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 Forex (FX) Definition and Uses

Forex (FX) Definition and Uses

/r/Forex Trading Community

Welcome FXGears' 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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Forex Trading Advice, Tips, & Rumors

A community to discuss your latest forex trades, tips, rumors, and advice.
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All About Forex Price Action Trading

Trading Forex doesn't have to be complicated. In fact, it's best to keep things as simple as possible. That's why price action trading was a great fit for me and is becoming more popular every day. This community exists to discuss Forex price action trading to include, price action strategies, key market levels, trade setups or anything else related to price action trading. Feel free to join the conversation!
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Anyone know how forex is taxed in Ontario?

Just wondering if anyone who lives in Canada, specifically knows how forex is taxed in Ontario? :)
submitted by muniherbs to Forex [link] [comments]

Do you guys think forex is a scam?

just wanted the general opinion of people my age(and a few 50year pedos,I see you Bethany with a 8year Reddit account and a 13age flag)
If you think it's a scam pls explain as well
submitted by whyislifelikethis__ to teenagers [link] [comments]

Trading forex is like playing the piano

But half the keys are rigged to explode if you play them
submitted by muchi21muchi21 to Forex [link] [comments]

Forex is all about the rules, follow the rules while the profit follows you, simple!

Forex is all about the rules, follow the rules while the profit follows you, simple! submitted by Clinton_thegreat to Daytrading [link] [comments]

Forex is not for retail traders

I still can’t understand why retail traders are involved in Forex. It’s not their place and should not be in their interest. Forex is the foreign exchange of currencies, which is the business of big companies that shuffle around money. There is no technical structure in Forex and all movement in short term is random and long term is based on fundamentals.
Why do retail traders keep thinking (day)trading forex can ever be profitable?
submitted by lrsi_ to Forex [link] [comments]

Can anyone explain what forex is?

submitted by TonsOfFaces to AskReddit [link] [comments]

After calling out his friend for turning $10k into $36k in two weeks. I got a DM from this “professional”. Then I checked the mega thread and saw Forex is usually an MLM. I didn't say anything about anyone's mom.

After calling out his friend for turning $10k into $36k in two weeks. I got a DM from this “professional”. Then I checked the mega thread and saw Forex is usually an MLM. I didn't say anything about anyone's mom. submitted by pacmanfan247 to antiMLM [link] [comments]

Forex is Trash

Forex is Trash submitted by pokifaniscute to SelfPromotionYouTube [link] [comments]

The game of forex is a psychological warfare and here are some tips to excel in it. #Forexwinner #analyticalskills #losingtrade #tradingplan #forex #trader #tradingtips #traderpulse

The game of forex is a psychological warfare and here are some tips to excel in it. #Forexwinner #analyticalskills #losingtrade #tradingplan #forex #trader #tradingtips #traderpulse submitted by traderpulse to u/traderpulse [link] [comments]

#Forex is more of a psychological endeavor than technical difficulties and so experts in forex often speak about the winning #mindset. Read more to know about the ways to handle your #stress. https://wetalktrade.com/7-best-ways-to-handle-trading-stress/

#Forex is more of a psychological endeavor than technical difficulties and so experts in forex often speak about the winning #mindset. Read more to know about the ways to handle your #stress. https://wetalktrade.com/7-best-ways-to-handle-trading-stress/ submitted by Wetalktrade to u/Wetalktrade [link] [comments]

Forex is live

Forex is live submitted by Etor_ to u/Etor_ [link] [comments]

ILPT Forex is a SCAM & is BULLSHIT

Don’t fall for it, don’t waste your time or money because you will get scammed.... now have a nice day💯
submitted by ohfourbaby to IllegalLifeProTips [link] [comments]

Conversation with a catfish that tried to convince me otherwise, as soon as forex is mentioned it’s fake

Conversation with a catfish that tried to convince me otherwise, as soon as forex is mentioned it’s fake submitted by jwicks3599 to CatFishPolice [link] [comments]

Lost around 26k USD so far in forex. Is it not for me?

Hi guys,
It is a sinking feeling to know that I have lost around 26k USD in forex till date. This is almost 12% of my current net worth so it is SIGNIFICANT. I understand most retail traders lose money in forex, so shall I pull out of it?
submitted by Hxn1234 to Forex [link] [comments]

Is this a scammer trying to convince people that paying for forex is not a scam? 😂

Is this a scammer trying to convince people that paying for forex is not a scam? 😂 submitted by pete1397 to Scams [link] [comments]

If Forex is not a sure thing, why are people still doing it?

Hi Guys
So I am A newbie in this I’ve been learning for 2 months since the lock down started in my country (South Africa). Ive been enjoying it so far.
I’ve been wanting to get into forex trading for a very long time but there’s a lot of things that have put me off it. I decided to bite the bullet since I’d be having all this time on my hands and decide to learn it. I have nothing to lose yet. But I see so many people hoping to gain some sort of life from forex trading cause it’s all they have left in a situation where their backs are up against the wall. They aren’t expecting to get rich from it but to just have a decent life from it (like I am) but I see sooo many comments of how difficult it is to even just make it a tad bit which worries me as well. I’ve seen people in it for so many years and they are still no where close to the consistency of where they’re hoping to be.
My question is, why are you all still in it despite having been in it for so long not seeing the results you hoped for. What keeps bringing you back and trying again?
I thankfully have a mentor who shares his signals with me but I know there will be a time where I’ll have to go at it alone... which worries me. I understand my psychology has to be run like a tight ship to be able to handle this industry but what is the healthiest amount realization do you have to hold on to. Because you can be all tight ship in your psychology but isn’t there also a thin line between confidence in your strategy and then being delusional??
I look forward to your response.
Keep well and stay safe during these times.
submitted by Entrepreneur_Girl to Forex [link] [comments]

Can someone explain how forex is a scam? I mean the people who flood their accounts with it, the recruiting aspect of it?

Quickly
submitted by RibBreaker3000 to antiMLM [link] [comments]

antiMLM | Image | "Forex is a new one. Don’t worry though, it’s not a pyramid scheme and just an MLM because “they sell a product, not a scam.” The product? “Knowledge.”"

submitted by ToR_archivist to ToR_Archive [link] [comments]

What are the most unregulated forms of investing? I know forex is pretty unregulated, but does anything top forex? I don’t know much about options or futures, but I assume options are pretty regulated, am I wrong? I feel like futures would be pretty unregulated, but I’m honestly just guessing here

submitted by doofusspeed to investing [link] [comments]

Hop on the money making train!! Forex is a good skill for everyone to learn.💸

I’d love to have some of you join an upcoming opportunity call with my 6 figure mentor. The grind starts with proper mindset, and surrounding yourself with people who know more than you do. Knowledge is power. Don’t miss out on a free opportunity to learn the art of making a second stream of income. Hit me up if you’re interested, I’d love to bring you in to the forex game. Let’s make money together!!
submitted by npitt13 to moneyontheside [link] [comments]

SPONSORED: 10 Reasons why Hot Forex is Zimbabwe’s most used forex trading platform (Reviewed) || The Southern Times

SPONSORED: 10 Reasons why Hot Forex is Zimbabwe’s most used forex trading platform (Reviewed) || The Southern Times submitted by moneyshouters to u/moneyshouters [link] [comments]

Forex is mentally getting the better of me. Do I quit?

Hello everyone.
I apologize for barging into this one with an irrelevant topic.
I hope someone can give this a read and an honest reply as I really don't have any clue to who I can talk about this.
I'm a 23 y old who was fortunate to have a mother save up some cash over the past years to get me started once I finished university with a balance of 5000EUR. I worked for about a year, spend money, save money. At the end of the year, getting me around 12.000EUR. I got into forex after an advert that I read about a brokerage that has high swaps but freely helps you manage your account and helps you make trades.
I put in 200EUR, and fairly quickly I started to see it grow by 10EUR per trade. The hype was on, and my broker suggested me to move to 1000. I listened and I dumped another 1000 on it (because I would receive an amazing 1000EUR credit on MT4) putting my balance at 2500 something. Now the trades were going up by 100 and I was on Cloud 9... Not so long after that, my broker came with an amazing Idea "THE RISK FREE TRADE DOCUMENT" I was very suspicious at first. But in the end I followed him because I didnt really have a reason not to so far. "Put in 3000 and withdraw within 2 weeks and we cover any losses". So I did it. I know have an account with 4500EUR of my money in.
So far, every trade, that this man made on my account, turned positive. But for one main reason, he doesnt use stop loss. Fast forward to the end of the contract. I still have an open position. Its pretty bad, -8000EUR in BTC. But some excuse is made up and apparantly he made a mistake causing the contract to be invalid. So far my account is on +20000EUR so it would suck to lose it. Confident as he is that BTC will go back up we leave it sitting there. More trades go by, and slowly we start indeed recovering the -8000.
Fastforward
The attack on OIL reserves drives USOIL up immensly, my broker buys a big lot and in 1 trade we make 15.000EUR profit. Im shaking. Dont know what to do. I asked multiple times by now to withdraw some money to my bankaccount. But due to open trades (the -8000) the financial department refuses.
Fastforward
We open a trade on sell on NAS100. The trade goes into buy direction. 1K loss, 2K loss, 5k loss, 10K loss, 20K loss (as my account is still positive, he holds on to the point that it would be a shame to throw away all the money by closing the trade, which we worked for so hard, so we leave it open.
... 40.000 loss, and my account is officially in negative margin, big panic from my broker HE NEEDS MONEY, A NEW DEPOSIT, AT LEAST 5K AND I RECEIVE 10K CREDIT he says. Scared as I am, and still convinced that he really knows his trades I follow him. From my 12K initially in my bank, I have now 9000+ in two accounts, because that way ( he says) im always able to withdraw. ( the 10K credit has been provided do account 1 to keep it in positive margin)
- Account 1: balance 40.000 credit: 20.000 open trades: -55.000
- Account 2: balance 5.000 - -
Fastforward to last friday. Another trade goes south and to save everything he wanted to do exactly the same. Again I listened, as he told me I can "withdraw this whenever I want and need to pay bills this or next week" I cough up my last 3,500EUR I saved up extra until now.
I have 900 left in my account on the bank. Its now monday, I need to pay bills this week, the trade position that went bad actually recovered and broke even with swap, and STILL he asked me to wait once more to withdraw the 3.500EUR until tomorrow morning.
- Account 1: balance 40.000 credit: 29.000 open trades: -55.000
- Account 2: balance 8500 - -
The last months were extatic, but especially very depressing the last weeks. Im starting to feel incredibly ashamed "did I fall for a sleek salesman?". "What will my girlfriend say about this?" "Can the situation still be saved?" "Can I actually withdraw from my second account?" "What if my account goes negative now?"
Experts, should I just close each and every open trade, take the 5000EUR loss and recover the other 8000EUR? I really dont know if my mental can take these fake promises any longer, in the hope that it recovers. The thing that haunts me the most is explaining to my mrs. She knows about the initial 4.500. Not the other 8000.
Thank you some much for your time.
submitted by ItsTommyV to Forex [link] [comments]

Investing Basics: Forex - YouTube Lesson 1 - What is Forex and how does It work? - YouTube Forex Trading For Beginners (Full Course) - YouTube Basics of The Forex Market & Currency Pairs - YouTube What Is Forex? SIMPLIFIED - YouTube

Currencies are traded on the Foreign Exchange market, also known as Forex. This is a decentralized market that spans the globe and is considered the largest by trading volume and the most liquid worldwide. Exchange rates fluctuate continuously due to the ever changing market forces of supply and demand. Understand basic forex terminology. The type of currency you are spending or getting rid of, is the base currency. The currency that you are purchasing is called quote currency. In forex trading, you sell one currency to purchase another. Founded in 2008, ForexLive.com is the premier forex trading news site offering interesting commentary, opinion and analysis for true FX trading professionals. Forex: Get Live Forex Rates on The Economic Times. Find latest Forex News and Updates, Live Currency Rates, Currency Convertor and more. Forex is a portmanteau of foreign currency and exchange. Foreign exchange is the process of changing one currency into another currency for a variety of reasons, usually for commerce, trading, or ...

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Investing Basics: Forex - YouTube

https://www.robothousetrading.com/welcome I understand that people get excited about trading Forex, making money, living their dreams, etc... But the reality... This a video explaining what forex is and how I got started in the 5.7 trillion dollar market I hope everyone enjoys. if you're interested hit my dm on insta... Too often new traders come into the market without getting to know the most fundamental components of foreign exchange and how currencies work. So we decided... 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... VIP EAP Mentorship Program - https://eaptrainingprogram.com/video-sales-page Time Stamps: What is a pip? - 10:40 What is the value of a pip? 27:00 What is le...

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