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HotForex Discussion

  • #621
  • Mar 18, 2016 10:10am Mar 18, 2016 10:10am
Quoting suneth2
Clearly a scam broker today they widen spread and hit the my GBPUSD buy orders on 1.4515 level, Then prices goes down, shame on this kind of scammers who steal peoples money.
Today I had trade opened in same pair and I didnt see anything weird. Really I never saw wide spreads in open time. Only they wide it when market close and less than other brokers. My last broker was Allpari UK and they "touch" spread more time than HotForex
Try don't lose pants never...
  • #622
  • Mar 18, 2016 8:44pm Mar 18, 2016 8:44pm
But if you have take a profit target on 1.4511 - 1.4512 that will not hit by broker, but they hit your buy stops around 1.4515 it definitely hit, not sure how they doing, may be they send different spreads for different user accounts. not only HF this doing by most of brokers.
Failure is not failure if you learn from it...
  • #623
  • Mar 19, 2016 2:54am Mar 19, 2016 2:54am
The traders (we) make mistake after mistake, after humans always tend to blame everything that surrounds it, but can not see that the fault begins in himself, as always continues to make mistakes, and therefore the blame what they see around you.
We have to get through this bad state of mind.
Learn from the mistakes (with your errros).
About this broker I can say that until the date is serious, do not have the best spreads, we can not have everything.
Good trades to all.
  • #624
  • Mar 22, 2016 8:57am Mar 22, 2016 8:57am
Quoting suneth2
But if you have take a profit target on 1.4511 - 1.4512 that will not hit by broker, but they hit your buy stops around 1.4515 it definitely hit, not sure how they doing, may be they send different spreads for different user accounts. not only HF this doing by most of brokers.
I had a feeling several times that market is one big "intelligent" brain that knows ahead my intentions and cheat me. If you place your orders on some popular key levels or round numbers (or they're attached to some particular fundamental event or technical pattern) smart traders can easily trigger them and then drive you to the losses. Same applied to SL's. That's why try to think and trade not as the crowd does.
LS.
  • #625
  • Mar 24, 2016 4:52am Mar 24, 2016 4:52am
Quoting piupiu
The traders (we) make mistake after mistake, after humans always tend to blame everything that surrounds it, but can not see that the fault begins in himself, as always continues to make mistakes, and therefore the blame what they see around you. We have to get through this bad state of mind. Learn from the mistakes (with your errros). About this broker I can say that until the date is serious, do not have the best spreads, we can not have everything. Good trades to all.
I see you trading with HF, just wondering what's your account size? Checked your trading journal and looks very good.. Have you thought about opening PAMM accs?
  • #626
  • Apr 1, 2016 10:38am Apr 1, 2016 10:38am
Working with the HotForex since its inception in 2010, noted that the support has been decreasing its quality in the timeliness of its responses. To date paid, relationship with partner quite differently than with traders. The partner is welcome to capture customers only, deficiencies in calculations rebate, not timely resolution of small bureaucracies. So in my opinion the support is not positively correlated with the Broker's customer growth.
  • #627
  • Apr 2, 2016 3:14am Apr 2, 2016 3:14am
Went the length to try NFP this week with Hotforex - Really staggered with execution quality this time. The size was 1 lot and I just jumped in the very heat during first seconds then played on bouncebacks. This first bearish candle on EUR/USD was crazed jumped sell in the middle managed to grab some good $$. Hope there will be more such news turmoil cuz IMO it was easy to catch apt moments for entry, especially on pullbacks.
Here is the screenshot of my trades
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2016-04-02 at 12.10.10 AM.png Size: 15 KB
  • #628
  • Apr 2, 2016 3:54am Apr 2, 2016 3:54am
Quoting leebsurag
Went the length to try NFP this week with Hotforex - Really staggered with execution quality this time. The size was 1 lot and I just jumped in the very heat during first seconds then played on bouncebacks. This first bearish candle on EUR/USD was crazed jumped sell in the middle managed to grab some good $$. Hope there will be more such news turmoil cuz IMO it was easy to catch apt moments for entry, especially on pullbacks. Here is the screenshot of my trades {image}
This orders are not from hotforex ok!! comission of 4,... is not hotforex.
  • #629
  • Apr 4, 2016 1:41am Apr 4, 2016 1:41am
oh sorry its from another broker I trade with, just make many screenshots of my trading progress. will upload it with Hotforex’ one later.
  • #630
  • Apr 12, 2016 11:22pm Apr 12, 2016 11:22pm
Where can I check hotforex daily or weekly trading volume guys? I see other member can track trading volume of most brokers.
  • #631
  • Apr 13, 2016 12:38am Apr 13, 2016 12:38am
Quoting hoangforex
Where can I check hotforex daily or weekly trading volume guys? I see other member can track trading volume of most brokers.
Good question. Remember I saw on HF website a plugin which shows bulls VS bets on such instruments like EUR/USD, Oil, GBP/USD etc. Though I can't say its true or not. But regarding some in-platform solution doubt you can find it as forex instruments are not exchange-traded so now accurate volume can be found for them..
  • #632
  • Apr 27, 2016 11:27am Apr 27, 2016 11:27am
I have been using them for almost 5 months. Had only a few withdraws there, but processed in specified time. Although order processing is not the fastest and there is nothing outstanding, they are normal average broker. Generally, good for trading.
  • #633
  • Apr 29, 2016 12:08pm Apr 29, 2016 12:08pm
Quoting Ensperado
I have been using them for almost 5 months. Had only a few withdraws there, but processed in specified time. Although order processing is not the fastest and there is nothing outstanding, they are normal average broker. Generally, good for trading.
Hey what type of trading account are you using with them?
  • #634
  • May 2, 2016 12:05am May 2, 2016 12:05am
Quoting leebsurag
{quote} Hey what type of trading account are you using with them?
Hi. Already not using. Although I think there I saw no indications of dishonesty from them, spreads are not the best as for today and processing of orders is not very impressive to the time I quit them
  • #635
  • May 2, 2016 3:21am May 2, 2016 3:21am
yeah hotforex is a decent broker, though its one of two brokers i trade but most my funds are at hotforex, i dont scalp much, usually swings on xauusd, this year is more about gold and oil.
  • #636
  • May 7, 2016 3:30am May 7, 2016 3:30am
Quoting jiggz
yeah hotforex is a decent broker, though its one of two brokers i trade but most my funds are at hotforex, i dont scalp much, usually swings on xauusd, this year is more about gold and oil.
Hey guys I wonder if there are any instant withdrawal options? What about HF debit card, anybody tried it? Any special ATM fees?
  • #637
  • May 9, 2016 1:27am May 9, 2016 1:27am
Im personally using the Skrill debit card, in my location there is a 4-5 USD withdrawal fee from any international debit cards, thats normal for bank/atm transactions, I have seen in some countries like malysia they do have or had a hotforex debit card, Ill have to ask support about it if it makes withdrawin a lot easier. there was a time when they offered the payoneer option but they do not have it anymore. but in the end the skrill process is pretty convenient, i mean i withdraw to skrill in about 24 hours, and can withdraw in my local currency from any ATM using the skrill card.
  • #638
  • May 9, 2016 5:54am May 9, 2016 5:54am
I personally using skrill and I guess it is quite popular ewallet to make easy deposits and withdrawals to your broker.
  • #639
  • May 9, 2016 10:55am May 9, 2016 10:55am
Compared to other brokers GBPUSD seems have high spread on HF http://www.myfxbook.com/forex-broker-spreads anyone know what is the reason for that ?
And i have another question, is the hot HF is a ECN broker market maker ?
Failure is not failure if you learn from it...
  • #640
  • May 9, 2016 11:17am May 9, 2016 11:17am
Quoting suneth2
Compared to other brokers GBPUSD seems have high spread on HF http://www.myfxbook.com/forex-broker-spreads anyone know what is the reason for that ? And i have another question, is the hot HF is a ECN broker market maker ?
The gbp problem is the sell swap. Same with buy swap in Eur. Too high
Try don't lose pants never...
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