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.
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What is a Forex Robot - How to use Forex Trading Robots in HotForex?
In essence, there are two ways Forex traders can approach trading: they can either decide to analyse the market and trade on their own, or they can go with the increasingly popular Forex trading robots that do all the hard work for you and place trades automatically. But, are they really a profitable substitution to trades hand-picked by experienced Forex traders? Let’s find out.
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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.
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What is a Safe Haven Asset? How to Trade Them with HotForex
Safe-haven assets are used by investors to limit their exposure during times of market instability. If traders identify which assets are likely to appreciate while others decline, they can prepare themselves for market movements.
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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.
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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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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.
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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.
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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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Price Discovery Definition with HotForex - How does It work?
Price discovery is a process by which market prices are determined, largely by interactions between buyers and sellers. Learn more about price discovery, including what it is, how it works and why it matters in trading.
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What is A Collar Strategy? Why Would I Use Them in HotForex
What is A collar strategy? A collar strategy is a defensive equity play in which an investor seeks to limit the downside in a stock in exchange for forgoing some of the upside pot...
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