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fxeconomist

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Posts posted by fxeconomist

  1. Posted

    Well, holding stocks you receive dividends and can control better your risks. But I prefer to trade CFD's its similar to stocks but they require less trading margin but yield more profits. I use Hotforex services for that.

  3. Posted

    Does anyone know about former Wall Street Trader, John Knobel? Looks interesting.

    Will be there any webinars at Hotforex with his participation? If he had experience at Wall Street I think it worth to spend a hour for education with him.

  4. Posted

    good line up of webinars this year, will be catching some of them hopefully. thanks for sharin.

     

    Yeah lets try to attend them all sure there will be a lot of interesting and intelligent stuff even for advanced traders like me. Last webinar confirmed these thoughts.

  5. Posted

    that black swan was one heck of an event and it was not just smaller firms and brokers, big names like alpari got sweapt like crazy, it affected a lot of people, im not so sure if ironfx troubles right now is related, but even fxcm i think had to make a 300m loan to maintain. though luckly brokers like hotforex was able to coup up.

     

    Yeah I'm also with Hotforex I got a message from them after turmoil saying they got out unaffected. That's is how wise risk management works!

  6. Posted

    of course, avoid market makers, its only them who earn, and a big percentage of traders dont, go with good stp ecn brokers like hotforex and lmfx these are decent that i currently trade

     

    What account with Hotforex do you have? How are their spreads on gold or you don't trade it?

  7. Posted

    Anyone else out there that goes by this?

     

    I'd give 50 or even more percent of importance to money management. Many traders lose because of incorrect money management even if their analysis is correct. You may have 5 profitable trades and then take risk and lose everything for one trade even your trading analysis was in 80% correct.

    Just my two cents.

  8. Posted

    Never tried it, even some of broker i use , like Instaforex , Tickmill and FXPrimus,provide this trading instrument, and any other exotic like TRY,ZAR,DKK, PLN, MXN,HUF, etc

    and i know not all of brokers can provide this instrument,

     

    and i wont try any unfamiliar instrument, i mean even Tickmill provide low spreads with this instrument, but i dont know how to count its dollar per pip value for every one lot.

     

    so in my opinion i better stick with familiar instrument

     

    anyway if you wanna use USD/RUB for carry trade, i suggest u use USD/HKD than USD/RUB

    because Hongkong Bank keep USD/HKD in range

     

    So the only confusion is with calculation? What about predictability of USD/RUB I mean it's very Oil dependent and Russian CB decisions too.

  10. Posted

    hotforex seem to have taken off and are up there now since the snb mess, good move

     

    Hey could you provide feedback on Hotforex zero spread account. Really want to try it soon.

  12. Posted

    Hi Guys!

     

    After doing some research about trading online. I stumbled upon Binary option and find it user-friendly. Although i dont know much about it, i feel that one can possibly win more and lose more money at the same time. Nevertheless, i think it's for someone like me who doesnt know much about trading.

     

    Question: Anyone, who knows an effective way of minimizing loses in Binary options? Hopefully by experience and not textbook strategies. :)

     

    Cutting loses? Well common sense suggest that you need more winning trades for that:)

    But at the bottom try to gain better grasp of money management and it's importance in trading. Don't gamble and don't bank on luck - because it s a dead end way in trading.

    If you still can't make a choice on trading platform I can suggest you to start on Optiontrade, I use this platform to hedge some Fx trades because of different risk/reward ratio there. Keep in mind that Binary Options is not Forex it just mirrors this market and similar to betting in other events like sport or others.

  13. Posted

    Im finally getting ready to start trading a live acct. I have been studying and learning for about 4 years and I am now ready to go live. I have been fine tuning my system for about 3 months.

     

    I will start out trading 1 contract.. (add 1 ct per every $5000 gained). my goal is $2000 net profit, or about 200 net ticks per month.

     

    I trade intraday.. TF, CL, GC, and 6J.. I use tick charts...144, 233, and 610.

     

    my system is an overall winning sytem, so my question is this: should I trade every set up I see, or trade more conservatively..ie..stay out after I net 20-40 ticks...per day? with this being said, should I stay out if I meet my monthly goals? or keep trading my set-ups evenafter monthly goals are met?

     

    I figure if I meet my monthly goal of $2000 per contract per month, then I should stay out, thus limiting my risk even further.

     

    just would like to know other traders thoughts on this particular aspect of money management. thanks in advance

     

    Trading out of the plan kills money management.

    Main rule in money management - you should stick to it. If you make even one trade out of that then it breaks the setup and it's hard to come back to normal trading.

    You can be clueless about trading strategy etc but able to manage bets effectively and you will be on the winning side. Easy as that.

  14. Posted

    if its the definition then there are tons online, try google,but for a broker, yeah it can be confusing, many claim to be true ECN yet its not, some are good some are bad, but in the end we make the best of what we have, I trade an STP/ECN broker hotforex and its good. simple.

     

    How long have you been trading with Hotforex? Do they have issues&nuances rookie should know before joining them?

    Thanks in advance?

  15. Posted

    Money came through finally! thanks for the recommendation I'll look at them, I'm looking for NDD and want to invest 5 digits hence my concerns. Don't really like mt4 either

     

    I've tried Tradestation and Ninjatrader too, but what I can certainly say that tradestation fees and Ninjatrader lack of good charting features put them one step behind the MT4 with it's obsolete design and unusual bugs. I'd recommend to stick with MT4 best platform I've tested so far.

  16. Posted

    Hello

     

    I am an Australian journalist looking to speak to FX traders who made or lost money on the CHF mess in Switzerland. If you or someone you know were willing to speak with me briefly, my email is jkehoe@afr.com.au . Thank you.

     

    John Kehoe

    United States Correspondent

    The Australian Financial Review

    1310 G Street NW

    Suite 750

    Washington, DC 20005

    Cell: +1 (202) 285 9000

    Email: jkehoe@afr.com.au

    Twitter: @johnkehoe23

    Financial Review - business, finance and investment news | afr.com

     

    look for busted alpari or excel markets traders. they certainly will help you

  17. Posted

    If you have 2k minimum - go tradestation.

     

    What are the advantages of tradestation over MT4? Even institutional traders trade with MT4 platforms. I think it all depends on the broker.

  18. Posted

    The aim of this thread to get intraday chart by forum members with proper analysis, explanation, stop loss and take profit. This would not only help us find more trades but help beginners learn more about chart reading as well. As I always believe together we are stronger.

     

    Good thread. Can you start off with a good example?

  19. Posted

    I think a lot of people underestimate the effects of fees, the brokers really do have a MASSIVE edge.

     

    Even if you look at those ridiculous quarterly NFA statistics on the percentage of winning traders, despite the various shinnanagins in play you'll see a weak correlation between win rates and the size of spread being charged.

     

    As you point out there are a myriad of reasons why people are getting hosed by these costs, personally I think it's a fairly fundemental part of the game figuring this stuff out

     

    If you really want to bleed a account dry you could always follow the advice given by trade to wins content manager Mr Tim Wilcox who suggested simultaneously opening long and short trades in the same instrument ! :helloooo:

     

    I know they have a living to make, but recommending traders to pay double the spread just to get an IB kickback is beyond criminal. What a bunch of *****

     

     

    Yeah that's really crazy. Avoid such tutors easiest way to bust your account without getting a grain of experience or knowledge from it.

  20. Posted

    Yes actually meant swiss.. currently on the hunt now for a solid broker

     

     

    Try Hotforex. I trade them for years no issues so far. Though Fx is my hobby an I'm dealing with 4 digit numbers on my balance only, no signs of Dealing desk or withdrawal delays. I really like them.:)

  21. Posted

    I got an email about a seminar here in the philippines, good news indeed cant wait to have them open an offices here.

     

    Doesn't HF have office in Fillipines. Guess it gives nothing to average philippinese trader, as top up and withdrawal methods are all online.

    Don't even think HF will open office there in Russia because it's not a key market for them.

  22. Posted

    still no funds from fx pro, think they want me to forget about it but that aint going to happen ,I've allready made a deal of it on another forum too, not that I want to but rubbish really, they might be struggling from the Greek , the supports appreciated

     

    There are no reported cases about brokers suffered from Greek crisis (I mean abnormal market movements caused by Greek crisis). Don't know what's happened with FxPro receive payments from Hotforex without any delays:)

  23. Posted

    Is it possible to become rich by stock trading? Do people make enough out of day trading?

     

    For stock trading you have to have significant amount of money to invest:)

    Stock market is not so volatile and the only strategy to profit is buy-n-hold.

    You'd better to try Fx to maximize profit and get rich quicker:)

  24. Posted

    Recently the interest sparked to emerging markets like Turkey or Russia, in connection with this I would like to hear any opinions on trading with USD/RUB or USD/TRY. Thankfully have these pairs on Hotforex with quite competitive spreads, but heard they may experience severe lack of liquidity sometimes. Is it true?

    Any information relevant to my inquiry is much appreciated.:)

  25. Posted

    Hello, i am new here and also new to trading. As I want to trade in Gold and Silver, But i don'r know how to start and from where to start. Can anyone help me in showing some basic tips to Trade.

     

    Sure we can help you. For a start go there https://www.hotforex.com/ru/account-types/hotforex-demo-account.html and register demo account. There you can try to trade absolutely free, test basic trading strategies which come in mind, test someone's signals and just have fun watching how virtual losses or profits float ;). After reading a good deal of recommendations there at forums, educational websites such as Forexpeacearmy Military school you can start with cent live account grabbing or losing your first cents (or bucks) on forex market.

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