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About binaryowner

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    Advanced Member

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  1. Anybody tried to tweak strategies with Hotforex? Is their platform is flexible enough to fit changes in your trading system?
  2. Scalping features low trading lifespan what means this trading style is less vulnerable to uncertainty scales up with time. Scalping is more predictable and tries to explore price patterns that lead to certain outcome. Its essential to use low-spread broker like Hotforex if you want to save up on spread costs as grabbing profit little by little means you need to offset it with rising number of trades.
  3. I have question regarding adding news feed in MT4 platform. What are the services that provide live news feed and where can I find the guidance for their setup?
  4. I strongly recommend to steer clear from taking high-leveraged positions because you greatly reduce your chances of survival in the long run, especially if you are under-capitalized trader. I use 1:50 with Hotforex (min. leverage) and never break this rule.
  5. My broker Hotforex has multiple regulations across the world, some of them are considered top-tier regulation with highest supervisory and financial standards..
  6. Despite many warnings that the broker should be regulated by some trusted watchdogs I prefer to bank on traders feedback and operation history, which in my view serves as a better proof of broker credibility. That's why I set my choice on Hotforex 3 years ago and haven't had a single day I rebuked myself for that decision.
  7. Agree with you. Every time I try services of a new broker I run thorough check of major aspects that help me to determine its credibility and prospects of a long-term interaction with them. But even with that procedure there is a certain degree of risk that your profitability may cause a conflict of interest, later, after several good withdrawals. Now I stick with Hotforex, more than 1 year passed and I still happy with them.
  8. Do you mean floating spreads on premium account? I use zero spread account, average spreads are 0.0-0.2 pip for EURUSD plus 8$ commission round-turn. I advice you to move on this type of account cuz basically its cheaper.
  9. Exactly, it constitutes my trading strategy. I'm not fan of indicators or EAs and rather prefer to keep an eye market sentiments which are heavily driver by news and fundamental events.
  10. The headline figure fell short of expectations but dollar rose anyway. I assume this happened due to upbeat economic data which points to the strength of US economy as thus faster timeframe of hiking this year despite of the Fed caution.
  11. I noticed that playing with your risk settings can greatly improve your odds to stay afloat in the long run. During volatility or looming uncertainty I tend to grab small by small, while calmer markets dispose me to make investment-like bets. Markets are constantly changing and adapting your trading system is essential to keep trading edge.
  12. My broker Hotforex moved from Cyprus CySEC to Mauritius FSC to keep offering flexible trading conditions for traders. Really don't get regulators rule on capping the leverage, what an infringement of our rights to adjust trading platform under our needs..
  13. I do trade on weekends but use bitcoin for that? It is even more volatile than currencies while fresh market without much professionals make trading there not so complicated and quite predictable.
  14. I don't like to take much risk on my positions, that's why my max lot size with Hotforex is 0.05 lot while I keep SL just little higher than previous day resistance level or lower than support. These are my simple rules that allow me to keep my deposit safe and trades running.
  15. What about withdrawal speed on Hotforex card? Is it processed faster than on other payment options?