boltushkin

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. 

On 11/21/2011 at 4:25 AM, asiaforexmentor said:

A lot of people have this question in mind, what exactly is PRICE ACTION.

And why is PRICE ACTION KING IN FOREX?

To answer the above question, i start off with talking about indicators.

There are tons of indicators out there, be it forex or others. They work mostly the same way.

And there are new indicators coming out every other day.

Alot of traders when they first started trading forex, they have tons on indicators on their charts. Trying different combination of which works best for them. And at the end of the day, they get confused all over as one indicator may be telling you to go long, but the other is telling you to go short.

Which will result in you making bad decisions and end up blowing your account with a frustrated mind.

Why does it happen this way? Indicators are derived from the chart movements. Some indicators react faster, some slower.

However, as they are derived from the chart movements. They are 1 step slower than the chart. Which is in fact Price Action!

Price Action leads the indicators, and when price reverses it movement from short to long (example). The indicator which you are watching is one step too late. And by the time the indicator confirms it is going short, Price Action has taken the market to go Long.

This happens most of time, if not all of the time.

Therefore = ALL INDICATORS ARE LAGGING INDICATORS!

PRICE ACTION IS WHAT LEADS THE INDICATORS, IT IS KING IN FOREX!

By understanding Price action in forex trading, we are able to understand the ENTIRE PICTURE of the market.

WHY is the market moving up,

WHAT causes it to stop moving,

WHY is the market reversing

WHY is the market in consolidation

IT is like reading a book once you have mastered price action in forex. And the best thing is, It is not difficult!

It is even easier than you reading an indicator.

And when you mastered price action, with combination of our system. You will almost be able to pick absolutely MARVELLOUS TRADES all the time. CONFLUENCE is the King of the game. This is what equates to our high probablity trades with a high winning ratio.

To an Awesome Trading as Always,

Ezekiel Chew

www.asiaforexmentor.com

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.

Will I receive dividends if I buy stock CFDs at Hotforex?

I guess it's because of slippage and tight spreads. On my live account with Hotforex I get same spreads as on demo in average but sometimes there are spike in spreads which I try to avoid. 

In forex it will never be instant, so it is important for traders to be better and be able to get more leverage in getting the security and comfort of trading together with Hotforex

For me, the demo account of the Hotforex broker has become the most convenient option for training. As for me, this option allows you to get the necessary experience without any problems.

On 1/8/2021 at 8:54 PM, e_abrams said:

What advice would you give about how to minimize one's risk though?

Use tight stop loss and reduce leverage. I use 1:50 max with Hotforex and avoid trading during outbreaks of volatility as randomness of market moves increases considerably. 

On 2/14/2021 at 10:38 PM, Cairdarsy said:

in general, many factors affect profit, so pay attention not only to this

One of the most important and not so obvious are transaction costs. thankfully I use zero spread account at Hotforex and doesn't care about their impact on trading. 

On 8/6/2020 at 6:16 PM, gds221 said:

In my opinion, every trader needs certain advice in terms of work. At least for me, the most important thing was the demo mode at the beginning of my work. Worked with the Amarkets broker, everything is fine.

I also spend some time in Hotforex demo training, however being aware of risks of falling into demo traps i quickly moved to live account with small initial capital 

I had several periods of long and deep drawdowns however I held faith in myself and thanks to Hotforex webinars managed to overcome those tough periods and slowly recovered. 

I used MT4 extensively but recently have moved to Hotforex MT5 and should say that it was worthy upgrade. 

I'm also satisfied with trading conditions of my current broker Hotforex as low spreads allow me to run scalping bots in profit which are otherwise would give me a loss. 

It's great that you found suitable broker. Same can be said about me, I'm happy with Hotforex because my scalping strategy which is very sensitive to spreads started to work with them!

To be successful in trading you should trade with reliable FX broker like Hotforex because when you become profitable your trading system will likely exhibit more sensitive to trading conditions and this is the time when you understand whether the broker you trade with suits you or not. 

On 8/4/2021 at 5:31 AM, Lechosław Król said:

I never trade with other people's signals. Because I can't survive in trading until I build confidence in myself. As a trader, I have to maintain money management and risk management, and trade and develop a strategy.

I also tend to use only my own knowledge in trading because after all my goal is to become a trader, not investors or a person who seeks for passive hands-down income. This implies that you can only rely on yourself and nobody else. 

On 7/27/2021 at 7:59 PM, jamante said:

not sure if i can still do contests, i try to balance crypto trading and forex now a days, separate platforms of course

Do you trade crypto with Hotforex as well? how its going so far?

Thanks for you recommendation. By the way have you tried to trade at Hotforex, I'm looking for traders who could share their opinion about this broker and may be give some advice for a starter. 

I have often lost when trading forex but I am very rarely a winner or I continue to lose money. what should I do to succeed in forex trading? By the way yesterday I managed to make 200 USD trading simple price action system with Hotforex should I stick to it approach or consider it just a lucky strike?

I have completed the shift from MT4 and MT5 at Hotforex. And I have to say this transition brought many benefits as the new platform has improvements from execution to integration of important market data like news calendar. 

On 1/20/2021 at 8:46 PM, tomlite770 said:

Hello every one i am new i want to know how can i post in hyip or forex section 

I think you can post here and there without limitations. Looking forward to see some nice useful posts from you, especially related to FX or crypto trading. 

I strongly believe that I can find independent source of income from trading.  Currently trying my luck with Hotforex trying to scalp on majors and Gold. Many people have become millionaires by trading Forex, but they had patience and discipline in their trading.