1st forex
Nope. The robot handles everything for you once it is installed and attached to your charts.
Free forex bonuses
Used by newbies and pros alike. The safest lot size for your account balance is calculated automatically. Micro, mini, and full lots are all included.
This free forex robot is ready to help you trade better
Forex doesn't have to be so hard. Our free forex robot is proof of that. Sign up for our newsletter and we'll email it to you.
Your free forex robot comes with all the good stuff.
It's a complete automated forex strategy. No complicated setups or entries to learn.
Places trades for you automatically looks for trades day and night safe money management protective stops to secure your profit works on any currency pair loaded with the best default settings easy drag and drop installation no need to tinker or adjust free customer support
micro, mini, and standard size lots auto stop loss and take profit free to use works on any PC, no restrictions runs on your demo accounts no experience required works with other forex robots tested and reliable trading theory free lifetime updates
Our free forex robot runs on your charts and trades for you, automatically.
Manual trading is hard. It can take years of practice to get good enough to earn a profit. With our free forex robot you can instantly deploy a profitable strategy onto your charts with a few mouse clicks. It handles all aspects of forex trading for you. From start to finish.
It will do the rest. Finding signals, opening orders, managing profit, and trade closure are all automatic.
Works with any metatrader 4 forex broker.
Works on small and large accounts alike. The free bot will choose the best lot size for your account.
Our support staff is happy to help you get started. Even for this free robot. Go ahead and talk to us.
Start using a brand new strategy on your forex charts in less than 5 minutes.
One of the hidden expenses of forex trading is time. All the hours needed to research, test, and master new forex strategies adds up. Our free forex robot lets you skip straight to the fun part; executing a profitable forex strategy on your charts. No wait, no delay.
Entry and exit rules are programmed into the code directly. Set it up and watch it work.
Your free bot will watch the markets day and night. Cover those early market hours without losing sleep.
Find pips on multiple currency pairs.
Your free forex robot has unlimited processing power and concentration to handle multiple pairs at once.
All of the features you need to be successful as a forex trader.
Entering a trade is only half the battle. Proper money management and knowing when to exit are just as important. Trailing stops make sure your trades stay profitable even when the market turns. And auto lot sizing make sure you don't over trade your balance.
Forex is risky. Your free forex robot will calculate a safe SL and TP for every order. The way it should be.
Auto lot sizing for any account.
The safest lot size for your account balance is calculated automatically. Micro, mini, and full lots are all included.
Optimized default settings built in.
No need to tinker or adjust any settings. Your free forex EA ships with the best settings you need to run it.
What do I need to start using this free forex robot inside my terminal?
Your free robot runs inside the metatrader 4 forex terminal. It's one of the most popular forex terminals ever created. Most brokers offer instant MT4 demo accounts for free. Simply drag and drop the robot into your MT4 terminal and attach it to any forex chart window. Install is quick and takes less than 5 minutes.
Nope. The robot handles everything for you once it is installed and attached to your charts. Used by newbies and pros alike.
What forex broker should I use?
That depends on your country. Drop us a line at support if you need some help finding one.
Can I talk with someone about my questions?
Sure thing. Our handsome support team is ready to help you every step of the way.
Making your first forex trade
In this tutorial, we are going to use fxtrade, the oanda trading platform, as the example.
Start the trading platform
The very first step when in making your first forex trade is opening the trading platform.
Step 2 - open the chart
Now choose a currency pair and open a chart. Select a timeframe. In this case, we are going to use a 15-minute time frame. Each candlestick on the chart represents 15 minutes of time.
For this example, I am going to use the australian dollar vs the japanese yen, AUD/JPY pair. It is showing a strong downtrend and looks like a simple trade.
Step 3 - add indicators
Now add some indicators to the chart. For this chart, we are going to add MACD and a 200 exponential moving average. Using technical indicators is an option when forex trading. They are helpful for the decision-making process.
The basic rule for using the 200 EMA is if the price is above the line, it is likely to continue higher if the price is below the line, it is likely to continue lower. The price seems to be moving below the 200 EMA line. This confirms that the price is in a stable downtrend.
Please understand that if we are selling AUD/JPY that we are buying japanese yen and selling the australian dollar. Therefore, will be looking for JPY strength and/or AUD weakness.
I am going to use the MACD indicator to look for a confirmation that the price is ready to go down again. The MACD is not always reliable as an indicator when used alone, but when used as part of a larger trading system it can be helpful to pinpoint a possible turn in price. The price seems to be fighting the downtrend a bit, so I am looking for the MACD lines to cross and head down before I make my trade.
Step 4 - place the order
Now prepare to place the order. I have confirmed that the price is in a stable downtrend so I am preparing to "go short". The short trade is for 10,000 australian dollars against the japanese yen. This is also known as going short 1 mini lot.
Step 5 - set the stop loss and take profit levels
Now set your stop loss and take profit levels. This step is optional but highly recommended.
Experienced traders have found that setting a stop loss at half the pip amount or less than your take profit level can set you up for long-term success. This is because you can be right less than half the time and still come out at the end of the week, month, year ahead if you have a favorable risk-reward.
Setting the stop loss will limit your losses if the market does not move in the preferred direction. Setting the take profit level will make sure that the trade exits in profit once the market makes the downward move that is expected. It can be an advantage to set these levels when you place the trade because once the trade is actually in the market, the pressure can make it difficult to make decisions.
Step 6 - order confirmation
Submit your order and wait for the confirmation screen. The confirmation is important as is the ticket number because you may need to reference the ticket number if you need to call your broker about the trade. Of course, you don't want anything wrong to happen with execution, but if there is a mistake in execution on the part of your broker you will need to go to them with your confirmation and ticket number so that they can correct their mistake and credit your account back if necessary.
Step 7 - the waiting period
Now the waiting period begins. This is one of the more difficult concepts in forex trading. Some traders find it helpful to turn off the screen and get away from the market once they've entered so that they are not constantly fretting over market moves. Either way, sticking to a good risk reward is a favorable approach and whether your stop or take profit order gets hit, you have done your job correctly.
Step 8 - trade completion
Finally, the trade is complete. This trade has resulted in a successful take profit. The take profit level for this trade was 98.00 and the price did reach that level. This resulted in a profit of $63.60.
Not all trades result in a profit, and you should take measures to limit your risk on any trade.
1st contact forex can help you save when you send money overseas
If you’re looking at sending money overseas in a quick, secure and cost-effective manner, 1st contact forex is worth comparing.
1st contact forex, owned by 1st contact group, began offering money transfer and foreign exchange services in 2001. It has more than 60,000 registered clients and carries out in excess of 140,000 transactions every year. Its annual turnover is soon to touch the $200 million mark. It has its headquarters in london, england, and branch offices in australia and south africa.
This company is a registered money services business with HM customs & excise in the UK. It holds an australian financial services licence (AFSL) issued by australian securities and investments commission (ASIC) to deal in foreign exchange. It meets with all capital and liquidity related requirements and follows policies and procedures as laid forth by its corporate bankers, ANZ and barclays.
1st contact forex lets you transfer money to a host of countries the world over in a secure way. Using its services, you can save in the form of fees.
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
Details
product name | 1st contact international money transfers |
---|---|
min. Transfer amount | AUD 0 |
max. Transfer amount | no limit |
transfer methods | online, phone, bank account to bank account |
transfer options | regular payments, one off payments, market orders, forward contracts |
transfer speed |
Shirley liu
Shirley liu is finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, uber eats and many other topics. Shirley has a master of commerce and a bachelor of media, journalism and communications from the university of new south wales. She is passionate about helping people find the best deal for their needs.
1st contact forex exchange rates.
When you deal with 1st contact forex you can get competitive exchange rates, especially when compared to banks, because this business does not have to worry about typical overhead costs. Besides, this business carries out transfers in bulk, which makes it privy to better rates. In turn, it passes on the savings to its customers. If you want to view the exchange rates on offer, you simply have to visit the 1st contact forex website.
On the home page, select australian dollars (AUD) as the ‘from’ currency. Enter the amount you wish to transfer and select the currency you wish to transfer the money to. As soon as you do this 1st contact forex informs you of the existing exchange rate. This is the rate that will apply to your transfer, as long as you complete it within a given time frame. This is because exchange rates that 1st contact offers are subject to change.
You can see the exchange rate that 1st contact forex offered for transferring australian dollars to great britain pounds on 1st june 2017 below. This has been included as an example, and you should always check current rates on the day you wish to transfer money.
GBP | BGN | CAD | CZK | DKK |
---|---|---|---|---|
0.56 | 1.26 | 0.97 | 17.05 | 4.8 |
EUR | HKD | HUF | JPY | NZD |
0.64 | 5.64 | 198.41 | 80.55 | 1.02 |
NOK | PLN | QAR | RON | SGD |
6.11 | 2.7 | 2.63 | 2.94 | 1.00 |
ZAR | LKR | SEK | CHF | THB |
9.43 | 121.56 | 6.3 | 0.7 | 24.74 |
AED | USD | |||
2.66 | 0.72 |
How much does it cost to transfer money with 1st contact forex?
1st contact forex has tie ups with banks from across the world and processes transfers in bulk. This lets it make savings, which it passes on to its customers. Every fifth transfer you carry out through 1st contact forex is free. All transfers equivalent or greater than AUD$5,000 are free. You have to pay fees for other transfers, which can include transfer fees and receiving fees.
The table below gives you an indication of how much you may have to pay as fees depending on the country you’re sending money to, considering you’re sending AUD1,000.
Destination country | transfer fee | receiving fee |
---|---|---|
great britain | AUD5 | GBP0 |
bulgaria | AUD15 | BGN0 |
canada | AUD15 | CAD15 |
czech republic | AUD15 | CZK 250 |
euro zone | AUD5 | EUR0 |
Minimum transfer amount and available countries
There is no minimum or maximum limit you can transfer through 1st contact forex. If you don’t find the country you wish to send money to on the 1st contact forex website you can get in touch with a company representative to find out if any assistance is on offer. Here are some of the popular destinations where you can send money to from australia.
- Bulgaria
- Canada
- Czech republic
- Denmark
- Euro zone
- Great britain
- Hong kong
- Hungary
- Japan
- New zealand
- Norway
- Poland
- Qatar
- Singapore
- South africa
- Sri lanka
- Sweden
- Thailand
- United arab emirates
- United states
What types of transfers can you carry out with 1st contact forex?
You can transfer money electronically to bank accounts in different countries across the world using the services of 1st contact forex. It also lets you transfer money to credit card accounts in south africa.
You can benefit more by sending larger amounts because this business works on a sliding scale, where larger sums attract better rates.
You can secure an exchange rate if you wish to send an amount equivalent of greater than GBP1,000. 1st contact forex lets you secure an exchange rate in advance by paying as little as 10% of the amount you wish to transfer as deposit.
The registration and transfer process
You can register with 1st contact forex using a simple online application. It activates your account on the same business day it receives copies of your proof of residential address and passport. If you wish to transfer the equivalent of AU$20,000.00 or more than you will have to submit additional documents to verify the source of the funds.
1st contact forex accepts payments via debit cards and through internet banking. You have to use your name and surname as reference when making transfers using internet banking. If you don’t provide your name and surname you have to email 1st contact forex proof of payment so it can allocate your funds for transfer.
If you use internet banking to make a transfer, the cleared funds can take up to three business days to get to the client account of 1st contact forex. Once this happens and you provide all the required documentation, the converted funds get to the nominated overseas account within three business days.
What are the pros and cons of using 1st contact forex?
- You can get better exchange rates when compared to most banks
- Money can get to the recipient faster than it would if you choose a bank
- Every fifth transfer you make using 1st contact forex does not attract any fees
- There is no minimum limit to how much you can transfer
- You can speak to a 1st contact forex representative over the phone by calling their australian toll-free number
- You can’t initiate transfers in person
- You can’t send funds using your credit card
What other products and services does 1st contact forex offer?
- 1st contact forex specialises in transferring funds internationally. It does not provide any other service. 1st contact group, which owns 1st contact forex, is a UK based organisation. It provides tax solutions, services for contractors, financial services, visa and immigration services, job assistance and relocation solutions.
Real questions from past users
Is this service available for non-residents?
Yes, it is, provided you submit documents that can verify your identity and residential address.
Is there an app available to conduct transfers?
No, 1st contact forex does not provide an app for mobile devices yet.
How to check your progress of transferring your money?
You can do this online or over-the-phone.
How can I send documents required to verify my identity and home address?
You can do this by visiting the 1st correct forex website and using its uploading tool. You can scan them or take photographs and send the images over via email. You can also send them over via fax.
What documents do I have to provide if I wish to transfer large amounts?
These can include copies of bank statements with payslips, bank statements of savings accounts, proof of inheritance received or proof of sale of assets. You can submit print-outs from internet banking as well as photographs or scanned images. You don’t have to submit certified copies.
What documents do I have to provide if I wish to transfer large amounts?
These can include copies of bank statements with payslips, bank statements of savings accounts, proof of inheritance received or proof of sale of assets. You can submit print-outs from internet banking as well as photographs or scanned images. You don’t have to submit certified copies.
What’s the 1st contact forex ‘refer a friend’ program?
Through this program you stand to earn AUD$20 the first time a friend you refer uses 1st contact forex to make a transfer. Your friend gets to make the first transfer without paying any fees.
Using 1st contact forex to send money overseas can lead to savings. However, it is important that you compare your options first.
International money transfer offers
Azimo international money transfers
Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries.
Torfx international money transfers
Torfx guarantees to match any competitor's exchange rate. Conditions apply.
Torfx sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
Send international money transfers
Send guarantees to match any competitor’s exchange rate. T&cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.
Worldfirst international money transfers
Better exchange rates for finder customers.
Worldfirst sends 60+ currencies at competitive rates with no fees. If you find a better eligible quote, worldfirst will beat it.
Ask an expert
To ask a question simply log in via your email or create an account.
I want to send 60 euro to madagascar what is the best way to do this
There are money transfer service providers on this page that will let you send money to madagascar. Although please confirm first with the provider if the recipient would be able to receive euros once the funds is being transferred. Usually, the money will be received in the local currency.
How can I send money to nigeria?
Unfortunately, I can’t find nigeria on the list of countries where 1st contact forex services is available. If you’d like to send money through this provider, I suggest that you directly call them to find out if any assistance is on offer.
Alternatively, I would like to refer you to this page where you can compare other options for sending money to nigeria.
Is there an annual membership fee
Thanks for your question.
There is no annual membership fee, but a small one-off fee is charged per transfer depending on the recipient country.
Share
Level 10, 99 york st, sydney , NSW , australia 2000
- About us
- Careers
- Media room
- Contact us
- Partner with us
- How we make money
- Terms of use
- Privacy & cookies policy
- Editorial guidelines
- Sitemap
- © 2021 finder.Com.Au
How likely would you be to recommend finder to a friend or colleague?
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Important information about this website
Finder.Com.Au is one of australia's leading comparison websites. We compare from a wide set of banks, insurers and product issuers. We value our editorial independence and follow editorial guidelines.
Finder.Com.Au has access to track details from the product issuers listed on our sites. Although we provide information on the products offered by a wide range of issuers, we don't cover every available product or service.
Please note that the information published on our site should not be construed as personal advice and does not consider your personal needs and circumstances. While our site will provide you with factual information and general advice to help you make better decisions, it isn't a substitute for professional advice. You should consider whether the products or services featured on our site are appropriate for your needs. If you're unsure about anything, seek professional advice before you apply for any product or commit to any plan.
Products marked as 'promoted' or 'advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product. You can learn more about how we make money here.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labelling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. Acceptance by insurance companies is based on things like occupation, health and lifestyle. By providing you with the ability to apply for a credit card or loan, we are not guaranteeing that your application will be approved. Your application for credit products is subject to the provider's terms and conditions as well as their application and lending criteria.
Please read our website terms of use and privacy policy for more information about our services and our approach to privacy.
This free forex robot is ready to help you trade better
Forex doesn't have to be so hard. Our free forex robot is proof of that. Sign up for our newsletter and we'll email it to you.
Your free forex robot comes with all the good stuff.
It's a complete automated forex strategy. No complicated setups or entries to learn.
Places trades for you automatically looks for trades day and night safe money management protective stops to secure your profit works on any currency pair loaded with the best default settings easy drag and drop installation no need to tinker or adjust free customer support
micro, mini, and standard size lots auto stop loss and take profit free to use works on any PC, no restrictions runs on your demo accounts no experience required works with other forex robots tested and reliable trading theory free lifetime updates
Our free forex robot runs on your charts and trades for you, automatically.
Manual trading is hard. It can take years of practice to get good enough to earn a profit. With our free forex robot you can instantly deploy a profitable strategy onto your charts with a few mouse clicks. It handles all aspects of forex trading for you. From start to finish.
It will do the rest. Finding signals, opening orders, managing profit, and trade closure are all automatic.
Works with any metatrader 4 forex broker.
Works on small and large accounts alike. The free bot will choose the best lot size for your account.
Our support staff is happy to help you get started. Even for this free robot. Go ahead and talk to us.
Start using a brand new strategy on your forex charts in less than 5 minutes.
One of the hidden expenses of forex trading is time. All the hours needed to research, test, and master new forex strategies adds up. Our free forex robot lets you skip straight to the fun part; executing a profitable forex strategy on your charts. No wait, no delay.
Entry and exit rules are programmed into the code directly. Set it up and watch it work.
Your free bot will watch the markets day and night. Cover those early market hours without losing sleep.
Find pips on multiple currency pairs.
Your free forex robot has unlimited processing power and concentration to handle multiple pairs at once.
All of the features you need to be successful as a forex trader.
Entering a trade is only half the battle. Proper money management and knowing when to exit are just as important. Trailing stops make sure your trades stay profitable even when the market turns. And auto lot sizing make sure you don't over trade your balance.
Forex is risky. Your free forex robot will calculate a safe SL and TP for every order. The way it should be.
Auto lot sizing for any account.
The safest lot size for your account balance is calculated automatically. Micro, mini, and full lots are all included.
Optimized default settings built in.
No need to tinker or adjust any settings. Your free forex EA ships with the best settings you need to run it.
What do I need to start using this free forex robot inside my terminal?
Your free robot runs inside the metatrader 4 forex terminal. It's one of the most popular forex terminals ever created. Most brokers offer instant MT4 demo accounts for free. Simply drag and drop the robot into your MT4 terminal and attach it to any forex chart window. Install is quick and takes less than 5 minutes.
Nope. The robot handles everything for you once it is installed and attached to your charts. Used by newbies and pros alike.
What forex broker should I use?
That depends on your country. Drop us a line at support if you need some help finding one.
Can I talk with someone about my questions?
Sure thing. Our handsome support team is ready to help you every step of the way.
Making your first forex trade
In this tutorial, we are going to use fxtrade, the oanda trading platform, as the example.
Start the trading platform
The very first step when in making your first forex trade is opening the trading platform.
Step 2 - open the chart
Now choose a currency pair and open a chart. Select a timeframe. In this case, we are going to use a 15-minute time frame. Each candlestick on the chart represents 15 minutes of time.
For this example, I am going to use the australian dollar vs the japanese yen, AUD/JPY pair. It is showing a strong downtrend and looks like a simple trade.
Step 3 - add indicators
Now add some indicators to the chart. For this chart, we are going to add MACD and a 200 exponential moving average. Using technical indicators is an option when forex trading. They are helpful for the decision-making process.
The basic rule for using the 200 EMA is if the price is above the line, it is likely to continue higher if the price is below the line, it is likely to continue lower. The price seems to be moving below the 200 EMA line. This confirms that the price is in a stable downtrend.
Please understand that if we are selling AUD/JPY that we are buying japanese yen and selling the australian dollar. Therefore, will be looking for JPY strength and/or AUD weakness.
I am going to use the MACD indicator to look for a confirmation that the price is ready to go down again. The MACD is not always reliable as an indicator when used alone, but when used as part of a larger trading system it can be helpful to pinpoint a possible turn in price. The price seems to be fighting the downtrend a bit, so I am looking for the MACD lines to cross and head down before I make my trade.
Step 4 - place the order
Now prepare to place the order. I have confirmed that the price is in a stable downtrend so I am preparing to "go short". The short trade is for 10,000 australian dollars against the japanese yen. This is also known as going short 1 mini lot.
Step 5 - set the stop loss and take profit levels
Now set your stop loss and take profit levels. This step is optional but highly recommended.
Experienced traders have found that setting a stop loss at half the pip amount or less than your take profit level can set you up for long-term success. This is because you can be right less than half the time and still come out at the end of the week, month, year ahead if you have a favorable risk-reward.
Setting the stop loss will limit your losses if the market does not move in the preferred direction. Setting the take profit level will make sure that the trade exits in profit once the market makes the downward move that is expected. It can be an advantage to set these levels when you place the trade because once the trade is actually in the market, the pressure can make it difficult to make decisions.
Step 6 - order confirmation
Submit your order and wait for the confirmation screen. The confirmation is important as is the ticket number because you may need to reference the ticket number if you need to call your broker about the trade. Of course, you don't want anything wrong to happen with execution, but if there is a mistake in execution on the part of your broker you will need to go to them with your confirmation and ticket number so that they can correct their mistake and credit your account back if necessary.
Step 7 - the waiting period
Now the waiting period begins. This is one of the more difficult concepts in forex trading. Some traders find it helpful to turn off the screen and get away from the market once they've entered so that they are not constantly fretting over market moves. Either way, sticking to a good risk reward is a favorable approach and whether your stop or take profit order gets hit, you have done your job correctly.
Step 8 - trade completion
Finally, the trade is complete. This trade has resulted in a successful take profit. The take profit level for this trade was 98.00 and the price did reach that level. This resulted in a profit of $63.60.
Not all trades result in a profit, and you should take measures to limit your risk on any trade.
Record forex allocation in first auction of 2021
Mr persistence gwanyanya
Tawanda musarurwa
Business reporter
After the three-week gap for the annual shutdown of most manufacturers, the first reserve bank of zimbabwe auction for this year saw a record demand and allocation of US$35,843 million, and the average exchange rate moving just 0,3 percent to $82,09 to US$1.
With the bulk of foreign currency from the auction allocated to the productive sectors, indications are that these businesses in farming, mining and manufacturing, all permitted in a level four lockdown, have been little affected by the latest lockdown, tightening in the second wave of covid-19 infections.
The zimbabwe dollar opened the new year steady, shifting by a marginal 0,3043 percent to $82,0914 from $81,7866 to the united states dollar after yesterday’s auction.
This well within the range of movements within the range of $83,3994 to $81,3458 since the end of august when the local currency achieved a high level of stability.
Total allocations this week rose to US$35,843 million from US$29,58 million for the december 21 auction.
Of that total, the bigger corporations accounted for the bulk of allocations at US$33,024 million, and the smes segment accounted for US$2,81 million. The reserve bank has already taken steps to ensure growing flows of foreign currency for the auctions by decreasing the percentage exporters are allowed to retain, although in return, allowing them to keep these retained earnings indefinitely to build reserves.
The removal of the limit on retentions has little practical effect on auction flows since most exporters were spending their retentions in full, even if they did not really need to import as much, while the higher surrender percentage will see flows into the auctions increase by a third.
These moves are in line with what independent economists have simultaneously been calling for to ensure the auction system continues to drive the productive sectors.
“going forward there is need now to grow the supply side (of foreign currency) to boost the auction system,” said economist persistence gwanyanya. “the country’s foreign currency situation has so far been well managed despite some mitigating external variables.”
Improved forex availability on the auction platform will foster greater participation on the platform as some players are still directing dealing with their banks, although using the prevailing official rate.
The total number of bids on the auction platform rose to 512 from 366 previously. On the main auction, the total number of bidders stood at 301, while 207 bids were recorded on the smes auction. Only 32 main bids and 11 SME bids were rejected, all for faulty paperwork over reconciling previous exports and imports, or because the bidders were seeking currency to pay for goods and services not on either priority list.
The highest bid on the main auction remained at $86, while that for the SME section was marginally higher at $86,5. But the lowest bids on both the main auction and the SME auction were merged at $80, the same in the previous auction.
In line with policy, the raw materials segment accounted for the bulk of allotments yesterday at US$16,68 million on the main auction and US$663 898 on the smes section.
Machinery and equipment came in second with US$4,05 million on the main and US$606 825 on the smes section.
And consumables came in third on the main auction at US$1,99 million; but on the smes section, consumables took up US$648 742. Consumables, which are basically tyres and spares, tend to be more dominant higher on the SME auction because of the number of specialist smaller companies in the maintenance and service sectors of the productive economy.
The foreign currency auction system has largely been attributed to pricing stability over the past six months, which is now being reflected in the inflation numbers.
Monthly inflation crashed from august and these small monthly percentages are seeing the annual rate fall as well as high monthly rises fall out of the averaging, although analysts note that the annual rate has little practical meaning as it is measuring rising inflation for seven months followed by very low inflation for five months and will continue to fall until all 12 months reflect the new largely stable pricing.
This free forex robot is ready to help you trade better
Forex doesn't have to be so hard. Our free forex robot is proof of that. Sign up for our newsletter and we'll email it to you.
Your free forex robot comes with all the good stuff.
It's a complete automated forex strategy. No complicated setups or entries to learn.
Places trades for you automatically looks for trades day and night safe money management protective stops to secure your profit works on any currency pair loaded with the best default settings easy drag and drop installation no need to tinker or adjust free customer support
micro, mini, and standard size lots auto stop loss and take profit free to use works on any PC, no restrictions runs on your demo accounts no experience required works with other forex robots tested and reliable trading theory free lifetime updates
Our free forex robot runs on your charts and trades for you, automatically.
Manual trading is hard. It can take years of practice to get good enough to earn a profit. With our free forex robot you can instantly deploy a profitable strategy onto your charts with a few mouse clicks. It handles all aspects of forex trading for you. From start to finish.
It will do the rest. Finding signals, opening orders, managing profit, and trade closure are all automatic.
Works with any metatrader 4 forex broker.
Works on small and large accounts alike. The free bot will choose the best lot size for your account.
Our support staff is happy to help you get started. Even for this free robot. Go ahead and talk to us.
Start using a brand new strategy on your forex charts in less than 5 minutes.
One of the hidden expenses of forex trading is time. All the hours needed to research, test, and master new forex strategies adds up. Our free forex robot lets you skip straight to the fun part; executing a profitable forex strategy on your charts. No wait, no delay.
Entry and exit rules are programmed into the code directly. Set it up and watch it work.
Your free bot will watch the markets day and night. Cover those early market hours without losing sleep.
Find pips on multiple currency pairs.
Your free forex robot has unlimited processing power and concentration to handle multiple pairs at once.
All of the features you need to be successful as a forex trader.
Entering a trade is only half the battle. Proper money management and knowing when to exit are just as important. Trailing stops make sure your trades stay profitable even when the market turns. And auto lot sizing make sure you don't over trade your balance.
Forex is risky. Your free forex robot will calculate a safe SL and TP for every order. The way it should be.
Auto lot sizing for any account.
The safest lot size for your account balance is calculated automatically. Micro, mini, and full lots are all included.
Optimized default settings built in.
No need to tinker or adjust any settings. Your free forex EA ships with the best settings you need to run it.
What do I need to start using this free forex robot inside my terminal?
Your free robot runs inside the metatrader 4 forex terminal. It's one of the most popular forex terminals ever created. Most brokers offer instant MT4 demo accounts for free. Simply drag and drop the robot into your MT4 terminal and attach it to any forex chart window. Install is quick and takes less than 5 minutes.
Nope. The robot handles everything for you once it is installed and attached to your charts. Used by newbies and pros alike.
What forex broker should I use?
That depends on your country. Drop us a line at support if you need some help finding one.
Can I talk with someone about my questions?
Sure thing. Our handsome support team is ready to help you every step of the way.
6 причин выбрать justforex
Спреды от 0 пунктов
Низкие плавающие спреды на всех типах счетов, спреды на raw spread от 0 пунктов.
Две версии торговой платформы metatrader
Вы можете выбрать платформу MT4 или MT5 в соответствии с вашими потребностями и предпочтениями.
Кредитное плечо до 1:3000
Возможность выбрать удобное кредитное плечо от 1:1 до 1:3000.
170+ торговых инструментов
Мы предлагаем ряд валютных пар, драгоценных металлов для трейдеров, которые хотят зарабатывать на разных рынках.
Все стратегии разрешены
Использование советников, торговля на новостях, хеджирование, скальпинг и т.Д.
Исполнение ордера от 0,01 с
Исполнение ордера при нормальных условиях на рынке происходит за доли секунды.
Я начал работать с этой компанией после того, как получил welcome-бонус в прошлом году. Условия я выполнил, деньги получил. Продолжаю работать и не планирую менять брокера.
Я – новичок в форексе, но мне очень нравится профессионализм этой команды. Поддержка работает круглосуточно и отвечает на все вопросы. Они даже помогли мне найти хорошие статьи по форексу и открыть демо счет. Раздел "аналитика" – просто обязателен, как для новичков, так и для профи. Лично я читаю его каждый день и рекомендую каждому это делать. JF, вы – лучшие!
Я торговал с разными брокерами, и justforex – самый честный, как по мне. Проблем с выводом, верификацией и торговлей нет. На все вопросы отвечают и действительно стараются решать проблемы. Хорошие ребята, обратите на них внимание.
Я торгую с JF уже почти год. И за этот год проблем вообще не было. Мне нравятся их конкурсы и промо-акции – это хорошая возможность испытать себя и подзаработать в процессе. Больше всего мне нравится счет raw spread – нет проскальзываний, быстрое исполнение и очень много пар для торговли. Просто мечта. P.S. Спасибо за вашу работу, народ, мы видим как вы стараетесь!
Эрик из поддержки – молодец! У меня были проблемы с регистрацией карты, но вы во всем разобрались за пару минут. Я вывел уже больше 1 000 USD и продолжаю торговать.
Record forex allocation in first auction of 2021
Mr persistence gwanyanya
Tawanda musarurwa
Business reporter
After the three-week gap for the annual shutdown of most manufacturers, the first reserve bank of zimbabwe auction for this year saw a record demand and allocation of US$35,843 million, and the average exchange rate moving just 0,3 percent to $82,09 to US$1.
With the bulk of foreign currency from the auction allocated to the productive sectors, indications are that these businesses in farming, mining and manufacturing, all permitted in a level four lockdown, have been little affected by the latest lockdown, tightening in the second wave of covid-19 infections.
The zimbabwe dollar opened the new year steady, shifting by a marginal 0,3043 percent to $82,0914 from $81,7866 to the united states dollar after yesterday’s auction.
This well within the range of movements within the range of $83,3994 to $81,3458 since the end of august when the local currency achieved a high level of stability.
Total allocations this week rose to US$35,843 million from US$29,58 million for the december 21 auction.
Of that total, the bigger corporations accounted for the bulk of allocations at US$33,024 million, and the smes segment accounted for US$2,81 million. The reserve bank has already taken steps to ensure growing flows of foreign currency for the auctions by decreasing the percentage exporters are allowed to retain, although in return, allowing them to keep these retained earnings indefinitely to build reserves.
The removal of the limit on retentions has little practical effect on auction flows since most exporters were spending their retentions in full, even if they did not really need to import as much, while the higher surrender percentage will see flows into the auctions increase by a third.
These moves are in line with what independent economists have simultaneously been calling for to ensure the auction system continues to drive the productive sectors.
“going forward there is need now to grow the supply side (of foreign currency) to boost the auction system,” said economist persistence gwanyanya. “the country’s foreign currency situation has so far been well managed despite some mitigating external variables.”
Improved forex availability on the auction platform will foster greater participation on the platform as some players are still directing dealing with their banks, although using the prevailing official rate.
The total number of bids on the auction platform rose to 512 from 366 previously. On the main auction, the total number of bidders stood at 301, while 207 bids were recorded on the smes auction. Only 32 main bids and 11 SME bids were rejected, all for faulty paperwork over reconciling previous exports and imports, or because the bidders were seeking currency to pay for goods and services not on either priority list.
The highest bid on the main auction remained at $86, while that for the SME section was marginally higher at $86,5. But the lowest bids on both the main auction and the SME auction were merged at $80, the same in the previous auction.
In line with policy, the raw materials segment accounted for the bulk of allotments yesterday at US$16,68 million on the main auction and US$663 898 on the smes section.
Machinery and equipment came in second with US$4,05 million on the main and US$606 825 on the smes section.
And consumables came in third on the main auction at US$1,99 million; but on the smes section, consumables took up US$648 742. Consumables, which are basically tyres and spares, tend to be more dominant higher on the SME auction because of the number of specialist smaller companies in the maintenance and service sectors of the productive economy.
The foreign currency auction system has largely been attributed to pricing stability over the past six months, which is now being reflected in the inflation numbers.
Monthly inflation crashed from august and these small monthly percentages are seeing the annual rate fall as well as high monthly rises fall out of the averaging, although analysts note that the annual rate has little practical meaning as it is measuring rising inflation for seven months followed by very low inflation for five months and will continue to fall until all 12 months reflect the new largely stable pricing.
So, let's see, what we have: get started with a free forex robot you can use on your forex charts. It uses a great strategy to find trades on any currency pair you choose. At 1st forex
Contents of the article
- Free forex bonuses
- This free forex robot is ready to help you trade...
- Your free forex robot comes with all the good...
- Our free forex robot runs on your charts and...
- Start using a brand new strategy on your forex...
- All of the features you need to be successful as...
- What do I need to start using this free forex...
- Making your first forex trade
- Start the trading platform
- Step 2 - open the chart
- Step 3 - add indicators
- Step 4 - place the order
- Step 5 - set the stop loss and take profit levels
- Step 6 - order confirmation
- Step 7 - the waiting period
- Step 8 - trade completion
- 1st contact forex can help you save when you send...
- If you’re looking at sending money overseas in a...
- Details
- Shirley liu
- 1st contact forex exchange rates.
- How much does it cost to transfer money with...
- Minimum transfer amount and available...
- What types of transfers can you carry out with...
- The registration and transfer process
- What are the pros and cons of using 1st...
- What other products and services does 1st...
- Real questions from past users
- Is this service available for non-residents?
- Is there an app available to conduct transfers?
- How to check your progress of transferring your...
- How can I send documents required to verify my...
- What documents do I have to provide if I wish to...
- What documents do I have to provide if I wish to...
- What’s the 1st contact forex ‘refer a friend’...
- International money transfer offers
- Azimo international money transfers
- Torfx international money transfers
- Send international money transfers
- Worldfirst international money transfers
- Ask an expert
- Important information about this website
- This free forex robot is ready to help you trade...
- Your free forex robot comes with all the good...
- Our free forex robot runs on your charts and...
- Start using a brand new strategy on your forex...
- All of the features you need to be successful as...
- What do I need to start using this free forex...
- Making your first forex trade
- Start the trading platform
- Step 2 - open the chart
- Step 3 - add indicators
- Step 4 - place the order
- Step 5 - set the stop loss and take profit levels
- Step 6 - order confirmation
- Step 7 - the waiting period
- Step 8 - trade completion
- Record forex allocation in first auction of 2021
- This free forex robot is ready to help you trade...
- Your free forex robot comes with all the good...
- Our free forex robot runs on your charts and...
- Start using a brand new strategy on your forex...
- All of the features you need to be successful as...
- What do I need to start using this free forex...
- 6 причин выбрать justforex
- Спреды от 0 пунктов
- Две версии торговой платформы metatrader
- Кредитное плечо до 1:3000
- 170+ торговых инструментов
- Все стратегии разрешены
- Исполнение ордера от 0,01 с
- Record forex allocation in first auction of 2021
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.