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Forex less volatile than stock market??
- Thread starter mounafia
- Start date
Quote from sg20:
If you want cut down on the loses stay on the right side of the trade, always go with the trend direction especially in a typical swing market like now, and always use the longer TF for your guide.
sg20
That's what's so great about this game, two totally different strategies and ideas but both have the potential to make money so neither can be 'wrong'.
Opposite to what you do, 90% of the time I trade against the trend off a 15m chart. Occasionally I'll hit a home run but most of the time I'll just take a few pips. It's probably harder work as there's a lot of screen time involved but in today's volatile economic and geopolitical climate there's a lot to be said for being flat at the end of a trading day.
This raises another question about forex being a zero-sum game, does someone really have to lose in order for someone else to gain, I don't think so, it's just a never-ending stream of buying and selling for all different kinds of reasons, in theory the payoff is infinate.
Quote from alex.samant:
aren't you supposed to risk a certain amount as a percentage of your account?
if so, what difference does leverage make when you are risking 2% of the account on futures, stock or forex?
this is getting really old with the FX leverage stuff.... Leverage only helps you because forex deals in 0.0001 and it would really suck to gain the 10th part of a cent on a trade....
It magnifies the potential for profit. But it doesn't make you lose more than you put on the table....
Agree, actual leverage used doesn't really mean very much and is more of an insignificant by-product calculation.