Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

fxeconomist

Members
  • Content Count

    388
  • Joined

  • Last visited

  • Days Won

    1

Posts posted by fxeconomist


  1. On 4/25/2022 at 7:43 AM, aimhi said:

    For practice, a demo account worth weighted in gold because it comes with free virtual funds and the broker does not require any deposit for demo trading so when you trade these demo account and lose money you actually lose nothing but learn experience from your mistake.

    Yeah it is great opportunity, moreover there is a risk-free opportunity to earn real money, for example Hotforex demo contest. 


  2. On 5/13/2022 at 2:10 AM, analyst75 said:

    Unfortunately, if you’ve sent crypto, it’s likely gone for good, never to be recovered. At this point, because of the worldwide nature of cryptocurrency, there is no central authority that can help you recover your crypto. Make sure that what ever price you paid becomes tuition in the school of crypto life. You’ve learned a hard lesson. Print a certificate or do whatever you need to do help you move on, but ultimately learn from the experience and move on. Trying to recover what you sent is a battle you will likely waste more time, energy, and maybe money on with NOTHING to show for it in the end.” – Airdrops Blog

    Profits from games of knowledge: https://www.predictmag.com/ 

    That's why I prefer to trade crypto using CFD contracts from FX brokers like Hotforex, you get proper regulation & crypto opportunities in one place. I don't trust exchanges and after FTX I became even more confident that we should be very careful about that. 


  3. On 10/12/2022 at 4:52 AM, sharehunter said:

    Hi,

    I do a backtest so need some data in the past. Please kindly help me about the formula to get data from a specific trading day in the past (for example: get closing data in 05/30/2010)

    Many many thanks

    From where and in which format did you get your data? You can use Excel or Python Pandas Dataframe to get price on specific day or range using simple slice methods by row indices. 


  4. On 7/5/2019 at 4:26 AM, constancehill said:

    This market is not only sitting for hours in front of the computer watching graphics and doing operations, that is the final work, there has to be a whole preparation prior to that moment, a good operator must have a plan of their own.

    Yes that's why I prefer to stress my efforts on developing an algorithm that will monitor for price patterns and open orders when I'm away from PC. I use autochartist from Hotforex to have a clue which patterns exist and how I can implement them into my code. 


  5. On 2/3/2014 at 3:03 PM, Guest OILFXPRO said:

    Be patient for the right trades , you will miss some winning trades but you will avoid more losing trades. Sit patiently and observe selling pressure or buy demand

     

    Dont lose money. If you don’t know the facts, dont play. "You just wait until there is money around the corner, and all you have to do is go over there and pick it up. You do nothing in the meantime."

    I agree patience is very underestimated in trading. I would say that trading takes 10% of time while 90% of time you monitor and analyze prices. 


  6. On 3/5/2021 at 1:53 PM, CrazyCzarina said:

    Forex stands for foreign exchange and refers to the buying or selling of one currency in exchange for another. It's the most heavily traded market in the world because people, businesses, and countries all participate in it, and it's an easy market to get into without much capital.

    I think this is the reason why it is the cheapest market to participate. High liquidity and competition reduce spreads, I trade with almost zero spreads on majors with Hotforex. 


  7. On 5/29/2022 at 7:54 PM, aimhi said:

    I usually prefer forex trading over other markets because in my opinion forex is more liquid where almost more than five trillion usd revolves across the globe daily.

    Correct, one advantage of that is lower transaction costs. In my view forex scalping is the cheapest so if you found something that works across all assets, your choice should be definitely fx. 


  8. On 3/10/2022 at 9:46 PM, CrazyCzarina said:

    It is important that you are motivated to invest time, money and effort in forex trading. Most traders with full-time jobs can only trade forex for a few hours, but how to make the most of that time is up to the individual.

    I trade forex part-time on Hotforex MT4 I really like major pairs because of low spreads, scalping is fun that helps you to feel market. Though there is a lot of of noise especially during high volatility so I avoid trading during times when prices move in crazy fashion. 


  9. What are your thoughts guys on near-term price direction? Should we expect that dollar will appreciate further pressuring CAD? Oil market looks really fragile and it is well-known that CAD is quite sensitive to commodity price swings.


  10. On 6/10/2019 at 11:52 AM, mukti said:

    GBPUSD, often referred to as “The Cable”, a foreign exchange term used to describe the British pound vs the US dollar, is one of the oldest traded currency pairs.

    Yes, it is also one of the most liquid (after EURUSD) that's why scalping strategies work as a charm with it, but you have to find appropriate broker like Hotforex. 


  11. On 9/2/2022 at 10:06 AM, CrazyCzarina said:

    Forex traders predict changes in currency prices and trade positions in currency pairs in the foreign exchange market to profit from changes in currency demand. They can execute transactions for financial institutions on behalf of clients or as individual investors.

    Yes forex is governed by laws of supply and demand we can't ignore them and should look for their factors. However they are constantly changing and evolving. That's why it is so hard. 

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.