HotForex feedbacks!

[inggo]

yeah the webinars are good, some advance some are basic, and there is the option to view them if any one missed them, and its for both demo and live account holders

 

[inggo]

yeah, webinars seems to be the trend and visoal and audio is the best way to learn to most, than reading.

 

[Forex Trading Channel]

Definitely. It is easier and more effective to learn with visual and audio. It's not a coincidence that youtube is so successful and so many people use videos nowdays to send their content.

 

[inggo]

gold is going side ways after the last payroll release, stuck at the 1082-1083 range, and im losing big LOL, its the lowest its been in a couple of years if im not mistaken, but its an over reaction in my opinion, we should see some corrections soon, hopefully before december.

 

[jellyeb]

gold is going side ways after the last payroll release, stuck at the 1082-1083 range, and im losing big LOL, its the lowest its been in a couple of years if im not mistaken, but its an over reaction in my opinion, we should see some corrections soon, hopefully before december.

Are you a swing trader and hold positions overnight? What lot size do you use to trade gold? And what about Hotforex account?
Thanks in advance..

 

[inggo]

i leave my trades go for days, if not weeks, currently i have two trades going on (both at lose LOL) but its ok, usually nothing big 0.05 - 2 lots with a 1:500 leverage, I never go over board, nothing too crazy..

 

[jellyeb]

That's good you can pick right risk on your trade. Still learning how to do that as sometimes enter with 1-2 lot trade in sideline market what's not very good.

 

[inggo]

a side ways market can be stressful, thats what got me on the 1080 market, i lost big with market fluctuating, but over all Nov is still postive any way! its not easy to predict, though i tend to be hard headed with all signs pointing that the market will drop. im waiting for december lets see if gold will correct and come back to the 1090-1100 levels

 

[jellyeb]

a side ways market can be stressful, thats what got me on the 1080 market, i lost big with market fluctuating, but over all Nov is still postive any way! its not easy to predict, though i tend to be hard headed with all signs pointing that the market will drop. im waiting for december lets see if gold will correct and come back to the 1090-1100 levels

Well not sure, cuz FED is going to rise interest rate which will cause outflow of investment bucks from gold. I expect gold to drop to 1030 at time of the announcement of FOMC decision at 16 of December..

 

[Enivid]

@jellyeb, That's seems to be a likely scenario. I would also add that gold may bounce following the Fed decision on "buy the rumors - sell the news" psychology, but that would be only a short-term correction.

 

[jellyeb]

@jellyeb, That's seems to be a likely scenario. I would also add that gold may bounce following the Fed decision on "buy the rumors - sell the news" psychology, but that would be only a short-term correction.

But from the other hand, we have this https://en.wikipedia.org/wiki/Efficient-market_hypothesis, though I still believe "safe heavens" assets stocks and gold will respond with a drop.

 

[garena]

@jellyeb, That's seems to be a likely scenario. I would also add that gold may bounce following the Fed decision on "buy the rumors - sell the news" psychology, but that would be only a short-term correction.

This sounds new to me and I agree with it, but could that psychology apply for major pairs?

 

[Enivid]

This sounds new to me and I agree with it, but could that psychology apply for major pairs?

Why not? It applies to every traded asset, in my opinion. Traders overestimate the power of some event/indicator, and when it finally reaches the market, the price goes in the opposite direction.

 

[jellyeb]

Any news you can suggest us apart of NFP?

 

[inggo]

NFP is one release that i personally avoid, lol can add much about it, if you are going to trade it make sure you fully understand how it fluctuates

 

[jellyeb]

Well you can be on the safe side with low lots, Hotforex micro platform is good enough to fill them practically without slippage (talking about 0.03-0.08 lots)

 

[garena]

I always trade <= 0.03 lot, it requires low fund. Safer trading is my goal in this industry.

 

[inggo]

0.01-0.05 is my range thats more than enough, just closed a trade on xauusd on 1130 with hefty good profit

 

[jellyeb]

0.01-0.05 is my range thats more than enough, just closed a trade on xauusd on 1130 with hefty good profit

Congo, Good one. I'm waiting for Gold Pullback but with world market collapse seems it won't happen soon. Fed is going to tighten policy so gold rally becomes more and more imaginary for me

 

[garena]

I don't trade for a month, it's holiday at my country and seems no good expected news to trade on Eur/usd, my favorite.