boltushkin

Start from simple approach that comes from intuition. Buy low and sell high. Obviously to determine the price, i.e. the level traders try to think what other will think where the price will bounce. Basically this is how key levels form. On high timeframes, support and resistance levels work very good.

I think there is nothing unusual as any other industry some get out of business others jump in. However some firms offer excellent services and see rapid expansion that allows them to improve even better. This works like positive feedback loop. I think an example of such firm in fx industry is Hotforex.

There are many popular brokers and it's hard to single out the most popular because rating websites give biased picture and can be manipulated. Nevertheless I would suggest to look at Hotforex if you look for a broker with very high customer rating and positive testimonials.

Many traders don’t use proper trading strategy rather depend on gambling. Gambling can give short-term success. But long-term results may be inconsistent. So, try to develop a good profitable trading strategy through a demo trading account. Almost all brokers like Hotforex in the forex market offer it to their traders for free. Always start trading with demo account after that invest small money in real account.

Agree I noticed that when you accumulate enough experience some trades can be done by intuition and with decent accuracy, I think it explains the point why technical analysis is considered an art rather than the set of hard rules. You have to feel the market and refine your feeling using rules of thumbs aka technical analysis rules

These brokers are good but I would suggest to also have a look at Hotforex, they have FCA license and offer cheap access to many markets including bonds, crypto and indices. They also pay dividends on the stock you bought so there is a passive income option as well.

Yeah I also started from publicly available system and indicators, this helped me to learn basics principles of algo trading while their drawbacks pointed me the right direction where I should put more efforts for research. I also use Hotforex autochartist system to find promising technical analysis patterns.

Yeah I would also advice beginners to start from higher timeframes because technical pattens are more reliable there and infrequent trades protects naturally from scalping which can easily turn into gambling and

Trade volumes are falling as Binance and other crypto exchange data shows so I suggest you have to hurry up if you don't want to join selling trend in its late stages!

Anybody knows how to get high leverage under their FCA UK branch? Or only 1:30 is available and you can't exceed that limit?

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.

Agree, that's why I would strongly recommend to prefer FCA regulated brokers as they are forced to play fair or otherwise they will lose access to key markets, so there is a strong incentive to adhere to the rules. One good example of such broker is Hotforex.

Is it possible to try this EA on Hotforex MT5? Or is it merely a signal service?

The biggest advantage is unlimited trading opportunities and great flexibility. However this leads to severe competition which I try to deal with using knowledge I got from Hotforex webinars.

yes you can try to profit from price swings trading crypto with Hotforex they offer contracts for difference with nice spreads and no exchange-related systemic risk.

I would advise you to be as careful as possible with this strategy, because it is not for nothing that many companies banned it. However you can try this strategy with Hotforex according to they claims they allow any trading strategy.

Choose a broker according to our trading style, if the scalping technique should choose one that supports it, because there are some brokers who have restrictions on the technique, for example, Hotforex

I also like to trade on majors pairs because they have good volatility especially GBPUSD, its move has been more erratic recently after release of the fiscal plan.

Agree it took me 3 months trading on live before I grasped importance of trading plan and careful risk management. I also learned many tips from Hotforex webinars.

I see that contest participants often make like 2000% return or more. Do you know guys what type of trading strategy they use?

Yes, market rewards you if you take risk and you earn consistently if you often more correct than market (collective opinion) about future events that may affect price.

Unfortunately forex brokers don't provide that information. I instead use Tick Volume at Hotforex as proxy of volume and volatility

Well without plan it will quickly turn into gambling, at least you have to limit risk and avoid overtrading which require "hard rules". Hotforex webinars greatly helped me in developing my own trading plan.

Yeah I see that some guys achieve decent results, hope they can repeat this impressive performance on live accounts.

I do scaping with Hotforex and it's perfectly ok, they allow scalping based strategies since they don't trade against you. Also scalping is the preferable trading style for them since it generates lots of commission (their profit)