A place for redditors to discuss quantitative trading, statistical methods, econometrics, programming, implementation, automated strategies, and bounce ideas off each other for constructive criticism. Feel free to submit papers/links of things you find interesting.
Ask Forex: how much did you lose before you started trading successfully?
Hi, newbie trader here and so far, im down £270 and still dont consider myself profitable. Though i can tell I'm heading in the right direction :) Follow up questions; Did you ever consider quitting? How long after did you break even? Thanks
Stocks vs Options vs Forex vs Futures to develop an algo
Guys, this post is kinda long, so if you want to jump to my question just skip the first 5 paragraphs. I have been trying to develop algos to make money on the stock market. Some have shown huge gains, only to be f'd by the bid ask spread afterwards. In addition, it is complicated to obtain bid ask data for free. What I did was to use present values of the bid ask (from yfinance) and assume they were always like that. Additionally, I had to use only daily prices (open, close, low, high) and assume I would make an action exactly at open or close. I had some algos who worked OK under these simplifications. But I don't trust them. For instance, at open the bid ask spread is higher. Also, the assumption of the constant bid ask spread may be very wrong. I have thought about buying historical data. I found historical data of the Russell 3000, by 30 mins, with the bid ask, since 2009, for 500 dollars. And have thought about buying it. But I am still unsure whether I should buy it. First I want to try other things. I have started to think about learning other types of trading types, such as futures, options or forex. They may have different pros and cons. And maybe better data (for free). So the aim of this post is to know which trading would you recommend and/or what are the pros and cons from each. Which one can give the highest returns with algos? Which one has more free data available? For example: the data by minute, or the bid ask. (forex maybe?) Which one would I have not to worry so much about the bid ask spread? Small bid ask Which one has more data? I will assume stocks, since forex does not have that many exchanges compared to the number of stocks. And more important, which one do you recommend from personal use?
my brother keeps asking me for money for (i’m assuming) trading/forex and i don’t know if i should stop giving it to him
a while ago my brother started asking me for money, it wasn’t much- $100 here $150 there. i always assumed it was because he was living paycheck to paycheck and needed a little extra $, which made no sense to me because his job pays quite well, and he lives at home. then i overheard him talking about stocks and how many shares he’d bought that day and then it was starting to make sense. he always gives me my money back no later than a couple days, and he’s quite reliable, so i’ve always trusted that he was going to give me my money back anyway and i didn’t question lending him money since he always made good on it. plus he’s my older brother and like i said, extremely financially reliable so it was a no brainer. but recently he has upped the amount and asked me for $700, which i sent him no problem. and a couple days later he asked if i could send $1000, and asked if i wanted to make an extra $100. he saw i was skeptical so he explained that it was a money-back guaranteed competition or something. he has never ever explained what he needed the money for before this -not that i ever asked- but this time it was almost $2000 so i guess he knew he had to explain. at this point i already figured out what the money was for so i asked if i’m getting my money back whether or not he makes it back. he gave me his word that i’m not losing any money, in fact i’ll earn $100. not that i would ever risk $1700 for $100 but like i said i trust him so i sent it to him. now i have no doubt that he’s gonna give me my money back, that’s not even the issue, but i’m moreso worried that if i keep giving him money no questions asked, i might be enabling him in some way and might just be fuelling his trading needs. i’m sure he’s responsible in how he does it, but you just can’t be too sure where there’s money and gambling involved. i (very clearly) dont know much about trading so i’m not even going to bother asking him, but i just don’t want him to get into a place he can’t get out of all because i lent him money the second he asked. should i cut back a little? should i just let him do his thing? idk if the question even makes sense but i guess i’m not sure if I’M even being financially responsible.
Hi guys, I am studying the first chapter from Hull's Options, Futures and Other Derivatives and I have a question regarding bid and ask on forex - See pics attached I understand that the quote; USD/GBP trading at x, means that you need x GBP to buy 1 USD, as USD is the base currency. Given that, shouldn't the underlined sentences in the picture, be in GBP instead of USD ? i.e. As the bid is 1.5541, shouldn't that mean the bank is prepared to buy USD at the rate of 1.5541GBP? What am i missing? It might be a trivial question but I am completely new to finance. Thanks for the help! https://preview.redd.it/41av4uyqt8951.png?width=1232&format=png&auto=webp&s=ac1e59287c7b97ca3ce6f551ccd3d06a9bac85d2
Forex Broker for Beginner (Yes, I've read the overview materials; asking about "next steps")
I am looking for practice before I plunge my money in. In looking at the list of suggested brokers here, I tried OANDA. The practice they offer is helpful. What is not so helpful is that all of the terms they use are different from all of the reference sites and material I have. It would also help if they had more support (like a glossary) as Forex is so much different from the (minimal) investing I've done before. This is a hobby for me and I've learned a lot at OANDA, but it is frustrating to constantly having to decipher each action in addition to having to create models for the actual trading. I'd rather avoid signing up for, just to try out, a half-dozen sites.
A review on a book subtitled “America love in god, heal America”. The author claims it is an international best seller on their Instagram page. I found it when looking at the author’s comment on a forex scam account asking for tips in “investing”.
Day trader since 2011 (equities, Forex, crypto) , feel free to ask questions, here to help.
Hey guys and gals experienced daytrader here, i have decided to give some helping hand to community, giving 5 to 10 minutes a day to answer some questions if anyone needs a helping hand. I have been trading all three major retail markets since 2011, Forex, equities and crypto. If you have any questions in topics related to trading in general, or any of those markets specifically feel free to ask. Or you can also check blog with some outlined topics related to trading, and the markets above in general: https://www.tradethematrix.net My primary focus is heavily research oriented approach to markets (quantitative analysis), finding specific structural / orderflow setups that can be executed with edge over many repetitions, using fundamental and technical price analysis approach. High priority focus in high amount of executions and extraction of edge trough many repetitions, using primitive machine learning approach to learning and trading in general. If you have questions such as how to scale positions, suggested literature, research questions, how to learn fundies etc...ill by giving my best go to answer it.
Night Profit 2 ea not trading very well, I'm new to forex trading and asking for help!
hello everybody, this is my first time on Reddit as I can't find any help on setting up night profit 2, on the store page its says 95 percent profitable trades but I'm just not getting it I've been backtesting on mt4 for the past couple of hours and I'm only at 50 percent. I am very new at this and I use OctaFX for my broker. tia.
The bid ask spread for most pairs is considerably larger during the three hours immediately after the New York session; Always check the bid ask spread before placing a trade; I hope this lesson has helped you to better understand the Forex bid ask spread as well as when to take extra care and watch for larger-than-usual spreads. In forex, a spread is the difference between the bid and ask prices. Explore examples on how bid/ask spreads work and learn how to trade with ThinkMarkets. International United Kingdom Australia Germany Spain Italy Indonesia Malaysia Poland Greece Vietnam Czech Latin America South Africa U.A.E Thailand Brazil Chinese Traditional 语言 简体中文 THE ASK INDICATOR WORKS ON THE PRINCIPLE OF A FULL PRICE ANALYSIS, THEREFORE IT DOES NOT DEPEND ON YOUR EXPERIENCE AND YOUR KNOWLEDGE The ACK indicator gives an accurate signal, due to the fact that it determines the set of the most powerful and relevant conditions, in order to accurately determine where the price will go in the right time The built-in analysis of the candle impulse ultimately ... In forex trading, currencies are always quoted in pairs – that’s because you’re trading one country’s currency for another. The first currency listed is the base currency; The value of the base currency is always 1 ; The Bid and the Ask. Just like other markets, forex quotes consist of two sides, the bid and the ask: Helpful hint 21 Questions Beginners ask before starting Online Forex Trading The first step to start online Forex trading. First learn then find the brokers here. What is Forex or FX first of all? Foreign Exchange is a market where currencies are traded internationally.
Welcome to FXTM Trading Basics, the second part of our short forex trading video series. FX Guru and FXTM Head of Education, Andreas Thalassinos kicks things... Understand how to deal with Bid Ask spreads in trading forex. Learn how to factor in the bid ask spread when placing trades in forex trading These are essent... A brief demonstration on calculating the cross rate between currencies, when dealing with Bid - Ask Quotes Get more information about IG US by visiting their website: https://www.ig.com/us/future-of-forex Get my trading strategies here: https://www.robbooker.com C... The bid-ask spread refers to the width of a stock or option's bid and ask. The tighter the spread, the more liquidity there tends to be. As spreads widen out...