Forex What is Forex Trading and How does it Work? IG US

/r/Forex Trading Community

Welcome to FXGears.com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /Forex is the official subreddit of FXGears.com, a trading forum run by professional traders. FXGears.com hosts and moderates our chatroom, and has developed such tools as the chart bot you'll find available in chat.
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Algorithmic Trading

A place for redditors to discuss quantitative trading, statistical methods, econometrics, programming, implementation, automated strategies, and bounce ideas off each other for constructive criticism. Feel free to submit papers/links of things you find interesting.
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Forex Trendy - The Real Solution FX Traders Want

Forex Trendy - The Real Solution FX Traders Want
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Never traded before - need help understanding if I’m being propositioned a scam or this is just how Forex works

My mother, being concerned for my future wellbeing, as I’m not a successful person by any means, has introduced me to a friend of hers that apparently is a “currency exchange” trader or something.
I’m generally a sceptical person so I put off the idea of having a zoom meeting with this person for a few weeks. But today I met him, he was a pleasant older man, apparently about 70 years old.
Essentially, he claims that he spent $40,000 ish about 7-8 years ago to be given a proper education in the whole Forex and analysis thing. Makes a decent living himself but as he’s nearing retirement he wants to offer me free tuition to essentially learn the ropes.
I don’t, at least yet, see where I am to lose money, unless it’s a really long game scam.
But in essence he wants me to go through the entire pips school thing, and if I manage to without finding it too difficult, understanding the basics, and showing that I’m actually up for putting the effort in, he will essentially teach me everything he knows etc, set up in modules. This won’t cost me anything other than my time.
Where I get a little confused and, as I’m completely oblivious to all of this, it may just be how these things work.
But he said, he’ll show me how to set up a Demo account and over the months learn how to try to make consistent growth on these demo account (I believe he spoke in the 3%+ per month range)
And here’s where I don’t know if it gets shady or if it’s ok. . . Once I’m relatively experienced in this, showing consistency on this etc, he says he can offer me access to a hedge fund or something? Where apparently I trade some other organisations money and not my own? Something like $100,000 per fund and I’d be expected to make profits, but never more than a 5% loss in a month or a 10% loss in any one day. Other than that, I would apparently receive 10% of profits from that.
Only thing is something to do with a server fee, something like to have access to those funds it’s something like $750 a month that’s deducted from your profit, so I don’t know if it’s a scam or it’s just how the professional world of this works.
Either way I’m keen to learn from the modules he’s sending me and so on, just not sure about any part once actual money, whether that be mine or someone else’s, is involved.
Any advice would be well received thanks
submitted by brooksjonx to Forex [link] [comments]

How forex works

Imagine you have enough money you can move the markets. You have the power to buy, and price moves up as your buy order gets filled, and you have the power to sell and price moves down as your sell order gets filled. The only problem is, you can’t make any money, because lets say you go long, and you start buying causing price to go up, you get worse and worse entries as your order gets filled. And equally if you want to close that buy position you would need to sell, causing price to fall down as your sell order gets filled, leaving you back where you started with 0 profits. So what do you do. You need someone to be buying when you close that buy position, so that price remains at one level and doesn’t spike down so you can keep your profits. This is called liquidity. So you let the entire world participate in this game, you give them some indicators, like moving averages and macds and rsis that seem to work, and you teach them to place stop losses. Stop losses for buy orders are the same as sell orders, and stop losses for sell orders are the same as buy orders. So then, when you have a bunch of people going short, and placing their stop losses all at the same area (like above a previous high or previous low) because they were all taught the same thing, you get a cluster of buy orders in that area. Then you start buying causing price to move up, and close your buy position when you reach the area of stop losses. Because stops for shorts are buy orders, as you are closing your buy position or selling, you have people buying so price doesn’t spike down and you keep your profits. In this story, you were a big bank.
Went Long euusd @ 1.1706 tp at 1.17802 (huge cluster of sell stops there and everyone went short)
submitted by thevoice102 to Forex [link] [comments]

How forex works

submitted by AssFasting to TheStockGuy [link] [comments]

Quick breakdown of how Forex works

Quick breakdown of how Forex works submitted by EternityOnDemand to CashFX [link] [comments]

Forex Trading as a Retirement Investment - Here's why Forex Works

Forex Trading as a Retirement Investment - Here's why Forex Works submitted by jackcarey123 to u/jackcarey123 [link] [comments]

How does forex work? How do you sell something you never had?

submitted by Vioshappier to NoStupidQuestions [link] [comments]

I got invited to a private basement presentation, presenting how KUVERA FOREX works

So the other day a friend of friend messaged me if i want to make money...
i txted him multiple times replaying normaly without showing any sus... (im trying to keep this short very short)
he asked me "come over to my basement i will show you a thing you will make money with"
i flaked on him twice and he came back to me 3rd time texting to go to his place, so i decided to give it a shot and go there poor people dont know im an expert lol.
there were 4 other kids ranging 18-22 years old something like that... invited just like me i am assuming (victims)...
one of them i felt bad for him he was a new comer immigrant or something.
and a quick info this is happening in Canada, Ontario, Toronto try to stay away.
So the host is a friend of friend and i dont know anyone else in the room. So the host turned laptop and TV with scuffed setup and launched his presentation slides and was having trouble maximising it, I offered him help that i know in computers and shit (im actually a programmer). Went on his laptop and with quick glance on his tabs and other browsers i noticed coinbase and other crypto websites open. I maximised the window for him to start the scuffed presentation. Another guy started talking and said my name is Rakan or some shit cant remember, and suddenly he was the presenter and the host was just hosting the place and that ticked another point in my head as fishy thing to do(why would u host it in someone else's place, i felt like the host is a victim too). so he started talking about how he is making money and shit and all about Kuvera forex. He never made sense to me and i was looking at everyone else's face and feeling bad for them cuz they were impressed and kids were probly desperately looking for a way to make money. I sat there and kept acting like dumb and good listener and then left the place at the end. Everything about it was fishy and the presentation did not show anything as product it was just saying register and make money bla bla bla, and it felt like ponzi pyramid or something else similar idk, all they wanted was people to register and buy the subscription which is affiliate points for them probly bcuz they were begging pretty much.
all i wanna do is smash this dude's face that was talking and presenting it. He was Saudi Arabian / Palestinian which is multiplying the fishiness lmao
submitted by mino9421 to Scams [link] [comments]

I got invited to a private basement presentation, explaining how KUVERA FOREX works

So the other day a friend of friend messaged me if i want to make money...
i txted him multiple times replaying normaly without showing any sus... (im trying to keep this short very short)
he asked me "come over to my basement i will show you a thing you will make money with"
i flaked on him twice and he came back to me 3rd time texting to go to his place, so i decided to give it a shot and go there poor people dont know im an expert lol.
there were 4 other kids ranging 18-22 years old something like that... invited just like me i am assuming (victims)...
one of them i felt bad for him he was a new comer immigrant or something.
and a quick info this is happening in Canada, Ontario, Toronto try to stay away.
So the host is a friend of friend and i dont know anyone else in the room. So the host turned laptop and TV with scuffed setup and launched his presentation slides and was having trouble maximising it, I offered him help that i know in computers and shit (im actually a programmer). Went on his laptop and with quick glance on his tabs and other browsers i noticed coinbase and other crypto websites open. I maximised the window for him to start the scuffed presentation. Another guy started talking and said my name is Rakan or some shit cant remember, and suddenly he was the presenter and the host was just hosting the place and that ticked another point in my head as fishy thing to do(why would u host it in someone else's place, i felt like the host is a victim too). so he started talking about how he is making money and shit and all about Kuvera forex. He never made sense to me and i was looking at everyone else's face and feeling bad for them cuz they were impressed and kids were probly desperately looking for a way to make money. I sat there and kept acting like dumb and good listener and then left the place at the end. Everything about it was fishy and the presentation did not show anything as product it was just saying register and make money bla bla bla, and it felt like ponzi pyramid or something else similar idk, all they wanted was people to register and buy the subscription which is affiliate points for them probly bcuz they were begging pretty much.
all i wanna do is smash this dude's face that was talking and presenting it. He was Saudi Arabian / Palestinian which is multiplying the fishiness lmao
prove me wrong
They are inviting me again to more of these presentation, and if i find anyone in toronto that wants tocome with me we can talk and meet and go there and record a video or something hidden.
BTW: english is not my native language and i was trying to make this post real quick and without wasting more time,
hit me up and ill give you my phone number and we will try to go in this presentation and do something wether blackmail them or idk lets talk about it
submitted by mino9421 to pyramidschemes [link] [comments]

How doew Copy trading in Forex work? 5 Useful Tips

How doew Copy trading in Forex work? 5 Useful Tips
Copy trading is hugely popular since it helps the lazy trader to become profitable without spending time on trading. But, is it really that easy or does it need a little more explaining. Yes, you guessed it right, let me explain in this article if copy trading is something you should consider. Specially since we recently started this service too. But hey, let me be critical.. Read more

https://preview.redd.it/f2pfnygo5i331.jpg?width=800&format=pjpg&auto=webp&s=583f151b058c577fd53d8edca524bcfa31a30183
submitted by iforexrobot to u/iforexrobot [link] [comments]

How Does Forex Work With Income Tax

Still playing with learner apps and I've got a long ways to go before I'll be confident in what I'm doing. But I've made like $400 in fake money so far.
Just wondering how you report this shit every year? Does Etoro or whatever other platforms you use send you stubs via email or something? For that matter, how does actual payment work when you cash out equity? Do you have to link your trading accounts to a bank account or a paypal or something?
Thanks in advance. I'm aware I'm a noob.
submitted by hypes11 to Forex [link] [comments]

Does arbitrage in Forex work ?

Seems quite unlikely, but I thought I'd ask. Looking at the prices I think the spread almost always covers the arbitrage. It would be a quite easy to write EA if it did work, and seems like if it were the case it would be all over the internet. Has anyone ever made money on this ?
submitted by pipcrawler to Forex [link] [comments]

ELI5: How does FOREX work?

submitted by lyleboschkavitz to explainlikeimfive [link] [comments]

Do all banks credit cards not work on stocks or forex trading websites?

I’ve tried like 4 credit cards from 4 different banks and none of them worked. Can anyone help me with this?
submitted by AnyoneButLiverpool30 to Egypt [link] [comments]

Another rant about forex expectations and work ethic.

This will be another rant following my previous post about the expectations some people have when going into forex.
I started trading just over a year ago. I did not go into forex thinking I was going to get rich quick. I knew it would be a massive learning curve and it may take me upwards of 5 years to make any sort of money. Because I accepted these facts before I started, I did not get frustrated at any point during my learning journey. I did not feel helpless when yet another one of my techniques failed. I didn’t quit. I knew I just had to keep going and eventually, I would see success.
I also knew that as long as I remained consistent I would get there NO MATTER WHAT. You also have to want it bad. For the past year, I have woken up at 5am every single day before my rubbish warehouse job, and studied. Same in the evening. Why? Because it gives me more time to learn, and the more time = learn quicker. On my days off I literally sit all day and study/trade.
A lot of people come into forex thinking they will be able to quit their job within a few months, but their effort doesn’t reflect that. If your only putting in 2 hours a week to learn it will take a lot longer than someone who puts in 20 hours a week. And enough of the ‘oh but I don’t have time for that!’ - everyone can find time, as I mentioned with myself I work 50 hour weeks but I get up earlier. Simple as that. If you truly want something you will do whatever you can to get it.
To all new traders who are just starting out - accept that this may take years. Don’t get upset at other people who are seemingly millionaires after a year. They aren’t.
Rant over.
submitted by zor600 to Forex [link] [comments]

What does someone who works for a Forex company do?

Context: Forex is big in my country (Cyprus) and it pays good, while normal jobs barely scrape by. So I wanna know if I can work at such a company but I've no idea what is it exactly that people who work there actually do.
I'm talking about the entry level jobs by the way.
So basically what is the entry level job at a Forex company and what is required for one to be successful at such a job?
Thanks!
submitted by Jonathanplanet to Forex [link] [comments]

What is some forex bullshit that everyone does but doesn t work?

submitted by PopFlorinRaduMarin to Forex [link] [comments]

I’ve been looking to try forex. I started out trading stocks & after losing 58% I buckled down & spent a lot of time making a trading plan & practicing discipline. Over the next few months I built up over 500% with many small consistent wins. Problem is now I work full time on nights. Thank you!

1.) is trading forex at night viable? 2.) what is the best broker for a small account? 3.) is $100 account to start too small? (I want to practice with real money but not so much that would be discouraging when I take losses.) 4.) what are the best books/resources to start learning? (Willing to spend more than $100 on books cause I like to read and not go into something blind)
submitted by skeptic1423 to Forex [link] [comments]

Forex trading Don’t Wish For It. Work For It

Forex trading Don’t Wish For It. Work For It submitted by Brandonkirby115 to u/Brandonkirby115 [link] [comments]

Forex trading Don’t Wish For It. Work For It

Forex trading Don’t Wish For It. Work For It submitted by Brandonkirby115 to u/Brandonkirby115 [link] [comments]

What Is Forex Trading and How Does It Work for Making Money?

What Is Forex Trading and How Does It Work for Making Money? submitted by BullishBearsTrading to u/BullishBearsTrading [link] [comments]

How leverage works in Forex trading - Forex Affiliate Programs - Forex Broker Reviews | VPSI Forex

submitted by Sophia3960 to eToroaffiliaterevie [link] [comments]

Forex Discipline possibly Forex Doing work Psychology - RNBSN Forex School

submitted by Sophia3960 to fxblogs [link] [comments]

How to Start and Practice Forex trading with a demo ... What Is Forex? SIMPLIFIED - YouTube MOST PROFITABLE FOREX TRADING SYSTEM - YouTube Proven Forex Trading Strategies That Work (for 2020) - YouTube How Forex Trading Works - YouTube Forex Explained in 5 minutes - YouTube The truth about Forex trading - YouTube How Does Forex Work? - YouTube Forex: Top 2 Best Indicators / How to use them correctly ... Lesson 1 - What is Forex and how does It work? - YouTube

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How to Start and Practice Forex trading with a demo ...

Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. The broker website, I used in this tutorial is here : https://bit.ly/2yY3lL3 (Roboforex) This is my current broker. Which I find better than most I've used. ... I am giving you a Forex Trading System worth Thousands of Dollars for FREE! YOU MUST WATCH IT UNTIL THE END, its very important. This is a very versatile sys... The Forex market is the biggest market in the world and operates 24 hours a day. However, there are some nuances- such trading in ‘pairs’ like EUR/USD (the e... Know your forex terms Before we delve any deeper into the possibilities that exist in the Forex market, we need to go over some basic Forex market terms. Pip... Discover proven Forex trading strategies that work so you can beat the markets in 2020 and beyond. 👇 SUBSCRIBE TO RAYNER'S YOUTUBE CHANNEL NOW 👇 https://www.... How Does Forex Work? https://www.youtube.com/watch?v=OxV9SMfPdc Add Me On Facebook For More Info: https://www.facebook.com/JoinAhron FREE: 3 - Part Reversal Series - https://goo.gl/QKaxzV CHECK OUT: EAP Training Program - https://goo.gl/7RrMM5 JOIN: "Advanced Pattern Mastery Course" Waitin... https://www.robothousetrading.com/welcome I understand that people get excited about trading Forex, making money, living their dreams, etc... But the reality... Join my community chat https://t.me/thebridgeceo Learn how to trade. Catch The Wave. Join My Team: https://iM.Academy/corp/cjoin?enroller=SAYYSOOFLYY I get a...

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