Forex is a fun place to be...well, over the stock market, that is...
Let's look at it.
You buy a stock - $1000 investment, pay traders fees - $20 in and $20 out...broker and size of trade dependent...
You are out 4% if you took a trade and got out square.
Do you realize that there are some people that think that, in forex, you should set a 1% trade threshold?
Wait, whut?
Yeah...
Unlike Stocks, where you can be hit with 4% by simply getting into a trade...in forex, your threshold is only supposed to be 1%...
Geaux Figga!
Wait...it get's better!!
You are afforded upto what, 1000x your margin with forex and Most Stock Brokers allow for a max of 1:1.
So?
SO...why the fuck wouldn't you put this money to work for you?
What?
Yeah...Seriously...
You have 1000 available to trade...someplace between 20 and 1000% leverage...wtf are you afraid of?
Any stock you sink 1000 into can drop as fast as you can breathe. Any currency you invest in, can drop...but as fast? Will you lose as much??
On a single Trade?
Sure...it's possible and if you've blown up an account or two - for the record, I have lost track of how many accounts I've exploded using "acceptable risk management", but if you watch and see...exercise a little patience...grow a little brass in DD situations...the one thing that you will come to realize is that:
The Market ain't as hard as you've been told or been trading!
I know...sounds like bullshit...but...the tortoise proved to the hare, slow n steady will win the race...
I will prove it to you again!
Let's look at it.
You buy a stock - $1000 investment, pay traders fees - $20 in and $20 out...broker and size of trade dependent...
You are out 4% if you took a trade and got out square.
Do you realize that there are some people that think that, in forex, you should set a 1% trade threshold?
Wait, whut?
Yeah...
Unlike Stocks, where you can be hit with 4% by simply getting into a trade...in forex, your threshold is only supposed to be 1%...
Geaux Figga!
Wait...it get's better!!
You are afforded upto what, 1000x your margin with forex and Most Stock Brokers allow for a max of 1:1.
So?
SO...why the fuck wouldn't you put this money to work for you?
What?
Yeah...Seriously...
You have 1000 available to trade...someplace between 20 and 1000% leverage...wtf are you afraid of?
Any stock you sink 1000 into can drop as fast as you can breathe. Any currency you invest in, can drop...but as fast? Will you lose as much??
On a single Trade?
Sure...it's possible and if you've blown up an account or two - for the record, I have lost track of how many accounts I've exploded using "acceptable risk management", but if you watch and see...exercise a little patience...grow a little brass in DD situations...the one thing that you will come to realize is that:
The Market ain't as hard as you've been told or been trading!
I know...sounds like bullshit...but...the tortoise proved to the hare, slow n steady will win the race...
I will prove it to you again!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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