boltushkin

I also like to trade on majors pairs because they have good volatility especially GBPUSD, its move has been more erratic recently after release of the fiscal plan.

Agree it took me 3 months trading on live before I grasped importance of trading plan and careful risk management. I also learned many tips from Hotforex webinars.

I see that contest participants often make like 2000% return or more. Do you know guys what type of trading strategy they use?

Yes, market rewards you if you take risk and you earn consistently if you often more correct than market (collective opinion) about future events that may affect price.

Unfortunately forex brokers don't provide that information. I instead use Tick Volume at Hotforex as proxy of volume and volatility

Well without plan it will quickly turn into gambling, at least you have to limit risk and avoid overtrading which require "hard rules". Hotforex webinars greatly helped me in developing my own trading plan.

Yeah I see that some guys achieve decent results, hope they can repeat this impressive performance on live accounts.

I do scaping with Hotforex and it's perfectly ok, they allow scalping based strategies since they don't trade against you. Also scalping is the preferable trading style for them since it generates lots of commission (their profit)

I think martingale is good strategy if you decide in advance where you will stop. I used it many times with Hotforex and managed to get good returns.

Anybody tried VWAP indicator for FX? Wanna try it with Hotforex but still haven't figured out how to use it.

Despite the fact that the forex market has existed for a long time, it has been gaining more popularity only in recent years, especially in connection with the pandemic which forced people to work remotely and look for online income opportunities. This is how I started to trade with Hotforex.

Why? My broker Hotforex places no restrictions on scalping traders, in contrast it welcomes high frequency trades because they generate more commissions

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 10th place in last demo contest got some money from them.

Yes if you want to get improvements in order filling and reduce the number of slippaged trades you should definitely use VPS. I use free Beeksfx from Hotforex.

I like ECN brokers like Hotforex because they can offer lower transaction costs thanks to liquidity aggregation.

I like to trade on Fridays because often major market movements occur before weekend close, you just need to identify proper catalyst.

Hotforex will soon introduce futures, it is similar to forward agreements except for standardized contract specifications. I heard that they offer higher returns as their price is more volatile.

The best platform in my view is MT5 from Hotforex, two years of flawless experience convinced me I have to stop looking for other options since it's a waste of time.

I expect to make moderate returns I don't dream about getting rich or making a fortune from FX because I know that huge profits will almost probably come with increased risk.

As for me, this is the right approach. To have more experience, the trader really should try working with several companies. For example, I worked with many brokers, but now I trade with Hotforex and consider it the best

Definitely, it magnifies losses as well as profits. In the end it all comes down to risk management - there are ways to use leverage recklessly, and there are ways to use it in a smart way.

If you can't control emotions in trading most likely you will fail because markets don't forgive mistakes if you learned the lesson wrong, you have to pay for it.

Well, yeah it doesn't matter which trading style you adhere to, what eventually matters is. the ability of your system to generate profits. That's why when I choose PAMM managers to invest at Hotforex I pay attention to their management of risk rather than trading style.

Of course because using VPS you can reduce latency and hence improve execution quality especially during the times of high volatility. I use beeksfx from Hotforex and quite satisfied with the quality.

You should definitely try several brokers to be able to make comparisons as it is unlikely that you will find a perfect broker that suits your needs from the first try. I tried three brokers before deciding to stick with Hotforex.