jenmyers58
New member
Stocks are so much easier to trade than forex. If you watch Oliver Velez who makes his money “trading the open”, you’ll see that he plays the market GAP every time.
If you don’t know the rules about gaps, they always get filled.
Plus… if you know a thing or two about candlestick patterns, these market gaps usually turn into a “piercing” (gap down), “dark cloud” (gap up),
or what Oliver refers to as… “power surge” (continuation) pattern by the end of the day. Those candlestick patterns makes it a whole lot easier to anticipate which direction the market will likely go to.
Forex, on the other hand… you’ll be lucky if you can spot these patterns. It’s that hard!
Stocks also have “level 2” where you’d see big players buying and selling… In Forex though, you don’t have access to information where you can see big banks buying and selling. And who would want to trade against the banks anyway?
Forex does not trend the way stocks do. You can literally hold a long position in the “indices” and you’ll walk away with money in your pocket days later. If you don’t know that by now, S&P and other indices only go one way. UP!
In Forex, most of its instruments are mainly in a range market. When you think the market is trending, it does not. And when it’s not trending it goes… and never come back.
Long answer short… Stocks and its gaps are easier to trade… period!
Oh wait…. Forex is harder
If you don’t know the rules about gaps, they always get filled.
Plus… if you know a thing or two about candlestick patterns, these market gaps usually turn into a “piercing” (gap down), “dark cloud” (gap up),
or what Oliver refers to as… “power surge” (continuation) pattern by the end of the day. Those candlestick patterns makes it a whole lot easier to anticipate which direction the market will likely go to.
Forex, on the other hand… you’ll be lucky if you can spot these patterns. It’s that hard!
Stocks also have “level 2” where you’d see big players buying and selling… In Forex though, you don’t have access to information where you can see big banks buying and selling. And who would want to trade against the banks anyway?
Forex does not trend the way stocks do. You can literally hold a long position in the “indices” and you’ll walk away with money in your pocket days later. If you don’t know that by now, S&P and other indices only go one way. UP!
In Forex, most of its instruments are mainly in a range market. When you think the market is trending, it does not. And when it’s not trending it goes… and never come back.
Long answer short… Stocks and its gaps are easier to trade… period!
Oh wait…. Forex is harder