Forex Trading

[greyhound stone]

Have any if you guys tried it?what would you say about it?I'm very interested and want to know about it

 

[Apollo]

Have any if you guys tried it?what would you say about it?I'm very interested and want to know about it

Crypto is more user-friendly for beginners.

Forex is pro institutional level. Mostly big banks with specialized algorithms and insider info from central banks dominate Forex. You can't win there. Also, huge leverage is required (borrowing money) which can result in your complete account being liquidited (e.g. you put in 10K and with leverage you can lose that entire 10K - so 0).

Look into Cryptos and Stocks instead.

 

[greyhound stone]

Crypto is more user-friendly for beginners.

Forex is pro institutional level. Mostly big banks with specialized algorithms and insider info from central banks dominate Forex. You can't win there. Also, huge leverage is required (borrowing money) which can result in your complete account being liquidited (e.g. you put in 10K and with leverage you can lose that entire 10K - so 0).

Look into Cryptos and Stocks instead.

How bout crypto then? How do u trade crypto and how would you know which to invest in?? If you won how would you use that currency in real life

 

[Apollo]

How bout crypto then? How do u trade crypto and how would you know which to invest in??

Tons of tutorials on YouTube. Just search for how to trade cryptos. https://www.binance.com/en is the biggest and most user-friendly exchange.

If you won how would you use that currency in real life

You can convert it back to dollars, euros or whatever your country's fiat is and send your % gains back to your fiat bank account.

You don't need leverage trading crypto (leverage means borrowing money), because crypto assets are already volatile (they can move 40% in a week).

With forex, you need to borrow money to make any gains because forex doesn't move much (only 1-5% swings per week - sometimes months). People make money on forex by borrowing 90,000-900,000 dollars and if you make the wrong move, you will completely lose your initial investment (principal). This is called being margin called or liquidated.

Forex is more dangerous than crypto.

 

[greyhound stone]

Tons of tutorials on YouTube. Just search for how to trade cryptos. https://www.binance.com/en is the biggest and most user-friendly exchange.



You can convert it back to dollars and euros and send your % gains back to your bank account.

You don't need leverage trading crypto (leverage means borrowing money), because crypto assets are already volatile (they can move 40% in a week).

With forex, you need to borrow money to make any gains because forex doesn't move much (only 1-5% swings per week - sometimes months). People make money on forex by borrowing 90,000-900,000 dollars and if you make the wrong move, you will completely lose your initial investment (principal).

How would u measure which investment will make you money. With forex u need to observe markets and

 

[Apollo]

How would u measure which investment will make you money. With forex u need to observe markets and

To be honest, you sound like a total newbie when it comes to investing and trading. I think you will lose a lot of money.

It is better that you don't trade. Just put your money in a savings account.

 

[Lostbox]

Even though it's about the stock market. There a lot of value you can gain from this. If your interested in trading I'm general

 

[Apollo]

Newbies shouldn't trade.

You will lose money and make the rich richer.

It takes months to years before you become a profitable trader.

Stick to a savings account and only paper trade (simulations) first.

 

[Lostbox]

Newbies shouldn't trade.

You will lose money and make the rich richer.

It takes months to years before you become a profitable trader.

Stick to a savings account and only paper trade (simulation) first.

The top trader in Forex have a line directly connected from the exchange market to their training desk.

They can see all the order before they enter the markes... And you can't

I would recommend they don't bother. The only exchange I would recommend is futures because everyone can see the order books and is fat more friendly to retailers trader

I have no idea about crypto never tried it

 

[greyhound stone]

Newbies shouldn't trade.

You will lose money and make the rich richer.

It takes months to years before you become a profitable trader.

Stick to a savings account and only paper trade (simulations) first.

Tbh I'm a novice.

 

[Apollo]

The top trader in Forex have a line directly connected from the exchange market to their training desk.

They can see all the order before they enter the markes... And you can't

I would recommend they don't bother. The only exchange I would recommend is futures because everyone can see the order books and is fat more friendly to retailers trader

I have no idea about crypto never tried it

Long term swing moves in Forex can't be predicted by second-to-second incoming data. Only the 1 min chart can be predicted by that, not the daily chart. It requires charting skills and knowledge about macro-economics to predict longer term forex moves.

Forex and commodity futures are shit, mostly dominated by institutional banker types, almost no retail participation. Worst area to trade. Stocks and cryptos are far easier.

 

[Apollo]

Tbh I'm a novice.

My advice: do not trade. You will lose money. First start with simulations/paper trading (trading with fake money/on a computer program or a website).

 

[Apollo]

Spoiler

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A newbie entering the forex market is like this situation (lol, last few seconds are hilarious):