S-should w-we t-try Fforex instead?

[Anonymous No.7188154]

maybe with 500x 1000x leverage. anybody had success doing it?

[Anonymous No.7188178]

>>7188154

NO

FOREX IS A BAD IDEA

DONT EVER TRY FOREX

[Anonymous No.7188189]

>>7188178
but why?

[Anonymous No.7188198]

>>7188178

why?

Can't you just HODL forex too?

[Anonymous No.7188223]

>>7188189
>>7188198

NORMIES DONT RUIN MY FOREX LIKE YOU DID WITH MY BITCOIN

REEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

[Anonymous No.7188251]

>>7188189
bots own you on scalps and little moves
not enough volatility for swing trading, let alone day trading. that means you have t o be right on your trades every time.

try it with a paper account

[Anonymous No.7188257]

Watching paint dry and then ending up with a 2% gain on top of a 50% loss after 1 year.

[Anonymous No.7188268]

>1000x leverage

LMAO

[Anonymous No.7188280]

>>7188257
>>7188257
this. forex is dog shit.

[Anonymous No.7188286]

>>7188251
does it suck like bitmex? do you always lose with a 1000x?

[Anonymous No.7188317]

Take a pie and cut it into 8 pieces. Everyone gets a slice.

Now take the same pie, and cut it into 800 slices. Do you have more total pie?

All bubbles collapse, and margin just makes it happen faster.

[Anonymous No.7188383]

>>7188268
kek i even found one that allows 3000x might try kek

[Anonymous No.7188581]

>>7188383
forexmart with 5k leverage if you really want to go full retard

[Anonymous No.7188633]

>>7188581
might try, anybody had success with insane leverage or does it end up like a100x on bitmex?

[Anonymous No.7188652]

>>7188633
i did a 950000x leverage on forex for 33c and now im a trillionaire

[Anonymous No.7188655]

>>7188154
How do you even anticipate prices in forex? Hedge for government collapses?

[Anonymous No.7188697]

>>7188655
Probably 50% TA 50% hope

[Anonymous No.7188706]

>>7188198
No you can't. Forex force sells your position after 24h if I remember correctly.

[Anonymous No.7188710]

dont you need like 25k to do forex trading unless you're using CFDs? can't see myself doing that

[Anonymous No.7188802]

I trade forex, forget about it, they will chew you up.
The only way I can do it is ultra short term but not too short term that the bots eat me. On every time frame there are 9000 fake break outs, rewinds and out of nowhere spike stop outs that will absolutely fry your brain sac.

[Anonymous No.7188840]

>>7188710
>dont you need like 25k to do forex trading unless you're using CFDs
no, you can do it with 50 dollars if you want

[Anonymous No.7188875]

Do they even have the order book in Forex? The whole system seems untransparent as fuck in comparison to crypto

[Anonymous No.7188924]

so do you do it as a gambling thing or do you do it regularly with success? can you grow your account if you know what your doing?

[Pajeetlejuice No.7188931]

>>7188154
>S-should w-we t-try
Take your stuttering back to lereddit, faggot.

[Anonymous No.7189034]

>>7188697
more like 50% TA 50% damage control. basically you have to cut losses really quick when you fucked up and let it run when you do it right

[Anonymous No.7189039]

>>7188875
Exchanges like LMAX have an order book, you can't see the interbank orders obviously, but everybody knows roughly where they are.
Even tick volume can be used as a good proxy.

>>7188924
>if you know what you're doing
that's the trick isn't it

[Anonymous No.7189070]

>forex
>get raped by HFT super computers 24/7
sure sounds interesting

[Anonymous No.7189172]

>>7189039
kek i was looking at my TA setup then went back to 2007 ....mfw TA timed the top right before everything collapsed.

[Anonymous No.7189302]

>>7189172
In that classic, everybody was long then brexit happened, of course some mongs were leveraged 500 times, used 25% of their account and had no stops, F.
Before every good move, there will be a spike the wrong way. Nearly always.

[Anonymous No.7189489]

>>7188931
>namefag tells to fuck off to leddit

[Anonymous No.7189520]

is bot programming profitable or you are fucked due to actual professional bots? I tried my luck with it a year ago or so but I couldn't find a setup for my robot that made a profit

[Anonymous No.7189547]

>where did all my money go?

[Anonymous No.7189611]

>>7189520
You can make money by programming bots for other traders. You can also borrow their ideas from them for yourself that way.

[Anonymous No.7189831]

better off with options or penny stocks

[Anonymous No.7189847]

>>7189520
fuck bots, that's a specialist game on your own account.
You probably won't do this, but if you do you'll see interesting things.
>LMAX demo
>eur/usd chart
>23 tick candle chart
>5SMA (not close, use typical price, project forward 1)
make that MA retard proof, blue going up, red coming down. Put a colour zone on it, price above green, price below red.
Go full autism, watch it for days. You're scalping for 2-5 pips, or longer if you get a clear run.

Test it on the demo. Set a 5 pip emergency stop, and AS SOON as that bitch is coming back at you, scratch it, get out. click click click.

Bonus: put a 45 LRI on it, use for confirmation.

>>7189547
That was the craziest day I ever saw, absolutely fucking nuts, whole brokerages gone.

[Anonymous No.7189989]

>>7188317
fuck off rational fag
We are going down
Smart friends know this, question is
Do we bounce off 7.5k support and recover?

Or do we just break all supports and call it quits

[Anonymous No.7189990]

>>7189489
good spot anon
we will overcome

[Anonymous No.7190103]

>>7188154
Imagine you are trading on Kucoin.
With 100x more bots under- and overcutting you.
With no order book or depth graphs.
Most times with a shittier UI that sucks for TA.
With no constant social media information stream about the coins to know when is something about to pump or dump and all the events are already priced in.

That's Forex.

[Anonymous No.7190138]

>>7189847
I will save this for when I get back into forex, will give it a try
the LMAX demo thing is a must or can I do it on metatrader? also any leverage or it's not worth the gains it eats in short movements?

[Anonymous No.7190238]

>>7190103
Sounds fun I'll give it a spin

[Anonymous No.7190269]

>>7188633
you get raped by fees in long term trades even if you're right. If short term, bots own you. Forex doesn't seem worth it in general. Crypto is best and if you're loaded you can do stocks

[Anonymous No.7190305]

>1600 days for a maximum of 60%

so this is the power of forex

[Anonymous No.7190340]

>>7190138
You can't do it on it metatrader with 1 minute candles, it's like smashing your head against a wall.
LMAX has a spread of 0.1 on eur/usd, the 20ish tick candles are going to show you small scale waves you never even thought about.
You still need a 5 minute chart and an hour chart to orientate yourself, I think you do, some people disagree. Pivots are important in forex, use auto pivots.
The LMAX demo charts are good, and they don't ring you up or bet you for a real account ever. I'm not shilling for them, but it's on a different level to memetrader.

[Anonymous No.7190411]

>>7190305
>anybody except banks and japanese housewives buy and holding forex

[Anonymous No.7190420]

>>7190305
It'd be a lot more if you played every dip. Holding is a crypto meme

[Anonymous No.7190595]

>>7190340
thanks senpai, will do
>>7190305
>HODLing in forex
nigga you are supposed to play the small waves
on top of that some exchanges will put you a fee if you hold a position for a certain amount of time.

[Anonymous No.7190732]

>>7190103
kek this guy is not wrong, some days it feels like a war. I'm not saying it's easy, you've got to burn the small scale action into your brain, enter without thought and run like fuck when you're wrong.

[Anonymous No.7190867]

what about options/vix stuff? seems like what smart retail ppl outside of crypto are doing if they want to trade as opposed to just buy and hold in either equities or crypto

[Anonymous No.7190883]

>>7190732
Risk management? On my /biz/?

[Anonymous No.7191114]

>>7190883
heh, sometimes I read this board and feel like fucking gandalf in comparison.
Final thought, you can probably do the stuff I just posted on bitmex with 1 minute candles, the swings are so retarded. Good luck if anybody has a go.

[Anonymous No.7191569]

>>7191114
Know that feeling! Aaaand a bump for good advice. This guy actually knows what he's talking about.

Guys?

[Anonymous No.7191706]

>>7190732
>run like fuck when you're wrong
but my ta says it's going to reverse pretty soon...?