How to use Trading Indicators Effectively with HotForex? Reason Why Most Traders lose Money with that?
Most traders will tell you to stay away from indicators. They give you reasons like: - It lags the market - It gives you late entries - It can’t predict what the markets will do Nope, those are excuses. Want to know the real reason why traders lose money with indicators? Here’s why…
HotForex - 134 0
Trading Psychology: Profit Targets in Forex with HotForex
Closing the trade at the most favourable price level is equally as important as getting into the trade at the right time. In the end, the price level at which you get out of your position and exit the trade determines the overall profit or loss of your trade. In this article, I’ll shed some light on the psychology of profit targets and the probabilities game of every single trade.
HotForex - 136 0
How to make Profit with Breakout Trading Strategy in HotForex: The Complete Guide to Forex Trading
Do you trade breakouts? Then you know breakout trading can be exciting. The price quickly moves in your favor and make it seems like you’re printing money. However… Breakout trading can also be painful. For example: You notice the price breaking above Resistance. The candles are big and bullish, so you go long. But suddenly, the price does a 180-degree reversal. And before you know it, you bought the highs and now you’re bleeding in the red. Ouch. So now you’re probably wondering: “How do I filter for high probability breakout trades and know which are the ones to avoid?” Well, that’s what you’ll discover in today’s post.
HotForex - 94 0
5 Things you Must Know with HotForex Before Entering A Trade
Imagine: You’re waiting for a pullback towards support before you get long. Somehow, the market knows what you’re trying to do and it doesn’t re-test the level you’re looking at. Instead, the market continues to move higher without you—argh! Sounds familiar? Then you’re not alone. The good news is, there’s a fix for it if you know what to look for in a pullback trade. So read on…
HotForex - 133 0
The Real Truth about Trading In HotForex Every Trader Should Know
I’m guessing you’re interested in trading because you want to break the shackles of your 9 to 6 job. Or maybe you want to generate another source of income so you can be financially secure. Whatever the case is, trading gives you hope. The hope that you can be financially free and better provide the needs of your family. However… Hope isn’t enough if you don’t know what you’re dealing with. So, are you ready to learn the truth about trading and hopefully, make it work for you? Then read on…
HotForex - 117 0
How to make Profit from Growing a Small Trading Account in HotForex
You probably feel like a tiny fish in an ocean when you’re trading with a small account. Because the profits you make seem so insignificant that you wonder if it’s worth your time and effort. But here’s the good news… In today’s post, you’ll discover 5 practical trading tips to help you grow your small trading account into 6-figures, or more. The best part? You’ll learn how to do it steadily so you don’t blow up another trading account—even if you have done it the last 5 times. So let’s get started…
HotForex - 86 0
Beginner Make More Profit than Old Traders in HotForex, Why?
If you read this article, I’m sure you have gone through the early stages of the trading “career”. There was a time when you were a beginner in HotForex-. Now looking back, it is so funny and dumb because of making money without understanding the reason. You can say, at that time, your profitability is the best. Do you believe it? You didn’t even know how to use an indicator, how could you make a profit? You make a big mistake. At that time, you were very careful with each trade and complied with the entry conditions of the strategy you had chosen. Such carefulness helped you get the first few wins, though not so big. However, it didn’t last long. Time made you lose your original good habits. In today’s article, we will discuss the reasons why new traders trade better than the old ones. Let’s follow it up!
Forex Swing Trading Strategy in HotForex: The Complete Guide for Trader
Finding the right Forex strategy is tough. Where do you start? How do you know when you’ve found the right one? Considering the thousands of trading strategies in the world, the answers to these questions are difficult to pin down. It only gets worse when you add the endless number of technical indicators. But it doesn’t have to be that way. Why not start with identifying a suitable trading style, such as Forex swing trading? Compared to the seemingly endless numbers of strategies, there are far fewer trading styles. While the exact figure is debatable, I would argue that there are less than ten popular styles in existence. Once you’ve identified a trading style that fits your personality, it becomes much easier to find a suitable strategy within that style. If you have identified swing trading as a candidate—or just want to know more about it—then this post is for you. By the time you finish, you will know exactly what swing trading is and whether it’s right for you. I will also share a simple 6-step process that will have you profiting from market swings in no time. Read on to learn how to make swing trading work for you.
What is ETF(Exchange Traded Fund) Trading? ETFs for Day Trading Strategies with HotForex
In this article, we’re going to talk about how ETF trading strategies can help you grow a small account quickly. When combined with the right strategy, ETFs can be one of the best and safest ways to generate profits consistently from the financial markets. ETFs are versatile financial instruments that are suitable for every trading style. This means you can start day trading ETFs or even swing trading ETFs. By taking care of the risk associated with ETF trading you can start to enjoy some of the benefits. We’re going to highlight the benefits of adding ETFs in your trading and investing portfolio. However, we’re also going to shed some light on the risk involved with ETF (exchange-traded funds). If you’re not familiar with ETF trading and don’t have a complete understanding of how to trade ETFs, we hope this ETF step-by-step guide will provide some guidance.
HotForex - 208 0
How Much Money Do I Need to Start Forex Trading with HotForex?
To trade on a financial market, you need capital. Capital is used to buy an instrument if your analysis shows that its price could increase in value, eventually leading to capital gains and a profit for the trader. The Forex market is no different – in order to start trading currencies, you need to invest a certain sum of money with your broker which is then used to buy and sell currencies. The amount invested has a direct impact on the amount of profits you can make, as larger trading accounts can open larger position sizes than smaller trading accounts (given the same amount of leverage). We will tackle the important question concerning the minimum amount of money needed to trade Forex in the following lines, and show you that there is no universal answer that applies to all traders.
HotForex - 80 0
5 Biggest MISTAKES Forex Traders Make! and How to Avoid Them in HotForex
In forex trading, it is always possible to make mistakes, but some are stupider than others. Of course, plenty of mistakes are unavoidable and even the most experienced traders can make them by accident. By minimising our chances of making mistakes, we can hopefully improve our chances of trading success. In this article, we’ll look at the top five stupid mistakes forex traders make and how you can avoid them.
HotForex - 221 0
What is the Best Time of Day to Trade Forex Markets with HotForex
The Forex market is a specific financial market that trades over-the-counter. This means that there is no centralised exchange involved in the settlement of Forex transactions, like in the case of the stock market, and Forex market participants trade more or less directly with each other. There are certain benefits with over-the-counter markets such as Forex, including the ability to trade around the clock as the market doesn’t depend on the open market hours of a centralised exchange.
HotForex Trader - 335 0