Day Traders - where you at?
 

Anyone here making $ with Day Trading Currency?

never again, lol. and I broke even.

Ah damn, but at least you didn't lose so that's good.

a friend of mine got into it and claimed to have some early success; I did plenty of research and gave it a very serious, dedicated effort for about 9 months, but I couldn't get ahead in the long term. my friend, who wound up getting so involved with it he later began coaching others, eventually quit day trading due to "the fees eating up my profits." So evidently it wasn't profitable for him either.

I think the notion of any long term (year to year) profitability from day trading on a home pc over dial-up is just a pipe dream used to sell day trading courses. You're competing against firms with fast computers and algorithms written in C, with the hardware located as close to the trading floor as possible to minimize response times. Running TradeStation on a home pc via DSL/cable just isn't competitive.

A very good friend of mine owns a forex brokerage and he would show me all these accounts and how fast the brokers would just drain them. He told me in 20 yrs he's never seen anyone make any money. They all lose. That's why when crucifissio tells me he's day trading bitcoin and making bank I just laugh.

I day trade HSX.com

And I am still looking for a nice carribean location to build my hotel...I am going to barbados soon and then to stvincent&grenadines...

HODL not trade for me

well that's just dumb, are you for realz? :1orglaugh

we have a few options here:

1. you and/or your friends data is wrong or skewed and ya'll are absolutely retarded for believing it.

2. refer to 1.

:1orglaugh

Forgot currency - stick with stocks
This is todays results

https://i.ibb.co/djcMvJh/daytrading2019-09-18-gfy.jpg

Well , he is not far from true, FOREX is something where people mostly lose money. Tho, crypto is better due volatility paradox, where you can make money much faster.

You must be confused. I'm not talking about buying bitcoins. I like cryptos. I'm talking about FOREX trading which has crazy risks.

FOREX is a losers game. Like 99% lose money and if you give them enough time that 1% will lose it too. The only people that make money are banks and brokerage firms. He just hears currency trading and thinks cryptocurrencies not realizing FOREX is the biggest market in the world trading 5 TRILLION daily.

Day trading anything is hard. If it was easy, casinos wouldn't be in business.

Money trading is a long term thing to really profit. Not a day thing.

And you need a large amount that you can risk. Im talking 100K or more.

similar experience from my friend, 6 figures+, long term 1.5+ year no profits still not ahead. About your guy - you know what they say
Those who can do. Those who can't teach.

crazy :Oh crap

:1orglaugh:1orglaugh WTF are you talking about? Currency shifts maybe 5% over long times, and that is a LOSS.

Currency = daytrade
Stock = Long + daytrade
Options = Long + daytrade
Bonds = long

some people do longer term currency trades - days, weeks, months etc. It's not unheard of. I doubt if many are holding for longer than that, or if they are more likely not on margin at a brokerage but just in a bank account somewhere.

Yeah they have currency options and agricultural options (corn, soybeans, soybean oil, soybean meal) etc.

Might not be unheard of, but its the dumbest way you could possibly invest

If you have an investment of 100K or more you can make some money in a day. if you dont you cant. you need to sit and wait for a big drop or a big gain. Thats in the weeks and months range not hours and minutes.

For instance.

today the mexican peso

Day Low
19.4106

Day High.
19.4146

See that HUGE day difference?? No you dont.

Now look at the year

Low
18.5033

high
20.6574

that is a huge difference. With that, you made bank.

I love volatility trading, but you must be able to sit at the box all day and keep cool - I can't do it.

WTF? 10% a year if you are lucky.. How can you call that huge? Most pensionfunds here pay you more than that, at NO risk. Unless you can make at least 30%, you should not be in the game

where on earth are you located? if true, that is a fantastic yield!

Denmark. Company called Sampension is the best with an average of 12+ a year

Invest half a million or more.

thats what I was saying to begin with. These guys putting in 1k even 5k its not worth it. You need to move big money to make it.

Again, it nothing. Pensionfunds pay more than that.

I'm just a day dreamer . . .

I have a mate in Sydney who does it for a living (with one of the big banks).

I'm an options trader myself - love it.

Dave