boltushkin

Absolutely, focusing on higher time frames can provide new traders with more reliable and clearer signals, as they are less susceptible to market noise and fluctuations compared to shorter time frames. Additionally, trading on higher time frames with HFM allows traders to avoid the pitfalls of frequent trading and excessive transaction costs associated with scalping. By adopting a more patient and strategic approach, new traders can better analyze trends and make informed trading decisions, which can lead to more consistent and profitable outcomes in the long run.

Guys please help I can't choose between HFM's MT4 or MT5, what are their both pros and cons?

Selecting a broker is a critical decision for traders. Factors to consider include the broker's regulatory compliance, reputation, trading platform reliability and features, available markets and instruments, transaction costs and fees, customer support quality, and security measures for fund protection. Additionally, it's essential to assess the broker's trading conditions, such as spreads, leverage, and execution speed, to ensure they align with your trading strategy and preferences.

I typically consider factors such as regulation and compliance with relevant authorities, the broker's reputation and reliability, trading platform features and usability, available assets and markets, transaction costs and fees, customer support quality and responsiveness, as well as the broker's approach to security and fund protection. This is how I chose my current broker HFM. Additionally, I also evaluate factors like trading conditions, including spreads, leverage, and execution speed, to ensure they align with their trading strategy and preferences.

which domain are you talking about? hfeu.com?

Beginners benefit from demo trading accounts as they provide a risk-free environment to practice trading strategies, familiarize themselves with trading platforms, and gain hands-on experience in executing trades. Demo accounts allow beginners to learn the basics of technical and fundamental analysis, test different trading styles, and develop confidence in their abilities without risking real money.

Ticktrader is great but still it is less efficient than MT4 in executing orders. You can compare speed and see the difference. that's why I stick to MT4 and also experiment with MT5 on HFM others platforms are less reliable for high frequency trading

To use Forex indicators with HotForex, log in to your trading account, access the platform (such as MT4 or MT5), and open the chart of your desired currency pair. Then, locate the indicator menu, add your chosen indicators to the chart, and adjust their settings as needed. Finally, interpret the signals generated by the indicators to inform your trading decisions and execute trades accordingly.

In a risk-on environment, characterized by optimism and confidence in the economy, traders tend to favor higher-yielding currencies like the Australian dollar or the New Zealand dollar, while selling safe-haven currencies such as the US dollar and Japanese yen. Conversely, in a risk-off environment, marked by uncertainty and fear, traders typically seek refuge in safe-haven currencies, leading to increased demand for assets like the US dollar, Japanese yen, or Swiss franc, while selling off riskier currencies.

5-10% of my total wealth. I consider it as a hobby trading with HFM

Given the current market conditions and my analysis indicating positive price trends and potential for growth, I would consider buying Bitcoin (BTC) as a trader. However, I would do so cautiously, ensuring that my decision aligns with my risk management strategy and investment objectives. For speculations I prefer to use Hotforex crypto CFDs instead of exchanges

I utilize a combination of technical and fundamental analysis to make informed trading decisions. Technical analysis helps me identify trends, patterns, and key levels in price charts, which informs my entry and exit points. Fundamental analysis, on the other hand, allows me to assess the broader economic and geopolitical factors that may impact currency movements, such as interest rates, economic data releases, and geopolitical events. By integrating both approaches, I aim to develop a comprehensive understanding of the market and increase the probability of successful trades.

One of my preferred stop-loss techniques is using a percentage-based approach, using automated tool available in Hotforex, where I set a stop-loss level at a predetermined percentage below the entry price. This helps me limit potential losses while allowing room for market fluctuations. Additionally, I often combine this with technical analysis indicators such as support and resistance levels to ensure my stop-loss is placed at a strategic point within the market structure.

I stopped trading binary options as soon as my broker, HFM decided to stop offering them. This was a clear signal that something is not right about them, so I continued trading CFDs

I selected my broker HFM based on several key factors such as regulation, reputation, trading platform quality, fees and commissions, available assets, customer support, and reliability of execution. Conducting thorough research and comparing different brokers based on these criteria helped me find the one that best suited my trading needs and preferences.