Why do you guys trade Currency?

Quote from Chood:

No.
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a resounding no from me too.

it's no easier to trade than any other market. you still need to learn the craft and apply it successfully.

let's put it this way, if you can't trade any other market successfully then trading the currency market will not change anything. you still need to put in the effort and get the knowledge (regardless of method) to have any chance of trading this or any market successfully.
 
The successful trader in currency is trade less and trade big; is not a game for beginner; but is the best way to learn trading.
 
Quote from poohbear:

I agree. I find Euro market very efficient and mostly driven by news or liquidity demand, thus un-tradable for individual trader because you won't have an edge on these things.
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When you find a major market that isn't primarily driven by flows and news, please let me know. Seriously. What market isn't?

My own experience with forex - going back to the mid 90s - is that the forex market is the psychological market. Trends persist because market participants expect them to persist. That makes them very technical.
 
Quote from risktaker989:

a resounding no from me too.

it's no easier to trade than any other market. you still need to learn the craft and apply it successfully.

let's put it this way, if you can't trade any other market successfully then trading the currency market will not change anything. you still need to put in the effort and get the knowledge (regardless of method) to have any chance of trading this or any market successfully.
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Spot on. If you don't have a good understanding of trading and what it's all about, the market you trade isn't going to matter a bit - unless you luckily stubble in to a market in a strong trend (like stocks in the late 90s).

The advantage forex trading offers is ready access to literally anyone. That, though, can be good and bad.
 
Coming from US equities markets, I like being able to find something that's trending while the stock market chops.

There's always a trending market somewhere and I like the idea of having broad horizons in which to search for them. US stocks/indices aren't the only game in town.
 
Quote from virgin:

Because when I talk to woman about my forex trading, they get horny :D
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The smell of money is an aphrodisiac, eh? I of course wouldn't know. :cool:
 
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