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pradegxs

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Everything posted by pradegxs

  1. Not only due to psychology but also because of higher transaction costs and slower execution. They may have decent impact on your trading especially if you are a scalper.
  2. I trade mostly on Gold, it's been known for it's wild swings, I set 1:20 leverage on my Hotforex platform and feel fine even with big drawdowns. That money that they printed and poured into economy, I think its a massive inflationary move and you know gold is a hedge so it's a kind of long-term bet on Gold hitting 2K
  3. A lot of money can be made on Hotforex platform if it is done according to proper plan and discipline. I have been able to become a profitable trader by trading for a long time. Patience is required when trading. If there is no patience, it will be very complicated to make a profit.
  4. I keep my leverage fixed at Hotforex 1:50 and instead choose risk using lot size.
  5. Forex can be very time efficient, that's true - except in the beginning as it can take quite a bit of time to learn everything and practice, plus you have to take some time every once in a while to evaluate your profitability and make sure everything is as good as it can be. But the more experience and the more capital you have, the less time you need to spend on trading. I spent 2-3 hours in trading at Hotforex while when I was started I could spent all day studying charts and testing different indicators.
  6. Yes I use this opportunity in full cuz I trade with reliable broker Hotforex which doesn't create difficulties or trading barriers that force you to take unnecessary risks. Broker should be your partner, not an enemy
  7. They offer crypto pairs for trading too, I scalp BTCUSD often and make good gains.
  8. Yeah, except spreads and execution speed and unfortunately their impact on trading is huge so real impact so it can yield unpredictable results.
  9. It is common because markets move up and down and its hard to predict the direction everytime that's why we have losses. It is important though to learn how to minimise their impact on trading and the best way to do that is to use stop loss.
  10. It's unlikely that good broker can be found from the first attempt. You should understand by trying different platforms what it is important for your trading strategy - low spreads or abundance of servers which give you improvements in execution speed without using VPS, etc. For example flexibility of Hotforex in terms of account types helped me to find new ideas for my trading systems.
  11. Well right mix of indicators can give you tradeable signals but most probably their ratio will be near 50% as indicators reflect lagging price action doubt that they can identify trend or momentum. However I often use combination of RSI and MA trading at Hotforex.
  12. I try avoid volatility in trading and trade only those pairs that move in trends more often than in range. I use Hotforex autochartist software to identify the onset of trends with my favourite pattern - head and shoulders.
  13. Which coin are you talking about? For crypto check binance or fx brokers like Hotforex they offer crypto pairs for trading.
  14. Forex doesn’t require any extra certificate for trading in this retail market place. Different professionals are doing this profitable business. It is the easiest and simple online business in the world. You can do Forex trading as part term or full term. I am doing Forex trading as a part term investor. My trading medium is Hotforex and I chose them due to get various and interesting facilities. Their wide range of deposit bonus helps me to earn extra money easily.
  15. think that before entering the market, you need to study all the information about the market, trading, brokers. It was hard for me as newbie to choose the right broker. I searched a lot of sites in order to find something good. I also spent a lot of time looking for a broker and accidentally found this site Hotforex, which has a whole bunch of different companies listed. It's pretty convenient and can give you some insights.
  16. Are you planning to make any contest for IBs? I would readily participate!
  17. Have anybody tried last NFP with Hotforex? What slippage did you get?
  18. It is possible to trade with a small deposit. But trading experience and research is needed. If you start trading and think of profit, you will not be able to make a profit. You have to think positively. Every time you have to learn from the loss, for example I made about 200 losses trading with Hotforex before my trading moved into green zone. If a new trader joins trading, he must always give up emotion and survive in trading.
  19. Yeah success in trading definitely correlates with time spent in trying different approaches as there is no universal guide to creating best trading strategy, everything is done here via trials and errors
  20. Agree that's why I trade at Hotforex because I high-frequency trading systems require reliable platforms and I don't mind paying slightly higher price if I even extra ms in trade execution speed!
  21. It is possible to trade with a small deposit. But trading experience and research is needed. If you start trading and think of profit, you will not be able to make a profit. You have to think about trading in terms of maximising some parameters of your trading system while minimising others. Every time you have to learn from the loss. If a new trader joins trading, he must always give up emotion and survive in trading.
  22. I think that before entering the market, you need to study all the information about the market, trading, brokers. It was hard for me as newbie to choose the right broker. I searched a lot of sites in order to find smth good. I also spent a lot of time looking for a broker and accidentally found Hotforex, which I've been using for years and haven't had a single serious issue
  23. Yeah I used demo Hotforex to account to test my trading system and determine what is the best risk for profit targets I set to keep my risk/reward ratio positive
  24. I hold long position on Gold at Hotforex, hope correction in equity markets will push it higher as safe heavens should trade at premium right now.
  25. It's highly doubtful that their accuracy will exceed 50%, not because they are free but because selling winning signals doesn't make sense.

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