Though I was given my money back I should say that your AML policy is terrible. It is too strict. I was treated as a presumed money launderer.
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Though I was given my money back I should say that your AML policy is terrible. It is too strict. I was treated as a presumed money launderer.
Dear Willy M16,
We are sorry for the inconvenience. But we have to follow AML procedure, which has nothing to do with you personally. This procedure was designed for the security of the operations and your money. We hope next time it will be much easier for you to get it back.
Willy M16, just a suggestion - avoid withdrawing money on friday - this is the most busy day in terms of ****ution of any requests as practice shows
Good to know. Noted!
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I've heard rumors you guys are closing your forum. Is it true?
not the wrong thead - it's just advertising
Since 21st January, 2010 LiteForex Group has embarked on a new bonus program based on one that took place in autumn of 2009 and which became extremely popular with the clients of the company.
Participation in the bonus program confers traders the opportunity to considerably reduce the personal financial expenses and simultaneously increase trading opportunities. A similar bonus campaign was first held in autumn of 2009; hence, given the wishes of customers, the company has re-launched this bonus program since 21st January 2010.
Depending on the sum of flat money deposit a trader receives some extra money on his trading account.
Profit made using the bonus-money may be withdrawn from trading account at any time of banking day.
MONDAY. This week is expected to be substantially active, macro data from the U.S. is expected to be very valuable as well the tone of the U.S. Federal Reserve’s representatives regarding the future of quantitative easing of their economic policy, particularly interest rates in the current economic situation.
EUR/USD ratio shows consolidation below the 1.4200/40 level which is an implicit sign of top-down attitudes in the future in favor of reducing to 1.40 level.
USD / JPY when traded below 90.40 does favour to yen, simultaneously imparting the risk of fall up to 88.
In respect to pound / dollar the UK is expected to publish strong GDP data, considering which the trend will probably go above 1.6240.
I don't understand what the phrase 'EUR/USD ratio shows consolidation below the 1.4200/40 level' mean.what is 1.4200/40?
LiteForex – spreads are getting lower
Starting February 1, 2010 the LiteForex group of companies announces that spreads on majors are decreased.
Starting February 1, 2010 the LiteForex group of companies changes trading conditions lowering spreads on major currency pairs and major cross pairs.
“Now the difference between Ask and Bid for the most popular trading instruments among our clients is 1 pip lower that it used to be,” – Aleksey Smirnov, the president of the LiteForex group of companies comments. – “For example, the spread on EURUSD pair becomes 2 pips, and on USDJPY and GBPUSD – 2 and 3 pips respectively. We hope that the following changes will be a pleasant addition to the well-known list of advantages of working with LiteForex”.
“The LiteForex group of companies offers to its clients a lowered fixed spread starting from 2 pips during February 2010 as a special promotion aiming to improve personal trading results of traders working with the group of companies,” – Aleksey Smirnov continues.
According to the LiteForex quoting regulations the company reserves the right to change spreads in line with the current market conditions depending on volatility of the given financial instrument and on the amount of an interest rate as soon as such changes are required.
Please visit our company page for more specific information upon the current spreads: open section “Trading instruments” of the LiteForex web site: http://liteforex.org/contracts.php?lang=en.
LiteForex: a fresh look at the intraday trading
The LiteForex group of companies presents to its clients a new set of trading instruments designed for intraday trading. The first achievement in this area is the IntraDay Eye indicator released in February 2010. This indicator allows trader to get a precise estimate of the current market situation in the shortest time.
For more than a year the LiteForex group of companies clients have been using the latest practical groundworks in the field of MQL language for improving their trading systems. An exclusive set of software products being actively used by the company clients consists of about twenty different instruments (indicators, advisors and expert advisors) developed for Forex trading with the help of Metatrader 4. In February 2010 the set of instruments will be modified and added taking into the consideration the requirements of intraday trading.
According to Sergey Khravchuk, an instruments designer, he is planning to “develop new instruments and modify old ones exactly for this trading style. Every indicator, script and expert advisor will be aimed to optimize each single function which an intraday trader uses all the time (from current situation analysis to pending orders ****ution)”.
All the instruments will be published in the traders’ forum of the LiteForex company in the ForexTools section (http://forum.liteforex.org/). The thread is dedicated to the set of trader’s instruments developed by Sergey Khravchuk.
The IntraDay Eye indicator is the first step towards the intraday trading efficiency growth. The IntraDay Eye is intended for marking out the trading sessions on the chart and showing news schedule, that is automatically downloaded from the internet with the special IntraDay EventsLoader script. News is displayed in such a way that a trader has an opportunity not only to read the news and correlate it with the particular moment but also visually watch its approach. There are several ways of displaying trading sessions, each way suits best for a certain type of tasks. The visualization of beginning and end of a trading session allows you to estimate the time slot with the most active trades at first sight and to clearly view the price dynamics during the session. Moreover the graphic representation itself allows to determinate easily the influence of the trading session results on each other.
According to the instruments developer he has “a creation of a special indicator for displaying tick and real chart trades volumes of present and past and a serious of statistical indicators” in his future plans.
“Such a great attention to the features of intraday trading can be explained by its popularity, ” – Aleksey Smirnov, the president of the LiteForex group of companies comments. – “A considerable amount of traders working with the LiteForex group of companies prefer exactly the intraday trading intending to trade as much efficient as possible on minute and hours periods. The IntraDay Eye is the first instrument in the list of necessary one for intraday trader. The importance of the indicator is identified by the need of trading sessions information and economical news to be provided to trader”.
The new IntraDay Eye Indicator along with other ForexTools software products is available for testing on demo account of the company.
To obtain the possibility to use the indicator in real trade a participant needs to receive a personal license for product usage on a real account. For LiteForex clients it’s absolutely free to obtain this license and it’s a completely simplified process.
Though all the information is yet in Russian our English speaking clients can also obtain this kind of service.
On our forum branch (http://forum.liteforex.org/showthread.php?t=48) you can ask our programmer a question or place an order for a license specifying:
1)Number of your trading account;
2)Type of your trading account (Lite or Real);
3)Chosen component(s) of the package (the one you need a license for)
For those traders who are not LiteForex clients there is also a way to obtain the license for fee on a developer’s website http://forextools.com.ua.
LiteForex presents itself on YouTube
In February, 2010 the LiteForex group of companies has started to broadcast its video reports using the advantages of the YouTube international information resource.
Pictures and videos collected by LiteForex team during the ShowFxAsia international exhibition have inspired us to make this first video for YouTube (http://www.youtube.com/watch?v=unT44FiPI3A). The ShowFxAsia has been held in the end of 2009 in Kuala Lumpur (the capital of Malaysia). The exhibition was dedicated to all kinds of financial services: from Forex and futures market to securities markets.
“Thanks to a very eventful activity of the LiteForex group of company in the frame of ShowFxAsia we have a huge amount of photos and videos illustrating LiteForex participation in the exhibition,” – Aleksey Smirnov, the LiteForex group of companies president comments. “The representatives of the company have been actively communicating with the exhibition visitors, were holding up special promotions, every-ticket-wins lotteries, were handing in presents to the company clients, were presenting exclusive bonus cards valid for depositing trading accounts, cards were of different value – from $10 to $500.”
A 3-minutes video is some kind of a public report upon the participation of the LiteForex group of companies in the ShowFxAsia. Thus we are able to sum up the events going on in the exhibition section of the group of companies visually, to show all the participants and visitors.
“It is the first time that we display video on behalf of the company,” – Aleksey Smirnov continues. – “And we highly appreciate this kind of experience, as the responses upon the published video and the amount of views for the first 24 hours prove that we did our best.”
Also according to Aleksey Smirnov “within the scope of the planned work upon the development of the press and public coverage of the group of companies we are looking forward to display the company videos, reports and addresses on a permanent basis.”
Spreads are getting lower, official appearance on youtube... kudos! Keep standing strong!
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You can organize a competition and then the winner to interview and publish it on Yutub
I wanna open an account in Liteforex, but I’m not sure which to choose. There are two types of them in Liteforex REAL and LITE. Which is the better?
If you want to open an account for learning and have a little money, the best Light account. This type of account is available specifically for those who do not have much money.
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The LiteForex group of companies resumes a partnership program
On February 18, 2010 the LiteForex group of companies resumes the application reception for the affiliate program participation.
“We already had an experience of projects of this kind, and the experience was rather successful – the affiliate program was of great popularity among our clients. Then we suspended the program. And now we proudly present a new improved version of the program. We do not doubt the project to be successful: right after the launch of the affiliate program we began to receive applications for affiliate accounts opening. This fact indicates our partners consider working with us as really promising,” – Stanislav Kozlov, a specialist of the LiteForex affiliate programs department comments.
It is obvious that the participation in such project is a tempting offer. An individual approach to each partner, revenue sharing attractive scheme is just the beginning of an advantages list. LiteForex is a recognizable ***** in the whole world, a ***** of high account and authority among traders’ community.
“We are going to reward initiatives of our partners,” – Stanislav Kozlov contiues. – “Moreover we are supporting the diversity of affiliate web sites design and we don’t mind the owners of the web sites to keep their own design unchanged. we are ready to provide all the necessary banners and links.”
There is an important thing we have to add: currently a new web site design and new client interface are being developed and they will be available next month for you to appreciate.
For more detailed information upon the participation in the affiliate program please visit the “Partnership” section of the LiteForex web site: http://www.liteforex.org/affiliate.php
How much is the minimum lot size in LiteForex?
LiteForex keeps on enlarging the set of trading tools.
A new indicator ft.LotRuler has been included in the authors set of trading instruments "Forextools".
The group of companies LiteForex gladly announces to its clients that the set of instruments "Forextools" has been enriched with one more indicator - ft.LotRuler. Today LiteForex is the best platform for testing users mechanical trading systems, experts and indicators. Operating the accounts is supported by many developers, Sergey Kravchuk, an author of "Forextools", is among them. Wed remind you that "Forextools" is a comprehensive tool set of mutually complementary indicators, experts and scripts designed for working with Forex market with the use of the platform MetaTrader 4.
Since the beginning of 2010 Sergey Kravchuk has decided to pay special attention to the intraday trading tools. Designing of the Intraday Eye indicator, advantages of which the clients of the group of companies LiteForex have already appreciated in full measure, has become the first step in this direction. One more indicator ft.LotRuler is at traders disposal now.
This indicator considerably simplifies calculation of possible profits and losses and makes it possible to visually estimate and choose a corresponding lot size. Sergey Kravchuk says, that "such a tool saves greatly time and takes care of nerves of those traders, who work under tense intraday conditions".
The use of this indicator also simplifies the observance of "Money management" rules which is a precondition for successful trading in Forex market.
One can get acquainted with a detailed description and some peculiarities of the use of a new indicator in the corresponding division of a new trader forum of the group of companies LiteForex at http://forum.liteforex.org/showthread.php?t=296. The installer and the license archive for LiteForex demo accounts are accessible on the same URL address. The clients of the group of companies LiteForex can have the license for operating real accounts free of charge. Those traders who arent clients of the group of companies LiteForex can buy this license on the developers site at http://forextools.com.ua.
The group of companies LiteForex plans to constantly enrich and improve the offered set of instruments "Forextools" in the near future.
Low spreads – good results!
According to desires of our clients LiteForex keeps the trading conditions that were introduced on February, 1 unchanged.
On February, 1 the Liteforex group of companies has introduced new trading conditions as a special promotion. The promotion included new fixed spread on major currency pairs and cross pairs starting from 2 pips. According to Alexey Smirnov, the president of the LiteForex group of companies “the improvement of trading performance of each trader working with the group of companies” was the main purpose of this promotion. And the goal was successfully achieved as the promotion gained a positive response form clients. That is why the LiteForex company management decided to make this promotion a permanent condition: “New trading conditions introduced on February, 1 this year will maintain from now on as conditions qualify with modern requirements of the majority of the group of company clients.” – Alexey Smirnov continues.
The company takes care of both: intraday traders and traders that are using trading systems including automated. The spread amount issue is highly important for the letter type of traders.
Trading conditions improvement is a direct consequence of the company policy that heads towards creating the best working conditions for the LiteForex clients.
LiteForex extends a bonus promotion
The LiteForex group of companies extends the promotion meeting its clients wishes
A bonus promotion launched January 21, 2010 will be extended till the end of March. “Initially we planned to finish the promotion in the end of February, but after we saw how interested in it our clients had become we have decided to make the promotion last one month longer,” – Alexey Smirnov, the president of the LiteForex group of companies says.
A bonus promotion had a great success among LiteForex company clients and there is no wonder why – an attractive scheme of bonus depositing opens new financial horizons for the promotion participants.
“We have been always having a service of high quality and competitive trading conditions as our main goal. A trader taking part in our promotion can reduce his capital investments considerably and at the same time increase his trading opportunities,” – Alexey Smirnov continues.
A bonus promotion had been widely discussed at the company’s forums at: http://forum.liteforex.org and http://forum.forexpeoples.com. You can find more information about the promotion conditions here: http://liteforex.org/promotions_depo.php.
Fluctuations of capital markets and the impact on the ruble and the U.S. dollar
On Thursday, the opening of trading the currency section of the MICEX dollar fell to a domestic ruble, but since recovered and is near yesterday's levels. By the ruble against the currency basket has not changed.
So, the trading session for the USD today started with the level of 29.7 rubles (-11 cents against the closing levels of protection), but later buck strengthened to 29.83 rubles, thus withdrawing from the lowest level of 1.5 months.
EUR started the session with a mark of 40.75 rubles (+3 penny).
The cost of currency basket with the emergence of players collapsed to 34.7 rubles, but managed to recoup and recover to 34.75 rubles, almost yesterday's mark.
The first price hikes today's session, it is due to the speculative mood of traders, and the current state of affairs when the ruble does not show a clear direction, points to the instability in the stock and commodity platforms.
Rather, trading on Thursday for a pair of ruble / dollar will be in the range of 29.68-30.0 rubles per dollar.
Of course, you cannot grow rich investing 1 dollar. But it is not easy to play with big money in terms of psychology. Such small accounts are designated for training and developing trading skills.
According to the clients’ desires and modern requirements LiteForex has offered a new design of the site structure.
According to modern requirements the LiteForex Company has presented to its clients a new site with an updated design and structure.
«The necessity of updating the Company site became ripe long ago. Up to recent time the site has stayed on the same level on which it was created in 2005» - Alexey Smirnov, the President of the group of Companies LiteForex, says. - «The Company has passed a long way since 2005 having accumulated lots of practical experience; the site updating has become our next step forward. Renewal of our affiliate program, reduction of spreads, carrying out of promotions on a permanent basis – these are links of one chain. The Company is steadily moving forward providing its clients with modern service of high quality. Our next goal was to create a Company site that could meet all modern requirements including security ones. A group of programmers and designers worked on its elaboration and I hope our clients will estimate the result at its true worth».
Elaboration of a new site is a direct consequence of the Company policy that is oriented to creating the most comfortable working conditions for LiteForex clients. The Company takes care of its clients having created the handy site that provides them with an accurate system of links and a comfortable search of the necessary information.
«We were always striving for providing our clients with modern service of high quality», - Yury Voloshin, the Director General, says. – «A client-oriented approach has been a distinctive mark of LiteForex since we started working on the Forex market. Elaboration of a new site the necessity of which was discussed long ago provides the Company with a new face. Today the site is the only means by which the Company communicates with its both present and potential clients».
We invite you to discuss the Company new site on the forums at http://forum.liteforex.org and http://forum.forexpeoples.com.
When i was a newbie, i also felt forex is a gambling. But when I learn some basic of forex, now i consider it a trading. Time will change everything.
Hi, I've been lurking for some time and finally decided to register. I just wanted to say howdy to everyone here. Lots of good reading here. I hope I can give a little back. Sorry if this is in the wrong forum, I'm still a little new to this.