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boltushkin

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Everything posted by boltushkin

  1. 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
  2. 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.
  3. 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.
  4. 5-10% of my total wealth. I consider it as a hobby trading with HFM
  5. 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
  6. 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.
  7. 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.
  8. 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
  9. 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.
  10. I also noticed that their trading conditions improved, maybe they connected more liquidity providers or smth similar.
  11. Technical analysis involves analyzing past market data, such as price and volume, to identify patterns and trends that can help predict future price movements. It focuses on chart patterns, indicators, and statistical analysis to make trading decisions. On the other hand, fundamental analysis involves evaluating the intrinsic value of an asset by examining economic, financial, and qualitative factors that could influence its price. This includes factors like economic indicators, company financials, geopolitical events, and market sentiment.
  12. To effectively use forex indicators, select a few that align with your trading strategy and objectives, avoiding cluttering charts with unnecessary indicators. Understand the signals generated by each indicator and how they relate to market conditions, such as trend direction or momentum. Exercise patience and discipline, waiting for clear signals and confirming them with other aspects of technical analysis before executing trades.
  13. Utilizing a Forex Virtual Private Server (VPS) account can offer several benefits for traders, including enhanced stability, reduced latency, and increased security. By hosting trading platforms and expert advisors on a dedicated VPS, traders can ensure uninterrupted connectivity to the forex market, even in the event of internet disruptions or power outages. Additionally, VPS hosting can improve trade execution speeds by minimizing latency, which is crucial for high-frequency trading strategies. Overall, partnering with a reputable Forex VPS provider can provide traders with a reliable and efficient trading environment, ultimately contributing to improved trading performance and profitability.
  14. In my experience, beginners benefit from demo trading accounts, like from HFM, in several ways. Firstly, it provides a risk-free environment to practice trading strategies and familiarize oneself with the trading platform's features and functions. Secondly, it allows beginners to gain confidence in their trading abilities without the pressure of real financial risk. Lastly, demo accounts facilitate the development of discipline, patience, and emotional control, which are essential skills for successful trading in the live markets.
  15. Indeed, the forex market is highly dynamic and constantly changing due to various factors such as economic data releases, geopolitical events, central bank announcements, and shifts in investor sentiment. These changes can lead to fluctuations in currency prices, creating both opportunities and challenges for traders. Staying informed, adaptable, and disciplined is crucial for navigating the ever-changing landscape of the forex market effectively. I use MT5 calendar from HFM to stay up to date and avoid turbulent periods especially during news releases
  16. Micro accounts like from HFM offer several advantages for traders, including lower minimum deposit requirements, smaller position sizes, and the opportunity to practice trading with real money but limited risk. However, not all brokers offer swap-free options for micro accounts. Traders who require swap-free accounts due to religious or other reasons may need to inquire with their broker about the availability of such options for micro accounts.
  17. My standard lot size with Hotforex is 0.05 lot because I trade long-term so focus to profit from sizeable price swings like from 1.05 to 1.10 on EURUSD. Also I set wide stop loss and quite tolerable to volatility.
  18. Well mistakes should be avoided at all cost, but it does not mean that flawless trading is possible. Maybe this one tip could help you. To avoid mistakes in forex you must calculate how much risk that you could bear, also only execute a position if the trend is clear and the odds are in your favor. Never attempt any reckless step that may burn your account.
  19. I use Options for hedging my CFD contracts at Hotforex it becomes less risky while profit opportunities remain abundant
  20. Can you suggest which HFM account type is best? Collecting opinions to make informed decision, lol
  21. Demo accounts are quite useful. It is intended not just for instructional reasons but also for experienced traders who wish to test new trading strategies in real-time trading environments. I use demo and live account from Hotforex what I like about their demo is quality historical quotes which help to achieve better backtesting results
  22. It seems to me that it is much more profitable when a trader has enough experience to work on his own. When I worked with a broker from Hotforex, I paid a lot of attention to this.
  23. I decreased my leverage to 1:50 with Hotforex and planning to cut more because I see how my trading becomes more responsible, it resembles gambling less and less because I know I risk my own money.
  24. I have some money invested in Hotforex PAMMs, the goal was to build balanced portfolio with moderate risk and modest profit, however key focus is of course on proprietary trading.
  25. In my opinion, the best conditions for sclaping should include tight spreads and fast execution. Which is why I trade with Hotforex, where the spreads are tighter starting at 0.0 pips and the execution speed is less than 50 ms.
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