Company News

Due to May statutory holidays in Russia, the following changes in shcedule of Moscow Exchange and Rissian Stock instrument group will take place:

30th of April through 3rd of May - markets closed

7th of May through 9th of May - markets closed

The changes will expire on 10th of May.

The rest of the instruments will be available for trading as usual.

All Grand Capital services will continue to operate as usual.

Yours truly,
Grand Capital.

Bonus accounts in Forex have always been a controversial topic. We’ve decided to ask one of the winners of Futures Trade (the contest where the winner gets $1000 bonus with withdrawable profit) what he thinks about bonuses and how much he managed to earn with the help of the prize funds.

The first question will be about the concept of a forex bonus. There are hundreds of posts in the internet saying that it is impossible to profit with bonus funds and some even say that forex bonuses can pose some kind of danger. However, the results shown by numerous traders let us see a slightly different picture. Brokers’ offers like “get bonus to earn your first deposit” turn out perfectly doable. What is your opinion on bonuses – is it harder to profit with bonus funds than with real ones?

- Actually, I tend to think of Forex bonuses as a positive thing. The problem that is mainly encountered by traders when trading with bonus funds is making very risky decisions that often lead to an increased number of unsuccessful trades. If to regard bonus funds as your own then promotions aka “get bonus and earn your first deposit” are possible to fulfill.

What do you thing about contests? Is it only for novices or it can also be useful for professionals?

- Contests are not just an extra opportunity to earn money for your first deposit. From a professional perspective, such contests are a great aid for practicing various strategies because they set may limits (time, assets, etc.).

You won in the Futures Trade contest. Which instruments and strategy did you use?

- I traded futures RYH6 (EURJPY) and 6В (GBPUSD). I managed to “catch” the trend for RYH6 and get the highest profit for 6BH6 although the situation on the market was far from perfect.

In the last interview you mentioned that you were going to open a LAMM-account and try yourself as a manger. How did that go?

- Yes, actually I used my prize funds to open my LAMM account Krantas-GR. I earned $1000 and have already withdrawn the profit. Now I am going to try maintaining the high level of profitability and wait for the investors.

Tell us a little bit about yourself. How old are you, what’s your education, how long have you been trading and is trading your main source of income?

- I’m 39, I have higher education. On the market since 2009. For now it is more of a hobby, but my aim is to turn Forex trading into my main source of income.

What did you start with? Have your asset preferences changed since you started?

In 2008 I started investing in funds, but due to the 2009 crisis the money quickly vanished. I mainly trade currency pairs: eur/usd, gbp/usd, eur/jpy, gbp/jpy, usd/jpy. Regarding my trading strategy – I like to enter the market on corrections and catch pullbacks.

Could you tell us about the most successful/unsuccessful trade you’ve had?

- I’m afraid that I can’t tell you about the most successful/unsuccessful trade as I don’t really remember. What I clearly remember is May 2010, when GBPJPY crashed from 143,00 to 129,80 which is 1320!

What do you think is the most important thing in trading?

- I guess I won’t surprise anyone if I tell that the main success factor in trading is discipline. You shouldn’t forget about trading strategy and other aspects of course..

Which criteria do you follow when choosing your broker? Why did you choose Grand Capital?

- When I just started in 2009 I didn’t really have any criteria to estimate brokers. But now I look at the quality of service, trading conditions and client support. In Grand Capital I’m happy with everything.

What would you recommend to all the traders out there?

- I wish everyone successful trading, many victories and to believe in yourself!

"I'm glad that Grand Capital has won in this precise nomination. We always build trustful relationships with our partners that last for years and never stop looking for ways to make the program terms even better. For the past year all 5 partnership programs have undergone significant changes: the commission rates were increased, general conditions have improved, there were changes in how the commission is calculated, etc. I am very glad and proud to receive this sign of appreciation from the professional community"

The company was originaly nominated in three categories, two of which were dedicated to partnership:

• Best Forex Broker
• Best White Label solution provider
• Best Affiliate Program  

MENA Forex Expo in Dubai is an annual event which welcomes traders and financial companies from all over the world.

Now it will be much easier for Arabic speakers to use services offered by Grand Capital as all the website content is available in their native language. Company news, weekly newsletters and other information will also be available in Arabic.

Head of Marketing, Grand Capital:
«Grand Capital is rapidly expanding to new regions and we need to keep up with our client's needs. Arabic website version is our 7th language version apart from Portuguese, Polish, Chinese, Indonesian, English and Russian. Very soon new language versions will appear."

Speaking about Arabic: Grand Capital will participate in the 16th Mena Forex Expo that will take place in Dubai on 7-8th of April 2016. We invite our clients and partners to attend the event and personaly meet with head of GC LTD.

Yours truly,
Grand Capital team.

The interview with our newest Drag Trade winner is here!

Igor Kumurdzhi from Ukraine shares his success story which involves a risky trade which helped him to steal the victory from the race leaders and win $200. You will also find out about the difference between strategies for futures and currency pairs and the advantages that active contest participants gain.

Congratulations, Igor! We can see that you are no stranger to Grand Capital contests. Which ones do you like the most?

- That's true, I'm an active participant of Drag Trade, Rally Trade and Futures Trade. But I favour Drag Trade the most as I like trading currency pairs on short timeframes. Drag Trde only lasts for 1 hour and at the times when the trading is the most vivid. 

You have already taken the first place in one of our contests - Futures Trade. Do you use the same trading strategy for futures and currency pair trading? Or is it just pure luck?

First of all, this is trading in different timeframes, which really depends on the length of the contest. That is why if we talk about Futures Trade, we mean 30m - 4h timeframe. For Drag Trade 1m timeframe is more preferrable (not even 5m, althought preliminary prognosis is made for 30 min ahead).

Secondly, price forming for futures is less dynamic, but it is more unpredictable. It means that graphis analysis methods also differ. But still, I prefer currency pair, especially EURJPY, EURCAD, USDCAD.

During this round you placed 6 trades for EURUSD. You were buying with the frist 5, but the most profit was gained thanks to the last order to Sell. How did you determine that now is the right time to Sell with the highest volume? What was this decision based on?

I must confess that I was actually 20 minutes late for the 1hr contest. Lots of contestants were considerably ahead of me by that time. I anayzed the market for different pairs and timeframes as fast as I could and decided to go with EURCAD as it seemed the most dynamic to me.

Apart from that, right at that time on a minute chart it was quite clear that a reverse is about to take place. The next 5 trades were made in this direction. And the last one, the Sell order can really seem shocking for many so I will tell more about it:

Firstly, the first signs of the change were clear on the 1m Timeframe.

Secondly, based on my experience, right at this time (close to 5pm server time) there are often short-term changes in the direction of the price movements.

Thirdly, and this, i think was the breakthrough moment was my decision to "charge" the Sell order with the highest volume possible. I closed it once I outran the closest competitor and took the vicrory from him.

How many years have you been trading on financial markets? How did you become a trader?

About 5 years ago I became interested in trading on financial markets. I don't consider myseld a real trader yet, but I'm definately on my way there. Participation in contests like that is a major factor in my development.

Is trading your main source of income or it is just a hobby?

Trading is slowly becoming the main source of income for me. 

Which company's services do you also use? Why?

I don't participate anywhere except the contests. In the contests I hone my skills and train my will. And then I trade with the bonus funds on my real account.

Why did you choose Grand Capital as your broker? 

Frankly speaking, I like here a lot. Grand Capital offers attractive trading conditions, fast order execution and wide variety of services. But the main reason, of course, is the regular contests. 

What would you recommend to those who are just considering participating in the contest?

I would recomend to participate in the contests regularly, if possible. It is a great tool for training new strategies. All you need to win is to choose a suitable currency pair, implement good strategy and a strong desire to win!

I wish luck to all the traders our there!