boltushkin

Selecting the right broker like HFM is crucial for successful trading. Consider factors such as regulation, reputation, trading platform, fees, spreads, customer support, and available trading instruments. Look for a broker that is regulated by reputable authorities, has a user-friendly platform with essential tools for analysis, offers competitive spreads and low fees, and provides reliable customer support. Additionally, ensure the broker offers the trading instruments you are interested in and aligns with your trading goals and preferences. Conduct thorough research and compare multiple brokers before making a decision.

To find the most profitable Expert Advisor (EA), start by researching and comparing EAs based on independent reviews and performance records. Test potential EAs on a demo account to evaluate their performance under real market conditions. Additionally, ensure the EA fits your trading style and has robust risk management features. Or as alternative service you can connect to copytrading services like HFM FxStat and expect passive income

Forex is a risky business. If you have no proper knowledge about forex then there's less chance of earning money from the forex market. The first and most important thing before start trading is to gain proper knowledge about forex. I always try to gain more knowledge. My broker HFM helps me a lot. They are very helpful. They never make disappointment to their client. They are really one of the best brokers I have ever worked.

What do you mean? Is HFM blocked in your country or something else?

Many traders start with a small portion of their overall portfolio, gradually increasing their investment as they gain experience and confidence in their trading strategy. Always prioritize risk management and never invest more than you're comfortable losing.

Using a fixed stop loss and considering previous day's highs and lows are sound risk management practices in forex trading. Integrating risk tolerance into your trading plan is essential for maintaining discipline and consistency. By adhering to predetermined risk parameters, you can better control losses and improve your overall trading performance.

In forex trading, a gap occurs when there is a significant difference between the closing price of one candlestick and the opening price of the next candlestick. I rarely experience gaps trading with HFM, probably because I stay away from trading when market is too volatile. Traders often look for opportunities to trade gaps by entering positions in the direction of the gap, anticipating a continuation or a fill of the gap. However, it's essential to consider factors like market context, volatility, and risk management when trading gaps.

Yeah, I consider it better alternative to swing trading because it's fast-pacing nature of scalping allows you to get more practice in a shorter period of time. Intuition in chart reading comes from practice and experience hence this style of trading is preferable

You should try some of them especially which are build on different trading approaches and identify which looks the most interesting and promising for you. Then you start to experiment, adding or removing features. This is how I create proprietary trading advisor on top of an EA which was posted on forums but had mediocre results.

Technical analysis is often perceived as simpler than fundamental analysis due to its focus on historical price data and chart patterns, which can be more straightforward to interpret for some traders. Technical analysis relies on mathematical indicators and visual patterns, making it easier to apply consistent methodologies across different markets and timeframes. Also technical analysis tends to provide clear entry and exit signals, which can simplify decision-making for traders.

what about their raw spread of fixed spread type of accounts? Do you have any experience with them?

Have you had the chance to explore BeeksFX? They specialize in VPS for trading and are recognized as industry leaders. I'm pleased to share that my broker, Hotforex, offers it for free if certain trading requirements are met. Seems like a fair deal to me.

Next move should be bullish as well. I expect the Fed to make a dovish surprise, currently too much delay in the easing cycle is priced in.

Absolutely, focusing on higher time frames can provide new traders with more reliable and clearer signals, as they are less susceptible to market noise and fluctuations compared to shorter time frames. Additionally, trading on higher time frames with HFM allows traders to avoid the pitfalls of frequent trading and excessive transaction costs associated with scalping. By adopting a more patient and strategic approach, new traders can better analyze trends and make informed trading decisions, which can lead to more consistent and profitable outcomes in the long run.

Guys please help I can't choose between HFM's MT4 or MT5, what are their both pros and cons?

Selecting a broker is a critical decision for traders. Factors to consider include the broker's regulatory compliance, reputation, trading platform reliability and features, available markets and instruments, transaction costs and fees, customer support quality, and security measures for fund protection. Additionally, it's essential to assess the broker's trading conditions, such as spreads, leverage, and execution speed, to ensure they align with your trading strategy and preferences.

I typically consider factors such as regulation and compliance with relevant authorities, the broker's reputation and reliability, trading platform features and usability, available assets and markets, transaction costs and fees, customer support quality and responsiveness, as well as the broker's approach to security and fund protection. This is how I chose my current broker HFM. Additionally, I also evaluate factors like trading conditions, including spreads, leverage, and execution speed, to ensure they align with their trading strategy and preferences.

which domain are you talking about? hfeu.com?

Beginners benefit from demo trading accounts as they provide a risk-free environment to practice trading strategies, familiarize themselves with trading platforms, and gain hands-on experience in executing trades. Demo accounts allow beginners to learn the basics of technical and fundamental analysis, test different trading styles, and develop confidence in their abilities without risking real money.

Ticktrader is great but still it is less efficient than MT4 in executing orders. You can compare speed and see the difference. that's why I stick to MT4 and also experiment with MT5 on HFM others platforms are less reliable for high frequency trading

To use Forex indicators with HotForex, log in to your trading account, access the platform (such as MT4 or MT5), and open the chart of your desired currency pair. Then, locate the indicator menu, add your chosen indicators to the chart, and adjust their settings as needed. Finally, interpret the signals generated by the indicators to inform your trading decisions and execute trades accordingly.

In a risk-on environment, characterized by optimism and confidence in the economy, traders tend to favor higher-yielding currencies like the Australian dollar or the New Zealand dollar, while selling safe-haven currencies such as the US dollar and Japanese yen. Conversely, in a risk-off environment, marked by uncertainty and fear, traders typically seek refuge in safe-haven currencies, leading to increased demand for assets like the US dollar, Japanese yen, or Swiss franc, while selling off riskier currencies.

5-10% of my total wealth. I consider it as a hobby trading with HFM

Given the current market conditions and my analysis indicating positive price trends and potential for growth, I would consider buying Bitcoin (BTC) as a trader. However, I would do so cautiously, ensuring that my decision aligns with my risk management strategy and investment objectives. For speculations I prefer to use Hotforex crypto CFDs instead of exchanges

I utilize a combination of technical and fundamental analysis to make informed trading decisions. Technical analysis helps me identify trends, patterns, and key levels in price charts, which informs my entry and exit points. Fundamental analysis, on the other hand, allows me to assess the broader economic and geopolitical factors that may impact currency movements, such as interest rates, economic data releases, and geopolitical events. By integrating both approaches, I aim to develop a comprehensive understanding of the market and increase the probability of successful trades.