Forex is slightly different as can trade with a leverage so, you can in theory buy/trade $10000 dollars of a currency for a lot smaller amount of equity. Where shares you usually buy a share at face value and hold on into it. Shares are a lot longer investment, unless you buy in to iPos. Most share buying is long term investment. Where forex you can make profit every day.
All financial markets have a unique personality. This is true of different FX pairs as well. I trade ES and CL futures and I have a different strategy for each. What works with CL does not work with ES and what works with ES is impossible with CL.
ComebackKing posted: All financial markets have a unique personality. This is true of different FX pairs as well. I trade ES and CL futures and I have a different strategy for each. What works with CL does not work with ES and what works with ES is impossible with CL.
True; but I am using only Price Action trading strategy for all of the Forex pairs including Gold.
yaa right there are many sources to learn from which are available for free. Engaging yourself on trading forums also help you learn a lot apart from courses on fx on babypips and some youtube tutorials.
See trading is something that’s similar for every field, however if you compare stocks and forex, do watch out for the big volatility difference between the two. No same strategy will work for both these markets, so be careful. The concept behind stock market and forex is completely different.
there are thousands of stocks while there are few currencies to trade in the forex market in stock trading, you have to research a lot. But in forex, once you understand the currency patterns, it is just a repetitive automation job to trade them. you have to buy stocks in order to sell them. But in forex trading, you can sell currency pairs even without buying them it takes a lot of time to get good profits(200–300%) in stock trading. While in forex you can even earn millions in a matter of time (provided you know how to do it) your stocks would rarely go below zero. But with forex you can go negative or bankrupt within a matter of few seconds. :)
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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Past performance is not indicative of future results.