who else thinks forex trading is stupid!

[maxinger]

Haha funny. But are scalpers living a business lifestyle?

OK. Serious business.

I am a full-time day trader trading futures.

I trade various futures except for currency futures.

There are many other better things to trade than currency futures.

 

[rajesheck]

Why do you think currency futures not doing well?

Are you a trend trader or scalper?

I am day trader too doing trend trading.

I am talking some secrets about day trading here...
https://www.elitetrader.com/et/thre...isky-should-stop-loss-be-more-liberal.374734/

 

[alistera]

i rather trade stocks! stocks are easy! all you have to is times the amount shares with the price of the stocks you want to buy to figure out how much youre going to make or lose when the stock go up or down. easy right!? well forex want you to jump through hoops and do all this stupid shit like algebra and geometry (satire) and figure out the distance from the sun to earth with a pencil before you can make a purchase on a trade! lot size is retarded!

Forex works as well as any other instrument, just more people use it incorrectly with faster account evaporation so it gets more headlines, mostly bad, I have access to HFT Forex, now that's spectacular.

 

[Ava]

I don't think so. There are so many successful traders.

 

[rajesheck]

I don't think so. There are so many successful traders.

How do we define success ?
It is subjective than objective.
For a standard definition we may say a minimal profit equivalent to bank loan interest is a decent successful trading.

Can I ask you a question?
How many of our colleagues or neighbours or friends or relatives have retired from day job just because they have become successful traders?

Almost none, if not zero, right?
It means the speculation that 98% of the trades are not making money may be true.

 

[murray t turtle]

i rather trade stocks! stocks are easy! all you have to is times the amount shares with the price of the stocks you want to buy to figure out how much youre going to make or lose when the stock go up or down. easy right!? well forex want you to jump through hoops and do all this stupid sh*t like algebra and geometry (satire) and figure out the distance from the sun to earth with a pencil before you can make a purchase on a trade! lot size is retarded!

%%
GOOD thing for me i failed on my first attempted 4x trade;
some places in Argentina take US $, but that dealer did not \nor speak much englishLOL
I much prefer stuff like SPY +QQQ related .
Must be some good profits in forex if a badly run bank like C-citigroup could make money in it.
C-citigroup is really $4.62\$46.20bid now\ but the I bankers reverse split x10 it to hide the penny stock price

 

[kmiklas]

i rather trade stocks! stocks are easy! all you have to is times the amount shares with the price of the stocks you want to buy to figure out how much youre going to make or lose when the stock go up or down. easy right!? well forex want you to jump through hoops and do all this stupid shit like algebra and geometry (satire) and figure out the distance from the sun to earth with a pencil before you can make a purchase on a trade! lot size is retarded!

Who’d have thought that math proficiency is needed in finance and trading?

Anyone want to break it to him about Black-Scholes-Merton, Stochastic Calc, Probability, bond math (including duration formula), and the Greeks?

Also, those stocks you’re trading? Without doing the math, you’re gambling. To trade technically you’ll need to understand things like moving averages and resistance levels. As a longer-term investor: understand mean reversion, be able to read a financial statement, and even create your own company model.

You might do better on the slot machines.

 

[murray t turtle]

Who’d have thought that math proficiency is needed in finance and trading?

Anyone want to break it to him about Black-Scholes-Merton, Stochastic Calc, Probability, bond math (including duration formula), and the Greeks?

Also, those stocks you’re trading? Without doing the math, you’re gambling. To trade technically you’ll need to understand things like moving averages and resistance levels. As a longer-term investor: understand mean reversion, be able to read a financial statement, and even create your own company model.

You might do better on the slot machines.

%%
LOL THAT's another stock market risk\ reward
they pay much more often than slot machines
Dave ramsey said on a cruize, his wife Sharon won $120\in noisy[$00.25] quarters\ then lost $600, in slot machine quarters.
I think single stock trading is stupid for me/ worked well for Peter Lynch, Mike Marlin Masters.
But working with a stock combo like SPY,SSO[2x],QQQ QLD[2x] could be very profitable; 2nd grade math may help LOL.
4th grade math, dont need that much, its not rocket science .
If a badly run bank like C-citgroup can make money in 4x,[aka forex] must be some good profit in it.
Find something you love like candlecharts....

 

[monet]

I don't think so. There are so many successful traders.

Did you know your photo has been used on a bra pads product page?

 

[Overnight]

Did you know your photo has been used on a bra pads product page?
..

DOH! Busted!