This is an open community for every type of day trader whether if you're beginner or expert. The purpose of this subreddit is to share trading experiences, trade reviews, knowledge drops, market news and generally anything related to trading. We will be mainly focused on day trading US equities but will not be limited swing trading, crypto or forex.
Would I be crazy to convert all of my savings to a foreign currency and move it to a foreign account?
Hear me out. Not any forex-type thing (still not sure what they do), but the economy and politics right now is leaving me on edge To the point where I am looking at grad schools abroad. I don’t feel like with whoever wins the November, I’ll be safe, and that there will be political unrest regardless. I’m not sure if this is my anxiety talking or if it history is on my side and that I’m right to start preparing for the worst.
Are the type of technical analysis used in crypto market’s charts same as Forex and Stocks markets?
There are different types of technical analysis and I’m totally new to this field. I haven’t been in any market before. I want to learn how to do different types of technical analysis. Do you think a course teaching technical analysis for Forex would be useful for charts in Crypto market?
[Advice] Getting sum of money to fill ROTH, how should I invest it?
Hello, I am getting a sum of money,enough to fill my roth and extra. I was going to use that to fill up my roth since I do not hit the max annually. On to the question of how to invest it, I've read a couple articles about cost averaging/bulk investing/timing market etc. With everyone saying the market is going to tank, I was thinking if I should still just max out my Roth right now or should I split it out over the next 3 months? I'm also not sure what I should put my money into, should I put all of it into SNP500 or VFINX or split it half way etc? I've been told that BRKB is also going to out perform SNP500. For the remainder, I was going to increase my 401K contributions as high as possible while living off the balance. Tldr: Going to put money into ROTH, when to do it & what to put it in? Edit: I'm 25 so I can afford very high risk investing but not like options/forex type
What personality type is best for succeeding in forex trading?
Do you have any tips for keeping sane and focused? I have a relative who has started forex trading recently and has become silent over the past few weeks and if I talk to him, he is stressed and/or seems depressed. Forex seems to be consuming his life. How have you managed to find a balance ?
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Forex trading strategies that work #2 — Swing trading Swing trading is a medium-term trading strategy where you can hold trades for days or even weeks. The timeframes you’ll trade on are usually the 1-hour or 4-hour. Within this account type, since Oanda does not offer what you would term as standard-lot trading in forex, there are opportunities to engage in micro trading. This is due to the fact that you can trade as little as one unit of currency with Oanda. This is the lowest value trading possible anywhere. Forex is a portmanteau of foreign currency and exchange. Foreign exchange is the process of changing one currency into another currency for a variety of reasons, usually for commerce, trading, or ... All good forex brokers allow clients to choose from a multitude of types of trading accounts. Many account types, however, share certain qualities even though they may go by different names from broker to broker. We will soon talk you through each different forex account type, but first, you need to understand the value of a pip and lot sizes. Many brokers offer other trading instruments in addition to the different currency pairs that are the mainstay of Forex trading. Even brokers which offer little else beyond Forex now almost always include the option to trade gold and silver, the most popular choices beyond Forex which covers government-backed fiat currencies.
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