TyB
Think about this way…everyone and their grandma has been calling for it for how long?
In 2008 they dint and the feds went out of way to tell you it was “contained”.
Then BOOM
They will allow it for about 2 days of bigger down day otherwise they risk margin calling each other and that starts the feedback loop of selling.
They had the Friday “ we’ve had the 10% correction” story so even though most eco indicators are worse than in 2008 and deteriorating-everything except housing prices roughly. Those GDP #s are a complete fantasy but people believe it coming from “experts”
Not against that “paper trading” to learn basic mechanics but you make completely different decisions when it’s real money. Never use a market order and the downfall of most day traders is when they find the “enable options trading” button.
And don’t play with leverage especially in FOREX unless you don’t like sleep
Retail trading lags anywhere from 5-10 seconds as a rule of thumb(as a built in lag and if you are a big boi you can pay big bucks to collocate your server in the same room as the exchanges) moar if you have shitty inlet.
Once you get comfy and realize you will always be reacting you can still scalp and make $. You must have 2 things defined before entering any trade….an entry and exit point. You may leave some on the table but if you stick to that (always things you must adjust to during day of course) you can do it
However having said all that now is not the time to be learning this. They trade in milliseconds and a lot of it isn’t even visible on a common chart.
>RRN
and the “get some Iraqi dinars” sounds exactly like Nesara/Gesara bullshit that started over 20 years ago