| Headquarters: | Seychelles: office 10, floor 2, Vairam Building, Providence Industrial Estate, Providence, Mahe, Seychelles Cyprus: office 102, 13/15 Grigori Afxentiou, 4003, Limassol, Cyprus |
| Foundation Year: | 2012 |
| Country: | Seychelles |
| Email: | [email protected] |
| Trade Platform: | MT4 for Desktop, MT4 Web Terminal, MT4 Android, MT4 iPhone Trader, MT4 iPad Trader MT4 Multi Terminal, MT5 for Desktop, MT5 Web Terminal, MT5 Android, MT5 iPhone Trader, MT5 iPad Trader, Platform for Android, Platform for iOS |
| Acc Funding Methods: | Credit Card, Debit Card, Western Union, Perfect Money, Neteller, Skrill, FasaPay, Internal transfer, Local Deposits, Bitcoin, TrustPay, Boleto, Multiple local methods, Sticpay, PayTrust, PayRetailers, Payment Asia, Crypto, Absa , Help2pay, Pix |
| Max: Leverage: | 1:3000* |
| Min. Deposit: | 1 |
| Base Currencies: | USD EUR GBP JPY MYR IDR THB VND KWD CNY ZAR |
| Min. Spreads: | 0.2 pips |
One of the challenges I faced when I first ventured into the forex markets was that much of the real action took place while I was asleep, or at least extraordinarily groggy and sluggish. I'm on the West Coast of the US, and when New York and London trading is in full swing, I'm usually not in a state to make good trading decisions.
At first, I tried to shift my sleep schedule around, either staying up extremely late to join some of the early trading activity or getting up far earlier than I would otherwise have considered sane or healthy to trade the tail end of the London-New York overlap.
The results of these sleep deprivation experiment (because that's really what they turned out to be) were a mounting series of losses, a growing coffee dependency, and a marked increase in my daily crankiness levels. As a rule of thumb, if you're trading while half-asleep, odds are you're not trading well.
Sleep deprivation being the mother of invention, I was driven to find a new forex strategy that would allow me to get a decent night's sleep.
The keys to this new strategy were
(a) Expanding the timeframe, I traded in from a few hours to increments of a day or multiple days
(b) Designing market predictions that would trigger trades at hours when I was normally awake - specifically, in the 4:00 pm to 5:00 pm window, Pacific Time.
(c) Investigating automated trading systems such as FX Engines that would enter and exit trades for me, no matter my state of consciousness. I now use FX Engines constantly in combination with strategies (a) and (b).
(d) Limiting the amount of time, I spend directly involved with the forex markets: staring at charts, monitoring trades, panicking about my trading strategy, and so on. This helps ensure I don't end up tracking my trades obsessively into the wee hours. (Though, as I noted in this post, I'm still not limiting my involvement in as disciplined a manner as I should. My trading discipline is still very much a work in progress!)
So, if you're facing a choice between sleep and forex, fear not -- you can design a profitable strategy that allows you to have both.