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Does forex trading make sense for someone with a computer science background as a way to make money on the side?
I'd like to make some money on the side. I have a computer science background. I read the Wiki, but it mostly contained educational resources, whereas I'm wondering "does it make sense to trade forex in my position". I see three possible benefits of trading forex:
I trade forex and get some money on the side
I trade forex, get good at it, then program a bot that trades forex (not sure how profitable this is)
I trade forex and pick up some skills that are useful if I'm investing later on in my life (in tech companies etc.)
I'm trying to weigh trading forex against doing freelance programming work on the side as a way to earn extra money. Hence I arrive at my question: Does forex trading make sense for someone with a computer science background as a way to make money on the side? Is it worth it, given that I want to invest in companies later on in my life? Or should I stick to programming freelancing?
Why do people say forex trading is not profitable and you'll loose your money?
Like if you jump in directly obviously you'll end up blowing your account, you'll loose hell lot of money But if you properly study, practice,make a strategy you will follow Have a risk management plan,learn the market and basically just put it effort in it,why won't you be profitable You can't just jump into anything and expect to become a millionaire,you need to work for it Example becoming a doctor, No one can just go into an operation room and start operating,you need years of practice and experience Same goes with forex,but the reward might just be a little juicier Soo don't be disheartened by the 90% loose money And keep realistic expectations,you can't expect to earn 90k a day without putting in the effort So guys wish you all the best and just work hard and practice man Form a proper plan and just stick to it
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.
In the current world so many people is searching for cryptocurrency, bitcoin and blockchain. this is the very most popular topic for people who is in the field of trading and market. Here is the little bit description about cryptocurrency and blockhain by Kishore M. Kishore M is best forex trader in Singapore. He is expert in Blockchain, Cryptocurrency exchange. he is founder of Future1Coin, Future1Exchange, FoundersJunction, CrowdFundJunction, Championtradersacademy Cryptocurrency A cryptographic money (or digital money) is an advanced resource intended to fill in as a vehicle of trade that utilization solid cryptography to verify financial exchanges, control the making of extra units, and confirm the exchange of assets. Cryptocurrencies utilize decentralized control rather than brought together digital cash and banking systems. The decentralized control of every digital money works through circulated record innovation, regularly a blockchain, that fills in as an open monetary exchange database. Cryptographic types of digital money are systems that consider the secured portions online which are assigned similarly as virtual “tokens,” which are addressed by record areas inside to the structure. “Crypto” hint the diverse encryption computations and cryptographic systems that shield these areas, for instance, round loop encryption, open private key merge. follow Kishore M
The validity of each digital money’s coins is given by a blockchain. A blockchain might be a continuous developing analysis of data, called squares, which are connected and verified utilizing cryptography.Each square ordinarily contains a hash pointer as a connect to a past square, a timestamp and exchange data.intentionally , blockchains are naturally resistant to alteration of the information . It’s “an open, distributed record which will record exchanges between two gatherings effectively and during an obvious and changeless way”.to be utilized as a circulated record, a blockchain is generally supervised by a distributed system by and large holding fast to a convention for approving new squares. When recorded, the information in some random square can’t be adjusted retroactively without the modification of every follow square, which needs arrangement of the system largest share. Blockchains are secure purposefully and are a case of an appropriated PC structure with non-critical failure. Decentralized agreement has along these lines been accomplished with a blockchain. Fore more information follow the URL Kishore M
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance. Forex Trading is the process of converting one currency into another. Usually, you exchange money for a good or service. In stock trading, you exchange money for shares in a company. Forex is a portmanteau of foreign currency and exchange. Foreign exchange is the process of changing one currency into another currency for a variety of reasons, usually for commerce, trading, or ... FOREX.com is a registered FCM and RFED with the CFTC and member of the National Futures Association (NFA # 0339826). Forex trading involves significant risk of loss and is not suitable for all investors. Full Disclosure. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. Many people like trading foreign currencies on the foreign exchange (forex) market because it requires the least amount of capital to start day trading.Forex trades 24 hours a day during the week and offers a lot of profit potential due to the leverage provided by forex brokers.
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