Korbs is correct about futures and maturity as apposed to Forex. However there are for sure professional forex traders making a lot of money consistently
You can make consistent money in any platform of trading whether it's stocks, options, fx or futures if you have self discipline and accept losses with no bother at all then you'll be successful.
100%, but most people don't even know that forex means foreign exchange(currencies) and you can trade futures currencies. Another thing that most people don't even know is that when they say "I trade forex" through these mt4 and mt5 brokerages, they are trading CFDs. They just sound like idiots when they say "I trade forex, bro"
I have traded forex for 12 years and futures for about 2. But I can tell you I am heading more and more to futures and there will likely come a time I go to futures exclusively. Though I don’t use Korbs method. At the end of the day, trade whatever you want.
There is forex futures, so what do you really mean?you're moving away CFDs forex? forex(currencies) are an asset, while futures is a tool used to trade different assets.
Korbs is a great guy, I really enjoyed his Daily Profile show back in the day, even if I dont trade his method, there was lot of valuable foundational info he talked about
Hey Austin, please show Aaron the video that Lance Breitstein put out saying he isn't sold on the idea that people can be profitable trading futures. I think it would be interesting to hear his take on that on the next show.
Forex and Futures are completely different markets, why do people bother comparing them? Forex is for spot currency markets, Currency Futures are available but have almost no trading volume. The ES and NQ are popular Futures markets but have absolutely nothing to do with currencies.
@@adrian3373 Came here for this. I actually work at a major hedge fund on a macro desk specializing in fixed income and forex. There's plenty of alpha to be made with forex, these guys are just too stupid to realize and only see a small picture of what is a very large field. They know nothing about actual financial services and how institutional hedge funds and investment banks work.
@@adrian3373 Agreed. Ever hear how bad their "interviews" are when they talk to a real PRO trader. The PRO trader will give a long detailed answer and Korbs or Silver will respond with something like "thank you for that answer, that was amazing." Then they will ask a totally unrelated, often stupid, question, probably off some list they showed up with. No real conversation at all. I listen to them but the trick is to simply fast forward while they are talking and get to the PRO.
it's all about experience and knowledge. At the end of the day skills is the most important thing you need. I love futures but forex is amazing bro. You also can trade currencies futures.
Another thing that makes Forex better than futures is you can risk a percentage of your account. So you can risk one percent you can’t do that with futures
Forex Industry is lucrative if your in the business behind the scenes as a broker offshore in bahamas unregulated offer 1:1000 leverage to all the retail losers who will 100% lose their investments within the first month or 2.
Same as futures, only with forex 1:1000 you can start trading from 10cent a pip. Now that's how you leverage, leverage 😉. Also no platform fees, and get paid swaps for holding overnight. From a professional point of view these guys have no clue what forex is or the financial markets. By the way Futures is so limited I can't find any pairs/assets I'm trading on forex and if you find some of them have no movement due to the lack of volume. Futures is still a baby in comparison with forex. Look at the daily traded volume in Forex vs Futures lol. Baby 🐥 🍼 futures
First of all, you need to use correct terminology. You say Forex (Foreign exchange) but actually you mean CFD (Contract for difference) brokers. Trading Forex has nothing to do with trading CFDs. You can trade Forex either through the futures market or through the spot market where all the banks and institutions engage in currency exchange for their clients. CFDs are being offered as a cheap way to emulate the trading of nearly every existing asset class. There are not only disadvantages of CFDs vs exchanges or vs interbank spot currency markets. If you know your thing you should have no problem using CFDs vs futures for your trading…
Futures are NOT better than CFDs….with CFDs I can scalp the DAX GER40 all day long and only pay a 0.9 point spread per trade, no other fees, no round trip fees, no platform fee, no comms, nothing else. Just a 0.9 point spread per trade.
I disagree. I only trade Forex and It works well for me. I understand I am a passive technical trader. I rely on other people to push my position to my target profit.
Forex is unregulated it seems. The overall community of RUclipsrs trading forex also seems kinda sketchy like crypto. Broker names don't inspire confidence either. Oanda? What kind of name is that😂. Futures market seems well established and regarded
"More grownup"? wtf? Forex has a greater market cap than any futures market so what a ridiculous statement. I don't trade forex, I trade nasdaq and s&p mini futures. Another outrageous statement, "I thought it would be the death of forex". Buddy, seriously.
@@JoshuaBates01technically all markets --crypto, equities, forex --are manipulated…banks & institutions can see retail stop loss & orders …so they can easily stop hunt you out of your positions ..,but at least futures market has more data feed available to retailers traders
In my country, forex trading is not regulated, with CFD brokers without properly regulated, most of so called forex traders are here for ib program to make money. It's just a scam. Futures is only hope.
Its the same thing I could trade futures with forex smh Nas 100 is on forex the DXY dollar index gold oil ! pips ticks lots contracts sell put buy call !
This dude seems to lack respect for you as a professional trader. Idgaf about his resume, it’s obvious his upbringing led to him having some inability to navigate basic conversational respect.
I disagree that Forex is for children 😂. If you really know how to trade, you can take $20 in Forex to $100 and then $100 to 1000 and then 1000 to 10,000. You can’t do that in futures you need at least $500-$1000 to start out with. At the end of the day if you can trade, you can trade anything in my opinion. If you read Mark Douglas trading in the zone and just look at his videos you will learn that it’s not the market that makes a consistent successful traitor, or an inconsistent traitor. The problem is the traitors mindset doesn’t matter if you’re trading Forex, futures or options.
@@robynharrison6370 if the AutoCorrect on traders was the only thing you took out of that…. that’s pathetic. we use to beat those kids up at recess because they got on our nerves. 😂 always correcting people.
I use volume in forex! What a load of bull! Navin from urban forex trades forex and he heavily teaches about volume! He literally owns black tower investments worth 5billion usd!
There is no valid volume in spot forex. The only way to get true volume is to trade forex futures or be a big hedge fund that has access to market level data. Retail traders do not have that access.
Check out my new Free Futures Course: asfxtv.uscreen.io/categories/Futures101
Korbs is correct about futures and maturity as apposed to Forex. However there are for sure professional forex traders making a lot of money consistently
You can make consistent money in any platform of trading whether it's stocks, options, fx or futures if you have self discipline and accept losses with no bother at all then you'll be successful.
@@NycAgent47I agree but I find it a little juvenile to say forex is for clowns
100%, but most people don't even know that forex means foreign exchange(currencies) and you can trade futures currencies. Another thing that most people don't even know is that when they say "I trade forex" through these mt4 and mt5 brokerages, they are trading CFDs. They just sound like idiots when they say "I trade forex, bro"
I have traded forex for 12 years and futures for about 2. But I can tell you I am heading more and more to futures and there will likely come a time I go to futures exclusively. Though I don’t use Korbs method. At the end of the day, trade whatever you want.
There is forex futures, so what do you really mean?you're moving away CFDs forex? forex(currencies) are an asset, while futures is a tool used to trade different assets.
forex strategies that you know can you use to future trade or you have to learn over again i appreciate your answers to this question??
..apparently these guys don’t feel the need to respond ..
Korbs is a great guy, I really enjoyed his Daily Profile show back in the day, even if I dont trade his method, there was lot of valuable foundational info he talked about
Do that part 2 deep dive more into the differences and similarities in forex and futures as I am a forex trader trying to convert
Hey Austin, please show Aaron the video that Lance Breitstein put out saying he isn't sold on the idea that people can be profitable trading futures. I think it would be interesting to hear his take on that on the next show.
What a great interview! Thank you both!
This interview started off spicy 🌶️ 😅
whats the GJ, UJ equivalent in futures?
6j
Forex and Futures are completely different markets, why do people bother comparing them? Forex is for spot currency markets, Currency Futures are available but have almost no trading volume. The ES and NQ are popular Futures markets but have absolutely nothing to do with currencies.
They have no clue what the fk they talking about. From a professional stand point of view these chucks have no clue what the financial services are.
@@adrian3373 Came here for this. I actually work at a major hedge fund on a macro desk specializing in fixed income and forex. There's plenty of alpha to be made with forex, these guys are just too stupid to realize and only see a small picture of what is a very large field. They know nothing about actual financial services and how institutional hedge funds and investment banks work.
@@adrian3373 Agreed.
Ever hear how bad their "interviews" are when they talk to a real PRO trader. The PRO trader will give a long detailed answer and Korbs or Silver will respond with something like "thank you for that answer, that was amazing."
Then they will ask a totally unrelated, often stupid, question, probably off some list they showed up with.
No real conversation at all. I listen to them but the trick is to simply fast forward while they are talking and get to the PRO.
it's all about experience and knowledge. At the end of the day skills is the most important thing you need. I love futures but forex is amazing bro. You also can trade currencies futures.
How is spread in corrency futures in 1 to 15 min candle compare to forex ??
Volume profile has been around for ages...I don't know why this person is making such a huge deal.
Good Interview.
Is Korbs prop trading and what is his strategy around prop trading?
I believe he trades with TopStep. He was on the TopStep show recently.
Kyle Mooney and TJ Miller?
Fx is not for kids, although these Miami scammers are kids and they are unfortunately, destroying FX’s image.
Who specifically? Do you have a link?
Mamba , raja , lot of South Africans trades are scammers
Fx is the big boys game
@@musikmakerfan FX is for retail scammers
but it's also true there are tons of scammers out there
Another thing that makes Forex better than futures is you can risk a percentage of your account. So you can risk one percent you can’t do that with futures
just because the broker is regulated doesnt mean your money is safe and guaranteed with them. grow up people.
Nothing is guaranteed
@AustinSilverFX Very Simple Answer. Any explanation to why and difference?
ASFX joining your $10 a month channel what will I gain as a trader? I have traded forex, stocks and options. Also been looking into crypto trading.
I trade forex…how can I get started trading futures? We are talking about basics, I know nothing about futures.
Forex Industry is lucrative if your in the business behind the scenes as a broker offshore in bahamas unregulated offer 1:1000 leverage to all the retail losers who will 100% lose their investments within the first month or 2.
Same as futures, only with forex 1:1000 you can start trading from 10cent a pip. Now that's how you leverage, leverage 😉. Also no platform fees, and get paid swaps for holding overnight. From a professional point of view these guys have no clue what forex is or the financial markets. By the way Futures is so limited I can't find any pairs/assets I'm trading on forex and if you find some of them have no movement due to the lack of volume. Futures is still a baby in comparison with forex. Look at the daily traded volume in Forex vs Futures lol. Baby 🐥 🍼 futures
is there any older people that have been in the trading game for awhile?
older people? like how old ? lol im 44.. is that old? :D
@MrFreeze79 haha no. Maybe 55 up? Just seems like so many young people making flashy vids
check out my other podcasts. many trading legends have come on
First of all, you need to use correct terminology. You say Forex (Foreign exchange) but actually you mean CFD (Contract for difference) brokers. Trading Forex has nothing to do with trading CFDs. You can trade Forex either through the futures market or through the spot market where all the banks and institutions engage in currency exchange for their clients. CFDs are being offered as a cheap way to emulate the trading of nearly every existing asset class. There are not only disadvantages of CFDs vs exchanges or vs interbank spot currency markets. If you know your thing you should have no problem using CFDs vs futures for your trading…
These dudes are 🤡, your typical old cars salesmen selling you their bs to get rich
Futures are NOT better than CFDs….with CFDs I can scalp the DAX GER40 all day long and only pay a 0.9 point spread per trade, no other fees, no round trip fees, no platform fee, no comms, nothing else. Just a 0.9 point spread per trade.
Thanks for watching!
Forex market is not an option. Tell that to a forex trader making $100K per week. Still, a good discussion.
You’re making $100k a week with Forex?
I disagree. I only trade Forex and It works well for me. I understand I am a passive technical trader. I rely on other people to push my position to my target profit.
Forex is unregulated it seems. The overall community of RUclipsrs trading forex also seems kinda sketchy like crypto. Broker names don't inspire confidence either. Oanda? What kind of name is that😂. Futures market seems well established and regarded
wow - now you internet goons are just talking to each other.
Interviewers interviewing Interviewers.
Fascinating stuffs!
Killer flows, btw.
Thanks for listening!
"More grownup"? wtf? Forex has a greater market cap than any futures market so what a ridiculous statement. I don't trade forex, I trade nasdaq and s&p mini futures. Another outrageous statement, "I thought it would be the death of forex". Buddy, seriously.
my biggest regret in life is not starting in futures market sooner …forex market is completely rigged & manipulated against us retailers
Awesome!!!
I believe all markets can be rigged and manipulated even in futures as I have traded it
true ma g
How is it rigged? (I have never used it )
@@JoshuaBates01technically all markets --crypto, equities, forex --are manipulated…banks & institutions can see retail stop loss & orders …so they can easily stop hunt you out of your positions ..,but at least futures market has more data feed available to retailers traders
ahaha Korbs is a champ
In my country, forex trading is not regulated, with CFD brokers without properly regulated, most of so called forex traders are here for ib program to make money. It's just a scam. Futures is only hope.
Its the same thing I could trade futures with forex smh Nas 100 is on forex the DXY dollar index gold oil ! pips ticks lots contracts sell put buy call !
This dude seems to lack respect for you as a professional trader. Idgaf about his resume, it’s obvious his upbringing led to him having some inability to navigate basic conversational respect.
He seemed plenty respectful to me
You're calling people Clowns?
I’ve seen more forex millionaires than futures, wonder why’s that
Like that 1 guy on Instagram? 😂
I disagree that Forex is for children 😂. If you really know how to trade, you can take $20 in Forex to $100 and then $100 to 1000 and then 1000 to 10,000. You can’t do that in futures you need at least $500-$1000 to start out with. At the end of the day if you can trade, you can trade anything in my opinion.
If you read Mark Douglas trading in the zone and just look at his videos you will learn that it’s not the market that makes a consistent successful traitor, or an inconsistent traitor. The problem is the traitors mindset doesn’t matter if you’re trading Forex, futures or options.
*traders
smh ......
@@robynharrison6370 if the AutoCorrect on traders was the only thing you took out of that…. that’s pathetic. we use to beat those kids up at recess because they got on our nerves. 😂 always correcting people.
What a stupid title, he thinks he owns the only truth
Futures will go away with 24-hour markets.
I use volume in forex! What a load of bull! Navin from urban forex trades forex and he heavily teaches about volume! He literally owns black tower investments worth 5billion usd!
Forex is a rip off
There is no valid volume in spot forex. The only way to get true volume is to trade forex futures or be a big hedge fund that has access to market level data. Retail traders do not have that access.
@flashone2834 The volume that you're looking at in Forex is from your broker traffic, not the market (exchange) itself.
But do the clowns make money though.
I wish Aaron would have put on a backwards hat also...
lol
Korbs is the clown who interviewed ICT, i cant take this guy seriously...
Clowns!