I've traded forex for the past year. I trade on about $100,000 account and normally trade futures and equities.
Normally if I trade a currency I trade it through a futures contract. I decided to incorporate forex into my trading but was greatly disappointed.
There is too much volatility and the markets don't adhere to any trading theory or indicator. Forex markets don't even adhere to basic psychology that most markets adhere to.
You also can't write covered calls or puts that help to add income to your positions. It just seems like the forex markets fluctuate wildly and in order to profit you just need luck. It just seems like it's a huge gamble rather than investing.
I can't imagine any serious traders trading in the forex markets. Do other traders on this site feel the same way. I was just trying to see what other people thought.
Normally if I trade a currency I trade it through a futures contract. I decided to incorporate forex into my trading but was greatly disappointed.
There is too much volatility and the markets don't adhere to any trading theory or indicator. Forex markets don't even adhere to basic psychology that most markets adhere to.
You also can't write covered calls or puts that help to add income to your positions. It just seems like the forex markets fluctuate wildly and in order to profit you just need luck. It just seems like it's a huge gamble rather than investing.
I can't imagine any serious traders trading in the forex markets. Do other traders on this site feel the same way. I was just trying to see what other people thought.