Currency Trading

Trade Crypto, its the future of money and the profit margins are 1,000,000,000% bigger.

>>1878482
I've actually been into crypto. Downloaded Coinbase on my phone and have been setting aside some cash to invest in Ethereum. Pretty pissed I missed the boat on Bitcoin but I'm hoping to make it up.

Still, I'm looking for a place to apply my macro knowledge and this seems like the place. I used to be really into commodities, but those are back to being boring as shit.

>>1878498
>looking for a place to apply my macro knowledge
Crypto isn't the place for that. You could have two PhDs and still lose everything. 95% of coins are pump and dump shitcoins and those that aren't are completely unpredictable.

Stick to forex

File: LTCM.jpg (7KB, 408x100px) Image search: [Google]

7KB, 408x100px

>>1879063
>You could have two PhDs and still lose everything.

To be fair, you can do the same in the regular markets

>>1878473
Yes I trade commodities professionally. It is very lucrative(I know several people that make over 30k on average a day doing it). Anyone who tells you programs do all the trading know nothing about the industry.

File: Forex AMF.jpg (72KB, 420x789px) Image search: [Google]

72KB, 420x789px

>>1878473
> Trading Forex
> Ever

>>1879141
Beauty of the markets is they don't care about your background.

>>1878473
Most spot currency traders working on the currency desks today have PHDs in mathematics, compsci, or engineering.

Everything else (swaps, futures, derivatives) are done by analysts with finance degrees and such.

If you have just taken your first macro course, you still have plenary of time. Most finance kids don't learn much about currencies so it's a great way to differentiate yourself.

I've been trading FX to complement my day job. Making around a 1k a month right now. AMA.

>>1880568

how much do you trade with

>>1880584

$5k

>>1880568
how often do you watch what you invest in?

>>1880911

I day trade, so I check on my trades throughout the day

>>1878473
If you don't want to do it for fun then you shouldn't do it at all.

It's really a very easy hobby if you shoot for less than 50% annually, even for an amateur.

But this is coming from someone that doesn't get greedy which may or may not be an advantage.

>>1880568
Do you have a set system you follow? Or just go with the gut?

>>1882286
yes

>>1882371
Yes what?

>>1882020
What program do you use? Since your checking throughout the day it must be something on your phone.

>>1882286

I have a system. I use ninja trader for analysis. Since FX is decentralized, you can't really get accurate order flow or volume. FX futures help with that since there is only one exchange for them in the US. I actually execute my trades on MT4 since it's free.

>>1882402

Ninja trader for analysis, MT4 for execution, and a remote desktop app on my phone to check in every few hours

>>1882486
Sounds very interesting.
How do i get started with this?

-regards: noob

>>1882934
You could probably ask google

If Le Pen wins the French election the Euro is definitely going to plummet, but do you think it will recover at all? Le Pen as a Eurosceptic could push for leaving the EU, and I assume the Eurozone

>>1882934

Babypips.com tutorial
Trading and Exchanges by Harris is also a good read

>>1883011

Sorry anon, I don't pay attention to fundamentals

>>1879166
What is life like as a commodity trader? Do you trade all commodities or do you specialize in either hard or soft commodities or the individual commodities themselves? Is it still worth learning in spite of the end of the commodities boom of the mid to late 2000s?

What kinds of stuff do commodity traders do? Is it mostly just analyzing the markets and adjusting your positions accordingly?