forexsystemsblog
forexsystemsblog
Forex systems blog
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forexsystemsblog · 6 years ago
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HotForex broker opinion
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Before giving you my opinion about this broker we will see what it is about and what features it has. Of course he promises a lot because he is one of the most complete brokers in the international scene.
HF Markets is the new name of the HotForex broker in Europe, a forex broker and CFDs originally from Cyprus and also operating from the United Kingdom. In the international subsidiary it continues to use the name HotForex.
This broker is regulated by the CySEC and the English FCA.
It is also a broker with subsidiaries in Mauritius, the Seychelles (FSA) and in South Africa (FSCA), having regulations in all those countries as well.
It is in the subsidiaries where international accounts can be opened that are not affected by the ESMA, and for example, traders in Latin America and Asia can enjoy greater leverage and even offers.
Client funds are separated into segregated accounts.
This is one of the most popular ECN brokers in the Forex market, because it has very good spreads, in addition to having a large number of products and services. More information on HotForex and its services: HotForex Broker Review 2019
Opinion of HF Markets & HotForex
As we can see, it is a very complete broker with a huge range of services both internationally and regionally, whether you are a customer from Latin America or Spain. Obviously those in the global region have much greater choice. For example, the leverage of up to 1000 to 1 is light years away from that offered in Europe, although it is not necessary so much, there are people who like to operate like this.
The issue of the change of brand is curious because it went very well to Hotforex, but the name did not stop sounding a little "spammy" to say it somehow. With the new name the broker shows that it is not only Forex what it offers but a global trading service that ranges from currencies to cryptocurrencies, through stocks, copy trading and much more. I think it's a wise long-term decision.
As for promotions, it is a leading broker among those I have seen around the world. If that is what you are looking for and you are not in Europe, this is one of the brokers where you will find more products.
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forexsystemsblog · 6 years ago
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What is a Forex Trading System?
A trading system is a strategy to invest in financial markets. Strategies are many, from a simple cross media, to very complex mathematical algorithms. But the important thing is not its complexity, but the results obtained using the strategy. A strategy becomes a trading system when we can program it and in this way analyze its results.
Forex trading strategies can be of two types:
Manual strategy: It can not be programmed, because it does not maintain a concrete method that can be repeated in an identical (systematic) way, under the same conditions. These strategies usually depend on the instinct of the investor and can depend on many factors, including the state of mind at the time of applying it. By not being able to program it, we can not analyze the historical and we can not know if in the medium / long term it is a winning strategy. We can only know if the strategy is bad, looking at the balance of our account. These types of strategies, because we can not program them, we can not consider them as trading systems.
Mechanical strategy: It has a concrete method that we can repeat in an identical (systematic) way, under the same conditions. We can program it and it allows us to analyze all the history in a minute. We can know which situations are favorable and which are not. We can modify the strategy to correct its failures before starting to operate and, above all, it allows us to discard strategies that simply looked good, but when applied to a history we realize the opposite. This is a Trading system.
A mechanical strategy, once its parameters are adjusted, can be automated so that it sends the orders to the market directly, without the intervention of the investor being necessary. This allows us a quick execution of the orders and a significant saving in slippage. When an investment strategy is automated, we consider it Automatic Trading System
You can get more information about trading systems here: Forex trading systems
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