boltushkin

16 hours ago, bigxy said:

Its all about trading preferences, most traders still prefer trading manual however some get their profitable strategies coded in to EA and go automated like high frequency trading algorithms etc.

I combine manual trading—focusing on medium-term trades based on fundamental analysis where speed isn’t critical—with automated trading, which is ideal for news-driven and scalping strategies. For the latter, I use HFM's fixed spread account to minimize the impact of spread widening on trade outcomes.

15 hours ago, bigxy said:

Yeah seems might be scary however traders take benefits of the markets when there are usually uncertainity and FUD in my opinion.

Yes, it reminds me of poker, where the goal is to craft a narrative that leads your opponent to believe a certain story, only to capitalize on their false assumptions and the decisions they make based on those beliefs.

On 1/16/2025 at 10:28 PM, bigxy said:

Good to hear someone prospers while sticking with the rules or else this market does not spare traders' mistakes.

Yeah sticking to the trading plan is the most important rule in trading. When you break it everything slowly gets out of control as trading mistakes tend to accumulate if you don't control yourself. 

On 1/8/2025 at 6:34 PM, bigxy said:

Bitcoin prices surpasses over all time high and now seems it started correction, let see where the price goes now and may it gives another rally upwards.

100K handle looks like a foothold which would be extremely difficult to secure in the medium-term. We haven't seen meaningful correction after market reached 100K I guess the time will come for 25% correction or more before market can consider reaching new highs. 

On 10/28/2024 at 8:47 PM, bigxy said:

Brokers are actually the trading partners in other words since they provide us with the necessary technology needed to initiate trading and making money off course.

Yeah and we have to choose our partners carefully, paying attention to regulation i.e. licenses they possess, withdrawal and top-up options and probably most important to execution quality because it impacts profits profoundly. After thorough research I set my choice on HFM

On 1/7/2025 at 8:06 PM, bigxy said:

I believe you can go according to your risk appetite and do not take more risks which you cannot afford to lose. The leverage can be adjusted later so first i guess start with the lowest one and increase through the passage of time.

Yeah I also started from 1:500 with HFM and gradually reduced it to 1:50 since my account balance grew and I could use more my own margin instead of borrowings. Another advantage of reduced risk is decreased costs from swaps because you borrow less. 

Well, instead of giving my money to some shady unknown bucketshops I would rather choose to have business with trusted trading venues like HFM, because they passed test by time maintaining same  high quality of trading services despite expanding trading community which trades with them. 

I think robot is good for trading if you want to stay long in the market. For scalping you have to find your trading edge. By then you have to pick which trading technique is best for you. Consistent with say for scalping you should be solid mentally. Scalping is for master individuals. Be that as it may, lamentably tenderfoot trade love it progressively and washed away their account. I like scalping to an uncommon degree well. So I do it. Tight spreads and quick execution with brokers like HFM are basic for scalping. 

On 9/18/2024 at 5:49 PM, bigxy said:

I usually prefer manual trading however there are still many profitable EAs in the market but most of them are built following the technical analysis so they can double the trouble if you are not a coder since they do require monitoring during the volatile markets.

Manual trading gives you full control, while EAs can feel like "set it and forget it" — but it's rarely that simple. Most EAs are based on technical indicators, and if market conditions change (like during high volatility), they can make poor decisions if left unchecked. That’s why even with a profitable EA, I regularly monitor my positions at HFM.  It’s also true that if you’re not a coder, tweaking an EA can be tricky. 

On 1/22/2024 at 1:02 AM, radex78 said:

Trading skills are very important in achieving profits in forex trading, and this can be achieved by learning to trade continuously by learning from mistakes and never giving up. We can take advantage of broker facilities such as FXOpen to hone our trading skills by conducting trading trials either on a real account or a demo account. Of course, learning to trade on a real account will give us more real results and we can see skill performance

Great suggestion! Is it the only broker that you tried? What about HFM or other similar reputable brokers?

On 11/6/2024 at 9:40 PM, bigxy said:

Brokers like hfm offers leverage of up to 1:1000 on their micro accounts and 1:400 on regular accounts. New traders however being unaware of the market conditions should keep the leverage low in start because high leverage can also claim higher damages too.

What leverage did you choose trading with this broker? Struggling to determine which is best for me

On 9/9/2020 at 4:35 PM, gds221 said:

In my opinion, making money online is now quite real. I myself have been in this industry for a long time, and so far I am quite satisfied with the results.

Yes, there are many opportunities, especially related to trading in the currency markets. Brokers like HFM offer very affordable and well-tuned access to financial markets. You can even start with a demo account without risking anything, and there is also an opportunity to earn if you participate in their demo tournament.

I think it is incorrect to talk about the single biggest mistake in trading; usually, losses are caused by a chain of wrong decisions or actions that do not seem particularly critical. Starting from an inadequate level of working capital and ending with the wrong choice of timeframe for analysis. However, probably the quickest way to wipe out an account is by using high leverage and trading without a stop-loss.

I would rather choose safety over excessive profits and continue to trade currency CFDs with HFM, so sorry

On 9/20/2024 at 7:51 PM, Giftforme said:

I wonder if allwebhost.com is the best place to buy a Forex VPS account from? 

Have you considered beeksfx? Some brokers like HFM provide them for free if you are active trader with moderate volume and meet their volume turnover requirement. Seems a pretty fair deal for me.

It has retreated a lot after Trump was re-elected and now I think there is a great opportunity to buy 

On 11/4/2024 at 9:15 PM, bigxy said:

Most of the reputed brokers like hfm, octa, xm, exness, lmfx etc offers mt4 and mt5 trading platforms since these platforms are user friendly and easy to navigate. 

Which are you favorite ones among those that you mentioned? Like HFM or LMFX which are best in you view?

On 10/28/2024 at 8:45 PM, bigxy said:

I see brokers are contributing toward traders' education by providing quality webinars which can be accessed online in case you missed them.   

Yeah one of the useful in my view is offered by HFM they cover many aspects including trading mindset, risk management, algorithmic trading, etc. 

Gold has finally pulled back to $2,500 per troy ounce. This is a good technical level where buyers are likely to appear, at least for a short time, potentially driving the price up by $50–$100. So I think good time to buy with HFM

When choosing a broker, I prioritize regulation to ensure my funds are secure and trading is fair. I also value a user-friendly trading platform with necessary analytical tools and competitive spreads and fees to minimize costs. My experience with HFM has shown that responsive customer support is crucial for resolving issues quickly.

On 11/4/2024 at 9:12 PM, bigxy said:

Trading only backfire when we prone to high risks and does not know what we are doing. This usually happens to the new traders who join this marketplace and treat the trading business as gambling.

Yeah that's why I keep my leverage with HFM low, at 1:50, and prefer slow but steady gains over large and fast ones. This approach helps to promote discipline and avoid large swings in equity which is often seen as bad indicator of trading performance. 

On 6/7/2023 at 1:49 AM, radex78 said:

Bonus from a broker usually has certain rules and not all beginners easily can fulfill all rules to be eligible to withdraw a profit bonus, when beginners are interested to take a bonus with no deposit even in big numbers, better check and make sure the term and conditions are easy.

HFM used to offer no-deposit bonuses, though I’m not sure about the current situation. However, there’s little point in getting accustomed to no-deposit bonuses; if there’s no sense of loss, there’s a high risk that irresponsible trading will become ingrained, which could backfire later when trading with your own funds.

On 6/27/2024 at 6:52 PM, Giftforme said:

Are they the best - Forex VPS UK?

Check also BeeksFX, they are located at LD4, basically where most brokers place their servers. Brokers like HFM offer it for free if you trade actively

On 9/15/2024 at 2:41 PM, bigxy said:

When we start forex trading, it is better not to go for the returns rather we need to focus on building our skills that could lead us make some healthier returns in future.

Yes, better to focus on improving your system rather than money, this is the greatest tip I learned from HFM webinars. 

On 10/4/2024 at 2:00 PM, bigxy said:

It's really hard recommending brokers these days since there are many new brokers joining the industry while many also winding up at the same time. It will be good if we take some time researching few handful of reputed brokers to further finalize the right broker. In my opinion, brokers like hfm, xm, exness, lmfx etc can be a few to shortlist while looking for a reputed broker. 

Yeah lots of bucketshops and I see that your experience with trusted brokers may be useful for others. You mentioned great brokers actually I trade with them too.