boltushkin

I personally approach robots with caution and a little skepticism. Mostly because I believe you should learn to trade manually as well as some basic things about robots - I don't think they are a shortcut for learning, and they might need modification over time as market circumstances change.

I'm a scalper, and for me, the best condition to scalp is using a good broker that has tighter spreads with faster executions which is why I trade with Hotforex.

And the advantage of using Hotforex is that they offer some of the lowest commission costs and slippage.

On 12/24/2022 at 2:19 PM, nanamage said:

Be careful in choosing robots and brokers. SuntonFX makes all member margin calls at the same time. We recommend that if you want to be serious about forex trading, learn to trade manually instead of depending on robots.

That's why  I always tell beginners to start trading with trusted well-known brokers like Hotforex which are properly regulated. The risk of scam is 0 in this case. 

On 8/11/2022 at 2:19 PM, Harvey said:

The MT4, in my opinion, is suitable for beginner traders looking to trade with currency pairs since it is simple to use since the MT4's only focus is on currency pairs.

The MT5 is an advanced version of the MT4 that can also trade on stocks, commodities, and forex.

I migrated from Hotforex MT4 to MT5 and should say that it is worth to do. Lots of new features I really like charting tools and API to connect my python script. 

On 11/21/2022 at 10:21 AM, Katie_90 said:

How do you trade if you are beginner?

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. 

On 12/27/2019 at 11:23 AM, Adoragas said:

Now a lot of information about the departure of some companies. What do you think about this?

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.

On 12/2/2022 at 2:22 AM, Nona_3 said:

Which broker is popular now?

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.

On 6/4/2022 at 2:02 PM, Vaabum said:

It should be understood that experience is a rather important aspect for work. This should be given enough attention.

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

On 12/2/2022 at 3:41 PM, Ritesh.R said:

I have done several rounds of research before finding my suitable broker, and many traders have advised trading with ECN brokers such as Etoro, CMC, and FP Markets.

Their trading conditions are reliable, with a quick and responsive customer service team. Their trading conditions are suitable for both beginners and experienced traders.

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.

On 7/6/2020 at 4:45 PM, Juleenelya said:

you need to try to use what is already there, then with experience you will get what is best suited for you, or maybe you’ll get something

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. 

On 11/3/2022 at 6:52 PM, Dora Wi said:

Short timeframe trades can be good for practicing and understanding the technicalities of trading. Some caution should be used, though, when it comes to the idea of short-term gains. Scalping is not suitable for all beginners, as you need to place many trades over time to accumulate profits, and that can be difficult to manage.

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 

On 4/15/2022 at 10:43 PM, bigxy said:

Crypto is also getting hype these days however i am sticking to the fx for now and might see if i could spare some of my profits to build some crypto portfolio soon.

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. 

11 hours ago, Namu said:

Broker is a very important factor in forex. As a trader, you must choose the right broker, so that trading activities can run smoothly and comfortably. One more thing, does this FXOpen broker provide forex training and education facilities to traders?

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. 

On 8/24/2022 at 5:05 PM, FxBestTrader said:

Yetti Expert Advisor with free access

This is one of the new trading robots from the Simple Invest Group developers, which has already won several expert advisor tournaments, showing a +236% result with risky settings.

Yetti is an automated trading algorithm that is a collaboration of martingale and scalping. The Expert Advisor works on all available time frames and is multi currency. The Expert Advisor comes with a set of proven settings that the user can choose and download himself, without an initial immersion in the subtleties of trading.

The profitability of the algorithm depends on the settings you choose. The average return on the optimal set is 12-25% per month, on the conservative 5-15%, on the aggressive from 30 to 150% per month.

Features of the Yetti robot
• Convenient info panel with quick access to functional buttons;
• Use of Trailing Stop
• Dynamic order opening step
• Locking positions in automatic mode
• Many filters for entering and maintaining orders.

Yetti has built-in protection and position recalculation functions, which protects the adviser from a set of unnecessary orders and a failure of the main grid cycle during terminal reboots, VPS, a long communication absence between the VPS and the server, a ban on opening an order from the broker, and so on.

EA Yetti monitoring on myfxbook:

The project has formed a healthy community of people striving for financial freedom and 24/7 developer support.

Telegram: @mysimpleinvestments
Learn more about the Expert Advisor and how to buy the Yetti Expert Advisor on the developers' website: https://si-group.store/en

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. 

18 hours ago, sam_oi_2 said:

Can a teenager make money with cryptocurrencies?

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

21 hours ago, ParkChoi said:

I trade with FP Markets, an ASIC broker, and they provide all major currency pairs, including the US dollar (USD) as either the base or counter currency. The majors include pairs like GBP/USD, EUR/USD, and USD/JPY.

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. 

6 hours ago, radex78 said:

Demo account useful for backtesting but isn't good to learn how to control emotion because only using virtual money, practice in real account to build strong psychology gives more emotion pressure to practice. We can start with small bucks

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.