Forex trading

[s1962a]

I know this has come up before, and it's been deemed as a fools errand, but is there something about day trading FX with very small limits that has proven to work? I know there are so many of these 'experts' out there selling courses etc, and that 75-90% of retail investors are making money, but are there some ways of making this work with a low amount of risk?

[s1962a]

yes, 75-90% of retail investors losing money, not sure why I typed the opposite!

I was referring to lower risk strategies with lower returns, like a few pips etc. But it seems like pretty much all of them seem like snake oil.

[s1962a]

putonghua73 said:

I remember reading that 90% of people fail because the vast majority of people want fast money, without putting in the necessary study / work.

If you are genuinely interested, before signing up to any courses provided by people of dubious providence, check out Anton Kreil's company 'Institute of Trading and Portfolio Management' on YouTube. The ITPM provide lots of information for you to assess whether Forex trading is for you. One of the key notables is that Kreil's lifestyle YT posts get hundreds of thousands of views, yet the ones where he sets out a framework of forex i.e. financial history, market structure, currency pairs, volatility, etc, gets less than ten thousand (people want fast money).

I believe I recall that Kriel mentioned that ITPM trades are based on 80% fundamental analysis [FA], and a maximum of 20% technical analysis [TA].

Even if you decide not to choose ITPM (no recommendation from me as I do not trade forex), the ITPM put out a lot of useful information to develop a basic understanding of the common pitfalls and traps (dubious claims, training companies taking the other side of your position, conflict of interest), and information to help you decide whether forex trading is for you.

Thanks, thats interesting, i'll check that out.

[s1962a]

chip* said:

Send me £1000 today (pm for my Western Union details), and I will share with you all you ever need to know.

You sound like the blokes on YouTube. Do you have a course to sell, and a brokerage business based in some random place no ones heard of?

[s1962a]

okgo said:

s1962a said:

You sound like the blokes on YouTube. Do you have a course to sell, and a brokerage business based in some random place no ones heard of?

Are you for real?

Stay off the internet mate, it'll only end badly

What?

[s1962a]

BadBull said:

s1962a said:

I know this has come up before, and it's been deemed as a fools errand, but is there something about day trading FX with very small limits that has proven to work? I know there are so many of these 'experts' out there selling courses etc, and that 75-90% of retail investors are making money, but are there some ways of making this work with a low amount of risk?

The first thing you need to succeed is a beard.

And a screenshot of some candle charts behind you, to show how authentic you are

[s1962a]

All well and good fellas, but getting back to the original question again, are there any low risk low reward strategies for fx that might return a few basis points (taking the spread into account) or does no such strategy exist and it's all luck/gambling?

I'm fine with fundamental analysis on equities and futures, but forex just seems so illogical.

[s1962a]

limpsfield said:

I think the mistake that many make is being far too short term. The illusion that with 10 minutes work a day and a couple of clicks of the mouse you can make a few hundred quid, piece of cake. Some can - the vast, vast majority don't - you are right to not believe the hype.

For me, trading it over the longer term - days/weeks/sometimes months is the better way. Take a look at something like GBPUSD there have been some great medium to longer term moves in that over the last year.

Having worked in and around the trading/brokerage business for the past couple of decades the current gamification/ mass market push of it of it all really gets my goat - but then I am an old fart.

Cheers for that. If you're looking at trading something like GBPUSD over the long term, I presume that would be more fundamental analysis (news, forecasts etc) rather than looking at the charts via technical analysis?

[s1962a]

flashbang said:

Don1 said:

Remember signals are not just for traffic lights! All you need are skinny jeans, a sleeve tattoo and no other experience. You'll be making fousands in no time. In fact, so much money you will have to resort to storing it in bizarre locations...

What about buying the customary lamborghini and drone shots over a beach in dubai