boltushkin

Credibility is arguably the most important factor you have to consider before investing your money with any Forex broker. Best criteria is probably regulation and license and I usually focus on FCA regulated brokers like IB, HFM

I use beeks fx from HFM it's free since I meet volume requirements not without with the help of VPS since it reduces execution speed considerably

MT5 is best in my view, I use one from HFM, glad that I upgraded to it from MT4

Depends on risk, promised returns and reputation of investment firm. For example I invested more than 5K in HFM copytrading because I traded with them for a long time and trust them. Fund managers listed there offer reward with risk in reasonable proportion, like 20% max drawdown and monthly profit of 20-40%. Couldn't find similar offers anywhere else.

Any news when HFM will introduce no-deposit bonuses? Many of my friends want to try their platform risk free

It is still important price action could be useful when the times is right, sometimes i use it too even well same like you I use fundamental analysis with news from HFM economic calendar as my own main base to reap more profit. I see that major currency pair is easily to predict in most cases, like EURUSD or USDJPY, I seldom find it is hard to analyze the major pairs.

Base currency comes first, quote currency is the second, at least this is how it works in my HFM platform. Other brokers can make it different.

For beginners, demo trading accounts like from HFM, offer significant benefits, including risk-free practice and the opportunity to learn how the forex market operates without financial risk. They allow new traders to familiarize themselves with trading platforms, execute trades, and develop and test strategies using virtual funds. A

In trading, my inspiration comes from several sources, but a prominent influence has been watching about the disciplined and analytical approaches of successful traders in HFM webinars. Their ability to navigate market complexities with a combination of intuition, rigorous analysis, and strong risk management principles has been particularly motivating. Additionally, engaging with a community of traders and learning from both their successes and challenges has continually inspired me to refine my strategies and maintain a disciplined mindset.

BeeksFx is better in my view and one great thing about them that some brokers like HFM offer it free you meet their turnover requirements

I also noticed that their trading conditions improved, maybe they connected more liquidity providers or smth similar.

No deposit bonuses like from HFM are promotional offers from brokers that allow you to start trading without depositing your own money. They can provide an opportunity to test the broker’s platform and trading conditions with real funds. However, these bonuses often come with strict terms and conditions, such as high withdrawal requirements or limitations on trading strategies, so it's crucial to read the fine print before accepting such offers.

One of the biggest mistakes in forex trading is overleveraging, where traders use excessive leverage to amplify their position sizes beyond their capital limits. This increases the risk of significant losses, as even a small adverse market movement can wipe out a large portion of the account balance. Proper risk management and understanding the dangers of high leverage are crucial to avoid this common pitfall.

Hedging is not a direct substitute for a stop loss but can complement it. Sometimes it help me to reduce loss trading with HFM. While a stop loss aims to limit losses on a specific trade by automatically closing it at a predefined level, hedging involves taking an offsetting position to protect against adverse market movements. Hedging can reduce risk in certain scenarios, but it might also limit potential profits and add complexity to risk management.

The Relative Strength Index (RSI) in Forex is a momentum oscillator that measures the speed and change of price movements. It ranges from 0 to 100 and is typically used to identify overbought or oversold conditions in a currency pair. Values above 70 suggest the asset may be overbought, while values below 30 indicate it may be oversold, helping traders make decisions about potential trend reversals.