Forex Trading Wools

[COYBL25]

I can be part of that?
Take my money.
Where do I sign?

If you google - " Nightingale Exclusive " you can find all the details you need in there.

 

[marnie]

Thought this thread was about a shabite Australian beer.I'm off.

 

[OnlyBlueWillDo]

Money can be made in Forex, but only like the top 5%/10% do and the rest are just educated gambling, you'd have to put a hell of a lot of research and work in to be successful.

The coronavirus has just knocked the UK/USD rate from 1.31 about 2 weeks ago to 1.24 today, there is cash to be earnt there if you want to sit and wait.

 

[Zatara]

Money can be made in Forex, but only like the top 5%/10% do and the rest are just educated gambling, you'd have to put a hell of a lot of research and work in to be successful.

The coronavirus has just knocked the UK/USD rate from 1.31 about 2 weeks ago to 1.24 today, there is cash to be earnt there if you want to sit and wait.

You have to look at the margin/leverage and spread as well though...

I mean if you open up an account and throw in 10% into the market then what happens if theres a further drop ?

You have to remember that the banks, funds, brokerages, prop shops and general geeks are going to be running high freqency trading models...thats the way to make money.

Anything else is a total gamble.

 

[Blues Harp]

You have to look at the margin/leverage and spread as well though...

I mean if you open up an account and throw in 10% into the market then what happens if theres a further drop ?

You have to remember that the banks, funds, brokerages, prop shops and general geeks are going to be running high freqency trading models...thats the way to make money.

Anything else is a total gamble.

Load of shoite....gambling in other words. Loonies who work in the 'city" and have inflated egos and no experience of real work.

 

[ClausThomsen]

Money can be made in Forex, but only like the top 5%/10% do and the rest are just educated gambling, you'd have to put a hell of a lot of research and work in to be successful.

The coronavirus has just knocked the UK/USD rate from 1.31 about 2 weeks ago to 1.24 today, there is cash to be earnt there if you want to sit and wait.

All the forex trade websites punish accounts that just sit on a position. Overnight fees, leverage and trading on movement over 5 decimal points mean it's just wildly erratic spread betting.

 

[Zatara]

All the forex trade websites punish accounts that just sit on a position. Overnight fees, leverage and trading on movement over 5 decimal points mean it's just wildly erratic spread betting.

Again though, youre talking about those retail market websites.

Huge difference between bill and bob opening accounts for $1k and people doing it for a living.

 

[Zatara]

@ClausThomsen those fees you mention...

They are charges from retail brokers...as much as they can get away with to put the game even more in their favour.

Most brokerages like that dont actually send your trades anywhere...they just hold them...so they can take all your losses

The overnight fees / leverage etc applies to professionals as well but who dont use brokerages like the retail guys do

Need to be careful with particular brokerages...the best ones usually dont accept retail business