Why JustForex is The Best Forex Website For You
Ok, in today, we will be talking about JustForex platform and few reasons why you should use them.
There are a different reason why one chooses a Forex trading platform but the common reason with majority of persons is to funds security and platform transparency.
There are many forex trading platforms you can trade with but in this episode, i will be giving 6 good reasons why JustForex trading platform is good for you, How to create a Just forex account and Free trading Signal from the platform.
So, below we get started, we need to know what JustForex is;
JustForex is a forex broker website that helps JustForex is a retail forex broker that provides trades the access to the foreign exchange market and offers great trading conditions on accounts such as Cent, Mini, Standard, ECN Zero, Crypto, a wide choice of trading instruments, a leverage up to 1: 3000, tight spreads, market news, and economic calendar.
- Spreads from 0 pips
Low floating spreads on all types of accounts, spreads from 0 pips on ECN Zero accounts.
- Mobile versions of MT4
Unlike some other trading platforms that support mainly Web trading, You can trade anytime and anywhere using mobile versions of JustForex MT4 platform.
- Leverage up to 1:3000
An opportunity to choose convenient leverage from 1:1 to 1:3000 which is great for profit maximization.
- 90+ trading instruments.
There are vast currency market trading pairs you can trade, precious metals for traders who want to earn on different markets on JustForex website. Kindly hover and determine the market you want to trade to make money as a trader on the Justforex.com
- All strategies are allowed
On the JustForex platform, you get to have access to trading using
- expert advisors
- Hedging
- news trading
- Scalping, etc.
This approach helps you as a trader helps you with basic fundamental analysis on your trading. Since news and event can affect technical analysis that have been done to get price predictions.
- Order execution from 0.05 s
Some platform will delay in executing your open orders. With JustForex, your orders gets executed in microseconds during normal conditions on the market.
How to Get Started With JustForex
- Created a JustForex account is pretty easy, kindly follow the steps below to get started. Kindly go to JustForex social trading page at https://justforex.com/trading/social-trading to get started.
- You will be taken to a page where you will need to select your account trading type. Kindly choose the account type of live account that suits you or open a demo trading account to get started. ( for the purpose of this guide, i picked a Standard account)
- Next, after selecting the account type, kindly fill out the back office registration form in the next page. When you’re done, click on ‘Register’ See image below;
- After the back office registration, you will also need to fill the ‘open first account’ form in the next page. see image below;
Free Trading Signals From JustForex to Get You Started
If you’re a beginner, the free trading signals below and help you get started with JustForex platform.
In the Example of the trade signal we want to use, we will use the British pounds against the United State dollar market.
Today’s Free Trade Signal example: GBP/USD Signals
Risk 0.75% per trade.
Trades must be entered before 5pm London time today only.
Short Trades
- Go short following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1.2673 or the descending trend line which currently sits at about 1.2762 which is shown in the price chart below.
- Place the stop loss 1 pip above the local swing high.
- Adjust the stop loss to break even once the trade is 25 pips in profit.
- Remove 50% of the position as profit when the price reaches 25 pips in profit and leave the remainder of the position to run.
Long Trades
- Go long following a bullish price action reversal on the H1 time frame immediately upon the next touch of the broken bearish trend line below the current price now sitting at about 1.2600 as shown in the price chart below, or 1.2364.
- Place the stop loss 1 pip below the local swing low.
- Adjust the stop loss to break even once the trade is 25 pips in profit.
- Remove 50% of the position as profit when the price reaches 25 pips in profit and leave the remainder of the position to run.
The best method to identify a classic “price action reversal” is for an hourly candle to close, such as a pin bar, a doji, an outside or even just an engulfing candle with a higher close. You can exploit these levels or zones by watching the price action that occurs at the given levels.
GBP/USD Analysis
There was no reason why we would not see lower prices still over the short-term and I thought it made sense to take a generally bearish bias on the British Pound. As it happened, there was such a reason, which emerged a little after the time of writing, which was the vote of no confidence in the British Prime Minister which was triggered my some of her own party’s Members of Parliament. As a consensus quickly emerged that she would survive the vote, the British Pound rose quite strongly, breaking up past resistance and continuing to challenge the higher resistance level at 1.2673. Another bullish sign is that the broken trend line now seems to be acting as support at about 1.2600, which can be seen in the price chart below.
Although the Prime Minister won the confidence vote, her position and the Brexit situation really has not changed. Volatility is likely to remain high and there is a long-term weakness in the Pound, but if the government succeeds in running out the clock on Brexit, it should be able to get Parliament to vote for the deal on offer, even if that does not happen until the last minute. Once that happens, I expect the British Pound to rise sharply.
I would still take a short-term bearish bias here but only once there was a clear failure to rise above key resistance with a strong reversal.
There is nothing important due today concerning either the GBP or the USD.
Note: Before you start trading, you will need to go through some basic training which is free on the JustForex website. Learn, research and try a demo account first before trading with a real account.
Believe this helps.
Create a free account now with JustForex and start earning as a trader.
