Hot Forex

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Correct. I think before investing money on some broker, at least you need to look for user reviews first and see how it went for them. It would also never hurt if you can read about payment proof.
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w3c said:
this broker was recommended to me by a fellow trader, im kinda new, is there anything i should look out for as a new trader?
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Beware the retail FX market. It's full of sharks, Whoever you choose to go with make sure they are a well regulated broker, award winning brokers help, have tight spreads as these will chew into your PnL like crazy, have segregated accounts, have no problems withdrawing your cash.
 
camil7 said:
Beware the retail FX market. It's full of sharks, Whoever you choose to go with make sure they are a well regulated broker, award winning brokers help, have tight spreads as these will chew into your PnL like crazy, have segregated accounts, have no problems withdrawing your cash.
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thanks camille, i will keep that in mind!! Im on demo for now and things seem ok.
 
Any of u guys have experience with hotforex? I need to know about their execution, news trading and scalping rules if any. Thanks guys


:)
 
I do have a small account with them for a a year or so, its a good broker, I wont recommend news trading in general unless you know what you are doing, but the execution is good, some an avoidable slippage but its a lot better than others, during news releases, scalping is allowed, I guess the only thing most brokers dont allow is arbitrage bots. so there you go best of lcuk
 
elt4x said:
Any of u guys have experience with hotforex? I need to know about their execution, news trading and scalping rules if any. Thanks guys


:)
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I have been trading with this broker for 6 months, I have a premium account there and I had a better experience than my previous brokers. It offers fast execution and free TA signals from Trading Central but I use FA. It allows you scalp but you should reas terms before opening account there if you want to use the bonuses they offer.
 
one thing i learnt in investing in general is "only invest money you can afford losing" its a rule of thumb, if you have that money and you dont really need it then by all means go ahead, larger investments lessen the risk and get higher profits. i cant affort it honestly so i dont think I can but i really would love to if given the chance :)
 
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