This is an open community for every type of day trader whether if you're beginner or expert. The purpose of this subreddit is to share trading experiences, trade reviews, knowledge drops, market news and generally anything related to trading. We will be mainly focused on day trading US equities but will not be limited swing trading, crypto or forex.
While trying to day trade forex, I seem to predict the right outcome, but jump in to early and my stop losses get wiped out before the big move is made. Any help on converting to swing trading? Is it just taking less trades, larger stop losses etc... Thanks
Hey guys , what do you think is the best discount broker in Canada for swing trading forex and equity markets in Canada. I tried wealth simple but it doesn't allow forex or short selling. Other seem pretty expensive to me charging close to 5$ per transaction.
I've played around paper trading, read a couple books, and lurked a few forums for a while, but I'd like to start live trading in the mornings. I unfortunately do not have the $25k to put into trading yet, especially with the possibility of losing quite a bit while I'm still learning. I have about 5-7k I can bankroll, what would you recommend I start with? Less than 3 trades a week? Futures? Swing trading? Forex? I personally like the idea of Forex for now, but I have no knowledge there so I've been looking at different forex classes like the one from Investopedia. Thoughts?
[New York] The Pandemic Unemployment Assistance is a once in a lifetime opportunity!
I don't know the expenses for many people here but this is a great opportunity for new investors. My backstory: I was a sophomore in college until I took a break or semi dropped out to learn how to invest in forex and stock trading 2 years ago. Now fast forward to today I am 24 years old, I work at whole foods and because classifies as an essential worker I am eligible for hazard pay. $10+ in addition to my original hourly pay rate is $25/hr. I already get $600-$760 from the pandemic assistance. All this money is going into my investment portfolio. I purchase stocks on Robinhood weekly ( I have a list of dividend stocks to invest in longterm). I swing trade forex which is a huge profit maker. I was up $200+ a day in a single trade. The point I am trying to make is this pandemic speed up my wealth growth. My stocks pay monthly to quarterly dividends (that is continuous income), forex, and my part-time job at whole foods will definitely bring in good money. I am very optimistic about the future! I hope all of you are using those checks wisely. Take the time now to learn marketable skillsets because if we go through a similar experience in unemployment, how will you survive the next crash?
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How many day trades can you execute? I been trading stock but I’m only to 3 day trade and sick of tired of daily swing trades.. is there a limit or none? I’m new to forex, any information is appreciated and thanks in advance
Swing trading Forex is what allowed me to start Daily Price Action in 2014. Without using this style of trading, there is no way I’d have the time to maintain this website. On average, I spend no more than 30 or 40 minutes reviewing my charts each day. Spending more time than this is unnecessary and would expose me to the risk of overtrading. Swing trading is a fundamental type of short-term market speculation where positions are held for longer than a single day. It can be used to trade in forex, futures, stocks, options, ETFs and cryptocurrency. Swing trading strategies can be used on a range of instruments, including ETFs, Futures and all CFD instruments, including, stocks, Forex, commodities and even indices. In the Forex market, swing trading allows traders to benefit from excellent liquidity and enough volatility to get interesting price moves, all within a relatively short time frame. What is Swing High Trading. When trading from a swing high you are looking to sell short and make money when price reverses back lower. An example of this is when price is moving in a downtrend, you look for a retracement back higher into a swing high and then you go short with the trend. Forex swing trading strategies. This strategy is good for any currency pairs & any time frames. Choose the best entry, exit method from your trading experience. Avoid signals within high impact news time. Use good money management. Practise in the Demo account until you get self-confident.
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