lost around 3k withuot knowing much about forex, now i want to learn and re earn them

[RedDuke]

Why do you say that forex is not profitable?

Because all forex trading accessible to you are done on virtual machine of bucket shops. It is not real. if you want to trade currencies your best bet is CME currency futures.

Since forex has no central exchange, bucket shop can knock you out of a trade, and then claim well, we got a quote from a bank of Tanzania.

Trading is very hard, no need to make harder.

 

[Bum]

Thanks Bum.
What do you mean with .01?

Position size of .01 lots.
No reason to trade more than the minimum size until you're profitable (weekly/monthly).
Small losses while learning keeps the emotional stress less a factor.

 

[GRULSTMRNN]

Total nonsense. What makes you succeed in futures when you fail at cash fx? You just used bad brokers for fx. Has nothing to do with the product itself.

Forget Forex, very small chance you (or anybody else) will ever make profit. Check out E-Micro stock index futures. Still a hard road to trading, but a more level playing field. The place to start is the futures exchange web site; CME Group. Best of luck - Lou

 

[GRULSTMRNN]

What are you talking about? The same percentage of futures traders fail. It's just that the bar is way lower to enter fx because of all the bad apples that allow 100:1 leverage or more and mark up spreads. If you go with the right broker you won't be subject to all those shenanigans.

Fact is that fx is way more liquid and hence there is less risk of manipulation by large players in the market. Also spreads are way tighter in fx than stocks or futures.

Profitable for the brokers, banks, market makers, "educators" and gurus, publishers online and in print. Retail traders not very much. Many online threads/post on percent of retail Forex traders that are long term in the green. Numbers I have read (online so it must be true) MAYBE 5% eventually make consistent profits.

Hey, we are all adults. It's your time and money. If you think you have found a better edge trading retail Forex than CME futures who am I to say otherwise.

 

[padutrader]

Because all forex trading accessible to you are done on virtual machine of bucket shops. It is not real. if you want to trade currencies your best bet is CME currency futures.

Since forex has no central exchange, bucket shop can knock you out of a trade, and then claim well, we got a quote from a bank of Tanzania.

Trading is very hard, no need to make harder.

good advice
but if you want to trade small capital then get a good ecn broker and you can start with 200usd.
I did that with pepperstone and I am very happy with them for over 5 years now they are no bucket shop....I have trade over 20 standard lots in one order so they are true ecn and not market makers I recommend them very highly...... IMO

 

[padutrader]

unfortunately the only way to go about this is that you have to learn a lot....and it takes time. so trade minimum size
also you have to learn the rubbish first so be prepared to lose for about min 2-3 years.
you may become profitable earlier or much earlier but be mentally and psychologically prepared for that

 

[padutrader]

20-30$

most people think it is easy to make small amounts in a trade but it is actually more difficult because you have to be extremely precise with entries and exits.
which inexperienced people are unlikely to be able to do.
that is why only highly experienced traders scalp

 

[bbpp]

Because all forex trading accessible to you are done on virtual machine of bucket shops. It is not real. if you want to trade currencies your best bet is CME currency futures.

Since forex has no central exchange, bucket shop can knock you out of a trade, and then claim well, we got a quote from a bank of Tanzania.

Trading is very hard, no need to make harder.

Clueless and ignorant.

 

[heispark]

I bet you will lose another $3K sooner or later. Why you want to/need to be a trader? To 99% of people, trading is absolute waste of time and money....

 

[Franzesko]

I bet you will lose another $3K sooner or later. Why you want to/need to be a trader? To 99% of people, trading is absolute waste of time and money....

What do you mean exactly?
Is it related to financial situation, to goals or what?
I am very interested as I have money to invest, but I am reluctant to invest them in trading as I see many risks.