Ive heard a lot of talk about Forex and I would love to learn how to do this myself. Also, somebody told me you can use Forex to "make koney with money". idk if that statement is neccesarily true but hey maybe you guys can teach me something :)
Has anyone heard of Baby Pips to learn how to forex trade? And if so, is it any good? I’m looking for something that will teach me to the point where I can make this a full time job. I want something that is well known and I don’t care what the price is, I will dedicate my time to it. So if baby pips is the way to go, then let me know. Or, if there is anything better out there, then let me hear it! Any recommendations will be helpful! Hope you all are staying safe!
I'm over thirty and it's too late. I should have building blocks I can use to base my life on but I feel like I have nothing. I can't get motivated, I try something new but it's hard, I can't do it, it reminds me of what a total fuck up loser I am and I meltdown. Even other people doing something positive can trigger me. A friend I live with is learning how to Forex trade and it got me thinking about the difference between me and him. He can see a life where he's happy, he gets what he wants and he has the faith in himself that he can learn and move forward. I can't, or it takes me so long that I get frustrated and meltdown. Or I just can't focus and get on with it. Nothing makes me feel better, I've lost all drive and passion because everything's become about trying to avoid the spiral of depression and anxiety. But everyone's going to leave me behind. I'm the oldest in my friendship group and by far the least accomplished. I have to spend so much goddamn fucking energy just to stop me from feeling like it would be better to kill myself. I had some small early successes but it never led to anything and now I'm stuck, with the best part of my life behind me already. No future. No hope. Its just a waiting game now until enough people move on with their lives away from me and I'm left with nothing, no-one and no hope for change. Then I'll inevitably jump in front of a train or something. Sometimes I fantasize about dying in an accident and becoming another statistic. I might be able to help people then. As an example, or an inspiration to someone to help people. This will probably fade in a few days and I'll go back to trying. But these feelings always come back. I'm tired of fighting of them, I've had them as long as I can remember and they don't go away.
How many day trades can you execute? I been trading stock but I’m only to 3 day trade and sick of tired of daily swing trades.. is there a limit or none? I’m new to forex, any information is appreciated and thanks in advance
If you've ever wanted to learn how to trade the financial markets such as Crypto. Stocks, or Forex. Message me on Instagram and I'm happy to have a discussion on there where I can answer any questions you have and share some more information. My instagram is @ learn2tradeaus :)
I used to trade only FOREX. I have since diversified into cryptocurrency for a less stressful approach. Anyone here interested in learning how to trade cryptocurrency and what steps you need to take?
As the title says, I used to only trade on FOREX. I have since diversified into cryptocurrency because FOREX was so stressful for me and I needed to have something that was a bit less news-job-report intensive to level it all out. You can't get away from charts and candles in crypto, but I feel like there are more long-term hold opportunities in the crypto space and I feel like longer-term investments are less stressful for me. I know this isn't 100% FOREX related, but since I do trade on FOREX, I feel like it has relevance in terms of the ways the spaces are similar. First, the reasons I diversified. The main one that frustrates me is I feel like the cards are stacked against me in ways I have no control over. Exchanges can sell information about customer buy and sell points to bigger fish than me. The whales have way more information about what the public is doing than I do. Next, trading firms have access to news much faster than me. They can process announcements in microseconds. And lastly, countries do crazy things with their currencies and I just wasn't great at interpreting all the signs. I don't like my fortunes being tied to job reports and the decisions of a treasury secretary that doesn't take any input from me. The above reasons pushed me to start trading longer term in FOREX. That's fine, there are plenty of long-term strategies that work. Most people will tell you that longer-term is safer, and so the shift didn't bug me that much. But over time, I felt like there were more currencies I was missing out on, so I started adding cryptocurrency into my portfolio. For those of you that don't know much about cryptocurrency, it's basically a currency that is not controlled by any one person or government (or shouldn't be). It's money free from political corruption, free from bailouts, and free from big banks. It is also highly more volatile than FOREX. Gains and losses are measured in the 10% or 20% range per day. There's actually lots of money to be made day trading it, just like FOREX. But I chose to take a longer term approach for my peace of mind. One of the things that I looked for when trading FOREX was to trade pairs where I could earn interest while holding it. Then when the pair appreciated, I could sell it for a gain plus the interest. Win win. Right now, I feel like I found that in ADA (Cardano) crypto. ADA just opened staking (mining) capability last week, meaning that just by holding it you can earn 4.5%-5.5% on your coins (paid in coins, not in dollars). It's the most undervalued crypto in the market (in my opinion), and the fundamentals on it look really strong. It is doing everything I was hoping a FOREX pair would do and I think it's the best crypto investment right now, so I'm just filing it away as a 5-year investment. It's now 50% of my "overall" currency investments, including FOREX. Anyway, that's my story. I wanted to share it in case anyone here was curious about Cardano in particular, and how it related to fiat currencies. I was super intimidated about crypto at first, but I am also a software developer with a lot of experience, and so I was able to make the transition quite well. I even started my own mining pool to earn more.
How To Make Sure That Every Trade Is A Successful One In The Forex Market
Many people think that the Forex market is simply too high risk to enter. It is important to note, however, that whenever risk is incredibly high, the ability to glean massive profits is high also. It is a market that is well worth investing in. Following are several was to ensure that all your trades produce phenomenal gains. Make sure that you know what you're doing before risking any money. This is a bit more complex than simply choosing currency pairs at random. You have to know how to determine which direction each currency is likely to move in and whether it's likely to gain or lose value. This is what makes these efforts so challenging. Without knowledge and the ability to read into currency trends, you will be basically gambling and relying solely on guesswork and luck. Identify informational sources that you can count on and use these to start making predictions about currency outcomes and directions. These could be news outlets or signals. There are also forums, investment advisors and many other professionals who can contribute helpful ideas and opinions.
Been trading full time for about 3 months now... Thought Id share my FREE trading group bc I had a lot of people asking me how I trade and when to trade. I share all my trades and breakdown every single one for educational purposes. Me and my team are up about 350 pips rn. Ive been able to help a lot of people out so feel free to join and make money with us! https://t.me/joinchat/QG0ZEhoJTzEeV7JUHQcLAQ
Because you are selling, your trade is entered at the price of 1.33820. You look at your position later in the day and discover that the EUR/USD is now at 1.34160/180. Your trade has lost 36 pips. You decide to close your position at the current buy price of 1.34180 and accept your losses. Get started with FOREX.com Forex is traded 24 hours a day, 5 days a week across by banks, institutions and individual traders worldwide. Unlike other financial markets, there is no centralized marketplace for forex, currencies trade over the counter in whatever market is open at that time. How FX Trading works Trade on one of the world's most popular trading platforms with access to dedicated support and integrated trading tools exclusive to FOREX.com. METATRADER * Based on active MetaTrader servers per broker, Apr 2019. To trade forex, choose a brokerage that is regulated by a major oversight body like National Futures Association (NFA) or Financial Conduct Authority (FCA) and open an account. Read and analyze international economic reports, then choose a currency you feel is economically sound to trade with, like the US dollar or Euro. The foreign exchange (also known as FX or forex) market is a global marketplace for exchanging national currencies against one another. Because of the worldwide reach of trade, commerce, and ...
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