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fxeconomist

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Posts posted by fxeconomist

  1. Posted

    On 3/16/2023 at 6:12 PM, aimhi said:

    We can reduce our risks by proper money management.

    Can you enlighten us which money management rules can increase our odds in trading? Apart from playing with lot size I don't know any...

  2. Posted

    Absolutely, trading can start small and grow over time. Many successful traders begin with a modest capital and gradually build their accounts through careful risk management and strategic trading. Starting small allows you to gain experience, learn from mistakes, and refine your strategies without risking significant amounts. As your skills improve and your account grows, you can increase your position sizes and potentially achieve larger profits. 

  3. Posted

    While Elliott Wave Theory can provide a framework for analyzing market trends, it has its limitations that traders should be aware of. One reason some traders find Elliott Waves less useful is the subjectivity involved in identifying wave patterns, leading to varying interpretations. Additionally, market behavior doesn't always conform to the theory's expectations, making it challenging to consistently apply in real-time trading. 

  4. Posted

    On 7/25/2019 at 2:13 PM, JohnSmithK said:

    From all those choices available like penny stocks, blue-chip stocks, ETFs or individual stocks

    In my view, penny stocks has the greatest upside potential, especially since market manipulations become more and more common. I also like to trade currencies with HFM because their near-term price fluctuations can be explained by changes in central bank policy

  5. Posted

    On 4/1/2023 at 12:58 PM, aimhi said:

    We can also check our broker's online webinars portfolio as it can also be helpful in interactive learning. The webinar can either be attended live or later can be accessed on youtube.

    Thanks for your advice will take a look at Hotforex webinars, they offer lots of educational videos. 

  6. Posted

    On 7/21/2023 at 2:11 PM, aimhi said:

    Even if you are not trading still you need to spent time analysing the markets in my opinion.

    At least it should help you to decide what to do with the assets you hold your wealth in - should you sell them or keep them expecting them to appreciate in value. 

  11. Posted

     

    To overcome consistent losses in forex trading, it's crucial to reassess your trading strategy for any flaws or weaknesses and make necessary adjustments. Additionally, prioritize effective risk management by controlling your position sizes and setting appropriate stop-loss levels to minimize potential losses.

  17. Posted

    On 4/6/2023 at 4:21 AM, aimhi said:

    Agreed as 90% of the time we wait for the price to come at the reactionary level in order to initiate trading.

    I divide action and analysis time I spend in trading in about 1:4 proportion but it all depends on your trading style for investment type of strategies you may spend 2-3 weeks for analysis and 20 minutes for action lol

  18. Posted

    On 4/6/2023 at 4:23 AM, aimhi said:

    Almost we can start with smaller capital due to huge competition in this market and the broker usually take whatever amount we usually deposit with them.

    Yeah I started with just 10 USD on Hotforex and gradually increased my capital with additional investments also I used compounding to bring my equity faster to a comfortable level where I can set moderate profit targets and risk constraints. 

  22. Posted

    On 4/6/2023 at 4:34 AM, aimhi said:

    There are many brokers in the market to give a try i guess its really becoming hard recommending any broker so a simple thorough research at one's own can be helpful in my opinion. So far i think we should only shortlist reputed brokers like hotforex, octa, xm, fxcm, exness, lmfx etc to finalize the right broker suitable to our needs.

    And what is your favorite place to trade? I mean any broker that distinguishes from others?

  23. Posted

    Choosing between the Hotforex Raw Spread and Premium accounts ultimately depends on your trading style, preferences, and goals. Here are some key differences between the two accounts to help you decide:

    Raw Spread Account: The Raw Spread account offers tight spreads from 0.0 pips, but has a commission of $3.00 per lot round-turn. This account is ideal for traders who prioritize low spreads and are willing to pay a commission for this benefit.

    Premium Account: The Premium account has no commission, but slightly higher spreads starting from 1.0 pip. This account is ideal for traders who prefer to avoid paying a commission and are willing to accept slightly higher spreads.

  25. Posted

    On 3/24/2023 at 11:25 AM, barako said:

    It's difficult to determine which investment is better, as it depends on various factors, including your investment goals, risk tolerance, and financial situation. Here's a brief overview of each investment option:

    ETFs: ETFs are a type of investment fund that trades on an exchange like a stock. They offer diversification by investing in a basket of stocks, bonds, or other assets. ETFs are generally considered to be a lower-risk investment option compared to individual stocks, as they provide diversification.

    Individual stocks: Investing in individual stocks can potentially offer higher returns but is also riskier than investing in ETFs or mutual funds. Stock prices can be volatile and unpredictable, and there's a risk of losing all your investment if a company goes bankrupt.

    Penny stocks: Penny stocks are stocks of small, relatively unknown companies that trade at low prices. They are often considered high-risk investments due to their volatile nature and lack of liquidity. Penny stocks can offer high returns, but there's also a high risk of losing money.

    Blue-chip stocks: Blue-chip stocks are stocks of large, well-established companies with a history of stable earnings and dividend payments. They are often considered to be lower-risk investments compared to penny stocks, but may also offer lower returns.

    Ultimately, the best investment option for you depends on your personal goals, risk tolerance, and financial situation. It's always a good idea to consult with a financial advisor or do thorough research before making any investment decisions.

    Thanks for you explanation. Btw which broker are you trading with? 

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