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Forex vs stock market This is meant as a discussion. Which is generally more profitable for day trading. Pros and cons of both. Etc I know this is very complicated but I wanna start day trading and I don’t know which I wanna do. I’m 19 and I’m college college and I like analytics.
This is meant as a discussion. Which is generally more profitable for day trading. Pros and cons of both. Etc I know this is very complicated but I wanna start day trading and I don’t know which I wanna do. I’m 19 and I’m college college and I like analytics.
I've only been trading forex so be easy on me. From those three, which one do you think is the hardest, which one do you think is the most profitable? I'm 90% sure that forex isn't the easiest, but since just like what i said i only trade forex, i'm very biased. Forex is always ranging unlike blue chips stocks that is always in an uptrend. Is it worth it transitioning into blue chips? I could see that blue chips stocks are much easier in technical analysis aspects since i only need to enter during pullbacksand go long, but i do need to hear opinions from those who actually traded them if it really is that easy. Penny stocks on the other side has a very different market conditions, and that's what im currently trying to learn. I could see some penny stocks in a stable downtrend and suddenly spikes because of some news catalyst. If one would be able to join the pump consistently, i think penny stocks would be the winner in the most profitable trading amongst these three, but then again i don't trade penny stocks so i needed to hear out from those who've actually traded them. What are your opinions regarding these?
Stocks vs Options vs Forex vs Futures to develop an algo
Guys, this post is kinda long, so if you want to jump to my question just skip the first 5 paragraphs. I have been trying to develop algos to make money on the stock market. Some have shown huge gains, only to be f'd by the bid ask spread afterwards. In addition, it is complicated to obtain bid ask data for free. What I did was to use present values of the bid ask (from yfinance) and assume they were always like that. Additionally, I had to use only daily prices (open, close, low, high) and assume I would make an action exactly at open or close. I had some algos who worked OK under these simplifications. But I don't trust them. For instance, at open the bid ask spread is higher. Also, the assumption of the constant bid ask spread may be very wrong. I have thought about buying historical data. I found historical data of the Russell 3000, by 30 mins, with the bid ask, since 2009, for 500 dollars. And have thought about buying it. But I am still unsure whether I should buy it. First I want to try other things. I have started to think about learning other types of trading types, such as futures, options or forex. They may have different pros and cons. And maybe better data (for free). So the aim of this post is to know which trading would you recommend and/or what are the pros and cons from each. Which one can give the highest returns with algos? Which one has more free data available? For example: the data by minute, or the bid ask. (forex maybe?) Which one would I have not to worry so much about the bid ask spread? Small bid ask Which one has more data? I will assume stocks, since forex does not have that many exchanges compared to the number of stocks. And more important, which one do you recommend from personal use?
Whilst acknowledging that since many FX brokers are market makers themselves and the product is not necessarily exchange traded, what would be better for a newbie to test/deploy algos on. From what I understand, some retail algo traders completely avoid FX. However, with FX, due to small capital requirements you may be able to deploy hundreds or even thousands of strategies (small lot size) whereas $50k or so may not get you that much diversification on futures (although of course futures pricing is far more transparent) Thanks
Forex vs. Cryptocurrency Trading - Which one is best for you?
If you are considering joining the crypto or forex markets, please explore the article below. We will help you gain the most complete knowledge about these two markets. What is Forex? The Forex market is one of the largest trading markets in the world, with a daily trading volume of about $5,000B. The market consists of financial institutions, businesses, banks, and retail investors, all of which exchange national currencies either as a means to earn a profit. What is the cryptocurrency market? Compared to the forex market, the crypto market is still young — about 11 years old — and exclusively transaction with digital assets such as BTC, ETH, XRP,... It opens 24 hours a day, seven days a week. https://preview.redd.it/k9trm2t98l551.jpg?width=750&format=pjpg&auto=webp&s=d5705162be8086463ea5bfcfb12a27b2856376bf What are the similarities between the two markets? There are many similarities between these two markets, such as they both trade in currencies, are volatile, and both counts on modern communications technology to operate. What are the differences? Although many parallels, the differences between these markets continue to exist. Which one is best for you? This is a question that you have to ask yourself. Forex trading can provide more stability and be an industry with deeper roots, more infrastructure as well as clear regulation. However, the room for upside in the Forex market may not be as high as Crypto can offer. Learn more: https://vakafx.com/detail/What-are-forex-vs-cryptocurrency-trading Follow our official channels for up-to-date information: - Website: https://vakafx.com - Email: [email protected] - Telegram: u/vakaxasupport
I’m new to trading (obviously) and I want to know the difference between Forex and trading with brokerage like Robinhood. Any recommendations on books or videos to start off with? I’m open to anything!
Curious as to why many of you have chosen FX over stocks? Scalping fits my personality and that’s what I have been doing lately. However not overly confident with my knowledge in forex. My question is; can anyone list a comprehensive pros vs cons of FX vs stocks? Unsure what I want to put more time and effort into, as I’d like to devote time to the one which is more so profitable.
Curious to know what everyones thoughts are on the differences of trading the two instruments. For me I think Forex is more difficult even tho there’s only 12 major pairs compared to thousands of stocks. I find that stocks follow support and resistance levels more than forex, a lot of the time with forex I find it breaking above or below a support/resistance level then completely reversing. I think forex may be more difficult also because you are going against big banks, etc instead of your average trader with stocks. Curious to know everyone’s opinion on the topic.
Tax Treatment: Forex Vs. Equities . These various trading instruments are treated differently at tax time. Short-term gains on futures contracts, for example, may be eligible for lower tax rates ... Forex trading, on the other hand, can be done six days a week, 24 hours a day, because there are many forex exchanges worldwide—it's always trading time in one time zone or another. No Bear Markets in Forex Trading . Forex vs Stocks Short- Term (Scalping) A trading style where the trader looks to open and close trades within minutes, taking advantage of small price movements. 2 24-Hour Market. Another remarkable difference between Forex vs Futures trading is the fact that the Forex market operates a seamless 24-hour market. From Monday to Friday, Forex traders have uninterrupted access to make instant trades on the Forex market based on valuable information or market indicators that may affect the value of any currency. The best way to think about forex vs. stocks is that forex are a form of short-term speculation that’s really no different than gambling, whereas stocks are designed to be owned and held for the long term. With this distinction also comes limitations on profits in forex, primarily because how the markets are structured.
If you’d like to download my 21 Power Strategies for free, just click on this link: https://go.thepatterntrader.com/21-power-strategies In this video Marco Mayer, Systematic Trader and head of AlgoStrats.com talks about what’s better to trade the currency markets? Spot Forex or Futures? To an... Want to learn more about forex? Check out our Trading Room: https://bit.ly/2QH9AaB Sign up with IC Markets - Our preferred broker! IC Markets: https://www.ic... I've always thought the Forex vs Stocks question was a dumb one. You can do both if you have a real edge in both markets. But you need to be aware of the mai... https://www.robothousetrading.com/welcome I understand that people get excited about trading Forex, making money, living their dreams, etc... But the reality...