anybody in here do currency trading (forex)? i heard u can make $$$$

PewPew

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tbt, I leaned the hard way, losing money. I'm not claiming to be a guru or expert but I had to humble myself and stick to 20 minute stock index binaries and 5 minute forex binaries. Watch a couple youtube videos and read a few articles online (nadex has a few tutorials).

can you break this down and explain it a little more. How much should i have ready to invest
 

TRFG

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can you break this down and explain it a little more. How much should i have ready to invest
:whoa: I wouldn't call this investing... it's more like gambling... use only what you're not afraid of losing
 

mannyrs13

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I've been messing with a practice account and trying to get a rhythm. Have a question tho. Are all pips valued the same or does it depend on the currency? I want to throw in like $100 or $150 dollars but don't want to use it all in one trade. How many pips should I be looking to buy? The thing gives me an option for like 1000 to a million. Would 10,000 be good enough? Is that like a few dollars or a few hundred?


Also what should I be looking out for on the charts? What I've been doing is noticing the ones with a straight increase or decrease and focusing on those. Forex has the option for 1 week which shows longer than that. So I focus on those. Example being the euro/usd. With the euro steadily going up in value over the past few months. So I figure those types have less volatility and are easier for beginners.



Would playing the long run work in forex? I think that if I can make $20 a day or $100 a week, I'll be happy. Not trying to put all my money into this and come up quick but that slow grind. Any recommendations on what works best? I'm planning to have a loss limit on trades. Most likely $10 so I won't be losing it all on one exchange.
 

mannyrs13

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This forex thing seems pretty easy or maybe it's just me. Forex had a promo for deposit $250 and get $50 free. Did that last week on Thursday. Right now I'm up to $350+. Seem to have cracked the code to this. The euro got me making profit right now.
 

March Madness

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[B]@March Madness[/B] Is trading forex still profitable for you? You still having $1K days?


nah i took a break in 2017.


people still use my SMA+EMA+MTFA systems and style of money management but me personally, i dont have the time.
i have a couple things that are more lucrative for me in 2020...can't really watch charts 24/7 anymore.


you have to be really hands on with intraday fx;
keeping up with world news, looking at asset charts,
cross referencing timeframes, waiting for certain news releases to happen, etc etc


i was like 22-24 when i was in here daytrading and doing options (vanilla options & binaries on MarketsWorld)
im 28 and dont really have the nerves for this shyt anymore.


i'm mad tinypic deleted my receipts from 2014-2016 though
seeing actual bank withdrawals and broker statements is what made this thread different


also
i have never sold ebooks, got referrals from brokers or sold "signals".
i was really just firing up my live accounts and getting buckets
2012-2017... EUR/JPY, GBP/JPY, GBP/USD, NZD/USD, AUD/USD
 
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nah i took a break in 2017.


people still use my SMA+EMA+MTFA systems and style of money management but me personally, i dont have the time.
i have a couple things that are more lucrative for me in 2020...can't really watch charts 24/7 anymore.


you have to be really hands on with intraday fx;
keeping up with world news, looking at asset charts,
cross referencing timeframes, waiting for certain news releases to happen, etc etc


i was like 22-24 when i was in here daytrading and doing options (vanilla options & binaries on MarketsWorld)
im 28 and dont really have the nerves for this shyt anymore.


i'm mad tinypic deleted my receipts from 2014-2016 though
seeing actual bank withdrawals and broker statements is what made this thread different


also
i have never sold ebooks, got referrals from brokers or sold "signals".
i was really just firing up my live accounts and getting buckets
2012-2017... EUR/JPY, GBP/JPY, GBP/USD, NZD/USD, AUD/USD

What kinda hustle you move on to?

You should come drop knowledge in this thread bruh. More active than this one
https://www.thecoli.com/threads/l-i-t-t-l-e-d-e-v-i-ls-50-to-13-000-forex-challenge.763127/

Also what was your money management style? I been tradin the 15m gettin dubs lately, but I notice that I'm kinda shyt at trailing stops (manually or usin an actual trail stop).
 
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