No Deposit Bonus - Welcome Bonus Robo Forex

Link: $15 no-deposit bonus from RoboForex
Dates: all year 2011
Bonus: free $15 - no deposit required
How to get: Apply for a welcome account with RoboForex

The RoboForex is glad to present «Welcome bonus», a new no deposit bonus service which can be of a great help to beginner traders, and a good opportunity to try trading using real forex accounts at RoboForex!
View instructions how to get «Welcome bonus».
We’d like to pay your attention to the fact that our Technical Support Service gives no answers to the questions on No Deposit Bonus, as the system operates automatically. If you have any question, please, visit «Welcome bonus» FAQ.
Conditions of no deposit bonus «Welcome bonus 2.0» service are the following
«Welcome bonus 2.0» is $15 (1500 cents transferred to your account). It’s available for verified clients using Fix-Cent & Pro-Cent usd cent accounts only.
Please note that «Welcome bonus 2.0» service is available for new clients only!
There are some trading restrictions for accounts with «Welcome bonus»:

- an order is 0.1 lot;
- maximum number of open orders is 10;
- only metals and currency pairs are available for trading.

In case of cancel bonus client must pay commission $15 and restrictions are not removed! These restrictions will be removed as soon as the equity on the bonus account exceeds $100 (10000 cents) due to profit earned or client’s depositing the account with his/her own funds. After the equity exceeds $100, the account will become a real one and all restrictions will be removed in the following order:

- automatically within an hour, if there are no open orders;
- automatically within a day, if there are open orders.

A client can withdraw bonus from the account, if the total amount of the lots on his/her account is:

- 500 microlots (5 standard lots) for Fix-Cent accounts;
- 750 microlots (7.5 standard lots) for Pro-Cent accounts.

One is allowed to withdraw profit from the bonus accounts taking into consideration onetime commission of $15 during the first withdrawal. HOWEVER, after the bonus account becomes a real one (art. 2), no onetime commission will be charged.

You must use the same account details for payments each time you withdraw profit from your bonus account. In case these very account details for payments are used to withdraw profit from other bonus accounts, the company reserves the right to write the bonus off the accounts, as well as the profit gained when trading using these bonus accounts.

Partners DO NOT receive commission for transactions on bonus accounts. HOWEVER, after the bonus account becomes a real one (art. 2), partners will receive commission for orders according to the normal procedure.

How to get no deposit «Welcome bonus»

«Welcome bonus» is credited only once for each client when (s)he opens a new trading account.
In order to avoid any type of fraud involving no deposit bonus, the system that checks and transfers bonuses to our clients’ accounts is operating automatically.
RoboForex reserves the right to cancel «Welcome bonus» without any explanation.

Conditions of operating no deposit bonus accounts:

Bonus can be withdrawn if the requirements of the bonus program are fulfilled.

Up to the moment the requirements of the bonus program are fulfilled, only profit can be withdrawn, taking into consideration onetime commission during the first withdrawal.

Example: You got 1500 cents as a bonus. If your profit after trading is 2500 cents, then, according to our conditions, you can withdraw 1000 cents, i.e. minus onetime commission of 1500 cents during the first withdrawal (next time you withdraw your profit no commission will be charged).

A client can deposit bonus account with his/her own funds (in order to meet the requirements more quickly). In case of negative balance on the account, our policy is that a client loses his/her own funds in the first place.

Example: You got 1500 cents as a bonus and deposited your account with your own 1000 cents. If your profit after trading is -500 cents, then, according to our conditions, you can withdraw 500 cents, i.e. your own funds minus profit.

Only closed deals on the following currency pairs are taken into account for fulfillment of the requirements on transactions:

List of currency pairs for fulfillment of the requirements on transactions:
AUDCAD
AUDCHF
AUDJPY
AUDNZD
AUDUSD
CADCHF
CADJPY
CHFJPY
EURAUD
EURCAD EURCHF
EURDKK
EURGBP
EURJPY
EURNOK
EURNZD
EURPLN
EURSEK
EURUSD
GBPAUD GBPCAD
GBPCHF
GBPJPY
GBPNZD
GBPUSD
NZDCAD
NZDCHF
NZDJPY
NZDUSD
USDCAD USDCHF
USDDKK
USDHKD
USDJPY
USDMXN
USDNOK
USDPLN
USDSEK
USDSGD
USDZAR
RoboForex reserves the right to cancel bonuses from the accounts without giving any reasons and/or advance notice.

How «Welcome bonus» is deposited to your account

When registering a new account you need to choose USD currency, Pro-Cent or Fix-Cent account, select “Get Welcome Bonus 2.0?”, and agree to terms and conditions of the bonus program by selecting “I agree to terms and conditions of the Bonus Program”.

Please, note, the automatic system, which checks the recurrent bonus transfer and transfers bonuses to our clients’ accounts, may deny Your attempt to register a new bonus account. In this case, You won’t be able to receive bonus from RoboForex.
After registering a new account you need to pass the verification in your Live Account.

After the account is registered, you need to download MetaTrader 4 the trading terminal of the RoboForex and login entering the information sent to your email.

After a successful authorization in the RoboForex MetaTrader4 client terminal, you need to customize it. Make sure that Your terminal allows You to use Expert Advisors (EA) as shown on the figure below:

MetaTrader4 terminal menu: "Tools -> Options -> Expert Advisors"
MetaTrader4 RoboForex settings EA for verify_client
After installation options for Expert Advisers (EA), you need to double-click on «verify_client» to start the script (“Navigator -> Scripts” section of the trading terminal).

How welcome bonus is deposited - step 3
After the «verify_client» script is started, you will be notified that «Welcome bonus» has been successfully credited to your account.

How welcome bonus is deposited - step 4
Please, note, if the «verify_client» script doesn’t start, it means that You don’t have access rights to the folder where the RoboForex MetaTrader4 client terminal has been installed to, "C:Program FilesMetaTrader4 - RoboForex". You need to the gain access rights or run Your personal computer as an Administrator to start the «verify_client» script.

What Is Forex and traded in forex?

Blogging and Forex ZRGRZMXMFVK3,What Is Forex and traded in forex?
Trading FOREX (Foreign Exchange) or better known as the Forex (Foreign Exchange) is a type of trade transaction currency (currency) of a country's currency (the currency) other countries. With an average daily volume of U.S. $ 2 trillion, the Forex Market 46 times greater than all the combined market share and is therefore called the most liquid market in the world. Forex Market is a market that is open for 24 hours continuously

How a Forex?

Blogging and Forex ZRGRZMXMFVK3,How a Forex?
Forex trading (Forex) is the exchange of one currency against other currencies in order to gain profit (profit) of the difference in currency values. For example:

A trader profits from the transaction BUY Pounds (Great Britain Pounds / GBP)

Trader What Do Great Britain Pounds (GBP) U.S. Dollars (USD)
A trader bought 10,000 pounds in early February 2007 when the price of GBP / USD 1.9800. (Buy GBP / USD) +10.000 -19.800 *
The next day, the trader 10.000 pounds exchange back into U.S. dollars at a price of 2.0000. (Sell GBP / USD) +20.000 -10.000 **
In this example, the trader earned a gross profit of $ 200. 0 +200

* $ 10,000 x 1.9800 = U.S. $ 19.800
(Traders are buying USD 10,000 by selling U.S. $ 19,800)
** $ 10,000 x 2.0000 = U.S. $ 20,000
(The trader sells GBP 10000 by purchasing U.S. $ 20,000)

Action Meaning
Buy EUR / USD Buying EUR by selling USD
Sell ​​EUR / USD Sell AUD to buy USD

Currency Pair (Currency Pair)

Blogging and Forex ZRGRZMXMFVK3,Currency Pair (Currency Pair)
Currency (Currency) is always a pair or pairs for each forex transaction means you buy a currency and simultaneously selling another currency. For example rate / exchange rate for the pair GPB / USD GPB / USD = 1.8500, meaning that 1 pound is $ 1.85 USD.

Cross Rate is a currency pair (pair) that do not contain the official currency of a country where the currency is traded, such as foreign exchange transactions conducted in the U.S. (the official currency is USD). This means that the currency pair that does not contain the USD is the cross rate of USD. An example is the GBP / JPY, EUR / GBP, etc.. Pairs that do not involve USD and EUR are called euro involves cross like EUR / GBP.

Currency Pair (Pair) consists of two different currencies quote. Currencies are located on the left is the base currency. as an example of the GBP / USD then GBP called base currecy. While the USD is the quote currency or counter currency.

An example is the quote EUR / USD 1.2500, where as a base currecy EUR and USD as the quote currency. This means that USD 1 is worth U.S. $ 1.25.

If the quote moves from EUR / USD 1.2500 to EUR / USD 1.2510, the euro gained and weakened U.S. dollar. Vice versa if the quote moves from EUR / USD 1.2500 to EUR / USD 1.2490, the euro weakened and the U.S. dollar higher

Currency Pair Graph (Chart) moves EUR (base) USD (quote)
EUR / USD Rise Strengthens Weakens
EUR / USD Down Weakens Strengthens

When you BUY EUR / USD will mean you buy the base currency (EUR) and at the same time selling the quote currency (USD). If you SELL EUR / USD will mean you sell the base currency (EUR) and at the same time buying the quote currency (USD).

Buy EUR / USD -> Buy EUR / Sell USD
Sell ​​EUR / USD -> Sell EUR / Buy USD

Another example:

Pair EUR / USD:
For the prediction of EUR strengthened against the USD, you can BUY EUR / USD
For the prediction USD strengthened against the EUR, you can SELL EUR / USD

Pair USD / JPY:
For the prediction USD strengthened against the USD, you can BUY USD / JPY
For the prediction USD strengthened against the USD, you can SELL USD / JPY

Major Currencies

Blogging and Forex ZRGRZMXMFVK3,Major Currencies
Major currencies that are common and are often traded in the world are:

Symbol Country Currency
USD United States Dollars
EUR Euro members Euro
GBP Great Britain Pound
JPY Japan Yen
CHF Switzerland Franc
CAD Canada Dollar
AUD Australian Dollar

Forex market is 24 hours continuous open 5 days per week

Blogging and Forex ZRGRZMXMFVK3,World Forex Market
Forex market is 24 hours continuous open 5 days per week. The table below us for a second that is based on the New York Times when Day Light Saving Time (DST) and Eastern Standard Time (EST or ET). Starting on March 9, 2008 - 2 November 2008 using the DST (GMT 11 hour faster than the NY Times DST), whereas on 2 November 2008 - March 8, 2009 using the EST (GMT 12 hours faster than the NY Times EST), and so on. For the full list you can check in http://timeanddate.com/worldclock/timezone.html?n=179

Timezone New York (ET / EDT) GMT GMT
Tokyo Open 7:00 7:00 00:00 pm
Tokyo Close 4:00 am 9:00 16:00
London Open 3:00 8:00 15:00 pm
London Close 12:00 pm 17:00 00:00
New York Open 8:00 am 13:00 20:00
New York Close 5:00 pm 22:00 5:00


New York Timezone (DST) GMT GMT
Tokyo Open 7:00 6:00 23:00 pm
Tokyo Close 4:00 am 8:00 15:00
London Open 3:00 7:00 14:00 pm
London Close 12:00 pm 16:00 23:00
New York Open 8:00 am 12:00 19:00
New York Close 5:00 pm 21:00 4:00

Smallest Currency Unit (point / pip) and Contract Size

Blogging and Forex ZRGRZMXMFVK3,Smallest Currency Unit (point / pip) and Contract Size
Point (pip) is the smallest unit of price movements in the forex. One point (pip) for GBP / USD is 0.0001 while the single point for the pair USD / JPY is 0.01. Example: Pair GBP / USD, the movement of 1.8500 to 1.8550 is 50 points.
The value per point (pip) depend on the number of contract size (lot) and the currency used.

Contract Size (Lot) is the smallest amount in forex trading. In general, the contract size (lot) which is often used is the Standard Lot, Mini and Micro Lot Lot Standard Lot is $ 100,000, Lot is $ 10,000 Mini and Micro Lot is $ 1000.
If your forex broker supports the Standard and Mini Lot, then that means you can trade with a number multiples of 100,000 and 10,000. For example: $ 30,000, $ 120,000, and others.

Quote / rate currency
Forex quotes consist of the price of 2 prices, ie lower price (Bid) and a higher price (Ask / Offer).
Bid is the price you sell to forex broker (dealer) or the price at which forex broker (dealer) will buy from you. While Ask / Offer is the price you buy from forex broker (dealer) or the price at which forex broker (dealer) will sell to you. Bid is generally lower than the Ask.

Bid and Ask price difference is the Spread. The smaller the spread dealers more profitable forex trader.

Quote from forex looks like this:

forex quote

Quote namely EUR / USD Bid / Ask: 1.2293/96. Means the selling price to your broker and the buying price of 1.2293 is 1.2296 broker. 1.2296-1.2293 spreads is 3 points.

Example:
You open BUY (Long) EUR / USD at price 1.2296 (Ask), then if the bid is now showing the price of 1.2293, it means you're still a loss of 3 pips. Therefore, every time you open the position will certainly take place minus a spread (ie for example 3 for EUR / USD). To get the profit you have to wait until the price bid on the table more than the price UP 1.2296

Please note:
When you open a Buy position (Long), that means you open a position with the ask price, and then will be closed (close / liquid and including stop loss and profit targets) using the bid price.

When you open positions Sell (Short), that means you open a position with the bid price, and then will be closed (close / liquid and including stop loss and profit targets) using the ask price.

Position Open to Close (TP * / SL **) with
Buy (Long) Price Ask Price Bid
Sell ​​(Short) Price Bid Price Ask

* TP = Take Profit
** SL = Stop Loss