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HotForex Discussion

  • #941
  • Oct 17, 2017 9:56am Oct 17, 2017 9:56am
Quoting available
{quote} Are you holding any long term positions with them?
Yes
Try don't lose pants never...
  • #942
  • Oct 28, 2017 12:22pm Oct 28, 2017 12:22pm
Quoting 9jatrader
{quote} Great thanks. No problem in withdrawing? Swaps not brokers problem. One can focus on buying currency of higher interest rate
Seems you really underestimate swaps. Sometimes acceptable swap can offer you low risk long-term trading strategy, its not obvious but many smart traders have specific requirements for trading costs
  • #943
  • Oct 28, 2017 12:31pm Oct 28, 2017 12:31pm
Quoting available
{quote} Seems you really underestimate swaps. Sometimes acceptable swap can offer you low risk long-term trading strategy, its not obvious but many smart traders have specific requirements for trading costs
If one is too cautious of swap i believe he can focus on trading going long on the currency of higher interest rate and selling the currency of lower interest rate.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.0%
  • #944
  • Oct 28, 2017 12:49pm Oct 28, 2017 12:49pm
For example if we can catch NZDCHF bullish trade the positive swap would be great- Highest interest vs lowest interest rate. The broker has no option than to give us the $$$$
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.0%
  • #945
  • Nov 6, 2017 10:21am Nov 6, 2017 10:21am
Quoting 9jatrader
{quote} If one is too cautious of swap i believe he can focus on trading going long on the currency of higher interest rate and selling the currency of lower interest rate.
This is particularly we could observe during recent months on USDRUB. It was extremely stable despite of oil fluctuations as carry traders took long position on Ruble which has pretty attractive interest rate and stabilized political risks.
Retail forex brokers which offer high swaps was pretty busy with carry traders too.
  • #946
  • Nov 8, 2017 2:45am Nov 8, 2017 2:45am
I would like to ask, is trading bitcoin with a broker (as hotforex) more profitable than buying and selling bitcoin?
  • #947
  • Nov 10, 2017 11:12am Nov 10, 2017 11:12am
Quoting asrona
I would like to ask, is trading bitcoin with a broker (as hotforex) more profitable than buying and selling bitcoin?

Ability to open leveraged position on Hotforex both magnifies profit and potential losses, its a double-edged sword.
But forex brokers are better regulated comparing to exchanges which can ordered to shut down any time, that's why I prefer not to risk and trade CFD rather than "physical" bitcoins
  • #948
  • Nov 10, 2017 12:21pm Nov 10, 2017 12:21pm
Quoting available
{quote} Ability to open leveraged position on Hotforex both magnifies profit and potential losses, its a double-edged sword. But forex brokers are better regulated comparing to exchanges which can ordered to shut down any time, that's why I prefer not to risk and trade CFD rather than "physical" bitcoins
My fear too. While not trade it with Forex brokers???
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.0%
  • #949
  • Nov 13, 2017 2:54am Nov 13, 2017 2:54am
Quoting available
{quote} Ability to open leveraged position on Hotforex both magnifies profit and potential losses, its a double-edged sword. But forex brokers are better regulated comparing to exchanges which can ordered to shut down any time, that's why I prefer not to risk and trade CFD rather than "physical" bitcoins
With its movement in last week, I also think trading should be better than keeping physical bitcoin.
  • #950
  • Nov 21, 2017 10:48am Nov 21, 2017 10:48am
Quoting hoangforex
{quote} With its movement in last week, I also think trading should be better than keeping physical bitcoin.
Consider it a long-term investment if you want to be a winner in the long run. Its hard to trade an asset that is purely driven by speculations, by at the same time its extremely rewarding.
  • #951
  • Nov 29, 2017 2:18am Nov 29, 2017 2:18am
Get over 10k in a few days, omg, you get ~25% profit in days. Bitcoin baloon is almost exploding.
  • #952
  • Dec 4, 2017 9:57am Dec 4, 2017 9:57am
Quoting available
{quote} Seems you really underestimate swaps. Sometimes acceptable swap can offer you low risk long-term trading strategy, its not obvious but many smart traders have specific requirements for trading costs
Exactly! It's even possible to have some kind of hedging to profit from the swaps with almost no risk, something like triangular arbitrage = https://photoshar.in/wiki-how-to-cal...orex-arbitrage
  • #953
  • Dec 6, 2017 11:52am Dec 6, 2017 11:52am
Quoting asrona
Get over 10k in a few days, omg, you get ~25% profit in days. Bitcoin baloon is almost exploding.

Yes everytime I hear warnings about bubbles but BTC seems to be simply not paying attention to them. It has different aims, maybe 100K and we are only at the start of the rally.
  • #954
  • Dec 10, 2017 11:32pm Dec 10, 2017 11:32pm
thts relly plausible, some say for it to be a real currency it needs to hit a 1million mark, and somewhere between the line the estimamted projection is 15k by mid next year, all speculation, yet nothing seems to stop btc from pushing forward. Ill stick to what i know and watch it, and maybe sneak a couple of trades if possible but it scares the heck out of me.
  • #955
  • Dec 13, 2017 10:23am Dec 13, 2017 10:23am
Quoting jiggz
thts relly plausible, some say for it to be a real currency it needs to hit a 1million mark, and somewhere between the line the estimamted projection is 15k by mid next year, all speculation, yet nothing seems to stop btc from pushing forward. Ill stick to what i know and watch it, and maybe sneak a couple of trades if possible but it scares the heck out of me.
Expect major profit taking move before Christmas, traders need money to spend on gifts for their family
  • #956
  • Dec 21, 2017 1:49am Dec 21, 2017 1:49am
I see many forex traders switching to Bitcoin trading, fortunately, Bitcoin is quiet now or they cannot sleep during Xmas.
  • #957
  • Dec 24, 2017 5:38am Dec 24, 2017 5:38am
Quoting hoangforex
I see many forex traders switching to Bitcoin trading, fortunately, Bitcoin is quiet now or they cannot sleep during Xmas.
Going to jump in the train after recent substantial crash. Somebody cashed out for their new Porsche and LA Manshions for Christmas gifts!

Btw I shorted BTC at Hotforex from $19K made about 3K, closed at $15500, the level seemed to me a sound support but failed to resist massive withdrawals flow.
  • #958
  • Jan 4, 2018 1:27pm Jan 4, 2018 1:27pm
do you guys know where is the document showing the reasons for their fines by the Cysec ?
Someone had given a link to me but i can't find it back.
  • #959
  • Jan 8, 2018 12:05am Jan 8, 2018 12:05am
hey available, if u dont mind me asking, recently been looking into ripple, i mean its trying to make some noise, like do u have any insight?

p.s. that dip in btc from 19k-15.5k was a big catch nicely done
  • #960
  • Jan 11, 2018 8:27am Jan 11, 2018 8:27am
Quoting jiggz
hey available, if u dont mind me asking, recently been looking into ripple, i mean its trying to make some noise, like do u have any insight? p.s. that dip in btc from 19k-15.5k was a big catch nicely done
Hey jiggz, the coin looks scammy to me despite tremendous recent gains, partly because banks don't need XRP itself to carry transactions with Ripple technology. XRP its like a share that guarantees no dividends, cashflow, just nebulous promise that it gonna be used sometimes by banks.

Ripple has definitely a value but it doesn't something like current market cap.
Any company can issue tokens saying they gonna be used in their operation without proper timeframe. For now its purely a hype, IMO
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