Grand Capital Broker Discussion

Grand_Capital

Master Trader
Oct 13, 2015
200
0
52
36
Bitcoin deposit/withdrawal is now available

This July we made cryptocurrency trading available. Now Grand Capital clients can deposit and withdraw funds in one of the most popular cryptocurrencies, Bitcoin. There's no commission for deposit and withdrawal in Bitcoin.

Deposit and withdrawal requests are created in USD as usual, then they are converted into the account's currency according to the current rate. There's no limit on minimum deposit and minimum withdrawal sum is $10. You can deposit and withdraw in Bitcoin on Standard, Options, Micro and Swap Free accounts. Deposits to ECN Prime account are possible through internal transfer. There's no commission for such transfers and they are executed within 1 day.

To deposit/withdraw:
  • Go to your Private Office;
  • Select Bitcoin in Deposit/Withdrawal section;
  • Select an account and enter a sum;
  • Follow the instructions;
  • Withdrawal takes from 1 to 3 days.
Learn about other means of deposit and withdrawal available at Grand Capital here.

Grand Capital team
 

Grand_Capital

Master Trader
Oct 13, 2015
200
0
52
36
Interview with contest winners: “Successful traders take risks”

The winners of our contests are quite sure that a successful trader spares no expense on education, is always ready to take calculated risks and listens to more experienced traders. Read the opinions of the three of our most recent contest winners. Who knows, maybe their stories will help you to get to the top. Read, learn and dare!

Natalya Filliova, Russia, the winner of 201th round of Rally Trade

"I often participate in trading contests because I like the competitive spirit and the emotions associated with it. I tend to choose shorter contests. That's why after I won Drag Trade I decided to try Rally Trade and now I finally made it. I think I won thanks to a good AUDUSD movement, I managed to place the positions in time and it all worked out. The hallmark of a successful trader is a huge amount of time invested in education, That's why I advise the beginners to learn and make calculated decisions."

Tadeusz Kubala, Poland, the winner of 202th round of Rally Trade

"I'm 61. Until recently I owned a business, but now I work at a factory. I started trading about 10 years ago. I always liked the field of finance. Forex is very popular in Poland. I think the reason is that the technology education here is on a high level. I mostly trade USD/JPY, USD/CAD and EUR/USD. When I trade I alternate between technical and fundamental analyses. For example, I won this round thanks to the latter: Canada's GDP went up 0.3% this June and I figured that Canadian dollar would grow stronger.

All in all, financial market trading is not a very difficult thing. The real art of trading is in controlling your emotions. At the same time I think that a successful trader doesn't shy away from risk and has a strong spirit. I chose Grand Capital because of low minimum deposit, low spread, the absence of requotes and the safety of funds. My advice for the beginners is to deal with stress, not to be afraid to change your strategy and set adequate stop losses."


Ebrahim Nejaddarzi, Iran, the winner of 385th round of Drag Trade

"I'm 41 and I'm a teacher. I've been trading for 10 years. At first, I used to lose a lot, but now I focus on money-management and risk management. My most memorable trade was at the time of Brexit. Then I profited a lot from selling the GBP. I use a combination of moving average 55 and Ichimoku. I trade mostly USDJPY, GBPUSD and EURUSD. Demo contests help to understand the market better. I won this round thanks to fast decision-making. But the beginners should only make decisions based on thorough analysis of the situation and not on intuition, and learn from the others' experience."

P.S. Read contest rules and sign up for the next round here.
 

Grand_Capital

Master Trader
Oct 13, 2015
200
0
52
36
Grand Capital launches the first blockchain-based secure Forex marketplace



Grand Capital has been providing online trading services for over 10 years. During this time we became a prominent member of the global broker community. Participation in major industry events enabled us to compare our own experience with others. We analyzed the current situation on Forex and binary options markets and realized that the industry needs to change as there is still no means for traders to feel secure on the worldwide scale, when working with foreign brokers.

We teamed up with our tech partners from UpTrader and set out to solve this problem. Now we are ready to present Serenity Financial, the first blockchain-based secure Forex marketplace for traders and brokers. Serenity acts as an intermediary that controls both parties. The platform utilizes modern technology, including cryptocurrencies and blockchain, which ensures the integrity of all trades and withdrawal transactions.

Funding of the platform will be as transparent as its operation. We invite everyone interested in the project to participate in Serenity Financial ICO. Pre-ICO starts as soon as mid-November. Learn how the platform works and read about the ICO on Serenity Financial website.

Denis Kulagin, Serenity Financial CEO:

"Serenity is a unique project. It has all the potential to change Forex market and solve a lot of problems traders face. Serenity uses blockchain technology to record all trading and non-trading transactions. The platform stores funds and provides liquidity to brokers. It's Forex reinvented, a united, secure and honest Forex for everybody."

The project is already supported by a number of brokerages and fintech companies which are ready to act as both partners and participants of the project.

Dmitry Rannev, one of Forex pioneers and CEO of Rannforex:

“I've always stood for transparent Forex. The project aims to increase transparency on the market, hence I support it. The idea is quite interesting and I think that it has all chances to evolve into something great.”

Follow the news about Serenity on Facebook, Twitter, Medium and Youtube.
 

Grand_Capital

Master Trader
Oct 13, 2015
200
0
52
36
Grand Capital weekly recap (October 9th — 13th



Here are the results of the last trading week. Follow the top traders!

The most active client

Placed 2079 trades, including 1213 profitable ones and 866 that resulted in a loss. The majority of trades involved EUR/USD, AUD/CAD and USD/CHF.

Maximum deposit growth

In one trading week on a single account was $50 664.85.

The most profitable trade of the week

In one trading week on a single account was +$13 012,83. The trade was opened on the 28th of September at 10:48 AM and closed on the 10th of October at 6:30 PM.

The most interesting instruments chosen by traders:
  • WHEAT — wheat futures contract. The size of wheat futures contract is 5.000 bushels. Since bushel is a volume measurement unit, different kinds of grain have different weight equivalents. For wheat it's 136.00775 metric tons.
  • @ EJPY — euro/Japanese yen cross-currency futures. The trading volume is several thousand contracts a day, the contract size is 125 000 euro. Minimum price fluctuation is 0.01 yen for 1 euro or 1 250 yen per 1 contract. Initial margin is 324 000 yen.
  • # ROSNEFT — Russian oil and gas company. In 2013 in became the world's largest oil producer. In 2016 Rosneft was included in Fortune Global 500 (118th). Turnover: $80.8 billion (2016);
  • # MCD (McDonald’s Corporation) — an American corporation, the world's largest chain of fast food restaurants until 2010 which uses a franchise system. In 2016 it was included in Fortune Global 500 (420th). Turnover: $35.39 billion (2016);
  • # BAC (Bank of America) — an American financial conglomerate which provides financial services for individuals and legal entities. It's the largest bank holding company in the US by number of assets. Bank of America is 23rd among the largest companies according to Forbes (2015). Turnover: 83.416 billion (2015).
Earn more with Grand Capital
 

Grand_Capital

Master Trader
Oct 13, 2015
200
0
52
36
Interview with contest winners: "Everything that happens here depends only on you"

Among the recent contest winners are a water supply company employee, yoga teacher and a future Master of Laws in Taxation. The common theme of this interview round-up is that experience helps. Learn not only from your own experience but also from the experience of others.

Oleg Zharskiy, Russia, the winner of 204th round of Rally Trade, received no-deposit bonus of $500. Oleg had already won Drag Trade contest before.

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"I'm 54 and I'm a junior manager at the city water supply plant. My work schedule allows me to spend time on my hobby, which is Forex trading. Although in summer I'm usually distracted by other things, and the Internet access is awful at my dacha. I've been constantly participating in Grand Capital contests. I think that all these contests are great, each in its own way. I joined this round and started trading only three hours after the contest began, but I won nonetheless in the end. Although to a large extent I won thanks to the opponent's mistakes, who took the second place. Late in the contest he got nervous and started losing. Can anyone become a trader? I don't know. The important thing is to like it, if you're not interested, you're not going to get very far. Before I begin trading, I read analytic reviews for about an hour and choose a strategy. I pay attention to indicators in my trading terminal. I will continue to trade. After all, experience comes with time."

Marina Zorina, Russia, the winner of 57th round of Future Trade, received no-deposit bonus of $1000.

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"I'm 38. I teach yoga and I like to travel in my spare time. How did I get into trading? I was looking online for a job or just a source of extra income. So I was introduced to the currency market. I've been trading for about 10 years. Last year I managed to triple my balance when the market was very volatile. It was a great achievement for me. At first, I had lots of difficulties, of course, both with learning how to use trading software and with understanding the points of entry and exit. In this contest, I used indicator-based strategy. When I trade on a real account, I usually base my strategy on the channels lines, intraday support and resistance levels. I like that Grand Capital offers various contests, both for demo and real accounts. Future Trade is a demo contest, meaning the money isn't real. It's important since not everyone has a couple hundred dollars to spare from a personal budget. Still, a market is a market and no one can provide you with guarantees. Everything that happens here depends only on you, and on your skill and experience. The contest is a great opportunity to earn a decent income without any investment."

Christoph Schneider, Austria, the winner of 389th round of Drag Trade, received real $200.

fKVJK.jpg


"I'm 26. I study economics at a university and now I'm working on my Master's thesis, it's about the influence of taxation on transportation prices. I started trading three years ago on the advice of my friend. It seems to me that in Austria and Germany people are less interested in investing in financial markets than in other countries. Everyone here is very cautious about it. Trading is a proper analysis of data. If you want to achieve something amazing, you have to follow the news and choose a correct strategy. I attended a couple of courses on finance as a part of my education, so I learned the basics there. But mainly I learned trading on my own. I started with combining short-term and long-term strategies. Surprisingly it brought results immediately. For a long time, I engaged in intraday trading and traded binary options and DAX CFD (Germany's major stock index). Recently I got interested in precious metals, coal and Russian stock index. It's because I think that there will be a correction soon on American and European stock markets. When I choose a broker I pay attention to the range of offered trading instruments. And, of course, the possibility of trading small amounts with a low spread, since my funds are not so big yet. With Grand Capital, I trade Russian stock CFDs and metals that aren't offered by other brokers. The most important for beginners is a good risk management. Place stop orders and make sure that your account balance stays liquid, it helps you react to unforeseen circumstances."

P.S. Read contest rules and sign up for the next round here.
 

Grand_Capital

Master Trader
Oct 13, 2015
200
0
52
36
Grand Capital weekly recap (October 16th — 20th)



Let's look back at the past trading week. Here are the best results in our weekly recap.

The most active client

Placed 1882 trades, including 899 profitable ones and 983 that resulted in a loss. All trades involved EUR/USD.

Maximum deposit growth

In one trading week on a single account was $15 757,24.

The most profitable trade of the week

Resulted in a profit of +$6328,00. The trade was opened on the 6th of October at 3:13 PM and closed on the 16th of October at 8:21 PM.

The most interesting trading instruments chosen by traders:
  • CORN — Corn futures contract. One corn futures contract volume is 5000 bushels or 127 metric tons. Minimum price fluctuation is 0.25 and costs $12.5;
  • COCOA — cocoa futures contract. Cocoa futures contract volume is standard and equals 10 tons. Ono pip costs $10. Thousands of suppliers, industrial customers and investors around the world follow closely the quotes of this commodity asset. The largest producer of cocoa is Côte d'Ivoire. Other major producers include Indonesia, Ghana, Nigeria, Brazil and Cameroon;
  • GOLD — gold futures. Contract volume: 100 troy ounces (around 3.11 kg). Minimum price step: $0.10 per ounce ($10.00 per contract). Gold prices usually grow during economic crises. Historically, the inflation growth is also usually accompanied by the growth of gold prices;
  • # DD (DuPont) is an American chemical company and one of the world's largest companies in the industry. The company has developed many unique polymers and other materials, including neoprene, nylon, Teflon, Kevlar, mylar, etc. Included in the list of Fortune 1000 in 2008 (81st place);
  • # DIS (The Walt Disney Company) — one of the major financial conglomerates of the entertainment industry. The company was founded in 1923 by Disney brothers as a small animation studio. Now it is one of the largest Hollywood studios, which owns 11 amusement parks and two water parks, as well as several television and radio broadcasting networks. Included in the Dow Jones industrial index.
Earn more with Grand Capital!
 

Grand_Capital

Master Trader
Oct 13, 2015
200
0
52
36
Grand Capital weekly recap (October 23rd–27th)



We have selected the last week's best traders. Read the new round-up and learn about the client with a stunning ratio of profitable and losing trades.

The most active client

Placed 1008 trades, including 997 profitable ones and 11 that resulted in a loss. The majority of trades involved EUR/USD and GOLD.

Maximum deposit growth

In one trading week on a single account was $45 660,18.

The most profitable trade of the week

In one trading week on a single account was +$28 825,00. The trade was opened on the 12th of October at 1:27 PM and closed on the 23th of October at 3:49 PM.

The most interesting instruments chosen by traders:
  • NASDAQ-100 — futures mini contract for NASDAQ-100 stock index. The contract size is calculated by multiplying the current value of the index by 20 USD. 1 tick is 0.25 and costs $5. NASDAQ is an American OTC market that specializes in hi-tech companies shares (electronics, software etc.);
  • LUMBER — lumber futures contract. The contract size is standard and equals 110.000 board-feet. One tick is 0.1 and costs $11.00;
  • KC — coffee futures contract. The contract size is 37 500 pounds (around 17 tons). One tick is 0.05 and costs $18.75. Coffee market has a higher liquidity than many other commodity markets because of the high demand for coffee;
  • # YANDEX ("Yandex") is a Russian multinational company that owns an eponymous search engine, multiple online resources and services in several countries. Yandex is the world's 4th largest search engine by the number of processed search requests (over 6.3 billion per month as of early 2014). Turnover: 75.92 billion RUB (1.25 billion USD) as of 2016;
  • # APPLE — an American manufacturer of personal computers, tablets, audio players, mobile phones and software. Apple occupies the first place in the world by market capitalization, which is 537 billion USD as of January 11th, 2016.
Earn more with Grand Capital!
 

Grand_Capital

Master Trader
Oct 13, 2015
200
0
52
36
Grand Capital weekly recap (October 30th–November 3rd)



Read our recap of the best trading results of the past week.

The most active client

Placed 1110 trades, including 563 profitable ones and 547 that resulted in a loss. The majority of trades involved GBP/USD, GBP/JPY and EUR/USD pairs.

Maximum deposit growth

In one trading week on a single account was $27 955,75.

The most profitable trade of the week

In one trading week on a single account was +$7800,00. The trade was opened on the 25th of October at 1:54 PM and closed on the 2nd of November at 12:10 PM.

The most interesting instruments chosen by traders:
  • COTTON — cotton futures. The contract size is 50 000 pounds (around 22.68 tons). One tick is 0.01 and costs $18,75;
  • FESX — DJ EURO STOXX 50 index futures. The contract volume is calculated according to the following formula: €10 multiplied by the current index quote. One tick equals €10.00. Dow Jones EURO STOXX 50 is a market capitalization-weighted stock index of 50 large, blue-chip European companies operating within eurozone nations;
  • GASOLINE — gasoline futures. Contract volume: 42 000 gallons (around 159 cubic meters). Minimum price step: $0.0001 per gallon or $4.20 per contract. Gasoline is a product of crude oil distillation. Gasoline price is subject to seasonal fluctuations, local minimums are reached in December and local maximums are reached in May;
  • # FORD — an American manufacturer of vehicles, automotive parts, and accessories. It’s the world’s fourth largest automaker by volume of production during the whole history of a company. Now Ford is the third largest automaker in the US (after GM and Toyota) and the second in Europe (after Volkswagen). The company occupies the 9th place in Fortune 500 (a list of the largest US public companies) as of 2015;
  • # AEROFLOT — the largest airline in Russia and one of the world's oldest airlines. It was founded in 1923 and at the time was fully state-owned. After the Soviet Union was dissolved, the company became semi-privatized, with 51% of the shares still owned by the government. As of 2015 Aeroflot's revenue is 366 307 billion RUB.
Earn more with Grand Capital!
 

Grand_Capital

Master Trader
Oct 13, 2015
200
0
52
36
Come to Finance Magnates London Summit on the 15th of November



On the 15th of November, Grand Capital CEO Stanislav Vaneev, together with UpTrader, a software provider and our partner, will participate in Finance Magnates London Summit ‘17.

The event will gather more than 2000 financial industry players: brokers, developers, banks, hedge funds and start-ups. Our team will be receiving guests at the booth №2.

Stanislav Vaneev:

“Recently the industry has seen a lot of revolutionary changes. Just look at how blockchain technology changes literally everything around us. You won’t get too far without cooperation and partnership at times like these. The events such as Finance Magnates summit help establish relationships and “stay on trend”. We have a lot to show you in London, and it’s always useful to learn what our colleagues and clients think about our products. It’s already become a tradition for us to participate in expos together with our partner, UpTrader. This year’s London Summit is shaping up to be particularly eventful and rich. We’ll be glad to see you all at our booth. Also, we’ll be presenting our new project, Serenity, to the professional community”.

Expo address: 1 Old Billingsgate Walk, London.

The expo is open from 9:00 AM to 6:15 PM. Learn the details on the Finance Magnates London Summit website.

We look forward to seeing you in London!

Grand Capital team
 

Grand_Capital

Master Trader
Oct 13, 2015
200
0
52
36
Interview with contest winners: “I’m always on the market”

Meet two winners of Rally Trade and one winner of Micro Trade in our new interview round-up.

We think it’s very reasonable to learn from others’ experience, that’s why we try to make our interviews more useful for beginners. The winners talk about their winning strategies and provide advice on risk management.

Maksim Meshkov, the winner of the 205th round of Rally Trade, received no-deposit bonus of $500

“I’m a veterinarian. First I got introduced to the market in 2014. I started with binary options, they were aggressively marketed at the time. About a year later I started wondering about Forex. At first, I was learning the basics on my own. However, I quickly realized that those massive amounts of information were really confusing. So I enrolled in a course and everything was broken down for me and I started to understand what trading is. My trading day starts before the European session. One of my rituals is getting all unnecessary things off the desk and getting my monitors ready. My most successful trade involved GBP at the time of Brexit. I was bold enough to hold the position and took 1100 points. But greed and emotions got the best of me on the same day and I lost half of my profit. Mostly I trade with GBP/USD and GBP/JPY. The second pair is very volatile and can get you 400-700 points in a day. Sure, you can easily lose just as much. My favorite strategy is Price Action. When I choose a broker, I pay attention first of all to how long they’ve been working on the market. Grand Capital is one of the long-living companies. Among other advantages are excellent order execution, low spreads and fast withdrawal. The only thing I’d add is one more contest, specifically for binary options.”

Maksim Abramov, Russia, the winner of the 81st round of Micro Trade, received 300% of the difference in account equity

“Now I work as a tire fitter and I’ve been trading for about 10 years in total. During this time I had my ups and downs. I have a mathematical mindset, that’s why I find use for my skills in trading. I think that the most important thing for a trader is the ability to control emotions. Many give up after big defeats. I’m not one of them and I always go all the way. Actually, I’m always on the market. At any given time I have some open trades. During my years of trading I have tried many strategies, but I stuck with the levels. Now I trade with breakouts of daily maximums and minimums, and my favorite instruments are the dollar, the pound, the yen and gold. When choosing a broker I look at the reviews and trading conditions. I abandoned my previous broker because they implemented a limit on the amount of simultaneously open trades. I don’t like to be constrained. I’ve been participating in Micro Trade for a long time, but I never won anything. Probably my trading was a bit raw. Now everything is fine in that department.”

Amadeu Costa, Portugal, the winner of the 206th round of Rally Trade, received no-deposit bonus of $500

“I’m 50 and I’m a programmer. I started trading a year ago. I like analyzing financial markets and following the economic statistics. I have a predisposition towards bearish trends, so it can be a bit of a problem on a bull market. I studied various strategies, but I’m not really well-versed in all that. I mainly rely on my intuition and macroindicators. However, the psychology of the market sometimes can be so irrational. Recently I placed a marvelous trade: I earned 1000 Euro with the deposit of 10 Euro. But in the next trade I lost all my profit. I’m a short-term trader, sometimes I win and sometimes I lose. Among my favorite instruments are DAX index and EUR/USD, GBP/USD pairs. I’m only beginning my trading career and trying to earn enough money for deposit in contests. I liked Rally Trade for being a short contest and the results were available right away.”

P.S. Learn the contest rules and sign-up for the next round here.
 

Grand_Capital

Master Trader
Oct 13, 2015
200
0
52
36
Grand Capital weekly recap (November 13th–17th)



Follow the best traders in our weekly recap.

The most active client

Placed 742 trades, including 505 profitable ones and 237 that resulted in a loss. The majority of trades involved EUR/USD and GOLD.

Maximum deposit growth

In one trading week on a single account was $22 381.47.

The most profitable trade of the week

Resulted in a profit of +$5959.93. The trade was opened on the 6th of November at 12:14 PM and closed on the 15th of November at 4:06 PM.

The most interesting trading instruments chosen by traders:
  • LIVE CATTLE — deliverable futures contract for 40 000 pounds of live cattle. Household livestock raised to produce beef is the largest segment of American agriculture. Minimum tick is 2.5 cent, which equals $10.00;
  • ORANGE JUICE — orange juice futures contract. The contract size is standardized and is 15 000 pounds (approximately 6.9 tons). One tick is 0.05 and costs $7.5;
  • # ROSTEL («Ростелеком») — a Russian largely state-owned telecommunications company, provides local and long-distance telephone services, broadband Internet access (Russia’s largest provider by the number of subscribers), interactive television, cellular communications, etc. Turnover: 297.45 billion RUB (2016);
  • # GOOGLE (Google Inc) is an American multinational public corporation that invests in web search, cloud computing, and advertising technologies. Google supports and develops a number of Internet services and products;
  • # CVX (Chevron Corporation) — America's second largest energy corporation (after Exxon Mobil), one of the biggest companies in the world. In 2015 it was listed third in Fortune 500 and twelfth in Fortune Global 500 in 2014.
Earn more with Grand Capital
 

Grand_Capital

Master Trader
Oct 13, 2015
200
0
52
36
Come to Money Fair expo in Shanghai from the 1st to the 3rd of December and receive gifts



Grand Capital will participate in Money Fair expo in Shanghai from the 1st to the 3rd of December. Money Fair is the largest financial expo in China and will be welcoming the participants for the 15th time in 2017.

We will present Serenity, the first blockchain-secured marketplace for financial market trading. Our team will be expecting visitors at the booth W02. Join our WeChat group, take a photo at our booth and receive gifts from our company!

Expo address: Shanghai Exhibition Center, No 1000 Middle Yan'án Road.

Open hours: 9:00 AM–4:00 PM on December 1st–2nd and 9:00 AM–2:30 PM on December 3rd. Learn more on MoneyFair website.

Grand Capital team
 

Grand_Capital

Master Trader
Oct 13, 2015
200
0
52
36
Grand Capital weekly recap (November 20th–24th)



Last week’s top traders in our latest recap.

The most active client

Placed 548 trades, including 435 profitable ones and 113 that resulted in a loss. The majority of trades involved GBP/USD.

Maximum deposit growth

In one trading week on a single account was $44 000.00.

The most profitable trade of the week

Resulted in a profit of +$6430.00. The trade was opened on the 9th of November at 1:40 PM and closed on the 23rd of November at 10:14 AM.

The most interesting trading instruments chosen by traders:
  • COPPER — Copper futures. Contract volume is 25 000 pounds (around 11.34 tons). Minimum price step is $0.0005 per pound ($12.5 per contract). Millions of investors follow the copper quotations every day. Copper is the first metal to be worked and used by man. Total world production of copper is about 16 million tons per year;
  • AEX — AEX index futures. The size of the contract is calculated by multiplying €200 by the index quote. The quotes are specified in the index points. 1 tick equals 0.05 index point and costs €10.00. AEX index is one of the Netherlands’ most important stock indices and encompasses 25 of the country’s major companies;
  • @EGBP — Euro/pound cross currency futures. It's a low activity contract with daily volumes not above several hundred contracts. The size of the contract is 125 000 EUR. Minimum price fluctuation (1 point and 1 tick) is 0.00005 GBP for a contract or 6.25 pounds per contract;
  • # MSFT (Microsoft Corporation) — the world’s largest software company. As of 2016, the company's revenue is $86.6 billion. Net profit for July–September 2017 was $6.58 billion, or 84 cents per share. Last year’s values are $5.67 billion and 72 cents;
  • # AXP (American Express) — American financial company. The most famous products of the company are credit cards, charge cards and traveler's cheques. In 2016 American Express was listed 95th in the Forex Global 2000 rating of the major public companies, it also was 247th by revenue, 104th by net profit, 171th by assets and 129th by market capitalization.
Earn more with Grand Capital
 

Grand_Capital

Master Trader
Oct 13, 2015
200
0
52
36
Interview with contest winners. Mechatronics engineer from India talks about risk management and scalping

The winner of the 392nd round of Drag Trade lives in India, works as a mechatronics engineer and has been trading on financial markets for about five years. Pongurlekar Sunand Sudhir told us how beginners should polish their skills, what strategies should be used with scalping and how to choose a broker.

Tell us a little bit about yourself, how old are you, where do you work?

I am a 27-year-old engineer with graduation in Bachelor of Engineering Mechatronics. My work is related to automation and robotics, I have to calibrate machines to work in the desired manner with the help of computer programming.

How did you start trading? How did it all begin?

I started with Forex trading during my final year of studying engineering so I have been around the world of Forex for about 4–5 years. I started Forex trading when I looked at the volatility in Forex market during major economic data releases. I found this volatility as an opportunity to place trades. Initially, I started with a demo account and have been participating in many contests including those conducted by Grand Capital for more than 3 years. It is only last year that I started trading on live accounts so I am still a novice when it comes to trading on real accounts.

How popular is trading in India?

Forex trading was somewhat less popular in my country when I began 5 years back. However, nowadays there is more awareness about Forex trading in India and many brokers are offering local bank deposit/withdrawal option at competitive exchange rates to Indian customers. Many international brokers have their partners and IBs in India and even some have opened up offices in India.

How did you learn to trade?

I learned to trade from reading technical analysis books, technical analysis research of analysts, watching Youtube videos and attending seminars organized by brokers.

As a novice trader, I experienced a lot of problems with risk management and placing stop losses to exit losing trades. As a result, I believe that the paramount factor in Forex trading is how to manage your losses.

What’s your trading style? What strategies do you use?

The volatility is my best friend. My trading style is scalping and news trading during important economic data releases. My prime trading strategy involves scalping and using technical tools such as moving averages, Bollinger bands, MACD and Fibonacci levels on short-term charts like 1m, 5m, 15m. I believe in cutting my losses as quickly as possible and never average the trades.

What are your favorite trading instruments?

I prefer to trade mainly major Forex pairs such as EURUSD, GBPUSD, USDJPY, USDCAD, AUDUSD and EURGBP. I believe they have the best liquidity and as a result the tightest spreads of all the asset classes which is important while scalping.

What do you look at when choosing a broker?

I mainly look out for tight spreads, faster execution of trades, no hassle in deposit/withdrawal of funds, security of funds and lastly, local bank deposit/withdrawal option for Indian customers. In fact, I opted Grand Capital for the local bank deposit/withdrawal option. Also, I admire the way Grand Capital organizes contests regularly.

What are your impressions of Grand Capital contests?

As I said earlier, I like demo contests and moreover, your Drag Trade contest is a high reward contest as the winner stands a chance to win a prize in a duration of only 1 hour. Drag Trade contest offers high initial capital of USD 100 000 so even if you make few losses then also you can recover and come back.

What piece of advice can you provide for beginners?

Lastly, I am myself a novice trader but if there was one piece of advice I would give to rookie traders than it would be "Do not worry about your profits but restrict your losses to a minimum and the profits will follow".

I would like to conclude by saying only this quote "The world of Forex is very fickle so our job is not to reason why, but our job is to only sell and buy".

P.S. Learn the contest rules and sign-up for the next round here.
 

Grand_Capital

Master Trader
Oct 13, 2015
200
0
52
36
Grand Capital weekly recap (November 27th–December 1st)



Here are the results of the last trading week.

The most active client

Placed 941 trades, including 778 profitable ones and 163 that resulted in a loss. All trades involved GBP/USD.

Maximum deposit growth

In one trading week on a single account was $27 540,00.

The most profitable trade of the week

Resulted in a profit of +$18 735,00. The trade was opened on the 21st of November at 11:13 AM and closed on the 27th of November at 2:52 PM.

The most interesting trading instruments chosen by traders:
  • ROUGH RICE — rough rice futures contract. Rice is one of the most cost-demanding grain crops. It is produced all over the world and is second by the production volume among the top three grains, standing between wheat and corn. Minimum price step is 0.5 cent and costs $10;
  • Dow Jones — Dow Jones stock index mini futures contract. DJIA (Dow Jones Industrial Average) index is the oldest American market index existing today. It was designed to follow the development of the industrial segment of American stock markets. The index comprises 30 major American companies. Although the index is still called "industrial", the large portion of the companies included have nothing to do with heavy industry. The contract size for DJIA is calculated according to the formula: $5 multiplied by the index quote;
  • # MAGNIT («Магнит») — a Russian food retail company and an eponymous supermarket chain. As of December 31, 2016, the company's network included 14,059 stores. In 2016 the company's revenue amounted to 1.07 trillion RUB;
  • # PFE (Pfizer) — an American pharmaceutical corporation, one of the world’s largest companies in the industry. Pfizer shares were included in Dow Jones Industrial Average on the 8th of April, 2004;
  • # NIKE — an American company, a world-famous manufacturer of sportswear. According to analysts, Nike owns almost 95% of the US basketball footwear market. The brand is estimated at $10.7 billion and is the most valuable trademark in the sports industry. It is included in Dow Jones industrial index since September 2013.
Earn more with Grand Capital!
 

Grand_Capital

Master Trader
Oct 13, 2015
200
0
52
36
Grand Capital confirms FinaCom certification

On December 4th, 2017, Grand Capital and FinaCom decided to prolong their partnership as a result of the annual certification procedure. Grand Capital became a member of FinaCom, a dispute resolution commission for the participants of Forex market, in January 2016.

Learn here what it means for the company and our clients.

What is FinaCom

FinaCom, or Financial Commission, is an independent international dispute resolution committee dedicated to Forex market. FinaCom investigates the claims of traders and brokers and acts as a neutral party in the disputes. The board consists of industry professionals who study the information provided by both parties and make a ruling based on evidence.

Why it’s important for us

Financial Commission unites the brokers that place value on industry transparency and their business reputation, making the quality of their services the top priority. By joining Financial Commission brokers confirm that they are ready to uphold the accepted standards.

Why it’s important for our clients

Membership in Financial Commission is designed to provide an honest and open dialogue. The clients of a member company receive access to unbiased arbitration and an opportunity to protect their interests. In case of any disputes, the clients can always appeal to FinaCom experts. They will look into the case and resolve the dispute.



Grand Capital team
 

Grand_Capital

Master Trader
Oct 13, 2015
200
0
52
36
Grand Capital weekly recap (December 4–8)



Learn the results of the past trading week.

The most active client

Placed 864 trades, including 455 profitable ones and 409 that resulted in a loss. The majority of trades involved GOLD, EUR/USD and EUR/JPY.

Maximum deposit growth

In one trading week on a single account was $58 375.64.

The most profitable trade of the week

Resulted in a profit of +$14 430.00. The trade was opened on the 17th of October at 2:51 PM and closed on the 8th of December at 9:15 AM.

The most interesting trading instruments chosen by traders:
  • PLATINUM — Platinum futures contract. The contract volume is 50 troy ounces (1.56 kg). Minimum price step is $0.10 per ounce and $5 per contract. Platinum is the main and most popular member of platinum group of elements, which also comprises palladium, ruthenium, rhodium, osmium and iridium;
  • HEATING OIL — heating oil futures. The contract size is 42 000 gallons (1 imperial gallon is roughly 4.55 liters). The quotation is in US dollars and cents per gallon. Minimum price fluctuation: $0.0001 per gallon;
  • # UTX (United Technologies) — Founded in 1929, it is one of the largest financial and industrial groups in the United States. Market capitalization: $ 91.110 billion (2016);
  • # FACEBOOK — the world's largest online social network. Facebook.com is one of the five most visited websites in the world. As of June 2017, monthly audience of the network is 2 billion users, while the revenue is $27.638 billion (2016);
  • # MCD (McDonald’s Corporation) — an American corporation, the world's largest chain of fast food restaurants (until 2010) which uses a franchise system. In 2016 it was included in Fortune Global 500 (420th). Turnover: $35.39 billion (2016).
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Grand_Capital

Master Trader
Oct 13, 2015
200
0
52
36
New Year promotion from Grand Capital: Get free tokens for trading until January 15th



Bitcoin, Ethereum and many other cryptocurrencies experienced explosive growth in 2017. On the threshold of the New Year, together with Serenity Financial, we’re holding a promotion in the course of which we will give away 2000 tokens. In order to participate, trade on your ECN Prime and or Standard accounts between December 15th, 2017 and January 15th, 2018

How to start:
How to participate
  1. Before January 15th place at least three trades (involving cryptocurrency) on your ECN Prime account, or at least five trades (involving any instruments except stock CFD) on your Standard account
  2. Share a screenshot of any trade on your Vkontakte page, Facebook page or Twitter with these hashtags: #ToTheMoon, #ICOSerenity, #GrandCapital_BestECN
  3. Contact Grand Capital tech support (info@grandcapital.net) to provide a link to your post, your account ID and your Ethereum wallet number
  4. You will receive a SERENITY token to your Ethereum wallet within 5 working days
Terms of the promotion
  • Total turnover of your trades on ECN Prime must be at least $10 000, or at least three lots on a Standard account
  • One SERENITY token is awarded for every three trades involving cryptocurrency on an ECN Prime account or for every five trades on a Standard account
  • One SERENITY token = 0.1 ETH
  • The number of tokens is limited. In total, 2000 tokens ($100 000) will be distributed in the course of the promotion
What is Serenity?

Serenity is a platform for secure currency, cryptocurrency and CFD trading. A total of $506,782 was attracted during the Pre-ICO. ICO starts on the 25th of January. SERENITY tokens can be used to pay for the platform’s services or sold on an exchange after the ICO ends.

Learn more about the promotion rules here.

Grand Capital team
 

Grand_Capital

Master Trader
Oct 13, 2015
200
0
52
36
Grand Capital weekly recap (December 11th–15th)



Learn the best results of the last trading week. Read and compare them with your own.

The most active client

Placed 484 trades, including 452 profitable ones and 32 that resulted in a loss. The majority of trades involved GBP/USD, USD/CAD, NZD/USD, EUR/GBP.

Maximum deposit growth

In one trading week on a single account was $80 636,52.

The most profitable trade of the week

Resulted in a profit of +$14 700,00. The trade was opened on the 16th of November at 3:23 PM and closed on the 13th of December at 3:37 PM.

The most interesting trading instruments chosen by traders:
  • KC — coffee futures contract. The contract size is 37 500 pounds (around 17 tons). One tick is 0.05 and costs $18.75. Coffee market has a higher liquidity than many other commodity markets because of the high demand for coffee;
  • GOLD — gold futures. Contract volume: 100 troy ounces (around 3.11 kg). Minimum price step: $0.10 per ounce ($10.00 per contract). The price of gold usually grows during economic crises. Historically, the inflation growth is also usually accompanied by the growth of gold price;
  • NASDAQ-100 — futures mini contract for NASDAQ-100 stock index. The contract size is calculated by multiplying the current value of the index by 20 USD. 1 tick is 0.25 and costs $5. NASDAQ is an American OTC market that specializes in hi-tech companies shares (electronics, software etc.);
  • # INTC (Intel Corporation) — an American producer of electronic devices and computer components, including microprocessors, chipsets, etc. Volume: $59.4 billion as of 2016.
  • # PEPSI – PepsiCo is an American manufacturer of non-alcoholic beverages and food. More than a half of the company's net revenues comes from the US and 20% from Mexico, Russia, Canada, United Kingdom and Brazil. As of 2016, PepsiCo is listed 90th in Forbes Global 2000 ranking of largest public companies, and 42nd by market capitalization.
Earn more with Grand Capital!
 

Grand_Capital

Master Trader
Oct 13, 2015
200
0
52
36
Grand Capital 2017 Recap

Stanislav Vaneev, CEO of Grand Capital:

“Dear clients and partners! I would like to personally wish you financial growth and prosperity, and most importantly, for your loved ones to be safe and healthy! At the end of each year, we always take our time to look back, reflect on what’s happened and make plans for the year to come.”

During 2017 we’ve seen the figures grow:
  • The company’s average monthly turnover has risen by 27% and now amounts to $6 billion.
  • The number of our clients has also grown by 40%. Now we service 455 149 people.
  • We have 15% more web partners. Now there are 18 152 of them.
  • A total of $371 000 in bonuses was granted to Grand Capital clients.
  • In 2017 the company held 102 contests for traders.
Year of cryptocurrency
  • Grand Capital has followed the main trends of 2017 and now offers 17 cryptocurrency pairs for trading: BCH/USD, ETH/BTC, XMR/USD, BTC/USD, LTC/USD, LTC/BTC, ETH/USD, ETH/LTC, DSH/USD, DSH/BTC, ETC/BTC, XRP/USD, ETC/USD, BTC/EUR, ZEC/USD, ZEC/BTC, BTC/RUB.
  • We introduced a new deposit option. Now you can make deposits and withdraw funds in Bitcoins. Soon the same will be offered for Ethereum.
  • Grand Capital team started working on Serenity, the first blockchain based marketplace for traders and brokers. The project will make trading on financial markets transparent and safe. Serenity ICO starts in January 2018.
Year of improvements

In 2017 Grand Capital updated a number of trading instruments and introduced new features.
  • We enhanced our ECN account and turned it into a new generation ECN Prime. ECN Prime is based on AMTS technology. It supports traditional currency pairs and cryptocurrency trading. What’s more, you can use Depth of Market feature, place orders within spread and employ high frequency strategies in your trading.
  • We launched a Binary Options trading app for iOS and Android, where you can place trades right from the chart, use trading signals, contact our support team via LiveChat.
  • We renewed the Web Terminal for Binary Options. The new interface is much simpler and intuitive. You can see everything that is needed for effective trading on a single screen: live chart, trades info, quotes, etc.
  • We partnered with an algorithmic trading systems provider. Grand Capital clients can use robots that have been tested on Mfxbook.
Year of education

In 2017 we introduced free educational materials.
  • Watch 130 free video lessons on Forex and Binary Options trading. The course is available in 20 languages.
  • The company’s analysts Evgeniy Boguraev and Sergey Kozlovsky published a book for beginner traders which uncovers all secrets of technical and fundamental analysis, risk management and trading terminal settings.
  • Grand Capital has held 35 seminars worldwide.
Read more about 2017 here.

Grand Capital team.