	XAUUSD	Brent WTI	DE30Cash JP225Cash US30Cash US500Cash USTech100Cash	AAPL AMZN BAC F GE GOOGL MSFT TSLA

How to manage push notifications?

To start receiving push-notifications, you need to install the MetaTrader 5 mobile application on your smartphone or tablet. Notifications are enabled by default.

You can manage your subscription to mobile push-notifications in your RoboForex Members Area.

Benefit from all opportunities MetaTrader has to offer!

• Access to popular markets
  Trade such popular assets as Forex, Metals, CFDs on US stocks, indices, and oil.
  
  
• Algo trading
  Create and backtest trading robots using built-in tools without having to harness any programming skills.
  
  
• Exceptional conditions for Prime accounts
  Get access to unique trading conditions similar to liquidity providers.

Mobile push notifications are a quick way to learn about popular asset prices’ reaching the lowest or highest level. Open an MT5-based account, install the MetaTrader 5 mobile application, and receive the maximum information for more efficient trading at RoboForex.

Download an MT5 mobile application​

Sincerely,
RoboForex team

 

[RoboForex Contest]

Dear traders!

This week, the RoboForex company's project called ContestFX invites you to participate in the following competitions on demo accounts:

The 120th competition of "Demo Forex" has entered its fourth week.
The 302nd competition of "Week with CFD" has just kicked off today.
435th competition of "Trade Day" will start on 24.03.2021 at 12:00.
351st competition of "KingSize MT5" will start on 25.03.2021 at 20:00.

We remind you that you can take part in any of your desired competitions after going through a simple registration procedure, and using the funds received as a prize the winners of our competitions can start trading on the Forex market without investing their own financial savings.

Good luck!

Sincerely,
RoboForex Contest

 

[Vlad RF]

How to Trade without Leverage

Author:Victor Gryazin

Dear Clients and Partners,​

In this overview, I will speak about trading without leverage so that you could decide whether this type of trading suits you.

What is leverage?

Trading with leverage means that you open a position for a lager sum than you have on your deposit via marginal crediting. In essence, leverage is the ratio of your capital and borrowed money. In financial markets, leverage is provided by your broker; normally it starts from 1:10.

Using leverage, traders with small deposits can open rather large positions in financial markets. For example, owning a deposit of 1,000 USD, a trader can use leverage of 1:100 (provided by their broker) and open positions for 100,000 USD total (1,000 USD * 100).

On the one hand, trading with leverage lets the trader increase their potential profit; n the other hand, it also increases possible risks. Conversely, trading without leverage means lower risks but requires a larger deposit.

Trading in Forex without leverage

As a rule, trading in Forex means quite high leverage (starting 1:100). This is explained by currency pairs being instruments with low volatility, and traders compensate for this by increased trade volumes. However, using leverage is not obligatory; you can make a profit without it. This will require more investments, though.

Naturally, potential profitability will be lower when you trade without leverage than with it. If a currency has grown by 1%, and the trader bought it for the whole deposit with leverage of 1:100, their profit will be 100%, while without leverage, it would be just 1%. However, the use of leverage means maximum risk: if you get mistaken with your forecasts, you can lose the whole of your deposit in one trade.

Imagine a trader who has a deposit of 100 EUR and opens a maximally possible trader with leverage of 1:100, buying 0.1 lot of EUR/USD. If their forecast turns out to be wrong, and the price goes against their position, an average daily movement of 100 points in this pair (1 point = 1 euro) will destroy the whole of their deposit; they will have nothing to trade anymore.

To open the same position of 0.1 lot in EUR/USD without leverage, one needs to have 10,000 EUR. However, the same opposite movement of 100 points against the position will only mean a loss of 1% of the deposit (100 EUR). The trader will have 9,900 EUR left to trade, while in the first case, they will be left with nothing. If you trade without leverage, you risk losing your whole deposit only if your currency nears zero.

To trade in Forex without leverage, you need a reliable broker that provides leverage of 1:1. Choose your broker with all your diligence because your deposit will have to be substantial (starting 10,000 USD). Opening a trading account, alongside other parameters (trading terminal, type of account, currency), choose leverage of 1:1.

Advantages and drawbacks of no-leverage trading

The pluses and minuses of trading without leverage are as follows:

Advantages:

• Smaller trading risks – the size of the deposit lets you trade with a good safety margin and withstand drawdowns waiting for your asset (stocks) to grow.
• Psychological comfort – trading with a good safety margin, you take most price movements calmly and pay less attention to trading.
• Less expenses as you pay no fees for overnight transferring of your positions.

Drawbacks:

• A large deposit – no less than 10,000 USD is recommended.
• Moderate profitability – significantly smaller than when trading with leverage.

Closing thoughts

It is up to each trader to decide whether to use leverage in trading or not. If you have enough money and prefer long-term trading with moderate risks, you will be comfortable trading without leverage. Choose your broker wisely and open a trading account with leverage of 1:1.

Read more at R Blog - RoboForex

Sincerely,
RoboForex team

 

[Vlad RF]

RoboForex cuts the list of cryptocurrencies available for trading

Dear Clients and Partners,​

RoboForex has made a decision to cut the list of Cryptocurrencies and Cryptoindexes available for trading in MetaTrader 4, MetaTrader 5, and R Trader.

On March 30th, 2021, positions in the following instruments will be switched to the "Close Only" mode:

On April 23rd, 2021, from 12:00 to 1:00 PM server time, all open positions in the listed-above instruments will be closed at the latest market price, while all pending orders will be cancelled.

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

Sincerely,
RoboForex team