binaryowner
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Speaking as someone who’s used ASIC-regulated brokers before like HFM - I'd recommend checking their ASIC license firsthand and comparing spreads; my experience is that trusted regulation equals peace of mind
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As a newbie trading with HFM I'm focusing now on solid position sizing and risk/reward before diving into advanced strategies—your emphasis makes sense. I’ve been using demo accounts to grind risk control before going live
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Introduction To Online Forex Trading
binaryowner replied to StefGrig's topic in General Forex Discussions
Forex trading offers flexibility, but it's crucial to understand the risks involved. Starting with a demo account, for example with HFM, can help build confidence before transitioning to live trading. -
Money management truly is the backbone of sustainable forex trading; it's far more vital than simply having a good entry strategy. This was the key thing I learned from HFM's webinars. Focusing on consistent 1-2% risk per trade and protecting your capital above all else is key for long-term survival in these markets.
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Have you tried anything like that? It is actually great in terms of enriching your trading experience because competition adds motivation to think and invent something smarter and better
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Does Hotforex allow high frequency scalping? Any experience trading using such strategies with them?
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Enquiry on this footprint chart criteria
binaryowner replied to dmyy3k's topic in Trading Systems and Strategies
Setup looks great, is it available for MT4? Can't find anything similar in my HFM platform only tick volume, apart from price -
Yeah I think you have to try HFM demo contest because no risks but it is pretty possible you can make good profits from demo and won 1K for trading... I think it is fair deal
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I use trailing stop loss for that with HFM because in my view it is much more efficient than regular stop loss which is not so flexible
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yeah as you capital grows you need to risk less and also reduce leverage due to the pressure from investors to impose stricter drawdown constraints. I think trading becomes much harder when you manage investments.
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I only use GTC with HFM and sometimes limit order because they are the most efficient, especially limit orders which have lightning fast execution
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Guys have you been successful with their demo tournaments? Anybody won their prize and managed to complete turnover and withdraw? Looking for honest feedback about this
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A scalper aims to profit from small price movements, often entering and exiting trades within minutes or even seconds. They rely on high leverage, tight spreads, and quick decision-making, focusing on liquid pairs like EUR/USD or GBP/USD. It’s a high-intensity strategy requiring discipline and precision and low spread platform, similar to what HFM offers
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Perhaps you've been reading the wrong books or watching promotional videos. I’m not sure, but HFM webinars are packed with valuable information and actually demonstrate the opposite—that free trading education available online can be incredibly worthwhile.
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What do you mean? Can you suggest some broker to trade with?