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fxeconomist

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Everything posted by fxeconomist

  1. Yeah that's why I prefer to trade low volatility pairs such as USDJPY so I could set stop loss closer to entry points and decrease chance of a loss.
  2. Does it mean that buy and hold strategy for some broad index like S&P 500 is the best one? Or stock picking still makes a sense in the long-run?
  3. Please explain how I can apply this knowledge in trading with my current broker Hotforex.
  4. No matter which MACD period you choose the underlying is still a price which is almost always random. I trade only news with Hotforex only short-term predictions because later prices again become random, impossible to make correct predictions in the long-run.
  5. Yes I and it's even more important to know volatility of your returns than market prices because higher variance of returns makes your progress very unsustainable.
  6. Yes trading currencies is much more risky than trading stocks, since they're not supported by central bank policy efforts but instead freely fluctuation in a very random fashion. Profits can create wrong impression that you learned how to trade but often it is just the product of pure luck.
  7. Carry trading is great on USDRUB, I do it at Hotforex and reap good profits when the ruble falls a lot. It is a great opportunity to earn if you have patience.
  8. For CFDs MT4 is more than enough, good backtesting capabilities, speed, lots of education material on MQl5
  9. Agree after testing Elliot Waves for three months I returned to S/R trading with Hotforex using RSI as confirmation signal and trading returns went into green again. This was pricey experiment so stick to your approach if it works, lol
  10. Most of the projects are scam because they can't generate profit (even if they aim to do that). As some famous economist said crypto is a solution that seeks for a problem. Most often their application is exotic, they still don't have a market, potential buyers of their services, but this domain is full of hype which attracts fraudsters. It means that the chance of adverse selection is high there.
  11. To avoid consistent loss it is important not to overtrade as many losses are result of excessive emotional pressure or fatigue. In turn this often arises in the state of overtrading.
  12. Thanks what is your advice regarding broker? Did your experience gave you some new insights how professional broker should look like?
  13. Yeah I also noticed that's its correlation with other major asset clases is lower so we can use it as a hedge.
  14. What is better: trade currency futures with access to exchange or currency CFDs where prices are set by the dealer?
  15. Yeah it works like a charm basically you just setup a parse bot that checks frequently the website around the time of release, like NFP report. Getting the figure and then comparing it with concensus in economic calendar you make decision buy or sell. It is then executed in MT5, thankfully it offers python bridge so you can connect to it python in 10 lines of code.
  16. Agree, we have to eliminate emotional pressure from trading and the biggest source of terrible feeling of a loss is trading with the money you can't afford to lose.
  17. fxeconomist

    Risk

    Can you suggest reliable liquidity provider which offers CFDs on stocks.I know Hotforex but need other brokers to try cross-hedging strategy.
  18. Where can I find scalping bot for trading crosses during Asian sessions. Should support MT5 platform, preferably tested on on Hotforex broker.
  19. rally nice that we trade the same brokers, we could share ideas and tips how we can make our trading better.
  20. How long have you been trading with this broker? Please tell us more about your experience
  21. Why do you think so. Please explain.
  22. There are many different ways to post chart the way you want. It all depends on what exactly you want it to look like. I use tradingmyview and Hotforex MT4 platform screenshots to share my ideas and market views.
  23. Is it possible to connect your app to my Hotforex platform?
  24. fxeconomist

    Risk

    What do you think about CFD trading? Is it reliable enough? In my opinion brokers that offer ECN shouldn't have this issue
  25. Great advice. I would also try to try different broker platforms, because comparing conditions you understand what matters for you. More information about which trading conditions are possible - more ideas how to construct some strategy that will have an edge over market.
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