How To Trade Liquidity Voids Using Liquidity Zones in HotForex
Liquidity voids happen all the time in forex. And when they happen, they hardly leave without creating trading opportunities. We discuss how to trade them in this article.
Saving For Retirement With HotForex
When should you start thinking about your retirement? Should you devote your youthful years preparing for a comfortable end? Here’s the shocking truth about the cost of retirement and the sacrifices made for a financially secure future. Before reading the facts and figures below, please keep in mind that trading currencies on the foreign exchange market offers no guarantees of profit. FX News does not suggest that trading is a solution to your retirement needs.
What is Day Trading? How to Get Started for Beginners in HotForex
Learn how to day trade online with our day trading for dummies guide. There are six things every beginner should know before starting day trading stocks. Everything you need to know about day trading is going to be revealed through this day trading for beginner's guide. In this day trading tutorial, we’re going to give you six day trading tips that will teach you how to day trade stocks. Day trading is a legitimate career that can give you freedom from your regular 9 to 5 job. We created this day trading for dummies guide so you can avoid the most common mistakes novice traders tend to make. We'll dive into day trading basics, plus more advanced strategies. So, you want to learn how to day trade? Let’s start by answering the first basic question: What is day trading? See below:
What is a Forex Trading Plan? - A Complete Guide to Develop Forex Trading Plan in HotForex
There is a fine line between success and failure when it comes to forex trading and a forex trading plan is something that can tilt the scales in favour of one or the other. Considering the fact that every decision you make when you trade in the forex market translate to either success or failure, you want to be able to implement a method or a formula that is engineered to minimise the risk of loss and help you become successful in your own accomplishments and the goals you have set. A forex trading plan is what many traders appreciate as a helping hand and a trusty guide in their trading activities. In fact, many will predict your failure as a trader just because you don’t stick to your own personal and tailored forex trading plan.
How Much Money do Trader Make from Forex Trading in HotForex
Beginner traders commonly ask, “How much money can you make in Forex trading?” $500 per month? $2,000? $10,000 or more? Theoretically speaking, the answer is “As much as you can handle”. Sounds good? Well… not quite. You see, in practice this question has little significance because a trader’s monthly income is rarely consistent.
Forex News Trading Strategy - How to Trade The News in HotForex?
Forex news trading is probably one of the most exciting forms of trading because it can produce instant profits and instant gratification. Our team at Trading Strategy Guides has been getting lots of questions in terms of how to trade around big Forex news events. Through this news trading strategy guides, you’ll learn how to trade the Non-Farm Payroll Report (NFP), FOMC, central bank interest rate decisions and any big Forex news events. What you’re about to learn throughout this Forex news trading guide is extremely valuable because there are a tiny, tiny few traders in the entire world who apparently are able to correctly trade the news. This has the potential to completely change the way you see Forex news trading and how to make money trading. Before diving more into this Forex news trading guide you can check out 2 key invaluable tips that will help you make money in the long run There are many misconceptions about Forex news trading, but we’re here to debunk all the myths. Let’s move forward and debunk one Forex news trading myth at a time.
A Day In The Life Of A Successful Forex Trader in HotForex
Until recently, forex trading inspired fear and mistrust for many people not familiar with the financial industry. The “day-trading Australia” crowd are not very vocal about the benefits they enjoy, so trading is still quite overlooked (as either a full or part-time activity) for the vast majority. But all of that is changing. Not so long ago, trading opportunities that came with currency-pairs and stocks were only available to big businesses and fat cats in suits working in glass tower offices. Anyone who wanted to trade full-time needed a specific education. Because of that, people still believe that a day-trader needs a financial degree to make money trading the markets. Let’s be clear, to trade the global markets you don’t need previous experience in finance. Trading is an opportunity that exists for just about anyone these days, and it has gained popularity year by year. Thanks to advances in personal computing and internet connections, the global market is readily available to anyone with a credit card or eWallet. And, with the creation of mobile trading apps, trading has become more than just a chance to make money from home. Whether part-time or full, being a trader has become an exciting activity and opportunity for many people. These traders check the markets and place orders daily, and they enjoy this unlimited access anywhere, anytime. And the best part about getting started these days is that you can practice risk-free on a demo account. After a while, once your confidence level rises, you can trade at increasingly higher levels, all the while keeping within a budget that matches your financial situation and future goals. Too good to be true?
HotForex Passive Income Ideas To Help You Make Money
Are you set for life? Do you already have a passive income or a plan to finance your retirement? The days of state pensions are long gone. Just how would you pay for “life” if you stopped working tomorrow? How long could you last? And what would you do with that free time? For most of us, it’s a ‘work till we drop’ world. It’s up to us to find a little gold for our golden years, but how much do you need to retire without worries? Not so long ago, the magic number was $1 million. Reaching millionaire status by forty was once considered a ‘set for life’ situation for most people. Nowadays, that number is more like $5 million.
Making Time for Trading Schedule in HotForex
One of the biggest issues people come across when trying to improve their income or quality of life is finding the time to get things done. A modern lifestyle allows for very few activities outside the usual sleep-work-weekend routine. It’s not impossible. There are ways to make time to expand your knowledge and enjoy trading, and this article will show you how to find extra hours in your week to devote to the pursuit of profit with a trading schedule.
How to Make Money from HotForex Without Trading
When you deal with the Forex market you may have to profits or losses. Sometimes the losses are too much. Therefore inexperienced people may not be willing to engage in Forex trading long term. Many people are asking to question “how to make money in Forex without actually trading”. Let me explain to you how to make money from this, There are several ways for this, However, in here I’ll introduce to you three methods to get to know in this as well as that is known by many different names, it is called copy trading, be a Forex broker, affiliate program and comments, review and posts on various information portals. Below you will find in detail description of these 3 methods. By studying the following methods you will get a better understanding of this.
What is the Best Time of Day to Trade Forex Markets with HotForex
The Forex market is a specific financial market that trades over-the-counter. This means that there is no centralised exchange involved in the settlement of Forex transactions, like in the case of the stock market, and Forex market participants trade more or less directly with each other. There are certain benefits with over-the-counter markets such as Forex, including the ability to trade around the clock as the market doesn’t depend on the open market hours of a centralised exchange.
How Much Money Do I Need to Start Forex Trading with HotForex?
To trade on a financial market, you need capital. Capital is used to buy an instrument if your analysis shows that its price could increase in value, eventually leading to capital gains and a profit for the trader. The Forex market is no different – in order to start trading currencies, you need to invest a certain sum of money with your broker which is then used to buy and sell currencies. The amount invested has a direct impact on the amount of profits you can make, as larger trading accounts can open larger position sizes than smaller trading accounts (given the same amount of leverage). We will tackle the important question concerning the minimum amount of money needed to trade Forex in the following lines, and show you that there is no universal answer that applies to all traders.