HotForex

[dangtrader]

Originally Posted by vmusci87

I don't use Payoneer but according to the fee charged by the service, it's worse than Skrill and Paypal.

What about new instruments Hotforex introduced? Anybody tried them?

[vmusci87]

What about new instruments Hotforex introduced? Anybody tried them?

what is new instrusment, I advise you to trade with most stable assets instead of finding chance in new things. I am trading mostly on E/U I earn some profit.

[HFblogNews]

Date : 29th July 2015.

CURRENCY MOVERS OF 29th July 2015.

EURUSD, Daily

EURUSD, Since the recent advance through the upper daily chart channel line was penetrated, and the fact that price remains within a 12 month decline, a further corrective bounce for medium term traders towards the 1.1220’s should not be ruled out. We will likely witness a potential breakdown back towards the 1.0870’s, ahead of my longer term price projection near the 1.0750’s. Swing traders with a short term view may look for price to return towards the 1.0970’s before flipping to the long side for a retest of the 1.1120’s.

The EUR has been trading off of the back of positive data this week, as German business and consumer confidence data came in firmer than expected; earlier today the German July Gfk held unchanged from June at 10.1. The consensus had been for a slight dip, to 10.0. High employment and expectations for higher pay underpinned the report. The EURUSD price advanced from Monday’s solid German Ifo results may consolidate ahead of today’s U.S. FOMC Statement.

Traders are waiting on the FOMC in the U.S., which concludes its two-day meeting today. No surprises are likely, and while the overall tone is expected to be more upbeat than the previous FOMC in June, the Fed is not likely to commit to a September rate lift-off. This is due to key data releases, concerns about China’s financial markets and Greece, and given recent oil price declines.



29 TB V2 2015-07-29 11:36:19

Currency Pairs, Grouped Performance (% change)

The new Currency Movers Charts show the percentage change from previous day’s close to the current moment against the other major currencies.

The GBP is trading firmer against the AUD, CAD and the NZD after better than forecast GBP Net Lending to Individuals’ data were released today.

The AUD and the CAD trade lower against most pairs, as commodity prices continue to seek a bottom.

Significant daily support and resistance levels for these pairs are:

29 CM 2015-07-29 12:13:26

Main Macro Events Today

• EUR Gfk German Consumer Climate : The July Gfk consumer confidence came in firmer than expected, holding unchanged from June at 10.1,though concerns about Greece’s potential impact on the German economy remained a negative, according to Gfk.

• USD FOMC Statement: No surprises are likely, and while the overall tone is likely to be more upbeat than the previous FOMC in June, it’s widely anticipated that the FOMC will be moderately net bullish for the dollar.

29 EC 2015-07-29 10:26:28

Please note that times displayed based on local time zone and are from time of writing this report.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work.


John Knobel
Senior Currency Strategist

HotForex

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

[HFblogNews]

Date : 3rd August 2015.

CURRENCY MOVERS OF 3rd August 2015.

EURUSD, Daily

EURUSD, continues to seek support from buyers as price remains above the downward channel line. The EUR found support around the 1.0920’s, as the USD dropped on Friday following weaker than expected U.S. Q2 ECI data. In my July 29th analysis, I reported that EURUSD price “may return towards the 1.0970’s, before flipping to the long side for a re-test of the 1.1120’s.” The fact that recent price action has exceeded the 1.0970’s to test and establish a higher low at 1.0920 from the July 20th low of 1.0808, opens up a renewed recovery towards the July 27th 1.1120’s resistance area. Price may now attempt to extend the recovery to the 1.1220’s before resumption of the multi-week decline.

Friday saw better EU inflation data as inflation remained stable at 0.2%, although, it was weaker than U.S. employment data, which sent the EURUSD sharply lower. The move was seen by the market as overdone and the EURUSD quickly made it back to test the 1.10’s.

The U.S. Fed funds median still shows a 25 bp rate hike in September, Key reports are on tap this week, including payrolls, PMIs, income, and spending.

Currency Pairs, Grouped Performance (% change)

The Currency Movers Charts show the percentage change from previous five day close to the current moment against the other major currencies.

The GBP is trading firmer against the majors on the back of accelerating UK GDP data.

The CAD trades lower against most pairs, as Canada missed GDP expectations.

Main Macro Events Today

• UK Manufacturing PMI: There is downside risk after last week’s July CBI industrial trends survey unexpectedly declined to a -10 in the realized sales reading, which was the weakest since July 2013, reflecting the UK manufacturing sector’s sensitivity to the prevailing trade-weighted strength of the pound.

• USD Manufacturing PMI: July ISM will be released today and it’s expected that the headline to remain steady at 53.5 (median 53.8) for a second month.

Please note that times displayed based on local time zone and are from time of writing this report.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work.

John Knobel
Senior Currency Strategist
HotForex

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

[HFblogNews]

Date : 4th August 2015.

CURRENCY MOVERS OF 4th August 2015.

EURUSD, Daily

EURUSD, continues to trade within a multi-week downtrend; this is confirmed by the fact of lower tops and bottoms on price. The failed attack on the 31st of July to break above the 1.1120’s also supports the view that the bears are in control of the medium term EURUSD market. However, for the moment, price seems to be consolidating between a tight range within the 1.0920’s and 1.0970’s with traders seeking direction from the U.S. NFP release, due out on Friday. Technically, I would like to see price hold above the 1.0810’s – 1.0920’s after the upcoming NFP release for a potential short term price recovery to re-visit the 1.1220’s, before resuming the multi-week downtrend to reach my target price near the 1.0750’s.

The EU Outlook was revised down to negative from stable by S&P. The ratings agency is worried about the EU’s continual use of the balance sheet to provide higher risk financing to members without the members paying in capital.

The U.S. Market ISM manufacturing index inched up to 53.8 in July, from a 20-month low of 53.8 in June. This is the first pick up in manufacturing activity since March, but is the slowest pace of purchasing activity in 18 months. U.S. personal income rose 0.4% in June with spending up 0.2%, a little better than forecast; however, May’s 0.5% income gain was revised down to 0.4%.

Currency Pairs, Grouped Performance (% change)

The new Currency Movers Charts show the percentage change from previous day’s close to the current moment against the other major currencies.

The AUD is trading firmer against the majors on the back of a RBA statement that droped the call for more depreciation.

Significant daily support and resistance levels for these pairs are:

Main Macro Events Today

• GBP PMI Construction: Unexpectedly declined to 57.1 in July from June’s 58.1. The median forecast had been for an improvement to 58.5. At 57.1, the survey still points to continuing robust expansion in the sector, while incoming mortgage and house price data suggest that underlying conditions remain solid.

• USD Factory Orders: The forecast calls for a 0.8% increase from the previous -1.0%.

Please note that times displayed based on local time zone and are from time of writing this report.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work.

John Knobel
Senior Currency Strategist
HotForex

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

[HFblogNews]

Date : 5th August 2015.

CURRENCY MOVERS OF 5th August 2015.

EURUSD, Daily

EURUSD, closed sharply lower on Tuesday in the wake of fresh comments from the U.S. Fed’s Lockhart who suggested that “upcoming U.S. economic data would have to disappoint significantly to get the FOMC to delay a tightening in September.” The market reacted to the hawkish comments with the fresh buying of U.S. dollars, accelerating the downward pressure on the EURUSD pair. Now that the EURUSD has broken through the support turned resistance area of the 1.0920’s, and the fact that price has failed to hold a new higher low above the 1.1120.s, as well as, bearish momentum oscillator analysis, this leads me to hold firm my view that EURUSD prices will continue to trade firmly lower within the multi-week downward price channel towards my target area near the 1.0750’s over the coming days.

As the interest rate spread between the USD and the GBP against the EUR widens, and the expectation that the U.S. and the U.K will begin to raise rates, further supports the buying interest in the U.S. dollar and the British pound in the near term. Traders should also take note of the recent hawkish comments from the BoE and the Fed board members who have been dropping clues of pending rate hikes.

The AUD made a large move on Tuesday following better than expected trade and retail sales data, and then a change in language in the RBA statement following the anticipated decision to leave the cast rate at 2.0%. The Board said in its statement that “the Australian dollar is adjusting to the significant declines in key commodity prices.” The AUDUSD rallied nearly 165 pips on the statement.

Currency Pairs, Grouped Performance (% change)

The new Currency Movers Charts show the percentage change from previous day’s close to the current moment against the other major currencies.

The GBP is trading higher against the majors as the latest PMI data continued to show solid growth. The AUD is retracing lower after yesterday’s strong advance.

Significant daily support and resistance levels for these pairs are:

Main Macro Events Today

• EUR Services PMI: The services reading was revised to 53.9 from 53.8 and the composite to 53.9 from 53.7. Overall, the Eurozone economy is so far showing resilience and data is consistent with the ECB’s assessment that economic activity continues to broaden.

• USD ISM Non-Manufacturing: July service sector producer sentiment is out on later today and should reveal a 56.0 (median 56.2) headline for the month, steady from June. Other measures of producer sentiment for the month have been mixed but should allow the ISM-adjusted average for July to maintain the increase to 53 that we saw in June.

Please note that times displayed based on local time zone and are from time of writing this report.

Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work.

John Knobel
Senior Currency Strategist
HotForex

Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

[dangtrader]

Originally Posted by vmusci87

what is new instrusment, I advise you to trade with most stable assets instead of finding chance in new things. I am trading mostly on E/U I earn some profit.

I mean Shanghai and US Dollar indices. Falling China stocks and rising instability on Asian markets give us good opportunity to benefit from them.

[vmusci87]

Originally Posted by dangtrader

I mean Shanghai and US Dollar indices. Falling China stocks and rising instability on Asian markets give us good opportunity to benefit from them.

If you went further like this, I think you can make a good benefit. Give it a try, but with exotic asset, the spread could be higher than majors.

[dangtrader]

Originally Posted by vmusci87

If you went further like this, I think you can make a good benefit. Give it a try, but with exotic asset, the spread could be higher than majors.

Nah, I checked them, spreads are quite acceptable for that instruments comparing to other brokers. US Dollar Index seems to be very interesting instruments as it rounds up major USD/XXX pairs (something of average value of all of them if I'm not mistaken)

[dangtrader]

Guys, anybody trading on falling China stocks? What can you suggest me to trade - up or down?
Heard that we should buy at the bottom, but the questions is have we reached it?
Please advice.

[dangtrader]

Originally Posted by dangtrader

Guys, anybody trading on falling China stocks? What can you suggest me to trade - up or down?
Heard that we should buy at the bottom, but the questions is have we reached it?
Please advice.

Seems China's great decline is over...going to switch on my regular premium account tot trade majors. What about you guys?

[wuxiami]

Originally Posted by dangtrader

Seems China's great decline is over...going to switch on my regular premium account tot trade majors. What about you guys?

Great decline seems to end, maybe big rebound starts, I will continue to concern stock.

[dangtrader]

Originally Posted by wuxiami

Great decline seems to end, maybe big rebound starts, I will continue to concern stock.

Doubt about rebound but it can be dead cat bounce, we can see that Oil made that move last week and now its in downward movement again.

[avamia]

Hotforex is the most criminal minded broker I have ever trade with. They employ every strategies to steal peoples' money.
I lost $500 with this criminals.
Hotforex scammed me

[avamia]

At this moment, Hotforex is using new tricks to Steal Your Profits. When you are attempting to close your positions with
multiple lots In Profit, Hotforex Are Placing Your Lots in Pending section for EIGHT minutes. Your LOSS GOES in the
HUNDREDS. Don't even Try Speaking with Hotforex. They are the Casino. You don't have anything to say...
S.C.A.M

[dangtrader]

Originally Posted by dangtrader

Doubt about rebound but it can be dead cat bounce, we can see that Oil made that move last week and now its in downward movement again.

Guys anybody is going to trade ECB decision today? What's best lot size to choose for EUR/USD to find best balance between profits and volatility.

[vmusci87]

You should refer signal from other sections.

[jettmoore]

Hotforex is the most criminal minded broker I have ever trade with. They employ every strategies to steal peoples' money.
I lost $500 with this criminals.
Hotforex scammed me

[dangtrader]

Originally Posted by vmusci87

You should refer signal from other sections.

Yeah tomorrow FOMC minutes will take place so market volatility is expected. I think I will place some EUR/USD and USD/JPY trades on Hotforex ahead of the event, guess Fed Rate will be left unchanged and EUR/USD will continue to decline on EU QE program..

[sonamlocus]

I have tried hotforex demo account and am not satisfied , they close trades automatically and cancel pending orders without reason even in demo account.Today i made trade it was closed automatically on loss further more one of my order which was on a peak when market hit that point was canceled. I wonder why would some one use such a terrible broker.
So i will give it one star there should be some thing like zero star for this broker.

[dangtrader]

Originally Posted by dangtrader

Yeah tomorrow FOMC minutes will take place so market volatility is expected. I think I will place some EUR/USD and USD/JPY trades on Hotforex ahead of the event, guess Fed Rate will be left unchanged and EUR/USD will continue to decline on EU QE program..

Guys I need your feedback on their fixed spread account? Do they really offer fixed spread account? What about news events trading? Do they charge some commission instead or what?

[BillyHol]

All the Promotion are fake and their spread is too high.!!
DO not trust this broker!!
HOTFOREX IS BIG SCAM!!!!!!!!!!!!
Opened a real account with hotforex from past 3 month. Initially I deposited $300 and start trading. I got the required bonus also. I start trading and make a profit of $500 in a month. And then my account was disable without any reason. I asked them for the reason and they replied saying your account is in verification process. This is a only reason I can prove hotforex is a big scam

[nathandugan]

Hotforex give you bonus, when your account was floating negative, they will withdraw your bonus then all position will stop out because of not enough margin. Bad broker.

[tama13]

hotforex has a fixed spread account, but better check first, im trading a regular one, not much of a scalper anyway

[vmusci87]

Guys I need your feedback on their fixed spread account? Do they really offer fixed spread account? What about news events trading? Do they charge some commission instead or what?

you should ask the CS first, from my experience, this account doesn't charge any commission but that means the spread is only fixed not tight.

[dangtrader]

Originally Posted by vmusci87

you should ask the CS first, from my experience, this account doesn't charge any commission but that means the spread is only fixed not tight.

Yeah I made an inquiry to their support and they cleared up how their fixed spread account works, pros and cons.. so choice has been made I decided to stay on zero spread account.

[vmusci87]

Just lost 1k last week because of Cable. Anyone knows a good PAMM to invest, small profit monthly is enough.

[dangtrader]

Originally Posted by vmusci87

Just lost 1k last week because of Cable. Anyone knows a good PAMM to invest, small profit monthly is enough.

I can recommend you Bihu Capital in v2 Hotforex Pamms, they have good R/R ratio and provide good profitability for over 1 year.

[vmusci87]

Do they use martingale strategies? Some PAMM have incredible profit in a few months with those strategies and empty as well.

[dangtrader]

They can use Martingale, but you have to clarify your concerns with them directly. They're quite responsive on questions from investors

[tama13]

hey guys there is an on going currency at hotforex thats worth looking at, prizes up to 40k place for first place and many more.

[vmusci87]

Originally Posted by tama13

hey guys there is an on going currency at hotforex thats worth looking at, prizes up to 40k place for first place and many more.

you meant a contest?

[mocharifin]

Originally Posted by vmusci87

Just lost 1k last week because of Cable. Anyone knows a good PAMM to invest, small profit monthly is enough.

Guys, if you have fund 1k, you can make it double and used it for trade.
Let's get deposit bonus 100% from Liteforex from NewYear promo.

[tama13]

One thing traders dont understand, a 100% bonus doesnt actually double your money, coz it comes with certain conditions, but the bonuses is used for equity and leverage and better off for smaller amounts in my opinion, hotforex does offer a 100% bonus too but personally im not a bonus person and yes hotforex is a good broker.

double 1k usd in forex is pretty much normal for such small account :) best of luck.

[wuxiami]

Originally Posted by tama13

One thing traders dont understand, a 100% bonus doesnt actually double your money, coz it comes with certain conditions, but the bonuses is used for equity and leverage and better off for smaller amounts in my opinion, hotforex does offer a 100% bonus too but personally im not a bonus person and yes hotforex is a good broker.

double 1k usd in forex is pretty much normal for such small account :) best of luck.

Than's right, I used 100% bonus for my small account before.

[dangtrader]

Originally Posted by wuxiami

Than's right, I used 100% bonus for my small account before.

Please bear in mind that using credit bonus is associated with higher risk of losing your own investments as well as increasing your profit potential. Hotforex Bonus T&S seems to be fair, volume requirement as well, but if you're newbie in this field I'd advice you to trade without bonuses first to understand risks

[vmusci87]

Originally Posted by tama13

One thing traders dont understand, a 100% bonus doesnt actually double your money, coz it comes with certain conditions, but the bonuses is used for equity and leverage and better off for smaller amounts in my opinion, hotforex does offer a 100% bonus too but personally im not a bonus person and yes hotforex is a good broker.

double 1k usd in forex is pretty much normal for such small account :) best of luck.

We should have a trading plan to acquire the bonus, I meant deposit lower to have easier conditions and trade to get it.

[tama13]

yup something like that! it should be planned, many traders end up with a misconception of bonuses. but ts all good

[vmusci87]

Anyone withdraw from Skrill these time? Paypal is getting stuck and I am worried Skrill same.

[wuxiami]

Originally Posted by vmusci87

Anyone withdraw from Skrill these time? Paypal is getting stuck and I am worried Skrill same.

I withdrawed from Skrill last week, it work normally.