Learning Forex

[Anonymous No.55634224]

Hey guys, I want to learn the ins and outs of Forex Trading. I know here are ppl who trade forex and are profitable. What books should I read and how do I start? (I have 4-5h a day time I can allocate to learning)

[Anonymous No.55634314]

I ve been learning about it for 5 years and still haven't figured out profitable strategy

[Anonymous No.55634361]

>>55634224
trading is the hardest way to make money, you literally are competing against mathematicians, physics phd, engineers, actuarians, and other high iq people

[Anonymous No.55634373]

>>55634361
Still better than waging

[Anonymous No.55634424]

>>55634361
What is the easiest way to make money then ?

[Anonymous No.55634623]

I actually hoped to get some advice but the best advice would be to quit this site

[Anonymous No.55634640]

Babypips.com and then books from wiley trading series.

[Anonymous No.55634656]

>>55634424
Being smart and also already having a lot of money

[Anonymous No.55634678]

tip: buy low, sell high

[Anonymous No.55634799]

>>55634224
Retail trading books are all regurgitating the same ideas
The thing you need to understand is that the price of any fx pair is algorithmically delivered to areas of liquidity. It’s automated, the daily candle is predetermined based on where stop losses/tps are on a htf (1W/1M).
Read about Payment For Order Flow (PFOF)
Retail (institutions, not random anons) do not move the price, since the price is fed into “dark liquidity pools”. Dollar, japanese yen, cad, aud, they are all assets of the central bank of their respective countries, just the way Air Maxes are Nike’s assets. We are all using the central bank’s product as a store of value.
There is no supply and demand.
Meme lines don’t work.
RSI can’t predict tops and bottoms.
You can’t see the volume on fx as you can see it on crypto.
Get into what ICT is teaching, Market Maker series and Market Maker primer course, then get into his Core Content
It’s heavy, it’s a lot but at least the first lessons explain how the markets are booked.
Then there’s 2022 mentorship that I’d suggest to watch before core content if you want to get a trading model that works for so many, see Paladin on youtube. The guy learned from ICT and one of ICT’s students, Gene. He trades based on 2022 mentorship with a few other confluences.

tl;dr ICT (Inner Circle Trader) will explain how the markets are booked FOR FREE on youtube, although it takes time, and the guy likes to hear himsef talk at times.
After you get the general idea, track students of his that are profitable and willing to share their trading models - Paladin and Gene (realweirdgene)
You are going to fight a highly efficient algorithm theat goes completely against retail logic to book profits. Good luck

I’m currently learning from Gene, got into his discord where he’s got a more condensed version of ICT’s teachings + live trading sessions in which he explains how he analyses the market(ICT does not do mentorships anymore)

[Anonymous No.55634854]

/biz/ doesn’t like trading forex because it involves discipline and composure, which are the hardest to achieve
Treat it like a bussiness, and yeah, buying low selling high (and the opposite) is technically a trading model, you just have to take into account the swing made in London Open, with the market protraction formed at the beginning of NY session into the LO’s swing discount (below the 50% of the swing/range - use fibs). That’s where you’d buy on a bullish day, for example.
You can learn all of that from ICT - FOR FREE

[Anonymous No.55634905]

>>55634854
For example, anticipated bearish day on EU on Thursday, based on DXY making a low on 13th of July, from which it started to deffer, making EU dump - assets are correlated - DUH!
Target are some equal lows from the previous day - retail support

[Anonymous No.55634923]

>>55634905
Timeframe is 15m, the low on DXY is confirmed by htf analysis
Delivery goes from htf to ltf
Trade ideas that are in the direction of the htf delivery are high probability

[Anonymous No.55634938]

>>55634623
Not yet, look at what I posted
>>55634314
Retail theory usually doesn’t work

[Anonymous No.55634952]

>>55634854
obv the example in:
>>55634905
Is a sell, flip what I’ve said for sells
Sell high, buy low

[Anonymous No.55634973]

>>55634224
Also, if you really want good books, read Larry R Williams

[Anonymous No.55634986]

Look up babypips

[Anonymous No.55634993]

>>55634986
Yeah, also do this, to get the basics down forst before you start with ICT
He used to teach on babypips

[Anonymous No.55635118]

Goddamn so many ICT dicksuckers in here. Its not the only way to be profitable or even learn trading lol.
ive been profitable for years and watched 0 youtube, books and practice only.

[Anonymous No.55635264]

>>55635118
>ict dick suckers
he knows how the market books, that’s all OP needs to take from him, the stuff he teaches is so vast that it doesn’t make sense to deve into if that’s not your thing - see FibsDontLie on yt, he learned from ICT and doesn’t rven mention him, nor does he do “le institutional trading”
can’t deny ICT is one of the best there is in term of knowledge he shared, emphasis on “shared” cause lately he just rants and it turns into a waste of time
also, it’s just me shilling ICT, I switched IPs

[Anonymous No.55635289]

>>55634224

i agree anon it looks fun AND i travel alot some im familiar with many diff exchange rates and histories. I have tried to trade but the currencies I am interested in are never available or there is some bullshit with the platform. It is literally to much of a pita so I just stick to stocks.

ALSO you literally get better rates on the street/in-person by a landslide than youm ever will on an exchange.

[Anonymous No.55636865]

>>55634424
A business.

With a business you can routinely get returns on your investment that you will never get from stocks, forex, or even crypto.
If you invest 500 dollars in tools to work then you earn 1,000 this month, you've doubled your money in a month.
So a ROI of 12,000% in a year if you keep it up (you'll probably earn much more later on).
That's for the businesses that actually require some capital. Some you can basically start for free.

The only problem however is that it requires not being a lazy piece of shit and actually talking to people. Doing business is inherently a social activity.

Investing in stocks, crypto, or other things is for people who've already figured out how to have a high income. That's when the small % returns begin to be worth it.
Poorfags shouldn't even be thinking about investing.