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Anyone does Forex trading?

Discussion in 'BlackHat Lounge' started by clark123, Jun 18, 2017.

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  1. clark123

    clark123 Junior Member

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    I am slowly starting on it, as my full-time is all about numbers and financial data. So why not start learning about it.

    Have you guys heard of wave theory? Pretty interesting!

    How's your win/loss ratios these days?
     
  2. JinxerCraft

    JinxerCraft Regular Member

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    It is risky.I am out of this :)
     
  3. saharac456

    saharac456 Newbie

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    cant complain as it is part time though
     
  4. michaeladewale2010

    michaeladewale2010 Junior Member

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    trader here. i trade stocks and cryptocurrency most recently.

    i dont use indicators. only support and resistance. its the most reliable and common sense method applicable to real life in my opinion.
     
  5. clark123

    clark123 Junior Member

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    For real bro. You should look into Elliot wave theory. That will KO your support and resistance method all day XD.
     
  6. umerjutt00

    umerjutt00 Jr. VIP Jr. VIP

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    I am trading currencies and commodities. Its all about developing a strategy, backtesting it and then following it like a robot.

    I am using moving averages (EMA) and support/resistance levels.

    If you think you have come up with a system or strategy that works, then just load few months of chart data and backtest it manually. If it doesn't look profitable, it ain't worth it to try on real account.
     
  7. roseczech

    roseczech Regular Member

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    Guys, can i ask a noob question?
    What is support and resistance in trading?
     
  8. umerjutt00

    umerjutt00 Jr. VIP Jr. VIP

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    • Thanks Thanks x 1
  9. LeanLow

    LeanLow Senior Member

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    Forex same as binary options, at the end you're pissing your money away.
     
  10. roseczech

    roseczech Regular Member

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    how about cyptocurrency? because I need some advice about it, i am trap for almost 2 weeks now on FCT.
     
  11. umerjutt00

    umerjutt00 Jr. VIP Jr. VIP

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    I don't trade crypto as its just too volatile.