Quote:
Originally Posted by Alex69
forex offered on net today is in 90% gambling, you dont really trade, they just bet against you and in 90% of the cases people loose.
why its gamling - just google, too lazy to explain  |
On our level, it is a complete gamble. Charting, looking for trends, using the various graphs ... can be better used as toilet paper these last few years.
When I learned the brokers can intentionally move the market just enough to trigger some of their clients stop losses, I stopped setting mine. Ive been down the rabbit hole for thousands, having one currency lose value, so I would hedge my losses, by betting big on the new temporary currency trend. Ive gone to sleep after ninja style trading for 28 hours +, only to wake up 6,000 in the hole, twice.
Will I ever go back to Forex? You bet! It may be the fastest way to lose money, but it is among the quickest as well. Just need to have the time to give it the proper attention it deserves.
My own personal tip, dont trade/bet on the pending news. Its a wild ride for the first 45 minutes +. Let it settle a bit, before entering the game.