fxeconomist

40 K is too high entry threshold for me. Current balance at Hotforex is only 12K:helloooo:

Could track decent money management in your trading description. I have approximately same trading setup but only for currencies, 1:50 leverage, no more than 0.5 lot size and fixed spreads (special Hotforex account). And my profits do outweight losses as well, because I my drawdown never exceed 0.5% of my account or i close the trade.

Money management is the core issue. All trading strategies (talking about techy approaches) are equally efficient, we just have to close losing traders faster and hold profitable trades longer. If you don't have trading plan do not trade forex.

Glad my broker Hotforex survived. Still can't find alternatives to their zero spread account.

Yes I clarified. You need to provide your ID card to them and they will take decision.

Hi FxFive, What type of account do you have with them and what pairs are you trading? Looking for feedback of live testing of their zero spread account. Would really appreciate any input on this matter.

Well established? Could you tell me more about them? What do you think about Hotforex, can we consider them well-known? Thanks in advance for your reply.

I live in a Muslim country and according to Hotforex requirements for opening Muslim account I just need to show my ID and that I live in a Muslim country, I guess. What do you think?

I wonder is it reasonable to use swap free account to hold overnight positions on "swap-expensive" pairs like USD/RUB? This particular pair has volatilty lowered on it but it still quite promising in terms of news trading like on CBR announcements or other fundamental internal events. Scalping is barely possible there so I consider moving on weekly trading. What's your opinion on that matter?

Maybe because investing in an asset overheats it's and sometimes it needs to cool down to launch the process again. I stick to the opinion that the higher is upsurge the deeper is collapse when it happens. What do you think?

Yeah quite accurate analogy. I always place stops in my trading, it's even done automatically by special software I found on FF.

Can I ask questions during the webinar or it's only permitted to present as listener?

Yeah I also trade with Hotforex on premium. No issues so far

Yeah I also noticed this feature in my personal cabinet. Seems now I will be able to know other HF fellows making money abreast with me

Winners are usually aggressive traders with insane MM and max lot size orders. No chance to oversmart them

Have you tried to figure this out together with your broker? What was their explanation? Most probably you got your order slippaged as it often happens in fx trading.

Got two my friends signed up under this promotion. Very good conditions on bonus release, btw.

Yeah that's a great broker both for newbies and trading experts. Have been using them since 2012, their low trading costs make their platform perfect for scalping.

Worthwhile recommendation really. Vote for Hotforex too.

The biggest retail broker in US. Seems they had serious neglects in their risk management and didn't passed the muster. Would advice any traders who still stay with them to start search for a good alternative, as company will probably make impossible normal trading.

The more is supposed period of holding the asset (and the more is amount of investment) the less is leverage. Standard rule of investment game.

Yeah those resources embrace almost all important aspects of position sizing but lacks real examples. But nevertheless you can use your demo account to check the information for consistency, so to say . Position sizing is extremely important for Xau/Usd pair, as well as for other comdoll pairs...

I would suggest Hotforex using Renko EA, got it from forex-tsd, seems it is very powerful EA for trading on majors small position pieces, but still it is very good for big lots too. Check it out Hf has very appealing spreads and fast platform, maybe you'll like it..

Yeah I never hold positions overnight as my Hotforex applies negative swaps as well on EUR/USD. Intraday trading is far better if you are going to make short and small profits.

I thought a broker is responsible for supplying the price feed. Otherwise there is no sense for newbies to have extra expenses on it while training. In this regard MT4 is considerably better. Moreover, the quote flow goes from liquidity providers as forex is decentralized and prices are different everywhere. It is 1-2 pip difference with my Hotforex quotes and paid feed from CNBC feed, for example..