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/biz/ - Business & Finance

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55184238 No.55184238 [Reply] [Original]

What are /biz/raelis thoughts on forex trading and how come I never see any threads on the subject here? Is it possible to make a living or is it just pure gambling?

>> No.55184919

bump

>> No.55184924

>>55184919
>>55184238
Bumping for that picture of the Ayy's lmao where three where sitting on each others laps and probing violently.

>> No.55185205

We have threads on stocks, crypto, even shiny rocks but no one has any opinion/experience with forex?

>> No.55185303
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55185303

>>55184238
>Former FX fag (full time)
>Brexit really fucked with liquidity coming through on GBP pairs during London
>London trading really is slow as fuck (last year or two)
>Moved to trading US dollar pairs during USA hours
>Because I'm tracking Dollar and Yen index strength constantly
>(Learn what carry trades are)
>Why don't I just trade indices (NASDAQ especially)
>Make more money for less time trading
>I don't scalp, like some degen retard instagram fake trader
>I don't trade around earnings
>I don't need too
>Cus I understand Yen, Dollar, Nasdaq, correlation and make bank trading that
>Also understand the dynamic range of an Index
>I also trade the Dow, but it's slightly riskier cus less components and prone to being moved bigly by large components sperging out. Still, if you don't degen trade it you're fine
>You also need to understand yield
>Good luck

tldr
>Better off trading indices

>> No.55185356

>>55185205
I think forex is for whales that need countries worth of liquidity like george soros

>> No.55185550

>>55185303
I appreciate your input. I'm still trying to figure what I wanna do and what's the easiest path to start with. Sounds like trading indices is something I should look into.

>> No.55186103

FOREX is big man tings

>> No.55186994

>>55184238
Crypto is way better for me than stocks (slow, expensive) or forex (slow, expensive, sometimes random).

You won't find good crypto trade material unlike forex online. So gest start with forex. Us japan us excellent market. >>55185303

>> No.55187883

lost 50 grand shorting USDJPY last year