Quote:
Originally Posted by Carl Johnson
so what's the biggest differences between trading forex than say trading equities except you can do it 24 hours a day?
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one person can't manipulate the price and sucker you in. you don't have piece of shit ceo's of bs companies pumping their junk up just to have it sink and your left holding at a price that it'll never get to again. best time to trade eur/usd would be 11 pm to about 8 am which kind of sucks unless you only trade for 2-3 hours make your money and go to sleep. news tends to really screw with you when it comes to forex....brokers usually make the spread 10pips which on 1 lot is about 125 bucks Canadian so you really need to be out before the news if your just scalping. oh and the other thing thats different is for reasons that make no sense there can be HUGE spikes up or down which will take out your stop loss and retrace back to where it was over and over again lol. and that could mean thousands lost within seconds for no reason.