What Is Risk Management in Forex Trading with HotForex? How to Calculate Risk
Forex trading can be a roller coaster ride for unprepared investors. But, like any other form of investment, if you have strategies in place, you could even get to turn your forex dealing into a full-time career. One major area any forex trader needs to find out about when they learn to trade is the significance of risk management, and this is discussed in more detail below.
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The Complete Forex Trading Guide for Beginner in HotForex: How do I make Profits on Forex?
Whether you’re a complete beginner to Forex trading or have already placed a few trades, you’ll find useful information in our guide on how online Forex trading works. We’ll explain everything you need to know to jump-start your trading career, from the basics of trading, and what currencies are traded on Forex, to the various ways of analysing the market.
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Benefits of Automated Trading with HotForex - How to Register?
Benefits Automate your trading with a great choice of free and paid Trading Signals from the MQL5 Community. It couldn’t be easier to get started, because MQL5 is actually built-i...
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Making Time for Trading Schedule in HotForex
One of the biggest issues people come across when trying to improve their income or quality of life is finding the time to get things done. A modern lifestyle allows for very few activities outside the usual sleep-work-weekend routine. It’s not impossible. There are ways to make time to expand your knowledge and enjoy trading, and this article will show you how to find extra hours in your week to devote to the pursuit of profit with a trading schedule.
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 to Become a Profitable Trader with HotForex
You’re reading this right now because you want to know how long it takes to become a consistently profitable trader. You’ve heard others say it takes at least 2 years. Some would tell you it takes 5 years. And there are a few who still suck at it after 10 years. So, what’s the answer? Well, here’s the truth: All traders go through 4 stages in their trading career. And how fast (or slow) you get to the profitable trading stage depends entirely on you. Let me explain…
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