Check these sexy trends... Forex as you probably know is the largest market by volume in the world. Which means it is more liquid than.. something very liquid. Which means practically guaranteed fills. That's important. Also with so many pairs like crypto they can be traded at any time of the day.
Keep in mind I'm not an expert in forex. But here are some other cool facts:
The most volatile times are the new york and london sessions. London is the most volatile.
Pairs often move around less than 1% a day which means unless you have bank deep pockets you'll probably use leverage.
Available leverage is often 20x-100x.
Price catalysts are often news events.
Most forex traders lose money. Vast majority.
Long vs short data is available for some exchanges.
Fees are usually small. Some brokers like Oanda just charge the spread.
So yeah, I've played around with a small account but haven't gotten too far into it. One thing to remember about forex (vs say penny stocks) is that they tend to trend significantly. Meaning once they start trending they have a tendency to keep going.
Also EW. You get clear counts on almost every chart. I don't know if it's because of the big bank algos or what but it's pretty sweet. Anyway just my two cents. Also big shout out to three of my favorite traders who I follow (and learn from) incase you're reading this. Philakone, Dan from chart guys and Tone Vays. You guys with your content inspire me every day. Disclaimer: I have no affiliation with said traders.
Keep in mind I'm not an expert in forex. But here are some other cool facts:
The most volatile times are the new york and london sessions. London is the most volatile.
Pairs often move around less than 1% a day which means unless you have bank deep pockets you'll probably use leverage.
Available leverage is often 20x-100x.
Price catalysts are often news events.
Most forex traders lose money. Vast majority.
Long vs short data is available for some exchanges.
Fees are usually small. Some brokers like Oanda just charge the spread.
So yeah, I've played around with a small account but haven't gotten too far into it. One thing to remember about forex (vs say penny stocks) is that they tend to trend significantly. Meaning once they start trending they have a tendency to keep going.
Also EW. You get clear counts on almost every chart. I don't know if it's because of the big bank algos or what but it's pretty sweet. Anyway just my two cents. Also big shout out to three of my favorite traders who I follow (and learn from) incase you're reading this. Philakone, Dan from chart guys and Tone Vays. You guys with your content inspire me every day. Disclaimer: I have no affiliation with said traders.
Uwaga
Philasophical question. If an asset moves 2% in a day and you're on 10x leverage (with a high liquidity market with very low slippage) is it not the same as having a daily range of 20%? I think it is... leverage in forex is a whole nother ball game. 100x is completely different on a low volatility asset vs something crazy like crypto.Uwaga
Meh, wish the fees on stocks werent so damn high making it impossible for small accounts to scalp or latter when you factor fees into your R&R. Sucks. =p
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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.