/biz/ - Business & Finance

>>2739500
i average about 1500% every month. buy low sell high, forex is such a useful skill XD

>>2739500
Good idea man..Nice! just bought 100k

>>2739500
Well, I dont know anything about it. Can you help a brainlet out and explain Forex and any necessities for participating in the Forex market?

>>2739500
>So anons, why not?

>>2739526
https://www.babypips.com/learn/forex
Here you go, all the information you need. You see anons on this board just want to shill shitcoins but they don't understand how much more they can achieve with a bit of learning and practice.
>>2739576
You make money even when the market goes down by shorting. Forex traders get a hard on when there's volatility.

because it's stupid. Low volatility, a lot goes on so it's hard to tell the future price, holding/overnight fees, can have high spreads. Anyone who trades forex while having stocks and crypto available is retarded. I make 20% on two crypto trades

>>2739513
kill yourself

>>2739639
Spreads are wider in stocks compared to crypto.
>implying its easier to tell the future price of a certain crypto
Gotta realize the crypto shills out there have something to gain by making you buy into their hype senpai. I on the other hand, do not benefit whether you trade forex or not. I am just here to help out my fellow anons on this board to get out of crypto before its too late.

>>2739589
Forex is dangerous.

>>2739667
Nice try forex shill

>>2739700
Forex can be your worst nightmare

Great idea, just bought 100k

>>2739699
Ever heard of stop-loss?

>for most investors, not possible to trade without leverage
>large minimum bid size
>buy/sell orders can be slow
>much higher risk than crypto

>>2739716
>BTC/USD

>>2739731
They aren't always triggered.

>>2739742
You're partially right, it depends on the broker really.

>>2739500
>Averages 20% gains per month if you're good.
Because this isn't true and nobody can make 790% yearly gains consistently, this is absurd and fucking laughable that you'd even suggest this. You're such a stupid fucking LARPer

>>2739738
You seem pretty well informed. However, the risk can be managed using stop losses and take profits. Leverage can either work in your favour or against, it basically just magnifies the volatility so that you don't need such a big capital to make trades.

isn't Forex same as gambling? Which is same as crypto

>>2739738

those are mostly misconceptions

there's no reason not to use leverage. in forex, it's just the tool you use to determine how meaningful each pip will be to you. if you use it in a way that puts your account at risk, you're doing it wrong and need to learn how to forex.

minimum bid size is really small. almost any retail broker offers microlots, and there are a few who let you trade as small as you like, even down to 1 cent.

order execution speed is fine with a decent broker.

crypto is definitely far higher risk.

>>2739753
It can be done, but the ROI slows down after your account grows to 100k USD. Many people have started with a mere 1k account and performed consistently enough to get to 100k.

>>2739762

about as much like gambling as the stock market, unless you don't know what you're doing.

>>2739753

there are plenty of accounts you can look at on myfxbook and various other sites consistently making 10-20% per month, and a very small portion making double that or more.

>>2739762
>Gambling
My friend, realize that gambling is profitable - casinos make money from it! Even a 51% probability that your trades come out winning can and will turn into a great amount of profit provided you have a sound strategy.

>>2739788
Please demonstrate that the ratio of accounts making that much per month to those not making that much per month are statistically balanced against the expected values of random results

>>2739908

it isn't a matter of random variation, it's a matter of how good a trader is and what they're aiming for.

Do gains from Forex count as income or just as capital gains?

>>2739941
Haha that's not what I'm saying anon...

What I'm saying is if there are 1,000 accounts and you say "Look, 5 accounts consistently make +20%" then this is statistically insignificant because a few outliers are expected

>>2739948
If it was easy, everyone would do it.

>>2739500
i traded forexfor about a year, its a way slower market than cryptos but the fundamentals are the same except if youre margin trading on FX you absolutely cannot HODL or youre fucked. the market price behavior and patterns present in fx are so similar to price patterns in cryptos and even whales that its fucking spooky. recommed anyone that wants to start in forex to look for a vid on YT from james16 called "Rants and Charts - A closer look"

>>2740626
to add on, demo demo demo demo trade until you can spot a setup you're looking just based on candles. learn how to calculate daily pivot+s1/r1/, weekly pivot, how to stack multiple fibs and look for the confluence zones between them and try to find a corresponding "flip zone" where the price seems to land on either side but never on. pay attention to 00s and 50s. FX is easy once you understand that price goes from one confluence zone of the indicators that ive listed to the other like ping pong. the best pair i was able to find for this kind of swing trading was EUR/NZD. trade on daily chart and learn to use candle price formations and youre good.

I do not have enough courage for Forex.

I tried out a CFD broker but came to the conclusion that unless I put in significant capital it wasn't going to be worth it.

Also seen too many stories about people barely squeezing by just staring at charts all day then loosing it all.

come on guys, are there even any coin/GPU combos left that still make a net profit after power cost?

Only ever made a loss...

>>2739500
Nice, I just traded 100k.

>>2739500
>Averages 20% gains per month if you're good.
That's why. You can make 20% gains in an hour with cryptos "if you're good"

>>2739716
is this guy dead? alaskan autist RIP

>>2739731
Maybe we should talk more about this because it seems these type of events are becoming increasingly frequent.

>>2739716
>>2741637
what am i looking at here?

>>2741637
>>2742036
RIP Autismo ;__;

https://www.reddit.com/r/Forex/comments/6m1tj2/study_about_day_traders_only_03_make_it_not_5/

:^)

I trade forex tues-thursday about 5 hours a day with a few hours on Sunday and Monday planning. Been doing so for about 6 years now and have made a decent amount of money off it. Don't have enough invested to do it as a full time living though. It's really not all that difficult and I have no idea how 90% of retards blow their money.

>>2739699
> trading pegged currencies without a stop loss
> trading pegged currencies
Flash crashes are the real danger if your trading on margin m8

>>2743152

thanks for your input