A question for those who are making money on forex. - page 8
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Familiarize yourself with the name of the resource, especially as it relates to the presence of words similar to TUTOR, GURU, LEKAR... etc.
This is to the question of finding the appropriate type ofA here...
IMHO, the content of the resource screams for itself - as the saying goes: "Seek and it will be revealed to you".
P.S. Don't forget to share what you find with the forum community, not only in this thread but in THIS thread as well.
Good luck!
Yes, I've already looked at these threads - what more do you need, study and learn.
Thanks for the reply and for wishing me success!
For anyone who has forgotten where it is, dare I point out - see the text in the left corner in the red rectangle...:-)
Those who wish to get urgent answers to their flood questions that are not related to the subject of the resource, feel free to contact the appropriate service - they will help.
For anyone who has forgotten where it is, dare I point out - see the text in the left-hand corner in the red rectangle...:-)
Here, if you compare forex with other markets, it should be noted that forex is the most efficient market, which is basically a consequence of its high liquidity. And that means that it is very difficult, I would even say almost impossible to earn in such a market, especially in the long run. Are there any people here, who have been steadily earning on forex for, say, 3-4 years? Just to be clear: arbitrage on non-market quotes does not refer to earnings, because this is not market trading, but simply stealing from the DC's pocket. Someone here is discussing this topic, hoping that something will happen to him in terms of arbitrage on ECN. I'm afraid he will be disappointed, there will be no free money there because trades are executed at real market prices.
And the fact that the allegedly stockists are less competent than the forex-forex-dtshniks - this is bullshit. They do not know how to calculate prices, they do not even have a clue about price formation. There are also lot fanatics, who seriously think that lots give them some kind of advantage... There are also those who see non-market spikes or delays in quotes by brokerage companies, and think they have earned money on Forex...
Of course you can't put everyone in the same bracket, but I think it's obvious that the percentage of literacy of people who trade on the real market (the exchange market) is incomparably higher than among those who trade in a sandbox (dealing center).
Meat:
...I absolutely agree. The practical knowledge of stockbrokers is far greater than that of their currency counterparts. Stockbroking is a real discipline to be taught at institutes. I should note that, in my previous post, I meant something else. It's just that, as you correctly noted, forex is a much more efficient market, which means that you have to come up with extremely sophisticated algorithms and trading tactics, and that develops.
... Forex is a much more efficient market, and therefore we have to devise very sophisticated algorithms and trading tactics, and this develops.
That's for sure, good training for the brain. Plus, there is another important factor to consider - the availability of automated trading. After all, thanks to the efforts of metaquotes the writing and implementation of algorithms for forex trading became quite simple and accessible even for dummies. Now everyone is writing in MQL. But the creation of MTS for stock trading - is a more complex matter that requires both more skilled programmer (poor built-in language qpile, I think there is no point in considering it), and more time.
For example, I have several ideas implemented in MQL, that have good results of testing in stocks or futures (in particular futures on RTS). But it is unprofitable to trade them via brokerage companies due to excessive spreads and commissions. And I still have not got time to rewrite everything and connect it to QuickBooks :)
... After all, thanks to the efforts of metaquotes, writing and implementing algorithms for forex has become quite simple and accessible even for ... ...valenki. ...
Well, that's an exaggeration. They try to write, yes. But few people, a few percent of all users of the terminal, write correctly, even in Quaternary.
Previous successful practice in any of high-level languages (preferably C) is something like a pass to MQL4. For most of the rest it is an unbearable problem.