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.
How Much Money do Trader Make from Forex Trading in HotForex
Beginner traders commonly ask, “How much money can you make in Forex trading?” $500 per month? $2,000? $10,000 or more? Theoretically speaking, the answer is “As much as you can handle”. Sounds good? Well… not quite. You see, in practice this question has little significance because a trader’s monthly income is rarely consistent.
HotForex - 41 0
What is Currency Correlation in Forex Trading? How It Works in HotForex
There are many techniques that Forex traders can use to trade the market and improve their trading strategy. One of the most powerful yet often neglected techniques is trading on Forex correlation. This is especially important for traders who trade more than one currency pair or want to build a portfolio of trades, in which case Forex correlation can significantly boost profitability and reduce market risk. In this article, we’ll cover everything you need to know about correlation between Forex pairs, and we’ll even raise it to the next level by introducing currency correlation on news releases. Although Forex correlation may sound complicated and intimidating at first, I assure you it’s pretty easy to incorporate in your daily trading routine once you understand the concept properly.
HotForex - 120 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 - 108 0
HotForex Gold Trading Strategy - How to Trade Gold in 5 Steps?
The precious metal gold has been always perceived as a safe haven in times of troubled times. Our simple gold trading strategy will help you to buy gold and sell gold at the same time. Our proven gold trading approach uses a combination of Fibonacci retracements and seasonality trading. The best strategy for trading gold, or other commodities, is to do precisely the same as the smart money trade commodity. Our simple gold trading strategy is based off what works in the financial markets. So, it’s a strategy that tells you when to get into trades on virtually any time frame. Whether you’re looking at higher time frames for long-term investment or when you want to get in and out of short-term trades. If you’re concerned about inflation, or the economy in general, investing in gold is an excellent way to protect your wealth. However, if you’re trying to make money from the trends in gold that require a method, and when we trade gold, use our simple gold trading strategy. This guide will include every step to follow in order to understand how to trade gold the way big institutional traders do. We also have training for the best fractal trading strategy. First, let’s unlock the secrets of trading gold!
HotForex - 73 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 - 107 0
What is Arbitrage in Forex Trading with HotForex? Risks of Arbitrage Strategies
There are many ways to profit on the Forex market. Anticipating the future price movements of currency pairs is one of them, and arguably the most widespread among retail Forex traders. Carry trades and accumulating rollover profits is also a popular trading approach, which is based on buying a higher-yielding currency and simultaneously selling a lower-yielding currency, making a profit on the interest rate differential. However, did you know that traders can also make profits with very low risk through Forex arbitrage? If you don’t know what Forex arbitrage is, then you're in the right place. In this article, we’ll cover everything you need to know about the Forex arbitrage strategy and give examples on how it works.
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 - 48 0
What is a Forex Trading Plan? - A Complete Guide to Develop Forex Trading Plan in HotForex
There is a fine line between success and failure when it comes to forex trading and a forex trading plan is something that can tilt the scales in favour of one or the other. Considering the fact that every decision you make when you trade in the forex market translate to either success or failure, you want to be able to implement a method or a formula that is engineered to minimise the risk of loss and help you become successful in your own accomplishments and the goals you have set. A forex trading plan is what many traders appreciate as a helping hand and a trusty guide in their trading activities. In fact, many will predict your failure as a trader just because you don’t stick to your own personal and tailored forex trading plan.
HotForex Club - 59 0
What are Forex Trading Systems & How It works in HotForex
Financial markets shouldn’t be traded without a sound tried and tested trading system, and the Forex market is no exception. Making the right trading decisions and finding tradeable setups on the market all depend on the rules of your trading system. Without a well-defined system, entering the market would more resemble gambling than trading, which significantly increases the chances of blowing your account in the long-term. Given the importance of trading systems in Forex, let’s cover what trading systems actually are and what the benefits of defining a trading system as a part of a comprehensive trading plan are. In addition, we’ll show you a simple Forex trading system that works, based on high-probability price action setups on higher timeframes. Let’s get started.
HotForex - 75 0
Reasons Why Traders Love Forex - Should You try Trading In HotForex?
If you’ve been thinking about trading on the foreign exchange (forex) market, but you haven’t taken the first step, then this article is for you. It explains the journey from newbie to confident trader, and how you might develop new skills and—hopefully—mastery. It will also help you save time and money by showing you how to avoid some of the novice mistakes that many of us have made. Most of all, this article will show you exactly why some people love trading forex, what they get from it, and what drives them.
HotForex - 54 0
Saving For Retirement With HotForex
When should you start thinking about your retirement? Should you devote your youthful years preparing for a comfortable end? Here’s the shocking truth about the cost of retirement and the sacrifices made for a financially secure future. Before reading the facts and figures below, please keep in mind that trading currencies on the foreign exchange market offers no guarantees of profit. FX News does not suggest that trading is a solution to your retirement needs.
HotForex - 72 0