HotForex feedbacks!

Discussion in 'Forex Brokers' started by Johny, Jan 5, 2011.

  1. ashouq

    ashouq Active Trader

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    In my opinion this bitcoin will go more than 10000 usd this year end or even more because i also heard amazon is going to add it as a payment method however there are majority of others who think that it is only a bubble which can pop too but till then we can make good out of it in forex trading.
     
  2. inggo

    inggo Master Trader

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    we have i would say abour 30 more days, when DEC hits, the market will quiet down a bit, its the holiday season, expect a return in the second half of january, BUT if the predictions are correct, then by july/august next year it will go further into the 20 thousand mark.
     
  3. jellyeb

    jellyeb Active Trader

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    OMG such bold forecasts, I think bitcoin is our future but its growth will happen at slower pace as, biggest part of attention from the world has been already priced in :)
     
  4. jellyeb

    jellyeb Active Trader

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    Anybody knows where Hotforex gets liquidity for bitcoin CFDs? Is there single LP for all FX brokers that offer BTC trading?
     
  5. Enivid

    Enivid Administrator Staff Member

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    Forex brokers normally provide CFD for Bitcoin. The maximum they do is hedge their traders' net position on one of the exchanges.
     
  6. jellyeb

    jellyeb Active Trader

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    So basically forex brokers deal with exchange to provide us with crypto services. Alright thanks for information
     
  7. inggo

    inggo Master Trader

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    so thats how it is.. i dont wana sound kinda I guess witless lol but i have been trading for so long and its still amusing how everyday you get to catch something new or atleast be refreshed about it :)
     
  8. ambitionfx

    ambitionfx Trader

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    So in general, can we trade cryptocurrencies as BTC, Etherum with this broker? Is trading normal as other currencies or CFDs?
     
  9. inggo

    inggo Master Trader

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    yup thats basically it. though i guess the crypto market is kinda quiet compared to lastyears frenzy lets by by the 3Q of this year.
     
  10. samtrader@fx

    samtrader@fx Newbie

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    I was with HotForex about 2 years back. No issues as such but I wanted to trade cryptocurrencies which they were not offering at that time. Heard they introduced crypto trading last year. Anyway so I started looking for other brokers and came across Coinexx, Finpro Trading which let me trade cryptos through CFD along with Forex and other segments. Apart from these Simple FX and FX Open are also decent brokers. And I forgot to mention all of these accept US clients
     
  11. jellyeb

    jellyeb Active Trader

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    So what do you think now about BTC? It heads to 5000 in my view and there we can see some strong resistance and purchases from big players
     
    Ary Barroso likes this.
  12. Ary Barroso

    Ary Barroso Active Trader

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    Maybe, and I am also expecting buy move as like last year. I have couple trades here since 2016.
     
  13. Enivid

    Enivid Administrator Staff Member

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    I hope you mean support, not resistance at 5000. Currently it is trading quite well above 6000. Although I am quite optimistic towards Bitcoin overall, my own technical analysis points to a downward trend for the near future.
     
  14. Ary Barroso

    Ary Barroso Active Trader

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    On your analysis, there is only a fresh chart with 2 trend lines, no additional descriptions. I am seeking relevant words in there.
     
  15. ambitionfx

    ambitionfx Trader

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    I see some good signs of Bitcoin recovery after a long fall, 7000 is possible new resistance.
     
  16. Ary Barroso

    Ary Barroso Active Trader

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    So, what’s your final expectation actually? Can we get 20,00$ price as like last year?
     
  17. jellyeb

    jellyeb Active Trader

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    Of course probably in the couple of years. For now its' better to make money on its wild swing and this broker offer nice opportunity for that.
     
  18. Ary Barroso

    Ary Barroso Active Trader

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    That’s really great! Nice to know your success! On the other hand, I am a swing trader too. Besides, I like to trade in high voltage news session.
     
  19. jellyeb

    jellyeb Active Trader

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    May I know what's your favorite news event that creates best trading opportunities for you?
     
  20. inggo

    inggo Master Trader

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    speaking of btc, i think we are gonna have it floating around the 7k mark for a while, i guess the highest since july was on its 3rd week when it hit the 8.25k mark, and went back to around 6k and steadily back to 7k. on a weekly chart I cant say for sure, but it seems to stick between 8k nad 6k for the time being. could the craze be over? hmmm
     

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