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@  happyjas : (15 September 2020 - 05:19 AM) :rolleyes:
@  traderpusa : (15 September 2020 - 03:34 AM) also still here lol
@  happyjas : (14 September 2020 - 11:20 PM) :P
@  Dyabolus : (11 September 2020 - 09:49 AM) yes
@  dth : (10 September 2020 - 08:55 PM) anyone here?
@  Rumred : (26 August 2020 - 11:28 AM) 2minute strategies
@  equipebr : (22 August 2020 - 01:13 PM) repaint
@  kalc : (20 August 2020 - 11:05 AM) @nkotb6 nope, no need
@  traderpusa : (17 August 2020 - 01:13 PM) not yet, perhaps next year
@  nkotb6 : (14 August 2020 - 02:46 AM) Has anybody switched to trade the futures market?
@  PrabuddhaEdge : (12 August 2020 - 09:37 PM) hello
@  Nathan55 : (10 August 2020 - 11:19 AM) option strategy
@  kalc : (08 August 2020 - 04:10 AM) @BOedge its a very easy switch mate
@  BOedge : (05 August 2020 - 02:29 PM) nice to see you again STILIOS. Yup, screen time, research [ie here on BOE], more screen time, practice, patience, a plan, proofing the plan and then sticking to it. I'll be in touch some time to pick your brains about the switch to FX. Not now, not ready.
@  devhie : (04 August 2020 - 06:36 AM) good night
@  palex2005 : (03 August 2020 - 03:42 AM) EMA
@  STILIOS : (02 August 2020 - 11:28 AM) Have a nice and profitable week Guys !!!!!!
@  STILIOS : (02 August 2020 - 11:27 AM) After all those years of trying and working i came out in a conclution and is simple..Trading needs knowledge - Pateince - Discipline in order to succeed ofcourse not in a couple of years ....
@  STILIOS : (02 August 2020 - 11:24 AM) @BOedge my friend it was a big challenge for me also to start work on Forex also but i never regret that till now
@  STILIOS : (02 August 2020 - 11:22 AM) We should never forget where how and who healp us to start from ...





Photo

options vs spot FX

Posted by gamb.t , 02 July 2020 · 477 views

this is just a reflection of my experience over the years in the forex markets...

a bit of background...i graduated from university with a BS in financial economics during the global financial crisis...i started my career in international logistics...was laid-off after 2 years of work...so i decided to try to swim with the sharks in forex...
during my first 5 years of trading options & FX...i blew every account i opened...it amassed to a total loss of over $50,000...i was drowning...i was suicidal...i was becoming hopeless...
i have learned so much along the way...thousands of hours of screen-time...through trial-&-error...
i even met a retired forex trader...he gave me the best advice...that still helps me to this day in the battle of the markets...
he told me to never give up on my dreams...& to focus on my psychology...sound mind=sound body...& vice-versa...the universe is all inter-connected somehow...
i always knew there were successful people out there playing the forex game...the far & few...but how...

i started to realize over time that half the battle was within myself...it came to a point of all-or-nothing...to become a trader or die trying...

options is by far simpler than spot FX...i trade options exclusively now...while i'm still learning the spot game...
here is the most basic way to look @ any transactional market...when a person walks into a starbucks, most likely that person will buy a coffee...some people will walk in to use the restroom or wait for a friend & not purchase anything...but most people...we can assume...will purchase something when entering the cafe...

as over-simplified as this may seem...it works in the forex markets as well...when price is moving upwards...most people will buy...when price is down...most will short the markets...

with this mind-set...combined with years of technical analysis of price-action...i have been able to earn a handsome living from options...

there is no set strategy that will provide 100% accuracy...the mind & body needs to adapt to the markets...

playing no-limit holdem poker has also helped me in my trading...i'm addicted to poker just as much as i am to forex...
its all about risk-management...those who can manage big risk will be at the top 2%...those who cannot...will be working for someone else...the game is not for everyone...

i guess the lesson here is theres a way for even retail traders to earn a living from these unforgiving markets...there is not one way to trade...but actually many different methods & styles...depending on the persons personality...

peace for now...& happy trading...





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