Discussion in 'Forex Trading' started by Bluegar3, Jan 11, 2007.
Just wondering why you guys choose to trade currencies? Are they easy to make money?
I got involved in forex when I was an analyst. I found it a more interesting market than fixed income in terms of something going on just about every day. I've stayed with it since. I like the breadth of tradable instruments without having to deal with the mass of stocks (though I trade them too) and it's a wonderfully technical market.
do you got empirical evidence of that?
What exactly did you think I meant by saying that?
I have an interest in trading in general. So when I heard that the Forex Market is the largest on earth, I wanted a piece of the action.
What did you mean by this? Ive always assumed that the currencies were mainly driven by fundamentals and news so I have shyed away from it. I traded the Euro for awhile but found it too prone to sudden violent moves for no apparent reason.
fx is all but technical as far as i see.
I agree. I find Euro market very efficient and mostly driven by news or liquidity demand, thus un-tradable for individual trader because you won't have an edge on these things.
i pretty much agree...i have experience trading equities, equity options and currencies. i also find the currency market to me much more interesting because of its global nature.
from a trading standpoint i enjoy the 24-hour nature of it and from a technical analysis perspective it lends to "cleaner" moves (on a daily chart) in part because of the 24-hour action.
i agree one could almost entirely tackle this market from a technical perspective (like me) but i do know traders that approach this market successfully from a fundamental perspective. whichever way works for you is the method you should pursue.
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