I've been learning for 2 years now and I've absorbed one thing those trading stocks will say forex isn't good, those in forex will say stocks aren't good, swing traders will say day trading and scalping aren't good, scalpers will say swing trading isn't good. Overall, every trading style and market can make money. You need to find what suits you higher timeframe or lower timeframe, stocks or forex.
You wont make the bag if you dont know what he is saying . Forex trades sell and buy at diffrent prices on diffrent platforms . This really matters because your entering trades at a price you see on the chart your broker will fill it at a diffrent price sometimes you get stopped out because your broker filled orders above or bellow your stop . Its more manipulation basiclly
I am trying to avoid making any new buys at this point in other not to get sucked into a bear market trap.It's tough making money in stocks when institutional investors are the driving force behind the selling.. although I read an article of people that grossed profits up to $150k during this crash, what are the best stocks to buy now or put on a watchlist?
Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.
‘’Jenienne Miniter Fagan’’ is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment
I dabble in fx but what I like more about stocks/indices is that the fundamental analysis isn’t as hard to get a hold of. You can literally google «*TICKER* analyst rating» or price goal and you have access to professionals price targets and ratings to back up your technical analysis, imo it makes trading a lot more predictive and makes it easier to make good profits with little effort. When it comes to fx you need to analyze macroeconomics of two countries in relation to eachother and make a prediction on both to predict trend over time, and reading COI statement until your eyes bleed to find a legit broker, which is just a headache.
Forex is so much easier to predict though. Financial news (which is released all the time) typically has a big impact on certain pairs, and the movement of those pairs has a big impact on other pairs. It's a very predictable market when you don't overthink it. Some of the richest people in the world have made billions in the forex market. It's not just for 23 year old RUclipsrs
Ig u need to play with rules to make money in forex its all about how much big u are. I know whales make large money in every market but in forex the number is high
Everyone is invested in currency, you don't need to see the exact numbers to avoid manipulation. But that does make it harder on unskilled traders or people trying to go quicker than they could go with futures and stocks. The unpredictable manipulation really isn't that bad, and must be prepared for in normal markets as well since it occurs in every market from day 1. For most people, if you just want to make an average trader's salary - it does not matter what market you trade, pull $500 a day out of meme coins if you want. A good trader should always be comparing his/her own predicted numbers to the real numbers that show up, and make decisions from there.
I think the difference here is whether you're trading the CFD of stocks or buying/selling and owning the stocks (this is where there is buyer and seller involved). Therefore, it would be the same "type of trading" with Forex if you are trading CFD of stocks because we technically don't "own" the stocks/forex. We are just trading the movements.
But CFD's are actually happening decentralized , even though futures and options are done in index's those are happenings on the centralized exchanges where the actual volume is visible to everyone at the same time... but in forex the volumes are shown only from a specific broker not the entire of the world, for instance the EURUSD volume will be shown only from a specific broker...
@@readmycomment101😂😂😂😂 stop making me laugh even if you got the volume data there is no way you will be consistent profitable. If you are smart enough then you will know that most of future deravatives moves in a slippage formation in the correlation of expected volatility of an asset class in other words is like saying the future volume is useless and future market markers are price takers of stock in stead of price maker and they will quote them base on how they expect the volatility to be in future this why it explains why future contracts price are different based on expiry time plus if traders overwhelm the market the future market markers will have to hedge there position with real stock assuming they don't Have partnership with the stock exchange.
I've been trading the fx markets for 15 years and I am just now learning by these comments there is a vast amount of people that seem to think it's a hard market to trade 😅 it's exactly the same as any other market. I'm a fx prop trader but have personal accounts for trading stocks and crypto, it's the same concept. It's all about understanding people
Everyone’s missing the point he is making here. He’s basically saying that in forex there could possibly be foul play here where someone controls the market on a certain pair that has trillions of dollars that can manipulate the market a little bit to go one way and completely change or reverse a trend in their favor unlike buying contracts where you can actually see the price that individual people are paying for that’s centralized
Beginner should probably trade futures. You dont need 25k to have unlimited trades. Only downside is that there are commisions. Do your own research tho everyone is different.
At least he prove it and hit 22 million profit than a hundred traders with their fake full glasses on comment section. He's from Pakistan, an immigrant and he got my respect. American tax people would be very happy to have him. He's genius, Love from Indonesia
Rubbish, Fx prices are dependant upon the toughest intersection of commerce and Geopolitics and weather and energy. If you dont understand interest rate instruments your not making money trading forex, youre jus trading basics and noise. hint: 99% of FX traders are doing exactly that. Most newbie traders dont invest in their learning properly.
@@DEFACTO9 Exactly. The successful FX traders that I know make trading decisions by fundamental analysis and use technical analysis to figure out stop losses and take profits.
*Excellent !!! I really do have a question. For someone with less than $10,000 or Above to trade in stock market how would you recommend we enter into trading ? I am looking at studying some traders and copying their strategy rather than trading myself and losing money emotionally. I would greatly appreciate any suggestions*
Mr Morris understanding of market indicators is impressive. He knows exactly when to enter and exit trade for maximum profit. He's signals are top notch
Very true..forex is full of crooked brokers. (Broker manipulation) however, I used forex and its ridiculous leverage to grow my account and switch to futures.
@yafriz not in the sense of too much or too low. More like unrealistic leverage from unregulated brokers like 1:1000 leverage. Having moved into futures. Deal more with your margins and required capital to be able to maintain your positions.
Just fund a way to make money,the concept is still the same (price action) so even though you see the transaction of other Traders it doesn't guarantee profit
You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi-millionaires. I am adding multiple stop loss setting methods to all the complete system indicators what stop loss options do you want i'm currently adding a candle stop (high/low of last x number of candles) ma stop (it sets it to an ema value you can pick) the current one thats in place which is as per the gold shark strategy an ATR stop loss where it sets it as a multiple of the atr if you have other options you want to see let me know this will be to go into the following indis the shark wave rider trend rider scalpers paradise
The point is if it's not centralised, brokers could just "display" a price that scams you! I get all that ego where it comes from "if your a trader you'll trade in any market" sorta ego... And to give you a perspective, let me challenge you into this - I'll set up a market, if you are a man, if you got two balls, deposit your real money with me and start your trading 🤡💀😄😂
@@Motivational-lf8zq I got Your point it is very clear and straight forward Thanks! I also agree that Traders should trade in any market or any asset is wrong, there's a lot of specialization in every asset. The true fact that FOREX is not centralized maybe turned as an advantage by experienced traders as: spread trading + triangular arbitrage + carry on trading, only possible on FOREX. Thanks for replying, I really appreciated.
This is kid... 😂.. order flow changes in milli seconds.. many orders are placed to manipulate market.. when ppl see the order and volume the take one direction and then the Godfathers changes the order flow
@@ahmetm5480 Well he says forex prices are different across brokers. That's a bunch of bullshit. I don't think this guru knows what he's talking about, lol.
Trading is not about forex, cypto or stocks.. it is totally about psychology and money management.. not matter where are you trading if you can control your psychology and master the money / risk management your are the winner.. 🍷
That’s why I cringe so damn hard when people say they are looking at order flow or volume in forex… lol it’s completely controlled. Volume does not matter at all in forex. If you want to trade on volume concepts your best trades would be in commodities where those are true, real, tangible items you are trading.
Futures and options guy here. Chose to do futures over fx for a number of reasons. But wow that's wild. So if vol/order flow is an important part of your trading strategy - fx just isn't the game table for you. Thanks for sharing!
@@maderastuff Exactly :) I just wanted to throw that info out there and help someone. But yeah FX is 100% controlled. It’s a central bank dealing house not meant for me and you. And if me and you wanna play then we have to play as the customer in their storefront trying to predict the price of their commodity for today. Instantly when I see someone mention Volume as part of a strategy on FX trading I turn away because if they only knew the bedrock… they’d never touch it
u can't see volume in forex it's impossible because most transaction are made as derivatives over the counter between 2 parties . Most of fx transactions are hedging against currency . Most traders trades are bundled by their brokers and sent to the market maker aka the bank .The volume of FX is upwards of trillions per day
You seem kinda unaware. Yea, the bucket shop (dealing desk) retail fx brokers mark up the quotes (no commission) which simply widens the spread and gives them the ability to shade the price and game their own accounts. So yea, sure, fx volumes are tough to get ahead of. However there are proxies for volume as well as the volume figures available from CME --> you can just use futures volume and reads. Actual traded volumes are purposefully obfuscated and concealed in almost every market, so there is nothing really unique about fx in that regard.
To anyone watching this, just find your edge! Stocks, Crypto, Options, Futures and Forex. Find your edge, understand your psychology and learn how to technically/fundamentally analyze your market. Trading isn’t for everyone, personally I don’t want to be a surgeon. Point being a surgeon might not want to be a trader. If you’re doing this for money don’t. If you are doing this for passion go and get it ! “It’s not a race it’s a marathon” (:
dont lie to yourself and say its not for money...passion?? what is there to be passionate about? wow numbers moving very fast wow!!! green and red christmas colours!!!
Saying there is no volume is total bs/ lack of knowledge. Volume on fx is calculated in ticks which is over 90% representable as the real transaction volume.
Thanks for sharing such valuable information! Could you help me with something unrelated: I have a SafePal wallet with USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). How should I go about transferring them to Binance?
Not everyone will get what he said until they start following the real money. It’s very much easier for forex to be manipulated by big institutions and bots. In stocks you can see the order flow time ans d volume and if you enter at the right time you can be unstoppable
Lol there is more volume in black pools than on lit exchanges, if there were not manipulation the capital would be democratized and no system has ever achieved or wanted democratization on capital, including the USA the largest crooked in the world.
Find your niche, I believe every way he just talked about Trading you can learn to be profitable if you’re consistent and put in the time and effort🎉🎉🎉
Why would you want to trade something centralised? That’s why crypto is so popular now, it’s de-centralised and the banks don’t have any control over it.
All these avenues he speaks of for a Muslim are prohibited. Everything this guy does both Futures and Options and Forex. It's not even debatable. You trading something you don't own. Not sure if he is Muslim but just FYI to any inspiring youth. You will be questioned for every dollar you spend and whom you spend it on. Don't go down the dark path.
It not better that there is no centralized exchange? B/c of this, it is harder for more than 1 group to manipulate a market. Any one group that tries to influence a market will most likely carry more risks, right??
The first two markets I was taught to trade is Ger40 which was Germany 30 back then and US30. Since then I've just always stuck with indices, I only trade Ger40, US100, US30, Gold/XAU/USD & occasionally BTCUSD. I've never understood Forex, the pips/position sizes and haven't cared to learn them either. Sometimes it's like watching paint dry as well
@@EzeugwuChibuike-z1x I agree it's much slower, another reason why I don't like it but I wouldn't say Forex is necessarily "safer". I think if you have good setups and a consistent strategy with an edge combined with good risk management, you'll do exceptionally well with indices. I literally only trade 3-4 things. Germany 40 primarily & I do very well mainly because of risk management and a profitable strategy.
Exactly US30 and Xau is mainly what I trade along with JPYUSD. BTCUSD is what I look at on the weekends sometimes if I want to take a trade since the others are closed
Exactly, the lack of REAL accurate volume is why I decided to pivot away I had to move away from it. My strategy depends on volume (specifically relative volume by time) so I just trade futures and options because the volume is accurate and available. If your strategy only relies on price action, then you should be able to theoretically trade any market.
Forex is full of market manipulation by brokers, and what he's saying about centralized is true. I trade forex but the truth is there's a lot of market manipulation in forex.
In reality, price differences between brokers are often due to varying spreads and transaction costs. This is normal in a competitive market like forex. What’s crucial is choosing a reputable broker regulated by official financial authorities. A reputable broker not only provides fair pricing but also ensures transparency and protects your interests. Using comparison tools and thoroughly researching brokers will help you find the most suitable one.
Every market has its pros and cons. If i can buy gums for 0.1cts and sell them for 1€ thats profit. Like he said the concept is the same doesnt matter what you feel confortable with
When forex broker are ready for you😂 it will look like u never traded forex before, they will manipulate you and you keep losing your money, they don't follow general market price, your losses calculation is kept in the dark. Until you loss all your money, just don't try to recover your money because you will keep lossing
Bro is worrying about forex not being centralized and fees with different prices. In forex you can use leverage in stocks not. If you know how leverage works you can make a lot of money
He makes it sound like exchanges can chart whatever they want... That's not true. They get the data from the centralized banks in each country depending on what pair you are trading....
You don’t need to see it. All that matters is price action. Why would you need to see it especially if your trading is based upon volatility? It’s not like you can individually spot millions of transactions as it’s happening in a matter of under a second. This guy’s take is ass.
I've been learning for 2 years now and I've absorbed one thing those trading stocks will say forex isn't good, those in forex will say stocks aren't good, swing traders will say day trading and scalping aren't good, scalpers will say swing trading isn't good. Overall, every trading style and market can make money. You need to find what suits you higher timeframe or lower timeframe, stocks or forex.
pretty much. i like intraday forex. im experimenting with some stuff now so hopefully ill go live again sooner or later
WORD
True
Yeahhh same thought 👍
Absolutely 💯
As long as Money is made, that's what matters
Blah blah
See profit take profit
❤❤❤It's all about the BAAAAGGG
You wont make the bag if you dont know what he is saying . Forex trades sell and buy at diffrent prices on diffrent platforms . This really matters because your entering trades at a price you see on the chart your broker will fill it at a diffrent price sometimes you get stopped out because your broker filled orders above or bellow your stop . Its more manipulation basiclly
Helloooooo👌🏿
I am trying to avoid making any new buys at this point in other not to get sucked into a bear market trap.It's tough making money in stocks when institutional investors are the driving force behind the selling.. although I read an article of people that grossed profits up to $150k during this crash, what are the best stocks to buy now or put on a watchlist?
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. that's why seeking expert advice is essential.
Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.
Please can you leave the info of your investment advisor here? I’m in dire need for one.
‘’Jenienne Miniter Fagan’’ is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment
Thank you for this amazing tip. I just looked up Jenienne, wrote her explaining my financial market goals and scheduled a call
Trading is Trading. Does not matter what we trade. It depends on what you are mastered on.
True, yet there is stocks and futures which is way easier to master compared to Forex.
I dabble in fx but what I like more about stocks/indices is that the fundamental analysis isn’t as hard to get a hold of. You can literally google «*TICKER* analyst rating» or price goal and you have access to professionals price targets and ratings to back up your technical analysis, imo it makes trading a lot more predictive and makes it easier to make good profits with little effort. When it comes to fx you need to analyze macroeconomics of two countries in relation to eachother and make a prediction on both to predict trend over time, and reading COI statement until your eyes bleed to find a legit broker, which is just a headache.
Stock trading is much easier
True
Forex is very complex
Tbh every successful Forex trader doesn’t give a dam about centralized transactions.
They trade what they see and make profit end of story.
AMEN 🙏 FX 4 Life
🔥🔥💯💪🏻
Forex is not for everyone, you already said it, the concept is the same.
Its defferent, the guy is right
Concept the same but the meat and potatoes isn’t
Forex is so much easier to predict though. Financial news (which is released all the time) typically has a big impact on certain pairs, and the movement of those pairs has a big impact on other pairs.
It's a very predictable market when you don't overthink it.
Some of the richest people in the world have made billions in the forex market.
It's not just for 23 year old RUclipsrs
Hii
Ig u need to play with rules to make money in forex its all about how much big u are. I know whales make large money in every market but in forex the number is high
He made millions without it. So neither opinions is better. Both ways can make money.
Isn’t this the exact same as crypto and stocks?
Everyone is invested in currency, you don't need to see the exact numbers to avoid manipulation. But that does make it harder on unskilled traders or people trying to go quicker than they could go with futures and stocks. The unpredictable manipulation really isn't that bad, and must be prepared for in normal markets as well since it occurs in every market from day 1. For most people, if you just want to make an average trader's salary - it does not matter what market you trade, pull $500 a day out of meme coins if you want. A good trader should always be comparing his/her own predicted numbers to the real numbers that show up, and make decisions from there.
I think the difference here is whether you're trading the CFD of stocks or buying/selling and owning the stocks (this is where there is buyer and seller involved). Therefore, it would be the same "type of trading" with Forex if you are trading CFD of stocks because we technically don't "own" the stocks/forex. We are just trading the movements.
But CFD's are actually happening decentralized , even though futures and options are done in index's those are happenings on the centralized exchanges where the actual volume is visible to everyone at the same time... but in forex the volumes are shown only from a specific broker not the entire of the world, for instance the EURUSD volume will be shown only from a specific broker...
@@readmycomment101😂😂😂😂 stop making me laugh even if you got the volume data there is no way you will be consistent profitable. If you are smart enough then you will know that most of future deravatives moves in a slippage formation in the correlation of expected volatility of an asset class in other words is like saying the future volume is useless and future market markers are price takers of stock in stead of price maker and they will quote them base on how they expect the volatility to be in future this why it explains why future contracts price are different based on expiry time plus if traders overwhelm the market the future market markers will have to hedge there position with real stock assuming they don't
Have partnership with the stock exchange.
dont trade if you dont own it, cuz stop loss is a scam
@@hkaniuguhow is stop loss a scam ?
@@EzeugwuChibuike-z1x because RR cant beat the market in a long term
Same thing I always say too…being able to see the ladder(order book) has made my trading so much easier and iv’e actually become profitable.
there is nothing like manipulation by a broker... if you dnt know how to trade you dnt....
True
It's a lie brokers can manipulate the market. I have confirmed this on several occasions.
@@princeanderson8066 bro u dnt know how to trade
Not true , some scam definitely manipulate the markets
I've been trading the fx markets for 15 years and I am just now learning by these comments there is a vast amount of people that seem to think it's a hard market to trade 😅 it's exactly the same as any other market. I'm a fx prop trader but have personal accounts for trading stocks and crypto, it's the same concept. It's all about understanding people
Brother which fx broker is good and reliable... In your point of view as you are an expert trader ❤
How much would one need to start trading forex, and how much would I need to invest to gain high profit?
Everyone’s missing the point he is making here. He’s basically saying that in forex there could possibly be foul play here where someone controls the market on a certain pair that has trillions of dollars that can manipulate the market a little bit to go one way and completely change or reverse a trend in their favor unlike buying contracts where you can actually see the price that individual people are paying for that’s centralized
Right , I agree with you 👍
I like the way you breakdown your tutorials
In summary it’s because he trades order flow. This isn’t possible with FOREX
Nothing a volume spread analysis can’t vix. Might not be real volume but the tick data is 90% accurate which is good enough
This is huge for me.. at a pivotal point where I’m deciding what market to start diving into
Thanks Umar 💯
Beginner should probably trade futures. You dont need 25k to have unlimited trades. Only downside is that there are commisions. Do your own research tho everyone is different.
@@coltonbradley9293 thanks Colton, appreciate the advice brother.
@@coltonbradley9293💯💯
Paper trade first (use past or future graphs). Cover graph with paper and see if you can predict
@@timclark428 Nice 👍🏾
My trade history enters the chat. Dont be scared of Forex people. Learn the pitfalls, execute trades with discipline and get the bag.
Blah blah
I agree
Where is your trade history
Forex is risk management. Greed is such a powerful feeling to resist..
@@sidneymwangi9696say you can't trade😂😂
At least he prove it and hit 22 million profit than a hundred traders with their fake full glasses on comment section. He's from Pakistan, an immigrant and he got my respect. American tax people would be very happy to have him. He's genius, Love from Indonesia
Tbh Forex is A LOT EASIER to understand and trade than stocks
Why so explain please
Rubbish, Fx prices are dependant upon the toughest intersection of commerce and Geopolitics and weather and energy. If you dont understand interest rate instruments your not making money trading forex, youre jus trading basics and noise. hint: 99% of FX traders are doing exactly that. Most newbie traders dont invest in their learning properly.
@@DEFACTO9 Exactly. The successful FX traders that I know make trading decisions by fundamental analysis and use technical analysis to figure out stop losses and take profits.
You're crazy... Easier to understand??
Wrong. Good stocks tend to go up over time. Forex doesn't have an up or down. It's all over the place.
Sir you are the best ❤
*Excellent !!! I really do have a question. For someone with less than $10,000 or Above to trade in stock market how would you recommend we enter into trading ? I am looking at studying some traders and copying their strategy rather than trading myself and losing money emotionally. I would greatly appreciate any suggestions*
I'm a beginner where can someone reach Mr Morris.
Trading as a beginner is quite stressful and discouraging but I'll linking up to your coach. This is useful info❤
Wow!!! I'm not shocked that you just mentioned and recommend Mr Morris. I learn and earn through he's analysis. Which speaks volumes about him
Mr Morris understanding of market indicators is impressive. He knows exactly when to enter and exit trade for maximum profit. He's signals are top notch
Haha, new comment for 2024 scam. Nice try 😆🤣
Trading is trading but money circulation is different.. one market can have more volume and volatility then others
Very true..forex is full of crooked brokers. (Broker manipulation) however, I used forex and its ridiculous leverage to grow my account and switch to futures.
I have the same plan bro.
What exchange you use to trade futures?
@SpnakoAss I use TD Ameritrade.
You mean the leverage is too much or too low? And what’s your leverage ratio
@yafriz not in the sense of too much or too low. More like unrealistic leverage from unregulated brokers like 1:1000 leverage. Having moved into futures. Deal more with your margins and required capital to be able to maintain your positions.
Just fund a way to make money,the concept is still the same (price action) so even though you see the transaction of other Traders it doesn't guarantee profit
Crypto traders left the chat
Crypto is closer to what he is stocks, than forex
You work for 40yrs to have $1m in your retirement,
Meanwhile some people are putting just $10k in a
meme coin for just few months and now they are multi-millionaires. I am adding multiple stop loss setting methods to all the complete system indicators what stop loss options do you want
i'm currently adding a
candle stop (high/low of last x number of candles)
ma stop (it sets it to an ema value you can pick)
the current one thats in place which is as per the gold shark strategy
an ATR stop loss where it sets it as a multiple of the atr
if you have other options you want to see let me know
this will be to go into the following indis
the shark
wave rider
trend rider
scalpers paradise
You give us always clear information. Thank you bro ❤
Yes
There are only two types of traders in the world. Find out which one your are. No 1: ... read more
haha.😭
As long as you've back tested what you're trading, the rest will fall into place.
Forex volume is over 7k billion $ per day. Not eversione can understand this figure, not everyone can trade Forex.
Trillion
@@Bt-cc8te 7k billion =7 trillion bro
The point is if it's not centralised, brokers could just "display" a price that scams you!
I get all that ego where it comes from "if your a trader you'll trade in any market" sorta ego... And to give you a perspective, let me challenge you into this - I'll set up a market, if you are a man, if you got two balls, deposit your real money with me and start your trading 🤡💀😄😂
@@Motivational-lf8zq I got Your point it is very clear and straight forward Thanks! I also agree that Traders should trade in any market or any asset is wrong, there's a lot of specialization in every asset. The true fact that FOREX is not centralized maybe turned as an advantage by experienced traders as: spread trading + triangular arbitrage + carry on trading, only possible on FOREX. Thanks for replying, I really appreciated.
@@Bt-cc8te read again :) there's a "k"
stocks is shit... requires alot of money plus the health of a company determines your financial growth which can be manipulated
It's the most liquid, sophisticated market. Degens can't like that
Options I feel you can get to it but forex you have to be laser focused to properly execute your edge.
This is kid... 😂.. order flow changes in milli seconds.. many orders are placed to manipulate market.. when ppl see the order and volume the take one direction and then the Godfathers changes the order flow
Bro has no idea of the manipulation of wall street
This man is making millions a year trading, surely he knows more than you...
@@ahmetm5480are u sure?
@@ahmetm5480 Well he says forex prices are different across brokers. That's a bunch of bullshit. I don't think this guru knows what he's talking about, lol.
@@ahmetm5480 he's a fake guru
Trading is not about forex, cypto or stocks.. it is totally about psychology and money management.. not matter where are you trading if you can control your psychology and master the money / risk management your are the winner.. 🍷
Order flow is only good for short term trading. Has no value in swing and position trading.
Forex such a hassle compared to other assets like options and futures
You should have just said the CFDs is hassle than future and options deravatives.
@@paulnyagini nope everything about fx is trash
@@Kloutkultureis only a trash if you don't make eny money.
@@paulnyagini never wasted time with it. Always looked trash. Futures move the market anyways fx is synthetic so why would I bother?
@@paulnyagini I never traded it man.
You can literally grow an account easier and faster trading options and futures than trading forex.
Which brokers are great trading futures?
That’s why I cringe so damn hard when people say they are looking at order flow or volume in forex… lol it’s completely controlled. Volume does not matter at all in forex. If you want to trade on volume concepts your best trades would be in commodities where those are true, real, tangible items you are trading.
Futures and options guy here. Chose to do futures over fx for a number of reasons. But wow that's wild. So if vol/order flow is an important part of your trading strategy - fx just isn't the game table for you. Thanks for sharing!
@@maderastuff Exactly :) I just wanted to throw that info out there and help someone. But yeah FX is 100% controlled. It’s a central bank dealing house not meant for me and you. And if me and you wanna play then we have to play as the customer in their storefront trying to predict the price of their commodity for today. Instantly when I see someone mention Volume as part of a strategy on FX trading I turn away because if they only knew the bedrock… they’d never touch it
u can't see volume in forex it's impossible because most transaction are made as derivatives over the counter between 2 parties . Most of fx transactions are hedging against currency . Most traders trades are bundled by their brokers and sent to the market maker aka the bank .The volume of FX is upwards of trillions per day
Seems you never heard of tick data. That’s what the volume spread indicator is for. It may not be 100% acc but 90% is good enough for me
You seem kinda unaware. Yea, the bucket shop (dealing desk) retail fx brokers mark up the quotes (no commission) which simply widens the spread and gives them the ability to shade the price and game their own accounts. So yea, sure, fx volumes are tough to get ahead of. However there are proxies for volume as well as the volume figures available from CME --> you can just use futures volume and reads. Actual traded volumes are purposefully obfuscated and concealed in almost every market, so there is nothing really unique about fx in that regard.
The problem is the brokers
Fuck forex and stock. Only love crypto because I made and crypto 200k dollars the last 6month for me is better crypto
Thanks Alot... This is the comment am looking for
I actually like trading currency but like buddy said as long as money is made it dont matter
Umar, Forex is not for the faint hearted. 😂
And this perspective is also as if Stocks exchanges don't manipulate the volumes.
Yeah, I think stocks are easily manipulated than forex
Full interview
To anyone watching this, just find your edge! Stocks, Crypto, Options, Futures and Forex. Find your edge, understand your psychology and learn how to technically/fundamentally analyze your market. Trading isn’t for everyone, personally I don’t want to be a surgeon. Point being a surgeon might not want to be a trader. If you’re doing this for money don’t. If you are doing this for passion go and get it ! “It’s not a race it’s a marathon” (:
dont lie to yourself and say its not for money...passion?? what is there to be passionate about? wow numbers moving very fast wow!!! green and red christmas colours!!!
Me trading crypto:
Saying there is no volume is total bs/ lack of knowledge. Volume on fx is calculated in ticks which is over 90% representable as the real transaction volume.
forex brokers are like gas station, you go to Shell, Chevron, etc. you get different prices, it's abvious
In stocks you cant leverage. You cant sell down.
To trade forex you gota be REALY good at trading.
How’s that different from options?
@@glendellthompson8363 Options is a way of doing business, it's not an asset class.
@@glendellthompson8363 He doesn’t know.
With how much money he started trading?
forex is the best way to trade due to having access to prop firms such as equity edge analytics, lots of capital for low prices
But it still makes money. That's most important
Thanks for sharing such valuable information! Could you help me with something unrelated: I have a SafePal wallet with USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). How should I go about transferring them to Binance?
Not everyone will get what he said until they start following the real money. It’s very much easier for forex to be manipulated by big institutions and bots. In stocks you can see the order flow time ans d volume and if you enter at the right time you can be unstoppable
Lol there is more volume in black pools than on lit exchanges, if there were not manipulation the capital would be democratized and no system has ever achieved or wanted democratization on capital, including the USA the largest crooked in the world.
😂😂😂😂😂😂
Find your niche, I believe every way he just talked about Trading you can learn to be profitable if you’re consistent and put in the time and effort🎉🎉🎉
Find your niche, all markets can make you or break you.
How can I get know how to trade in these markets
Why would you want to trade something centralised? That’s why crypto is so popular now, it’s de-centralised and the banks don’t have any control over it.
The because majority of forex brokers are derivatives. Thats the reason you cant see the order flow, it always get filled
All these avenues he speaks of for a Muslim are prohibited. Everything this guy does both Futures and Options and Forex. It's not even debatable. You trading something you don't own. Not sure if he is Muslim but just FYI to any inspiring youth.
You will be questioned for every dollar you spend and whom you spend it on. Don't go down the dark path.
Futures are best. And Alpha Futures prop firm is best for it
It not better that there is no centralized exchange? B/c of this, it is harder for more than 1 group to manipulate a market. Any one group that tries to influence a market will most likely carry more risks, right??
Correct and I ve proven this after my 5 year trading experience .thank u. This is fact ❤❤
The first two markets I was taught to trade is Ger40 which was Germany 30 back then and US30. Since then I've just always stuck with indices, I only trade Ger40, US100, US30, Gold/XAU/USD & occasionally BTCUSD. I've never understood Forex, the pips/position sizes and haven't cared to learn them either. Sometimes it's like watching paint dry as well
lol the forex market is too slow and boring. Except there’s a serious bullish/bearish.
But is safer to grow small account.
@@EzeugwuChibuike-z1x I agree it's much slower, another reason why I don't like it but I wouldn't say Forex is necessarily "safer". I think if you have good setups and a consistent strategy with an edge combined with good risk management, you'll do exceptionally well with indices. I literally only trade 3-4 things. Germany 40 primarily & I do very well mainly because of risk management and a profitable strategy.
Exactly US30 and Xau is mainly what I trade along with JPYUSD. BTCUSD is what I look at on the weekends sometimes if I want to take a trade since the others are closed
I don’t think this matters when you trade forex
forex is crap
And that centralized exchange manipulate everything
This guy trade Future with Alpha Futures best one out there
I'm one year trading forex now, and I started thinking it was the easiest market💀
Bro... 💀
How was your experience
This is the most difficult and toxic market in the wrld
10 years into trading forex and my journey has been beautiful
@@Ali_Capitals Why do you say that?
don't overthink it. Analyze the chart snd that's it 😂😂
Do you provide training
Why u guys never explaine people importants of Capital and how Long u guys staying and how much securing?
This dude is replying on being transparent. As in knowing exactly what's going on in real time.... 🎤 Drop
That's your opinion bro
A lot of bullshit
Wow. I didn't know that. ❤
Where can u see the live volume of trade
Forex market has more money then any other market look it😂😂up fam trillions of dollars
Exactly, the lack of REAL accurate volume is why I decided to pivot away I had to move away from it. My strategy depends on volume (specifically relative volume by time) so I just trade futures and options because the volume is accurate and available.
If your strategy only relies on price action, then you should be able to theoretically trade any market.
Forex much more difficult ..Forex is formula 1 ..stock market just like Nascar Cup Series Race .
🤔Unless your fundamentally sound, mentally tough and disciplined, it doesn't matter what you trade, you will not be consistently profitable.💰👀😃
In my opinion stock market is unpredictable sir .....I prefer forex and Winprofx broker
Forex is full of market manipulation by brokers, and what he's saying about centralized is true.
I trade forex but the truth is there's a lot of market manipulation in forex.
In reality, price differences between brokers are often due to varying spreads and transaction costs. This is normal in a competitive market like forex. What’s crucial is choosing a reputable broker regulated by official financial authorities. A reputable broker not only provides fair pricing but also ensures transparency and protects your interests. Using comparison tools and thoroughly researching brokers will help you find the most suitable one.
Forex is the best
None of these guys are real traders lol, all phony’s and fakers. They made their money talking about trading on RUclips and got paid like that.
Forex is my baby
Every market has its pros and cons. If i can buy gums for 0.1cts and sell them for 1€ thats profit. Like he said the concept is the same doesnt matter what you feel confortable with
When forex broker are ready for you😂 it will look like u never traded forex before, they will manipulate you and you keep losing your money, they don't follow general market price, your losses calculation is kept in the dark. Until you loss all your money, just don't try to recover your money because you will keep lossing
Bro is worrying about forex not being centralized and fees with different prices. In forex you can use leverage in stocks not. If you know how leverage works you can make a lot of money
He makes it sound like exchanges can chart whatever they want... That's not true. They get the data from the centralized banks in each country depending on what pair you are trading....
Being profitable is the most important so good on him if he don't like forex. Anyone struggling on his trading journey comment I can help :)
Just say I don’t trade forex not Concept cuz they all actually the same just different Ideas.
You don’t need to see it. All that matters is price action. Why would you need to see it especially if your trading is based upon volatility? It’s not like you can individually spot millions of transactions as it’s happening in a matter of under a second. This guy’s take is ass.
bruh he is lying you can track your every transaction (trade) in forex LMAO
Assalamualaikum Bhai Kya Option Trading Haram Hai Ya Halal Hai plss madad kare 😢😢
so is trading forex options the same as trading forex?
Who cares, its all about making profit
Basically he is saying he cant handle something that requires the use of brain
I will begin Forex very soon and planning to make money. We all trade because of money