Hello, I have a question: Is it true that to live off forex you must have at least 50k, so you can leverage them x10 and (if you are good enough) you can make yearly a 15% off them?
I say ''leverage x10''' cause in forex there aren't so many strong movements up or down of +10% or - 10%
usually forex moves circa 0,4% daily...so can a x10 leverage be considered ''secure'' ?
>15% per year You'd be better of trading stocks if thats the case.
Kevin Morgan
care to explain why, please? Forex is more predictable than stocks from a technical analisys point of wiev
Daniel Parker
Yes, goyim, it's easy! Come get your free money
Camden Sanders
Bump
Adam Richardson
Do you know about the A Book and B Book that forex brokers use? If not you may want to read about this and have a think about why these models exist and what it means for your plans
Wyatt Watson
care to explain why, please?
Owen Butler
>Yes, goyim, it's easy! Come get your free money I didn't say it is easy, I have said that from TA point of wiev is more ciclical predictable than stocks Don't konw that book, too poor to buy it, care to explain what you mean please?
Brayden Brooks
Nope, look it up and work it out. Companies bet against you. They almost always win. Avg person loses 8k on forex
Thomas Wilson
Dont listen to If you can make a comfy 15% off 500k (50k @ 10x) without a lot of risk then you are golden. Yes you can make more if you do riskier shit but a lot of people here are still in 2017 crypto mode
Noah Baker
on avg around 18% of all forex traders actually make money and do it as a career. the overwhelming majority of traders lose to this 18% and are the only reason they make money
im telling you this because it sounds like you are about to lose a lot of money
Nicholas Anderson
Yes you can. That said, TA alone won't cut it for Forex. With a well developed strategy you can make a living off FX but my personal thought is that its a difficult way to earn easy money .
Samuel Morgan
>on avg around 18% of all forex traders actually make money and do it as a career If that statistic is true, that's an astounding success rate compared to just about any other type of trading. I believe something like 1% of stock traders are long-term successful.
Ryder Reed
50k at 10x leverage is a lot of risk
Austin Myers
>50k at 10x leverage is a lot of risk Depends on where that stop loss is. They say you shouldn't risk more than 5% of your stack on any trade so figure out where the stop loss needs to be so the most you would lose on the trade is the equivalent of that 5%.
Dylan Butler
You shouldn't have been so kind.
Charles Martin
>Companies bet against you in every niche of the market big companies have advantage over the smaller one, this is not a justification to be a faggot
Jayden Cooper
>50k at 10x leverage is a lot of risk Forex market doesn't move like bitcoin where in one day it can make -30% Usually it moves on average of +0.5% So you don't have the pain to lose all your stack in one day, you can set a comfie stop loss, you can try to enter in a comfi area and try to get a decent price, even if I think that High frequency bots will always get a better price than yours, you can also get a pretty comfie price and to set the leverage and a stop loss so that if you were wrong on a high probability pattern you say ''ok, let's cut the loss'', otherwise you'll end up riding the trend in a very comfie way, I'd suppose, it's not like in crypto where in one day your stop losses they get triggered
Luis Price
This. As well as a strict take profit
Leo Rogers
which tecniques are the most profitable with forex? I mean ''backtesting'' the shit, which tecniques has proved to have an edge over the others?
Henry Peterson
You can leverage x100 too, but it's not very smart Try some demo trading to understand what's leverage and what it does to your money 85% of traders lose money with forex, it's not easy money.
Ryder Morgan
>85% of traders lose money with forex, it's not easy money. where did you get these data? Also AS SEEN THAT on average the forex doesn't move in 10% why should it be so risky to use a x10 leverage?
Mason Davis
Also AS SEEN THAT on average the forex doesn't move in 10% why should it be so risky to use a x10 leverage?
Nicholas Reed
Also AS SEEN THAT on average the forex doesn't move in 10% why should it be so risky to use a x10 leverage?
Nathan Watson
My retarded friend lost over 100ETH and over 3BTC doing this stupid shit. 200k now has nothing lol.
Aiden Garcia
You are a fucking moron aren't you. Ignore what I said, go all in or even take out a loan to trade forex. I can tell you have the skills to make it
Not trading forex will guarantee you the highest returns
Mason Foster
It's clearly stated when you open a trading account, 75-85% of traders lose money. You've to study hard, have discipline, understand risk management, this is trading 101. Trading is a work, it's not gambling.