Forex trading does not make sense

[Anonymous No.10227160]

Hey biz, I've been a crypto day trader for over 1 year now. When I apply how I trade into the forex market, I feel like most trades I do are unprofitable. RSI, stochastic, macd, ext don't help me that much and I end up drawing meme lines. Any advice?

[Anonymous No.10227169]

>Using TA in crypto

ROFL

It's an immature market driven by whales. Your indicators don't mean a damn thing.

[Anonymous No.10227173]

>>10227160
Don't do forex trading because you're not even actually doing real trading. It's a sandbox on the exchange.

[Anonymous No.10227192]

>>10227169
They tell me when to sell high and buy low. Enjoy your bags of dead weight

[Anonymous No.10227200]

>>10227173
The only profitable strategy I came up with in forex is using parabolic sar along with other indicators.

[Anonymous No.10227217]

>>10227160
forex is a bigger meme than crypto, however Forex is pretty easy to trade based on fundamentals. Find a decent forex Calendar and pick a few markets that won't assrape you on conversions( AUS, CAD, etc) and learn what different events mean for the market,

[Anonymous No.10227227]

>>10227160
you are just getting buttraped by algotraders. stick to shitcoins OP

[Anonymous No.10227251]

I make decent money scalping with high leverage but it's hard to tell the end of trends because macd, stochastic, rsi, mfi, ext are worthless

[Anonymous No.10227275]

>>10227227
The only issue is that I live in Canada and it's really hard to cash out my crypto

[Anonymous No.10227283]

>>10227169
>that one brainlet that doesn't understand why pricing analysis is valuable yet very loudly asserts that charts don't work
you will not make it

[Anonymous No.10227479]

>>10227160
TA actually is unusable in the forex market. it's 100% dictated by news because it's a currency. if one day the US decides to say, print 10 trillion dollars for example with QE, TA can't predict this for shit. you need to be reading up on inflation measures, job market status, a country's relationship to another, and overall economic status of the world.

[Anonymous No.10227576]

>>10227217
This, if you keep one eye on the oil price and the other eye on the S&P 500 that should be enough to make long bets on pairs of the USD. Just pick the relevant indicators for your pair's domestic economy.

[Anonymous No.10227605]

Dont listen to the other retards. Your meme tools work in crypto, but you should focus on price action if you want to do forex (should focus on price action if you want trade btc too actually). Follow hsaka, mayne, sam seiden, cred, aureliusbtc, traderdante, tradersz on twitter. Some of them have good youtube videos too, but its harder to learn than relying solely on tools.