Forex currencies, commodities, futures, (binary)options, CFDs,

Some places to learn some basics:
http://www.babypips.com/school
https://www.dailyfx.com/forex-education
https://www.fxstreet.com/education
https://www.reddit.com/r/Forex/wiki/index
https://www.reddit.com/r/Forex/comments/328cjr/beginners_information_resources_faq/
https://www.reddit.com/r/Forex/comments/2tbaqp/i_made_a_list_of_resources_for_beginners_and/
Some good calendars to be aware of upcoming news and major events are:
http://www.tradingeconomics.com/calendar
https://www.forexfactory.com/calendar.php
http://www.econoday.com/economic-calendar.aspx
https://www.dailyfx.com/calendar
https://www.investing.com/economic-calendar/
https://www.dukascopy.com/swiss/english/marketwatch/calendars/eccalendar/
https://www.tradingview.com/calendar/

im going to bed now, thanks for the input

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>>2460353
Can you even get involved in this shit if you aren't American or rich ? Most brokers don't even let you participate in trading if you don't have enough money.

I can only afford like 200 euros

>>2461873
There are many forex and futures brokers that will allow you to open an account with as little as $300 and then give you ridiculously high leverage

This isn't crypto...

Technical analysis doesn't work.

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>>2462059
Are you going to discuss more about why you think it doesn't work?

>>2461968
Tbqh I'm afraid of forex, I've heard people say its harder than both stocks, commodities and crypto.

For now I will just focus on crypto, but I would really like to get into stocks and commodities

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>>2462998
We lets see if we can learn some more about it. but I only started this thread because some others in another thread said they where interested in a forex and futures thread. but nobody is in this thread it's dead here.

>>2463380
I saved it for later. Don't have much to say other than thanks.

This site has helped me a lot with crypto: www.forexabode.com. It is very basic stuff that you could probably find anywhere else, but I like the 1.0 feel.

>>2463380
Even /pol/ would be a better place for forex / commodity threads, people here only care about cryptos.

>>2461873
>>2461968
You can open an account on sites like Oanda and FXCM for much less than the $300 you've suggested.

Remember, though, that the more you invest, the more you stand to gain in profits. But the same can be said about losses.
Both the traders I mentioned above and loads others offer free demo accounts so you can practice trading. Learn while practicing on a demo account and you'll be ready to trade live in a few months.

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Here's my trading strategy's performance over the past month trading one contract, not including commissions. PnL with commissions would be around $4,000, which is a pretty average month. I have spent about a year developing this on and off. Its designed for /ES, e-mini SP500, however it works on treasury notes and surprisingly also silver. Anything that likes to trade in ranges. I do not have the $5,000 initial margin you need to trade a contract of /ES, but hopefully that will change when my parents sell their house - they promised to give me at least $10,000 to trade with. I have traded simulated accounts in the past, including in the 2017 CME futures challenge and it works like a charm.

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>>2463974
Yes but for futures brokers I dont think there are any with less than $300 day margin.
And in the US the government agency that regulates futures has kicked FXCM out of the US. There are only two remaining Gain and Oanda.

>>2464021
There are futures brokers that did offer $300/$400 day trading margin, but there is nothing anybody can do about overnight margin.

>>2462059
See >>2464021

Yes and no. A lot of technical analysis, like all those fancy indicators you see for sale or offered for free on platforms like NT or ToS etc are usually based on averages of the price. They are almost always lagging indicators - indicators that show what the market has done, and they are not necessarily predictive. Trading price action is key to successful technical analysis, which is what I base my strategy on

>>2464090
Could you show me a place? I have never run across anything like that because I'm pretty sure initial base margin is set by the future product's exchange, so for /ES its the Chicago Mercantile Exchange - CME. Not sure what it is right now, but I think its around $4,500 - $5,000 per contract.

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>>2464021
>>2464147

>>2464156
Oh wow, I guess the issue has been I have been using TDAmeritrade as my broker. They do not have an intraday margin, only an initial margin, which is like $4,500 right now.

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>>2464225
Yeah places like TDA and IB and so on are only like that.

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>>2464225

Are there some demo accounts out there for crypto? Or do I have to burn my 50 bucks to get a little practice with altcoins

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Matt is pretty active around on different trading forums and as far as I can tell from what I read from his pots he's a really great broker.

>>2460353
Why is it either FX or crypto? A lot of FX platforms are showing up that are based on crypto.

>>2464335
>>2464302
>>2464156
I love you man, thanks for showing me these!

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>>2466008
Probably two of the highest rated futures brokers are probably >>2464391 and pic related.

>>2466099
https://www.youtube.com/user/FuturesTrader71/
https://www.youtube.com/playlist?list=PL3h-pf1ScFPLzRsHQkhA5PLIDpNPxbr0_

https://www.youtube.com/user/OptimusTradingGroup/

>>2466131
https://www.youtube.com/watch?v=Q-u132SWVuQ
https://www.youtube.com/watch?v=woT6d7xUtOs

https://www.youtube.com/watch?v=yymerGGwQ-s

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bump from page 9

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>>2464936

How do you become a god of options op?

>>2467772
Lots of study and practice and hard work.

>>2467772
black holes

Tbh non-crypto stocks are the meme stocks now. Waiting months for 5% loss or gains? Markets that actually close for hours? Competing with algorithms from conputers that have direct lines to exchanges? Why...

>>2468561
this

non-crypto is a dying market

I've worked in binary options, ask me anything.

>>2461968
Leverage, almost entirely against institutional investors. Why, that sounds not retarded at all, anon-kun?

>>2469270
Do you fap over your gains?

>>2469293
Pretty low on the totem-pole so my gains weren't all that great. Been offered a better earning position, but didn't take it. Top sales guys were pretty pleased with themselves though.

can I add you somewhere. have some questions regarding BO industries

>>2469320
>can I add you somewhere
If that's aimed at me, then the answer is nope.
I'll answer questions here for about another 45 minutes before leaving. If there's an interest and the thread's still up I'll be back tomorrow same time.

no idea how this replying system works.

anyway.

- Do you play against all the BO brokers? If so all their education bullshit they give you.. makes you doomed to lose? Like going in a trend outside the BB and Rsi etc..
- BO is just one big casino right.. I mean there is no to little room for a trading plan..
- why are most of them cyprus/malta based?
- I assume working there has not been a joyful ride

>>2469425
>Do you play against all the BO brokers?
>BO is just one big casino right
Yes, with each different binary broker you're playing against the house taking bets on the stock market. Any "education" they offer us usually just an excuse to get you to put in more money. General idea is to get you to deposit money then either lock you up with a bonus (especially unregulated binaries do this) or have you lose the money.

They can and do sometimes mess with the price, but don't outright control it. Most common tools are spreads and delays. Worst case I've seen was one account with a 10 pip spread and a 3 second delay. That being said, the person in question actually still managed to make money and withdraw it successfully so it's not unheard of, but I'd say 99% of people lose money on it and your "account managers" are not on your side.

>why are most of them cyprus/malta based?
Most of them are actually based in Israel and the majority are unregulated. Cyprus/Malte have very loose requirements for giving out licenses so if you can get licensed there then your license will apply to the entire EU whereas if you're a shady company you might not get licensed in the UK, but you can still use your Cyprus license in the UK.

>I assume working there has not been a joyful ride
That'd be correct.

>>2469502
>spreads and delays
Just to clarify: by delay I mean delays on placing the trade so you get a good price, but then the actual trade is placed after you hit place trade and the price moves to one that might not be favorable.

That being said there are sometimes also delays in trades expiring. If you've ever traded on any broker powered by SpotOption you might see your trade "validating" at the end of it's expiry which is also just a tool for the trade to go OTM it it can.

Thank you for answering. I had had various of the experiences you mentioned. Which was an indication for me that this is ome big scam. I will just stick to forex en technical analysis. Hands down it worked the best.
Maybe I have more questions tomorrow. Thanks maye!

>>2469502
do you think cfd platforms like cmc are this shady?

>>2469544
>>2469561
>cfd platforms like cmc
I have no idea what this means so I'm going to admit my ignorance here. What I do know for a fact is that SpotOption specifically is shady as fuck and that some binary brokers have developed their own platforms so they can cut out SpotOption as the "market maker."

I don't know much about forex, but what I do know is that it was one of the bigger scam industries in Israel until around 2007-2008 when many Israeli forex companies switched to binary because it was more lucrative, but since about a year or a year and a half binary companies started switching back to forex because after a series of expose articles binary is attracting too much unwanted attention from authorities and media.

Take that as you will

>>2468561

I can understand most of these points, but, I will say, I really enjoy the fact that the markets are closed. For me, it is like a built in vacation and know that while they are closed, there are no other trades to be made.

is this like analog crypto or something?

>>2470193

It's like playing crypto but on Veteran mode.

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>>2469270
How do I get access to this data to try this out and see if it's useful?

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>>2471075

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>>2471086

>>2461968
they're not brokers, they're bucket shops...

>>2464021
>I have traded simulated accounts

that is rather moot, you don't know it works until you trade it live - are you crossing the spread each time you place a trade or do you place limit orders. How does your sim deal with queue position, does it simulate any slippage?

if it gets you 5k a month consistently when live then that is great and hopefully you can scale it up and start making 50k a month... in reality very very few people can do this and you might have to accept that trading live is a different ball game

>>2466099
not really - they're just popular among people with limited capital, optimus is an introducing broker, AMP is a clearer... in fact you can open an account with optimus and clear through AMP

>>2468561
do you even know much about the microstructure of your crypto exchanges, do they have different rules for liquidity providers? who owns the liquidity providers? How do you know that you're not competing against HFT/market makers at those exchanges with special privileges - at least on a public exchange the things are regulated and if someone can pay more for colocation then so can everyone else

>>2461873
>>2461968
the forex scam is run by (((them))).
http://www.haaretz.com/israel-news/business/1.744603

>>2471242
I knew they all are IBs. But I didnt know you can open account with the fcm and also link with your account with the IB.

>>2469561
yes, they're better regulated but they're still essentially bucket shops with all the inherent conflicts of interest that carries

>>2471270
Yep
https://www.youtube.com/watch?v=L7G0OfJUON8

>>2471267
These are seriously important questions.

the forex scammers are now entring heavily into cryptos

>>2471267
dude, exchange owners are scammers. There is no rule no regulation, of course you are competing against HFT and market makers which special privileges. they can also delay payments or the real price for a few seconds, enough for you to lose.

>>2471279
they're not all IBs, optimus is, AMP isn't

you can open an account with optimus and end up clearing through AMP, you don't open a separate account, optimus isn't a clearer ergo when you open an account with them you will chose where to use AMP or one of another bunch of clearers they have a relationship with

>>2471323
I know that, I thought you where saying something like you could have a linked account with both.

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>>2471267

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>>2471375

>>2471375
that doesn't answer the questions unfortunately

Anyone here studying to be an actuary? I'm personally going for QFI track

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>>2471475

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>>2467359

>>2471202
I use CQG's IC platform for simulated trading. Its probably one of the most realistic sims out there. Limit orders place in a queue position and it does simulate slippage. However, I do not come across a lot of slippage since /es is one of the most liquid markets and I'm only playing around with small numbers of contracts. I am very aware that live trading could be a lot different, but hey, its worth a try.

>>2475937
Is that the version of CQG that cost like $500/month?

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>>2460425
There is also a good information website made by a guy that went to Harvard, got an MD and PhD. Thus, he could be now a surgeon and make 10k/12k per month. But instead, he started and owns this subscription based website with lots of good information to help forex traders with their trading. There is also a free version, but you will then miss out on the better stuff.

Paid subscription forex info website: https://plus.efxnews.com/login

Free version: https://www.efxnews.com

For US citizens, I recommend this broker: https://en.myfxchoice.com/trading/forex/

>>2476963
Technically illegal. Also the last I checked they only have Mt4.

>>2476897
The screenshot is from an article that belongs to the paid subscription service.

>>2476983
Can you show a sample of this stuff
>Orders at a Glance Institutional derived FX ideas for open positions, limit and stop orders

>>2475937
for sure, it is certainly worth a try if you've had some promising results - I'm certainly not trying to say that it is impossible to make money in this way - there are still manual point and click traders out there making a living (though the glory days for this were over 10 years ago where you'd get people in their 20s making 7 or even 8 figures in various prop firms/arcades in London/Chicago)

also be aware that sim markets tend to have a slight delay, if you're watching a live price feed and sim trading at the same time you might be essentially looking forwards a bit

there are psychological concerns too (though this is overdone a bit in the literature aimed at retail traders) - main issue is your edge or lack of it not psychology - but do consider that live trading is different in this respect - imagine balancing on the kerb between the pavement/sidewalk and the road... a tiny drop or no consequence to you... easy to do... now imaging balancing on the edge of a tall building - exactly the same thing only there are consequences if you make a mistake... does your behaviour change... perhaps you'd have been happy to jump, walk along the kerb... maybe you'd not be so happy to do the same on the roof of a tall building when making a mistake can hurt you

I think the more frequently you trade the less realistic a sim is going to be - though the less frequently you trade the longer you need to wait for a decent sample of trades to convince yourself you're maybe onto something rather than getting lucky

anyway, hopefully with the brokers mentioned before you can find out soon enough for yourself relatively cheaply... do be cautious before ramping up in size, make sure you're consistent trading 1 lot

might be worth looking into spreads too - take a look at cointegration and mean reversion strategies

>>2476258
$595 iirc. I was able to get it for free for several months because I was in the 2017 CME College Trading Challenge, which I did pretty well in.

>>2478059
Ya, HFTs have definitely ruined point and click trading, there are still a few people that do it I've seen, but success seems to be rare especially so these days.

I really do appreciate your insight, it sounds like you have been around the block. The psychological aspect is very important, because I have dealt with that in the past. I got into trading a couple of years ago after saving up some money from doing some independent contracting for my father's lawfirm. I literally had no idea what I was doing at the time, nor did I have any method/system to help me decide when to trade, so I essentially was doing manual point and click trading. Man was I skiddish and I ended up losing money and not making as much (it was a small amount I probably lost $100 before I stopped and told myself I needed a method.)

In regards to position sizing, that is an aspect of my strategy that isn't concrete. I haven't done enough backtesting to figure out what is the best method, because it all comes down to either staying safe and having steady gains over time, or being really aggressive and making exploding gains, but take the risk of going bust. Staying safe seems to be the approach I will take, but it still is tempting to be more aggressive.

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>>2478059
>>2478412
But what about this?

>>2476976
in what way is it "technically illegal"?

>>2478758
The government agency responsible for regulating futures (which in itself is a conflict of interest) has been stomping out retail forex in the US for years. The results are there are only two brokers left for US retail traders, both bucketshops who have been caught many times screwing their customers, and the regulators setup agreements with regulators in other countries to go after and punish foreign brokers who accept US traders. It was done as part of dodd-frank so it this was done to prevent another financial crisis like retail forex traders are a real threat to collapsing the markets. I say retail because in the regulations you are exempt if you are an ECP which means you have more than $10M.

>>2477026
What kind of example do you mean or are you looking for?

https://forums.babypips.com/t/going-offshore-to-escape-the-cftc/35612

Maybe it would be a good idea to create a trading discord server?

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>>2478879
I'd like to see some more examples of this and see more of what they have to offer.

>>2478892
https://en.wikipedia.org/wiki/Discord_(software)
>Discord is a freeware proprietary VoIP application
/g/ here. stop using proprietary software.

>>2478830
i'm using an offshore broker. never had a problem. nobody really cares about someone making a few dollars a day as long as they pay their taxes.

see also-
>>2478880

>>2478902
I'll share some more examples in a day or two.

>>2478979
They do care in the last months of obama they shut down the last decent forex broker and a couple months ago they kicked out the largest broker. And people around forums now are recommending to use bitcoin to transfer to your foreign brokers because there have been anecdotal reports of banks harassing individuals over wire transfers to foreign brokers. In the land of the free you're not allowed to do with your own money what you want, people in China have more freedom to do with their own money what they want.
But it's not just the US, in Belgium they recently banned it, and in others like France and Germany their regulators have been talking about banning it.
Also, this board has IDs. You referred me to my own post.

>>2479004
>in a day or two
This thread is going to die before then. It's hard work enough already to fight to keep it bumped against all the flood of new threads rapidly pushing it down to page 9 and 10 and being archived.

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>>2478892
This is the first time I ever visited this thing so I'm not even sure how to set it up.

>>2479052
>Also, this board has IDs.
do you really think i care enough to check some obvious autismal's ID?

>You referred me to my own post.
i was hoping you might actually read it. who knows, it might even be better than your usual random posting of shit that nobody cares about.