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fxeconomist

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Everything posted by fxeconomist

  1. 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.
  2. 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.
  3. Thanks what is your advice regarding broker? Did your experience gave you some new insights how professional broker should look like?
  4. Yeah I also noticed that's its correlation with other major asset clases is lower so we can use it as a hedge.
  5. What is better: trade currency futures with access to exchange or currency CFDs where prices are set by the dealer?
  6. 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.
  7. 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.
  8. 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.
  9. Where can I find scalping bot for trading crosses during Asian sessions. Should support MT5 platform, preferably tested on on Hotforex broker.
  10. rally nice that we trade the same brokers, we could share ideas and tips how we can make our trading better.
  11. How long have you been trading with this broker? Please tell us more about your experience
  12. Why do you think so. Please explain.
  13. 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.
  14. Is it possible to connect your app to my Hotforex platform?
  15. 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
  16. 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.
  17. Looking forward to hear more from you because you did very careful and instructive analysis. However I trade CFDs with Hotforex via MT4 and not very familiar with Ctrader. Does it have any advantage?
  18. Where I can try this trading system? Will it support Hotforex MT4 platform?
  19. Great however MT4 is more popular trading language among newbie traders because majority start from trading with CFD FX brokers which offer Metatrader platform. I would order an EA from you but it need to work on Hotforex MT4
  20. I think what really works isn't publicly available stuff. Profitable algorithms are the same thing as trade secrets which should be stored properly. Even if I were offered to sell my algo I use with Hotforex I would never do that because it makes money and selling it makes no sense.
  21. How can I install and test it on my MT5 platform? Is it easily customisable?
  22. I like to trade breakouts I use Hotforex platform for that with python integration, they provide platform with low latency where scalping is possible.
  23. Start with demo account, for example with Hotforex MT5, spend some time learning platform functionality and then you are ready to test your hunch on live account. Just keep bet size small and never forget to control risks. Also avoid emotional decisions.
  24. Exchange, supply and demand on them and of course arbitrage between exchanges and starting from recently derivative instruments like CFDs on bitmex
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