FX Trading Update (free $3,500 to trade with)

Just to give you all an update. I began trading with the free $3,500, the first three days of trading were relatively slow, and then on Thursday, the Bank of England announced it was keeping the Sterling interest rate at 0.25%, suddenly the Euro/GBP pair, fell immediately then shot up three times and gained around 150PIPs. In that hectic 5 mins I increased that $3,500 to $4,000. As of today my account stands at $30,200! If your interested in getting involved and I do recommend you spend some time learning how to trade. I will try to help you with emails. Then go to this link and setup your account. http://mt5.com/en/?x=RDUX

 After all you have nothing to loose until you add to this initial deposit and you can use it to quickly discover if its something you would like to do instead of staying with the rat race!

For those who are interested in football and may like Liverpool this company is the sponsor. See http://liverpoolfc.instaforex.com/en?x=RDUX

We are also running a Beauty Competition which ends on the 1st October 2017. If you have a daughter or maybe you fancy your chances (sorry guys this is strictly ladies only) then click on this link and visit the site.

http://miss-instaforex-asia.com/en/?x=RDUX

For tips and hints and to learn more about trading and how it works you can view or comment with other traders at this site.

http://forum.mt5.com/?x=RDUX

How I increased my deposit was reasonably simple. First I Google'd to discover any FREE currency strength indicators and found this site: http://megatrendfx.com/additional-forex-indicators/currency-strength-meter-indicator. This site shows the strength of the EURO by default and by clicking on the other currency pairs down the left hand side of the page you can search for the strongest and weakest currency pairs to trade using this free service. These pairs are easy to recognize as they DIVERGE the most, these currencies are known as the currency pair exhibiting the greatest VOLATILITY at any given time or time-frame. These highly volatile currency pairs are the ONLY ones you should trade as volatility is the traders friend! Next I opened my downloaded MT4 trading platform which is freely downloaded from the Instaforex sites above once you claim your $3,500 and logged in with the account details I was sent. Then I added the Bill Williams "Alligator" indicator to the chart, making sure I matched the Charts time-frame (in my case 1Hr to the 1Hr volatility chart and currency pair I had just identified above). The Alligator indicator was added to the chart and the default settings were used. I then simply traded the direction the indicator showed. When the three parallel lines of the indicator then eventually converged - that indicated a change of direction (say from a BUY to a SELL position) and so I sold out of my previous BUY position and then got ready to take a trade in the opposite direction i.e. SELL, and then watched the chart until the direction reversed again. 

I also added the Stochastic Oscillator to the chart with 8,3,3 settings to make it easier to get the change of direction indicated precisely. I used this indicator to trade on shorter time-frames like the 1Minute, 5Minute or 15 Minute time intervals. (as well as referring to the currency strength indicator to identify the most volatile FX currency trading pair for this shorter time frame.).

Be aware that you also need to be alert to news announcements like the Bank of England interest rate announcement which resulted in my rapid gains. So make sure if you are using indicators such as the Bill Williams Alligator or the Stochastic Oscillator that there are no pending major announcements going to happen that day or time on that currency pair or any of the major currency pairs like the GBP/USD, USD/EURO etc. There are plenty of YouTube tutorials which help you learn how to set up the MT4 (Metatrader 4) software and others which show you in detail how to add these indicators and how they work! So you dont have to be an expert.

Before I launched Instaforex on here, I had never traded with it before, but had spent 3 months learning how to trade with another company which specializes in teaching FX Trading on a demo account with its own proprietary platform. So the results stated above are real and from scratch!  All the indicators I describe using above are included for free in the MT4 software download that Instaforex provided (and many many others). In fact there are so many indicators and automated trading robots available that it does get very confusing (hence it took me 3 months so far to learn around half of them.). At the end of the day, I chose the above indicators because they are simple to use and follow. Happy trading!