Is FOREX a random walk ?
are there anybody making money in the market from the traders and hudge funds ? is the only profitable once are banks and brokers ?
also general forex thread.......................
FOREX GENERAL
Joseph Perry
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Nicholas Richardson
is there anybody making money from forex here?
Isaac Anderson
shhh! Let the kids play with their shytocoins.
Landon James
I met a guy who got rich with the forex. It was his full time job and it's much more involved than chasing pump and dumps with shitcoins. It's much less lucky gambling and much more spreadsheets become your life.
Josiah Barnes
lel
Camden Moore
>Is FOREX a random walk ?
USD pairing isn't. That's what I do mostly.
>are there anybody making money in the market
Yeah. Mostly it has overnight trading. During the day at 0600 (L.S.E. opens) there's pump, then the same at 0830 as well when NASDAQ opens. Same 3/4 hours later. There is a timesframe which varies of 15/30 mins. Always a big dump 15 minutes before close (1630 and 2100pm) which can shorted.
>is the only profitable once are banks and brokers ?
I am not sure exactly what you mean here.
Leo Miller
Traderview has alot of forex traders who can help you.
Blake White
If you are a Veeky Forums regular Forex is not your thing. If you don't even know basic econ 101 formulas such as MV=PT you will NEVER make profit with Forex.
The thing is the people that actually are knowledgeable enough about economics to make profit off of FOREX don't have to browse this thread.
Therefor I can safely say that if you are reading this thread looking for a new source of income now that you are doubting in the short-medium term of crypto. You won't find a new home in forex-trading.
If some of you are capable enough to mathematically describe quantitative easing, Deflationary spirals and treasury bond swapping then I might want to show you the ropes and take you under my wing.
Otherwise. Stick to crypto.
Jace Morgan
almost. im a demo account millionaire lmao. i've been developing forex systems since i left high school. the thing is, a system that works well, will work for everything. a big part of my backtesting is also applying my system on indices and stocks to confirm it actually works.
One thing i've learned is that conventional trading advice will not make you rich. If normal advice was worth anything there'd be a lot more successful traders in the world.
>dude play it safe and dont risk more than 1% of your portfolio!
top kek. think your going to get rich that way? google any serious trader, who turned thousands into tens of millions, and you will see they developed extremely high success rate systems and bet large. I dont bother with anything less than 80% win rate.
I will be going live with my strategy next week. i actually posted parts of my sytem on Veeky Forums but no one was interested. i wont be sharing again unfortunately as i see no benefit to giving away my hard work
here is the best book on trading you must read first though
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Thomas Nelson
Is this the gambling general?