sendong Posted March 29, 2020 Report Share Posted March 29, 2020 thats a good way to put it. lol it is a trend in sports or esports and forex companies are just following the trend. lol Link to comment Share on other sites More sharing options...
tradesprint Posted March 30, 2020 Report Share Posted March 30, 2020 Anyways how is the trades going on.. i see many of us are doing shorts only since the market is affected due to the new corona virus lockdown. Link to comment Share on other sites More sharing options...
pradegxs Posted April 1, 2020 Report Share Posted April 1, 2020 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 Link to comment Share on other sites More sharing options...
tradesprint Posted April 3, 2020 Report Share Posted April 3, 2020 Gold and USD are considered to be safe heavens in my opinion however trading is really risky so we should be very careful while trading and deciding which asset to choose for trading. Link to comment Share on other sites More sharing options...
HFM Posted April 10, 2020 Report Share Posted April 10, 2020 HotForex donates to WHO Covid-19 Response Fund. Dear Client, In line with our commitment to social responsibility, we have made a generous donation to the World Health Organization to help in its fight against the Covid-19 pandemic. HotForex CEO George Koumantaris said: “HotForex has a deep-rooted sense of responsibility that it should help those less fortunate and actively lend assistance at every appropriate opportunity to do so. We are proud to be able to make a donation to the WHO at this time of crisis and do our part to help such a worthy organization.” As we informed you previously, we would like to assure all of you that we have successfully taken all of the necessary steps in order to ensure a 100% business continuity and no disruptions whatsoever to our services. Please continue to trade responsibly and stay safe. Kind regards, The HotForex Team Link to comment Share on other sites More sharing options...
sendong Posted April 10, 2020 Report Share Posted April 10, 2020 I hope every one is doing okay, we need more of these good gestures now a days. Link to comment Share on other sites More sharing options...
pradegxs Posted April 29, 2020 Report Share Posted April 29, 2020 Anybody knows what's the average time for BTC withdrawal? And what about fees? It's my first try, don't want to lose on fees. Link to comment Share on other sites More sharing options...
HFM Posted April 30, 2020 Report Share Posted April 30, 2020 Date : 30th April 2020. Gold Analysis – 30 April 2020 XAUUSD, H1 • World Gold Council reports 80% year-on-year rise in first-quarter investment demand (MarketWatch) • Yamana Gold (NYSE: AUY) declares $0.015625/share quarterly dividend, a 25% increase from the prior dividend of $0.0125. (Seeking alpha) • The Federal Reserve is committed to using its full range of tools to support the US economy in this challenging time, thereby promoting its maximum employment and price stability goals. (FED Statement) • To support the flow of credit to households and businesses, the Federal Reserve will continue to purchase Treasury securities and agency residential and commercial mortgage-backed securities in the amounts needed to support smooth market functioning, thereby fostering effective transmission of monetary policy to broader financial conditions. (FED Statement) Step by step governments and central banks need to think about their plan for after the pandemic is over, or is at least under control enough for economies to begin restarting. Reviewing the policies and monetary policies relating to gold, there is one simple and important signal to focus on; the replacing of cash flow into the market. One of the best ways the FED has been accomplishing this is by purchasing physical Gold to support the Bonds and other kinds of assets which have been sold in the past months. As we saw in the FED statement, the doors are open to purchasing more. Alternatively, we need either strong economic growth, which is not likely in the short term, as the main chains are broken and it will take time to replace and repair them, , or, more simply, to replace them with assets such as Gold, even if the “Gold Standard” lost its reputation years ago. On the other hand, trust needs time and it is going to be hard to bring the investors back into the market quickly, so safe havens are still needed. Therefore, for the long term, Gold could still stay bid, as demand is growing. Gold Technical Analysis Technical indicators mostly support the side movement, with bullish interest. RSI is flat at 56, OBV trend line is flat too, while Parabolic SAR dots are under the Candles and supporting the bulls. The yellow metal is in a bullish trend, and has $1719 and $1736 to break to confirm its way towards $1800. On the flip side, $1693 and $1684 are the next support levels. Pivot point: 1709.07 Resistance levels: 1724.41 / 1732.95 Support levels: 1700.55 / 1685.20 Today, the expected trading range is between 1685.20 support and 1732.95 resistance. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Ahura Chalki Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission. Link to comment Share on other sites More sharing options...
HFM Posted May 1, 2020 Report Share Posted May 1, 2020 Date : 1st May 2020. FX Update – May 1 – Mixed USD AUDUSD, H1 The commodity currencies have come under pressure after US President Trump soured the mood in equity markets, raising his accusations against China about the coronavirus outbreak, threatening new tariffs while, according to an unnamed source connected to the White House cited by Bloomberg, considering blocking a government fund — the Thrift Savings Plan (which is the federal government’s retirement savings fund — from investing in Chinese equities. Sources cited by Reuters said that a range of options against China were being discussed, but considerations were at an early stage. The S&P 500 closed on Wall Street yesterday with a 0.9% decline, which capped out the best month the index has seen since 1987 as shares rebounded from the deep declines that were seen in March. Trading in S&P 500 futures has seen losses accelerate, racking up declines of over 2% so far in the overnight session. Trading conditions have been thinned by the absence of Singapore, China and Hong Kong, which are closed today for Labour Day holidays, and with many European countries also taking the day off. Final PMI survey data out of Japan and Australia reaffirmed the dismal economic picture due to the lockdowns. The biggest mover out of the main currencies has been the Australian dollar, which dropped nearly 1% in posting a three-day low at 0.6446 against the US dollar. The Kiwi dollar also came under pressure, while USDCAD lifted by over 0.6% in printing a three-day high at 1.4027, despite oil prices rising to a two-week high. Elsewhere, EURUSD has been rooting in the mid 1.09s, holding below yesterday’s 16-day at 1.0937. USDJPY has been holding a narrow range in the lower 107.0s. Sterling has come under pressure, giving back gains seen yesterday. The UK currency has been correlating with global equity market direction, similar to a commodity currency, over the last couple of months. The Swiss franc also remains in demand with USDCHF moving down to 0.9630 from 0.9750 yesterday. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Stuart Cowell Head Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission. Link to comment Share on other sites More sharing options...
HFM Posted May 4, 2020 Report Share Posted May 4, 2020 Date : 4th May 2020. Events to Look Out for This Week. Welcome to our weekly agenda, our briefing of all the key financial events globally. The week ahead will include the RBA & BOE rate announcements, Service PMI’s and topped by Non-Farm Payrolls on Friday and what has been the case for many weeks now, underpinned on how deep the mark will be on the global economy from the COVID-19 crisis. Monday – 04 May 2020 Final Manufacturing PMI (EUR, GMT 07:00) – The initial reading was a dismal record breaking 33.6. Will the final revision offer any hope of a floor for EU manufacturing? Tuesday – 05 May 2020 Interest Rate Decision & Statement (RBA, GMT 04:30) – The RBA meet and are unlikely to move rates below historic lows at 0.25%. A poll by Reuters of 23 economists expects the RBA to leave policy unchanged on all fronts i.e. cash rate and bond purchases with 22 also expecting no more rate changes until the end of 2021. German Constitutional Court Ruling & EU Economic Forecasts (Both Tentative) The German Federal Constitutional Court is due to announce a ruling regarding the constitutionality of the ECB’s Asset Purchase Programme. The EU will also announce economic forecasts for all 27 EU member states. ISM Non-Manufacturing PMI (USD GMT 14:00) – Last month’s reading of this key indicator was another weak, but much better than expected 52.5 (vs 43.5). Today’s reading is likely to plumb new recent lows at 41 versus an all-time low of 37.6 in November of 2008. Employment Change & Unemployment Rate (NZD GMT 22:45) – Quarterly jobs data from NZ will be the first big data release and impact of the virus. New Zealand has had a relatively low-level virus impact compared to many countries with an extensive test, trace & track regime, a rapid lock-down and a low death rates. Wednesday – 06 May 2020 Markit Services PMI (EUR, GMT 07:00) – As with manufacturing the services and composite numbers are expected to make woeful reading expectations range between 13 and 11. ADP Employment Change (USD, GMT 12:15) – Lasts month’s record -27,000 will be dwarfed by a contraction of over 20 million as the weekly new unemployment claims have been capturing over the last few weeks. Thursday – 07 May 2020 Trade Balance (AUD, GMT 01:30) – The Australian Trade balance is seen as taking a hit with a rise to 6.8 million AUD, the export /import mix could be severely disrupted. Interest Rate Decision & Press Conference (GBP, GMT 11:00 & 11:30) – The BOE officials have already taken substantial steps in the quest to safeguard markets and liquidity provisions as economies face deep recessions this year. No changes expected in rates or outlook or voting expected. New Governor Bailey has had a tough baptism and with the UK still in the grips of virus lockdown his options remain limited. Jobless Claims (USD, GMT 12:30)– US initial jobless claims dropped last week but still exceed the 3.5 million expected at 3.789 million. Today the numbers could be under 2 million and if the drop in initial weekly claims continues, this could suggest that the worst might be over, and that the fiscal policy measures are having some mitigating effects on job losses. Friday – 08 May 2020 Non-Farm Payrolls (USD, GMT 12:30) – The April NFP plunge is likely to be in the order of of over -20 million following the record fall in March of -700,00 as the full data is collated. The weekly unemployment reports have documented a huge hits to factories and service industries from mandatory closures, on top of the demand hit initially associated with the pandemic. A record day is expected. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Stuart Cowell Head Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission. Link to comment Share on other sites More sharing options...
HFM Posted May 5, 2020 Report Share Posted May 5, 2020 10 years anniversary – Earn extra returns on your investment! Dear Client, We are celebrating our 10th anniversary by offering YOU generous withdrawable rewards every month from a total prize pool of $2,000,000! From now until the end of 2020, join the Return on Free Margin (ROFM) promotion and earn extra returns on your investment, credited directly to your account to trade or withdraw! Start earning extra returns today!. Terms and Conditions apply Thank you for your loyalty, The HotForex Team Link to comment Share on other sites More sharing options...
pradegxs Posted May 8, 2020 Report Share Posted May 8, 2020 Is it available for existing Hotforex traders? What about max rewards per person? Link to comment Share on other sites More sharing options...
pradegxs Posted May 23, 2020 Report Share Posted May 23, 2020 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 Link to comment Share on other sites More sharing options...
sendong Posted May 29, 2020 Report Share Posted May 29, 2020 the prize pool grows with each year, and they went over the top with it this year. cheers. Link to comment Share on other sites More sharing options...
pradegxs Posted June 3, 2020 Report Share Posted June 3, 2020 On 5/29/2020 at 1:57 PM, sendong said: the prize pool grows with each year, and they went over the top with it this year. cheers. How can we participate to this contest? Can we use EAs for trading? Link to comment Share on other sites More sharing options...
pradegxs Posted June 7, 2020 Report Share Posted June 7, 2020 How can I open currenex account with Hotforex? Are there special conditions for new traders? Link to comment Share on other sites More sharing options...
pradegxs Posted June 16, 2020 Report Share Posted June 16, 2020 Any updates about introduction of new crypto pairs? When are you going to add more instruments, I think it should be priority direction of development. Link to comment Share on other sites More sharing options...
tradesprint Posted June 26, 2020 Report Share Posted June 26, 2020 I guess for now only bitcoin is available for trading against USD or either with EUR. We can however use 4 cryptocurrencies like ETH, LTC, XRP etc to deposit and withdrawals. Looking forward to more to be announced by them in future. Link to comment Share on other sites More sharing options...
sendong Posted July 3, 2020 Report Share Posted July 3, 2020 you guys have experience withdrawing crypto and depositing, mind sharing ur process thank. Link to comment Share on other sites More sharing options...
pradegxs Posted July 5, 2020 Report Share Posted July 5, 2020 On 7/3/2020 at 12:23 PM, sendong said: you guys have experience withdrawing crypto and depositing, mind sharing ur process thank. yeah it is pretty easy and straightforward if you have bitcoin wallet but you have to pay fees anyway. But if you do value private then you may give it a try. Link to comment Share on other sites More sharing options...
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