boltushkin

I also noticed that their trading conditions improved, maybe they connected more liquidity providers or smth similar.

No deposit bonuses like from HFM are promotional offers from brokers that allow you to start trading without depositing your own money. They can provide an opportunity to test the broker’s platform and trading conditions with real funds. However, these bonuses often come with strict terms and conditions, such as high withdrawal requirements or limitations on trading strategies, so it's crucial to read the fine print before accepting such offers.

One of the biggest mistakes in forex trading is overleveraging, where traders use excessive leverage to amplify their position sizes beyond their capital limits. This increases the risk of significant losses, as even a small adverse market movement can wipe out a large portion of the account balance. Proper risk management and understanding the dangers of high leverage are crucial to avoid this common pitfall.

Hedging is not a direct substitute for a stop loss but can complement it. Sometimes it help me to reduce loss trading with HFM. While a stop loss aims to limit losses on a specific trade by automatically closing it at a predefined level, hedging involves taking an offsetting position to protect against adverse market movements. Hedging can reduce risk in certain scenarios, but it might also limit potential profits and add complexity to risk management.

The Relative Strength Index (RSI) in Forex is a momentum oscillator that measures the speed and change of price movements. It ranges from 0 to 100 and is typically used to identify overbought or oversold conditions in a currency pair. Values above 70 suggest the asset may be overbought, while values below 30 indicate it may be oversold, helping traders make decisions about potential trend reversals.

One of the best MetaTrader EAs for forex trading, in my view, is the Forex Fury. I use it with HFM. It has a solid track record, is user-friendly, and supports multiple currency pairs. Additionally, it offers advanced settings for risk management and customization to suit different trading strategies.

Achieving decent return per month in trading, like 30%, is possible but highly challenging and risky. Such high returns typically involve significant leverage and exposure to volatile markets, which can lead to substantial losses. Consistent long-term success at this rate is rare, and it's crucial to prioritize risk management and realistic expectations to sustain profitable trading over time.

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 HFM in the vast ocean of offers.

MetaTrader 4 is an excellent trading platform for forex, offering both manual trading and scripting for automated trading through expert advisors (EAs). Its flexibility allows traders to customize and adjust parameters based on market conditions, but it's crucial to have a solid understanding of the market and the ability to fine-tune EAs to achieve consistent profitability.

I used no-deposit bonus from HFM when it was available but now they left only credit bonuses which is very useful for news trading. I guess they removed their options because of abuse by dishonest traders.

I would vote for BeeksFx because it is very fast and tailored for FX also I get it free by promotion from HFM that's why consider it a top choice

When choosing a broker, I prioritize regulation to ensure my funds are secure and trading is fair. I also value a user-friendly trading platform with necessary analytical tools and competitive spreads and fees to minimize costs. My experience with HFM has shown that responsive customer support is crucial for resolving issues quickly.

When selecting a broker, consider factors such as regulation to ensure the safety of your funds, trading platform usability for efficient trading, and competitive spreads and fees to minimize costs. Additionally, responsive customer support can provide assistance when needed, and a diverse selection of trading instruments caters to various trading preferences.

A scalper is a trader who aims to profit from small price movements by executing a large number of trades within a short period, typically holding positions for only a few seconds to minutes. Scalpers rely on high-speed execution and tight spreads to capitalize on small price fluctuations, aiming to accumulate profits over numerous trades throughout the trading session.

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?