boltushkin

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.

Is it possible to deposit via Skrill and withdraw on crypto? Have you tried that and is it allowed by rules?

To get rid of emotions. Emotional trading skews perception of risks and slowly paint you in a corner. You should not trade out of desire to get positive emotions from profit, because often in this state a trader tends to cut profits short and attempt to outlast periods of deep drawdowns.

Ease of access should not be confused with easing of making profit there. Price prediction is not an easy thing it took 4 years for me to build robust profitable system for currency trading, not without the help of Hotforex education materials.

Its also a good idea because you are diversifying your investments to ensure that you gains in on asset cancel the loss in the other. This is the underlying idea of diversification. I would probably go for lower risk investments myself that's why I do swing trading with Hotforex I don't like to spend much time behind trading terminal but instead focus on developing algorithms for my new trading systems.

choosing a broker has always been not an easy task, since many platforms simply do not work for their trader, if you have not yet found the same broker, then I advise you to try Hotforex, a great option with the best conditions on the market

Hope they will reduce spreads on crypto because OTC crypto trading is awesome, basically don't need to bother about exchange blow out and transaction costs

I try to not exceed 1:100 leverage with Hotforex, however it's tempting to use more because then I will be able to increase returns. But since it comes with risk which is harder to manage than making profit I decided to avoid using to go with lower leverage.

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 Hotforex in the vast ocean of offers.

The size of leverage doesn't affect spreads or vice versa however it may cause slippage since the larger notional value of an asset you want to buy or sell, the less are chances that your trade will be executed at the requested price in full. However I rarely exceed the volume of 1 lot in my trading with Hotforex so slippage remains a minor issue for me.

Demo accounts are free everywhere thanks to competition between brokers but it is very important to make sure that trading conditions on demo are not different from live account in order to expect same results on live from the trading systems tested on demo.

Nah they hold such contests regularly what I like about them is that existing accounts can connect and all trading styles are allowed.