boltushkin

On 2/19/2019 at 9:25 AM, earnmaster said:

Some inside data like volume, open interest, PE ratios helps in a big way to determine probability of any trade. 

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

On 3/18/2022 at 5:34 PM, Vaabum said:

Planning in trading is a rather open question. You need to understand that the market is always in dynamics and planning something is quite difficult.

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.

On 9/1/2022 at 11:36 AM, jamante said:

its possible i dont think its unspoken off, especially with smaller accounts. havent joined though but good luck to all joiners

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)

I think martingale is good strategy if you decide in advance where you will stop. I used it many times with Hotforex and managed to get good returns. 

Anybody tried VWAP indicator for FX? Wanna try it with Hotforex but still haven't figured out how to use it. 

Despite the fact that the forex market has existed for a long time, it has been gaining more popularity only in recent years, especially in connection with the pandemic which forced people to work remotely and look for online income opportunities. This is how I started to trade with Hotforex. 

On 8/14/2022 at 4:55 PM, Vaabum said:

Do not forget that some companies do not approve of scalping. This is also important to remember so as not to lose your account.

Why? My broker Hotforex places no restrictions on scalping traders, in contrast it welcomes high frequency trades because they generate more commissions 

What do you think about their demo contest? I see really huge gains like 10000% are they legit? Basically how do traders who participate to this contest earn those massive returns? Any ideas? 

Btw, got 10th place in last demo contest got some money from them.

Yes if you want to get improvements in order filling and reduce the number of slippaged trades you should definitely use VPS. I use free Beeksfx from Hotforex.

I like ECN brokers like Hotforex because they can offer lower transaction costs thanks to liquidity aggregation.

I like to trade on Fridays because often major market movements occur before weekend close, you just need to identify proper catalyst.

Hotforex will soon introduce futures, it is similar to forward agreements except for standardized contract specifications. I heard that they offer higher returns as their price is more volatile. 

The best platform in my view is MT5 from Hotforex, two years of flawless experience convinced me I have to stop looking for other options since it's a waste of time. 

On 5/18/2022 at 9:48 PM, Vaabum said:

For me, trading is just a profitable and convenient way to earn money. At least, with the right approach, it can really have a good result.

I expect to make moderate returns I don't dream about getting rich or making a fortune from FX because I know that huge profits will almost probably come with increased risk. 

As for me, this is the right approach. To have more experience, the trader really should try working with several companies. For example, I worked with many brokers, but now I trade with Hotforex and consider it the best

Definitely, it magnifies losses as well as profits. In the end it all comes down to risk management - there are ways to use leverage recklessly, and there are ways to use it in a smart way.

If you can't control emotions in trading most likely you will fail because markets don't forgive mistakes if you learned the lesson wrong, you have to pay for it. 

Well, yeah it doesn't matter which trading style you adhere to, what eventually matters is. the ability of your system to generate profits. That's why when I choose PAMM managers to invest at Hotforex I pay attention to their management of risk rather than trading style. 

Of course because using VPS you can reduce latency and hence improve execution quality especially during the times of high volatility. I use beeksfx from Hotforex and quite satisfied with the quality. 

You should definitely try several brokers to be able to make comparisons as it is unlikely that you will find a perfect broker that suits your needs from the first try. I tried three brokers before deciding to stick with Hotforex.

On 6/1/2022 at 8:03 PM, bigxy said:

So far they are only accepting crypto as payment deposit and withdrawal method which is quite efficient, easier and quicker like skrill etc.

Is it possible to deposit via Skrill and withdraw on crypto? Have you tried that and is it allowed by rules? 

To get rid of emotions.  Emotional trading skews perception of risks and slowly paint you in a corner. You should not trade out of desire to get positive emotions from profit, because often in this state a trader tends to cut profits short and attempt to outlast periods of deep drawdowns. 

On 5/16/2022 at 11:30 PM, Vaabum said:

Forex is indeed a very large and accessible market for many. I think, with the right approach, this is quite an interesting option.

Ease of access should not be confused with easing of making profit there. Price prediction is not an easy thing it took 4 years for me to build robust profitable system for currency trading, not without the help of Hotforex education materials. 

Its also a good idea because you are diversifying your investments to ensure that you gains in on asset cancel the loss in the other. This is the underlying idea of diversification. I would probably go for lower risk investments myself that's why I do swing trading with Hotforex I don't like to spend much time behind trading terminal but instead focus on developing algorithms for my new trading systems.