/forex/ - Forex Market General

/forex/ - Forex Market General

>I told you to buy gold at 1220 edition.

>I'm new to the forex market, what are the fundamentals and how does anyone make money on such "small moves"?
Forex market is the biggest and most liquid market in the world, meaning brokers afford you to take huge leverage, which can be turned into a lot, if you know what you are doing. Forex is a mixture of fundamentals and TA, but mostly you need to understand the correlations and what makes currencies move, which can be found on sites listed below here.

Educational sites:
babypips.com (Everything you need to know)

List of popular brokers:
xm.com
icmarkets.com (Aussie broker, good for Europeans that want to avoid EU leverage regulations)

Real-time market news:
dailyfx.com/forex-rates

Free in depth techincal analysis charts:
Tradingview.com

Still waiting for EURNZD to pop for fucks sake, didn't take 100 pip profit and now we are in sideways range.

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ok mr golberg i will hit the x1000 leverage so you can make gorillions back.

the absolute state.

Blaming big leverage offer for you money loses is like blaming porn on your porn addiction. Just don't do it.

Glad to see this thread again, I’m the guy you called delusion on EURJPY. You thought I was bad where’s our 100k$+ madman at??

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what would be a decent minium starting stake for forex? i was under the impression that it was a big money game.

also im noob to some aspects of the concept of leverage- if you lever up a large stake, but your forecast crashes bad, do you not owe exponential amounts of money?

You can start with 100, 200 or even 500$. Doesn't matter, I've turned 200$ accounts into thousands by just playing it safe. What does that mean? I was observing multiple currencies and when it hit a strong support/resistance I'd wait fot confirmation and jump in. You can easily turn few hundred bucks into thousands and play it more safe from yhere. But you have to know what you are doing. Don't get discouraged, deposit few hundreds and play with lot size up to 0.05 and just swing trade and check you acc here and there. I wouldn't recommend day trading with high lots to nobody. There are opportunities to do it, but stay away as a beginner.

Don’t forget mastering the physiological factor of it all, fomo, patience, sticking with a bias etc.. did you find you needed to make yourself a trading plan?

Thanks man, appreciate the post. i'm going to look into this.

>did you find you needed to make yourself a trading plan?

not sure what you mean, so probably yes.

sorry dude was aimed at OP but bad signal where I’m at so been trying to smash reply couple times at tagged u.

>depending what type of person you are you may want to make a trading plan before you start