boltushkin

forex is a business that has many advantages. but forex risk so great that we need to work hard to be successful in fx trading. we have to work hard to do the analysis of trading so that we can benefit from forex. start of the demo account and then start trading with real account with little capital as $25 with Hotforex

I use raw spread account from Hotforex for scalping it has ideal trading conditions like zero spreads on majors during liquid sessions which removes much variability in transaction costs and make performance of high frequency scalping EAs more predictable. At least I could make this conclusion based on profits from my EA. 

Does this broker still offer no deposit bonus? 

I do not like to trade with large amounts, and for this reason I work with Hotforex brokers using 0.01-0.1 lot size. As for me, this is the best option for work as I feel indifferent to losses. 

Sometimes I feel I need to place emotional trades and try my luck. For example recently I made a bet on Hotforex using US500 instrument that S&P 500 index will suffer from major correction in the first half of 2021. 

You will see major upgrade in performance when you make your strategy automated and transfer it to VPS platform. My profits with Hotforex increased significantly after I made transition from home PC to virtual PC near their servers. 

Anybody knows can non-UK client claim this no-deposit bonus in GBP https://www.tickmill.com/promotions/welcome-account 

Your help is appreciated. 

That's why I set my choice on Hotforex low spreads are essential for my scalping strategy to remain profitable. I should say that many profitable trading solutions are broker sensitive that's why it is so important to pick the right broker. 

10 hours ago, jamante said:

5% for forex rating upon transfer, good lord, thats a lot, im already suffering from the 4% rate lol. but over all withdrawals never failed with hf anyway

That's why I'm turning to crypto and webmoney options to withdraw profit. Cheaper and less hassle, really weird changes on Skrill 

You always make emotional decision when you close spread manually. Hence there is a risk that you don't follow a trading plan and your trading becomes undisciplined. That's why make sure you always set stop loss in your trades and don't move it too much.

I managed to withdraw my profit to BTC wallet it works pretty fast and it's definitely cheaper than, for example Skrill, which is going to raise fees to 5%.

On 12/6/2020 at 11:57 AM, Fedra Bianchi said:

  Knowledge and Broker are both important in forex trading. The trader must have proper knowledge about the market and trading in order to succeed in the forex market. However, without a good broker, it is hard to succeed even you have the proper knowledge. The broker is a kind of boost to your trading success. I recommend Eurotrader as I am trading with the broker for 3 years.

I totally agree with you. However starting point of my research was the question how brokers operate, execute orders and calculate spreads. I thought that these details could give me better understanding how I can beat the market. Hotforex webinars provided me a lot of help in this topic. 

On 11/13/2020 at 9:43 AM, jamante said:

yeah and they do offer btc transfers as well. thats a good step for the future, crypto is gaining popularity recently

yes I tried to withdraw and it worked perfectly well. I think I'm going to move completely to using bitcoin as online wallet. 

Position size is very important in risk management. The position size of trade refers to the amount of base currency you want to trade. In FX, position size is often expressed in lots, and one standard lot refers to 100,000 units in the base currency. For example, trading one lot of GBP/USD is equivalent to trading 100,000-pound worth 1 USD. 

On 8/31/2020 at 12:04 PM, Doghma said:

The most important thing is that you do not need to be afraid and panic, then everything can really work out.

yes emotions really hamper trading progress and the easiest way to bring yourself to this condition is to use high leverage which is disproportional to your trading capital. Significant loss (like 50%) in one trade is a heavy blow and many traders start to lose control after that. 

On 10/10/2020 at 12:48 AM, gds221 said:

I consider this a kind of commission, because the amount of spread among brokers is different.

Yes spread is a kind of transaction fee you pay to market maker for liquidity (ability to open and close positions very quickly). I have very low spreads at Hotforex guess they use several liquidity providers which compete between each other to offer better conditions. 

On 11/4/2020 at 12:05 PM, otk said:

Can we trade Bitcoin with this broker?

Yes they support BTCUSD and other crypto pairs? have you opened an account with them? 

On 10/26/2020 at 2:13 PM, Laidar said:

You can call it whatever you like, but the essence remains correct, that is, certain earnings of the broker.

broker earns only markup and commission. Spreads (bid-ask difference is charged by market makers) it's their tool to control flow of sell and buy orders (to some extent).

I prefer to earn capital for live account via risk-free option available at Hotforex - it is demo to real contest. Despite competition it is quite possible to win the prize. 

The movie is great but I doubt he could go much further as execution and quality of historical data of this broker is awful. He'd have more chances to get profit trying some other reliable broker like Hotforex

On 10/9/2020 at 2:04 PM, jamante said:

tbh there is not much to complaint about, trading is going good, though got side tracked lately due to everything thats been going on, but its good to have a couple of extra pips to spare in these dire times. speaking of hotforex nothing out of the ordinary, like they do continue to do really good and i have been trading with them for years. 

Yeah, stable source of income independent from economic shocks is praiseworthy achievement. Doubt you could replicate this with some other brokers which tend to pull the rug when something goes south. 

I use this indicator with Hotforex I think correct installation and proper use (monitoring results, making necessary adjustments) will solve many problems.  It's definitely not set-and-forget solution. 

On 10/2/2020 at 12:57 PM, jamante said:

saw the review page, pretty much alright, and hotforex is a good broker anyway for years now

Nice do you still trade with this broker? how is your progress so far? 

The best motivation is to set some non-materialistic goals like to be more knowledgeable or educated or to get done some intellectual challenges which show you are apt to find solutions for complicated tasks. This is goal I got from Hotforex webinars and which help me to distract from money and goals related to returns. As soon as you start to ignore them, they come!

Right, that's why I chose Hotforex broker, because it offers variety of account trading types as well as plenty of withdrawal options. In my view broker flexibility can be a source of trading opportunities as well.