official Hot Forex - HotForex.com

[pradegxs]

HFM's Raw Spread account offers some pros such as tight spreads, commission-based pricing, and fast trade execution. However, some cons to consider include the need to pay a commission per trade, higher minimum deposit requirements, and potentially higher overall trading costs if you make frequent trades. It is important to carefully consider your trading style and needs before choosing a HFM's Raw Spread account.

[sendong]

has anyone had any experience with pro accounts? any thoughts?

[pradegxs]

On 7/22/2023 at 8:13 AM, sendong said:

has anyone had any experience with pro accounts? any thoughts?

Yeah they are good for traders that generate good volume. If you are novice and inexperienced better to play with micro or regular account with only floating spread. Less confusion, imo. 

[sendong]

thanks for the feed back i noticed they do have better spreads overall, just contemplating anyway 

[pradegxs]

On 7/26/2023 at 12:31 PM, sendong said:

thanks for the feed back i noticed they do have better spreads overall, just contemplating anyway 

Better than in other account types or compared to different brokers? Would be really interesting to hear info about inter-broker comparison of spreads

[pradegxs]

Anybody tried Hotforex demo contest? Is it possible to win? 

[nextop]

It's possible to win if you have EA can grow your equity 50x bigger.

Edited October 4, 2023 by nextop

[tradesprint]

EAs can also double the trouble especially when you do not know about coding since they are built using technical analysis and do require monitoring during the volatile markets. I however prefer trading manually but i believe there are still many profitable EAs available in the market.

[sendong]

ive been seeing lots of new EAs though im not much of an EA trader, but they do yield interesting results. 

[tradesprint]

Those who actually have a profitable trading startegy can get their EA coded and go automated in my opinion.

[sendong]

i guess there are two typoes of traders, some are just simply manual traders, other explore the options of automation, the same goes with copy ttrade, its good for scalping depending on the input. but they way i do trading i dont think ill do any automation soon

[nextop]

My advice for any trader is to always learn how to copy trading or invest to a PAMM account. They can lose and you also lose, but at least you don't waste time and effort for trading. If they get profitable, the share usually not much. 

[sendong]

copy trading is good, especially if you have a mentor to follow,i have to agree and one can learn a lot from it

[tradesprint]

Besides copy trading i believe if we can get a good mentor we better start learning the skills instead of simply copying profitable trades.

[nextop]

I don't understand the relationship between mentor and copy trading. Please clarify!

[tradesprint]

Copy trading can keep you running finding good trades setups by following a good profitable trader while if you want to learn trading skills and become profitable trader yourself then you might require a good mentor to teach you the right trading skills.

[sendong]

you can always do both really, we can always learn from manual trading and copy trades anyway

[tradesprint]

Learning comes with dedication and focus, also spending time on the charts so many new traders also lose money in start yet they need to move forward while learning from their mistakes in order to become a successful trader in my opinion.

[nextop]

Honestly after investing to copy trading and both PAMM, I lost pretty much and I recognize we must have enough knowledge and experience to know which one to invest to. I saw a 500 days profitable account and after investing, it's lost 80% equity in 2nd month 😞

[tradesprint]

It sounds a huge loss, i guess you are right we need to stick with acquiring knowledge which many new traders forget to cater. Yet we can use these losses as a milestone to learn experience and should not repeat such mistakes in future.