Can you trade forex to earn money to buy an apartment? | Forex Factory

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Can you trade forex to earn money to buy an apartment?

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  • Can you trade to buy a house/department
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  • #1
  • First Post: Jul 21, 2016 10:14am Jul 21, 2016 10:14am
China major city house price likes rocket.nearly 5000USD-10000USD per square in my living city.
What house price in your country？Many people can buy a house？
Shenzhen my living city 1953 KM2 now is more than 2000 Millions people,push the house price higher and higher.'
And the building higher and higher,you have to pay more than 500000USD to buy a small house.
What's the stituation in your country?
Can you trade to buy a department?Does living in your coutry will have such burden？
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  • #2
  • Aug 4, 2016 2:34am Aug 4, 2016 2:34am
工资上涨的速度根本跟不比不上房价上涨的速度，大城市是这，小城市也是这！
  • #3
  • Aug 4, 2016 3:41am Aug 4, 2016 3:41am
Quoting leescofield
China major city house price likes rocket.nearly 5000USD-10000USD per square in my living city. What house price in your country？Many people can buy a house？ Shenzhen my living city 1953 KM2 now is more than 2000 Millions people,push the house price higher and higher.' And the building higher and higher,you have to pay more than 500000USD to buy a small house. What's the stituation in your country? Can you trade to buy a department?Does living in your coutry will have such burden？ {image}
The picture certainly looks like your home after you lose all your money in the forex ...
On the other hand, the buildings in the background are owned by the brokers that you will lose your money to.
  • #4
  • Aug 4, 2016 2:00pm Aug 4, 2016 2:00pm
leescofield
I think it would be very interesting if you post a photo of a house that cost $500000 in your hometown so we could compare perhaps. but to be honest, I did not think that housing is so expensive in China. As I heard you have not a very good situation with ecology and overpopulation, isn’t it?
  • #5
  • Aug 4, 2016 2:08pm Aug 4, 2016 2:08pm
Quoting Mingary
{quote} The picture certainly looks like your home after you lose all your money in the forex ... On the other hand, the buildings in the background are owned by the brokers that you will lose your money to.
the gambler
the devils apprentice Return Today: na
  • #6
  • Aug 4, 2016 2:25pm Aug 4, 2016 2:25pm
Quoting leescofield
China major city house price likes rocket.nearly 5000USD-10000USD per square in my living city. What house price in your country？Many people can buy a house？ Shenzhen my living city 1953 KM2 now is more than 2000 Millions people,push the house price higher and higher.' And the building higher and higher,you have to pay more than 500000USD to buy a small house. What's the stituation in your country? Can you trade to buy a department?Does living in your coutry will have such burden？ {image}
well, some very wealthy Chinese can, especially the ones who buys French Chateau and have lots of spare cash, they can gamble in the forex market and buy the bloody whole block of apartments.
the rich get richer.
but wealth doesn't last three generations.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #7
  • Aug 4, 2016 7:15pm Aug 4, 2016 7:15pm
Quoting nomatter
工资上涨的速度根本跟不比不上房价上涨的速度，大城市是这，小城市也是这！
你是哪个城市的，房价多少？
  • #8
  • Aug 4, 2016 7:32pm Aug 4, 2016 7:32pm
Quoting Collosus
leescofield I think it would be very interesting if you post a photo of a house that cost $500000 in your hometown so we could compare perhaps. but to be honest, I did not think that housing is so expensive in China. As I heard you have not a very good situation with ecology and overpopulation, isnt it?
http://www.globalpropertyguide.com/A.../Price-History
you can see these.
And I am talking about the major city which means have more education/heathly/public resources.
Then many many many people rush into major city.Also people can have 2 children now.
My hometown house price?Also became more expensive,about 738-1000USD ㎡.
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  • #9
  • Aug 4, 2016 10:01pm Aug 4, 2016 10:01pm
It is important to be realistic about what you expect from your forex trading. Your personal trading style will largely determine your profitability or lack of it.
  • #10
  • Aug 4, 2016 10:27pm Aug 4, 2016 10:27pm
Thinking in terms of "if I make this much trading, I can buy this" is very dangerous. It adds emotion to your trading. Instead of trading objectively, you let the thought of what you can buy with forex made money manipulate the way you trade, resulting in mental trading errors.

With that being said, best of luck finding a place to live! Very exciting.
  • #11
  • Edited 11:00pm Aug 4, 2016 10:45pm | Edited 11:00pm
Well,It depends on your initial deposit
  • #12
  • Aug 5, 2016 1:59am Aug 5, 2016 1:59am
With our imagination we can buy lot of things... what you should really ask yourself is "can I make money out of trading, and why ?" nobody can give you the right answer even the pessimists are biased.
  • #13
  • Aug 5, 2016 2:17am Aug 5, 2016 2:17am
Wow, the house price too crazy, the Chinese so rich. I'll quit forex go to China built house now.
BTW: you said "Shenzhen my living city 1953 KM2 now is more than 2000 Millions people,push the house price higher and higher." Mean over 2 billions of people living in Shenzhen?
  • #14
  • Aug 6, 2016 1:54am Aug 6, 2016 1:54am
Does a gambler buy an apartment by playing in the casino? There are probably some such cases in history. You have different opportunities to make money and buy whatever you can buy. Betting on something that you don't understand is surely not the safest option!
  • #15
  • Aug 6, 2016 12:02pm Aug 6, 2016 12:02pm
Well you know everything that I see at your pictures reminds me a lot of New York's views in China Town area and as I understood you’re talking about living in Beijing and it is the capital. But life in capital is expensive in any country of this world. As far as I know there is no exceptions of course I can be mistaken
  • #16
  • Aug 6, 2016 12:26pm Aug 6, 2016 12:26pm
yes, you can trade forex to buy an apartment, just not as a retail client. reasons are as follow:-
1) u are a speculator and most likely fall into the 95% that fail
2) you dont have adequate capital for proper risk management for lot sizes that can help you make substantial profits as well as diversification
3) even if you apply proper risk management, the lot size will be at the minimal end, making it a cent account. which will take years for you to even think of applying for a house purchase.
4) instruments for you to diversify risk are not readily availible to you as a retail client to proper hedge a position
  • #17
  • Edited 1:24pm Aug 6, 2016 1:01pm | Edited 1:24pm
more than 20000000 20million sorry for misunderstand.Very crowd.feel bad.there are many poor people too.And ""hukou" policy.made if we want our generation receive education in city then you need buy a department.I think trade to live is possible.
IF I have enough money to buy it,why I don't immigrate to developed country.Poor food safety.the price is overhead.
Quoting Antony_sg
Wow, the house price too crazy, the Chinese so rich. I'll quit forex go to China built house now. BTW: you said "Shenzhen my living city 1953 KM2 now is more than 2000 Millions people,push the house price higher and higher." Mean over 2 billions of people living in Shenzhen?
  • #18
  • Aug 6, 2016 9:56pm Aug 6, 2016 9:56pm
Quoting leescofield
more than 20000000 20million sorry for misunderstand.Very crowd.feel bad.there are many poor people too.And ""hukou" policy.made if we want our generation receive education in city then you need buy a department.I think trade to live is possible. IF I have enough money to buy it,why I don't immigrate to developed country.Poor food safety.the price is overhead.
https://en.wikipedia.org/wiki/Hukou_system

interesting - so are you saying your children can not get a good education unless they live in the most expensive city? In the USA, you can get an adequate education (from kindergarten through graduate school) in any State. It is not necessary to live in the largest city. One advantage of trading of course it is done on-line and you can do it wherever there is reliable internet service, which, in the USA, is virtually everywhere. You can choose to live anywhere and there are lots of places in the USA where housing is still cheap, whether you rent or buy.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #19
  • Aug 7, 2016 11:12am Aug 7, 2016 11:12am
The Fool, excuse me but could you name me the territories in USA where it is cheap to rent or buy a house and maybe I' ll think about changing my living location. When I was I New York last time I was told that rent of apartment is about $3000 per month in Manhattan. I do not say that it spreads on all America’s cities and towns but..
  • #20
  • Aug 7, 2016 11:27am Aug 7, 2016 11:27am
Quoting leescofield
China major city house price likes rocket.nearly 5000USD-10000USD per square in my living city. What house price in your country？Many people can buy a house？ Shenzhen my living city 1953 KM2 now is more than 2000 Millions people,push the house price higher and higher.' And the building higher and higher,you have to pay more than 500000USD to buy a small house. What's the stituation in your country? Can you trade to buy a department?Does living in your coutry will have such burden？ {image}
Why you need to buy in cash, Either rent or take Bank Loan
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