boltushkin

choosing a broker has always been not an easy task, since many platforms simply do not work for their trader, if you have not yet found the same broker, then I advise you to try Hotforex, a great option with the best conditions on the market

Hope they will reduce spreads on crypto because OTC crypto trading is awesome, basically don't need to bother about exchange blow out and transaction costs

I try to not exceed 1:100 leverage with Hotforex, however it's tempting to use more because then I will be able to increase returns. But since it comes with risk which is harder to manage than making profit I decided to avoid using to go with lower leverage.

Key factors are live spreads, execution speed and license. Also you can check if support is ready to help you and knows what you do because it will help you in the future when problems arise. Basically this is how I found and selected Hotforex in the vast ocean of offers.

The size of leverage doesn't affect spreads or vice versa however it may cause slippage since the larger notional value of an asset you want to buy or sell, the less are chances that your trade will be executed at the requested price in full. However I rarely exceed the volume of 1 lot in my trading with Hotforex so slippage remains a minor issue for me.

Demo accounts are free everywhere thanks to competition between brokers but it is very important to make sure that trading conditions on demo are not different from live account in order to expect same results on live from the trading systems tested on demo.

Nah they hold such contests regularly what I like about them is that existing accounts can connect and all trading styles are allowed.

I believe that you can achieve quite good results yourself. At least when I started working on the demo account of Hotforex, this opportunity allowed me to gain knowledge myself without anybody's help.

Yes indeed as trader also need to built up better psychology trading to become successful trader, and trading forex remain risky and not always as trader able making profit in trading so very difficult to making profit without loss, and in daily trading we will trying to making best analysis to making profit but also using stop loss to manage the risk. I use autochartist free software available at my Hotforex platofrm tools to speed up and simplify technical analysis.

I use MT4 and MT5 for Hotforex they are free and in my view have all necessary features for trading.

One of the best long-term trades is carry trades, pick a pair that has some nice interest rate differentials, wait for the opportunity and enter into the direction that has positive swap. I used to trade with this strategy on Hotforex using USDRUB until recent events waiting for this opportunity to be available again.

It's about currency and asset prices predictions as well as picking correct time and risk (i.e. right lot size) to achieve best risk-reward per trade and in total.

Is it also available for demo accounts? should I deposit something or the entry is free? The contest looks really interesting and based on my demo account gains I think it is worth to try.

In my view one of the reasons why traders lose is wrong perception how difficult is trading. Some newbies think that they are lucky and will be able to make money fast but unfortunately this is the way straight to deposit wipe out. I trade very slowly and carefully with Hotforex, increasing lot size and setting stop loss strictly according to my trading plan.

Proper risk management means you pick right combination of lot size and stop loss (in pips), adjusting your profit target and risk to current volatility, for long-term trades with Hotforex I do it every time manually, for short-term trading systems you can set simpler rule like risking no more than 0.01% of equity per trade and also choose fixed number of pips for stop loss or take profit.

I agree, without proper learning, you set yourself up for failure. Apart from this, if you think you have sufficient knowledge but you are still not doing well, also look into trading psychology - sometimes it's our emotions that derail progress, and that shouldn't be ignored, either.

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 15th place in the demo contest held last month, expect to improve my results in March.

Lack of education leads to trading mistakes which turn quickly into wipeout of your trading capital. That's why I spend a lot of time watching youtube webinars including Hotforex daily digest to improve level of my trading knowledge everyday and stay on edge.

It can be a very profitable occupation if you are looking for a more free, unlimited by any boundaries type of job. However, be wary of brokers that are scam and do your research about scam companies before depositing your hard-earned money. I would suggest looking at FCA regulated brokers like Hotforex

Emotions in the process of work play a really important role and can affect both positively and negatively. Here it is already worth analyzing how much the trader is highly susceptible to emotions. I follow money management and risk management plan with Hotforex to avoid losses.

Price action is a very powerful tool but it requites well trained eye, i.e. you have to watch for different trading setups and memorize them and the more patterns you learned the higher the accuracy will be

I tried many work options, but the fastest earnings I got with the broker Hotforex. As it turned out, for work this is a pretty simple and convenient option with which you can make good money.

Yes, it’s very important for us to be careful with how we manage the losses, as if we are not careful it could be highly risky. I am very much careful with these things, and I find it useful with Hotforex broker and their superb 100% Credit Bonus, which really makes trading easier

You can use forex to gamble basically the randomness of financial markets is close to the one which exists in casino, that's why too few people make money off trading.

A good mentor can help you for your trading but for that you need to have a good mentor, to find mentor is the problem. The market has many fraud and fake people who are going to take your money in seconds.