boltushkin

On 2/12/2023 at 10:10 PM, Katie_90 said:

How much do you invest in trading ?

Many traders start with a small portion of their overall portfolio, gradually increasing their investment as they gain experience and confidence in their trading strategy. Always prioritize risk management and never invest more than you're comfortable losing.

On 5/7/2024 at 1:26 AM, radex78 said:

I usually choose to use a fixed stop loss because it is easier to manage trading risk, apart from paying attention to yesterday's high and low, I also pay attention to risk tolerance in a trading plan.

Using a fixed stop loss and considering previous day's highs and lows are sound risk management practices in forex trading. Integrating risk tolerance into your trading plan is essential for maintaining discipline and consistency. By adhering to predetermined risk parameters, you can better control losses and improve your overall trading performance.

In forex trading, a gap occurs when there is a significant difference between the closing price of one candlestick and the opening price of the next candlestick. I rarely experience gaps trading with HFM, probably because I stay away from trading when market is too volatile. Traders often look for opportunities to trade gaps by entering positions in the direction of the gap, anticipating a continuation or a fill of the gap. However, it's essential to consider factors like market context, volatility, and risk management when trading gaps.

18 hours ago, radex78 said:

Scalping trading is very interesting as a trading challenge by utilizing low time frames in high market volatility, potential profits can be achieved more quickly by choosing the best time and an appropriate trading plan.

Yeah, I consider it better alternative to swing trading because it's fast-pacing nature of scalping allows you to get more practice in a shorter period of time. Intuition in chart reading comes from practice and experience hence this style of trading is preferable

You should try some of them especially which are build on different trading approaches and identify which looks the most interesting and promising for you. Then you start to experiment, adding or removing features. This is how I create proprietary trading advisor on top of an EA which was posted on forums but had mediocre results. 

Technical analysis is often perceived as simpler than fundamental analysis due to its focus on historical price data and chart patterns, which can be more straightforward to interpret for some traders. Technical analysis relies on mathematical indicators and visual patterns, making it easier to apply consistent methodologies across different markets and timeframes. Also technical analysis tends to provide clear entry and exit signals, which can simplify decision-making for traders. 

On 3/27/2024 at 4:57 PM, jamante said:

im only using a standard premium account which works fine for me, depending on your plan and trading style and what u want to achieve really. better try a basic comparison of accounts and check what would work with your trading style the most. 

what about their raw spread of fixed spread type of accounts? Do you have any experience with them?

Have you had the chance to explore BeeksFX? They specialize in VPS for trading and are recognized as industry leaders. I'm pleased to share that my broker, Hotforex, offers it for free if certain trading requirements are met. Seems like a fair deal to me.

Next move should be bullish as well. I expect the Fed to make a dovish surprise, currently too much delay in the easing cycle is priced in.

On 4/5/2024 at 2:12 AM, bigxy said:

New traders should also look higher time frames for making their trade decisions instead of trying to scalp markets because they will only loose money during getting in and out on shorter time frames.

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.

On 4/1/2024 at 11:18 PM, bigxy said:

I have checked and can access this domain without any restrictions or issues. Its working fine so far.

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.

8 hours ago, radex78 said:

I trade using FXOpen broker with MT4 and Ticktrader right now, usually, I use only the indicator that I need to attach to the chart, and still combine analysis-based price action and candlestick pattern, and not forget to read important update news on the calendar economy

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

On 10/12/2023 at 12:35 AM, radex78 said:

Indicators is like tool box to help traders make an analysis market, before using indicator we need to understand these indicator, what is indicator, how it work, how to use them, function features, etc, so traders can use indicator and benefits from it, and understand types indicator also important whether indicator including lagging indicator or leading indicator.

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.

On 2/29/2024 at 8:49 PM, RodriJames12 said:

How does risk-on-risk-off (RORO) influence forex trading decisions?

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.

On 2/12/2023 at 10:10 PM, Katie_90 said:

How much do you invest in trading ?

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

On 2/27/2024 at 6:19 PM, Jason said:

What is the differences between technical analysis and fundamental analysis? How to decide which approach to use?

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.

On 7/19/2023 at 1:54 PM, jamante said:

thats a possibility, haha but over all the branding is a marketing move, and a positive one at that, makes it easier to remember. 

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