Instaforex Broker Review

INSTAFOREX has become one of the most worthy and trusted FOREX broker (FOREX stand for FOReign EXchanged) that I ever find personally so far. At this moment, they are offering a crazy no deposit bonus worth $100 for new customer who open live trading account. I have no idea when this crazy promotion are going to stop but this is a golden opportunity and a must for every new trader out there to get started without any investment. You have absolutely nothing to lose. However, this promotion is available for a limited time only, so I personally urged you to try it out to experience how it feels like to be a trader.

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How To Detect The Ending Of The Trend

In FOREX market, there is ABSOLUTELY NO precise method to detect whether the trend has come to an end. If any person or someone come to you and say that he/she can help to precisely detect the beginning or ending of the trend with 100% accuracy, he/she is a big cheater. I said so because there is no way we can control the market.

The truth is we only can manipulate the movement of the market using some technical indicators when we THINK the trend is bearish or bullish, and what we THINK might not turn out to be true, which leads to another trading method known as Psychology Of Trading where we have to deal with our fear and greed.

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Year End 2009 Trading Report

The end of the year 2009 is around the corner and the trade is going a bit wild. Christmas day fall on Friday and I have to avoid the trade because the server was closed at 2200. Even if I trade, there will be a big spread until 4 of January 2010 and reduction of leverage to maximum of 100.

I'm talking about FXOpen forex broker. This is the most affordable forex trading server for average trader like me and maybe ... you too. I trade micro account and so far winning 30++ US$ roughly. For me, it was great, after trading for approximately one month or two.

So far. I'm trading EUR/USD pair based on 4H time frame. The pair is going down but in a larger scale (Weekly time frame) ... the pair is just started to move down in a very drastic way. So, I short the pair but unfortunately, 4H time frame is going up. I do get the profits but I fail to take it due to my perception that the pair will continue to go down. So, I lost some pips there but I'm still can captured a few pips on the last day, which enable me to stay on the winning side.

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EUR/USD Analysis: December 12, 2009

This pair start to make a bearish movement after uptrend was completed at 1.5144 from 1.3748 level. Bearish momentum is now in favor but this is not a confirmation of a downtrend. Breakout can be seen on daily chart, which break the bullish tunnel to go down. Bull is losing control, and the bear is now back in control.

However, bearish trend will end if the price move above 1.4800 and the price will oscillate for a while as the bull is fighting the bear. If this happen, trading should be avoided. Only when the line is clear then the trade can be made. Well, this is the plan for my weekly forex trading.

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Violent Period of Time for Forex Trader

The last week of the month is always a dangerous period of time to trade forex. I don't know why but maybe a lot of important economic news were released, which affect the market movement towards the trend. The market still stay on trend, but not in the right movement. The range of movement is a bit higher than usual. So, if your account is very 'sensitive' you may need to avoid making any trade during this time.

If you want to make any trade, make sure your account is big enough to avoid any stop out during the opposite movement. Technical indicator doesn't show you the right precise direction of the market, but still ... it's good to trade aggressively during this time. I still need to learn something about this phenomena after my account was cleanly wiped out for trading the dangerous time.

First week of the month is the best time to trade forex. However, you have to be aware of NFP news release every Friday (first Friday of the month) to avoid losing a big movement. Happy trading and be a good trader.

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Trade Forex For Side Income

Many people trade forex for a living. As for me, I trade forex for side income. Forex trading is a risky business, but the reward is pleasing. Other group of people do the MLM business for side income. For some people, asking someone to sign up for a network marketing business is like asking a tiger to eat grass. People who feel this way can trade forex to make money for their side income, if not for a living. "I don't want to disturb other people!" they said.

Network marketing people minded focus on developing something (business) that will have no ending. It will keep going on even after death. This is the beauty of network marketing business model. But, it's not for everyone. For people who feel comfortable of getting the reward for what they do, forex trading is a good answer. Why don't you trade forex for side income?

Whether you choose to trade forex for side income or not, it's your decision.

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Why People Trade FOREX?

People trade forex for various reason. Most of the time,
the reason is money. People want to make money, and
forex is one way of making big money very fast. But,
forex trading is dangerous, if you don't know how to
do it properly. It's one of the fastest way to lose money
other than being rob.

However, people who trade forex are aware of this risk,
so they risk the amount of money they can afford to lose
so that they can keep their normal life style. It's clear that
the primary reason for people to trade forex will always
be one, and that reason is to make money.

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Weekly Forex Trading Outlook

Usd/Jpy is trending down based on 4H time frame.
Forex trader may short the pair to make profits.
Gbp/Usd and Eur/Usd is going up (based on 4H
time frame). Usually, at the beginning of the week,
I put demo account into the test. When the trend is
clear and stable, then only I put my live account
into the trade.

Oh, by the way, I choose FxOpen as my broker.
MetaTrader4 is my official trading platform.

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Approaching NFP

At the end of Asian trading session, GBP/USD fall down like a falling rain from the sky. I was able to capture some pips from this bearish trend on a daily time frame. The slope was steep enough to make the next trade. Situation like this creates a sense of corrective bullish trend.

EUR/USD also behave the same way on 30M time frame. However, I won't be able to capture any green pips because I set the sell limit too high, so I missed the big move. The same corrective bullish trend was expected for this pair. So, we have to wait for any significant movement of the market before we can execute any trade (just to be save).

This week, we have to be careful because NFP news release on Friday will shake the market on a gigantic scale. Non-Farm Payroll (NFP) is a very sensitive economic news.

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Weekly Forex Trading Report

This week, I end up winning USD12 in pure profits trading forex via FxOpen. With initial deposite of USD15 into my new micro account via Liberty Reserve, I have another USD15 to fight in order to break-even and keep my account clean. I was trading the unknown strategy based on my own perception about the market (market sentiment).

After sometime, I manage to go highest in my weekly trading for as high as USD50 in my trading account, with pure profits of USD20. I was trading the USD/JPY pair with the trading strategy based on Babypips trading strategy (Trade of the day) which is very profitable. I manage to take profits around USD12 with Babypips.

However, I start losing the trade after that, which turn me back to break-even point. Slowly, I start to lose the trade. Just before the market close, I manage to make some profits and close the trading session for this week at USD42 with pure profits of USD12.

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Babypips Trade Idea

I was trading the signal from Babypips blog, Trade Of The Day. According to the author, USD/JPY pair is bearish. So, the idea is to sell the pair somewhere around 92.00 and take profits around 100 pips. However, I choose to take profits below 100 pips, just to be save. I'm trading the real account with FxOpen and so far, things are going good.

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My Forex Trading Style

I was waiting for the trade update from Babypips. Trade of the day is my favorite Babypips blog and the track record is clean. Babypips is a cool forex guide for newbie.

Personally, I choose FxOpen broker to trade forex. I prefer to depose fund via Liberty Reserve and make payment through Evogate. This is not the first time I trade forex. The first season is over and I end up blowing my own account.

I trade GBP/USD, USD/JPY, and EUR/USD pair only. I need to focus on these 3 pairs before I trade the other pair. I do the day trading because I work from 9 to 5 daily and don't have the time to do the trading during my working hours.

Usually, I set the take profit target when I make a trade. With moving average indicator alone, using 14 moving average, I make decision (by default 4H time frame). However, I still observe other time frame before I make any trade.

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Forex Accumulator Review

Forex Accumulator is a trading robot (in a no-nonsense explanation, Forex Accumulator do the trading for you). We all know that forex market is very volatile, which mean you can make a lot of money very quickly, or lose your hard earned money very fast.

Most people trade forex to make a lot of money, so am I. Now, what can you do with Forex Accumulator? Basically, Forex Accumulator capture profitable trade automatically and deliver profits to you. I don't know how cool is Forex Accumulator so far, but it's easier to try it out first.

I'll give it a try, but not now.

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Why Choose FxOpen Broker?

Internet heritage can make money trading forex for real. But first, broker selection is very important. So, I choose FxOpen broker. It suit my needs. I can start my live trading for as low as USD1 plus bonus for first time deposit of USD1 for Micro account. However, the total of available fund in my account will be USD1.85, due to deduction fee from Liberty Reserve (because I choose to depose fund via Liberty Reserve).

Note: Treat forex as your business, not another gambling game.

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The Return Of Forex Trading

Forex trading is back into my excitement. The idea of working from 8-5 is not cool. Since my existing forex account was inactive for a period of time, I dropped it. I start a new cycle with FxOpen broker. This broker offer a new trader with Micro and Standard account, so I choose to play the small game (micro account).

Note: I highly recommend FxOpen broker to trade forex.

But first, you have to understand the risk of forex trading. The risk is, you'll make money or you'll lose your investment. That's all. You will not end up with any debt, unless you borrow money as your initial deposit.

So, I sign up with Liberty Reserve to manage my forex account. It's easier to handle it this way. Electronic currency is very flexible to make online transaction. Now, I'm ready to go!!!

P/s: Don't forget to sign up with FxOpen!

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Forex Blueprint System

According to ForexBlueprintSystem, any promise that claim
to make thousands of dollars in just a few hours of trading forex
is rubbish. Forex trading system developer will more likely to fail
on delivering such promise.

By the way, ForexBlueprintSystem enable you to:

• Learn the secret of short term trading
• Avoid lengthy forex trading time
  
• Aim for 120 PIPs per week
  

I don't know who bought ForexBlueprintSystem into the market,
because author's name is not clearly stated on their website. However,
it's good to try this thing out, since it's not very costly. I have this this
product in my digital warehouse. Quite COOL.

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Daily Trade Idea (Day 5)

Trading platform: Meta Trader 4
Trading broker: InstaTrader

Trade Idea:
Short GBP/USD at 1.4690.
Take profits at 1.4570.
Gross pips: 120

Looking at 4H time frame, this pair is making a long bullish trend since last week. This week, moderate downtrend is expected. The result will be known in a few days.

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5 Questions About Expert Advisor

What do you know about Expert Advisor?
What happen if you trade manually?
What is the benefits of using EA?
What is the current market price for EA?
Where can I get an affordable EA?

P/s: Expert Advisor also known as EA.

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Instaforex Competition (Day 3)

Unfortunately, GBP/USD keep their bullish trend on 4H time frame. I feel so bad about this movement, because I was expecting a bearish trend. Bullish trend is very strong, and I have no idea what make me keep expecting that this pair will move down. I'm losing too much, and I feels like there is no hope to recover from this problem. However, I will never let it go, since I have nothing to lose, and something to win. Never mind, I can just keep going ...

Maybe, I will spend the rest of this week to perform the postmortem. I should be doing good if I trade a long position. Hoping for the short when the trend is going up is a big mistake. This mistake can be avoided. Maybe, using a good technical indicator can save my trading account. Next week, I will install Forex Powerful Indicator (Kuasa Forex). For now, I have to keep the losing trades floating, hoping so much that profits will roll-in.

The other mistake that I've done this week is to trade against the trend, hoping so much that the trend will soon reverse. Making so many mistakes, and learn from it is a good practice. The good point is that, I don't trade any live account.

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Instaforex Trading Competition

Instaforex Tournament 2009 is now open to public and this is a
great news for all traders around the world. Registration is
completely free. Registration is open until 30th of March 2009.
The tournament will start on the 1st April, 2009.

Log on to http://www.instaforex.com for free registration.

There is no special requirement for this tournament. All you need
to do is to sign up. Virtual money will be credited into your
virtual account. Forex trading is easy with Instaforex. Please
don't take this opportunity for granted. If you have a good
trading strategy, you can win up to $5000 real money into
your real account. So, why don't you give yourself a try?
You have absolutely nothing to lose. Thanks to Instaforex
for this opportunity. Ridiculous amount of people have already
sign up for this tournament.

Log on to, http://www.instaforex.com to sign up now.

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