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The Forex broker RoboForex has implemented a multi-level affiliate program (several levels of referrals) in order to promote its services and acquire new customers who open an account through affiliates. For these members, the program offers a range of advertising tools based entirely on the Internet. Thanks to these resources and the payment plans offered by RoboForex, this program is an interesting option for monetizing blogs and websites that are related to the topic of financial markets in general and especially with the Forex.

Summary: In this article we will discuss about the main types of traders' brains and how they affect their way of visualizing and trading in financial markets like Forex.

We know from research with brain scan that our mood and outlook on market behavior depend on our brain type.


In summary, there are five general types of brains. Among the traders and investors, the three most important brains are compulsive, impulsive and anxious.

People with compulsive brains tend to be trapped in a particular thinking about the market. "It's too high." "It's too manipulated." "It's too risky." It's too … "whatever. Individuals with compulsive brains tend to trade completely on their own terms and usually are not open to comments or other options.

The Forex and CFD broker RoboForex (regulated by CySEC of Cyprus), has implemented a trading contest for demo accounts with cash prizes for the winners. This competition of 1 month rewards the traders who obtain the higher incomes upon completion of each round. Therefore, it is a good opportunity for beginners and experienced traders who wish to evaluate their trading strategies without risking capital in the process and that both are interested in earning real money. 

This contest has an annual award fund of 39,000 USD.


The Forex and CFD broker RoboForex (a company regulated by CySEC and IFSC) provides its clients with technical analysis updates and trading signals on currencies, gold and crude oil which can help the trader to take advantage of market opportunities.

The technical analysis and signals are supplied by Trading Central, a leading independent company specialized in technical analysis of financial markets, whose services are used by 38 of the world’s 50 leading banks as a second opinion in addition to their own in-house market analysis. The technical analysis reports from Trading Central cover many asset classes such as Forex, Commodities and Market Indices. Traders can also benefit from a wide range of reports based on a variety of technical indicators, covering multiple time frames that are ideal for short, medium and long-term traders.

Also, the clients of this broker have access to updated market news from Dow Jones.


What is a petrodollar?

A petrodollar is a dollar earned by a country with the sale of its oil to another country.

The term Petrodollar was first used in 1973 by Ibrahim Oweis, professor of economics at Georgetown University.

All OPEC (Organization of Petroleum Exporting Countries) sell crude in US dollars (USD), so that any country that wants to buy oil to these countries has to change its national currency to USD.The term petrodollar should not be confused with petrocurrency, which refers to the national currency of each oil-exporting country like Canada (CAD) for example.

The demand for US dollars for other countries to buy oil significantly affects the United States emphasizing the deficit and inflation. In this sense, most economists agree that trade in oil is in the long term, a charge for the currency in which the trade is conducted.




RoboForex-Broker Review

RoboForex is a NDD/ECN Forex broker from New Zealand and Cyprus which offers the possibility to trade with currency pairs (Forex market), commodities like gold and silver and Contracts For Difference through various trading platforms. This company provides a variety of services to its clients, including solutions of social trading, trading competitions, regular promotions for new and existing clients, various tyes of trading accounts, managed accounts, various trading platforms and many more.

Currently RoboForex is one of the most versatile and varied brokers in its services, as it not only offers trading accounts for the Forex market, but also a platform for trading and investing in shares of the American stock market. This, along with the quality of its ECN execution, the possibility of opening an account and trading with low amounts and other characteristics, make RoboForex an option that we must consider.

Type of broker

RoboForex is a NDD/STP/ECN Forex broker.

The Real Interest Rate Differentials Model indicates that movements in the price of currencies are determined by the levels of interest rates of the countries. Thus, the currencies of countries with high interest rates should grow in value while the opposite should happen with nations whose interest rates are low. 

As we will see below, this model is not able to explain all the movements in the currency market, although much of what happens in the Forex (and in other financial markets) is related directly and indirectly with interest rates.

Bases of the Model 

Whenever a country raises its interest rates, international investors discover that the currency of that nation has a higher yield and therefore these investor start buyin the currency. This theory was very successful in 2003 when the spreads of interest rates were quite close to the highest levels of the past years.

The Model of Interest Rate Parity states that in the event that two different currencies have different interest rates, then that difference will be reflected in the premium or discount to the price in the future, in order to avoid arbitration without risks.

For example, if interest rates in the U.S. are 3% and the interest rates of Japan are 1%, then the U.S. dollar (USD) should depreciate against the Japanese yen (JPY) by 2% to avoid what is known as risk arbitrage. This price or future exchange rate is expressed in the price at future date (forward) indicated on the current date.

Free MQL5 Signals cuopons from RoboForex

For all traders interested in automated trading and copytrading, RoboForex is offering an interesting promotion during 2017. As of April 11, 2017, RoboForex Ltd with the support of MQL5.community (a service of MetaQuotes Software Corp., the creator of Metatrader 4 and Metatrader 5 platforms) will be carrying out a special offer for its customers, in which the company will award 2017 free coupons for the MQL5 Trading Signals copytrading service. Each of these coupons is valued at 40 USD.

-Period of validity of the offer: The promotion will be active until the 2017 free coupons expire. (At the time this article was written, there were 1935 coupons).

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