/biz/ - Business & Finance

>>41744
>implying its not a giant scam

>>41744
forex is a giant casino where the house always wins through fees

The only real use for it is currency hedging but I doubt anyone here needs that.

>>41822
So how do you get into the casino then?

>>41744
There's not much money to be made with Forex unless you're a bank or other institution. Institution arbitrage pretty much takes all the value out for Forex. When you account for the transaction fee that you have to pay per transaction, along with your (probably) small capital allotment, you won't be making any money. You need a certain amount of wealth to make wealth.

>>41949
>visit forex forum
>some people actually make money
explain that m8

>transaction fee, small capital
the bucketshops allow you to trade on margin. the transaction fee is like 5 pips max

Forex isn't a scam, leave it to the non traders to assume that.

>>41949
What transaction fee? Spread?? WTF

Its obvious your a business college student who doesn't know shit.

You pay the spread on each trade. Its nothing insane that keeps people out of the market.

>Been trading Forex live for almost 3 years

Here is more proof another EUR/JPY gain

>>42014
>>42014
>3 years
what kind of returns do you get?

Anybody who wants to get into Forex just follow this blueprint

>Go to
http://www.babypips.com/school

It seems silly but it will teach you everything you need to trade. Take it seriously if you want to really get into Forex, your learning a trade pretty much. Don't expect to just waltz in and make a fortune, won't happen.

Secondly you need to find a system
>Go to
http://www.forexfactory.com/forumdisplay.php?f=71

http://forex-strategies-revealed.com/simple

Find a system you like (Time Frame) and style (Scalping, Swing trading, Position etc)

Demo that system for at least a month using a brokers demo platform.
Oanda
IBFX
Finfx
Are both I put my seal of approval on

After a month of profitable demo trading I would move to a live account. A lot of other traders will disagree with me but hear me out first. New traders have to get over the mental issue of trading REAL money. Traders I have helped I suggest they open a live account and trade SMALL amounts of units (like 1 cent a pip) after the first month of demo trading.

This is list here can take years, its up to you.

>>41949
>>41822
>>41808
Hahaha. Stock traders detected.

>>42170
Forgot to mention that you shouldn't start with less than 10k throwaway, but yeah babypips is cool.

>>42142
It depends on the market. Enough returns to pay the bills. I trade the shorter time frame (M5) with M15 confirmation. I trade the EUR/JPY and the GBP/USD (Cable). My weekly pip target is 50 pips.

>>42014
Hey bro.

PA trader here, I wait for price to get to SR and then watch for PA confirming a reversal, usually engulfings.

What's your strat?

Also LOL@retards spouting shit

@OP, go to babypips.com and come back in 2 weeks after you've understood everything there.

My outlook for the week:
EU - Bear

NU - Bear

UJ - Bull-ish. Kinda.

EG - Bull-ish. Not much tho.

EA - Bull-ish.

GCAD - Bull-ish until 1.8507, from there no idea.

GCHF - Bull-ish

GN - Bear

NJ - Retest of 0.86

GA - Bear-ish

>>42207
I would disagree for this reason. It really doesn't matter as long as you practice sound money management (risking 1% and always using a stoploss). 1% is the standard for new people. The cool thing about Forex is you can open a account with 500 bucks, but don't expect to be trading standard lots with that account.

High frequency trader at a major prop shop / FX desk here.

Everyone should get into forex trading! All you have to do is read about "indicators" and make a "system". It's the path to high returns and lots of money!

For me that is, but hey that's just a detail.

>>42170
I was the OP for a previous Fx thread and this post is exactly what I had in mind about a blueprint for /forex general/ threads. We should try to inject this into the board culture


>>42235
>My weekly pip target is 50 pips.
What about capital growth? I find that talking about about mere pips isn't as telling as real growth.

>>42235
What do you look in LTF? do you look at HTF at all?. Indicators, PA?

I never tried FOREX but from the side it seems that because of the limited amount of currencies you get a much better grasp of their "personalities", at least I think so

>>42264
Stocktraderplzgo

>>42271
You use supply and demand naked charts? What timeframe?

>>42308
My lot size changes depending on my stop loss, a consistent % capital return is almost impossible. It really depends on the pairs i trade. Last week I made .8% and the week before I made 1.1% and the week before that i was break even.

When I see a trade devolving I check the M30/H1 PA and stoch. I trade with the HTF, so if i get a M5 short but M30/H1 are both in uptrends then I don't take the trade.

>>42321
Err, support and resistance. Been looking to start playing supdem setups as well. 1D for levels, 4H - 1H for trades

Here is the thread for the system I use. I have modified it a bit and more likely will keep tinkering with things.

http://www.forexfactory.com/showthread.php?t=373796


Going to trip so I can help out more people.

I am thinking of making a nightly thread for the London session and the New York session. We'll see

>>42489
Are you actually consistently profitable with tech. indicators?

>>42487
Some call it supply and demand. But you pretty much trade naked price, neat.

Whats your average stoploss? Do you ever use moving averages?

>>42528
average SL from 40-70, more than that and I don't like it, less than that and I start doubting the strength of the signal.

I understand SD and SR, I'd say they're different from each other, even though both are very related.

>>42170

Does something like this exist for cryptocurrencies?

>>42612
I don't think it would work due to liquidity issues

>>42489
>I am thinking of making a nightly thread for the London session and the New York session. We'll see

>>42170
Kinda related, does anyone here know similar sites but for options?

lol @ people buying paper currencies instead of dogecoins

>>42500
Yes, people bastardize indicators but they work when you use them for the right reasons.

For example, RSI2 is great for picking pullbacks on a strong trending stock.

>>42271

>PA trader here, I wait for price to get to SR and then watch for PA confirming a reversal, usually engulfings.

For how long have you been doing this?
Are you profitable?

>>42916
Demo, months.
Live, weeks.

Yeah I am... so far.

Try marketprog.com for their visualisation and chart similarity model. Been using it for months now and works a charm. It basically samples the last 10 candles in real time and compares how the fx pair performed before when the chart looked exactly like now, and then gives you a % chance of an uptrend. It models how the human brain does technical analysis (since with technical analysis you are looking for patterns that have previously formed and behave a certain way afterwards) but much better than autochartist because they analyse any 10 candles whereas autochartist looks for known patterns. Ive had several 30+ winning streaks with this system, and for some reason works decent for earnings move forecast.
Bonus: its fucking free to use

>>43043
It only gives probability of uptrends?

Looks interesting, might add it to the tool bag

I'll be making a new thread during the Frankfurt session until about mid NY session.

I don't 'trade' forex in the general sense but I do have partially hedged positive swap positions.

As an example, Assume I am long the EUR/JPY while short an equal amount of the EUR/NZD. Both are positive carry positions but I'm both long and short equal amount of the Euro which means, at least theoretically, I don't have risk in the Euro. If the euro strengthens, the long Euro position should benefit while short Euro position loses by roughly the same amount. My observations show that the majority of the time it follows this pattern, particularly when you are using 8 or more total pairs. A unique risk however is that you can see tremendous drawdowns if institutions are deleveraging currencies or unwinding carry trades. Another risk is changes in interest rates.

Not a recommendation to do this but just something to think about if.

>>43087
Yes, but it goes both ways. According to them if the prob. Of uptrend is above 80% then its a good bet to go long, and if its below 20% then its good fot a short trade. Think of it as 0% is bearish and 100% is bullish. Also very important: use it on the hourly chart at the end of an hour so for example at 12:55, 16:58 and so on. If you see a pair showing a % chance to either extreme you can trade. They have a live chat on there so ask them when they are online, very helpful lot with lots of experience in trading generally as well. Only downside you have to register to access the extended menu, but as said its free so nothing to lose

>>43245
>partially hedged positive swap positions.
Sorry complete retard here, what does that mean.
>this board is teaching me so much.

>>43245
>when you are using 8 or more total pairs.

I focus on 3 mainly

>such is scalper life

>>43288
>Partially hedged
In that it's not fully hedged, but partially. In the example, you're forcing both pairs to be in relation to the Euro while having a neutral position in the Euro. Significant moves in the Euro itself shouldn't affect your overall position. You do however carry counter-currency risk with the NZD and JPY.

>Positive swap
Swap is an amount you are credited or debited every day depending on how you are positioned. If you are borrowing a currency with a low interest rate and loaning a currency with a higher interest rate, this figure will be positive.

I cannot wait until all the non-biz turds go back to their board of origin.

>>44041
I agree. Lol@transaction fees for FX. People are truly retarded.

>>44176
>Have a ECN broker
>EUR/JPY has a 1 pip spread
>See moot has finally made a finance board
>See a Forex thread

DURR FOREX IS BAD CUZ OF DA FEES, YOU MAKE NOO MONEY CUZ FEES


Max retardation, even worse if it coming from stock traders who pay commission AND spread

What I used to do with currency was buy when I could see it going up and I put down a stop loss order which I set up at a higher price point than what I bought at, then cancel once I sold it at a higher price point or hope it sold in time as the price dipped again. Lazy man's way of spot trading.

The thing is that depending upon how often you move your chips around fees might eat up all of your profit.

What brokers do you guys use?

im with ATC brokers

Fuck yeah, a Forex thread

So what are you guys trading right now?
I'm Long on EUR/CHF, has been a sideways market for quite some time now and with the SNB's 1.2 floor intact and some heavy signals of them to further devaluate the CHF, I think everything's set for another rally to the 1.24 region and above (1.27)

>>44403

EUR/USD Short

>>44403

I'm not currently committed to any trades, but usually I'm a spot trader so I can trade anything that's going to fluctuate enough in a short period for me to game it.

>>44374

Liquid Markets

>>44281
I don't want to be rude or anything, but how much have you made doing this and how long as well.

I heard that this is kinda like a decent job, but not really much of a get rich quick scheme.

Pretty sure most forex people have watched this before?
http://www.youtube.com/watch?v=NFBKG3q4XLQ

>>44712
heard of this guy, thought he was a fraud (still do think he's a fraud)

>>44712

Stopped watching after 15 seconds. Typical anglo fakebook shit.

>>44783
Basically the girl bought her first lambo because of forex. Now she buys all her cars by teaching people how to forex.

>>41980
>Watch the roulette table for a while
>Some of the guys actually win
You can't explain that

>>44403
Long GBP/USD until it breaks 1.70 or just makes an obvious reversal. Anyone else?

>>44620
3 years live trading. I am making enough to live a good life for my age (25). I am not one of these fraud Forex people selling something. I help people for free. Forex can make you a lot of money but it all comes down to YOU. People who half ass it and arent commited don't make anything.

>>44919

You know, I am curious if professional gambling or investing is more likely to pay out and if so then by how much.

>>41744
forex is rigged. completely.

consistent profits? be in the group rigging it, or get really lucky.

>>45037

Whats your news source?

>>45074
>being this incompetent

>>45250
Just fyi, http://www.myfxbook.com/dashboard is amazing.

>>45031
My friend just started gambling and I just started looking into investing so I've recently become interested in this as well.

>>45250
http://www.forexfactory.com/calendar.php

I dont trade the news but this is what I use

>>45316
Just look at charts and research a couple hours a day and then act accordingly?

I'm guessing your daily routine.

>>45441
>>45441
No my routine is like this

Around the Frankfurt session I write down the trends of the pairs I trade on the daily and hourly charts.

When London session comes I have EUR/JPY and GBP/USD open on my dual screens. I trade the M5.

>>45441
In case you don't know I am on the west coast so the London session starts at 12am and the NY sessions starts at 5am.

I am watching my two pairs the whole time.

>>45588
Why would you write it down when it's obvs?

>>46408
Just a quick reference

When the markets are slower I watch up to 10 pairs. Good lucking know all of their HTF trends off the top of your head

>>46755
What are pairs and HTF?

>>45074
>muh scam

That's what losers say, don't worry, I used to be like you too, took me years to get profitable.

>>48175
>dat drawdown
>dat 15% losing trade
>5 trade sample
basically it's gambling...?

>>48175
this is me, if anyone has any questions I'd be happy to help you. If you just want to complain about rigged markets then I can't help you. The markets are rigged, doesn't mean you can't make money.

>>48205
Do you even understand what drawdown is?
15% is considered good, 19% isn't bad. As for the trade number, you do realise that if you trade less you pay less spread/commission right? Do you have a legitimate question or would you prefer to nitpick?

>>48227
What do you look for to tell if a currency is going to increase/decrease in value?

>>48251
Not that guy. What is drawdown?

>>48246
Look to buy near daily support, Sell near daily resistance but make sure that the fundamentals line up, the key is to get a good risk to reward ratio. Also, a trend is easy to spot, if the price is sloping upwards its an uptrend, downwards and its a downtrend, very simple. The hard part is not being a greedy jew when you trade. That is why most traders fail.

>>48267
Drawdown is basically the amount by which your account has fallen in value relative to the highest value your account had previously reached in equity.

>>48175
nice
what leverage ratio do you use? how long do you hold positions for?

>>48342
Alright.

If you don't mind me asking, how long ago did you make that initial $10k investment?

>>41744
From what I understood, best bet is to make money on forex is to make books about technical analysis and all sort of candlesticks.

>>48399
500:1 leverage, not a US citizen so no restrictions luckily. I hold positions for as long the trend lasts, I close if there are significant points resistance/support levels but I generally try to get in a 1:2 R/R so in the example I posted over here:
>>48175

I had a 150 pip stop loss and 300 pip take profit, as you can see I won 3 trades and lost 2 yet I still walked away with $5800, it's all about your risk:reward. Another thing most traders get wrong (and I did too when I started) was they have tight stop losses, it simply doesn't work, banks will take you out so fast, you need to let the market breathe.

>>48447
and to make money in stocks just write books about value investing and being an "intelligent investor" whatever that is

>>48411
I started trading 4 years ago, naturally like everyone else I thought I knew what I was doing, I didn't. I lost $20000 in 2 accounts. It was only 2 years ago that I started becoming profitable and it took losing to get me into that frame of mind. Now I keep $10000 in my trading account at all times and bank the profits every month. So to answer your question: 2 years ago.

>>48479
When you say 'bank the profits every month', does that mean you made ~6k this month alone or is that number simply the net profit you've made since the account has been open?

>>48500
That was profit from last month, I keep all my trade records (for the merchant tax man). I haven't traded much this month, things are rocky at the moment, waiting to see if GBPUSD breaks resistance or falls back down.

>>48523
Damn bro, nice work. Good luck.

>>48534
Thanks. I've always wanted to do this but never got into any banks so I decided to do it myself. I'd like to help anyone who wants to give it a go, I can help cut through the bullshit on the net, cos trust me, there is ALOT of bullshit out there.

>>41744
Yeah, I consistently game the market.

Made 350 mil in the paste 4 years.

>>48546
Cool bro. I haven't even begun so I don't yet have any questions to ask. I'll keep an eye out for your trip though.

>>41989
>>42014

Post data on the last 3 years of your trades. I'll wait.

>>48546

All this has me very intrigued, but can you give me an idea of the time investment necessary on a day to day basis?

I don't want to sound like a lazy shit, I understand it's not free money and I have to put in work but I have a bit of an obsessive personality and I need to be able to step away and take my mind off it for a while or else it'll just be sleepless night after sleepless night worrying about things.

Also if you could explain a little more about the tight stop losses that would be cool. If I understand right you're basically saying that with a tight stop loss the volatility is going to bite you in the ass and lock in a loss that you wouldn't have had to take if you just eased up on the loss limit (so basically make it react to a trend, not micro spikes in the market)... am I at least on the right track there?

>>48546
What's your average profit per month? Is 6k normal of was that a good month relative to the other 23 months.

>>48551
prove it, faggot

>>48754
Initially there is alot of work involved, you have to learn the concepts and how markets move, you also need to at least be in tune with fundamental news. Once you have studied enough charts you start seeing the patterns and then you don't really need to spend too much time on trades, you can set and forget. Being able to leave a trade going overnight on the other hand requires you to work on your emotions and confidence when trading, that is basically an ongoing process.

Regarding the tight stops, you are correct, the market volatility is entirely unpredictable so you can be stopped out even when you're right, especially during news events. A wide stop loss negates this and allows you to breathe easier knowing that you won't keep entering trades when they get stopped out.

>>48816
Average is $4k, last month was particularly good.

>>48880
My nigga

I am guessing you trade higher TF's based on your stop loss. Are you trading naked charts?

>>48546
As long as we double check all the important facts with public sources then I don't think we have to worry too much about "bad advice".

>>48880
What is your day job if you have any. I'm wondering if its possible to get into this while trying to work in a job.

>>48914
Yeah I trade either Hour, 4 Hour or Daily. Naked charts all the way, I don't rely on indicators, even on higher timeframes I find that they lag too much, I simply use price action but I always follow the trend.

How do you trade?

Good to see some other traders in here, I love this board already.

>>48961
This is my day job, I quit my previous job 3 years ago, loving every moment of it.

It's possible to do it while you have a job but you won't be able to scalp, you should consider learning to swing trade and you will need more capital to start too.

>>48880
>Average is $4k

Is this somewhat typical of day traders? How good do you have to be to make this much, and how starting capital do you need?

>>48989
Holy shit, how much is that a year minus taxes and all that?

Its kinda interesting how you independent types live.

>>49039
It's by no means more than most people make in normal jobs, I just have more freedom. It also depends on the market. The most I've made was $72k in a year. But I live in Australia so that's an average salary.

>>49015
I started with $10 000. $4000 is 40% in a month so it's quite good, it doesn't happen all the time but on average it's around $4k when I have a profitable month. I also have some months where I don't make much or I make a loss, it's the nature of the game.

>>49110
Thanks for all the info! What trading platform do you use btw?

>>49140
No worries friend, happy to help.

I use cTrader and I have some trading bots that I programmed that run on cAlgo, which is an algorithmic trading API.

I personally don't trust metatrader since I heard there were some irregularities between brokers that offered it, basically they were caught stop-hunting and other such acts.

>>48977
I trade the m5 using stoch and htf confirmation. Been trading 3 years and profitable for a year and a half. I quit my job a year ago.

I am glad other real traders are here. I am going to make a London session thread

What kind of money do you have to put into play to make a few hundred per month?

>>49226
Great! Count me in on that thread. What are your thought on GBPUSD? You think it will break 1.70 or hold? Interesting times we are in, the long side has so much potential.

>>49420
I am staying away from the cable until a direction is clear.

Big Yen news coming up, going to watch the EUR/JPY

>>49291
amount you can afford to lose

>>48977
Dude, I'm trading similar to you, I posted a reply before where I explained my trading:

Support/Resistace from Daily chart
Entry TF: 4H, 1H.

I wait until price reaches a SR zone and wait for PA to confirm the bounce, usually engulfing candles on the 4H.

do you trade like that? what kind of PA do you wait for? totally naked charts? is it ok if you post your USDCAD chart, I feel weird about mine.

I had some experience with Forex. There is a way to reliably make money at it, but it requires a lot of homework, analysis, and most importantly you have to not be a greedy person.

With a good amount of money you can do well, but don't expect an insane amount return on your dollar or you're going to lose fast.

Market Trading can become gambling if you let it. I lost a good friend because he lost himself in the numbers and spiraled out of control.

If you don't think you have the full discipline then do something else. Also please don't think for a second that you're going to turn this into a lifetime career, people burn out so fast just looking at graphs and numbers.

>>50184
Hey, that's pretty much what I do, here's my USD/CAD, completely naked. Sometimes I draw trendlines etc but I mostly just use my mind's eye, I try not to have my charts cluttered. Works for me anyway.

>>50543
So you keep SR levels in mind?

Any recommendations, specially since from what I see, our strats are pretty similar?

You mentioned using wide stops before. What I do is set SL below recent swing high/low near the engulfing candle that gave the signal entry + a couple of pips. How do you set SL and TP? how big are they usually? mines are usually between 30 - 80 pips and I go for RR 1:1, maybe not the best.

Sorry for the questionnaire, but it's not often I find someone that trades similar to me.

Last thing, which PA do you watch out for? or is it "patterns that come from experience" i.e. 1ks of ours of chart time?

>>50678
I watch for significant pschological numbers and I always keep in mind where the market sentiment is, the easy way to do this is find out what the market thinks of the USD at the time since the USD basically drives all the moves, I watch US news events all the time, Especially Fed moves.

Pic related is a perfect example of a key level, I stay away from these levels because of what happens to them (unless I want to go short in this case) as you can see, there is a violent opposition to this resistance level.

I generally use 150-200 pip stop losses with a 1:2 R/R, sometimes 1:3, trends as you know, can last for a very long time before pulling back, I find it's best to ride the wave and get maximum profit.

As for SR levels, I do keep them in mind however I am more inclined to look at trendline SR levels because they represent the greatest R/R in my view.

Questions are always welcome, we learn from each other, I love to share with other traders. I see it as us against the banks and I hate the banks..

>>50798
>150pips SL
I see, what's your risk per trade then? how long do your trades usually lat?

>>50856
I trade standard lots so $1500 per trade going for either $3000 or $6000, sometimes more.

Here is an example of last month's trading:

>>48175

>>50798
Also, any advices?

My objective is to attain a consistent 10% a month growth, I'm happy with that. I'm risking 1%, but once I get get the hang of it, I'll be using a 2% risk.

>>50870
Damn, that's like 15% risk per trade. Hey, if it works, awesome. Are you consistent?, I imagine you have to be pretty certain to enter a trade, how many trades a month do you usually enter, 5 like in the screenshot?

>>50899
I have been consistent for 2 years so yeah, its working out for me, the thing is I eat, breathe and sleep forex, I'm always on the market pulse so I just find it natural to be more confident in my trades.

5-7 trades a month, I try keep it low so that I don't end up getting killed by commissions, I use an ECN broker so my spreads are low but I do pay commission, luckily I have a rebate program that pays me back about 50% of the fees every month.

>>50899
As for advice, I think just stick to what you're doing, you're definitely on the right track, I don't like to tell people how to trade but I would recommend maybe widening your stop from 30-80 to about 100 at least, I say this from experience, I used to use 20 pip stop losses and got stopped out so many times it was painful.

Just don't give up, keep at it and keep consistent, that means don't change your strategy unless you are certain it isn't working.

Do. Not. Trade. Currencies.

The strategies that major investment funds execute will be completely unprofitable for anyone with a consumer account. You'll get completely fucked by fees.

>>50954
That's only true if you trade too much, naturally commissions/spreads will kill you, but if you don't overleverage and you don't overtrade, you're fine.

>>41949

What would you suggest the best way for an ordinary pleb like me to brake into the financial market?

It seems that everything to do with the finance sector is over complicated, is there any money for your ordinary to make within the system?

>>51040

Just throw it in a US Equity ETF. It's low-fee and you're basically investing in the US stock market. Unless you seriously follow the markets (which you don't unless you work in the industry or day-trade 18 hours a day), you're better off that way.

Where are you from?

http://strawpoll.me/1162519/

>>41744
My father is trying to make money 3rd year now.

He still constantly asks me for money, so I have a feeling that he doesn't do well: I make more money simply holding money on debit card that yields interest.

There's also problem that most forex brokers where I live offer some shit software that allows to write bots only in really shitty scripting language which I which I will not touch with ten foot pole.

>>50949
>>50989
I know what you mean bro.

It's like a mixture of several things creating an emotional-rational cocktail that fucks you up:
- From one point of view, you know this (yours and mine) strat makes sense, plus the PA confirmation. You backtest then check history and it all pans out.
- But again, once you're with your finger on the trigger, you read the signals, make your conclussions, but you know that it's all subjective anyway, the strength of the signal, how wide a SR level is, etc.
- And then when you lose, you don't know if it's because you misinterpreted something (your fault) or the method is flawed (method's fault), or it just was part of that 35% of the trades that will fail even with all signals aligning.

Anyway, I hope I keep seeing you around this board to chat once in a while.

Last couple of questions, how much do your trades usually last? and, do you wait for PA confirmation to enter a trade, if so, what patterns?

>>50989
Can the knowledge I can acquire at http://www.babypips.com/school help me outside of Forex, like stocks and such?

There's something called the 90/90/90 rule.

90% of traders lose 90% of their money in 90 days.

>>51252
for real?

>>51256

https://www.youtube.com/watch?v=xtCtGmDgSss&list=UUcgaoWXUKFl-P3rdNXCuWjg

>>51256
...
What do you think, buddy?

>>51285
Sorry for asking such stupid questions, Mr K!

>>42014
Are you the anon with like 130K Kr?

>>51055

Personally i think the US market is a bit too unreliable at the moment, everything is overshadowed by the fear of the next big crash which comes every couple of years... Is there a Chinese/Indian/Ethiopian alternative where i wont just be scammed out of my money? I can see them steadily growing for a long while yet, with profits for companies much better because of cheap labor costs.

>>51176
Yeah its interesting, in the end it really comes down to mastering yourself. Trading cautiously goes against human nature, we are gamblers, we seek highs, so that is definitely the key, once you master yourself you master your trades.

My trades generally last from a day up to a week, I don't hold positions over weekends unless I'm extremely confident in my convictions.

As for confirmation, I watch the momentum, you can tell where significant levels are because naturally they get rejected, so I wait for those levels with the most volume and I enter on the retest, this can happen on any time frame, if it doesn't retest then I scrap the trade, it's not worth getting in after that to me, it raises your risk of being stopped out substantially.

Just a daily reminder that the faggots who shout >muhscam are the stock kiddies with their head tripfag Wipe

ignore and hide their posts

>>51496
Yeah, there will always be those people. But they aren't entirely wrong, the forex market is most definitely manipulated, the banks control 70% of the volume but that doesn't mean you can't make money, you just need to emulate them and learn from their moves.

I see that Wipe guy has quite a following, I don't really agree with his methods, they seem rather simple. Also, I wouldn't trade stocks, there's no point unless you have a significant amount of capital because the leverage is so low.

>>51512
I wouldn't say they control or manipulate anything. There's just a lot of factors that come into play w/ FX, much more than stocks.

Big bank conversions.
Corporation payrolls needing to be converted.
Fundamentals affecting their local economy.

It's a lot more than just, "Zuckerburg is an amazing angel!".

>>50543
>>50798
>>50184
Basic bitch question here. What's the meaning of the thin and thick lines on the points of these graphs. I notice some are thick with only smoke lengths of the thin line and some are mostly thin with only small lengths of the thick line. Also the lines come from both sides on some.

>>52872
You talking about the wicks?

By far the most popular charting type is the candlestick chart. Those 'wicks' are how high or low the price got for that session.

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:introduction_to_cand

>>52279
Top 10 currency traders [63]
% of overall volume, May 2013 Rank Name Market share
1 Germany Deutsche Bank 15.18%
2 United States Citi 14.90%
3 United Kingdom Barclays Investment Bank 10.24%
4 Switzerland UBS AG 10.11%
5 United Kingdom HSBC 6.93%
6 United States JPMorgan 6.07%
7 United Kingdom Royal Bank of Scotland 5.62%
8 Switzerland Credit Suisse 3.70%
9 United States Morgan Stanley 3.15%
10 United States Bank of America Merrill Lynch 3.08%

http://en.wikipedia.org/wiki/Foreign_exchange_market#Market_participants

This is what I mean by they control it.

>>52954
Thanks. My next question was going to be "what are candlesticks" so this answers two of my questions.

>>53089
No.. they're just the biggest users and it's not like they're just sitting there, playing the market.

Don't be dumb.

Anyone who thinks you can rig the FX market is a fucking muppet.

>>54270

It's pretty easy, actually.

>>54374
Do tell, then.

Oh great anon.

>>54437

http://uk.news.yahoo.com/fx-fixing-scandal-hsbc-suspends-2-traders-amid-152516686.html#McbmT58

>On 16 January, sources said that banks are feeling the pressure as "hundreds" of traders are tipped to be implicated in the suspected manipulation of key foreign exchange rates across the globe.

>According to a number of unnamed sources, the prolific use of electronic chatrooms show groups of senior FX traders, known by names such as "The Cartel" and "The Bandits' Club".

>These groups are alleged to have shared market-sensitive information surrounding the popular benchmark currency rate known as the London "fix".

>However, following the US, UK and Swiss regulators' crackdown on the banks, Citi, Deutsche Bank, JPMorgan, UBS, and Goldman Sachs have all banned electronic chatroom activities.

>Meanwhile, two of the largest FX dealing banks on the planet, Deutsche Bank and Citi, have suspended a number of traders and spent millions of pounds in a bid to help regulators with their investigations into FX rate rigging.

>On 15 January, reports said that Deutsche Bank suspended one New York based trader who deals in Argentian pesos, after allegedly finding emails that indicated attempts to manipulate benchmark foreign exchange rates.

>During the same week, Citi had allegedly fired one employee after a period of suspension.

Wait, I get it.

Most of us here have probably read "Rich Dad, Poor Dad" at least once. Was a fantastic book for me, as my family was useless as fuck.

These people that are scared of FX? They're chicken littles; wage slaves who will never amount to anything because they're scared of their own shadow.

>>54437

Also, central bank intervention.

/discussion

>>54462
Stupid. This is just people working together to gain something and it probably worked a handful of times.

There are many places to collaborate trades across the net.

>>54437

Did I mention forex brokers running their client's stops? Gotta watch out for that.

>>54486

>he doesn't know banks trade against order flow

lel

>>54509
Market makers in the stock market do this too.

>>54509
Multi billion dollar banks don't care about retail traders stops. They are going after each others stops. Soo many loser traders blame their stops getting hit on stop hunting. No sorry kid, your trade just didn't work out.

>he doesn't know banks trade against order flow
>he doesn't know that banks as liquidity providers have to do that.

Take the recent Cable run upwards. When you buy the GBP/USD your BUYING pounds and selling dollars. Without a buyer for dollars that trade doesn't go through. Hence the banks as the liquidity provider fill those orders for their clients. It isn't some conspiracy, stop with the tin foil shit.

>>54684

>manipulate the fix
>increase order flow profits

Only the deluded or economics professors think the interbank forex market is perfect.

>>54816
No one said it was perfect, but if your trying to argue that banks providing liquidity by filling orders is somehow manipulation then its obvious you have no idea what your talking about.

>>41744
Forex is something that you do in addition to other things like stocks, bonds, ETFs etc. the volatility just isn't consistant enough in the Forex market to make it your career if you don't plan on going to work for a big bank down the road.

>>55199
>I know nothing

Trade 1 standard lot and make 50 pips a week, thats 500 a week. You can live off that. Are you really telling me the Forex market doesn't move enough to make 50 pips a week.....

>>55199
FX is the most volatile market you doofus.

Does anybody use the Fibonnaci in their technical analysis?

>>55333
Nice trips.

Yes.

>>55333

Only the 50% level (because it's been seen and used forever).

>>55333
I prefer pivot points

>>55257
That is no money at all, none zero. You can't even get a good suit for $500.

>>55351

Thanks!

>>55353

50% thats a safe bet real men go for 75% (just kidding)

>>55362

Never used it before care to explain why you use it? I'm always open to new tactics.

>>55411
Yeah $2000/mo is some poor-level shit.

>>55362
Why?

>>55439
Pivot points vs fib levels.

Pivot seems all over the place..

>>55411
>>55439

He was showing that you could make a minimal living using one standard lot. Obviously, more lots = better living.

>>55439
You could make two grand doing a dead-end 9 to 5 job and they would provide you with some form of retirement and health plan in most cases.

To make real returns in Forex you need at least $100k in your trading account and you have to trade monthly charts and longer with a generous stop loss to carry you through false trends. All that minute and hour shit is a waste of time.

>>55411
>>55439
50 pips is bare minimum, I was just using it as a way to explain that volatility is never an issue with Forex like the aspie i responded to said.

>>55415
>>55439
I prefer pivots due to trading the M5. They give a more intraday perspective over fib points. On top of price relation to the daily pivot to give you an idea of direction

>>55495
My example would take you 5 hours a day, even less if the trader was good.

You can trade 2 standard lots with 20k safely.

Now a good trader can easily pull 100 pips a week trading 3 pairs. 2 standard lots 100 pips a week is more than you make.

>To make real returns in Forex you need at least $100k in your trading account and you have to trade monthly charts and longer with a generous stop loss to carry you through false trends. All that minute and hour shit is a waste of time.

Why do stock kiddies and non traders keep posting in Forex threads? 100k?? Are you seriously retarded?

>>55554
...and then you have a bad streak of luck and you're account gets so low you can't even afford one lot. When you're trading with your style it's only a matter of time before you get greedy and fall into a trap and get wiped out.

>>55554
Is there a chart somewhere or a table that shows how much pips (20, 30, 40, etc) per lot (10-100) equates to profit?

>>55554

When I begun Trading Forex I focussed on 8 different pairs it was a big mistake now I just do 3 and it consumes most of my day.

>>55596
You can google pip calculator, but don't put to much stock in the numbers you see. When you actually start trading with a live account there are a lot of real things that come into play such as slow order execution times and transaction fees that cut into your profitability. Also using demo accounts it's the same as a live account when it comes to order execution times.

>>55592
Again, your showing you don't know trading at all. A bad streak of luck means nothing if your practice money management. Check out babypips.com bro, you will learn something. My style of trading has been back tested on top of forward tested I like the results so I trade it. Again, read up on Forex before you speak about it.


>>55590
I follow 3 and its not too hard. I have alerts to help me out.

>>55596
http://www.fxstreet.com/forex-tools/pip-value-calculator/#

There you go bro

>>55627
>isn't the same

typo

>>55627
>>55631
Thanks guys. :)

>>55627
What fees? If your talking about the spread then it doesn't take money from you at all. Its not a commission. Why don't you shit up the stock threads with your MUH FEE's talk. They pay commission and a spread.

Only Forex fee's are from ECN brokers and they waiver it if your trade volume is a little above average.

>>55666
I just want him to realize it's not all straight profit you pay to play.

>>42190
no it's true, Forex is actually rigged see:

http://www.ft.com/intl/cms/s/0/a296da48-9579-11e3-8371-00144feab7de.html

incidently, libor rates are also rigged

>>55631

Which one do you have if I can ask? I'm in EUR/USD EUR/JPY and USD/JPY(cousin works at the ECB)

>>55717
>http://www.ft.com/intl/cms/s/0/a296da48-9579-11e3-8371-00144feab7de..
There was never actually any evidence that the final LIBOR rates would have been different.

>>55700
Unlike stocks spread isn't an issue with Forex traders unless you are an insane tick or M1 chart scalper. Then spread matters. I am guessing nobody here scalps M1

>>55720
EUR/JPY
GBP/USD
AUD/CHF

I most of my trades are on the EUR/JPY. If you can catch its moves you don't need to bother with the others.

>>55717
>March 2007, a December 2006 interview from TheStreet.com's "Wall Street Confidential" webcast stirred controversy after it appeared on YouTube.com.[25] In the video, Cramer described activities used by hedge fund managers to manipulate stock prices—some of debatable legality and others illegal. He described how he could push stocks higher or lower with as little as $5 million in capital when he was running his hedge fund. Cramer said, "A lot of times when I was short at my hedge fund...When I was positioned short—meaning I needed it down—I would create a level of activity beforehand that could drive the futures." He also encouraged hedge funds to engage in this type of activity because it is "a very quick way to make money."Cramer stated that everything he did was legal, but that illegal activity is common in the hedge fund industry as well. He also stated that some hedge fund managers spread false rumors to drive a stock down: "What's important when you are in that hedge-fund mode is to not do anything remotely truthful because the truth is so against your view, that it's important to create a new truth, to develop a fiction."[26] Cramer described a variety of tactics that hedge fund managers use to affect a stock's price. Cramer said that one strategy to keep a stock price down is to spread false rumors to reporters he described as "the Pisanis of the world." The comment was a reference to CNBC correspondent Bob Pisani, who reports from the trading floor of the New York Stock Exchange. "You have to use these guys," said Cramer. He also discussed giving information to "the bozo reporter from The Wall Street Journal" to get an article published.[27][28] Cramer said this practice, although illegal, is easy to do "because the SEC doesn't understand it."

Stocks are rigged, so you better fuck off to their thread

>>55759

with stocks
>price of certain companies occasionally manipulated by hedge funds or other large investors

with Forex
>allegations suggest that the rates were regularly manipulated by a consortium of the largest banks in the world

tell me which is more fucked up

>>55717
And that's just the biggest example of fraud, the brokers you MUST do transactions with are more than willing to fuck you over with artifically slow execution times. Just Google the most popular brokers in the FX markets and you'll more than likely find that they have been fined at least once for slippage malpractice.

FX can make you money, but the brokers are the only ones that are all but assured to get rich.

>>55791
With stocks you still have the opportunity to own a piece of a real business. With FX you're just speculating.

>>55791

>rigging everywhere

Same as it ever was.

>>55791
The more fucked up one is that retirement funds, charities and other 3rd parties are dependent on the stock market.

Forex doesn't move the market enough in the short term for consumers to even notice.
Again, why don't you shit up the stock threads with this manipulation trolling

>>55813
But it doesn't really matter whether it's a real business or not on smaller scale.

>>55813

Funny thing is producers say this about stockbrokers "they don't contribute anything to the value of the company , they are just leeches"

>>55796
Any slippage I experienced from brokers I have vouched for they have paid me back every time.

Ask their client relations if they do

>>55832
Oh brokers are always shit and nothing but commissioned salesman no matter FX, stocks or any other financial market.

>>54225
Yeah they totally wouldnt just manipulate the market and profit billions of dollars because that would be you know.. immoral!

>meanwhile libor
>meanwhile subprime
>meanwhile london whale

So before the thread dies does anybody know a broker that allows to trade with exotics?

>>55914
Oanda has most of them, the spread gets a little crazy with some

>>55925

Great thanks I'm thinking about switching brokers (ATC brokers atm) but its a real hustle to transfer my funds.

>>55257
Damn 500 a week?

That's like 26k off a couple decent investments.

>>55951
Oanda is US though....so 50:1 max

>>55973
>investments

>>55554
So you make like $60k a year doing forex?

>>55976

I don't mind that much it doesn't allow hedging neither right?

>>56048
Yea not hedging. US brokers are soo dumb

>>56076

Oh damn I prefer to not be restricted in my freedom, I'll keep looking thanks anyway.

>>56089
Check out Finfx if you want a non US broker

>>55495
>To make real returns in Forex you need at least $100k in your trading account and you have to trade monthly charts and longer with a generous stop loss to carry you through false trends. All that minute and hour shit is a waste of time.

lol, I started my forex account with $1k about a month and a half ago. My aim has been to hit a 10% profit each week, and I've hit that at minimum.

A lot depends on what kind of leverage you can use, and how your broker operates of course. Since my initial invest is small, being able to run multiple $100 100:1 positions on one pairing is godly. When I'm confident in a direction, I'll up to it to $200 and cut it at 15 pips.

Doesn't seem like much at first, but I'm close to doubling my money after almost two months, just by looking at some charts, placing a couple of clicks, then getting a notification that my position closed due to a take profit a day later.

>>41744
My father started to really get into this shit.

He installed something that makes some noises on all computers and all the time asks me about


>how much the profit is?

>>56715
Its really simple, yet people complicate the fuck out of it

>>56917
I'm considering trying this out later this year, I'll have about 30-200k to start with depending how I feel about it, though I'll test with a smaller amount before that of course.

>>56917
>>56715
"There seems to be some perverse human characteristic that likes to make easy things difficult."

>>56952

Start out with $5k. Forex can go against you in seconds.

Ask a forex broker anything.

No, you lost the trade because you're a retard, not because ooga booga scam.

Mt4 sucks but you niggers love it for some reason.

Mt4 cannot into ecn despite what some brokers claim.

Yes your ecn account with commission is marked up with spread as well unless you see negative spread.

>>56985

What platforum do you use? Also Fundamental or Technical analysis?

>>56985
Is a lack of emotional control the primary reason for people taking large losses? From what you've seen, that is.

>>57005

I don't trade myself.

If I had to pick one I'd choose ctrader or acttrader.

It all depends on the broker.

I see analysis as bullshit.

>>57005
>>57027
>not using thinkorswim

>>57027

If you don't use analysis what in heavens name do you base your decisions on?

>>57027
>I see analysis as bullshit.

Then how would you trade at all?

>>57079
I roll a dice, of course.

>>57008

Greed is the number one cause for stopouts and traders losing profitable positions.

EAs won't help unless you break the platform (easily caught) or a genius (in which case sharing your EA will render it useless)

>>56985
George Soro's here

Shorting the Pound

>>57090

>>57072
>>57079

The short answer is psychology.

Look at the markets as a pool of human consciousness.

>>57126
Ergo, analysis.

Fucking retard.

>>57126
This is hard.

GBP/USD should have gone down at around 1.66 but spiked higher and higher. Most people got scared and shorted around this area. [just looking @ order books]

But it kept going higher. How can you look at it this way if it's completely irrational?

>>57126

Soooo you look at a graph to track the market movement and the volumes being traded? or what?

Uberinteresting thread, hope the guys with the trips are here to stay.

My only question for now is what trading platform (if it matters) one should start with. I read about Altair not too long ago. Other than that not really familiar.

>>57187
FX has no reliable 'volume' measurement

>>57205

Ofcourse you don't need to base your expectations 100% on it, its nice to have an idea.

>>57153

You are looking at order books of your liquidity pool (or your broker's client base depending on platform)

You will never see the full picture on fx like you would on stocks.

>>57195
Alpari*

>>57234
http://www.myfxbook.com/community/outlook/GBPUSD

>>57240

That's a broker not a platform. It depends on how much money you have.

If you have 100k+ go with a broker offering currenex.

Alpari/fxcm/gain are market makers, not stp or ecn. All types have their ups and downs. If you go with Alpari make sure to registry with UK not their offshore brand

>>57234

So basicily you are trading against your client?

>>57261
You are looking at retail traders.

Even if all retail volume in the world was cleared through banks it still would have negligible effect. (5-6trill monthly inc japan vs 4-5trill daily)

>>57317
>>57234

I see, thanks. I've chopped recent experiences up to, "all major moves will go further than you expect it to".

Is there a better way to get a view of things?

>>57279
Depends on the broker. Most market makers trade against with a certain percentage cleared to liquidity providers.

STP/ECN brokers will pass your trade on to a liquidity provider or you will be matched in a pool. However there is no way for you to be certain that whatever a broker claims to be will be that (ECN accounts for example are very much impossible on mt4) and there's no guarantees that a liquidity provider won't fuck you over either (they fuck brokers all the time)

>>57344
Work at a retail fx dealing desk.

Seeing demo account blotter is almost like cheat codes since people don't give a fuck about virtual money

>>57090
kek

>>57360

I see thanks! Can I ask what degree you have I would love to have a job like yours.

>>57384
I take it that you don't think trading for a living is possible?

>>57438

I am not a dealer although that was my first promotion.

I am an executive at a mid level boutique broker.

No one cares about your degree in this industry (unless you go to the banks but they are bureaucratic shitholes). Just stay away from Cyprus companies like ironfx and scamshops like instaforex, they spend alot on marketing and personnel but they are all lies and both are due to implode.

I personally have met some of the workers of ironfx and I have never seen a sorrier bunch of excuses for salespeople. These types of companies will turn you into used car salesmen and will be a black stain on your resume.

>>57448

It's possible as an individual trader but extremely rare.

>>57438

I would also suggest trying out some of the b2b tech companies as a salesman. You will learn the ins and outs without getting your hands dirty. (Stay away from israelis and Cyprus)

This industry has left me a soulless husk.

>>57554
>It's possible as an individual trader but extremely rare.

I wonder why. Lack of due diligence?

>>57554

Thanks!

>>57673
>I wonder why.

>>57725
?

Why is there no commodities trading thread?

>>57727

make one

>>57673

Most traders lose money and all of them believe they are or will be part of the tiny fraction that makes money. The resemblance between the avg gambler and the avg forex trader are pretty astounding.

Naive, gullible, lazy and greedy is what I generally see.

That's why most fx brokers market the same way as Internet casinos.

>>57806
How do you become a broker then?

>>42170

This is helpful, thank you. I am saving this thread to read. I have been around the forex forums, and have been kicking around the idea. I am not looking to get rich. I just would like to know if I can develop it as a skill to at least supplement income. It dovetails with other interests of mine anyways. I see it more as a small game that I could learn to play and maybe even get good enough to make some small gains.

I appreciate any contributions people here make, and am grateful for the new board.

>>58083

You just asked me how to open a business.

If you don't have 500k liquid capital and enough steel nerves to see your business in the red for some years, I wouldn't bother. The market is oversaturated and you'd need to hit the emerging markets or demographics, this isn't really something I can help you with over 4chan

Anyone trading the pinbar that just formed on USDJPY H4? Any predictions to this pair's near-term future?

>>57806
>>58219

Brokers are a riot, my cousin works at the main currency dealing desk at UBS. They have this know it all mentality about the markets but they don't trade. And the ones that do fail at it. Doubt what I just said? Why in the fuck would you stick with a on average 70k a year job with insane hours if you knew how to trade the market???

Good traders are never broke.

Look at Victor Niederhoffer, he lost everything then came back and made a new fund and is again a multimillionaire

>stockfags can't in to forex
lelelele

http://www.bloomberg.com/news/2014-02-18/fx-traders-facing-extinction-as-computers-replace-humans.html

>>59450
I just shorted it and left. I'm not sure where it's going to go. The SMA50 is almost over the SMA100, indicating that it should be relatively bullish.

We'll see I guess.

>>59742

>bloomberg

>>59752
Short this EUR/USD range!

Look at the 133tk chart, lulz.

Reminder: do not day-trade during American holidays.

0/3 today ;_;

>>59890
it's not that bad. what timeframes do you use?

>>59951
Depends on the session. I stopped at London because NY would be dead with a holiday going on.

>>59767
>IS THIS NIGGER EVEN SERIOUS

LE JEW MAYMAY REALLY WON'T HELP YOU IN MARKETS

>>41744

>most efficient market of all financial markets
>implying out performing the market is possible in the long run

>>60520
Is that a good thing or a bad thing.

I've never earned any money online, so my question is, how do you cash out? Especially if it's internationally. Don't you have problems with taxes or something like that?

Over the months I've been trading in this market I turned into an addict. I need to trade several times a day.
How to quit overtrading? Oldfags, plz advise.

>>56952

Don't wait to try it out. Start with a demo account now. Learn and practice as much as you can before you throw real money at it. Half of it is learning trends, where to place stops, etc. The other half is developing the confidence so you don't freak out when a pairing takes a massive shift. The biggest obstacle to overcome with forex is the psychological aspect. You need to keep a cool head, and stick to your plan.

Trust me. When I first started I blew about 60% of my equity in a little over a day. The market took a sudden shift, I lost a couple of positions, then panicked and tried to make the money back right away with a higher leverage.

Guess what happened? I lost even more money.

>>60625
Trade lower time frames. Try that out

>>41744
Forex is a scam. As a decentralized market, forex "brokers" run bucket room operations where they take the opposite side of your trade. There is no actual trading going on like equities, options or futures. Considering your broker is taking the opposite side of your trade -and you are paying an absurd spread, no where near interbank prices- you have no chance of making money in the long run. Your broker won't just sit there and let you take money from them over and over. Price feed manipulation, ridiculous price quotes, sudden liquidity drops etc. You name it. When you trade in a bucketshop, your broker will screw you over in so many ways.

If you wish to trade currencies, do so with futures. Since they trade on exchange, there is transparency where this stuff simply doesn't happen.

If you trade forex, you're literally being conned. It's actually embarrassing when I see people like yourself recommending it because you simply don’t understand how the game works. You’re new and naive and they prey on your gullibility.

>>60583

I have a related question. I've been going through the babypips lessons and (correct me if I'm wrong) as I understand it when you short a position you are both selling the base currency and buying the other one, such that you always own some currency and thus have to constantly keep playing. So is there a way to fully cash out such that you no longer have anything in the market at all?

>>60922
GLOBEX FX OPTIONS MASTER RACE

>>60562

Bad thing. Read up on the Efficient Market Hypothesis.

It isn't 100% valid (behavioural finance explains why) but in a market like forex it is pretty accurate.

>>60625

This means you are basically gambling. Might as well go to the pokies.

If forex is a scam, then let we fall in it and loss our money.
We don't need stockfags repeating this everyday, thanks

Wow this thread really picked up.

Thought I'd just post a trade and explain how I look at things, might help some guys out who want to better understand what's going on.

So this is a short of the GBP/USD. In the pic you will notice 2 trend-lines, now what I would do is first I'd decide what I want to do, Buy or Sell, since the price is right at a key resistance point I decided to sell but as its against current momentum I am going to watch it very carefully. There are 2 trend-lines, the buy trendline is sloping up and the sell trendline is sloping downwards, these represent (to me) the best R/R.

>>61147

It's not a scam, it's just not a very good way to make money. That's all.

We are trying to stop newbies from losing $10K because some fuck from /biz/ told them how good forex was.

>>59450
I took a long trade on that, the news that the BOJ is going to double the scale of their loan program leaves me very bullish on USD/JPY and it just so happens that USD/JPY was sitting on the trendline. I took the trade a while ago though, wouldn't recommend getting in now as the price has already run quite a bit.

>>61238
Are you the FXbroker? You should get a trip, I think people could learn alot from someone like you since you know what goes on in the business. It would be good to deter people who think its easy money too.

>>61064
EVENTS WILL SEND PRICE UP AND DOWN REGARDLESS OF HOW EFFICIENT THE MARKET IS

INDIVIDUALS CAN'T HFT ARB TODAYS MARKETS, EFFICIENCY IS IRRELEVANT IN PRACTICE

UNDERSTAND THE NEWS, DEVELOP A THEORY, DETERMINE THE PROBABILITIES AND POSITION PROPERLY, YOU'RE ESSENTIALLY FRONT RUNNING THE BANKS BEFORE THEY'RE FORCED TO MOVE

BE LIQUID ENOUGH TO SWING FOR A MONTH AND NOT GET STOPPED OUT LIKE A BITCH

>>61461

>I CAN PREDICT THE FUTURE

Jesus, nice one bro. Tell me more about how you can trade on news events before they happen.

Also, by the time you see something on the news, it has already been priced into the market. Good job not understanding what efficiency means.

>>61745
Very few news events effect the market in the long term so it's really not such a big deal, I just wait for news events to happen and use them to get good positions in the direction of the trend, especially if the news events aren't important but go against the trend.

>>43278
>so nothing to lose
except your capital

>>60922
>what is an ECN broker?

It's embarrassing that you think you know anything at all about forex. Go back to your futures and stocks where you have rules and limitations to how you want to trade, I'll stick with my freedom and profit.

>>61907
Its just a copy pasta stock faggots have latched onto.

Whats even sadder is they have no idea what they are talking about

going to make another london session thread

>>62042
Mind linking it here? Would be keen to join

>>62126
>>62206

London thread

>>59481

What did you want to say with this?

Bank workers aren't retail brokers.

Imo bank workers are wasting their time for shit pay.