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It's official! Tour XVI of "Forex Finals" Starts on January 30th The new 16th tour of "Forex Finals" starts on January 30th and will continue until February 24th. "Forex Finals" is a recurring trading competition on live accounts. Registration is already open. At the end of the tour we will determine the top 5 traders who will share the prize fund of 1,400 USD. The winner will be awarded a PAMM STP account with 1,000 USD in it. This tour is going to be intense! We may be up for a few surprises as Donald Trump's inauguration shakes up the financial markets and spawns unexpected price trends. REGISTER NOW Tour XVI Facts & Figures Dates: January 30 – February 24, 2016 Prize fund: 1 400 USD *Rewards: 　• 1st place – PAMM STP with 1,000 USD 　• 2nd place – 200 USD 　• 3rd place – 100 USD 　• 4th place – 50 USD 　• 5th place – 50 USD Initial deposit: 100 USD on STP; Trading restrictions: none. We permit to use all trading instruments available on FXOpen STP accounts, any trading strategies, advisors (AEA, MEA, etc.) and any other standard MT4 scripts and add-ons. Registration is already open and will remain open throughout the competition. If you already participated in one of the previous tours, you don`t have to register again. PARTICIPATE NOW Read more about the terms of "Forex Finals" at ForexCup forum. *Restrictions: To be eligible for the prize you need to comply with 2 requirements: • the minimal trading volume per tour is 0.5 lots; • the initial deposit must be increased by at least 20%. Source: FXOpen company news

Kick-start The New Year with Forex School January: Competition begins on January 9th After the Christmas break ForexCup reminds you, it may be time to get back to school! Forex School January, a free trading competition on demo accounts, will take place between the 9th and 20th January, 2017. Do not miss the opportunity to test your trading strategy in a completely safe demo environment without the risk of losing real money. The prize money, however, is real! A $100 award is waiting for anyone who gets into the top 20 traders at the end of the contest. The lucky 20 winners will also be automatically admitted to the 16th Tour of Forex Finals (a competition on live accounts). REGISTRATION IS ALREADY OPEN Facts&Figures of Forex School January: ・Duration: January 9-20, 2017; ・Registration: December 22, 2016 - January 15, 2017; ・Prize fund: 2 000 USD; ・Winners and reward: 20 best traders get 100 USD to an STP account each (not withdrawable*); ・Requirements to get a prize: 　　・the initial deposit has to be increased by at least 30% and 　　・the minimum quantity of trades is 10. Terms of the contest: ・free participation; ・initial deposit: 100 USD; ・leverage: 1:500; ・locking: allowed; ・EAs: allowed; ・maximum number of trades opened at a time (including pending orders): 100; ・minimum trades quantity: 10; ・trading platform: MetaTrader 4 (download); ・trading instruments: EURUSD, GBPUSD, USDJPY, USDCHF, USDCAD, AUDUSD, NZDUSD, EURGBP, GBPCHF, GBPJPY, GBPNZD, GBPCAD, GBPAUD, GBPSGD, EURCHF, EURAUD, EURJPY, EURCAD, EURNZD, EURSEK, EURDKK, EURTRY, EURNOK, EURPLN, EURHKD, AUDCAD, AUDJPY, AUDCHF, AUDNZD, CADJPY, CADCHF, CHFJPY, NZDCHF, NZDCAD, NZDJPY, NZDSGD, XAUUSD, XAGUSD, SGDJPY, USDTRY, USDHKD, USDSGD, USDPLN, HKDJPY, NOKJPY, NOKSEK, USDMXN, USDRUB, USDSEK, USDNOK, USDDKK, USDCNH. JOIN FOREX SCHOOL NOW! LIMITATIONS 1) The prize-winner who wishes to participate in further rounds of "Forex Schools" must skip the next round. 2) One contestant can get into the rating of top traders and win a prize not more than twice. * The 100 USD are not withdrawable and can only be used as a participation fee to join Forex Finals competition. To take part in the contest, you will have to open an STP account and send the account number to info@Forexcup.com Use this partner’s link to open a live STP account (USD account currency). Agent’s code is 600022. Leave the application message with your trading account number and your nickname in this Registration forum thread. The profit exceeding the initial deposit of 100 USD can be withdrawn at the end of any "Forex Finals" tour. Source: FXOpen company news

FXOpen Launches a Financial Performance Tracking Tool FXOpen Analytics is now available to individual traders. This is a financial performance-tracking tool that was formerly only used by professional PAMM Masters. FXOpen Analytics helps you track and analyze your trading performance like professional money managers, allowing you to set trading goals and monitor your progress. In-depth analysis helps determine the strong and weak points of your trading style, identify the best currency pairs and time to trade, minimize your risks and increase profits. Your trading results are displayed in charts and diagrams focusing on key performance metrics such as profit, equity, gain, drawdown and deposited funds. FXOpen Analytics also allows you to share your trading results. You can generate a public link to give to other people so that they can review your trading results. The public link can be used in a blog or on the website to promote your trading strategy. Go to FXOpen Analytics You can also get a grip of how well you are performing compared to other FXOpen traders using the global rankings based on the total gain. As you gain in confidence, you can open a PAMM account and join the community of Masters so that other traders can follow your strategy and you can receive a share of their profits. You can access FXOpen analytics via https://analytics.fxopen.com or by clicking the ‘’diagram” analytics_diagram.png icon next to your trading account number in the MyFXOpen area. Find out more about FXOpen Analytics FXOpen Customer Service Source: FXOpen company news

Pre-Christmas Tour of Forex Finals This year's last tour of Forex Finals starts on November 28th. The winner gets a PAMM account and 1000 USD in it. Best Christmas present a trader could wish for! Forex Finals Tour XV is a trading competition for live accounts. It will continue for 4 weeks. To join you must have a live STP account with 100 USD in it. At the end of the tour we will determine the top-5 traders to share the prize fund of 1,400 USD. The participant with the largest profit will be awarded a PAMM STP account with 1,000 USD in it. REGISTER What you should know about Tour XV? Dates: November 28 – December 23, 2016. Prize fund: 1,400 USD *Rewards: 　1st place – PAMM STP with 1,000 USD 　2nd place – 200 USD 　3rd place – 100 USD 　4th place – 50 USD 　5th place – 50 USD Initial deposit: 100 USD on STP; Trading restrictions: none.You can use any trading instruments, trading strategies, Expert Advisors, scripts, robots, MT4 plug-ins, etc. Registration is already open and new traders can join throughout the whole competition. If you took part in the previous tours of Forex Finals, you are already registered for Tour XV, no need to register again. PARTICIPATE NOW Discuss Forex Finals at ForexCup forum. *Restrictions: To receive the prize you need to comply with 2 requirements: the minimum trading volume at least 0.5 lots per tour is; and at least 20% profit. FXOpen Customer Service E-mail: sales@fxopen.com Live Chat (24/5) Source: FXOpen company news

Admission for Forex School November Begins FXOpen offers novice traders the opportunity to practice their skills by joining Forex School November – a ForexCup trading competition. Forex School is a recurring competition and participation is free of charge. The nearest session of Forex School will take place on 7-18 November. Admission has already started. At the end of the contest the top 20 traders will be awarded real money prizes and the opportunity to take part in Forex Finals (Tour XV) - the live trading contest (November 28th - December 23rd, 2016). APPLY TO FOREX SCHOOL Forex School November Facts and Figures Dates: November 7 - 18, 2016 Registration: October 13th - November 13th, 2016 Prize fund: 2000 USD Winners and reward: the best 20 traders get 100 USD each* Requirements to get the prize: the initial deposit must be increased by at least 30% and the minimum quantity of trades must be 10. Note the restrictions: 1. the prize-winner of the contest who wishes to participate further in the following "Schools" has to skip one contest; 2. one contestant can get into the top 20 winners and receive the prize no more than twice. Terms of the contest: free participation; initial deposit: 100 USD; leverage: 1:500; locking: allowed; EAs: allowed; maximum number of trades opened at the same time (including pending orders): 100; minimum trades quantity: 10; trading platform: MetaTrader 4 (download); trading instruments: EURUSD, GBPUSD, USDJPY, USDCHF, USDCAD, AUDUSD, NZDUSD, EURGBP, GBPCHF, GBPJPY, GBPNZD, GBPCAD, GBPAUD, GBPSGD, EURCHF, EURAUD, EURJPY, EURCAD, EURNZD, EURSEK, EURDKK, EURTRY, EURNOK, EURPLN, EURHKD, AUDCAD, AUDJPY, AUDCHF, AUDNZD, CADJPY, CADCHF, CHFJPY, NZDCHF, NZDCAD, NZDJPY, NZDSGD, XAUUSD, XAGUSD, SGDJPY, USDTRY, USDHKD, USDSGD, USDPLN, HKDJPY, NOKJPY, NOKSEK, USDMXN, USDRUB, USDSEK, USDNOK, USDDKK, USDCNH. APPLY TO FOREX SCHOOL * Please note that 100 USD are not withdrawable and can only be used as a participation fee to join Forex Finals competition. Read more about the terms of the contest Forex School (November) in this thread at ForexСup forum. Source: FXOpen company news

FXOpen opens registration for yet another tour of "Forex Finals" – a recurring trading competition on live accounts. Tour XIV of the contest starts on October 24th. At the end of the tour we will determine the top-5 traders to share the prize fund of 1,400 USD. The participant with the largest profit will be awarded a PAMM STP account with 1,000 USD in it. What you should know about Tour XIV? Dates: October 24 – November 18, 2016 Prize fund: 1,400 USD Rewards: • 1st place – PAMM STP with 1,000 USD • 2nd place – 200 USD • 3rd place – 100 USD • 4th place – 50 USD • 5th place – 50 USD Initial deposit: 100 USD on STP; Trading restrictions: none. We allow all trading instruments available on FXOpen STP accounts, any trading strategies, advisors (AEA, MEA, etc.) and any other standard MT4 software applications. Registration: open from October 13 and throughout the competition. If you already participated in one of the previous tours, you don`t have to register again. PARTICIPATE NOW Read more about the terms of "Forex Finals" at ForexCup forum. *Restrictions: To be eligible for the prize you need to comply with 2 requirements: - the minimal trading volume per tour is 0.5 lots; - the initial deposit must be increased by at least 20%. Source

FXOpen Accepts Deposits via China UnionPay and Netbanx with No Commission Dear FXOpen clients, From October 1 until the end of the year, FXOpen will reimburse the commission for depositing funds to your eWallets via the electronic payment systems China UnionPay and Netbanx. Thus, the broker will be covering the clients` costs for three months. Let us remind you that the standard fee for depositing via China UnionPay and Netbanx is 2% and 2.5% respectively. China Union Pay is a reliable way to carry out instant money transfers. Currencies: CNY Payment Processing Time: instant Minimum deposit: $1 Maximum deposit: without limitations Netbanx is a leading transfer system in the Asian markets. Currencies: CNY Payment Processing Time: instant Minimum deposit: 10 CNY Maximum deposit: 49,000 CNY Hurry up to take advantage of the offer! It is valid until December 31, 2016. How to fund your FXOpen account? 1) Log in to your My FXOpen personal area and select one of the payment systems in the Add Funds menu. 2) Fill in the form with your amount of payment, currency, trading account number, etc. Click Add Funds. 3) You will be redirected to the gateway of the selected payment option to complete the transaction. Find all the methods of depositing and withdrawing available with FXOpen on the company's website. Follow us on Facebook, Twitter and Google+. FXOpen Customer Service E-mail: sales@fxopen.com Live Chat (24/5)

Deposits and Withdrawals via Ethereum Now Available with FXOpen FXOpen is glad to announce that we`ve added a new method of depositing and withdrawing funds. Now the company`s clients can carry out money transactions via the world's 2nd popular cryptocurrency – Ethereum. Terms of depositing and withdrawing via Ethereum: Minimum deposit or withdrawal: 0.01 ETH Maximum deposit or withdrawal: without limitations Deposit сommission: 0 ETH Withdrawal сommission: 0.01 ETH You can find a more detailed information on Deposits and Withdrawals via Ethereum in our knowledge base. The Ethereum project was launched in 2015 to create decentralized applications based on "smart contracts". Ether (ETH) is the currency unit within the system, as well as a new generation cryptocurrency. In 2016 Ether reached a record high market capitalization compared to other alternative digital currencies – over $1 billion. This is now the second popular cryptocurrency after Bitcoin. During the hard fork in July 2016, the Ethereum community split into two blockchains – Ethereum (ETH) and Ethereum Classic (ETC). Please note that FXOpen allows making transactions via ETH only. Find other methods of depositing and withdrawing available with FXOpen on the company's website. Follow us on Facebook, Twitter and Google+. FXOpen Customer Service E-mail: sales@fxopen.com Live Chat (24/5)

FXOpen Starts New Admission to "Forex School (October)" Contest From October 3 to 14, FXOpen is conducting Forex School (October), a short practical training course in Forex trading. You can sign up to participate in this free competition using demo accounts at the ForexCup site until October 9. The top 20 participants will receive 100 USD each in prize money. This amount can be used as an entry fee to join Tour 14 of Forex Finals – the regular FXOpen tournament on live accounts with withdrawable money prizes. REGISTER NOW What you should know about Forex School (October): Duration: October 3-14, 2016 Registration: September 16-October 9, 2016 Prize fund: 2,000 USD Winners and reward: 20 best traders get 100 USD each (not withdrawable*) Requirements to get a prize: the initial deposit has to be increased by at least 30% and the minimum quantity of trades is 10. Restrictions: 1. The 100 USD reward is not withdrawable and can only be used as a participation fee to join Forex Finals tournament 2. A prize winner who wishes to participate in the subsequent "Schools" has to skip one contest 3. A contestant can get into the Top 20 winners and receive the prize no more than twice Terms of the contest: Free participation Initial deposit: 100 USD Leverage: 1:500 Locking: allowed EAs: allowed Maximum number of trades opened at a time (including pending orders): 100 Minimum trades quantity: 10 Trading platform: MetaTrader 4 (download) Trading instruments: EURUSD, GBPUSD, USDJPY, USDCHF, USDCAD, AUDUSD, NZDUSD, EURGBP, GBPCHF, GBPJPY, GBPNZD, GBPCAD, GBPAUD, GBPSGD, EURCHF, EURAUD, EURJPY, EURCAD, EURNZD, EURSEK, EURDKK, EURTRY, EURNOK, EURPLN, EURHKD, AUDCAD, AUDJPY, AUDCHF, AUDNZD, CADJPY, CADCHF, CHFJPY, NZDCHF, NZDCAD, NZDJPY, NZDSGD, XAUUSD, XAGUSD, SGDJPY, USDTRY, USDHKD, USDSGD, USDPLN, HKDJPY, NOKJPY, NOKSEK, USDMXN, USDRUB, USDSEK, USDNOK, USDDKK, USDCNH. START TRAINING * Please note that 100 USD are not withdrawable and can only be used as a participation fee to join the Forex Finals competition. Read more about the terms of the contest Forex School (October) in this thread at ForexСup forum.

FXOpen Starts New Admission to "Forex School (October)" Contest From October 3 to 14, FXOpen is conducting Forex School (October), a short practical training course in Forex trading. You can sign up to participate in this free competition using demo accounts at the ForexCup site until October 9. The top 20 participants will receive 100 USD each in prize money. This amount can be used as an entry fee to join Tour 14 of Forex Finals – the regular FXOpen tournament on live accounts with withdrawable money prizes. REGISTER NOW What you should know about Forex School (October): Duration: October 3-14, 2016 Registration: September 16-October 9, 2016 Prize fund: 2,000 USD Winners and reward: 20 best traders get 100 USD each (not withdrawable*) Requirements to get a prize: the initial deposit has to be increased by at least 30% and the minimum quantity of trades is 10. Restrictions: 1. The 100 USD reward is not withdrawable and can only be used as a participation fee to join Forex Finals tournament 2. A prize winner who wishes to participate in the subsequent "Schools" has to skip one contest 3. A contestant can get into the Top 20 winners and receive the prize no more than twice Terms of the contest: Free participation Initial deposit: 100 USD Leverage: 1:500 Locking: allowed EAs: allowed Maximum number of trades opened at a time (including pending orders): 100 Minimum trades quantity: 10 Trading platform: MetaTrader 4 (download) Trading instruments: EURUSD, GBPUSD, USDJPY, USDCHF, USDCAD, AUDUSD, NZDUSD, EURGBP, GBPCHF, GBPJPY, GBPNZD, GBPCAD, GBPAUD, GBPSGD, EURCHF, EURAUD, EURJPY, EURCAD, EURNZD, EURSEK, EURDKK, EURTRY, EURNOK, EURPLN, EURHKD, AUDCAD, AUDJPY, AUDCHF, AUDNZD, CADJPY, CADCHF, CHFJPY, NZDCHF, NZDCAD, NZDJPY, NZDSGD, XAUUSD, XAGUSD, SGDJPY, USDTRY, USDHKD, USDSGD, USDPLN, HKDJPY, NOKJPY, NOKSEK, USDMXN, USDRUB, USDSEK, USDNOK, USDDKK, USDCNH. START TRAINING * Please note that 100 USD are not withdrawable and can only be used as a participation fee to join the Forex Finals competition. Read more about the terms of the contest Forex School (October) in this thread at ForexСup forum.

FXOpen Launches Round 3 of Regular Contest "Forex Finals" for PAMM Providers FXOpen is again in search of successful PAMM account Providers. Starting from September 19, the broker resumes the competition on live accounts "Forex Finals", the winners of which receive PAMM accounts with deposits of $ 1,000 and more. We are approaching Round 3 of the regular tournament. Structure of Round 3: ・6 tours (Tour XIII - Tour XVIII); ・one tour lasts for 4 weeks. Top 3 winners of the tournament will be determined by the total amount of points scored for 6 tours. As a reward for successful trading, they will receive: 　1st place – PAMM ECN with $3,000; 　2nd place – PAMM ECN with $1,000; 　3rd place – PAMM ECN with $1,000. PARTICIPATE Round 3 of "Forex Finals" begins with Tour XIII: Dates: September 19-October 14 2016; Prize fund: 1,400 USD; Winners` reward: 　1st place – PAMM STP with 1,000 USD; 　2nd place – 200 USD; 　3rd place – 100 USD; 　4th place – 50 USD; 　5th place – 50 USD. Note the new conditions to be eligible for the prize: ・the minimal trading volume per tour is 0.5 lots; ・the initial deposit has to be increased by at least 20%. Initial deposit: 100 USD on STP; Trading restrictions: none. Any trading instruments available on FXOpen STP accounts, any trading strategies, Advisors (AEA, MEA, etc.) and any other standard MT4 software applications are permitted; Registration: open from September 2nd and throughout the competition. You don`t have to get registered again if you already participated in one of the previous tours. GET REGISTERED Read more about the terms of "Forex Finals" at ForexCup forum. FXOpen Customer Service Source: FXOpen company news

FXOpen now accepts deposits and withdrawals via paysafecard FXOpen is pleased to present paysafecard - the latest addition to the list of available deposit and withdrawal options. paysafecard is a leading provider of online prepaid payment methods. To deposit funds to your FXOpen eWallet and withdraw you need to register and create a paysafecard account. Your paysafeсard account can be topped up using a 16-digit PIN worth of 5, 10, 25, 50 or 100 EUR. You can buy them at sale outlets in over 30 countries worldwide. Deposit via paysafecard The purchase of a PIN is anonymous; it does not require disclosing your personal information or IDs. You can manage all your PINs and control spending via the paysafecard online account. paysafecard also offers a mobile app to help you find the nearest points of sales and pay on the go. 　How to deposit or withdraw via paysafecard: Log in to My FXOpen and select paysafecard in the Add Funds or Withdraw Funds menu. Fill in the form indicating the amount of payment, currency, FXOpen trading account number, etc. Click Add Funds/Withdraw Funds. You will be transferred to the paysafecard web page to complete the transaction. Deposits are instant. Withdrawals are typically processed within 1 business day and without commission. Follow us on Facebook, Twitter and Google+. FXOpen Customer Service E-mail: sales@fxopen.com Live Chat (24/5) Source: company news

FXOpen Issues Branded Debit Card for Clients FXOpen is pleased to offer its customers the unique co-branded MasterCard prepaid cards by ePayments. This is a convenient and reliable way to deposit funds to your FXOpen account and withdraw. You can use the card to make purchases online and at points of sale, as well as to withdraw cash at ATMs. The currencies available for card holders are USD and EUR. It costs 35 USD or 29 EUR to issue the unique FXOpen card. Follow this link to find out more about the fees and limits. To order a card, log in to your My FXOpen area and select Add account -> Debit cards -> Master Card. You will see two options: request a new card or link an existing card to your FXOpen eWallet. You can benefit from the special low fees and quick transaction processing, when using the ePayments card to deposit or withdraw. Deposits are made instantly with the commission of only 1%. Withdrawals are typically processed within 1 hour during the working hours and the commission makes 0%. Follow us on Facebook, Twitter and Google+. FXOpen Customer Service E-mail: sales@fxopen.com Live Chat (24/5)

FXOpen Adds Deposits and Withdrawals via ePayments FXOpen is glad to inform its customers of a new option of depositing and withdrawing funds. We have expanded our list of over 20 methods of money transfer to include ePayments. You can benefit from the special low fees and quick transaction processing, when using the ePayments e-Wallet or card. Deposits are instant with the commission of only 1%. Withdrawals are typically processed within 1 hour during the working hours and the commission is 0%. To deposit or withdraw via ePayments: 1) Log in to My FXOpen areaand select ePayments in the Add Funds/Withdraw Funds menu. 2) Fill in the form indicating the amount of payment, currency, FXOpen trading account number, etc. Click Add Funds/WithdrawFunds. 3) You will be transferred to the ePayments web-page to complete the transaction. FXOpen Customer Service

Build Your Trading System, or How to Earn from Forex Knowing Biggest Banks’ Behavior In this article, I would like to explore the issue of trading. My own trading ideas and attitudes that influence decision-making. In fact, I’m not that experienced to think of myself as an expert in trading, but I have been trading long enough to develop my own view on the issue. I hope it may seem helpful to some of the readers. My key message is that the counterpart of your trading on the broker’s side is people like you who are also enthusiastic about the market, who devote every day to analyzing the price movements and earning from trading. I believe that an effective trading system should be built on the following three principles: Money management; Determine market conditions; Determine entry/exit. Let me give you an example, just to be clear what I mean. For example, you know that the United States adopted ‘quantitative easing’, and so gold is likely to go up. This is a condition that will affect the price. Follow your rules, and you establish the point on the chart where you plan to open and close the deal. This is a technique of entry and exit. Before you open a trade you will also have to address the issue of risk control and position volume. Here you are involved in money management. No doubt all three elements are equally important and need appropriate attention. However, today I would like to talk just about the conditions. I am convinced that it is the core of any trading system. What are conditions? Primarily the сonditions determine when and where to open a position. A couple of examples from my practice: Until January 2015, for three years there was bind between the Swiss franc and the euro. During this time, many trading systems were built on this idea. Certainly this example has caused many a smile as we all know how that story ended, but I assure you that a lot of people made money on it. More than the rest, it affected the brokers and not the traders. The following example is a period of low volatility in an early Pacific session, after the closing of the largest venues. This time is often used by algorithmic traders to run their robots. Even the upcoming British exit from the Eurozone (Brexit) could act as a condition. This fact will undoubtedly influence the value of the British pound against other currencies. As you can see there are a lot of conditions that affect the price. Some affect the price constantly from day to day, others come and go. Naturally there arises the question of choice. By making this choice, each one of us relies on his own belief system. Someone believes in technical analysis and for him the history of price movement is the most important thing. The other believes the wave theory, etc. In any case, this choice will be driven only by your own belief system. I stop here, because for the longest time I could not answer this question. What do I believe? What ideas or tools would I trust more than others? And despite the fact that today I have already decided, and with ideas and with tools, I keep asking myself this question in the search for more efficient tools for analyzing markets. My belief system As we all know, most traders lose money. Hence there is a small percentage that take all the money. Because if someone lost, someone else won. This is certainly a very simplified model, but it is important to understand that the profit of one of the participants is the sum of the losses of others. When I say loss I do not mean loss in the literal sense, but rather what someone paid for it. Maybe even paid voluntarily and on their own. The result is a certain group that distributes among themselves the loss of all the other participants. Naturally the question arises – who are they? For me it’s the biggest financial institutions in the world: Deutsche Bank, UBS, Citibank, Barclays, HSBC, Bank of America, Goldman Sachs, JP Morgan etc. I believe that these structures take the entire risk which other participants want to get rid of and are willing to pay for it. Once these financial institutions assume the risk they will do everything possible to avoid a scenario in which they lose money. On this basis, when I determine the conditions my idea is to open trades in the direction which would correspond to the interests of this group of participants. The tools I use At the moment, I use two reports to track the behavior of these participants on the market. 1. Commitments of Traders (COT) 2. Daily Bulletin of CME In this article I am not elaborating on how you built these reports and what information they contain. Let me just say that on the basis of the first report, I analyze the structure of open interest on currency futures, and on the basis of the second I evaluate the balance of open interest at optional strikes on the same future contracts. I’d like to emphasize three benefits of using this market data to determine market conditions: 1. Accessibility – this data is free. 2. Regularity – you can build a workflow and track the dynamics of changes in the conditions. 3. Concreteness – we get very accurate and specific information in both reports. The conclusion: the basis of each system should be the idea that reflects only your own belief system and not someone else’s. That is why it is very difficult to follow a trading system created by someone else, not you personally. And that’s why, when we study the experiences of the best traders of the world, we always see their own individual approach. If you are wondering how I build my workflow, how I analyze the data and how I interpret it, please leave a comment on this article. Translated article from S. Shirko`s blog.

FXOpen Resumes "Forex School" Contest on September 1 FXOpen resumes admitting students to "Forex School". As the name suggests this is a free Forex contest intended primarily for beginners. You can take a short course of practical training from September 1 to 16 at ForexCup site. The contest is held on demo accounts with no participation fees. 20 best graduates will share 2,000 USD of the prize money from FXOpen. They will also be automatically admitted to participate for free in the competition on live accounts "Forex Finals". REGISTER HERE What you should know about Forex School (September): duration: September 1-16, 2016; registration: August 5-September 9, 2016; prize fund: 2,000 USD; winners and reward: 20 best traders get 100 USD each (not withdrawable*); requirements to get a prize: the initial deposit has to be increased by at least 30% and the minimum quantity of trades is 10. Note the restrictions: 1. the prize-winner of the contest who wishes to participate further in the following "Schools" has to skip one contest; 2. one contestant can get into the top 20 winners and receive the prize no more than twice. Terms of the contest: free participation; initial deposit: 100 USD; leverage: 1:500; locking: allowed; EAs: allowed; maximum number of trades opened at a time (including pending orders): 100; minimum trades quantity: 10; trading platform: MetaTrader 4 (download); trading instruments: EURUSD, GBPUSD, USDJPY, USDCHF, USDCAD, AUDUSD, NZDUSD, EURGBP, GBPCHF, GBPJPY, GBPNZD, GBPCAD, GBPAUD, GBPSGD, EURCHF, EURAUD, EURJPY, EURCAD, EURNZD, EURSEK, EURDKK, EURTRY, EURNOK, EURPLN, EURHKD, AUDCAD, AUDJPY, AUDCHF, AUDNZD, CADJPY, CADCHF, CHFJPY, NZDCHF, NZDCAD, NZDJPY, NZDSGD, XAUUSD, XAGUSD, SGDJPY, USDTRY, USDHKD, USDSGD, USDPLN, HKDJPY, NOKJPY, NOKSEK, USDMXN, USDRUB, USDSEK, USDNOK, USDDKK, USDCNH. SIGN IN! * Please note that 100 USD are not withdrawable and can only be used as a participation fee to join Forex Finals competition. Read more about the terms of the contest Forex School (September) in this thread at ForexСup forum. Source - FXOpen news

FXOpen Resumes "Forex School" Contest on September 1 FXOpen resumes admitting students to "Forex School". As the name suggests this is a free Forex contest intended primarily for beginners. You can take a short course of practical training from September 1 to 16 at ForexCup site. The contest is held on demo accounts with no participation fees. 20 best graduates will share 2,000 USD of the prize money from FXOpen. They will also be automatically admitted to participate for free in the competition on live accounts "Forex Finals". REGISTER HERE What you should know about Forex School (September): duration: September 1-16, 2016; registration: August 5-September 9, 2016; prize fund: 2,000 USD; winners and reward: 20 best traders get 100 USD each (not withdrawable*); requirements to get a prize: the initial deposit has to be increased by at least 30% and the minimum quantity of trades is 10. Note the restrictions: 1. the prize-winner of the contest who wishes to participate further in the following "Schools" has to skip one contest; 2. one contestant can get into the top 20 winners and receive the prize no more than twice. Terms of the contest: free participation; initial deposit: 100 USD; leverage: 1:500; locking: allowed; EAs: allowed; maximum number of trades opened at a time (including pending orders): 100; minimum trades quantity: 10; trading platform: MetaTrader 4 (download); trading instruments: EURUSD, GBPUSD, USDJPY, USDCHF, USDCAD, AUDUSD, NZDUSD, EURGBP, GBPCHF, GBPJPY, GBPNZD, GBPCAD, GBPAUD, GBPSGD, EURCHF, EURAUD, EURJPY, EURCAD, EURNZD, EURSEK, EURDKK, EURTRY, EURNOK, EURPLN, EURHKD, AUDCAD, AUDJPY, AUDCHF, AUDNZD, CADJPY, CADCHF, CHFJPY, NZDCHF, NZDCAD, NZDJPY, NZDSGD, XAUUSD, XAGUSD, SGDJPY, USDTRY, USDHKD, USDSGD, USDPLN, HKDJPY, NOKJPY, NOKSEK, USDMXN, USDRUB, USDSEK, USDNOK, USDDKK, USDCNH. SIGN IN! * Please note that 100 USD are not withdrawable and can only be used as a participation fee to join Forex Finals competition. Read more about the terms of the contest Forex School (September) in this thread at ForexСup forum. Source - FXOpen news

10 Most Common Mistakes Made by Novice Forex Traders Do you want to try trading Forex and succeed? Start with learning the most common mistakes beginners make in the foreign exchange market. Here`s our top 10: 1. Intuitive trading decisions. The foreign exchange market is not a casino. However, novice traders view it as such, so they use mainly their intuition to make their decisions. While this may sometimes result in success, but ultimately, the trader ends up failing and losing money. 2. Unreasonable expectations. Some Forex companies promise in their promotions that you’ll get rich in no time. Don’t believe them. Yes, there are people who end up rich trading Forex, but there are also those who make a fortune by selling houses. In both cases, this does not happen in one day. It can take years to build up the right experience and turn Forex trading into a full-time profitable job. 3. Uncontrolled emotions. The main enemy and biggest mistake trigger of a novice trader is his emotions. When watching the deposit increase or decrease, beginners can lose their minds and take hasty steps to get more money or to stop losing it. This approach is no good. Decision-making should be well-reasoned, rather than emotion-based. In order not to increase tension, place a take-profit and a stop-loss and leave the market alone; don`t monitor it day and night. 4. Inability to use a stop-loss and a take-profit. When you place a market order and leave it open, you put the entire trading account at risk. For example, when you open a long position for the EUR/USD pair, you can put a stop-loss so that your Buy order will automatically close if the price falls below a certain level. You can limit the amount of losses for each separate order, especially if you’re unable to monitor the market all the time. A take-profit order works the same way: it locks in profits by setting a level at which the position should be closed. Learn another 6 common mistakes here.

FXOpen Adds mBTC as ECN Account Currency Dear clients, FXOpen is pleased to announce that now you can open ECN accounts in mBTC (millibitcoins)*. Starting from 27 July 2016, you can make a commission-free deposit and withdraw funds in your favorite cryptocurrency with no conversion losses. To open a millibitcoin account, log in to My FXOpen area and open an ECN account and select mBTC as an account currency. We remind you that in addition to the new currency, FXOpen clients can open ECN accounts in USD, RUB, AUD, EUR, CHF, GBP, JPY, SGD, Gold. Learn more about the trading conditions on ECN accounts here. * 1 mBTC (millibitcoin) = 0.001 BTC Follow the updates on Facebook, Twitter and Google+. FXOpen Customer Service E-mail: sales@fxopen.com

The “Lord of the Crypto”: Free Contest by FXOpen Starts on July 25th FXOpen and ForexCup decided to please cryptocurrency fans this summer. The new contest called "The Lord of the Crypto" will include 16 trading pairs with such popular cryptocurrencies as Bitcoin, Litecoin, Ethereum, Namecoin, Peercoin and Dash. The contest is held from July 25 to August 19, 2016. Join the fight for free and compete for the prize fund of 2 000 USD! REGISTER “The Lord of the Crypto” facts and figures: dates: July 25 - August 19, 2016; registration dates: July 8 - August 7, 2016; prize fund: 2 000 USD; number of winners: 10; money prizes: 1st place - 800 USD; 2d place - 300 USD; 3d place - 200 USD; 4th place - 100 USD; 5th place - 100 USD; 6th place - 100 USD; 7th place - 100 USD; 8th place - 100 USD; 9th place - 100 USD; 10th place - 100 USD. Attention! The above-mentioned money prizes are not withdrawable and can only be used for trading on FXOpen Crypto accounts. To get the money, you will have to open a Crypto account, email us at info@forexcup.com and indice your account number. Profit from trading can be withdrawn at any time via any payment system available with FXOpen. Contest terms: free participation; contest account: competition ECN; initial deposit: 5 000 USD; leverage: 1:3; EAs: allowed; locking: allowed; lot volume: from 0.10 to 1.00 (maximum 1 lot per order); trading instruments: BTCEUR, BTCRUB, BTCUSD, LTCBTC, LTCEUR, LTCRUB, LTCUSD, NMCBTC, NMCUSD, PPCBTC, PPCUSD, ETHUSD, ETHBTC, ETHLTC, ETHRUB, DSHBTC; trading platform: MetaTrader 4 (download). Additional restrictions: total trades minimum quantity: 10; total trades minimum volume (lots): 10; maximum number of trades opened at the same time (including pending orders): 5; to get the prize, you have to increase the initial deposit by at least 10%. JOIN THE FELLOWSHIP OF CRYPTO Read more about the terms of the contest in the Lord of the Crypto thread at ForexCup forum.

The “Lord of the Crypto”: Free Contest by FXOpen Starts on July 25th FXOpen and ForexCup decided to please cryptocurrency fans this summer. The new contest called "The Lord of the Crypto" will include 16 trading pairs with such popular cryptocurrencies as Bitcoin, Litecoin, Ethereum, Namecoin, Peercoin and Dash. The contest is held from July 25 to August 19, 2016. Join the fight for free and compete for the prize fund of 2 000 USD! REGISTER “The Lord of the Crypto” facts and figures: dates: July 25 - August 19, 2016; registration dates: July 8 - August 7, 2016; prize fund: 2 000 USD; number of winners: 10; money prizes: 1st place - 800 USD; 2d place - 300 USD; 3d place - 200 USD; 4th place - 100 USD; 5th place - 100 USD; 6th place - 100 USD; 7th place - 100 USD; 8th place - 100 USD; 9th place - 100 USD; 10th place - 100 USD. Attention! The above-mentioned money prizes are not withdrawable and can only be used for trading on FXOpen Crypto accounts. To get the money, you will have to open a Crypto account, email us at info@forexcup.com and indice your account number. Profit from trading can be withdrawn at any time via any payment system available with FXOpen. Contest terms: free participation; contest account: competition ECN; initial deposit: 5 000 USD; leverage: 1:3; EAs: allowed; locking: allowed; lot volume: from 0.10 to 1.00 (maximum 1 lot per order); trading instruments: BTCEUR, BTCRUB, BTCUSD, LTCBTC, LTCEUR, LTCRUB, LTCUSD, NMCBTC, NMCUSD, PPCBTC, PPCUSD, ETHUSD, ETHBTC, ETHLTC, ETHRUB, DSHBTC; trading platform: MetaTrader 4 (download). Additional restrictions: total trades minimum quantity: 10; total trades minimum volume (lots): 10; maximum number of trades opened at the same time (including pending orders): 5; to get the prize, you have to increase the initial deposit by at least 10%. JOIN THE FELLOWSHIP OF CRYPTO Read more about the terms of the contest in the Lord of the Crypto thread at ForexCup forum.

FXOpen Simplifies Withdrawal via Credit/Debit Cards Dear Customers, FXOpen is glad to inform you that we have improved the terms of withdrawing money from accounts via Credit/Debit cards. There`s no need to wait 30 days after the date of your latest deposit. Funds can now be withdrawn at any time provided that deposit and withdrawal are made via one and the same card. Please note that withdrawing your funds with another payment option is available after 30 days of the Credit/Debit card deposit date. If deposits were made from multiple Credit/Debit cards, FXOpen finance department will deal with each such case individually and decide on the method and timeframe of profit withdrawal. FXOpen Customer Service