Why forex?
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thread: Why forex?

  1. #1
    Junior Member Salvi's Avatar
    11

    Why forex?

    Hi everybody,
    I have some question and you can answer them :

    1. Why is trading forex better than trading stocks or futures?

    2. In the present time iam learning very much about candlesticks and they are very based on openings and sudden jumps.
    Unfortunatelly in forex openings and similiars seldom happen in resistance to futures or stocks. Why?

    3. Is there any platform where I could analyse stocks and futures? It should contain exactly the very same features as metatrader. Or can I add stocks and futures metatrader to analyse them?

    4. What are futures?

    5. Are there some brokers where I could trade stocks and futures? What are the benefits of forex brokers?

    6. What are CFDs?

    That I would be very glad about some replies.
    Thank you in advance
    Great night
    -mike

  2. #2
    3. Is there any platform where I can analyse futures and stocks? It must contain exactly the exact attributes as metatrader. Or can I add stocks and futures to metatrader to simplify them?

    4. What are futures exactly?

    5. Are there several brokers where I can trade stocks and futures? What are the advantages of FX brokers?

    6. What are CFDs?
    Its just an illuion: NorthFinance is one of these lt;- For eduion purpose, I know nothing about these I use InterbankFX.
    -- http://www.northfinance.com/eng/cfd/...d-specifiions/
    -- http://www.northfinance.com/eng/cfd/

    Brokers are, for the time being, the only way to trade in FX. Some dilema are all about should they have dealing desk or maybe... But you ought to wary more about integrety of the compagny first.

  3. #3
    Junior Member lgox1963's Avatar
    29
    I'm fairly sure that MB Trading trades both stocks and Currency Market. I used them for Currency Market only so I have zero knowledge about the opposite end of their business.

    I also believe they have been trading stocks longer than they have been offering Currency Market trading.

    I'm neither going to urge them nor warn you away from them. My experiences together were basically neutral. The one drawback they definitely have is they are little. On the plus side, they're an ECN broker and as you pay a commission on Currency Market trades, often the spread is quite modest compared to other brokers.

  4. #4
    There are not much gaps in FX because the market is open 24hrs and gaps just occur on some broker's information feed because they open later (on sundays) than some other broker along with the price had moved.

    I think FX is far better than stock because it allow more individuals to get into trading with smaller margin. In stock, you would need large sum of cash to create any kind of profit because of the commission cost. You can't buy 100 share of something and expect to gain enough cash to cover your commission cost and then some profit.

  5. #5
    I believe forex is better than inventory because it allow more people to get into trading using smaller margin.
    Thats why there are so many fish...
    Few people live in forex and also do so as a living or make enough money to grow there account.
    This isn't a simple market.

  6. #6
    Incidentally, since you cannot Brief the stocks(Well take if you open a second account for shorting), once you decide on a fad in stock, it power than Forex...

    So trading currencies at a good trader is less risky than Foreign Exchange...
    Trend in Stocks may last for year and you have no negative interest on you commerce...
    And some compagny offer flat rate such as 9.99$ for minimal share.

    I love Forex, but they invent Foreign Exchange market to capture fish...

  7. #7
    Junior Member Salvi's Avatar
    11
    Zeuzere, dont tell me that candlesticks are not based on openings. Maybe the saying based on openings is incorrect, BUT where in the Currency Market market do you find patterns like the belt-hold line? You find thembecause there are no leaps. Additionally the engulfing pattern and the design pattern is hard to discover. .
    In addition just about any pattern is increased in its meaning by having larger gaps between the actual bodys of the candle.
    I think the last reason is a big incentive for stocks and futures, because you can differ there between strong patterns and feeble patterns (by quantifying the ditance between the actual bodys of 2 candles).
    So, do you know some more brokers that offer stocks and futures to trade?
    -mike

  8. #8
    Anyway, I dont need to start a struggle;--RRB-
    But I stick:--RRB- into what I say ( http://en.wikipedia.org/wiki/Candlestick_chart ),
    Yes they are formation in which gaps is a portion of the creation but not all of them. Also, maybe we just dont have exactly the exact same definition of openings:--RRB-

    , dont tell me that candlesticks are not based on openings. Maybe the expression based on openings is incorrect

  9. #9
    Junior Member miliguixxem's Avatar
    17
    Zeuzere, dont tell me that candlesticks are not based on openings. Maybe the saying based on openings is incorrect, BUT where in the FX market would you loe patterns such as the belt-hold line? You cant find thembecause there are no leaps. Additionally the engulfing pattern along with the piercing pattern is hard to find. .
    Additionally nearly every pattern is raised in its meaning by having greater gaps between the real bodys of the candle.
    I feel that the final explanation is a big incentive for stocks and futures, since you're able to differ there involving strong patterns and feeble patterns (by measuring the ditance between the real bodys of two candles).
    Thus, do you know some more brokers offering stocks and futures to trade?
    -mike
    mike,
    Are you considering quitting FX trade? I'm wondering why someone like you with over 130 posts would be asking such basic questions.

    Anyhow, in my experience trading forex based candlestick pattern is interesting but not always reliable. C-sticks behave otherwise in FX since it is so volatile.
    What helps me is to see the dwell creation of wicks and tails particularly about the H1 or H4 charts. Historical information of C-sticks won't show you what you have to see forming before your very eyes in wicks and tails.
    Strong stuff.

    Good fortune.

  10. #10
    Junior Member elboticario's Avatar
    22
    Anyway, I dont need to start a struggle;--RRB-
    But I adhere:--RRB- to what we say ( http://en.wikipedia.org/wiki/Candlestick_chart ),
    Yes they are formation where gaps is part of this formation although not all of them. Also, maybe we just dont have the same definition of gaps:--RRB-
    I've studied candlesticks extensively within the last 4-5 months. My response to your gap question is Don't worry about it! You can not and do not have to spot and trade each and every pattern possible. In reality, in case you buy 3-4 patterns down, trade the daily's, keep aware of the news, and also get your MM right, it is possible to do it, easy.

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