Hey ,, i came from the world of poker and i trade forex on with supply and demend way on demo and it work very nice over 3 months BUT what disappoint me,,is very simple and it about the lot size when you trade...so if i wanna trade only for example 10 lot size its like in poker going slowly to higher stakes...but what i dont understand is that on 10 lot size when you buy/sell you already down from your balance by 270 dollars ,,sorry noob question,,its like you go to attack some player with more money but on the same time your balance go down with another amount of money that you didnt attack,,,not talking on higher lots size where you suddnely down huge number,, so how oeople can be profitable on higher lots size where they need first to recover x amount of money on higher lots..its fucking drive me crazy,,,on 20 lot size you down 1600 dollars,,is this how forex work? Thanks sorry for noob ques
Forex isn't trading. It's gambling. Be ready to lose all your money hoping to win against your broker.
That's just the spread. It's your equity that's down not your balance. Depends what pair you are trading too.
Ignorance of the FX market is not a valid reason to call it gambling.... Forex can be profitable if you know the mechanics that move that market. Most people that jump into FX think that its just a matter of "following indicators" that will lead them down the yellow brick road to mastering FX. It takes hard work but being successful at FX is possible. I've made my living trading FX(mostly FX futures on CME) full time since 2008. And no, its NOT GAMBLING....
I recommend you to download app which is called GoForex. It is very good FX learning app, where you can learn fx basics, play fx quiz and also use fx real time simulator, which will help you to improve your trading skills. http://goforexapp.com
Check with the LittleFishFX guys for the email alerts for the forex pairs. They have a track record of 1900+ point plus since November 2015. Would your best bet i think. They only charge 50 pounds per month i believe. They are for real for sure. (Know the guys, BUT not affiliated, and not compensated from them in no way whatsoever!).
Don't forget your margin requirments...amount it takes to hold on to your position. Will vary per pair that you trade.
I pro poker player bro trust me and i cannot play online from where i am,,i just fucking cannot seat long times on table,,,and i wish i was able to play online,,,,this is why i get to forex and its fun in the right way(supply and demend tactic work very nice over long time)the other things trend lines or fib or siginals its not going to work for sure i thing the same thing with stocks in short term its all about supply and demend,,,