Welcome FXGears' Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /Forex is the official subreddit of FXGears.com, a trading forum run by professional traders. FXGears.com hosts and moderates our chatroom, and has developed such tools as the chart bot you'll find available in chat.
Trading Forex doesn't have to be complicated. In fact, it's best to keep things as simple as possible. That's why price action trading was a great fit for me and is becoming more popular every day. This community exists to discuss Forex price action trading to include, price action strategies, key market levels, trade setups or anything else related to price action trading. Feel free to join the conversation!
Should I invest in this company to learn forex trading?
Recently one of my friends that is equally into trading gave me a link for this company he has been practing with. Before I heard about this company I just liked picking his brain and having a back and fourth with him about what to do next etc etc. But I'm getting some bad vibes, ok so the company was just formed right? So I understand if they are a little new and don't have everything figured out. But certain things are seriously freaking me out.
YOU HAVE TO have a referral from someone you know, this is weird because they give you money the more people you refer, so if this is how they are making their money 1 sounds like an MLM, when will they stop focusing on trading and instead just focus on what their business is about? (This could be legit but I am very careful when it comes to MLM)
When speaking to the presenter, they never asked if anyone wanted to ask questions with a Q and A and just left a few of my questions unaswnered even though her presentation was all about how they answer questions and their course is awesome because its interactive…. so… that's a little sus.
They are offering trips to Mexico and things like this, which I actually like but I am also a little werieded out by, I feel like they might be using this as a crazy tactic.
So its only 20$ which isn't that much, however they don't accept things like PayPal or Venmo so they would have my actual information if I sign up for them, now is 20$ worth giving them this? What can they actually do with it… also is 20$ worth the knowledge they are going to give me? hmmm…..
What do you guys think about this? Have any of you actually been successful in not getting formal training?
I’ve been trading stocks here and there by using tips that I’ve learned off of countless hours of internet research and YouTube videos. My friend got interested in Forex trading because his friend said he made $1k in a day. I don’t believe in buying courses and I’ve told him that but he’s getting convinced on this because his friend bought a $300 course and uses some Forex program and ended up making that $1k a day. We are all 20 so $1k makes our mouths water, but my friend has absolutely no experience in any sort of trading. I know that most trading gurus make a lot, if not most, of their income from selling information so I don’t buy the idea that paying for a course will somehow have an impact on your trading abilities. I decided to join this Forex subreddit to see what any of your thoughts are. I’m pretty new to Forex as well so I’ll be sticking around just to learn. tldr; my friend wants to buy a course to learn Forex but I don’t think it’s a good idea because all the info is free on the internet. Thoughts?
Forex trading in the UK Taxable or not? Really need to know this once and for all.
Hi there, I could really use some help here. I day trade using IC Markets (I believe they are Australian), Raw Spread account. I withdraw money from IC Markets every other week, maybe GBP 1,000.00 (now I am getting the hand of it), however, overall, I am still very much down.
Do HRMC see this going into my bank account, do they then, see the total loss I have with my deposits to IC Markets and my withdrawals or only look at the withdrawals I am doing?
The big question, is this taxable, is day trading taxable in the UK, I know there are three areas you can fall into, however, how do I know what area I fall into. Additionally, when does it get to the point I need to file a tax report (if I do?).
Is there a broker out there I should be using that means I do not have to pay tax, everyone mentions spread betting, but I just contacted IC Markets and they do not do spread betting. Can you please let me know all the information and your thoughts as I beyond confused on all of this and really could do with some advice.
I have done so much research on the topic and do not have an answer yet.
ٱلسَّلَٰمُ عَلَيْكُمْ وَرَحْمَتُ ٱللَّٰهِ وَبَرَكَٰتُهُ Before I get into the main question, I just want to clarify the reason I'm asking for individual views, is because this is supposedly a "grey area", and that means there will be a lot of difference of opinion, and of course, with these things everyone will have their own opinion on it based on their research. Now I've done a fair amount of research, asked those who do it for a living, Muslim and Non Muslims, some of those Muslims are not practicing, some of them are, some of them are even Hafiz, so I would say I've asked a rather broad spectrum. The reply I get from almost everyone is along the lines of "if you know what you're doing, it's like any other business, similarly if you jump in blind without any knowledge or experience, then it becomes no different to gambling". Another point people raise is, "if it was Haram then why do brokers offer Islamic/Shari'a compliant accounts?", and "it's not classed as gambling by law in any country, that's spread betting (which is untaxed, where in the UK it is taxable income as it's not seen as gambling)" The reason why I'm asking now personally is because I've spent a lot of time and money working on/with algorithms, tested and trialed a lot of different methods to remove this "gambling" connotation as much as possible, and feel like I've achieved a satisfactory result. However, I've recently seen videos where it mentions that since there are no tangible assets behind this, and it is just purchasing contracts for whether this currency/stock will rise or fall, it becomes Haram. So where does that leave me and the other Muslims who have been depending on this for a living for many years? Have we been earning Haram all this time? I have constantly prayed for Allah to grant me success and wealth (since we're not a well off family by any means at all) mainly so I can help my parents. Now that I'm starting to see success and progress I don't know how to handle it Islamically. is this progress and income a blessing from Allah? Or am I just thinking that it is when I have been wasting my time. For further clarification I have not been earning any interest, and have been giving regular donations to charity and the local Masjids. Jazakallah Khayr.
With no deal on the cards, not many would have gone for a #GBPbuy. But we did it against the #Euro and scored a quick 30 pips profit. We are the masters of #shorttermtrading. Get the #freesignalsapp now. https://traderpulse.com/forex-trade-signals/#pricing
#Gold is our bunny. It does exactly what we want it to do. Don't believe us? Then here is proof of 115 #pips scored in just a day. https://traderpulse.com/forex-trade-signals/#pricing Do you want more proof? Then reach us here. https://direct.lc.chat/6835931/1
Are you looking to make 20-30 pips a day in the #FXmarket? Then download this cool #signalsapp. We post 2 signals a day for 20-30 pips profit. Here is our recent endeavor in #EURJPY where we scored 30 #pips. Get it now. https://traderpulse.com/forex-trade-signals/#pricing
Just wanting to double-check. This is for short-term trades. A CPA told me I don't need to enter the profit/loss for each individual trade, and all I need to do is enter the total, either a gain or loss for that year, into the appropriate section in my tax software. I had read earlier from an online source that you need to fill out form 8949 and Schedule D. So do you agree all that's required is the total, or form 8949 and Schedule D? Edit: Okay I think I understand now. By default, it falls under Section 988 and is taxed as ordinary income/loss.
Enjoy the amazing consistency of our #Signals. Here is a recent trade in which we scored 25 pips in #NZDUSD. It's completed free. So, check it now now. https://traderpulse.com/forex-trade-signals/#pricing
Hi Everyone, i’m not sure if this is the right thread (i’m new to this thread) for this, if it isn’t then i apologise (it’d be appreciated if you could let me know threads that are more suitable for this issue!) I’m in need of some help and this thread seems the most suitable to go for. i’ve got a question for y’all. Personally i don’t know much about trading and how it works. A few weeks ago this random user added me on a social media platform, essentially we’ve talked on and off for the past few weeks however this user keeps coercing me to invest in the same market as they are investing in. I’m pretty sure that it might be a scammer. The user often sends photos of their “trading” earnings, showing earnings of around 200,000 USD per day (investing around 500,000, so the return 40%). Like to someone who knows nothing about trading that sounds absolutely insane and impossible. Anyone got any comments on this? Is it really possible to earn that much in a timeframe as short as one day? Any help is appreciated 🙏🏻🙏🏻
Pentru cei care sunt sau au fost in bransa, sau pentru ce care cunosc fenomenul, merita investit timp(la inceput pentru studiu) apoi bani? Ma refer ca part-time job Inteleg in mare conceptul de trading, nu l-am studiat in amãnunt, nu am studii in domeniu. Astept pareri fondate, povesti de succes si/sau esecuri, exemple, cifre, etc. O seara faina!
Are you disappointed in the #forexmarket? Then get our #signalsapp where we precise levels to enter and exit. Here is our recent performance in #AUDUSD where we made 24 pips in a day. It's completely #free, so try it now. https://traderpulse.com/forex-trade-signals/#pricing
Anyone doing little forex trading? I’m curious how much of the not allowed is allowed.
I see in terms it’s not allowed. But curious if I can bounce few K back and forth over the week or month without setting off any alarms. Anyone doing it? How much/often? I see Revoult gives a near perfect rate match while most forex brokers have 0.4 spread on the RUB which is nearly my entire profit interest on a weekly move.
#Daytrading at its best! We entered just at the breakdown and scored an easy 39 #pips in #EURJPY. Want to #trade such setups daily? Then get our #Signalsapp. It's completely free! https://traderpulse.com/forex-trade-signals/#pricing
I’m 19, a college student and interested in starting Forex trading.
I recently got interested in making my money grow more especially during this pandemic. I have always wanted to start forex trading ever since I started investing (mutual funds) at 15 years old but I knew the risks were too high for me at that age. Could you guys recommend me free tutorials maybe on youtube (if they’re recommendable) or some free resources found online? And maybe tips and tricks of your own? Also if possible, I’d like to know some sites where I can trade for a minimal starting price since I’m only a student. Thank you very much and happy trading! :)
The only thing you will have to do is to enter the trades you have executed and the relevant result. With this Forex Trading Journal Excel Template, you can finally keep track of your every trade. You can improve by reviewing your trades and understand what your real statistics are. To put this into perspective, the U.S. stock market trades around $257 billion a day; quite a large sum, but only a fraction of what forex trades. Forex is traded 24 hours a day, 5 days a week across by banks, institutions and individual traders worldwide. Unlike other financial markets, there is no centralized marketplace for forex, currencies ... A forex mini account allows traders to participate in currency trades at low capital outlays by offering smaller lot sizes and pip than regular accounts. more Forward Market Notably, forex offers a transparent trading environment. Everyone has access to the same economic data, a fair trading price is guaranteed and since the forex market is decentralized, no single country, body, or corporation can control the market. Invest in Forex with Trades.com and pick from an extensive list of global currency pairs. Trading foreign exchange on the currency market, also called trading forex, can be a thrilling hobby and a great source of income. To put it into perspective, the securities market trades about $22.4 billion per day; the forex market trades about $5 trillion per day. You can trade forex online in multiple ways.
The ONLY Forex Trading Video You Will EVER Need - YouTube
Continuation trades have been my most profitable trades to date. This tactic must be part of your game. You do not want to miss out. Beginners Video - https:... Discover proven Forex trading strategies that work so you can beat the markets in 2020 and beyond. 👇 SUBSCRIBE TO RAYNER'S YOUTUBE CHANNEL NOW 👇 https://www.... If you learn this one Forex pattern, you will be better off than 90% of all other traders your competing against. This simple strategy is the difference betw... The ONLY Forex Trading Video You Will EVER Need THIS QUICK TEST WILL HELP YOU BECOME FINANCIALLY FREE Take it HERE: https://discover.tiersoffreedom.com To jo... Too often new traders come into the market without getting to know the most fundamental components of foreign exchange and how currencies work. So we decided...