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Trade Day and KingSize Trading Contests of RoboForex

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The Forex and CFD broker RoboForex  (regulated by CySEC and IFSC) regularly organizes trading contests for live accounts and demo accounts which offer prizes for the winners. Through these competitions, this broker’s customers can increase their income from their regular transactions in the Forex market. In the case of tournaments for demo accounts, the competitors have the possibility to earn money without any risk because the trader operates with virtual money.

Duration of the competitions: RoboForex organizes trading competitions throughout the year, however regularly the company ends the tournaments and make new ones that have different characteristics. For now, the contests described below will remain active during 2014 until the company decides otherwise.

Currently the trading competitions of RoboForex are the following:

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Types of Forex Trading Accounts

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The first type of account that one usually opens with a retail Forex broker is a demo account. This simply lets the trader get a hang of the trading process and execution methods. Afterwards, a trader usually moves into either one of these three common types of accounts.

Standard Forex Accounts

The most common type of Forex account, this trading account has access to standard currency lots worth $100,000. Since the rules of leverage and margin are in order, this means that you don’t necessarily have to immediately invest $100,000 of capital to start a standard account. For a standard lot for trading, you only need to have $1,000 in the margin account.

Most brokers provide better perks and services to standard account bearers because of its adequate up-front capital. It is also the only type of account with each pip worth $10, meaning you get higher potential gains.

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Simple strategy with RSI and moving averages

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In this article we are going to talk about a simple trading strategy based on the RSI oscillator and three moving averages (SMA and EMA). This strategy will also help us understand how the RSI, one of the most powerful technical indicators, works.

This is a relatively simple scalping strategy designed to operate in 5-minute time frames in the most liquid currency pairs (EUR/USD, USD/JPY and GBP/USD).

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Market Punter Affiliate Program

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  Update on MarketPunter Affiliates Because the binary options broker MarketPunter has closed and stopped offering its brokerage services like many other brokers in the sector, the affiliate program of this company has also closed. Market Punter Affiliates is an affiliate program implemented by the binary options broker Market Punter (a company regulated by FSRP in New Zealand) in order to promote its … Read more

The Most Popular Candlestick Patterns

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List of the most well-known Japanese candlestick patterns used by traders from a variety of financial markets, including Forex, stocks, commodities, and others. These patterns are grouped according to their reliability.

The principles of technical analysis can be traced to the mid-17th century when Japanese farmers used charts to track the price of rice. Later, in the mid-18th century, these farmers began the use of candlestick charts, specifically shortly after 1850. The development of this important tool of analysis of prices is credited to Munehisa Homma, a rice trader from Sakata.

Currently, the candlestick chart is one of the most widely used tools for market analysis worldwide thanks to its easy interpretation and the large amount of information that it presents which can be used to study any financial market including the Forex. It also facilitates the interpretation of more or less reliable chart patterns which are used by many traders as trading signals to open and close positions.

The candlestick patterns can provide the trader with invaluable information on the price action with a simple glance. While common candlestick formations can provide important data about what is “thinking” the market, they can sometimes generate false signals precisely because they are frequent. Therefore, it is also important to know the more advanced patterns which have a high degree of reliability and their use in combination with other market analysis tools. As with any other resource of technical analysis, the candlestick patterns should be used with other analysis tools to confirm their signals.

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EXNess Broker Review 2025 – Detailed Analysis on EXNess

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  EXness -ECN/STP broker from Europe specialized in Forex and CFD -Regulated by organizations such as CySEC -Tight spreads and high leverage up to 1:200 Visit Broker Website EXNess-Broker Review The Exness Group is an international company that offers online brokerage and investment services in Forex, Stocks, Indices, Cryptocurrency, and other markets. With headquarters in more than 5 countries, this … Read more

RSI Indicator Guide For Forex Traders

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This technical indicator is one of the most used in Forex strategies. I will explain below how you can better read the movements that the indicator makes to make better decisions.

What is the RSI indicator?

The Relative Strength Index (RSI) is a well-know oscillator used in technical analysis and multiple markets, including Forex, which shows the price momentum by comparing bullish and bearish movements of closing prices of a specific asset.

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Trading Psychology and Trading Patterns – when the usdjpy broke the 100 level

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Trading with price charts in the currency markets implies looking for repetitive shapes that happened in the past and by the time current price is making a shape like that traders have an educated guess about the possible outcome. This is what is known as a price pattern.

So looking for patterns when trading is one of the things that traders have in common as this helps forecasting price for the next period, depending very much on the time frame the pattern is being identified. If, for example, a head and shoulders pattern is identified on the weekly or monthly chart, then the measured move for it implies quite a strong move price will make.

When patterns are being used in combination with market psychology, the analysis becomes even more complex. It gives the trader a competitive advantage as, on one side, the pattern represents something from the past that can be projected into the future and on the other side market psychology comes to confirm/infirm that specific move.

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Trading systems based on models

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As we said in our previous article, we can classify trading systems into two groups: those based on models and those based on exploitation or data mining.

In this article we will discuss in detail the systems of the first type, defined as those who propose a model to represent the behavior of the market and from it, try to get benefits.

The algorithms that are part of this group are usually very simple in terms of the rules they use, although its development is usually relatively complex depending on the algorithm. The starting point of the models used for this type of strategy is the detection of a market inefficiency we want to exploit. Inefficiency produces an anomaly or a pattern on the price that can be described using a mathematical model that allows us to predict to some extent where the price will be in the next period based on a function based on historical price information.Let’s look at some of the most common strategies based on models.

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Bullish Kicking Candlestick Pattern

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The Bullish Kicking Candlestick Pattern is a formation that occurs in both downtrends as uptrends, which has a high reliability and indicates a possible change in the market trend. We can identify this pattern as follows:
  • In this pattern the market trend is not important.
  • The first candlestick of the formation consists of a Black Marabozu.
  • The second candlestick consists of a white Marabozu with a gap (hole) upwards with respect to the first candlestick.
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