Review of a very Good Forex Broker

Review of a very Good Forex Broker

TickMill Broker

I decided to write a review on this broker because of the ease with which I have been doing business with them whilst I am affiliated with them. They did not give me problems when with account opening. Their registration was swift and efficient. At the time I opened an account the requirements were plain and simple.

• Get a valid ID
• Get a statement of account and utility bill

It was no surprise that I was able to verify the account in two days. However, what I did find very interesting with this broker is that their platform is very seamless. withdrawal and deposit are processed by the account holder seamlessly without hassles. More so, their platform is very easy to understand.

Tickmill client Area platform

More benefits of Tickmill

1. They have a 30$ welcome bonus
2. They have a monthly NFP contest to predict the exact price of a currency pair at a particular time the winner takes home 500$ if he has an account already.
3. They have great trading conditions 
4. They have good and prompt customer service like this broker

What I don't like about them

1. They recently insisted all demo accounts must be opened on their site
2. Their spread is wider than this broker's own which may have the best trading conditions. 
3. Their minimum deposit has been increased to 100$

Conclusion

You are looking to have a great trading experience. No hangs during the news etc feel free to give them a try. you can open an account here.

FBS new 100 dollar promotion on Metatrader 5

FBS  Promo Bonus Challenge

LINK to challenge

It's always great to use contests and promos to develop strategies since they make you more serious than you will do with a conventional demo account.

FBS broker recently launched a 100$ mt5 demo challenge that challenges you to trade 100$ on a MetaTrader 5 account with only 0.01 lots. You are required to trade 5 lots in 30 days after which you can withdraw the profit if you meet the following terms.

• Don't add to a winning position
• Don't open a position opposite of the current open position
• Don't add a buy trade until 4 hours later.

From the above rules, it means you can only trade in the following way

You open a buy trade and then a sell trade and then a buy trade until you make a total of 5 lots. if your account is in profit you can then withdraw it to a trading account.

It is a very challenging task but it is the best time to test your ability in a ranging or consolidating market. I recommend you use Silver trend indicator to do this.


LINK to challenge

Cheers.

Let me hear your comments on your performance after 30 days.



Kindly note I am affiliated to FBS

Overcoming the phobia for Investment

A lot of people want to invest but are afraid to lose their money. This is particularly the case for first-timers. if this is the case for you this post is for you.

There are many investments that cater for different risk appetites of different investors. As we have mentioned in different posts. bonds carry the lowest risk whilst Forex carries the highest.
If you are a new investor always start very small and learn to grow your investments as you become confident of the market.

You can start with 100$ and then when you are comfortable with the risks you observed, you can add 100$ to it bringing the total to 200$. you will continue with this until you arrive at the threshold you are comfortable with. This form of injection of capital is known as scaling in.

It is raining

The financial markets have been booming of late; with the frenzy around a possible BRESTAY or BREEXIT. More so, the political uncertainties associated with many of the BRICS countries (rapidly developing countries) are fueling the volatility in the market. How to you benefit from this.


BUY and SELL the over REACTION!!!

There a lot of investment opportunities in the forex market and commodities. Oil prices have hovered around 65-70 for a long time this is a good opportunity to trade support and resistance. Also commodities such as those offered by Canada and Australia and been faring well of late. do well to join the ride.


OPEN an XM account now and claim a 30$ bonus.

How to claim the non deposit bonus of XM

XM broker which is a very reputable and transparent broker gives a very popular 30$. This broker can be claimed as soon as you open a live account with them and verify the account with a Valid ID card and a recent bank statement whose address tallies with the address you entered when opening the account.

Your profits are credited to the balance which will be 0 when you start.
Your equity will be the bonus plus or minus the profit or loss you have made.
See example below;

Link to the bonus page

Step1 

Go to the link and open your account. make sure you enter an address that tallies with that on your bank account. You can choose micro account if you want to trade with lot sizes that will yield smaller profit or losses than a standard account.  0.01 Lot in a standard account equals 1 lot In a micro-account. also ensure that your email address is valid. after this  proceed to the next page

Step 2

Select your leverage and ensure it is the highest. anything above 1: 500 is good. select your base currency and ensure that you select the option that you want to receive the bonus.

Step 3
Scroll down enter your details and ensure that the password you enter here is stored safely because this password is the same password that will be used to enter into your Members area and login to your MT4 platform.  click open real account

Step 4 
A mail will be sent to your mail to confirm your address. Go to your mailbox open the mail and verify your account by clicking the link provided in the mail.


Step 5
Login to the member Area with the with your MT4 ID which should be sent to your mail and your password you entered earlier.


Step 6

Go to the verification area whose link can be seen on your right at the time of writing this post.

upload your Valid ID and Statment of Account or utility bill. It must be scanned to high resolution. The back and front of the ID must be scanned. validation of the documents take like a day.


Step 7
As soon as you get the mail that your account has been verified, Login to your member's area using your id and password. In the member's area, you will see a green link that asks you to claim bonus. as soon as you do this the 30$ will be showing in your mt4 account has credit.


Step 8

Download the their meta trader and login and start trading.  free EAs were posted on my free ea tools facebook group. you can use google, amazon or microsoft free vps to trade. if you have great systems do well to utilize the bonus to get a bigger capital to trade.



Please note that in order to be able to withdraw the profits from the no deposit bonus, you need to:
1) trade a minimum of 10 micro lots (0.1 standard lots)
2) trade a minimum of 5 Trades
3) the minimum withdrawal amount is 5 USD


If you know how to open a google vps, or have a vps (a computer that is constantly online), mail me at majestyinc5@gmail.com. Open an XM cent account and request Via mail for an EA you can use to turn this 30 dollar to 100$ in 6 months. It is absolutely free. I am an affliate so I already have benefits for this.

Should I Save or should I Invest my Money

Should I Save or should I Invest my Money?

This question has taunted a lot of people at a different point in their lives when they ran into a stack of cash. The following post will help you make a better decision when next you have to make this decision.

Wealth accumulation factor

You can only become rich by investing: Savings is a deferred expenditure; You will eventually spend the money. When you save you are only postponing the time you will spend the money. Investing, on the other hand, is great because it grows your income. more so, the interest gained during investing can always be reinvested to accelerate wealth.

Inflation Factor

The inflation rate in most countries exceeds the interest people earn in saving the account. Hence if you were to have a savings earning 3% per annum and have the inflation of your country at 5%. At the end of the year, you will have lost 2% of your money. On the other hand, investing your money for a return of 8% per year will help you gain 3% on your money. Thus, you would have saved your money whilst making more money at the same time.

Savings Factor

As the word Savings implies, the safety net provided by savings is the one that makes a lot of people to prefer savings. there is always a risk associated with investments that many people don't like incurring. If this is the case for you, savings may still be a better choice.

Bottom Line

My advice is to save half of your earnings and invest the other half in some investments. This blog has a lot of options for you to consider. some include bonds (for people who want safe investment) other includes Gold, others include Forex.

Just make sure that your investment is sufficiently diversified.

How to make long term savings with Treasury Bonds

The bond market is a very interesting market as described here but few people now that these investments are a better way to save long-term money. Treasury Bonds are bonds issued by the government in order to raise funds or control the supply of money.

These bonds are very safe investments because the government issuing it cannot fail to print their own money should the need arises. Most Treasury bonds carry interest rates of 3% and above in developed countries. This is a very good return if you are looking to beat the average inflation of developed countries. However, an even better option is to invest in bonds of developing countries which carries interest rates exceeding 10% on the average. These interest rates are clearly better than the 15-3% offered by banks.

Do well to utilize these bonds to earn good interest on your savings in the long term.

Some good ones to consider are India, Argentina, Ghana, Russia, Brazil etc.

Bullish Signals forming on Vox Stocks

This post continues our analysis on stocks. Today we will be examining vox stocks and its potential as seen in our stocks to watch feeds.

Vox stocks on a 30 minutes chart : Image source:https://www.investing.com/analysis/vox-elliott-wave-view-extending-higher-as-impulse-200326817

This stocks as shown by the analyst is likely going to bounce upward and reach may 90 before becoming uncertain. do well to benefit from this movement.

How to open the free starting Capital Account with FBS broker

FBS broker is one of the new promising Forex  brokers that have been offering Forex trading services to retail traders for sometime now. They are great broker to start with and do offer a lot of great promotions frequently. This post aims to show you how you can start trading Forex on their platform without Depositing any money.

Brokers make money from commissions during trading and from spreads however in recent time a lot of them are looking growing their customer base in spite of the fierce competition in the industry. As a result, FBS is currently offering a 50$ deposits bonus which you can use to in meta-trader platform. To benefit from this promotion kindly

Method 1

Kindly follow the steps in  THIS YOUTUBE VIDEO
then follow the link

Opening FBS HomePage



Method 2

If you already have an account, Follow the steps below

STEP 1
Open an account with them from this link


STEP 2

While in your traders portal, click the promotions and bonuses and then click the 50$ bonus

STEP 3
Scroll down and click open account  (usually a yellow button).


STEP 4 
The login details of the meta trader account with the 50$ bonus will appear on the next page



STEP 5

Download their meta trader platform and log in with this details


STEP 6  

Verify your identity with them by uploading a Valid ID and your phone number before been credited with this bonus.  also, note that you may have to verify your address with a recent signed statement of account from your bank before you can withdraw. This will be used to verify that you are not applying twice and will also be used to process your withdrawals.

Note: it is only after doing this verification that you will see the 50$ in the FBS meta trader  platform.




31 JULY 2018 UPDATE 

This is the broker bonus is very easy and transparent but they charge the minimum lots to trade is 0.1 on the 50$ account. Also, they disable your traders account if two accounts with bonuses log into the same MetaTrader 4 platform.

I highly recommend theirs for traders if the traders know have very accurate systems that they can trade with the 0.1 lots.

How to open the free starting Capital Account with InstaForex Broker

Insta-Forex is an Asian Forex and CFD broker that have been offering Forex trading services to retail traders for over 8 years. They are great broker to start with if you don't mind trading with a 4 digit broker. This post aims to show you how you can start trading Forex on their platform without Depositing any money.

Brokers make money from commissions during trading and from spreads however in recent time a lot of them are looking growing their customer base in spite of the fierce competition in the industry. As a result, Insta-forex is currently offering a  deposit bonus which usually reads as 500$ in meta-trader account. To benefit from this promotion kindly follow the steps below.

Step 1
The first thing to do is to go to the promo page

Follow this Link to the Page

Step 2

Fill in your details on the next page. This will be used to create a profile and account for you on their website. After that click get 500$

Step 3
You will see a confirmation page showing you your account have been created.

Step 4

You should get a mail after 15minutes to 30 minutes. The mail with account opening in the title contains your account details that you will use to log into the portal and into meta trader 4.

Step 5

Go to the Client Portal through this link and log in with your details. 

Step 6

You should be able to login in to your account now. The amount would have been credited in your balance.

Step 8

Now follow this Meta trader link to download their platform.

Step 9
After installing the platform login into the platform to start trading with your deposit bonus

With this procedure, you should have no problem making profits.

Note: you can only withdraw after you have confirmed your identity and address. Also, they said that all profits can be withdrawn except the capital.


25- June- 2018 Update: This offer requires that you deposit an amount that equals the profit you made before you can withdraw the profit.

31- July- 2018 Update: This offer is not attractive for me. at 10% profit, your account will be blocked till you deposit an amount that equal to that 10% profit. After depositing, the 500$ bonus will be removed from your account leaving you with the your deposit and the 10% you made.  For a 500$ bonus, this 10% profit equals 50$ adding your deposit of 50$ make the balance to be equal to 100$. They will now give you a compulsory 30% deposit bonus which equals $16 bringing your whole account deposit to be $115. if it stopped here many people would not have been that angry but they now placed another condition that you must trade at least 150lots to be able to withdraw your profits.

see a screenshot of my chat with them

AS A RESULT OF ALL THESE HASSLES
I OFTEN RECOMMEND THE PACKAGE OF XM 30$ BONUS AND FBS AS THE BEST HASSLE FREE NON DEPOSIT BONUS. FBS IS THE EASIEST BUT YOU MUST NOT LOGIN INTO THE SAME METATRADER 4 WITH DIFFERENT FBS ACCOUNTS.


I am giving out a free EA that can turn XM 30$ bonus to 100$ in 6 months for free when you open an a cent account with them and mail me. See the post 

Look for Bullish trades on Canadian Dollar now

The Canadian economy is hinged on oil for most part, as a result them and other economies where oil account for most of their GDP do experience strength in their currencies when there is an oil boom.

Hence get a strength indicator and use it with moving average on the H4 or Daily timeframe to pick your trades on CAD pairs. use a 200 moving average on the H4 (four hour time frame) and a 21 moving average on a D1 timeframe.

See example below where we short GBPCAD (British pound against Canadian Dollar) that is we buy CAD and sell GBP

Trading Canadian Dollar in Forex: the easy way

Enjoy the pips and cash


See brokers you can trade with here
See how to set up mt4 here

Brokers with Non Deposit Offers in 2018 (Free money to practice live Trading with)

The following brokers have non-deposits bonus. These are bonus that are given to traders for opening an account with a broker.They bonus are giving without you having to use your own capital. They do come with some conditions though; Like you can only withdraw profits after trading a certain amount of trade or only after an amount of time.

The following brokers offer non Deposit Bonus

FBS BROKER

Bonus offered 50$

Link to Free 50$ bonus

See detailed steps on how to obtain this 50$ bonus here

Conditions to withdraw profits

Open a “Bonus $50” account:

1. To open a new account, click on the “Plus” button above the list of your accounts and choose the “Bonus $50” account type.
2. Confirm your email
3. Confirm your phone number
4. Confirm your identity

Get bonus:

1. Bonus in the amount of 50 USD (or a relative amount in EUR at the exchange rate at the time of operation) will be credited to the account once the verification process and contact details confirmation are successfully completed;
2. Bonus is unlimited in time;
3. Profit can be withdrawn after 2 lots are traded, and profit reaches over $25;
4. Depositing is available for the Bonus account
5. Bonus is available on MetaTrader 4 platform
6. Maximum leverage on Bonus account is 1:500
7. Bonus account type is “Unlimited”;
8. Maximum profit is $500
9. Leverage Change, Deposit Insurance, Bonus 100%, Partner commission, Cashback, FasaPay/PerfectMoney bonuses, VIP trader/ VIP partner services, VPS, T-Shirt, A Lot of Apples, Get A Car, Traders Party, and FBS Star services will be unavailable until the first deposit is made. Once the deposit is made, the services will be available again;
10. Each client/computer/IP can open only one “Bonus 50” account. It is prohibited to work through proxies or using any IP-address modifying software. Opening the second Bonus $50 account is impossible even after bonus funds are charged off.
11. The company reserves the right to request you to submit additional documentation for identity confirmation, such as the photo of you holding the documents, etc.
12. If a deposit was made to a Bonus account and 2 lots were not traded, deposited funds will be available for withdrawal, but the bonus amount and the entire profit made with the bonus funds would be deducted upon the first withdrawal.

Bonus deduction:

Strategy to use to start trading profitably

you can use this strategy which was designed for Gold to trade with these bonuses. you must not trade with more than 0.01 lots for this 50$ offer. you will be able to withdraw your profits after 200 trades. 

Other offers and promotions from this broker

100% deposit Bonus

123$ bonus

InstaForex BROKER

Bonus offered 500$

Link to Free 500$ bonus

See detailed steps on how to obtain this 500$ bonus here

Conditions to withdraw profits

FREQUENTLY ASKED QUESTIONS

1. Do I have to make a deposit to get the no deposit bonus?
– No, you do not have to make a deposit to get the no deposit bonus. You can receive the StartUp Bonus for free and trade it without your own investments.

2. Do I have to provide documents (verify my account) to get the InstaForex StartUp Bonus?
– No, you do not have to provide documents (verify an account) to get the StartUp Bonus.

3. How to make profits with the InstaForex StartUp Bonus?
– You can open and close trades on Forex on your own or subscribe to copying deals of successful traders through the InstaForex ForexCopy system (Trade via browser, Trade via mobile app, Trade via PC, Copy trades)

4. Is it possible to trade without swaps on an account with the StartUp Bonus?
– Yes. You can turn on the Swap Free service in Client Cabinet in the Personal information section. With this service, swaps for rollovers are not charged.

5. Is it possible to invest the bonus in the PAMM system?
– No, it is not. But you can use the bonus funds in the ForexCopy system and copy deals of successful traders.

6. In what currency is it possible to register an account for getting the StartUp Bonus?
– Only USD accounts can participate in the bonus campaign.

7. What account types support the StartUp Bonus?
– A Standard account is opened by default, but you can change an account type in Client Cabinet anytime.

8. How can I use profits made from the bonus?
– Profits that make up 10% of the bonus funds will become available for trading right after topping up the account. Withdrawal of these profits is
possible only after closing deals in the amount stated in the clause 5 of the Bonus Agreement.

9. Is it possible to participate in InstaRebate or any other program for returning spreads with the StartUp Bonus?
– Unfortunately, the clients who received the StartUp Bonus on their accounts cannot take part in the rebate programs.

10. Is it possible to withdraw the InstaForex StartUp Bonus?
– No. This bonus is given only to new clients providing them with an opportunity to make profits on Forex without their own investments.

11. Is it possible to withdraw funds that I deposit to the bonus account?
– Yes, you can withdraw the funds that you deposited anytime without restrictions.

12. Why cannot I receive the bonus? I received an email saying that my account cannot participate in the campaign.
– The no deposit bonus is available only to new clients. See the clause 1 of the Bonus Agreement for other restrictions. Active clients can get the bonus after topping up their account.

13. Why does the bonus amount I received differ from the one promised in the campaign?
– The maximum bonus amount is determined individually. You can check the bonus amount available to you following the link on the bonus agreement web page

14. I cannot get the bonus. The “Get bonus” button on the campaign web page is not active.
– Please make sure the link you followed to go to the campaign web page is correct: https://www.instaforex.com/forex_promo/no_deposit_bonus?x=ifxnigeria.
We also recommend you to clear cookies and the browser cache or open another browser if the problem is not solved after following the stated link.

15. I cannot trade. The message “Trading is prohibited” appears in the platform.
– Please check the email box you specified when getting the bonus. Perhaps, your profits made from the bonus reached the threshold of 10% of the bonus funds.

16. Withdrawal: No, only profits can be withdrawn after trading 3 lots for each $1 USD profit. The withdrawal amount cannot exceed $50 USD. To continue trading, a deposit of $50 USD is needed.

Copying trade is easy and profitable for Newbies and professionals. Copying the trades of a professional is highly profitable even without you personally taking the risk of trading.

Strategy to use to start trading profitably

you can use this strategy which was designed for Gold to trade with these bonuses. you must not trade with more than 0.01 lots for this 50$ offer. you will be able to withdraw your profits after 200 trades. 

Copy trades from the Forex copy service

Strategy From this 20% monthly ebook  you can view the (performance here)

Free Advisor that you can get here upon registering

Other Promotions and offers

30% Deposit Bonus

TickMill

Bonus offered 30$

Link to Free 30$ bonus

Conditions to withdraw profits

This offer excludes Nigerians and other countries. You have to have traded a certain amount of lots before you can withdraw profits.

Strategy to use to start trading profitably

you can use this strategy which was designed for Gold to trade with these bonuses. you must not trade with more than 0.01 lots for this 50$ offer. you will be able to withdraw your profits after 200 trades. 

Other offers and promotions from this broker

Monthly Contests

Brokers with Deposit Bonus

Deposit bonus are bonus that are credited to your account but cannot be withdrawn they can only be traded with. They allow you to Open more trades so that you can make more profits in a short amount of time. After a while or after a number of traded lots the bonus will be withdraw-able from your account. This bonus range from 10% of deposit to 100%. Here are some brokers offering these bonus.

Forex4you

• You will set the bonus when you are depositing by using the slider below the page. This is activated when you have opened an account and are about to deposit

Maximum Bonus 100%

see example of 50% bonus i activated while testing some Expert Advisor

FBS 

FBS is a very organised broker. They are new but are very innovative and user friendly. 

Maximum Bonus 100%

InstaForex

Insta-Forex has millions of traders currently with them and many attractive services, new and returning traders may want to try out.

Maximum Bonus 30%

Mastering Gold Trading from MetaTrader Platform PART 2

We have discussed how to install and set up the MetaTrader 4 platform in part one to trade Gold, Now we will go to the strategy proper. (All brokers are trusted brokers which i am affiliated with)

Pair to Trade

• Gold or XAUUSD

TimeFrame

• 15 minutes (for active traders) and 4 hours (for part time traders)

TimeFrame

• Use 0.01 lots per trade per every 200$ in your account. 
• 400$ account will be 0.02 per trade
• 600$ account will be 0.03 per trade etc

See detailed steps on how to obtain this 50$ bonus to test this strategy here

Learn how to place trades on MetaTrader 4 Here

Buy Rules

• You wait for the yellow arrow to pop up
• upward sloping TMA slope (the green and red bands)
• Blue Hma indicator (optional)
• the Arrow must appear below the  middle dotted line between the Bands (green and red lines)

Sell Rules 

• You wait for the purple arrow to pop up
• Downward sloping TMA slope (the green and red bands)
• purple Hma indicator (optional)
• the Arrow must appear above the  middle dotted line between the Bands (green and red lines)

Learn how to set Stop losses and Take profits from the bottom of this article

Exit  (Take profits)

• Use the horizontal blue thick and dotted lines for your take profits or  points by which you will exit the trades

Exit  (Losses)

• Place your stop losses just outside the green line of the band for buy and the red line for sell.

ACCURACY

• Accuracy of the system is 65% to 70%

Open a  PRO ACCOUNT NOW TO START TRADING

OR 

you may also Test your trading skills  CENTS ACCOUNT OR STANDARD ACCOUNT

OTHER RELATED ARTICLES 

How to Trade Crypto-currencies

How to Trade Stocks on MetaTrader

I want to Trade Forex and don't know how (How to Trade Forex Beginner Lesson).

Mastering Gold Trading from MetaTrader Platform PART 1

Gold is one of the precious metal that has been traded over over thousands of years. This is no coincidence; one of the reasons being it not only having monetary value but it is actually a useful metal. Gold does not corrode (it does not rust), hence a lot of people use it to build and make things that they expect to last forever. More so, The mineral is used as a back up for most of the world currencies especially for Dollar and Swiss Franc. You can read more about trading Gold here.

Because the indicators I am going to use were based on the MetaTrader platform, You will just have to use the platform to trade also. A brief on the platform

"MetaTrader 4 is a platform for trading Forex, analyzing financial markets and using Expert Advisors. Mobile trading, Trading Signals and the Market are the integral parts of MetaTrader 4 that enhance your Forex trading experience."

Gold is traded on the Metatrader platform as XAU (where AU represents is Atomic Formula). It is usually traded against the united dollar USD. Hence you will be trading a  pair, XAUUSD  which implies you are trading Gold against the Dollar. 

Thus, if you buy the pair you have bought Gold and sold the dollar. if you sell the pair you have sold gold and bought the dollar. You can trade gold on margin which means you can borrow money from the broker to trade it. it is called leverage. I recommend 1:500 for accounts less than 1000$ and 1:200 for accounts over 1000$. You will see this when you are opening the account with my affliated broker. 

Recommended  minimum Balance 

150$ with Any of these Brokers Forex4you

Trading Timeframe 

15 minutes for active trades 

4hours for less active traders 

Trading Platform

Metatrader 4

Indicators

Asc-Trend

TMA CG MOD

Stochastic (comes with the platform)

SweetSpot Gold

HMA mod

Template with all Settings

Gold chart template

Step one 

• Install metatrader
• Install custom indicators (See how on this youtube video)
• Learn how to navigate metatrader here on this video

Step two

If you are trading a live account, Login to live account with your details by clicking 

File on the top left corner and then

Login in to Live Trade account

If you want to first practice with a demo account, 

Select the server and then select new demo account

then enter your details and click next

Step Three

Enable Gold Chart on the platform by right clicking any symbol on the market watch window and selecting symbols

on the resulting window enable Gold under commodities by double clicking it so that it will not be grey anymore

click File and then new chart and then select XAUUSD or GOLD

Step four

copy the Gold blog template

right Click

Select load template

Paste the Gold template

if you did everything right you should get this look

Congrats you are one step from being a pro gold trader investing in gold and making at least 2% weekly

CONTINUE TO 

Mastering Gold Trading from MetaTrader Platform PART 2

Other related Articles

HOW TO USE META-TRADER TO TRADE STOCKS