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Forex and Gold/Silver bullion Trading

Using S&P's political, economic, external, fiscal and monetary criteria, rate the U.S.'s creditworthiness:

  • AAA. Ignore the politics; when push comes to shove, the U.S. pays.
  • AA+. OK, there's a small default risk. But there's a reason the 10-year is under 2.50%.
  • A-. No way will Congress rein in entitlements. I'll take my chances with Spain.
  • BBB. Ireland, Iceland, U.S. — three peas in a pod.
  • B. Pakistan, Nigeria, U.S. — 'Greetings. I have a secret account with $14 trillion and need your assistance'
  • CC. We can always sell and lease back the Washington Monument. Or maybe just sell.
 
Namak_Halaal said:
You can easily sell Argor-Heraeus bars in the UK.
Click to expand...

It seem they also buy gold. For exemple

Gold Bar1000 gr. Argor-Heraeus 1,000.00 gr.

Sell price 37,869 € buy price 39,414 € diffrence of over 1500 euros.
 
Namak_Halaal said:
Elraja - how is your portfolio looking today?

My GBP/USD & EUR/USD short positions are not too bad, was expecting a bigger drop but I guess there's always some muppet buying USD out there as a safe haven!

Nonetheless - I am loving today's market action!
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actually not bad, down 0.5%, major reason is i own a hedge funds shares for some time, even though its tanking its a solid comp and im not looking to sell at this price especially.

i moved out of some mid caps middle of last week cos i saw if ftse goes below 5500 it will be ugly cos that was its last major support.

put money into a gold and rare earth miner i was looking at for ages but was waiting for the right price, which is up a tiny bit today, the market may be weak but rising gold costs have balanced it out and provided a nice hedge for the rest of my portfolio.

breaking through 5100 is not good either.
 
ElRaja said:
actually not bad, down 0.5%, major reason is i own a hedge funds shares for some time, even though its tanking its a solid comp and im not looking to sell at this price especially.

i moved out of some mid caps middle of last week cos i saw if ftse goes below 5500 it will be ugly cos that was its last major support.

put money into a gold and rare earth miner i was looking at for ages but was waiting for the right price, which is up a tiny bit today, the market may be weak but rising gold costs have balanced it out and provided a nice hedge for the rest of my portfolio.

breaking through 5100 is not good either.
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Where do you think the next support for the FTSE is?

On the Gold front, traders are increasing the positions on 1800 CALL option for SEP Gold.
 
its actually really hard to say now because these levels have not been tested much since the end of the last crash, but a wild guess would be 4800.

simply from a psychological point of view, ftse aint been below ~4800 since the end of the late 08 crash. not really a support level since its only been hit once, jst an observation.

im gonna stick my neck out and most likely it will get chopped off, unless some other dramatic development happensand snp manages to close near 1170, tommorow might see a flat to slightly up day.

in the short term this mini crash may be a great time to buy oil producers. dont see hw the oil price will stay low in dollar terms in the longer terms.
 
DJIA down 400 point @ 11030
S&P down 53 points @ 1144
FTSE down 92 @ points 4999
Gold up 55 @ 1719
 
Obama live on TV trying to pump this market back up.

What a fool, he just quoted Warren Buffet and his call for a quadruple A rating!

Markets hardly reactioning!

:facepalm:
 
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Markets do not buy Obama hype - DJIA breaches 11000!

DJIA down 440 @ 10992
S&P down 60 @ 1135

Whoever claims we are in a BULL equities market needs a slap with a wet fish!
 
DJIA down 600 points @ 10836!!!

Greater than Thursday's bloodbath (523)!

Will today's action beat the all time record loss of 777 in one session?
 
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A nightmare on Wall Street

One of the bloodiest days in trading history. Statistically we should see these type of falls once every 100 years, we have seen 2 within a week.

I *think* this is the second worse day drop, ever.


Dow 10,810 Down -635 @ -5.55%
Nasdaq 2,358 Down -175 @ -6.90%
S&P 500 1,120 Down -80 @ -6.65%
FTSE 100 4888 Down -200 @ - 4% (from 16:30)

Gold 1717 Up 53 @ 3%

QE3 round the corner?

Superb day for Gold, superb day for Doomslayers!

:)
 
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Kis kis ki laggi ? lol

I am thinking about buying U.S steel it down in the 20's now. What do you guys think would be a good buy right now?.Should i wait for the stocks to go lower or is this the time to buy?
 
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from_da_lost_dim3nsion said:
Kis kis ki laggi ? lol

I am thinking about buying U.S steel it down in the 20's now. What do you guys think would be a good buy right now?.Should i wait for the stocks to go lower or is this the time to buy?
Click to expand...

i dont know anything abt us steel, but on a macro scale, all likelihood the way the snp n djia tanked there may be a better buying chance in the coming days.

your patience may pay off, and imo there wont be a swift rebound, more a consolidation around a new level and maybe a rebound after. so you would get some time to make the decision.

may get a quicker rebound if ben benanke announces qe3 sometime this week.

@nh i hate it when exchanges do that, the interpretation of such a decision is often more destructive than the short selling itself.

personally i dont see fundamentally whats so different today then say three or four weeks ago. good companies will still do well, and big financials with unfunded positions will struggle, this is not a new development.
 
ElRaja said:
i dont know anything abt us steel, but on a macro scale, all likelihood the way the snp n djia tanked there may be a better buying chance in the coming days.

your patience may pay off, and imo there wont be a swift rebound, more a consolidation around a new level and maybe a rebound after. so you would get some time to make the decision.

may get a quicker rebound if ben benanke announces qe3 sometime this week.

@nh i hate it when exchanges do that, the interpretation of such a decision is often more destructive than the short selling itself.

personally i dont see fundamentally whats so different today then say three or four weeks ago. good companies will still do well, and big financials with unfunded positions will struggle, this is not a new development.
Click to expand...

thanks for the advice, china fell 1500 points. So if QE3 goes through what are the chances for the stocks to go back up ?.Also what stocks look like a good buy ?.
 
Good morning brothers and sisters!

Markets on the way up

DJIA up 258 @ 11080!
FTSE up 7 @ 5100!
GOLD is up 30 @ 1750! (touched 1772 overnight)

Seems like QE3 is in the pipline!

@Elraja, you were spot on about 4800 being the support for FTSE. Nice one! Yeah, interpretation can be destructive, but the thing is that markets can deal with good news, bad news, but hate uncertainty.

To be honest, it seems like there's still uncertainty in the markets which is why we are seeing some violent moves.

All eyes will be on Helicopter Ben and the FED today!
 
Back down again!

DJIA down 150 points @ 10661
SPX 500 down 13 @ 1106
FTSE down 300 points @ 4790
Gold up 35 @ 1754

Killer swings!
 
NH - You better have the gold hidden away well... looters and theives on the rampage in London :)
 
Eagle_Eye said:
NH - You better have the gold hidden away well... looters and theives on the rampage in London :)
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Hehe!

I'm glued to IG at the moment!

Gold now up 50 @ 1769

Silver on the other hand is down 73.5 @ 3893
 
NH what website u use to track the US stock market?? i don't like Google Finance's layout so need a new recommendation...

and u trade on US markets also, and London markets (since u live in London)???

btw Bank of America fell 20% today coz of lawsuit by AIG :)) .......very bad sign and times ahead

tech bubble busted a bit today.....im gonna invest in AMD and Intel after the market tanks
 
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LethalSami said:
NH what website u use to track the US stock market?? i don't like Google Finance's layout so need a new recommendation...

and u trade on US markets also, and London markets (since u live in London)???

btw Bank of America fell 20% today coz of lawsuit by AIG :)) .......very bad sign and times ahead

tech bubble busted a bit today.....im gonna invest in AMD and Intel after the market tanks
Click to expand...

I use IGindex (you need an account)

But if you do not have an account then you can use:

http://www.indexq.org/

There's going to plenty of volatility in the markets.

I expect today will be another down day, but markets bay pickup after FED meeting today.

So wait till around 13:30 before you buy any shares, IMO.
 
markets comin back up to around 5000, looks like 4800 was touched but wasnt breached so it may not be too bad.

still i agree with nh that this may be in anticipation of what the fed may do. any sort of negativity or weakness from the fed may send shares back south again.

all i hope is obama dont do another speech, every time he comes on the markets tank.
 
ElRaja said:
markets comin back up to around 5000, looks like 4800 was touched but wasnt breached so it may not be too bad.
Click to expand...

FTSE hit 4716 on futures overnight, but shot back up, but I agree with you, 4800 looks like the new support, for the time being. :)

ElRaja said:
all i hope is obama dont do another speech, every time he comes on the markets tank.
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:))) Yeah, Obama thought his words could make a difference – change is coming! - but he didn’t realise that Helicopter Ben and Treasury speeches during 08/09 were ineffective and simply made matters worse.

I wonder whether Helicopter Ben is rewriting the language to his speech today?
 
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Namak_Halaal said:
FTSE hit 4716 on futures overnight, but shot back up, but I agree with you, 4800 looks like the new support, for the time being. :)



:))) Yeah, Obama thought his words could make a difference – change is coming! - but he didn’t realise that Helicopter Ben and Treasury speeches during 08/09 were ineffective and simply made matters worse.

I wonder whether Helicopter Ben is rewriting the language to his speech today?
Click to expand...

mein tau tab so raha tha, lols. i just saw the intraday charts on google finance :)

i can just imagine obama, "can we **** things up even more, YES WE CAN" :asif
 
Gold dropped a massive 60 points from 1780 peak this morning. (1728 at the mo)

During this, Gold/oz was the same as Platinum/oz - and Platinum is more rare than Gold.
 
Holy smokes at Gold. Out of control growth, you must be laughing N_H!
 
Ben says interest rates near zero till 2013. No QE3 yet.
 
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markets all over the place, but in the end low interest rates is just status quo, devaluation of the dollar without quantitative easing.
 
MW-AM005_dow_20_MD_20110809160721.jpg


I made a stupid Stupid STUPID move today. I had a call option on FTSE @ 5250 from yesterday when FTSE was around 4900. It was cheap as chips, but when Ben spoken the markets briefly tanked, and I closed out with 40% profit. Had I left it open, I'd be on 700% profit right now. Arrrrrggghh! I side stepped from my discipline!

Kicking myself!

Money flowing out of US Bonds into stock markets is what cause the DJIA to swing 660 points to end up 400+ up.

Really kicking myself!

Tomorrow is going to be an up day it seems. Meanwhile Gold ended up 18 points today despite being up 60 points at one stage. I fully expect Gold to correct by 100 points at least in the coming weeks.

Still kicking myself!

:facepalm: :facepalm: :facepalm:
 
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Eagle_Eye said:
NH - Never kick yourself after banking a profit!
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Yaar it wasn't so much about the profit as it was about the discipline. The timing of the trade was a once in a year timeframe trade. Monday evening and FTSE down more than 5%, Call Option for higher strike price ending this week was incredibility low. My trade was covered so even if the FTSE didn't strike 5250 I'd be fine. The fact I used my emotion over my brain when closing the position is what is infuriating me. Never close an open position once you commit.

Disappointed with myself.
 
Namak_Halaal said:
MW-AM005_dow_20_MD_20110809160721.jpg


I made a stupid Stupid STUPID move today. I had a call option on FTSE @ 5250 from yesterday when FTSE was around 4900. It was cheap as chips, but when Ben spoken the markets briefly tanked, and I closed out with 40% profit. Had I left it open, I'd be on 700% profit right now. Arrrrrggghh! I side stepped from my discipline!

Kicking myself!

Money flowing out of US Bonds into stock markets is what cause the DJIA to swing 660 points to end up 400+ up.

Really kicking myself!

Tomorrow is going to be an up day it seems. Meanwhile Gold ended up 18 points today despite being up 60 points at one stage. I fully expect Gold to correct by 100 points at least in the coming weeks.

Still kicking myself!

:facepalm: :facepalm: :facepalm:
Click to expand...

Was it just complete fear or any rationale behind the pulling the trigger? I mean you could've been thinking 'oh its tanking.. the market doesn't trust ben, close."
 
Namak_Halaal said:
Yaar it wasn't so much about the profit as it was about the discipline. The timing of the trade was a once in a year timeframe trade. Monday evening and FTSE down more than 5%, Call Option for higher strike price ending this week was incredibility low. My trade was covered so even if the FTSE didn't strike 5250 I'd be fine. The fact I used my emotion over my brain when closing the position is what is infuriating me. Never close an open position once you commit.

Disappointed with myself.
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as long as you learn from your mistake its worth it.

i think i read in the book reminisces of a stock operator - "experience is a great teacher, unfortunately we dont decide how much the lesson costs"
 
ElRaja said:
as long as you learn from your mistake its worth it.

i think i read in the book reminisces of a stock operator - "experience is a great teacher, unfortunately we dont decide how much the lesson costs"
Click to expand...

Brilliant quote!
 
Margins on Gold Comex have increased. Expect a plunge.

Same happened to Silver and it dropped $15 in a week!
 
Namak_Halaal said:
Margins on Gold Comex have increased. Expect a plunge.

Same happened to Silver and it dropped $15 in a week!
Click to expand...

but as a result it shook out the more speculative holders and meant that a higher support level was formed around $34 mark.

expect that to happen with gold to now.
 
NH - If ever there was a conference that you should have been at!!

Gold Rush 21, the Gold Anti-Trust Action Committee’s conference in Dawson City, Yukon Territory, Canada, in August 2005, brought the world’s attention to the Western central bank gold price suppression scheme. The gold price, then around $400 per ounce, immediately took off. Six years later gold has reached $1,500 but Western central banks and their agents, the bullion banks, still obstruct free markets in gold and the other monetary metal, silver.

To celebrate what Gold Rush 21 accomplished and to consider where the precious metals might go in free markets and a reformed world financial system, GATA will hold its Gold Rush 2011 conference in London, home of two major perpetrators of the gold price suppression scheme, the Bank of England and the London Bullion Market Association.

Gold Rush 2011 will be held at the Savoy Hotel in London from Thursday, August 4, through Saturday, August 6.
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EE - I think I have a GATA T-shirt somewhere! :)

Meanwhile:

Four EU nations ban short-selling on banking stocks
France, Italy, Spain and Belgium have banned short-selling of the shares of banks and other financial companies.

It follows sharp gains and losses in bank stocks in recent days, especially in France, on the level of their exposure to eurozone government debt.

Societe Generale has been the worst affected by the volatility, being forced on Wednesday to deny that its financial stability was at risk.

Short-selling is when traders profit from bets on the fall in a share price.

It has been blamed for increasing recent market instability.

Short-sellers usually borrow shares or bonds, sell them, then buy them back when the stock falls - pocketing the difference.

"Naked" short-selling is when a trader sells financial instruments he has not yet borrowed.

All forms of short-selling are included in the ban.
'Irrational fears'

The announcement was made both by the European Union's markets supervisor, ESMA, and the four national markets authorities.

France's agency, the AMF, said it was banning short-selling on 11 banking and insurance stocks for 15 days, including France's three largest banks, Societe Generale, BNP Paribas and Credit Agricole.

In Thursday trading on Societe Generale's share price started up 8%, before falling by the same amount, and then recovering to finish 3% higher.

Societe Generale chief executive Frederic Oudea said the speculation about his bank was "absolutely rubbish".

Mr Oudea also spoke to France Info radio. "People are scared," he said, "so the tiniest information touches off irrational fears. To our clients, we have to tell them that these rumours are baseless and that they can have confidence in Societe Generale."

Spain's market regulator, the CNMV, also said its ban would be in place for 15 days. It added that it could also extend the period if required.

"The situation of extreme volatility in European stock markets, especially for shares of financial entities, is clearly affecting the stability of the markets and can disrupt their ordered functioning," it said in a statement.

Spanish banks included in the ban are Santander, BBVA, Sabadell, Bankinter, Banco Popular, and Banca Civica.

Greece banned short-selling on Monday.

Investors are concerned about European banks, because of their large exposure to the government debt of highly indebted eurozone countries such as Greece.

The fear is that the banks will have to write-down the value of their holdings in the government bonds of these nations.

French banks are the most exposed, hence they have been the worst affected by the market turmoil of recent days.

French President Nicolas Sarkozy and German Chancellor Angela Merkel are meeting on Tuesday to discuss solutions to Europe's financial difficulties.
Click to expand...

http://www.bbc.co.uk/news/business-14500731


So much for a free-market!
 
Namak_Halaal said:
'Steve Forbes' Gold Prediction' : Dollar will be linked to Gold within the next 5 years

http://video.foxbusiness.com/v/1111...business/allnews+(Internal+-+All+News+-+Text%
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i see one major problem with this, a gold standard would put huge constraints on running a defecit budget, without which i cannot see how anyone would get elected to office in the us.

however on the flip side if this did happen the major political reason for it to be enforced would be defalting the value of the american debt, as nixon went off gold to pretty much default on american debt and deflate its value away, similary an ounce of gold at $25,000 or $30,000 dollars could do the same today (in an instant reduce the american debt 10 to 15 times in gold terms).

still woudnt solve the problem of finding money to run a defecit budget and would put too much constriction on politicians stealing money, which is why i dont think it will happen, not at least anytime soon.

i think we can rest assured that in the capable hands of obama and bernanke that dollar debasement is the modus operandi for this presidential term at least.
 
Gents, do governments prefer high or low gold prices? And can they do much to manipulate it to their benefit?
 
Gabbar Singh said:
Gents, do governments prefer high or low gold prices? And can they do much to manipulate it to their benefit?
Click to expand...

they like it low so there paper money has greater purchasing power in gold terms, and yes they can do stuff like forcing all the people to hand in their gold at $20 an ounce, make gold possesion illegal,, then make it legal to own gold and use it to finance government at a pegged value of $35 an ounce, etc, etc.

http://en.wikipedia.org/wiki/Executive_Order_6102

loads of fun and games when governments get creative. :)
 
I'm not sure if this is the right thread to ask but-

Does anyone know where we can short the USD/PKR? Any online platform that allows that?
 
NH how are you getting on in these uncertainish markets?

Any thoughts / predictions?
 
DeadlyVenom said:
NH how are you getting on in these uncertainish markets?

Any thoughts / predictions?
Click to expand...

Hey brother, sorry for late response.

Gold and Silver will tank for a while, then rise into orbit. Long term game.

Myself, I've lost value on physical but have gained shorting Gold and Silver, I use spread betting profits to buy physical.

Keep an eye out on GBP/USD. GBP will rise next year and hit 1.75 against the $ by end of 2012. (This will push the value of physical Gold and Silver lower in GBP).

My current strategy is, 25% Gold Bullion, 25% Silver Bullion, and 50% Cash.

Oh yeah, Gold hitting 2500 and Silver 55 by end of 2012. :)
 
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Would you recommend forex trading as money? Got added to some group chat and it's a team of traders, the guy has been really selling it well to me, I'm really tempted to give it a try.
 
4/5 months and I'm still contemplating whether it's worth it. Any help would be appreciated.
 
Anyone here still bullish when it comes to gold and silver? The rise that people predicted hasn’t really happened over the past 5 years.

Predictions for the next 5.

bUA6Mpl3.jpg
LfHEfiOt.jpg
 
Forex Trading

Salaam / Hello all,

I am looking into learning Forex Trading to make some money on the side and learning something new.

I wanted to know whether there are any Forex traders on PP and whether anyone can guide me on the learning process. There is a lot of information out there but I am after reliable information.

Thanks :)
 
I trade on Forex every day via IG Index (I am on it now!). Mainly GBP/USD, and USD/JPY, have been for past 15 years. There's a a lot to explain, but I use forex to hedge my assets elsewhere. For example, I know my USD denominated assets will rise if the GBP falls, so I go Long GBP/USD. This is just one example. Also given the FX market is the one true 24/7 market, there are many strategies you can use. Ranging from scalping (profiting a few pips then closing your position), to long term (Futures/Options contracts).


Here's my advice :

  • Trade with money you can afford to lose.
  • Have a budget per month. (My budget is £500/month)
  • Avoid leverage and trade using fixed risk. (It's better to know how much you stand to lose compared with how much you could possibly lose).
  • Start following the news. Politics and Economics affect FX more than anything else.
  • Don't think you will become rich, treat the trading as a supplement income, not your primary income.
  • Find a strategy that suits you, and only trade in FX pairs you understand. (I use DFBs and buy PUT/LONG options).
  • Read the Forex For Dummies book.

There's so much more to go through, but remember what works for me, may not work for you. Best to start with a demo account so you get a feel. IG Index is the platform - assuming you live in the UK.
 
Start with a demo account most of the forex trading sites have this feature for new users and it will help you understand how it works with a demo account loaded with a virtual amount to do virtual trading before entering the real market.
 
Technics 1210 said:
I trade on Forex every day via IG Index (I am on it now!). Mainly GBP/USD, and USD/JPY, have been for past 15 years. There's a a lot to explain, but I use forex to hedge my assets elsewhere. For example, I know my USD denominated assets will rise if the GBP falls, so I go Long GBP/USD. This is just one example. Also given the FX market is the one true 24/7 market, there are many strategies you can use. Ranging from scalping (profiting a few pips then closing your position), to long term (Futures/Options contracts).


Here's my advice :

  • Trade with money you can afford to lose.
  • Have a budget per month. (My budget is £500/month)
  • Avoid leverage and trade using fixed risk. (It's better to know how much you stand to lose compared with how much you could possibly lose).
  • Start following the news. Politics and Economics affect FX more than anything else.
  • Don't think you will become rich, treat the trading as a supplement income, not your primary income.
  • Find a strategy that suits you, and only trade in FX pairs you understand. (I use DFBs and buy PUT/LONG options).
  • Read the Forex For Dummies book.

There's so much more to go through, but remember what works for me, may not work for you. Best to start with a demo account so you get a feel. IG Index is the platform - assuming you live in the UK.
Click to expand...

Thank you for your help, some of the jargon used by you is not understood by me :) Yet again, this really shows of how much learning I have yet to do!

I have just been on the IG Index and they have free training resources. I will sign up to learn :)

I need to learn how the markets operate, how to analyse the graphs, learn about external factors and their influences.

I will definately order the trading for dummies book today :) I just want to make sure that my learning is effective and that I dont use the wrong sources to learn.
 
Technics 1210 said:
I trade on Forex every day via IG Index (I am on it now!). Mainly GBP/USD, and USD/JPY, have been for past 15 years. There's a a lot to explain, but I use forex to hedge my assets elsewhere. For example, I know my USD denominated assets will rise if the GBP falls, so I go Long GBP/USD. This is just one example. Also given the FX market is the one true 24/7 market, there are many strategies you can use. Ranging from scalping (profiting a few pips then closing your position), to long term (Futures/Options contracts).


Here's my advice :

  • Trade with money you can afford to lose.
  • Have a budget per month. (My budget is £500/month)
  • Avoid leverage and trade using fixed risk. (It's better to know how much you stand to lose compared with how much you could possibly lose).
  • Start following the news. Politics and Economics affect FX more than anything else.
  • Don't think you will become rich, treat the trading as a supplement income, not your primary income.
  • Find a strategy that suits you, and only trade in FX pairs you understand. (I use DFBs and buy PUT/LONG options).
  • Read the Forex For Dummies book.

There's so much more to go through, but remember what works for me, may not work for you. Best to start with a demo account so you get a feel. IG Index is the platform - assuming you live in the UK.
Click to expand...

Can you make money at the micro level or do you have to have a large amount of startup capital like the trading houses?
 
Bewal Express said:
Can you make money at the micro level or do you have to have a large amount of startup capital like the trading houses?
Click to expand...

Not at all.

You can deposit £500 and open trades using fixed risk (Options oo trades with guaranteed stops). This means you will never lose more than specified. This allows you to trade within budget.

You can also deposit £500 and open a trade using leverage, like 5:1, so £500 means you can open a trade worth £3000. The risk here is if the trade goes into negative, you end up owing the difference, so in this case anything more than £2500 - this is called a margin call. COnversly if the trade ends up in profit, you make loads of money.

My advice, always trade using fixed risk because the 2008 crash was mainly due to margin calls. Bankers had opened positions on 100 to 1 leverage, and when you consider they bet in £10Ms, it all adds up!
 
WebGuru said:
Start with a demo account most of the forex trading sites have this feature for new users and it will help you understand how it works with a demo account loaded with a virtual amount to do virtual trading before entering the real market.
Click to expand...

Somehow when you trade with demo account you seems to do verywell and as soon as you trade real money you seems to seems to loose more than you win.
 
Avoid people (especially those on Instagram, pretending to be filthy rich) who promise you ‘signals’ or say they can teach you how to trade. These people will sign you up to a particular platform and then get commission/a referral fee from that particular place.

It takes people years and a lot of practice to become successful at trading (I’m not one however I’m just speaking from what others have told me) so if someone is offering you a get rich quick scheme run a mile.
 
tahir_dj said:
Somehow when you trade with demo account you seems to do verywell and as soon as you trade real money you seems to seems to loose more than you win.
Click to expand...

The reason is the money in the demo account is fake and as a result you will take more risks. Then when you trade with your money, real money, you will not make the same moves.
 
tahir_dj said:
Somehow when you trade with demo account you seems to do verywell and as soon as you trade real money you seems to seems to loose more than you win.
Click to expand...

Technics summed it up perfectly in this post:

Technics 1210 said:
The reason is the money in the demo account is fake and as a result you will take more risks. Then when you trade with your money, real money, you will not make the same moves.
Click to expand...
 
Anyone into forex trading?

I recently became interested in forex trading and I bought 3 Udemy courses. I am liking it so far.

Any forex trader here? If yes, are you making good money?
 
I haven't started trading yet. I am studying it currently.

I want to do it on the side to earn extra money. Any advice is appreciated.
 
Dibbled and dabbeled.

There is lots of money to be made from it, but only by selling courses on how to do it.
 
Too volatile. All the graphs matter zilch and everyone always explains after the fact.
But maybe I’m not that smart enough
 
I have started trading with a practice account. I am using Oanda as my platform. Let's see how it goes.

I am currently focusing on USD/CAD pair.
 
sweep_shot said:
Did you make any money?

I have just started. I am currently practicing with demo account but I am planning to trade with real money soon.
Click to expand...

no, not at the time, but i got a job in investments and its been decent.

i dont intraday trade stuff because i have too much to do to watch the markets 24/7, although i did used to day trade as part of my job too.
 
ElRaja said:
no, not at the time, but i got a job in investments and its been decent.

i dont intraday trade stuff because i have too much to do to watch the markets 24/7, although i did used to day trade as part of my job too.
Click to expand...

May I ask your role if you dont mind. I also work in an Investment company.
 
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