Does Jow Forums trade forex?

Nobody wins 100% of the time

no, I mean they lose overall.
Not a single successful person with track record even a year in length

Proof?

wtf? YOU give ME proof of a successful forex trader

I think the reason nobody talks about forex is because bitter fags like you always turn up

I know the truth hurts you, but actually no one talks about it because they lost all their money, like you will :) also its souless leveraged trading thats almost never tethers to fundamentals

It's hard as fuck and none of the strategies you will find online will work.

How do you deal with he noise? Do you avoid the market during news days?

not really unless its major stuff like brexit etc my method seems to mostly avoid noise anyway.

I basically just wait for the market to close against the trend then buy/sell the next day accordingly

If you could just google it and start making loads of money then everyone would

forex is the most unforgiving market there is. not even bogs and presidents can fully influence this market

and whats wrong with that? the market will move where it wants to move, a trader only needs to latch on

if you can control yourself and not overleverage you might be ok. Leverage is the one thing that makes forex so dangerous, if you get hooked on it you will lose everything in a matter of seconds

Thoughts on EUR/USD long term?

I think you've got to be either very uninformed or just stupid to willing risk your whole account.
funny how so many people that shit on forex trading becuase they lost money don't even realise they were gambling and not trading

are you a bank? no? then you are gambling. Only banks trade forex

dunno im not psychic but could be bullish for a little while

whats the difference between trading for a bank or trading just for yourself?

banks have information you don't have, they have information about money flows and big transactions. If you are a forex day trader and you don't work at a bank you are a 100% gambler

Then how do they still lose sometimes? Otherwise they would have absolutely insane profits

Exactly, not even banks themselves can consistently make profits with forex because they are too small to have any big impact on the market.

Banks mostly use forex trading for hedging, to basically protect their money from a volatile market not for investing.

Okay then so what about guys like George Soros? Was he trading or gambling when he sold the GBP?

Soros was smart but it was also a gamble. Its winnings were based on a change on policy not a market movement directly. Which is another thing, if you gonna trade forex not only you will have to know everything about TA but also have to watch global news and policies enacted by central banks

Fair enough, thanks user

>not a lot of money making potential
>most liquid market on earth
>extremely high leverage available

Based and bluepilled

don't you need a minimum of 25k to day trade? i might be wrong

depends, if you want trading to be your livestyle then sure but until then you can make a good income with less, I'd say 2k minimum

Frontrunning is illegal user

Forex is for virgins
I trade 6e futures

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cool, how did you get into it?

Depends on DJI, let me explain. GOLD and EURUSD are correlated, that means, if EURUSD is strong, GOLD falls and vice versa.. Now the thing is, DJI is most likely going bearish, but meanwhile I'm pretty sure there will be a lot of volatility and confusion, which will result in uncertainty of markets and rise of GOLD. From TA persepctive it's also holding 1200$ area (1000€ in Euro), which is a strong support.

Second thing is USDTRY and USDZAR is cooling down.

Therefore, GOLD will rise and EURUSD will weaken for some time I believe. If EU zone gets fucked further by Brexit, then wait for the sentiment and put in position.

Same depending on how the 4hour candle closes before London open!

>investing in niggercoin

Shame this thread will be dead by that time so we can't update eachother

It's based on EURUSD and not a 4h candle close you conspiracy theorist lol, also Brexit

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Im pretty sure he's using the 4h candle close as a bias confirmation and entry technique

No conspiracies dude, just tells me what price ranges it could and couldn’t conquer.

Yeah I kno right, I’m a bit cautious that it’s near a support zone on the daily so I’m not going to hold my breath for a big move

If I get confirmation to short I’ll probably take profit at the blue zone

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same, i usually have a 2.5x profit target of my trade risk so only aiming for about 80 pips

I don't. Monetary policy isn't as interesting for me as following company news. Thus, I don't have the same drive for forex as I do with equities, and so I don't think I could succeed in forex. If you like it though, the money can be great. One of the biggest if not THE biggest, most liquid markets you can trade on the planet.

I'll make a thread later depending on what happens

are you the faggot that keeps calling me from different phone numbers trying to shill your fabolous forex trading platform?
>I'm not a salesman, I'm a technological evangelist
>Just slice off $500 of your crypto and start making real money

My friends moms boyfriend unironically.
blue arrow is buy
pink arrow is sell

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Autistic Alaskan trader was winning for years

havnt seen him post since 2016 though, because he couldnt keep the forex generals alive on his own

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Any good brokers for Canada?