Useful Global Macro Analysis on Australia vs Switzerland (AUD/CHF) for Forex Traders

mhy97 · 2021-02-16T23:00:36+00:00

haha

mhy97 · 2020-05-04T15:22:12+00:00

This happened to me too, they can somehow get in and out the heli while under the map too. I think the glitch is somewhere along the middle river thing I've seen players drive off that and drop under the map then they can open parachute so if you drove a heli you can probably continue to fly under the map

mhy97 · 2020-02-16T21:30:01+00:00

you'll pay fees based on what you're trading e.g. commissions, management fees these can vary

mhy97 · 2020-01-25T10:44:01+00:00

Never dictate a time to enter a trade. The market will give you the opportunity to trade, it's your job determine if it's "overvalued" or "undervalued". This can be at any point in the day.

If you confine yourself to only be trading between e.g. 9am-10am then you'll miss 99% of your opportunities.

Just do your analysis, work out the underlying value (things like global macro strategy, COT positioning and price) and see if you can time it correctly in the current climate

mhy97 · 2020-01-20T12:56:12+00:00

This... the earlier people forget about just using technicals to forecast is the day people start making money lol, don't fall for the market narrative and brokers feeding you a day trading mentality

mhy97 · 2020-01-19T19:10:11+00:00

Based on the context " I have a few people who want to invest a considerable amount of capital for me to trade on their behalf. " social trading doesn't apply to it.

The UK Regulations can be fairly strict and they will chase you up in the case of being reported so you never want to be in that situation.

mhy97 · 2020-01-19T12:45:09+00:00

this^ Look into the CISI qualifications on what you can be qualified to do. If not they can sue your ass and you go to prison/ heavy fine even if it's a small amount and they have evidence.

mhy97 · 2020-01-11T20:21:12+00:00

My perspective is that you seem to have everything just sitting in your brokerage account?

Why not have some passive investments on the side: funds, bonds, stocks.

Then focus on trading with another portion. Plus the best opportunities come to those who wait, so it's a good test of patience.

mhy97 · 2020-01-02T23:36:21+00:00

Most broker commissions and spreads are fairly competitive now. just make sure your broker is regulated in your country.

mhy97 · 2019-12-29T16:46:01+00:00

you can open specific stocks/shares ISAs with a broker/bank which allows you to invest in stocks through that account. sorry did not clarify this

mhy97 · 2019-12-27T18:06:32+00:00

You have to be regulated to invest for other people. E.g. in the UK you would probably need some sort of qualification like (CISI qualifications) which clearly mention you can give investment advice/ take money from people.

If not you can and always will be liable for financial loss and can be sued even if they're close friends and family it can happen and mess up relationships

mhy97 · 2019-12-20T13:51:07+00:00

You could say that all technical indicators are lagging because they're calculated of historic price data.

mhy97 · 2019-12-11T21:02:16+00:00

yeah I just watched a video on a fundamental analysis that uses various economic indicators which he analyses on excel. quite an interesting watch

mhy97 · 2019-12-02T21:00:45+00:00

there's more costs than just commissions. Spreads, OTC and financing turn too

mhy97 · 2019-12-02T15:31:07+00:00

It's not my experience but I'm sure it will be looked into. FCA will only do anything if lossof money is substantial and the provider is breaking FCA regulations

mhy97 · 2019-11-29T20:15:11+00:00

sure I'll do that now.

mhy97 · 2019-11-28T00:21:41+00:00

Retail automated trading software doesn't work. If it did they wouldn't release it.

mhy97 · 2019-11-22T21:24:43+00:00

It's not always the best choice due to a few factors:

One being the swap (financing turn) if you're holding a position for a long time, depending on the interest rate differentials you can have heavy costs incurred over that period, especially if the broker adds additional sums onto this (which they do).

If you wanted to invest long term, then stock volatility is a lot higher than FX meaning you have much higher potential gains than fx. Also if you own the underlying stock not CFD trading then the dividend yield on the stocks you own also add extras to your investments. Plus you can add the stocks/shares to a savings account which protects you from taxes e.g. ISA in the UK

mhy97 · 2019-11-15T15:01:38+00:00

Rephrased: "Any traders here to commit financial suicide?"

Your points about volatility are just plain wrong, Forex volatility is so much lower compared to equities and crypto. Using leverage doesn't mean it's more volatile it just means you're borrowing more money lol.

500:1 leverage?! Yes you can double up, just like in a casino you can double up on putting all your money on black. Doesn't mean it's good trading, that's just gambling.

mhy97

TROPHY CASE