Almost everyone uses leverage, many just don't know it. Currency leverage is high, but as someone else said, it needs to be because the moves are far smaller in percentage terms than stocks.
Forex trading - what are the negatives?
- Thread starter bugmenot
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Almost everyone uses leverage, many just don't know it. Currency leverage is high, but as someone else said, it needs to be because the moves are far smaller in percentage terms than stocks.
If you are talking about movements from high to low as a percentage then yes but intraday no.
FX trades 24 hours with full liquidity stocks trade 6 hours.
Most FX players trade the top 6 currency pairs.
I would be interested to see the top 6 stocks as a percentage movement.
Who has that mapping ???
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Its an emotional rollacoaster! I suffer from trading tourrettes frequently.
For a minute I thought someone had recorded my webcam!
For a minute I thought someone had recorded my webcam!
Its an emotional rollacoaster! I suffer from trading tourrettes frequently.
For a minute I thought someone had recorded my webcam!
A bit like marriage but we all seem to be lured into the "honey Pot"
I said as a percentage, and it's not a rule. Example, the aud has rallied 50%, similar to the stock market.
I can't help but laugh at both wins and losses. Experienced enough of both not to care anymore
.
>Apocalypto<
20.03.2012
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Great point TH, this is exactly why I find myself only trading the GBP/JPY
Well then, perhaps you care to tell us what instrument you are comparing Forex, to.
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TH left here, dont be expecting a response from him.
Really??
I'm saddened, in a low margined, highly leveraged, non linear, forex trading way....
That is a pearler of a post, if you don't mind me saying so (I'm sure you do)
Of course coming from an expert on pearler's
Doesn't make sense to me. I risk $100, it doesn't matter whether it is on the eur/usd, or on the gbp/jpy with it's larger range. It's all adjusted. TH went on a crusade, but I don't see the point he was making. A market is a market. He mentioned risk wasn't linear, but it's trading range and how size is adjusted to suit the trading range that matters. Feel free to prove me wrong with numbers.
>Apocalypto<
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today tonight I made 58500 JPY in 6 trades. If I had sat on the eur/usd I would have made about half of that in USD. ( sixth I closed to bloody early!)
when you trade a 1min chart with low TP targets the higher the range the better.
On top of that the GBP/JPY has deeper drives. were a euro trade may reverse with not getting to my tp area the G/J will tail into it allowing me to get out.
makes a massive difference to my return. I know this cuz I started on the eur/usd then went to cable with USD/JPY, then to G/J with U/J now only focus on the G/J
There not the same market at all, they're very different. I take it you have not spent a lot of time on the JPY pairs... or down at 1min with them....
cheers
>Apocalypto<
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That is a pearler of a post, if you don't mind me saying so (I'm sure you do)
Of course coming from an expert on pearler's
I agree with TH on this,
after spending months on the u/j and the cable, they just don't deliver in a consistent basis like the G/J does. It's personal preference guys, I am not sitting on a time frame above 1min so volatility matters to me. With out it I am dead in the water, also 4 hours a day is all I am interested in spending glued to a screen.
I run into the same arguments in Forex Factory all the time. we all trade different ways in different times. there's no right way only your way.
good piping!
>Apocalypto<
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what happened???
>Apocalypto<
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This seems to be the big one to me. There are pro traders who have alert systems on their mobiles, pagers, etc, to be kept informed of movements on their positions at any time. My response is: Hell, no! Too much effort. Too little sleep. Too much intrusion into life. Like working in Saudi Arabia, it's something I would have considered doing for a limited time in my 20's.
>Apocalypto<
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That's why i limit my trading to a section of the day. I trade a 4 hour block.... trying to trade 24/7 leads to other problems.
No, I usually trade the 4hr or slower these days, and don't have much experience scalping forex. You said that you would have made half trading the E/U, but is that trading the same size?
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