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Candlestick shadow
The distance between the candlestick body and the maximum day price in the form of a vertical line is called the candlestick upper shadow (uwakage). The distance between the candlestick body and the minimum price is also depicted as a line...
Japanese candlesticks (I)
Where do Japanese candlesticks come from? Candlestick charts are thought to have been developed by Munehisa Homma, a Japanese rice trader. He developed a method of analyzing the futures market to predict the prices of rice contracts. This m...
Japanese candlesticks (II)
We will consider a number of patterns which comprise of two or more Japanese candlesticks. It should be noted, that they are of limited use on Forex as they presuppose that the closing price of the prior trading period and the opening price...
Server crash/connection issues
1. If the server error occurred due to the company’s fault and you sustained losses due to the error, you have the right to send a complaint to the company. Complaints are accepted within two working days from the moment when the case occur...
Closing order offline
To close a deal, you can contact the support service via messengers or via a live chat. You will be required to provide your account number, a code word, and an order ticket. With this information, the customer support manager will be able...
Basic questions about trading conditions
Can I trade CFDs on American shares in a demo account? A demo account does not provide CFDs trading. In order to trade CFDs, you should open a live account According to the website, a 6% annual interest rate is accrued on th...
Complaints about trading platform
In accordance with paragraph 5 of the InstaTrade Companies Group public offer agreement, when contentious cases occur, the Client is entitled to file a claim with the Company. Claims are accepted within two working days from the date the pr...
Tick
Tick is a minimum value of a price change. At present, depending on the security type and cost, the tick can amount to 1/16, 1/32, 1/64 of the USD, etc., although the decimalization is expected in the future when the tick will be 1/100 of t...
Non-market quote
Non-market quote is the price level inside the gap. It represents several price ticks of similar value which form a price gap. It is directly related to the quotes that appear due to the price noise. This price level occurs aimid the lack o...
Stop Loss order
Stop loss, or safety order, is an order placed with a broker to automatically close a position when the price reaches a certain level. You can set the safety order to minimize losses in case of unexpected market moves.Stop loss is an order...
Pipsing
This trading approach is used for gaining profit from intraday currency fluctuations. Some traders open more than 200 deals a day while holding a position open for just several minutes. Of course, the profit from each position is rather sma...
Gap on the chart
A gap is a discontinuous space on the price chart which may appear during rapid price changes. On the chart, a gap looks like an area where the price moves sharply up or down, which creates a space between the closing level of one trading p...
Pip value for gold
The pip value for GOLD is calculated by the trading volume.Therefore, the pip value will be equal to $1 in the trade of 1 lot; while in the trade of 10 lots 1 pip will be equal to $10, etc.* The tick size for #GOLD is 10 pips....
Pullback trading
As a rule, market participants are divided into several groups, each of them prefer their own trading methods. It is hard to say what is the exact ratio of supporters of various methods. However, we tend to think that most traders stick to...
Scalping
There is no single opinion about the scalping trading strategy. However, more and more traders are getting interested in this method. Why does scalping look so appealing? Probably because it is one of the few ways to make a quick profit on...
Chart types
Forex graphic charts are usually made in two coordinates - the price (shown on the vertical y-axis) and the time (shown on the x-axis). Sometimes the tick volume chart is also made along the y-axis. The time–axis scale (also called interval...
Price, trading volume and open interest
The price is not the only weighty factor to be considered while analyzing Forex market. Besides the currency exchange rate, its trading volume plays an important role, too.There is the postulate of the Dow Theory that tells that the trend m...
Chapter 8. Forex market and exchange offices
Forex trading is aimed at making money on currency speculations. We have been describing the currency market above but avoided such topics as what starting capital is needed to work on Forex and what profit can be expected. In this chapter...
Card verification via InstaVerify
You can use the InstaVerify app compatible with both Android and iOS.The app allows you to take a photo of a bank card or upload the image from your phone memory. By means of the app you can also fill in the required fields with the in...
