FOREX

[Anonymous No.6605973]

anyone trade currency
curious if you actually made consistent money with it
their own website says 52% of accounts are in negative balance
just another scam?

[Anonymous No.6606065]

>>6605973
>not profitable
>has to be scam

ALL THE MARKETS ARE RULED BY THE SAME LAWS

GET THE FUCK OUT TO LEARN BASICS OF ECONOMY BEFORE YOU "INVEST"

[Anonymous No.6606172]

How the fuck is the entire world currency system possibly a scam? If you're a goat herder in afghan who's good you will be rich. It's just difficult to do.
I make money every day but only if I scalp very short time frames with a very small spread. My mind won't tolerate the longer term bullshit which they inflict on you, hard.

[Anonymous No.6606258]

>>6605973
literally the only way people lose money in the forex is from over leveraging themself. Why do they over leverage themself? because they are poor

If you have at least 50k, its very easy to make money on the forex using no leverage

[Anonymous No.6606400]

>>6606172
>>6606258
so short term, spot trends, quick sells/buys
not long term, following market indicators--seems 50/50 in my short experience

[Anonymous No.6606434]

>>6606258
Or you can have a tight emergency stop and bail instantly before that stop is ever close to being hit.
I agree though, there's no need for the gonzoid leverage people use
>retail with 500 time leverage trading the swissy euro just before the SNB pulled the plug
F

[Anonymous No.6606539]

I've been a forex traders for years.
Trust me, it's much, MUCH harder than trading cryptocurrencies. Lots of fx traders left it for crypto, myself included.

[Anonymous No.6606711]

>>6606434
you lose a lot of opportunities when your stop order kicks in
makes you want to throw the computer out the window, no?

[Anonymous No.6606992]

>>6606400
You need granular charts to see how it flows, 23 tick, 34 tick, you have to see if your broker/charts make sense and shows you the small turns.With maybe a 1 minute to see where you are, and an hour chart to see the pivots and daily trend.
Put a short term WMA on, or a p/l dot 3 or 5.
Try and catch the waves, orientate the direction on your trading chart with an 89 to 144 wma.
You'll have times when you'll just cane the market, then periods when they'll chop you pieces. Test on sim, with full autism. The only way you can make it is to with hundreds of hours on the screen.
>>6606711
My stop is there as an emergency, it's five pips and if I let it get hit I am a fucking retard. If I'm minus at all, I'm thinking about bailing, then I do it instantly. You need a good broker and a tiny spread to trade like that. I couldn't do what I do now on an Oanda account with a 1.2 spread on euro. My spread is 0.1-0.3 usually.

[Anonymous No.6607103]

>>6605973
>90% of individuals ForEx traders are at loss after 4 years says AMF's (french SEC) 2011 study
>11000€ lost on average

[Anonymous No.6607146]

>>6606992
thats whats up

[Anonymous No.6607748]

>>6607103