How do I trade Forex?

T

tradingacct1

what is it?
i mean, i know what it is, but, how do you trade it?

EUR/USD for example. do you just look at it, set some targets and trade near support and resistance?

What do you look for?
Consider this a beginners thread and question.

Thanks!
 
tradingacct1 said:
Why not?
More...

It is hard because it is more choppy and less trendy , at least picking stocks you can get rises of 200 to 1,000 % , so your risk reward improves.

In forex there is no appreciation , so your risk reward increases.

let us say you risk 50 points in fx for 50 profit , in stock you can get 500 for 100 = rr 5
 
Is there anything to how many posts one has to duration when first signed up to ET? Churn and Burn.

ROFLMAO "rises of 200 to 1,000 %" so penny stock buyer, yea real conservative to offer other newbies.
 
Handle123 said:
Is there anything to how many posts one has to duration when first signed up to ET? Churn and Burn.

ROFLMAO "rises of 200 to 1,000 %" so penny stock buyer, yea real conservative to offer other newbies.
More...


Handle



you don't know what you are doing



hndle.jpg


monkey.jpg
 
tradingacct1 said:
Why not?
More...


Because if you trade the nearest month's Euro futures instead of EUR/USD, volume is available as well. The correlation between price movements in the EUR/USD and price movements in the nearest Euro future is about 99.9%, so the question you need to ask yourself is whether you want to trade the same thing with volume available, rather than without it being available. Not a very difficult decision, really.

People trading EUR/USD against counterparty market-makers in the spot forex arena are those without enough working capital to trade futures. If you have that, there's no advantage in trading the EUR/USD.

And now we'll doubtless see whether anyone finds this view "contentious". ;)
 
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