Do you prefer trading only Forex or indices and other instruments too ?

[globalarbtrader]

the broker that i trade with gives me SPX_CASH
i personally haven't traded it, only trade EURUSD

the point where you mention about account getting hacked and robbed, are you speaking of the crypto wallet ?
if you are speaking of forex, its as safe as stock market or any other market, not so easy to hack and take out money that's already linked to your bank.

There is no such thing as SPX_CASH. It's probably a CFD, or a spread bet.

I'm talking about crypto wallets. Not sure if forex is as safe as the stock market, as you have counterparty risk to a bank or broker with some comingled account rather than electronic share certificates in your name, but sure all are safer than crypto.

It's a bit worrying that you're a sponsor on this forum, but seem to have very limited knowledge of trading and the financial markets in general. I'd be very concerned if I was thinking of signing up with your service (there are a number of other red flags besides your posts, FWIW). Plus you need to buy a keyboard with the caplocks key on.

GAT

 

[Raheel Shaikh]

It's a bit worrying that you're a sponsor on this forum, but seem to have very limited knowledge of trading and the financial markets in general. I'd be very concerned if I was thinking of signing up with your service (there are a number of other red flags besides your posts, FWIW). Plus you need to buy a keyboard with the caplocks key on.

GAT

Well my forte is FOREX and the company that sponsors me is a FOREX prop firm so i guess pretty much meet all the requirements in that list

not sure if you're gonna go to a car mechanic and ask him about how NASA builds rockets and when he shows no intelligence about it, you gonna state him a bad mechanic and the automobile store shouldn't keep him.

also, when i am asking question that's outside forex industry, I'm trying to learn more and this is what the forum is all about, isn't?

I'm talking about crypto wallets. Not sure if forex is as safe as the stock market, as you have counterparty risk to a bank or broker with some comingled account rather than electronic share certificates in your name, but sure all are safer than crypto.
.

GAT

speaking about forex, yea its as safe as stock market is or even better when you work with regulated brokers in your country.

 

[reecerispoli]

I have always been into forex from the start and recently narrowed down to only trading EURUSD
basically intra-day with swing depending on the setup.

Most of the members in our community enjoy trading indices and crypto

Just curious to know what are the pros and cons of other instruments and how they differ from forex in price action, trend wise and over all ?

the cost is more important than the price action and retail forex is more expensive

 

[socool]

I like to dabble into other instruments, but forex will be my main for trading. I have been getting curious with gold or silver these days

 

[Overnight]

I like to dabble into other instruments, but forex will be my main for trading. I have been getting curious with gold or silver these days

Be very very careful with precious metals. They don't move like FX pairs.

If you choose to do so, choose MGC, so if you make a mistake it does not wipe you out.

 

[ChipShotTrader]

I have always been into forex from the start and recently narrowed down to only trading EURUSD
basically intra-day with swing depending on the setup.

Most of the members in our community enjoy trading indices and crypto

Just curious to know what are the pros and cons of other instruments and how they differ from forex in price action, trend wise and over all ?

Awesome! Now you can just focus on 6E Futures exclusively, and use TICK data...

https://www.cmegroup.com/markets/fx/g10/euro-fx.html

 

[Conjumeena]

I think that it is better to diversify the assets that you trade. along with currencies, I also trade cryptos which are really nice assets to trade if you know how they behave and how to use risk management. I am strongly convinced that money and risk management are the key things which will make you preserve the money. I like cryptos for their volatility. Whatever happens, cryptocurrencies are always in the move and you have the chances to reap the rewards if you react in an efficient way.

 

[diabolique]

Yea, just like you said, I think diversifying your asset is a good idea - this allows you to get familiar and find out which one works well for you and your trading.

 

[jocrape]

I trade forex as well as cryptos. These two markets are highly volatile and tend to move much faster than any other assets which in turn makes it riskier, but we can’t ignore the profit potential which is also bigger.

 

[nikipari]

In my opinion, risk-taking is the first requirement of the trading market.
Respectfully yours, if there is no risk-taking personality, it will deprive us of the possibility of progress and observance of the right principles.
Strategic trading, in addition to the need to observe the basics of the transaction, requires the appropriate morale to do so.