/biz/ - Business & Finance

So, I was (and still am) bored and the topic is interesting enough to do some research. Investopedia tells us what I initially felt:

"Not all retail forex brokers provide the opportunity for options trading, so retail forex traders should research any broker they intend on using to ensure they offer this opportunity. Due to the risk of loss associated with writing options, most retail forex brokers do not allow traders to sell options contracts without high levels of capital for protection."

- Saxo has it: https://www.home.saxo/products/forex-options
- TD seems to have it, too: https://www.tdameritrade.com/investment-products/forex-trading.page
- IB has it, of course: https://www.interactivebrokers.co.uk/en/index.php?f=759

Do NOT fall for TA!!

>he fell for TA

I am here. How much is the damage?

>>12538156

I can tell you this: You cannot predict the future by means of chart reading. The fate of a currency all the more is a thing of the analysis of macro economics. The quickest and most efficient way to get the information you desire is to get access to the Romanian country portal of a Bloomberg terminal (possibly at a public library in Romania? I don't know where you're from/located...). There you will find information about the Romanian economy, currency, demographics and so on. There will also be studies freely available such as the various primers Bloomberg produces from time to time for specific topics. If you are lucky there will be a country primer for Romania updated not too long ago. THIS will be the resource you will get proper information about the likely development of the currency. [Please stop falling for the TA-meme in your future endeavors.]

>>12430852

There is a way. Let me ask some questions to get the specifics for the game right, ok?

1. Would be able to - let's say - get your hands on 200 USD as investment capital to work with so you can make these 150 USD profit?
2. Are you tech-able (as in know your way around with hardware)?

>>12427641
> But I think ta works when alot of people do ta

Yes, at a point in time I thought about this argument, too. Seemed to me like a self-fulfilling-prophecy-type thing. There can, however, be made a quite convincing empirical argument against this:

Retail traders do not move markets. Period.

I worked in the primary markets division (DCM) of a quite significant bank. Big volume is not moved around in the market on the basis of TA. Not even "not alone on the basis of TA". So there it goes: Even if some thousands of those poor retail guys think along the line of some chart formation (aka DOW-theory) or simultaneously decide to focus on something obscure like the ichimokus or fibonaccis, it wouldn't even come close to a storm in the water glass. By "empirical" I therefore meant: In my time in the capital markets I never saw people responsible for larger volume trades base their decision on TA. Same goes for clients (as far as I can tell) or other market participants from the institutional side of things.

>>11507985

Dunno what *gibs* means, but it has to be something like I'm on. I have to apply, too. Well, it's just printing a sheet of paper filled fantasies at this point.

What you say is probably true. I worked for two years in banking and it was well paid. The work was hell, I mean, hellishly stupid. Fixed-term contract, before you ask.