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boltushkin
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Everything posted by boltushkin
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Introducing the world’s first trading and gaming partnership!
boltushkin replied to standart's topic in Advertisement
Where can I get archive of the webinars from this Analyst? Is it available on youtube. Had a chance to attend his lecture two years ago, was really impressed with the quality of explanations on difficult trading topics -
I think it only concerns US traders where traders are obligated to report about flow of their capital. I trade with Hotforex without tax hassle, my country even not yet adopted any law regulating forex so I enjoy profit not paying taxes at all.
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I used bonuses two times offered by my broker Hotforex, one of them was intended to increased my trading margin to unlock bigger positions for trading, without using own money, the second one was on deposit bonus which I managed to unlock after trading 100 lots..
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Fixed or floating spread account?
boltushkin replied to boltushkin's topic in Forex General Discussion
Lots of ECN and STp brokers have fixed spreads, it is a good alternative for high-volume traders, expecting stable low spread and bit of clearness in transactions costs. I trade both fixed and floating spreads account on Hotforex, applying different strategies to both of them. -
I also picked up some bonus (forgot its name) when registering Hotforex live account. There is some special conditions for its releas, but I don't focused on getting that money, it is enough that it serves some trading purpose for me.
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Concentrating is essential while developing trading strategy or preparing money management rules, because any fault may result in huge loss. Backtesting, especially results should be also carefully considerated before going live. I mentioned most important times where concentration is enormously needed.
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Had limited experience doing scalping?
boltushkin replied to uncle gober's topic in Forex General Discussion
Yeah same loyal conditions (maybe even better) I have with Hotforex broker. Scalping-friendly trading environment, wide range of EA accepted (custom-made as well), mindful support and fast withdrawals. -
Introducing the world’s first trading and gaming partnership!
boltushkin replied to standart's topic in Advertisement
Which accounts are accepted - demo or real ones? -
Fixed or floating spread account?
boltushkin replied to boltushkin's topic in Forex General Discussion
Yeah, Hotforex also have floating spread account, I traded on it for 9 month, but I heard that commission-based account is a next professional stage for forex traders. What do you think? -
Guys is it safe to try Hotforex autotrading account using signals from MQL 5? Is it safe and reliable if it will be paid signals from trader with nice profit curve? Please share your opinions..
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Yeah demo account is very important for tenderfoot. It will help him to learn basics and will assist him during development of his trading career. My first and current demo is Hotforex, I trade with them about 2 years and quite contented with the quality of services they offer
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Introducing the world’s first trading and gaming partnership!
boltushkin replied to standart's topic in Advertisement
Heard a lot about this training group they offer very popular trading courses, glad that I will be able to access their knowledge for free.. -
Fixed or floating spread account?
boltushkin replied to boltushkin's topic in Forex General Discussion
No.. Certainly it is just a good alternative for scalp traders, entering in periods of high volatility when market can expect liquidity probems and traders get widened spreads and slippage. Just imagine that during some crucial economic release you don't get annoying 5, 10, 20 pips or even requotes, but get stable fixed spread (maybe even at broker expense, but not sure ) -
Forex market is the largest market
boltushkin replied to smithlover84's topic in Forex General Discussion
In terms of daily volume - yes it's the biggest one. But it also most volatile and I would say crazy market, because it is so easy to lose there as well as gain. Never place an order relying on a luck it will surely let you down in future regardless that you won or lost. Only sound and well-considered trading plan can ensure your safe trading flow. Hotforex educational resources, especially their webinars https://www.hotforex.com/en/trading-tools/trading-webinars.html helped me to work out some key points of view on forex strategy and develop it, testing it on demo. -
Can other business man trade in Forex???
boltushkin replied to showrov1993's topic in Forex General Discussion
Yep that is a true. There is no possible solution to make profit on forex, but a trading plan. However if you deposited decent amount of money, then you can trade without trading plan, sticking to some raw money management rules. I know some guys who managed to consistenly earn doing that. Personally I use fundamental set of rules trading with Hotforex and quite happy that I got so favourable trading conditions there. -
What are you really selling or buying in the currency market?
boltushkin replied to Abdul's topic in Forex General Discussion
Well If you have a basic understanding of forex market then you can find that any currency pair for example EUR/USD has base currency (EUR) and quote currency (Dollar). Base currency can be called a good and quote currency - money which you give (when you buy the good) or take (when you sell the good). Know my explanation lacks clear and vivid examples, you can find better at my broker educational resources - https://www.hotforex.com/en/trading-tools/trading-webinars.html -
Just express your opinion - what would you like to trade with? I tend to think that Fixed one is better, especially when I see Hotforex fixed spreads, which are not affected by any market movement - just look it up and get suprised But what is your opinion on that matter?
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Introducing the world’s first trading and gaming partnership!
boltushkin replied to standart's topic in Advertisement
UPD: their new bonus is really cool. Applied for it through my wife account and thinking about to switching to it for some time, carry out some tests on it.. What I would like to point out that it lowers the risk you face when you are undercapitalized. It is okay that you can't withdraw it but actually I don't need that at all, it serves me different purpose. -
You will never be succesful on forex with dispersed attention and actions. It is a very complicated market that requires analysis of several factors like market behaviour, emotions, money management, etc. Reliability of broker also plays its important role that's why I opt for up-and-up broker Hotforex which inspires confidence in my trading and funds safety..
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Can you really trade without emotions..?.YES
boltushkin replied to showrov1993's topic in Forex General Discussion
Without emotions? I think its impossible to get rid of them, cuz its a main component of our personality. Of course if you trade to follow trading plan you can somehow cope with them, but I can say that other side of trading will be harmed as well. Thankfully my low spread broker Hotforex, allows me to save on trading costs and that's why I am still on balance and even sometimes make profit from this crazy market.. -
Introducing the world’s first trading and gaming partnership!
boltushkin replied to standart's topic in Advertisement
Can you tell me guys if its possible to apply for their super charged bonus opening new account on my name? Or it's prohibited? -
Lost 20 trades. Do you advice I quit trading?
boltushkin replied to flybiz08's topic in Forex Newbies
Probably you picked wrong broker, which places hidden charges or apply incorrect conditions to your trades. It is not likely from math standpoint to lose 20 trades in a row, because even odds was on your side. I suggest you to use mine broker Hotforex, I trade with them more than 2 years on real account and one year on demo, still trade with it. For me it is a perfect fusion of professional services and mindful client approach. Check it out yourself: http://www.hotforex.com/en/ -
One of main crucial mistake is cooperating with scam broker. Even if you are professional they can easily put your trading on hold or wind it up at all. That's why I use services of reliable forex broker - Hotforex, with segregated funds and flawless reputation in the internet.
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You can try autotrade Hotforex account and stream MQL 5 free or paid trading signals. I am using it with acknowledged forex signal provider "Zhao Asia" it is free of charge and consistently profitable for more than one year. You can find more information there: http://www.hotforex.com/ru/account-types/auto-account.html
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Yeah you are absolutely right, there is no educational limit in forex everyday you learn something new, undiscovered before, and try to apply it in your trading. Now I take myself in dipping through Hotforex tutorials - http://www.hotforex.com/en/trading-tools/forex-education.html comprehensive educational resourse where you can find all necessary and even more information about profitable trading strategies. Feel free to explore in when you have time...