My first post on ET in 5 years. Has the signal-to-noise ratio improved here? Thoughts?

[Turveyd]

While I agree that the vast majority of retailers that try their hands on fx are incapable of generating profits I know quite a number of very profitable fx traders. Its the deepest and most liquid market, trades around the clock, has relatively low jump risk compared with equities, no risk of trading halts, delis tings, dividends, splits, or other corporate action. The potential for manipulation is very low with the right broker and liquidity providers, way tighter spreads and hence cost of execution than most equities. Not sure what's to dislike.

I see very few trading FX, although I trade a FX Spot account, haven't trading a FX in 6year, I'm NQ, ES, Dax, UK100, FX was good these days FX is just too slow most of the time, where as NQ your guaranteed pretty much action, first 2hours and last 2hours and sometimes all night.

just checked GPBUSD and Spread is 0.1pts which is TINY ( Maybe I get charged Comm's ?? demo account, yep 7cents so 1pt really cost, same as NQ )

 

[bluelou]

While I agree that the vast majority of retailers that try their hands on fx are incapable of generating profits I know quite a number of very profitable fx traders. Its the deepest and most liquid market, trades around the clock, has relatively low jump risk compared with equities, no risk of trading halts, delis tings, dividends, splits, or other corporate action. The potential for manipulation is very low with the right broker and liquidity providers, way tighter spreads and hence cost of execution than most equities. Not sure what's to dislike.

FX is probably impossible without an edge. OTOH, with equities you've got a drift term as part of the process; that covers up a lot of b.s.

 

[newwurldmn]

Thx for the counterfactual and it's a pleasure to meet you. I just checked out your profile. You don't appear to be a trader. All of your many posts this week are about politics. Are you finding this site and this particular forum to be useful with respect to understanding politics?

20 years. Was an equity derivatives bank trader for 11, left to do something new and traded on the side for the last 9. All equity volatility.

I haven’t posted in the trading forums because there hasn’t been anything interesting there to talk about.

 

[themickey]

Most stocks/commodities/futures have a story attached, ie news of some sorts which has some significance to peoples lives.
Fx traders should have nothing to talk about, it's just currency pair so just trade the goddam thing.
But here on ET fx traders can talk shit until the cows come home about nothing - ("ooohhh lookee, it's gone up a tick").
Unless it's USD index which has effects on commodity prices.

 

[DiceAreCast]

That's investing not trading. For everything else you need an edge.

FX is probably impossible without an edge. OTOH, with equities you've got a drift term as part of the process; that covers up a lot of b.s.

 

[DiceAreCast]

I completely disagree with you. I trade every month around 800million usd notional equivalent on average and it is hard work to stay informed at all times. It is all about being informed about macro events, taking a view on the term structure of rates, global trade, regulation, sanctions, wars, agreements, where large option strikes lie, what large players are doing. In my opinion it is a way more complex but rewarding puzzle than following some company news.

Most stocks/commodities/futures have a story attached, ie news of some sorts which has some significance to peoples lives.
Fx traders should have nothing to talk about, it's just currency pair so just trade the goddam thing.
But here on ET fx traders can talk shit until the cows come home about nothing - ("ooohhh lookee, it's gone up a tick").
Unless it's USD index which has effects on commodity prices.

 

[Laissez Faire]

I'm trading 100% systematic.

There seems to be a few systematic traders here. Check out the Journal section.

https://www.elitetrader.com/et/threads/fully-automated-futures-trading.289589/

 

[themickey]

I completely disagree with you. I trade every month around 800million usd notional equivalent on average and it is hard work to stay informed at all times. It is all about being informed about macro events, taking a view on the term structure of rates, global trade, regulation, sanctions, wars, agreements, where large option strikes lie, what large players are doing. In my opinion it is a way more complex but rewarding puzzle than following some company news.

Ya, but you are prolly several rungs above the normal grade ET fx wannabee playing with a $20 account out of New Delhi.

 

[DiceAreCast]

Sure but I am also several rungs below many of the top dogs in terms of size.

Ya, but you are prolly several rungs above the normal grade ET fx wannabee playing with a $20 account out of New Delhi.

 

[themickey]

Sure but I am also several rungs below many of the top dogs in terms of size.

I'm somewhere below the manhole cover on the ladder to the Top dogs but also I'm a happy enough little vegemite, wife hasn't sent me to the poorhouse yet with all her spending, even though she's trying hard enough .