Full disclaimer: I know NOTHING about trading. But! My dad is currently into learning about Forex and I would love to get him something useful/meaningful for Christmas related to forex trading. I was really excited to get him the "Stock Traders Almanac 2023" but recently learned he doesn't day trade (forex only). Any ideas? He's a big fan of video learning so textbooks are a no go. Edit: budget ~$100 CAD
Let me start by saying I’m not asking for your strategies and I understand this takes time. My goal though is to eventually leave my full time job and trade professionally while I travel between countries. I’m armed with a MacBook Pro, Naked Forex, Trading In The Zone and various other trading books. What advice would you give to someone who wants to seriously trade and what is the time frame I should expect? Thank you.
Cùng tìm hiểu Binomo là gì? Tổng quan cách chơi Binomo cho trader mới
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I was wondering if there are more people interested in the topic in itself and might have some questions. I have been trading since 2017, and have been successful with it since end of 2019.
Changing platforms for better Forex data? (QC, Tradingview, MetaTrader)
I've been playing around with QC recently and it seems like either I don't know what I'm doing or the data is hard to validate. I'm simply running algo over a short 2 year period and cross checking orders my algo is generating against charts on tradingview and the candle times are just different (diff close time, diff dates etc). It's so hard to get consistent data to validate whether the orders generated are matching the criteria I intended it to use. Is there a way to draw charts in QC similar to tradingview's chart style? I've looked into it and the charting seems quite basic. Alternatively is it worth learning Pinescript and operating off Tradingview, or MQL4/5 in Metatrader and operating directly off those platforms with the data that the brokers provide? It'll mean I need to learn how to code in those languages but at least I know the data will be good which gives me confidence to use a small amount of money as opposed to using QC now I have zero confidence in the data being accurate.
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Looking for a forex trader buddy to learn during the christmas break.
During the break I will start to learn trading. I am looking for a trader buddy who wants to learn. I have zero experience. I don't plan to go on the live market. Just learning the basic, and testing until next spring. I am reaching out for people who lives in Robart :) Pls message me.
I just want to know, to set some realistic expectations , how much you can aim for.. monthly, yearly . How much capital is needed. Who's richest in your circle trading forex( don't need personal info) just numbers, either you or your friend.. I know it shouldn't matter.. but it's just out of curiosity. Like i sometimes think i will be able to get funded with FTMO and build my account up to 600k and i will get monthly payouts consistently.. even if i do like 5% monthly.. I'll be getting around 25k which is huge for me.. is it possible? Or am I daydreaming? And i even think i will one day have 4-5 million dollars in my personal account ( maybe I generate all that money from business) and daytrade with all that capital. Do any of you guys do that?. Give me some numbers
Forex traders, what is the best way to understand and calculate leverage?
I've been around the forex industry for some time and this is one of the few things, no matter the way it was explained I couldn't understand it. I'm curious to hear other points of view.
Binomo là gì? Tổng quan cách chơi Binomo cho trader mới
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New trader here, does dca exist in the forex market?
Sorry if it sound like a stupid question, but every exchange i used doesnt give you the option while day trading to buy more to have a better entry. Does that mean you cant use this 'strategy' in the forex market?
Beginner investor/trader here, genuinely new and looking for advice from those more knowledgeable than me to help me become a young millionaire (yes I'm aware I know nothing, hence why I'm here)
Hey, I'm 21 years old, just got out of university and looking to start making money fast. I fortunately have a decent amount of money to trade with already (£30000+), but I'm completely new to investing and I'm aware I'll need to spend some time learning until I feel confident enough in my ability and knowledge to start using my own money. I guess I'm asking for advice from others more experienced and knowledgeable than me on what I should do in my position, my current idea would be to continue working a regular job and invest most of my money into medium to low risk stocks and eventually reach a million. Is there a better way to go about this? How far could my starting balance get me? What time frame could I expect to reach £1m in with me working 12+ hour days to improve my knowledge? Are there any ways to speed up the gains from compound interest/any other methods of trading I should consider, or should I just work a regular job and just put most of the money I earn into these stocks? Any recommendations on where to start learning how to trade/invest? Any advice from experienced traders would be greatly appreciated, thank you :) p.s apologies for the painfully newbie questions, just trying to learn
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