/biz/ - Business & Finance

[Anonymous No.15843419]

>nobody on /biz/ is trading forex despite having a daily trading volume that completely mogs every other market combined

[Anonymous No.15843446]

I want to get into Forex but don't know how to (not get rinsed of all my money)

[Anonymous No.15843463]

Is it easy to make money on Forex with that much money just sitting there wishing around? I say yes, think about it like this: You start with 500 dollars, that’s a tiny, tiny percent of the total money sloshing around in Forex, so if you make a couple hundred dollars nobody will even notice. It would be hard to make money on Forex if you start with a lot, say 10,000 dollars, because that’s closer to the total amount of money sloshing around so someone would notice you making money.

[Anonymous No.15843468]

>>15843419
because trading forex is a sure fire way for brainlets and even reg sized brain people to get dicked

[Anonymous No.15843519]

>>15843463
What the hell are you talking about? 10k is nothing. The bank does not see you. The market does not see you. It only sees the price of the currency and moves back and forth accordingly. 10k is so insignificant as to be nonexistent.

[Anonymous No.15843541]

>>15843468
If forex is for brainlets then every person here playing with stocks and coins is truly brainless.

[Anonymous No.15843921]

>>15843419
The Forex volume is a meme. You don't have access to it anyway. You're left with nothing but shady brokers who can manipulate the wicks any way they want.

[Anonymous No.15843929]

>>15843463
This man is a broker.

[Anonymous No.15843941]

>>15843463
Think about fees in proportion to your trades, brainlet.

[Anonymous No.15843982]

>>15843419
i traded forex profitable for several years... fact is, it's the most manipulated market after gold.
crypto trading has gained lots of traction from several traders, former investment bankers, traders for companies and independent ones

[Anonymous No.15844000]

>>15843941
He's a broker trying to sell retards into the idea that they can make money trough forex. What he says isn't even logical or makes any sense. What he says is paranoid and works the idea that something or someone is preventing you from making money other than yourself. As most people must feel trading the markets.

[Anonymous No.15844004]

>>15843982
>forex and gold are more manipulated than crypto

[Anonymous No.15844077]

>>15843982
>forex is more manipulated than crypto

[Anonymous No.15844289]

>>15843419
how do I trade forsex?

[Anonymous No.15844321]

>>15843982
why did you stop?

[Anonymous No.15844353]

>>15844004
>>15844077
They actually are. Because in crypto everything is on a public blockchain.
Imagine an exchange moving all their assets out and trading based on nothing. Imagine trading more assets than actually exists. Imagine controlled pumps and dumps with fake assets.

Tether is getting shit on for printing dubious amount of USDT, but Forex and gold markets are doing that times 1000 for decades.

[Anonymous No.15844372]

>>15843419
Forex has most competitive markets in the world. It will wipe you out every time if you don't have the tools and understanding of the people who make the market. And no, they don't make their decisions based on technical analysis.

[Anonymous No.15844389]

>>15843419
Higher volume means less volatility on larger time frames. Doesn't mean you can't make money, but you won't do it without literal millions of your own cash to trade, or using margin leverage which exposes your position to being margin all/stop hunted.

Personally I like to trade my own money with zero leverage, that means I need to expose myself to markets with higher price spreads (ie. Stocks, crypto) if I want to get decent returns.

Comes down to risk tolerance and trading style mostly.

[Anonymous No.15844399]

>>15844372
Yeah, Forex is not for your average brainlet coin holder. That's why it's not popular here. You actually need a brain to not blow up your account.

[Anonymous No.15844471]

>bizfags that fail in their own market think that their shit is more manipulated than forex

LMAO

There's a reason why forex is considered the hardest market in the world, and thats because it's the most manipulated. The biggest players know exactly where the juiciest stop caches are, and they frequently push towards them.

No they won't move the market 0.5% just to stop out your shitty $7 stop loss, but they will do it if youre a brainlet that puts it in the same place as every other dumb muppet (eg above the previous peak or below a resistance) to collectively stop out the brainlet collective and their millions

[Anonymous No.15844514]

>>15844471
Yup. Not to mention the standard lot size is 10,000 units and the smallest tradable lot is a nano lot of 100 units.

If you're trading a sub 7 figure account you literally have to use margin to take positions if you want to play the game at the standard lot size, which inherently means being margin call/ stop hunted.

[Anonymous No.15844650]

>>15844372
>>15844399
Actually forex is the ultimate brainlet market because it's so big that it's not moved by anything but price. People constantly fail in forex because of complexity worship and trading at the market in giant position sizes they can't afford. Buy low and sell high is all you need. And use scaled limit orders instead of buying at the market. Take a single lot and cut that shit into pieces. If the market goes low, buy. If it goes lower, buy more.

Forex trading is for dumb people. Dumb people make money. Smart people over-complicate everything and try to chase the market.

[Anonymous No.15844881]

A few years ago I downloaded a demo program that gives you 50k usd to play. I didn't trade any pairs only usd. Just taking profits only a few pips up and selling a few pips down. Basically just trying to just over the spread. I tripled my demo account in days. Thought there's no way so I never bothered putting my own money in. Still to this day think forex is a meme, does anyone actually make money day trading this over a sustained period?

[Anonymous No.15844983]

>>15844881
no. and every forex forum is filled with the equivalent of /biz/ deadcoin bagholders. None of them are profitable but they're all convincing each other, just a few more months of practice and they'll get it, leading to exponential returns.
If you tripled your account, you were using leverage that will bankrupt you within a month, two if you're super lucky.
It's mathematically rigged for the brokers, one day i'll make an infographic when I have time. In the stock market you can make 7% a year. In forex your expected returns are negative.
Everything you can do in forex, you can do in the stock market with much better outcomes. Only brokers will shill it.

[Anonymous No.15845121]

>>15843419
No shit it has the highest volume, that's because you have to use hilarious amounts of margin to make any really money

[Anonymous No.15845155]

>>15844983
You have a fundamental misunderstanding of leverage, and it's actually the same shit parroted around on forex forums saying "high leverage is bad". Leverage is nothing but a percentage requirement you need in your account to make trade sizes. More leverage does nothing but help you. People get killed with high leverage because they abuse it to gamble with insane trade sizes they can't afford, and then they go and blame the broker crying that they lost money when they got margin called when the trade moved a few pips against them.

[Anonymous No.15845173]

>Boomer memes
Anyone else can't stand the cartoon style that boomer "business people" draw in? Massive fucking cringe, almost as bad as old women with snoopy bumper stickers

[Anonymous No.15845189]

>>15845155
found the broker.
>Leverage is nothing but a percentage requirement you need in your account to make trade sizes
lol no. Leverage is how many dollars you risk per pip. You are lying about a very basic concept.
>margin called when the trade moved a few pips against them.
So first you lie about what it is, then explain what it is exactly in different words. When you risk more per pip, any small random fluctuation will destroy your account.
>inb4 small leverage is good
and small leverage means small returns, not even worth working for. Small leverage means 10 dollar returns on big moves, unless you're already rich with a huge account, in which case you're probably smart enough not to waste your money on the scam.

[Anonymous No.15845272]

>>15843463
>10k
>a lot
hello pajeet

[Anonymous No.15845291]

>>15844471
>believing the stop hunting meme

[Anonymous No.15845315]

>>15845189
Again, you are fundamentally wrong about leverage. The dollar amount you risk per trade does not magically increase with leverage. Your trade size is the only thing that can increase that. The dollar amount of risk on a 1k trade with an account with no leverage and an account with 500:1 leverage is the exact same.

The real problem is stupid ass 2% per trade rule that's become forex dogma. It's ridiculous. Of course if you take a 2% trade based on what your leverage allows rather than your whole account you're going to blow it up. If you risk the same amount of money in a high leverage account that you would if you had no leverage then it shouldn't matter. Stop risking your whole account on a single trade. There is no rule that states that having high leverage means you need high position sizes.

[Anonymous No.15845332]

also dont forget that forex trading educators are fraud

[Anonymous No.15845370]

>>15845332
This, especially if they're selling anything.

[Anonymous No.15845386]

>>15845315
you're arguing semantics. profit loss = trade size multiplied by leverage.
If you use low trade sizes, with high leverage, you are gambling on small movements in the price. BTC goes up 1 sat, you make or lose 10 dollars.
If you use high trade sizes, with low leverage, you are basically owning the asset. You own 1 BTC and it goes up 1 dollar, you make 1 dollar..

Reducing risk to 2% per trade just means it takes longer to blow up your account. The math is still against you. Moonboys will never stay on 2% though because they quickly realize they'll only make pennies a day doing that. That's the scam. Making $1 a day on low leverage is not attractive, making it rich quick on lottery ticket trades is enticing.

[Anonymous No.15845419]

>>15845315
This guy speaks the truth. Nobody should have problems with Forex if they calculate their risk based on their real capital. Leverage, if anything, lets you control more trades at the same time due to lower margin requirements.

Only losers take stupidly high risks expecting to be rich quickly, and only the luckiest ones make it.

[Anonymous No.15845460]

>>15845386
I'm not arguing semantics, I'm arguing facts. 2% of your account is 2% of your account whether you have high leverage or not. What leverage should be used for is greater room to withstand drawdown. You should be using it as a permission slip to gamble on fat lottery tickets. Stop blaming leverage just because you don't have any self-control. And I can already see how you trade. Just like the other 99% of losers. You try to snipe the market on a perfect entry and exit in a single trade. I'll bet you've never once used a limit order.

[Anonymous No.15845478]

>>15843463
this might be the dumbest thing i've read on this board today

[Anonymous No.15845488]

>>15845419
Thank you. Finally, someone with a brain.

[Anonymous No.15845504]

>>15845460
>You should be using it as a permission slip to gamble on fat lottery tickets.

typo. Meant "should not"

[Anonymous No.15845561]

>>15844321
crypto is easier, more predictable in my opinion. also way more volatility which is at the end exactly what a trader looks for.

[Anonymous No.15845564]

>>15845460
>i can already see how you trade
I don't. Can't you read? How big is your account and how much money do you pretend to make?
I explained it in the most simple terms and now you're bringing up drawdown which is irrelevant.
Leverage is a loan. If you lose the money, you lost someone else's money and your own. How much you borrow is how dangerous it is. If you want to argue 2x, whatever, warren buffet does that with the housing market, which is fairly stable. You can do 2x in Forex but with a small account you will be making literally tens of dollars a month for lots of effort, if you're winning trades. Pointless. Just hold the stock market.

[Anonymous No.15845694]

>>15845564
Dude, I have explained this as simple as humanly possible.
Just because you have leverage does not mean you have to use it all on big trades. If you trade the same trade size on a high leverage account that you would on an account with no leverage, then all you're doing is giving yourself more breathing room in a drawdown.
High leverage gives you lower margin requirements. It doesn't matter which market either. Forex, stocks, coins. Whatever.
I'll say it again.
HIGH LEVERAGE GIVES YOU LOWER MARGIN REQUIREMENTS.

That's it. That's how you're supposed to use leverage. Jesus christ, you are stupid as fuck.

[Anonymous No.15845714]

>>15843419
All the people I know that do forex are sluts who constantly post on social media about how they’re independent and more forward thinking than everyone else. That’s a big enough red flag to me.

[Anonymous No.15845751]

>>15845694
high leverage means you get margin calls faster. Stop pretending you know the short term future movements of assets.
or by all means, show me your fxbook where you use high leverage and have made yourself a millionaire from $100.

>i'm risking $50,000 but only have $2,000 in my account I'm smart I'm just abusing drawdown and margin requirements
No, you're just creating a narrow volatile reward curve where you're more than likely to get stopped out by any small swing in the asset price

[Anonymous No.15846271]

>>15845751
A half lot trade is about 5 dollars a pip. Ignoring the spread, if your stop loss on that trade is 10 pips and you have a 2k account then that means your risk on that trade is 2.5%. Your risk remains the same regardless if you have 25:1 leverage or 1000:1 leverage. Your leverage only affects your margin requirements.

Your fundamental error is this thought that your returns or losses in forex are directly correlated to your leverage. They're not. They're directly correlated to your position size. The leverage simply allows you to make bigger position sizes than you could have without. Simply don't increase your position sizes beyond what you can afford. Stop making single trades that use up all your margin in one go.

[Anonymous No.15846835]

Forex is pure cancer. The manipulation is even worse than crypto. Once you get adjusted to crypto market cycles and read orderbooks you realize that Forex is so rigged that it's ridiculous. The only ones making money with Forex are the ones that trade with other people's money. Retail buyers get rekt always. Crypto is more noob friendly unironically and a retail buyer might actually make a lot of money with crypto. If you are not a broker Forex will eventually rape you.

[Anonymous No.15847446]

>>15846835
Explain to me the logic of how a market a hundred times the size of everything else combined and no centralized institution can be manipulated more than crypto, whose very market movement can be majorly affected by a tweet. Forex is the ultimate noob friendly market. Nothing ever goes to zero. The markets never close.

[Anonymous No.15847480]

>>15844353
brainlet detected, most volume on btc and shitcoins is not recorded on blockchain it happens internally on the exchange servers

[Anonymous No.15847592]

>>15843419
heres a bit of news for you.

the crypto market is going to btfo the forex market.

[Anonymous No.15847621]

>>15843419

I do. Currently short EURUSD

[Anonymous No.15848499]

>>15847446
>Explain to me the logic of how a market a hundred times the size of everything else combined and no centralized institution can be manipulated more than crypto
Because you don't have access to that market. You only have access to a bucketshop.

[Anonymous No.15848641]

>>15843419
what the fuck are those retarded childrens drawings on the graph

[Anonymous No.15848645]

>>15843463
nice

[Anonymous No.15848666]

>>15843419
good luck with that

[Samuel65 No.15848666,3]

Thanks for sharing Nick!