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/biz/ - Business & Finance

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52841850 No.52841850 [Reply] [Original]

Biz, why aren't you trading currency pairs on FOREX? Why waste your time on sketchy crypto ponzi?

Play the real market. FOREX

pic rel - but it's a dummy account i am learning on.

>> No.52841864

>>52841850
>Play the real market. FOREX
>pic rel - but it's a dummy account i am learning on.
Hmmmm.

>> No.52841888

>>52841864
i know right?? RIGHT? imagine if this was real - i profited nicely on those two trades.

>> No.52841931
File: 2.15 MB, 498x280, 3D8CE1E2-07F3-4E6F-AD53-825D81AE9C93.gif [View same] [iqdb] [saucenao] [google]
52841931

-.-

we only trade unsecure crypto here huh? -_-

>> No.52841933

>>52841850
which platform are you using?

>> No.52841947

>>52841933
dummy account is FOREX dot com. iphone app

>> No.52842023

>it's a dummy account i am learning on.
try it in the real world then post again if it works out for you
until then, go back

>> No.52842044

>>52842023
i mean, i plan to. i am learning first so i know how to turn profit.

>> No.52842112

>>52841850
>pic rel - but it's a dummy account i am learning on.
holy shit the state of this board right now lol...

>> No.52842123

>>52842112
what. would you just jump in raw with cash before learning first??

>> No.52842502

Not sure why everyone is giving you shit about paper trading before jumping into the real thing. Sounds smart to me. I'd like to get into forex trading some day but it seems like there is a steep learning curve. Wouldn't know where to begin, but it seems like TA is a big part of it

>> No.52842635

>>52842502
yea. im a "hands on" learner so im practicing. i am learning about stop out levels, its when your broker force closes my position.

>> No.52842766

Forex is the lottery of retards that believe lottery is a tax for retards.

>> No.52842810
File: 15 KB, 216x252, Mark Douglas.png [View same] [iqdb] [saucenao] [google]
52842810

>>52842502
The only real learning curve is learning to feel comfortable by putting on a trade based on a simple gut feeling or belief and letting it play out. Technical and fundamental analysis have no real impact on the outcome of your trade. You can't control or predict the future. The only thing you can control is where you put your tickets, how often, and how much money you're willing to risk per trade. Buy low. Sell high.

There is nothing else. Anyone who tells you differently is full of shit.

>> No.52842824

>>52841850
national currencies have no volatility how do you even make money trading them? super high leverage or something?

>> No.52842847

>>52842824
No volatillity? What the fuck are you talking about? Have you ever looked at a forex chart in your life?

>> No.52842957

Everyone I know who's tried day trading forex has eventually lost money. Once you get confident and up your leverage you end up getting wiped out by small swings. It's really no different to any other sort of gambling.

>> No.52842976

>>52841850
forex degans, I am travelling to Japan soon. Should I buy JPY now or later in case it goers back up?

>> No.52842996

>>52842976
How much are you planning to spend out there?

>> No.52843307

>>52842996
3k

>> No.52843820

>>52842824
they do, its called pips. pips are .0001 cent. your broker leverages for you

>> No.52843845

>>52841850
Trillions are traded everyday on forex

>> No.52843975

>>52843845
yes. lets catch some pocket money for tendies..

>> No.52844021

>>52842957
So the winning strategy is to not use leverage. Sounds easy

>> No.52844168
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52844168

cause there isnt a single platform with high enough leverage to make it worth my time

>> No.52844174

>>52844168
Gains Network on Polygon
>1000x leverage on Forex
ez

>> No.52844188

all im saying is they cant exit scam with currency pairs. its identical to crypto but secure.

>> No.52844241

>>52841850
i play forex leverage on dxs.app the bsv defi exchange sometimes
i won some and lost some but i just played with small amounts for fun
i might yolo some eur/usd short, it looks delicious

>> No.52844530

>>52844241
yo its pretty fucking neato. im still playing with training wheels until i can hash out a reasonable method of profit.

>> No.52844532
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52844532

i do trade forex
this is 100k account

>> No.52844561

>>52844532
almost 5k in 30 days with 100k - j00cy.

my training account started with 50k. the trades i posted where trades with almost 45k in margin requirements to swing those 1.4k profits lol.

>> No.52844617

>>52844561
you are way overleveraged if you trade 20 lots on 45k account, rule of thumb that works for daytrading for me is 10k of margin = 1 lot

>> No.52844640

>>52844617
ya i know. i have been stop outed multiple times. and i didnt know why until i looked it up.

its a demo account, im just playing around to learn before i trade for real.

>> No.52844642

forex is the most degenerate shit ever, worse than gambling on shitcoins
Enjoy your bankruptcy

>> No.52844668

>>52844642
kek. worried about some competition? im just trying to make some money for cheese and milk.

>> No.52844680

>>52844640
try to avoid learning bad habits, its going to save you a lot of money
its mostly about mental state anyway, you can make money with many simple strategies, people just overrisk/overtrade

>> No.52844733

>>52844680
yup, for sure. im trying to find a sweet spot desu. thanks for the info

>> No.52845001

>>52841850
Forex will eat up your fucking money within days
I've been there, I know what i'm saying
Crypto is damm better, I just try as much as i can to avoid keeping my assets on the exchange
I use metamask, sylo wallet, and recently started using Trustwallet, i'm sure my monie is safu

>> No.52845010

>>52845001
>shit-doh
kek. liquidity is gone!

>> No.52845053
File: 294 KB, 1161x1200, exploring-the-egyptian-god-ra.jpg [View same] [iqdb] [saucenao] [google]
52845053

What indictors do you guys use?

For me, it's MACD + Stochastic RSI
>paid indicators are scams, prove me wrong

>> No.52845624

>>52845010
Lol

>> No.52845649

>>52845001
forex is more chill than crypto. still volatile, still a fuck ton of scam wicks, but overall more predictable

>> No.52845685

The best Forex hedge funds in the world make about 10-15% a year. They have invested billions into making 12 dimensional algorithms that beat this hyper efficient market by a little bit.

I'm sure anon and his meme lines can do better!

>> No.52845776

>>52841850
Dont have acces to a Forex account in my country.
Thoughts on the hong kong dollar peg? Likely to fail in my view.

>> No.52846011

>>52845685
>Get funded account
>Make more than a wagie could dream of per day
Just learn some TA and get a demo account, there's nothing to be butthurt about.

>> No.52846157
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52846157

retarded degens never learn profit-risk, continue FOREX-trading until you'll rope like picrel.

You better start learning about liquidity and understand why you degens aren't allowed to trade in highcaps.

>> No.52846186

Short gold
Price: 1788
SL: 1790

>> No.52846287

>>52841931
We do, /biz/ is just being contrarian and they think it's a scam bc they're too lazy or low in to git gud.

>> No.52846355

>>52842824
>>52844168
30x leverage is pretty standard and if you go for brokers regulated in countries like cuprus or bahamas you can easily go above 100

>> No.52846361

>>52845685
Forex hedge funds also have too much money and cant go for micro plays that isnt worth their time

>> No.52846392

bros. FOREX program is comfy (for pc)

>> No.52846397

>>52846186
m8 i'm already in that shit and it pumped last week for now reason and now i'm close to break even. This shit needs to dump more

>> No.52846403

>>52845053
good combo but ichimoku is superior because it's japanese and i'm a weeb

>> No.52846407

>>52846397
Bro its going down look at the oil price

>> No.52846408

>>52845053
is that ouroburos but not eating itself above Ramon-tep

>> No.52846432

>>52846407
if oil does another covid-tier dip i'm becoiming an oilbaron. All fucking in

>> No.52846471

crypto is just a mockery of FOREX

>> No.52846499

>>52846432
What do you play bro currencies, commodities or indices?

>> No.52846577

>>52846499
everything i can get my hands on. I like forex but i like the degeneracy you can experience with commodities. Oil is probably the one that will wreck me

>> No.52846769

>>52846403
I kneel,
Could never get my head around Ichimoku or get it to work in backtesting, but I do use Heikin Ashi.

>> No.52846797
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52846797

>>52846408
I thought it was Wadjet (the Uraeus symbol) or the eye of Ra.
https://en.wikipedia.org/wiki/Eye_of_Ra

>> No.52846811

>>52846769
>implying i know how to ichimoku
I'm using the same combo as you mate but there have been anons on the board over time saying that it's legit and there's some japanese youtuber i wacth occasionaly that uses it. I think it's simple once you understand it but it does not suit every trading style imo

>> No.52846838

>>52846811
Interesting, could I get a link to that youtuber mate?
Have you noticed it working better for some timeframes versus others? I'm more of a scalper personally.

>> No.52847786

>>52846838
forex kei or something. I'm still shit but i do find lower timeframes working better for me as well as my position size (aka i'm poorfag)

>> No.52848016

>>52847786
I'm a poorfag too, that's why I'm just using a demo account before yeeting fiat like you do in crypto kek

I'll have a look around for that channel so cheers for that, which timeframe have you found works for you? I'm sticking to 15m atm

>> No.52849008
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52849008

>>52841850
We need forex general on /biz/

>> No.52849253
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52849253

>>52849008
Also I longed USDJPY

>> No.52849414

>>52849253
What timeframe?

>> No.52849417
File: 438 KB, 1430x990, 1670100282667905.png [View same] [iqdb] [saucenao] [google]
52849417

Can you guys post youtubers or resources I could study to learn forex? I tried the thinkorswim platform but it was complicated so I got bored. Willing to try ir again with guides and stuff. Please anons, loan me your wisdom

>> No.52849470

>>52849417
I finally started to understand things with these two, but ultimately you'll have to find your own style.
Godspeed anon, you can do it

https://www.youtube.com/@doyle__e
https://www.youtube.com/@TheSecretMindset/videos

Remember, no paid indicators.

>> No.52849816
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52849816

>>52849470
Thanks king

>> No.52849857

>>52846797
neat..

>> No.52849916

bros...

watching charts soothes my 'tism

>> No.52850657
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52850657

>>52849414
1m

>> No.52851580

>>52850657
Based.
I used to be a 1m chad but I got burnt out watching it alongside trying to work.

>> No.52851663

>>52841850
i do trade forex, but i do it on decentralized exchanges because i absolutely refuse to pay commissions and spreads to kikes

>> No.52851678

>>52851663
spreads are the commission. and yea they add up but just play it better bro

>> No.52851777
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52851777

>>52851663
>gains.trade

I've just tried it out today for a few trades, seems nice desu

>> No.52851827
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52851827

tfw anons are plugging scammy offshore "exchanges" in MY legit FOREX traders general.

This is now a Kacey thread.

>> No.52852663

>>52851827
go on...

>> No.52852753
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52852753

>>52852663