Hotforex Bonus

There are three different types of hotforex forex bonuses, every with its own benefits.

Forex bonus isn't always straightforward though the conditions for every bonus differ. Bonus from broker to broker may be extremely profitable; however there are a few tips to consider increasing your chances of success with a forex bonus.

You should scan the bonus details and requirements before choosing bonus scheme and trading.

hotforex has three different types of bonus schemes

100% Credit Bonus

30% Rescue Bonus

50% Withdraw Bonus

50% Withdraw Bonus

The 50% bonus is a withdrawal bonus you receive on every deposit. You must trade 1 lot per $1 bonus received to complete the terms. You cannot lose this bonus while trading so if the equity on your account reaches the bonus amount your trades will be stopped out and the bonus removed.  In order to be able to withdraw the bonus you need to trade the same amount of USD dollars that you just have deposits in standard lots.

Forex Bonus

A Forex bonus is free money.  forex broker providing you with additional money to trade on its platform. There are many different types of forex bonuses, every with its own benefits.

 FxNet 35% Bonus on All Deposits

35% trading bonus on ALL DEPOSITS is meant to contribute to your trading success by making it possible to trade with an increased capital. Bonus can not be withdrawal led. The bonus is trade able only.

Bullish Harami Cross Candlestick

The bullish harami cross candlestick consists of a downward candlestick followed by a doji candlestick.

Look for a two candle pattern in a downward price trend. The first is a Bearish candle followed by a doji that fits within the high-low price range of the previous day.  The body of the first candlestick may be short.

Bearish Harami Cross Candlestick

Bearish Harami Cross is a two candle reversal pattern that is the same as the Bearish Harami , except that the second candle is a Doji . Bearish Harami Cross candlestick consists of a upward candlestick followed by a doji. The Bearish Harami Cross candlestick pattern consists of large bullish candle body followed by a Doji. It is considered a bearish pattern when preceded by a upward trend

Bullish Harami Candlestick

Bullish Harami is composed of a two candle formation. The bullish harami candlestick consists of a downward candlestick followed by an upward candlestick

The body of the first candle is a long body and is the same as the current trend and the second body is smaller. The second day opens higher than the close of the previous day and closes lower than the open of the previous day.

Bearish Harami Candlestick

The Bearish Harami candlestick consists of an upward candlestick followed by a downward candlestick

Bearish Harami is composed of a two candle formation with the body of the first candle is the same as the current trend. 

The first body of the pattern is a long body and the second body is smaller. The second day opens lower than the close of the previous day and closes higher than the open of the prior day.

It is considered a bearish pattern when preceded by an upward trend or when the market is over bought or at a degree of resistance. When a bearish Harami candlestick pattern is known after a bullish move, it will signal a reversal in the price action.

Harami Candlestick

The Harami is one of the major candlestick signals in Japanese Candlestick analysis. Harami is a reversal pattern. The harami consists of a small real body that is contained within the preceding large candles’ real body.

There are two kinds of Harami bullish harami and bearish harami. There is another kind of Harami which is called Bullish Harami cross and Bullish Harami cross.

Tweezer Bottom Candlestick

Tweezers are actually two or more candlestick lines with similar highs and lows.

Tweezer bottom pattern formed when two or more candlesticks have the similar bottom. 

Tweezer bottom pattern occurs in a downtrend. Lows are made with low prices, but they also can be combinations of any of the other prices. These lows will later become support.

Tweezer Top Candlestick

A tweezer top occurs when the highs of two or more candlesticks are equal in a series of candlesticks.

Tweezer top pattern formed when two or more candlesticks have the similar top. 

The Tweezers Tops pattern is composed of at least two candlesticks with the same highs for a Tweezers Top.

The Tweezer Top candlestick formation is a double candlestick bearish reversal pattern.

The Tweezer Top candlestick pattern is a bearish candlestick reversal pattern. It consists of two candles. It occurs in an uptrend. The two candle bodies can be either each of a bullish and a bearish candle or both of the same type.  Either real body or shadow must be in the same level in order to form the sign.

Dark Cloud Cover Candlestick

Dark Cloud Cover is a two-candlestick pattern bullish and bearish.

Dark-cloud Cover pattern is a bearish reversal. Dark Cloud Cover also called top reversal pattern that appears in an uptrend. Dark cloud cover pattern is only valid if it seems in an uptrend.

A Dark cloud cover Pattern occurs when a bearish candle closes below the center of bullish candle.

 The market continues the uptrend on the first day. But 2nd  day sellers take price down to close near the open of the previous day.

Identification of Dark Cloud Cover candlestick Pattern

1st day bulls

2nd day bears

Bearish trend reversal pattern

Both candles contain a large body and are of approximate equal height. The upper and lower shadows are little or nonexistent.

The first candlestick in this pattern must be a light candlestick with a large real body.

Second candlestick closes below the middle of the first candlestick.It is preceded by a strong up trend.

The 4 Price Doji Candlestick

This candlestick is simply a horizontal line that has no upper and lower shadows. 4 price doji is a candlestick where the open, high, low, and close are all the same. 4 price doji is indecision between the bulls and the bears. 4 Price Doji is incidence and it will be seen if the all four price are equal.

Doji Dragonfly Candlestick

Doji Dragonfly occurs when open and close price are equal and happen at the high or close to the high of the day. 

The long lower shadow indicates that the market is closer to equilibrium and a trend reversal may be coming up.

It is represented by a long lower shadow, a small body with equal open and close prices, and no upper shadow or very small upper shadow.

Doji Gravestones Candlestick

The dragonfly doji candlestick pattern represents an indecisive market. It is represented by a long upper shadow, a small body with equal open and close prices, and no  lower shadow or very small  lower shadow.

The long upper shadow suggests that the direction of the trend may be nearing a major turning point. Overbought or oversold indicators confirm a change in market direction.

Identification of Doji Gravestones candlestick Pattern

It is represented by a long upper shadow, a small body with equal open and close prices, and no lower shadow or very small  lower  shadow.

Doji Long-Legged Candlestick

Doji Long-legged is a sign of indecision about the future direction.

Long-legged doji candles are   foremost important when they occur during a robust uptrend or downtrend.

The long-legged doji imply that the supply and demand are nearing equilibrium.

When the long legged doji seems in an uptrend it provides a sign for a possible reversal to the downside.

When the long legged doji seems in a downtrend it provides a sign for a possible reversal to the upside.

Doji Star

In case of a doji star Morning Doji and Evening Doji stars are formed. 

Evening Star

In Evening star the first candle is bullish and preferably occurs at the end of a significant push up in price.

The middle (second) candle is a small-bodied candle (bull or bear).  The second candle is a small indecision candle.The third candle is a large candle that opens below the second and closes near the center of the first candle's body. 

Morning Star

The first candle is bearish. It happens at the end of a significant down in a significant.

The middle (second) candle is a small bodied candle (bull or bear). The second candle is a small indecision candle.

The third candle is a bullish candle that closes well above the high of the signal candle.

Types of Doji Candlesticks

Any doji candle is indecision. Doji’s are formed when the price of a currency pair opens and closes are same level.

Types of Doji Candlesticks

There are Five Different Types of Doji Candlesticks

Types of  Doji

• Doji  Star
• Doji Dragonfly
• Doji Long-legged
• Doji  Gravestone
• The 4 Price Doji 

Doji Candlestick Pattern

The Doji is indecision between bulls and bears. A Doji signify the balance between supply and demand in the markets. Doji candlestick has long shadows. 

A Doji is formed when its open and close prices are the same or close to

each other.

doji candlestick has no or a very small body. A doji is a key trend reversal indicator.

A Doji breakout setup provides an excellent risk to reward chance for Forex traders.

Price trader above the high of doji for a bottom reversal.

Price trader below the low of doji for a top reversal.

Spinning top Candlestick Pattern

Spinning Tops Candlestick has an upper shadow, lower shadow

and has a small real body. Upper shadow and lower shadow are longer than the real body

Spinning Tops is a sign of the indecision between the buyers and sellers.

The small real body shows little movement from open to close, and the shadows be a sign of that both buyers and sellers were aggressive but nobody could gain the upper hand.

Spinning top candlestick pattern signals a possible reversal in trend. When spinning top appears in an uptrend a reversal to the downside may be impending. When a spinning top seems in a downtrend there may soon be a reversal to the top.

Morning Star Candlestick Pattern

A morning star pattern could be a bullish reversal signal, and therefore, only occurs when an established downtrend in price. 

A bullish morning star pattern is a candlestick pattern normally found at the end of a period of downward. When found in a downtrend, this pattern is a powerful reversal pattern. 

Identification of bullish Engulfing candlestick Pattern

The first candle is bearish. It happens at the end of a significant down in a significant.

The middle (second) candle is a small bodied candle (bull or bear). The second candle is a small indecision candle.

The third candle is a bullish candle that closes well above the high of the signal candle.

The first day of the Candlesticks pattern is part of the downtrend. The second day gaps lower and has a small body. The second candle is a small indecision candle. The last day is a bull candlestick that closes above the center of the first candle’s body.

Evening Star Candlestick

The evening star candlestick pattern may be a bearish candlestick reversal pattern.

It consists of three candles. It occurs in an uptrend signifying that the end of the uptrend is near and also the starting of the downtrend is in process

Identification of Bullish Engulfing Candlestick Pattern

The first candle is bullish and preferably occurs at the end of a significant push up in price.

The middle (second) candle is a small-bodied candle (bull or bear).  The second candle is a small indecision candle.

The third candle is a large candle that opens below the second and closes near the center of the first candle's body. The third candle is a decidedly bearish candle that closes below the low of the signal candle.

The third candle is also Confirmation Candle.

Bearish Engulfing Pattern

A bearish engulfing pattern is a candle pattern established at the end of an uptrend.

The bearish Engulfing candlestick Pattern may be a bearish reversal pattern, typically occurring at the top of an uptrend.

Identification of Bearish  Engulfing Candlestick Pattern

The pattern consists of two Candlesticks.
The bearish Engulfing pattern is the precise opposite that of the bullish Engulfing pattern
The second candle in the pattern is the reversal signal.
Bearish Engulfing Pattern reject gap up

                                                             First day Bullish Candle

Second day Bearish Candle

 The first candle is bullish.

The second candle is bearish and engulfing the body of the preceding bullish candle. Shadows are not important.

Bullish Engulfing Candlestick Pattern

Bullish Engulfing is bottom reversal.

The bullish Engulfing candlestick Pattern could be a bullish reversal pattern, usually occurring at the bottom of a downtrend.
The bullish Engulfing pattern consists of two bodies. The primary body (first body) is the same as the current trend, the second is the opposite.
Identification of Bullish Engulfing Candlestick Pattern

The bullish engulfing candlestick is a well-known candle pattern composed of two candles.

The first is a bears candle followed by a bull one.

The bull candle should have a close above the prior open and an open below the prior close.

The body of the bull candle should engulf or overlap the body of the bears.

 First Day - Bearish Candle 

    Second Day  - Bullish Candle

Engulfing Patterns

Engulfing patterns is a reversal signal.

The body of the first candle must be smaller than the second one.

The second candlestick body must be opposite to the first candlestick body.

The Engulfing patterns are indicating reversals at the tops and the bottoms.

Type of the Engulfing patterns

There are two types of the Engulfing patterns

• Bullish Engulfing Pattern
• Bearish Engulfing Pattern

They are most helpful when founding the oversold, at the end of a downtrend or the overbought for the uptrend .

Shooting Star Candlestick

The shooting star candlestick pattern occurs in an uptrend. 

It is preceded by a strong up trend.

Identification of Shooting star Candlestick

Shooting star pattern appears in an uptrend.

The long upper shadow

Little or no upper shadow.

The real body is at the upper end of the trading range.

The shooting star appears at an uptrend and might potentially reverse.

Hanging man Candlestick

Hanging man Candlestick is a Bearish reversal candlestick pattern appears in an uptrend.

This pattern occurs at the top of uptrend and is a potential reversal downward.

The Hanging man shows that there are no more buyers left to push the price.

 Identification of Hanging man Candlestick

 Hanging man pattern shows in an uptrend.

The long lower shadow.

The real body is at the upper end of the trading range.

Little or no upper shadow.

The color of the real body is not important.

A hanging man might indicate a reversal but you need confirmation a lower opening the next day or a down session with a lower close the next day.

Inverted Hammer Candlestick

Inverted Hammer is a reversal candlestick pattern 

The Inverted Hammer candlestick formation occurs mainly at the bottom of downtrends. The Inverted Hammer is a bullish reversal pattern in candlestick chart.

Identification of Hammer Candlestick

Inverted Hammer is bullish in nature and appears at the end of a down trend.

The long upper shadow

The real body is at the lower end of the trading range.

The lower shadow is small or nonexistent.

The long upper shadow signals that sellers pushed prices lower but the buyers were able to overcome this selling pressure.

Hammer Candlestick

Hammer is a reversal pattern when found in a downtrend.  The hammer is a bullish reversal pattern in candlestick chart. The Hammer is a strong reversal signal that a bearish trend is weakening.

Identification of Hammer Candlestick

The long lower shadow

The real body is at the upper end of the trading range.

Little or no upper shadow.

The long lower shadow signal that sellers pushed prices lower but the buyers were able to overcome this selling pressure.

Japanese candlestick

Candlestick analysis is a vital tool for making market timing decisions. Candlestick shows the same data as bar charts but in a very graphical format that gives a more detailed of price action. Japanese candlesticks are the charting technique that makes it simple to see the relationship between the opening and also the closing costs. Most of the traders use candlesticks to analyze trading there are many candlestick patterns.

Candlestick formations

What Is Bullish And Bearish

Bulls are buyers - Bears are sellers

Bearish and Bullish are simply terms used to characterize trends in the currency.

Bullish 

A candlestick where the closing price is above the opening price is named a bullish candle. A general uptrend in a price could be a bullish market.

Bull markets typically happen when economic indicators show that things are looking up. When the market goes up bulls are in control. When bulls are up to the mark - it’s known as a bullish market. A bull market is a market condition in which the prices are increasing.

Bulls Candle 

Bearish

Bear markets tend to happen when market sentiment is very low. A bear market is a market condition in which the prices are falling.  A candlestick where the closing price is below the opening price is called a bearish candle. A general downtrend in a price is a bearish market.

Bear Candle

Types Of Charts

Line chart, Bar chart and Candlestick chart used in Forex trading. 

Line represents only the closing prices over a set period of time. 

Bar chart represents the opening and closing prices, as well as the highs and lows.

Candlestick patterns are a form of technical analysis. A candlestick shows the high, low, open and close.

Shaved Candlestick

Shaven Bottom is a candlestick with no lower shadow. Shaven Bottom is a reversal signal with confirmation the next trading bar. 

Shaven Head: 

A shaved Head candlestick is similar to the Hammer Candlestick; with the key distinction being that there's no head on the candle. It consists of a bullish or bearish candlestick with a small body at the candle high, with no head and a long tail. It’s considered a bullish pattern when preceded by a downward trend or when the market is over sold or at a point of support.

FX Market Analysis

Forex analysis is used by the day Forex trader to find out whether to buy or sell a currency try at any one time.

Types Of Market Analysis

There Are Three Basic Types Of Market Analysis:

• Technical Analysis
• Fundamental Analysis
• Sentiment Analysis

Technical Analysis

There are strategies for using technical analysis.

Technical traders use many different indicators together with S/ R and trend lines to aid them in predicting the futuredirection of exchange rates. These strategies rely on looking at the chart
Fundamental analysis using economic indicators and news based events.
Fundamental Analysis

Fundamental analysis in Forex is a kind of market analysis that involves learning of the economic situation.

Sentiment Analysis

Sentiment analysis is a type of Forex analysis that focuses on identifying and measuring the overall state of all contestants within the market.

Forex Session Times

A Forex session means when the market is open, for example New York Session means at those hours the market of US is open.

Forex market is open 24 hours on a daily basis it doesn't mean that the market is always active the whole day. Forex traders can earn when the market moves up and they can earn when the market moves down.

Forex Sessions

The Forex market are often divided into four major trading sessions that are

London Session

Tokyo Session

New York Session

Sydney Session

Tokyo session is on when news from Australia, New Zealand and Japan come out presenting a good opportunity to trade. 

Forex trading hours, Forex trading time:

London opens at 3:00 am to 12:00 noon EST (EDT)

Tokyo opens at 7:00 pm to 4:00 am EST (EDT)

New York opens at 8:00 am to 5:00 pm EST (EDT)

Sydney opens at 5:00 pm to 2:00 am EST (EDT)

IC Markets

International Capital Markets Pty Ltd (IC Markets) is authorised and regulated by the Australian Securities and Investments Commission (ASIC), licence number 335692.ASIC has in place capital adequacy requirements and requires licence holders have in place internal risk management and staff training procedures. External audits supplement IC Markets operational and accounting processes and ensure regulatory compliance.

IC Markets is the best broker in Australia.

IC Markets is a True ECN broker offering the lowest spreads in the forex industry. 

IC Markets standard leverage starts at 100:1. The maximum leverage IC Markets may offer is up to 500:1. This is only for approved accounts and funds approved for leverage greater than 100:1 will be limited.

Margin Forex is very high risk and leverage should be used wisely. IC Markets offers variable spreads on our MetaTrader 4 and cTrader forex trading platforms.  

Payment options

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Platforms

MetaTrader 4 MetaTrader 5 cTrader webIRESS ProDeal

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