FXChief New $100 No Deposit Bonus

It is the best way to check the company’s services and test your trading strategy chosen. You will get the No Deposit Bonus automatically inside the ForexChief mobile application, once account Verification is successfully completed.

How to get the Bonus

1. Sign up and open a trading account through THIS LINK
2. Complete Verification procedure
3. Install the android App and get the Bonus inside
4. Fulfill the required trading turnover and withdraw $100

No Deposit Bonus Advantages

✔No need to replenish your trading account with your own funds.
✔Quick verification process to receive Bonus.
✔$100 will be credited automatically inside the app after the verification is completed.
✔No Deposit Bonus has an unlimited duration.
✔Upon completion of the required turnover, $100 can be withdrawn with no restrictions.
✔Any trading strategies and robots are welcome.

Terms and Conditions of ForexChief No Deposit Bonus

⚪For crediting the $100 No Deposit Bonus, you are required to open an account MT4.DirectFX, MT4.Classic+, MT5.DirectFX or MT5.Classic+. Please note that "cent" accounts are not allowed! Such a Bonus can be credited only to the standard account.
⚪Install ForexChief app from Google Play or Huawei AppGallery and complete the verification procedure inside. No Deposit Bonus can be taken only inside the application by the client himself, and only after the verification is successfully completed!
⚪Inside the application, find the "Bonuses and Credits" section and choose the "No Deposit Bonus" option. Then choose the MT4/MT5 standard account, through which you would like to get the Bonus, and go ahead.
⚪The Profit can be withdrawn only after the trading turnover on the account has reached USD 10,000,000. The trading turnover in USD for each order is equal to the total turnover amount of two transactions: transaction for opening an order and transaction for closing an order.
⚪Maximum Profit, which can be withdrawn after turnover conditions are met, is equal to $100. Withdrawing the Profit for the first time, all the funds will be debited from the account, including the Bonus itself.
⚪MT4/MT5 account with No Deposit Bonus is a usual trading account and can be replenished without restrictions. However, as long as the Bonus is active (which means the required turnover is not completed), only your own funds can be withdrawn from the account.
⚪Even if you got the No Deposit Bonus, you are still able to get Welcome Bonus $500, but by means of another trading account.
⚪It is strictly prohibited to get the Bonus again by using a new registration! It is also prohibited to get the Bonus if your relative or a close person has already received such a Bonus. By getting the No Deposit Bonus, you agree to the right of the company to cancel the Bonus and all profit obtained through the Bonus at any time, giving no reasons!

SuperForex 50% Welcome Bonus

All SuperForex clients may take advantage of a 50% Welcome Bonus on each deposit. This aims to allow our customers to trade with greater volume and, as a result, generate more income from their positions.

All account types are eligible for the Welcome bonus. It's beneficial for all assets, including metals and indices, and it's completely tradable - completely integrated to the margin.

By applying for the Welcome bonus, you will be eligible for a recurring bonus line on each deposit. There are no restrictions on how much profits can be withdrawn. Furthermore, there are no additional requirements relating to the traded lots or trading timespan.

The advantages

Unlimited Duration

There are no time limits on trading with the Welcome Bonus. You can wait with no worries and get the finest market positions.

No traded lots requirements

To withdraw profits, you don't need to complete a certain number of traded lots. The bonus is completely integrated into the margin.

Unlimited Withdrawal

There are no restrictions on the amount of money that may be withdrawn. After withdrawal, the Welcome bonus is not canceled.

How to get bonus ?

To obtain the Welcome Bonus customers need to register a live trading account with us and click the “Get the Welcome Bonus” button in the SuperForex Dashboard.

1.

Register a live trading account

To open a live trading account, fill in the registration form below and click the 'Open Account' button. You can open an account in any currency (USD, EUR, GBP) to claim this bonus.

2.

Apply for the Welcome Bonus

Log into your live account, then go to the “Bonuses” tab on the left hand-side menu of the Dashboard and choose the Welcome Bonus. Click the “Get the Welcome Bonus” button at the bottom of the page.

3.

Fund your account and get Welcome Bonus

Activate the bonus by funding your account – the amount and deposit method are up to you. The 50% Welcome Bonus will be applied after your first deposit and will be automatically credited to your account.

GET BONUS

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Ultra-fast Scalping Strategy

We often get a lot of requests from FBS traders on how to do scalping professionally. This is indeed a difficult trading style that requires a good reaction and skills. That is why we have thorough coverage of this topic on our website. You can already find a strategy with Bollinger Bands and a 5-minute scalping strategy with two moving averages in the “Tips for Traders” section. They have something interesting in common: they both are implemented on the M5 timeframe. On this timeframe, a trader can execute multiple trades within one hour. Of course, trading at such a small timeframe requires your total attention and patience.

What if we say that you can trade even faster on the M1 timeframe? Yes, it’s possible! However, you need to follow certain steps to avoid the danger of misleading signals.

First of all, have a straightforward strategy with entry and exit rules.

Secondly, know how much risk you can take. Be sure that your take profit is at least twice bigger than your spread.

Thirdly, choose the most liquid pairs with tight spreads (EUR/USD, GBP/USD, USD/CHF, USD/JPY).

Important tip: it’s highly recommended to choose ECN accounts for scalping. They provide fast execution of orders.

If you are good with the rules we declared above, let’s look at the strategy!

Trading strategy “MACD + Bollinger Bands”

Trading setups: Bollinger Bands with 100 periods, Bollinger Bands with 20 periods, MACD (12; 9; 26).

Trading instruments: EUR/USD, GBP/USD.

Buy entry rules:
▫The fast Bollinger Bands (20) should move below the slow Bollinger Bands (100).
▫MACD needs to cross its signal line bottom-up in the oversold zone (below zero).
▫Open the “Buy Stop” order when these conditions are implemented.
▫Place the Stop Loss on the lower Bollinger Band (20).
▫If you follow a less-risky approach, locate your Take Profit on the upper border of the Bollinger Band (20).
▫For risk-takers, you need to close your position when MACD crosses signal line above zero.

Let’s look at the example.

On June 30, we traded GBP/USD. The fast Bollinger Band was moving below the slow one. Approximately at 11:16, we entered a trade at 1.1892 after the signal line of MACD crossed the indicator in the oversold zone. Stop Loss was located at 1.1884 (lower Bollinger Band (20)), while Take Profit was placed near the upper Bollinger Band (20) at 1.1898.

Sell entry rules:
▫The fast Bollinger Bands (20) should move above the slow Bollinger Bands (100).
▫MACD needs to cross its signal line upside down in the overbought zone (above zero).
▫Open the “Sell Stop” order when these conditions are implemented.
▫Place the Stop Loss on the upper Bollinger Band (20).
▫A rule for a conservative trader: locate your Take Profit on the lower border of the Bollinger Band (20).
▫A rule for risk-taker: close your position when MACD crosses signal line below zero.

On the same chart, a situation on June 30 allowed us to sell the pair. After the signal line of MACD crossed the indicator in the overbought zone and fast BB (20) started moving above the slow (100) one, we opened a position at 1.1906. We located Stop Loss at 1.1907 and Take Profit at 1.1898.

Bottom line

Scalping on the M1 timeframe is not a popular technique given the risks involved. You need to be a cold-blooded, quick decision-maker who thinks ahead and understands the action he does. We recommend you master the trading strategy above on a demo account first. This way, you will definitely become a pro in scalping.

Author / Analyst : Ekaterina Gorbatenko
Source : FBS
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