fxeconomist

Well, holding stocks you receive dividends and can control better your risks. But I prefer to trade CFD's its similar to stocks but they require less trading margin but yield more profits. I use Hotforex services for that.

Alright will try and let you know how it goes

Will be there any webinars at Hotforex with his participation? If he had experience at Wall Street I think it worth to spend a hour for education with him.

Yeah lets try to attend them all sure there will be a lot of interesting and intelligent stuff even for advanced traders like me. Last webinar confirmed these thoughts.

Yeah I'm also with Hotforex I got a message from them after turmoil saying they got out unaffected. That's is how wise risk management works!

What account with Hotforex do you have? How are their spreads on gold or you don't trade it?

I'd give 50 or even more percent of importance to money management. Many traders lose because of incorrect money management even if their analysis is correct. You may have 5 profitable trades and then take risk and lose everything for one trade even your trading analysis was in 80% correct. Just my two cents.

So the only confusion is with calculation? What about predictability of USD/RUB I mean it's very Oil dependent and Russian CB decisions too.

Yeah don't hesitate to ask any question about them if you have cuz I have more than 3 years experience with them :missy:

Hey could you provide feedback on Hotforex zero spread account. Really want to try it soon.

Are you talking about demo to real trading contest? Should I deposit 100$ to roll in or any demo accounts accepted?

Cutting loses? Well common sense suggest that you need more winning trades for that:) But at the bottom try to gain better grasp of money management and it's importance in trading. Don't gamble and don't bank on luck - because it s a dead end way in trading. If you still can't make a choice on trading platform I can suggest you to start on Optiontrade, I use this platform to hedge some Fx trades because of different risk/reward ratio there. Keep in mind that Binary Options is not Forex it just mirrors this market and similar to betting in other events like sport or others.

Trading out of the plan kills money management. Main rule in money management - you should stick to it. If you make even one trade out of that then it breaks the setup and it's hard to come back to normal trading. You can be clueless about trading strategy etc but able to manage bets effectively and you will be on the winning side. Easy as that.

How long have you been trading with Hotforex? Do they have issues&nuances rookie should know before joining them? Thanks in advance?

I've tried Tradestation and Ninjatrader too, but what I can certainly say that tradestation fees and Ninjatrader lack of good charting features put them one step behind the MT4 with it's obsolete design and unusual bugs. I'd recommend to stick with MT4 best platform I've tested so far.

look for busted alpari or excel markets traders. they certainly will help you

What are the advantages of tradestation over MT4? Even institutional traders trade with MT4 platforms. I think it all depends on the broker.

Good thread. Can you start off with a good example?

Yeah that's really crazy. Avoid such tutors easiest way to bust your account without getting a grain of experience or knowledge from it.

Try Hotforex. I trade them for years no issues so far. Though Fx is my hobby an I'm dealing with 4 digit numbers on my balance only, no signs of Dealing desk or withdrawal delays. I really like them.

Doesn't HF have office in Fillipines. Guess it gives nothing to average philippinese trader, as top up and withdrawal methods are all online. Don't even think HF will open office there in Russia because it's not a key market for them.

There are no reported cases about brokers suffered from Greek crisis (I mean abnormal market movements caused by Greek crisis). Don't know what's happened with FxPro receive payments from Hotforex without any delays:)

For stock trading you have to have significant amount of money to invest:) Stock market is not so volatile and the only strategy to profit is buy-n-hold. You'd better to try Fx to maximize profit and get rich quicker:)

Recently the interest sparked to emerging markets like Turkey or Russia, in connection with this I would like to hear any opinions on trading with USD/RUB or USD/TRY. Thankfully have these pairs on Hotforex with quite competitive spreads, but heard they may experience severe lack of liquidity sometimes. Is it true? Any information relevant to my inquiry is much appreciated.

Sure we can help you. For a start go there https://www.hotforex.com/ru/account-types/hotforex-demo-account.html and register demo account. There you can try to trade absolutely free, test basic trading strategies which come in mind, test someone's signals and just have fun watching how virtual losses or profits float . After reading a good deal of recommendations there at forums, educational websites such as Forexpeacearmy Military school you can start with cent live account grabbing or losing your first cents (or bucks) on forex market.