LiteForex Discussion

Dear readers!

Today I present a careful selection of books which are the most important and significant for every trader’s career. My review of useful trading literature I will start with books for beginners and finish with ones for more experienced audience.

1) «Trading for a living» by A. Elder
2) «Reminiscences of a Stock Operator» by Edwin Lefèvre
3) «Enhancing Trader Performance: Proven Strategies From the Cutting Edge of Trading Psychology» by Brett N. Steenbarger
4) «Trading in the Zone» - М.Douglas
5) «Trend Following: How Great Traders Make Millions in Up or Down Markets» by М. Covel

Read in details in LiteForex blog

LiteForex’s trading hours amended for HK50 from 29th of September 2017
Dear clients,
We would like to draw your attention to the trading schedule over the upcoming Labor Day in Hong Kong on 2nd of October 2017 (Monday) and Chinese Mid-Autumn Festival in Hong Kong on 5th of October 2017 (Thursday). Please note that trading hours for Hong Kong 50 Index (HK50) instrument, will be affected from 29th of September till 6 of October 2017.

New Trading Hours for Hong Kong 50 Index (HK50):
closes on 29th of September 2017 (Friday) at 18:45;
opens on 3rd of October 2017 (Tuesday) at 04.15;
and
closes on 4th of October 2017 (Wednesday) at 18:45;
opens on 6th of October 2017 (Friday) at 04.15.

The server time GMT +3 indicated in the schedule corresponds to the time indicated in the trading platform. Please consider this information when trading.
The instruments that are not specified in table above are traded in normal mode.
All information is intended for guidance only and it is a subject to change. Please, stay up to date.

Sincerely yours,
LiteForex Investments Limited

LiteForex became a sponsor of a badminton clinic in Malaysia
The clinic was held by Zulfadli Zulkiffli and his coach Zulkiffli Sidek
Dear clients,
The LiteForex-funded badminton clinic was organized for children from 7 to 12 years old in Malaysia. The 1.5-hour clinic allowed the participants to master basic skills and techniques under the tactful guidance of one of the leading Malay badminton players Zulfadli Zulkiffli and his coach Zulkiffli Sidek. Also, the kids had a chance to challenge Zulfadli and his coach at an 1-hour tournament held after the clinic.
Young players got a lot of positive emotions, which gave LiteForex an incentive to organise another clinic this year. Zulfadli Zulkiffli’s popularity and the popularity of badminton in Malaysia in general is only growing these days, and we are happy to make children become used to this enthralling sport.
Besides, the clinic was attended by Ahmad Fami Samsudin, LiteForex’s manager in Asia, Mohd Faisal Kassim, LiteForex’s CEO in Malaysia, and five Master Currency Strategists (MCS) of LiteForex Malaysia: MCS Director Nur Azam Amri, MCS Anas Suhail Md Ansar, MCS Sukor Salleh, MCS Mohd Hanif Azmi and MCS Zamzuri Zainon.
Zulfadli Zulkiffli is currently getting ready for his next tournaments to be held this year: Yonex French Open World Superseries 2017 in Paris on 24 - 29 October 2017, Thaihot China Open World Superseries Premier 2017 in Fuzhou on 14 -19 November 2017, Yonex Sunrise Hong Kong Open World Superseries 2017 in Kowloon on 21-26 November 2017 and Macau Open Grand Prix Gold 2017 in Macau on 28 November - 3 December 2017.
Zulfadli Zulkiffli, one of the most popular professional badminton players in the world and also LiteForex’s spokesperson in Asia, plans to participate in the 2020 Summer Olympics in Tokyo, and we are ready to help him make this dream come true!

Sincerely yours,
LiteForex Investments Limited

Dear clients,
We are pleased to inform you that new LiteForex company seminar was held on the 7th of October in Port Harcourt, Nigeria. More than 50 participants have arrived to discuss the basics of forex trade and learn some advanced approaches. Our skilled specialists were sharing their knowlege for several hours. Valuable gifts were given to the most successfull traders who visited the event.
10 participants got 100$ no deposit bonus for start their trader career.
Follow us on Facebook and don't miss your chance to take part in the next seminar!
Sincerely yours,
LiteForex Investments Limited

Every NFP, unexceptional every NFP ..............

Your mt4 platform BOOOMMM

Too Slow or frozen ............

Dear clients,

New forex articles available in LiteForex blog.

Read Forex opinions, interact with professionals, learn and step up the level of your trading!
LiteForex Traders' Blog is an independent source of information on the financial world.
The authors of articles are active traders, economic observers, investors and partners of LiteForex.

The blog format will allow you to discuss articles and ask your questions to the authors directly.

LiteForex’s trading hours amended from 22nd till 24th of November , 2017
Dear clients,

We would like to bring your attention to some changes in our trading schedule ahead of the ThanksGiving Day that will be celebrated in the USA on 23d of November 2017 (Thursday).

Please be aware that the trading hours for the following instruments will be changed from 22d (Wednesday) till 24th (Friday) of November, 2017:

Trading Instrument Symbol Close time Open time
Metals:
Gold XAUUSD 20:00 23/11/2017 01:00 24/11/2017
Silver XAGUSD 20:00 23/11/2017 01:00 24/11/2017
CFD’s (USA):
CFD NYSE all 23:00 22/11/2017 16:30 24/11/2017
CFD NASDAQ all 23:00 22/11/2017 16:30 24/11/2017
Indices:
France 40 Index CAC 23:00 23/11/2017 01:00 24/11/2017
German 30 Index FDAX 23:00 23/11/2017 01:00 24/11/2017
UK 100 Index FTSE 23:00 23/11/2017 01:00 24/11/2017
Japan 225 Index NI225 23:00 23/11/2017 01:00 24/11/2017
US 500 Index SPX 23:00 23/11/2017 01:00 24/11/2017
US Dow Jones Index YM 23:00 23/11/2017 01:00 24/11/2017
US Nasdaq Index NQ 23:00 23/11/2017 01:00 24/11/2017
Oil:
Brent Crude Oil UKBrent 20:30 23/11/2017 03:00 24/11/2017
WTI Crude Oil USCrude 20:00 23/11/2017 01:00 24/11/2017


The server time GMT +3 indicated in the schedule corresponds to the time indicated in the trading platform. Please consider this information when trading. The instruments that are not specified in table above are traded in normal mode.

All information is intended for guidance only and it is a subject to change. Please, stay up to date.

Sincerely yours,
LiteForex Investments Limited

How to get pay raise

Topical advice from my own experience

Do you dream of a higher salary and expect it to increase without your participation? In vain. You salary amount won’t increase by itself. You should strive for your pay raise yourself. Do you want to know how? Read on.
Way 1. Ask your employer.
Way 2. Describe your suggestions to your employer.
Way 3. Make an alternative suggestion
Way 4. Look for a new job
Way 5. Start your own business
Read in deatils about each way in LiteForex blog.

LiteForex launches a festive promotion on the threshold of Christmas and New Year

Dear clients,
We have some wonderful news to please you! New Year’s Promotion 2018 from LiteForex is about to start! More than 100 presents are waiting for the winners. Hurry up to win them!
Take part in our enthralling contest and compete for precious prizes, including

1. Apple iPhone X,
2. 10.5-inch iPad Pro Wi-Fi 256GB,
3. Macbook Pro 2017,
4. 2018 LP points in the VIP Club (50 gifts),
5. $50 (50 gifts).

Use your chance to win a perfect gift for the New Year! To have yourself registered in the contest, you only need to make a deposit of over $500 into your trading account. The first 999 clients that have fulfilled this requirement will be given unique participation numbers.
The contest will run from 01.12.2017 to 22.01.2018 and will include 5 stages, each of which will form winning numbers based on real quotes.
Do you wish to increase your winning chances? Then top up at least $500 in as many trading accounts as you want and pay attention to the list of numbers on the promotion page. May good luck be on your side and may your number be on the list of winners!

Sincerely yours,
LiteForex Investments Limited

LiteForex is introducing the option of depositing and withdrawing funds in crypto currencies
Dear clients,
We are glad to inform you that as of today you can deposit to and withdraw from your LiteForex account using the most popular crypto currencies: Bitcoin, Bitcoin Gold, Bitcoin Cash, Litecoin, Monero, and Ethereum.
Today, crypto currencies are lucrative instruments for online trading and investments. For the convenience of the clients owning crypto currencies, LiteForex is one of the first companies to introduce such a service intended for depositing and withdrawing funds uding bitcoins and altcoins.
It is worth noting that traders who have a trading account with LiteForex can deposit crypto currencies to it without any additional commissions. The crypto currency is converted into the trading account currency at the internal exchange rate of the company at the moment of funds depositing. The exchange rate of the company is most closely approximate to the favorable market rate.



LiteForex announces a new demo contest to replace the old ones
Dear clients,
Please be aware that the current demo contests LF Fighting and Top10 Forex will come to an end soon.
The last start of the daily demo contest LF Fighting is taking place on 20th December 2017, and the last start of the weekly demo contest Top10 Forex is scheduled for 18th December. Hurry up to register for the last launch and add your name to the history of our legendary Forex contest winners!

Still, there is no reason to be sad: on the threshold of the New Year, LiteForex is preparing a new monthly contest with a prize fund of 10,000$! Impressed? Then get ready to take part and show your mastery of trading! Stay tuned!

Sincerely yours,
LiteForex Investments Limited

Changes in trading conditions in ECN accounts

Dear clients,
The LiteForex company informs you of a change in trading conditions for ECN accounts. From 26 December 2017, any kind of a trading instrument can be traded with raw spreads and zero locked margin on ECN accounts. When opening a trade, you will be charged the following commissions:
Forex major - $10 per lot
Forex Crosses - $20 per lot
Forex Minor - $30 per lot
Metals - $20 per lot
Oil - $5 per lot
CFD on shares - 25 cents per share
Stock indices - $5 per contract
Crypto - $10 per lot.
This innovation allows our traders to trade under the most transparent trading conditions possible and at the best prices, provided by liquidity providers on the interbank market.

Best Regards,
LiteForex

Changes in the trading conditions for ECN, CLASSIC and CENT accounts

Dear Clients,

Please be advised of the changes in trading conditions on all LiiteForex accounts, which will take effect on January 9, 2018. For additional protection of the Clients’ trading accounts from the possible negative balance, the following changes will be made in the trading conditions:
Stop Out level for ECN accounts will be increased to 20%;
Stop Out level for CENT accounts will be increased to 50%;
Margin Call level will be increased to 100% for ECN, CLASSIC and CENT accounts.

Please kindly take this information into consideration when forming your trading strategy and make deposits to your trading accounts in advance in order to save the deposit and prevent Margin Call and Stop Out.
If you have any further questions, please contact our support team.

Kind regards,
LiteForex

The first winner in New Year Promo 2018 is defined!
The owner of a new iPhone X is identified
Dear clients,
The first stage of our "New Year Promo 2018" raffle has ended and we are ready to announce the winner!
The winner is the participant with ordinal number 050, that coincided with the winning number made up of the 3 last digits in EURUSD, GBPUSD and USDJPY quotes.

So, we congratulate Mr. AMIR BIN SAARINI from Malaysia with the account number MT4-R-333459 who won an Apple iPhone X. Dear Mr. AMIR BIN SAARINI, may the New Year 2018 bring you even more trading achievements!

The winner of the 2nd stage in New Year Promo 2018 is defined!
The owner of a new iPad Pro is determined today
The 2nd stage of our "New Year Promo 2018" raffle has ended and we are ready to announce the winner!
The winner is the participant with an ordinal number 325 that coincided with the winning number made up of the 3 last digits in EURUSD, GBPUSD, and USDJPY quotes.
So, we congratulate Mr. Roberto Carlos Vieira Pontes from Brazil with the account number MT5-R-121160 who won an iPad Pro. Dear Mr. Roberto Carlos Vieira Pontes, may the New Year 2018 bring you even more trading achievements!
3 more stages of the New Year Promo 2018 are ahead of our clients!

Sincerely yours,
LiteForex Investments Limited

New promotion from LiteForex: 100% bonus for crypto-deposits

CRYPTOBONUS: Get a 100% bonus for making deposits in cryptocurrency

Dear clients,
We are happy to announce that a new promotion CRYPTOBONUS 100% is launched today. All our clients will be able to get a 100% bonus when paying cryptocurrency in their trading account with LiteForex.
Every deposit of at least $300 made in Bitcoin, Litecoin, Monero, Ethereum, Bitcoin Cash, or Bitcoin Gold will be doubled under this promotion.
Bonus funds may be used as an additional margin for trading. The clients can also trade the bonus off and withdraw it from their trading accounts. Detailed conditions and a bonus promo code on LiteForex site.
Increase your deposit twice right now when making a crypto-deposit with the promo code CRYPTO!

Sincerely yours,
LiteForex Investments Limited

LiteForex is launching CRYPTOBATTLE contest

Unprecedented big prizes in BTC are waiting for the winners

Dear traders,
We are happy to inform you that our team has developed a new interesting demo contest CRYPTOBATTLE! Demonstrate your proficiency in margin trading in cryptocurrency competing with traders from all over the globe! The first contest week starts on 12.02.2018.
CRYPTOBATTLE from LiteForex allows you to assess the potential of cryptocurrency instruments, perfect your trading skills and win a big prize without risking your own deposit!
The contest prize fund amounts to 1.3 bitcoins weekly! Prizes are real money and are paid in clients’ bitcoin wallets.
Catch your chance to become the first in the CRYPTOBATTLE demo contest and win a truly impressive prize!
Register in the first stage of the CRYPTOBATTLE demo contest right now!
And may the strongest win!

Best regards,
The LiteForex team.

I'm a LF trader. Here's my quick take.

PROS

1. Fast payouts.
2. Social trading available.
3. EXTENSIVE tools available - Claws & Horns Analytics / Apps.
4. VAST payout options.
5. Supports MT4 and MT5.
6. Has CENT accounts.

CONS

1. Spreads not as low as some others.
2. No card.
3. Doesn't support scalping news.
4. Bonus programs removed or terms now harder to get release.

Overall I've had no issues. Just know that you can't scalp news. I still do some trading with LF and will probably do more in future, but I've moved to where I can get a card to access funds faster. Still recommended though.

If you read through the issues on that site, you'll realize that the vast majority of persons simply DON'T READ. LF has stated that they do not support scalping news events - I don't know why but it's their policy. Just about all of the negative posts I've seen involve persons that scalped news and then didn't get their payouts.

Application “Mobile Trading” launched for Android

You can download and assess our new app for Client Profile management in GooglePlay
Dear LiteForex’s clients,
We are proud to inform you that we have launched a new application “Mobile Trading” that provides a full set of options for managing your profile, carryingout non-trading operations on your accounts and installing mobile platforms. The whole of functions available in the browser version of LiteForex’s Client profile will be added soon, including the popular Social Trading service. Trading can be done directly from the app, with no necessity to install any other applications.
The app currently runs on Android devices. It is now available in a test mode, but we will be thankful if you could help us make it user-friendlier. Please feel free to assess the app in GooglePlay and share your wishes in the comments section.
We will be happy to receive your feedback and make our application more convenient!
What’s more, our developers are now working on a version for iOS devices. Follow our news on the site!
And may the strongest win!

Sincerely yours,
LiteForex Investments Limited

Hi

Can you please explain why your spreads and commission round turn on 1 standard lot is outrageously high compared to many of your competitors?

Examples: GBPNZD, GBPAUD, EURAUD, EURNZD etc.

Are you deliberately trying to lose clients?

Dear Forex-Forex,

Thank you for your question. Each broker has own trading conditions and LiteForex broker has own trading conditions also. Many of our competitors have spread higer than LiteForex.
If trader will use ECN account he will trade by using currency pairs with floating spread from 0.1 pips. For example spread for major currency pairs at this moment are following:

Each pair has own spread. All information about spread in real time available on LiteForex site in tab "Trade Forex>>>Currency"

Best regards,
represenatative of LiteForex

Hi Guys,


I am moving to Canada in few months. I am intended to close my current trading accounts with fxcm UK and AvaTrade. I would like to know if anyone can tell me which forex broker to opt for while in Canada. thanks in advance.