Trading Forex Vs. Equities?

Dear Fellow traders. I have been trading the forex markets over the past 2.5 years. This is the only market that I have ever traded, so I am completely green when It comes to trading markets such as equities, commodities, etc.

I have been offered a trader/training position at a Proprietary trading firm, however, they do not trade the Forex Market. They only trade stocks/equities.

Since I have no experience trading stocks, I wanted to know what the learning curve may be???

I have become quite consistant and profitable trading the forex using price action around key support and resistance areas. I wanted to know if the stock market moves in a similar fashion?
To make it short.. If I am successful trading the forex, can i have similar success using the same strategies that i am using in the forex markets to trade the stock market?

I have been trading SP500, NQ and other futures for almost 2 years and now just strated trading forex in January. In my opinion if you understand the basic principles of trading: money management, having set of rules, etc. Everything you've learned while trading forex will be useful in trading stocks, commodities,the principles are the same in all the markets in my opion.
The learning curve is different for everyone... there are some people that started trading the same time I did.. and they still don't get it... and I don't claim by any means that I understand everything.
I think the movements are quite the same when it comes to futures, not sure about stocks to be honest.

Hi,

I have traded pretty much every product there is from derivatives, futures, equities, treasuries, energy, metals, commodities and fx.

If you trade the firm capital in future, it should be less of a concern what product you trade - for the individual retail trader, leverage is still a valid point to base a choice on. When I used to trade equities in my portfolio, the leverage was 1/20 compared to 1/100 on fx - that makes a difference to your buying/selling power and logically only a small percentage was allocated to equities.

In terms of the 'price-behaviour' of different asset classes, you will get used to it once your put your mind around it. In the same way that different curency pairs can act differently at times, all other instruments act similar on the basis of supp/res, mean-reversion, break-outs etc. - some faster. some slower.

Good luck.

regards
daytrading

thank you very much for the reply's ... So when trading the equities markets, the leverage will be right at 20/1 ? I suppose that leaves less room for profits and losses compared to the 100/1 nature of the fx markets.

Im wondering how long it would take to make a decent living trading at a prop house? this particular company that I may work for only starts you off with 25k USD. until you begin showing them that you can turn a consistant profit. Then they give you a larger amount to trade with. They only pay out 50% of the profits that you earn, however they put up all the risk and capital. I will not have to give them any money and their training program is free. however, There is no base salary.. strictly performance driven.

any thoughts on this