Can I Trust HotForex? is It safe or Scam
HotForex is a global company that has its headquarters in Europe but it has sub-branches. It specializes in the provision of online forex services as well as the contract for differences (CFDs), and it mainly deals with the trade for commodities, bonds, cryptocurrencies such as Bitcoin, exchange-traded funds and equities.
HotForex Trading Platform and MT4, MT5 Plaform
Like a lot of forex brokers, HotForex utilises MetaTrader as their trading platform. This is ideal for those traders who are well used to using this trading platform and it is quite easy to pick up for those who don’t have any experience using it. There are many different features and tools available to you as part of this platform which helps to enhance the ability of the trader. There are many different version of MetaTrader 4 available with HotForex, including their desktop, multi-terminal, web browser, iPhone, iPad, Android and general smartphone versions of the trading software.
How to Start Forex Trading from Home with HotForex for Beginners
If you’re asking yourself how to start trading Forex, don’t look any further. There are many important points you need to know before you start trading Forex, such as picking a broker, installing your trading platform, and analysing the market. These are just the essentials of trading, and you’ll need to gain experience on your own through trial and error on the market. There are also a few handy tips that can improve your trading performance, especially if you’re new to trading and thinking about how to enter the Forex market. In this article, we’ll cover everything you need to know to get started as soon as possible and show you how to get into Forex trading, how to open your first trading account, and how to start trading Forex online.
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Forex News Trading Strategy - How to Trade The News in HotForex?
Forex news trading is probably one of the most exciting forms of trading because it can produce instant profits and instant gratification. Our team at Trading Strategy Guides has been getting lots of questions in terms of how to trade around big Forex news events. Through this news trading strategy guides, you’ll learn how to trade the Non-Farm Payroll Report (NFP), FOMC, central bank interest rate decisions and any big Forex news events. What you’re about to learn throughout this Forex news trading guide is extremely valuable because there are a tiny, tiny few traders in the entire world who apparently are able to correctly trade the news. This has the potential to completely change the way you see Forex news trading and how to make money trading. Before diving more into this Forex news trading guide you can check out 2 key invaluable tips that will help you make money in the long run There are many misconceptions about Forex news trading, but we’re here to debunk all the myths. Let’s move forward and debunk one Forex news trading myth at a time.
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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.
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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.