I've gotten heavy into forex. I like the greater reward to risk. Anyone else doing anything else?
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I was looking into forex but haven't pursued it. If you have success in one of the endeavors I imagine it would crossover to the other just because of general ability. What would you say the learning curve is like?Comment -
Forex is the biggest sucker game you could ever do and you will lose everythingComment -
This is all I heard when I first discovered forex. Then I learned that all of the people saying that had no real idea what they were doing, and were the types that lost money in everything they ever tried to invest in.
Now I trade it professionally. DO NOT trade forex because the R/R can be higher than trading equities. It will only be a matter of time before you become another forex basher because you did it wrong.Comment -
Not instant, but can be faster than stocks. If you learn how to read a chart (because that's 98% of forex), you're on your way.
Many stock traders fail at forex because they trade it like they do stocks. Money management principles still apply (which is why most SBR people are 100% doomed), but I'll say it again, it's VERY chart heavy. Good thing for me at least is learning how to read charts was pretty easy, and I enjoyed it a lot.Comment -
The best experts in the world lose at forex
Its a major scam and you get chewed alive with price changes before you get filledComment -
Said everyone who did it wrong. Don't blame yourself, blame the market. Blame professional athletes when your 4-teamer fails, etc.
Over 4 trillion dollars changes hands in forex every day. These aren't pink slip penny stocks, it's the lifeblood of the world economy. It's rigged like every other market, but the powers that be follow patterns that you can uncover over time, and they don't care because there are enough jj's in the world to keep them happy with all that free liquidity.
The real experts work about an hour a day, live wherever they want, and do whatever they want whenever they want. I know a few personally. Two of them work for the the same firm I do. I've seen their annual results, the firm posts the top performers. I want to be on that list!!Comment -
Most Forex trading is not retail investorsComment -
How'd you learn to chart? I've been interested in day trading some form of security for a while but absolutely need a mentor or lots of knowledge of charting before touching the thing. I thought live bets was hard until I tried buying and selling.Comment -
No, with prop trading, you actually pay your firm a desk fee every month (They have tools and info you can't get elsewhere, so that's what desk fees go toward. Truth is, tools and info cost almost nothing on their end, so they make money of of this regardless of how their traders do.), then you get a nice percentage of whatever you make. Keep in mind, you are trading their money, not your own, which is great.
You can trade alone, many people do, you just need a nice bankroll for that if you want to do it for a living. When I started out, I didn't have that. Now I've gotten too comfortable trading their money, so I'll probably just keep doing that until I decide to move on.Comment -
You can go to the same place I did. Babypips has a free school. It was fun for me, easy to understand, and only took me a few days to finish, and I took detailed notes. Really demystified charts for me, and it later turned out to be one of the few things I'm really good at.
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Not many people use their own money to trade anything in the financial world especially when it comes to daily tradingComment -
This is true. On Wall St. you trade other people's money to get rich - not your own. Or you sell other people's risks/opportunities.
I know a retail guy can put up his money and trade and make some coin. But he does so with considerable risk. And it's that risk which is the biggest difference between "little guys" and "big guys" on Wall St. The only thing a hedge operator risks is professional reputation and prospects - not the food on his table, and he usually has plenty.
I'd suggest anyone who's established at trading their own account, really lock into a niche and get active on social media. Every day spent as a one-man operation is a day open to risks that can be mitigated.Comment -
lol when a bull market everything goes up and idiots still give their money to brokers
Its all random..nobody knows shit
Returns are stagnant if you add up everything over last 10 years
Only traders that make money are premium option sellers as it is statically proven a long term win if you make enough trades
Most mutual funds lose long term or go bust
most hedge funds go bust
do your homework and stop being squares
Brokers and liquidity providers make all the cash and of course high speed trading which is out of realm for 99% of populationComment -
This could not come from the JJgold who is in videos.lol when a bull market everything goes up and idiots still give their money to brokers
Its all random..nobody knows shit
Returns are stagnant if you add up everything over last 10 years
Only traders that make money are premium option sellers as it is statically proven a long term win if you make enough trades
Most mutual funds lose long term or go bust
most hedge funds go bust
do your homework and stop being squares
Brokers and liquidity providers make all the cash and of course high speed trading which is out of realm for 99% of population
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really?
at least the JJ in the videos is trying to be silly, this guy is trying it be smart but doesn't realize how clueless he truly is.
Hence why he has lost money on the easiest market in history. Simple facts. It is still April and whoever that JJ is will be forever living paycheck to paycheck because they don't know how to manage money.Comment -
yep and that is why you somehow, truly amazing, managed to lose money... For your own safety, stay away from your savings account, it is worth it for you to pay a financial adviser. Bury your pride and make that financially intelligent decision for your future.Comment -
I don't use my own money I used loanshark money as leverage now that's a businessmanComment -
There's really no answer to this. It's not like stocks. Once you fund an account, you can set you risk/reward to anything you want, so long as it doesn't go over margin.
Start really low, and only after playing with a demo account for awhile and crushing that.
To live off of, you would need a lot. A 20% return is fantastic for example. 20% of 100K is 20K. Can you live off of that a year after taxes? Would you want to? You wouldn't even be adding to your account. It's sobering.Comment -
Corbin got carried off in Cyprus when he thought he could make a leaving trading Binary Options
In finance, a binary option is a type of option in which the payoff can take only two possible outcomes, either some fixed monetary amount of some asset or nothing at all (in contrast to ordinary financial options that typically have a continuous spectrum of payoff). The two main types of binary options are the cash-or-nothing binary option and the asset-or-nothing binary option. The cash-or-nothing binary option pays some fixed amount of cash if the option expires in-the-money while the asset-or-nothing pays the value of the underlying security. They are also called all-or-nothing options, digital options (more common in forex/interest rate markets), and fixed return options (FROs) (on the American Stock Exchange).[1]
When buying a binary option the potential return it offers is certain and known before the purchase is made. Binary options can be bought on virtually any financial product and can be bought in both directions of trade either by buying a “Call”/“Up” option or a “Put”/“Down” option. Binary options are offered against a fixed expiry time.[2]
For example, a purchase is made of a binary cash-or-nothing call option on XYZ Corp's stock struck at $100 with a binary payoff of $1,000. Then, if at the future maturity date, often referred to as an expiry date, the stock is trading at above $100, $1,000 is received. If the stock is trading below $100, no money is received. And if the stock is trading at $100, the money is returned to the purchaser.Comment -
Stay away.
Binary options are not regulated any more than the BrokeDikkSports Offshore Sports betting. In fact, the binary option industry is like gambling and porn, run by *********** processors/merchant services people, aka "Jews". (hey, it is what it is.)
If you don't believe me and think they're legit - just try "winning" a few grand off of one. Very much like US "bucket shops" in the days of old.Comment -
I've realized where you fit now since you clearly know so much.
those who can, do; those who can't, teach.Comment -
Im in all hard assets. Mostly metals but i am looking into comic booksComment -
I will school anyone here on the markets....clowns in this thread
I traded everything from nob spreads, T-Bill Futures, Bonds, Options, German Bonds, Corn, Wheat..I can go on and on
NOBODY WINS trading stocks/Futures, etc like nobody wins betting sports..yes guys get lucky as it is the law of percentages and caught a good run like sports betting as you get chewed alive with commissions , slippage , bad fills and big loses.
FOREX MARKETS=DestuctionComment
