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I have decided that forex is a losing game - moving to stocks

  • #121
  • Nov 13, 2015 6:23pm Nov 13, 2015 6:23pm
I think trading commodities is more secure than trading forex,
because no black swan as in forex that can wipe out all balance = zero balance , even got negative balance
what do you think ?
paid for waiting , a zero sum game, keep dancing till the end
  • #122
  • Nov 14, 2015 8:17am Nov 14, 2015 8:17am
Quoting Exodus
{quote} On a general basis that appears to be true. However the real problem is to find a mentor who knows how to teach as well as knowing what they are talking about. There are some philanthropic wealthy people who have 'enough' and are prepared to share their knowledge. The first question to ask a fee-charging potential mentor is "show me evidence of the pile you have made from trading".
Well Said... My personal recommendations is "read" and develop own way..
Prachait Saxena
  • #123
  • Nov 15, 2015 5:46pm Nov 15, 2015 5:46pm
Quoting moveonbaby
I think trading commodities is more secure than trading forex, because no black swan as in forex that can wipe out all balance = zero balance , even got negative balance what do you think ?
Trading in commodities secure ? I suggest do some homework about the percentage moves in Gold and compare.
You dont need a "black swan" event to wipe out your balance and go negative.
  • #124
  • Nov 15, 2015 5:46pm Nov 15, 2015 5:46pm
Quoting prachait
{quote} Well Said... My personal recommendations is "read" and develop own way..
Amen.
  • #125
  • Nov 16, 2015 5:22am Nov 16, 2015 5:22am
Quoting lasty
{quote} Trading in commodities secure ? I suggest do some homework about the percentage moves in Gold and compare. You dont need a "black swan" event to wipe out your balance and go negative.

how come trading gold also can wipe out balance?
is it because no sl ? or not using risk management ? big spread ? or something else?

isn't big percentage move is good for trend trading ?
paid for waiting , a zero sum game, keep dancing till the end
  • #126
  • Nov 16, 2015 1:38pm Nov 16, 2015 1:38pm
Quoting moveonbaby
I think trading commodities is more secure than trading forex, because no black swan as in forex that can wipe out all balance = zero balance , even got negative balance what do you think ?

Ho ho ho depends on your leverage, sell gold at $500 per pip and you can see how to wipe out an account in no time yet gold has only fallen $0.50.
  • #127
  • Nov 17, 2015 1:14am Nov 17, 2015 1:14am
It is dismaying to see basic questions like that being asked.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #128
  • Dec 14, 2015 4:23am Dec 14, 2015 4:23am
Quoting justin7
and have decided to quit forex all together. Where is there a good broker I can demo from? And what's a good free up to date stock screener? thanks
Wow brother it is not true the problem is you have not gotten your edge. It took me 3 years + before I got the stuff right. I am not making money yet though because I have not make deposit yet.
DO NOT PM ME FOR MY METHOD OR ANYTHING PLEASE, I WOULDN'T RESPOND
  • #129
  • Edited 4:16pm Jan 29, 2016 9:56am | Edited 4:16pm
Quoting justin7
and have decided to quit forex all together. Where is there a good broker I can demo from? And what's a good free up to date stock screener? thanks

You do have the benefit that you can trade from the daily and still have enough setup opportunities due to the number of stocks out there.

Stock trading is a momentum based game and we usually need that momentum to be established before entering. That's where candlesticks come in:
A simple but effective approach is to trade the pull backs on parabolic moves like this in a bull market:

Attached Image (click to enlarge)
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Play with a stock screener to do a daily scan:

http://finviz.com/screener.ashx?v=21...a200_pa10&ft=3


But remember liquidity can be an issue here. And always back test!

Hope this helps.

Q




___________________________________________
>> Quintons Simple & Effortless Trading thread
  • #130
  • Jan 29, 2016 12:31pm Jan 29, 2016 12:31pm
Forex really isn't for everyone. Most people have a hard time accepting it. Kudos to justin for realizing it, accepting it, and moving on.
  • #131
  • Jan 29, 2016 5:07pm Jan 29, 2016 5:07pm
You can trade ANYTHING.
  • #132
  • Jan 29, 2016 10:10pm Jan 29, 2016 10:10pm
No it's not a losing game, well maybe for you.


All markets trade in basically the same manner technically.

Its hard are to explain but once you start making money you will understand what I'm saying.


You probably just haven't put enough time into it.
Be hopeful in a winning position, and fearful in a losing position.
  • #133
  • Feb 2, 2016 6:32am Feb 2, 2016 6:32am
Quoting justin7
and have decided to quit forex all together. Where is there a good broker I can demo from? And what's a good free up to date stock screener? thanks
No Sir, dont lose hope so fast!! Forex is no doubt a tedious but it is well rewarding too. You need to be a little active trader. Basically keep a track of news which can potentially affect the currency pair. Keep the strategy simple and go for deep fundamental insight for better understand. I would request you to try FOREX again. Try news trading, you will benefit alot from that.
All the best Justin

AM
  • #134
  • Edited Apr 27, 2016 2:29am Feb 4, 2016 3:49am | Edited Apr 27, 2016 2:29am
Quoting justin7
and have decided to quit forex all together.
Ooo, I agree with ArjunMakhija.
And I want keep up to you for continue trading on Forex. There are several reasons for this...
You:
- have job with free time of work.
- can regulate a lot of money.
- have riscs and in other side, you have chance to get profit.
{ information deleted by staff, per membership policy }
  • #135
  • Feb 4, 2016 5:23am Feb 4, 2016 5:23am
why not trade both?? i trade stocks during the day and when I get home from work I check FX markets for possible set ups as well....Good trader should be able to trade number of markets at the same time...the set ups are exactly the same on FX, share, commodities and indices...
  • #136
  • Feb 26, 2016 5:36am Feb 26, 2016 5:36am
Quoting justin7
and have decided to quit forex all together. Where is there a good broker I can demo from? And what's a good free up to date stock screener? thanks

It's not forex that's the problem it's these high frequncy trading methods, and news trading (which brokers and news sites push), which make traders lose.

Newsites need fresh content for SEO purposes, so they have to push day trading, news trading
Brokers love it, more trades, more commissions


is this what you did?
  • #137
  • Feb 28, 2016 9:16pm Feb 28, 2016 9:16pm
China stocks down.
Interestingly a mate sent me a scenario of every US election year for equities.
Early year up mid March and beyond down.
A positive number friday night out of the US and there are screams for US rate increases.

I hate being a pessimist but after the woeful G20 I see nothing but weakness
  • #138
  • Mar 2, 2016 10:27am Mar 2, 2016 10:27am
Quoting 2+2=4ex
Forex really isn't for everyone. Most people have a hard time accepting it. Kudos to justin for realizing it, accepting it, and moving on.
I think he should also realise that you will have a much higher margin requirement when trading stocks, which is why it appears as a safer game. Try trading FX on 1:10 leverage and it may change your complete trading mindset.
  • #139
  • Mar 2, 2016 6:13pm Mar 2, 2016 6:13pm
Quoting lasty
China stocks down. Interestingly a mate sent me a scenario of every US election year for equities. Early year up mid March and beyond down. A positive number friday night out of the US and there are screams for US rate increases. I hate being a pessimist but after the woeful G20 I see nothing but weakness
Wit will be interesting if we break this major support. Or if we crack resistance too, but I got eyes on the support.
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All posts are my personal opinion
  • #140
  • Mar 3, 2016 2:11am Mar 3, 2016 2:11am
Quoting Rtm
{quote} Wit will be interesting if we break this major support. Or if we crack resistance too, but I got eyes on the support. {image}
Do you think or know if George Soros is still holding a short?
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
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