Forex, stock market, crypto which one is the best ?

[Anon101637]

Hi guys it's the autismgenius here Alexis Autotte basically I came here to ask a question about your experience of investment what are your thoughts about the best market to invest. Basically, it's since 6 months and more that I am learning Forex on a demo account and I really want to start investing now and risk my freedom and retire young and build my business system so I can buy my software engineer books or computer books to build software. From my own opinions I feel like Forex is a really really good market because it has lots of liquidity but with crypto with the volatility you can make lots of money with scalping and day trading too. I plan to trade in 5 minutes timeframe because this is where you can make the big profit $$$ but I understand that it can also be risky. I haven't been much on stock market because why I don't like stock is because

1 - The market is not open 24/5 like Forex
2- There's lots of fundamental analysis which can be apply only on the stock market in my opinion

So my answer would tend to say Forex and crypto are the best bet for profit making but I would be curious to know your thoughts about your knowledge of investment and also what broker you guys would recommend FXCM seems to be a really good bet.

 

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[MJ DeMarco]

The best investment is your own business which is value based. Seems like you've missed that important concept and instead want to gamble and deal in arbitrage activities which affords you little control other than trading hours and buy/sell decisions. As such, I have no answer for you. Good luck.

 

[socaldude]

You see, in these markets its hard to define or clarify your VECTOR. What edge or value are you actually reallocating?

 

[Anon101637]

The best investment is your own business which is value based. Seems like you've missed that important concept and instead want to gamble and deal in arbitrage activities which affords you little control other than trading hours and buy/sell decisions. As such, I have no answer for you. Good luck.

But wait I don't understand you said in your book Fastlane that investing in stock market is only for the rich to stay rich isn't it right that's what I understood so I guess the best thing to do is improve my software and computer system knowledge and this is where I can build a business that provide value and touch a lots of people but at the same time you need to risk capital in your business but how can you gain capital fast if you have a job ? There's like blog, youtube that can also touch lots of people

 

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[Anon101637]

You see, in these markets its hard to define or clarify your VECTOR. What edge or value are you actually reallocating?

What do you mean ?

 

[socaldude]

What do you mean ?

In other words most people fool themselves.

 

[Anon101637]

In other words most people fool themselves.

Yeah ok MJ is definitely right I have complete trust in him because like investment is mostly for consumers and producers are innovator, creators and people who provide value I feel like you have way more probability to become rich with a mobile app or website of sport brand than to become rich based of forex and crypto is really really risky and you really need a business that provide value that gives you control and abundance. I really hate the tips of financial advisors I feel like I have been fooled my entire life and I hate this even my parents fooled me I just don't know anything anymore I don't understand anything.

 

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[Mathuin]

View: https://www.youtube.com/watch?v=r_58zPgArb4


Watch this video from MJ and read The Great Rat Race Escape .

I traded Forex from 2018 - 2020 as my main hustle. I just lost money.

The chances of you being some autistic genius who can get 500% annual returns and trade like the guy from 'Limitless' is slim to none.

Develop a skill, sell skill, use money & knowledge from that skill to launch Fastlane business that follows CENTS.

For example MJ's path from $900 was:

Work as Limo Driver and discover need in the Ground Transportation industry --> Learn Web Design/ Development ---> Sell Web Design Services to businesses ----> use money and skills from Web Design to launch Limo Lead Gen website (his Fastlane business)

 

[Anon101637]

View: https://www.youtube.com/watch?v=r_58zPgArb4


Watch this video from MJ and read The Great Rat Race Escape .

I traded Forex from 2018 - 2020 as my main hustle. I just lost money.

The chances of you being some autistic genius who can get 500% annual returns and trade like the guy from 'Limitless' is slim to none.

Develop a skill, sell skill, use money & knowledge from that skill to launch Fastlane business that follows CENTS.

For example MJ's path from $900 was:

Work as Limo Driver and discover need in the Ground Transportation industry --> Learn Web Design/ Development ---> Sell Web Design Services to businesses ----> use money and skills from Web Design to launch Limo Lead Gen website (his Fastlane business)

Man you don't know how much you help me I feel like I was going to do a mistake and with my autistic tendency it is a struggle in more I have way more stress than average people so yeah I feel like I should perfect my computer knowledge and buy some books or read some blogs or documentation about computer things online and focus way more on the internet because like MJ says in his book internet has created more millionaire and multi-millionaire than before because internet you can touch a lot of people globally I got to find a problem and a need to help people and find a way to solve it

 

[Anon101637]

Man you don't know how much you help me I feel like I was going to do a mistake and with my autistic tendency it is a struggle in more I have way more stress than average people so yeah I feel like I should perfect my computer knowledge and buy some books or read some blogs or documentation about computer things online and focus way more on the internet because like MJ says in his book internet has created more millionaire and multi-millionaire than before because internet you can touch a lot of people globally I got to find a problem and a need to help people and find a way to solve it

WAIT THAT'S IT WHY NOT CREATE MY OWN TRADING MOBILE APP LIKE METATRADER BUT IN A BETTER VERSION SO PEOPLE WILL USE IT AND I WILL OWN THE APP I TRY TO BUILD A GOOD DECENT TRADING PLATFORM MOBILE APP SO THEN I WON'T BE FOOL BY MARKET BUT INSTEAD PEOPLE WOULD USE MY APP TO INVEST AND IT SOLVES A NEED because if people want to become rich fast then they would think oh I got to invest this mobile app looks good AND THERE YOU GO

 

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[Mathuin]

feel like I should perfect my computer knowledge and buy some books or read some blogs or documentation about computer things online

I've been programming about a year. Courses/ books etc are a starting point but I found I really didn't learn shit until you start implementing things yourself. When following a course and doing the code in the course, it FEELS like you're understanding it but then if you were to explain/ implement it yourself, it would be a struggle and feels like you don't know much.

Do FreeCodeCamp, watch some YT vids on technology you learn on their curriculum then start by building your own small projects.

@lowtek has a great post on this here and "learning through production"

focus way more on the internet because like MJ says in his book internet has created more millionaire and multi-millionaire than before because internet you can touch a lot of people globally I got to find a problem and a need to help people and find a way to solve it

The internet is just one medium. MJ covers this in TGRRE under the "Hardline Strategy". Plenty of Fastlane opportunities in "the real world". One example would be @Johnny boy 's thread on starting a lawn care company.

GOLD! - HOT! - Starting (and Fastlaning) a lawn care service business

21 and currently selling cars at the moment. I’ve got some money to throw at something. I just bought a used trailer and have some lawn equipment. Got a pro website, branding, and I have decent copywriting skills for posting ads. Started with craigslist, Google AdWords and I’m on yelp and...

www.thefastlaneforum.com

 

[Mathuin]

WAIT THAT'S IT WHY NOT CREATE MY OWN TRADING MOBILE APP LIKE METATRADER BUT IN A BETTER VERSION SO PEOPLE WILL USE IT AND I WILL OWN THE APP I TRY TO BUILD A GOOD DECENT TRADING PLATFORM MOBILE APP SO THEN I WON'T BE FOOL BY MARKET BUT INSTEAD PEOPLE WOULD USE MY APP TO INVEST AND IT SOLVES A NEED because if people want to become rich fast then they would think oh I got to invest this mobile app looks good AND THERE YOU GO

That's one option, but most brokers have their own bespoke platforms as well as MetaTrader.
Dealing with these brokers may also bring on a whole lost of legal bullshit (idk though).

You should really read TGRRE

 

[Anon101637]

That's one option, but most brokers have their own bespoke platforms as well as MetaTrader.
Dealing with these brokers may also bring on a whole lost of legal bullshit (idk though).

You should really read TGR

That's one option, but most brokers have their own bespoke platforms as well as MetaTrader.
Dealing with these brokers may also bring on a whole lost of legal bullshit (idk though).

You should really read TGRRE

Ok but my mobile app could have a chance of having success if I think of it it solves a problem a need and lots of people have addiction and stress from everyday life like porn, alcohol or some things it really solves a problem in my opinion

 

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[ZF Lee]

WAIT THAT'S IT WHY NOT CREATE MY OWN TRADING MOBILE APP LIKE METATRADER BUT IN A BETTER VERSION SO PEOPLE WILL USE IT AND I WILL OWN THE APP I TRY TO BUILD A GOOD DECENT TRADING PLATFORM MOBILE APP SO THEN I WON'T BE FOOL BY MARKET BUT INSTEAD PEOPLE WOULD USE MY APP TO INVEST AND IT SOLVES A NEED because if people want to become rich fast then they would think oh I got to invest this mobile app looks good AND THERE YOU GO

Ok but my mobile app could have a chance of having success if I think of it it solves a problem a need and lots of people have addiction and stress from everyday life like porn, alcohol or some things it really solves a problem in my opinion

You don't necessarily need to build trading apps...you can also build technical analysis indicators for TradingView and get folks to pay a fee to use them.

An example here:

Volume Spread Analysis | VSA Trading Resources | Tradeguider

Tradeguider is the home of volume spread analysis. Whatever the market, trading style or experience level, we have VSA trading solutions to boost your strategy

www.tradeguider.com

This one is based on Wyckoff's Volume Spread Analysis.
This is a methodology that focuses on reading price action alongside volume. But many times it is hard to measure which volume is significant or not...so an indicator software helps to mark them down.

Or you can build tools to measure non-price stuff like dark pools, options movements...
I like Tradytics...the folks at r/OptionsMillionaire discord integrates it into their channel so that their regulars can draw up quick charts of options data on the Discord itself. Very handy:

Tradytics

We bridge the gap between retail traders and wall street, turning premium options flow data access into profitable trading strategies.

tradytics.com

My gripe with it is that such tools so far are only limited to the US market.

There are other markets with options/warrants like the Hang Seng in Hong Kong and Nifty in India...but I have not seen much coverage on options tools there. Even classic technical analysis indicators might work differently in foreign markets due to the regular volume/liquidity. Or even crypto for that matter...

So you can try your hand at creating paid indicators for traders.

The thing is before you can create them--you need to have domain experience.

You will need to be a regular trader, so you can understand where existing indicators fell short--and what can be done to remedy them. And you'll need to backtest them constantly...on past trades and present trades in the current market conditions.

I myself trade on Bursa and SPY index quite often...and I sit in many active Telegram/Discord trading groups...so I hear traders talk and whine regularly. So I know...this is not something a non-trader entrepreneur can do. They cannot just go in and swipe market intel Dane Maxwell-style.

 

[Onakosa]

Yeah ok MJ is definitely right I have complete trust in him because like investment is mostly for consumers and producers are innovator, creators and people who provide value I feel like you have way more probability to become rich with a mobile app or website of sport brand than to become rich based of forex and crypto is really really risky and you really need a business that provide value that gives you control and abundance. I really hate the tips of financial advisors I feel like I have been fooled my entire life and I hate this even my parents fooled me I just don't know anything anymore I don't understand anything.

"I don't understand anything."

I've felt like that since I hit 40. :-(

 

[Maliardo]

Hi all)
Is there anyone here who is well versed in cryptocurrency?
I'm thinking about getting into investing.
I know very little about cryptocurrency and mining, I want to ask for your advice as a beginner.
What do I need to know so that I can safely start investing money without fear of serious losses?
And where is the best place to invest money right now?
My best friend has already advised me of a proven crypto mining pool to invest in, but I am afraid to buy yet.
It's a recession and I'm afraid I might lose money if I start investing (
Ideally, I would like to learn cryptocurrency well and reach a passive income by the age of 30, this is my dream at the moment, but I understand that I need to do something!

 

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[Mathuin]

Hi all)
Is there anyone here who is good at cryptocurrency?
I'm thinking about getting into investing.
I know very little about cryptocurrency and mining, I want to ask for your advice as a newbie.
What do I need to know so that I can safely start investing money without fear of serious losses?
And what is the best way to invest money now?
There is a crisis now, and I am afraid that I may lose money if I start investing (
I would ideally like to have a good study of cryptocurrency and reach a passive income by the age of 30, it is my dream at the moment, but I understand that I have to do something!

Build a business

 

[Deleted2BB3x9]

I would suggest crypto as opposed to forex or stocks but it is up to you. I have a book that can help. It's called 25 tips for trading crypto. There are mainly two strategies in crypto. One is to buy and to hold for long term, most big profits are made this way. The second is trading which is riskier but can provide good consistent returns. There is also staking which is like earning interest for locking up your coins. Research in crypto is extremely important as things are constantly changing but we are still in the early stages. Total crypto market cap is 2 Trillion which is roughly 4% of the US stock market.

 

[Maliardo]

I would suggest crypto as opposed to forex or stocks but it is up to you. I have a book that can help. It's called 25 tips for trading crypto. There are mainly two strategies in crypto. One is to buy and to hold for long term, most big profits are made this way. The second is trading which is riskier but can provide good consistent returns. There is also staking which is like earning interest for locking up your coins. Research in crypto is extremely important as things are constantly changing but we are still in the early stages. Total crypto market cap is 2 Trillion which is roughly 4% of the US stock market.

Thanks so much for the advice and for the book you recommended)
I will definitely read it to get a better understanding of this issue.
I personally knew of only one strategy, and it's the only one I'm willing to stick with so far.
Just yesterday my friend gave me a proven pool on which he himself buys, and I will buy and will keep for a long time, so as not to risk too much.
Well at least at first I definitely do not want to risk)

 

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[Anon101637]

Bonds are promissory notes. The purchase of bonds is an investment of funds at a fixed interest rate in a loan to a certain company, bank or country. Buying bonds for individuals is a rather unusual option for investing savings, since previously they were used only by large firms, countries, rich and influential citizens. In general, investing is a great solution for you. You can do this using special platforms. For example, using Deposit FBS: choose the comfortable payment method . Believe me, a competent investment is an investment in your future.

No just don't invest unless you are rich the best investment is business, innovation, product, mobile application, website etc. Nobody got ever rich investing in the stock market the rich use it only to stay rich while poor people think they can become rich with real estate or stock market. Real estate can be somehow true unless you are the property owner you have to own the game. The ones who are really doing the big bucks are the firms and trading apps such as metatrader or trading view or the one selling their get rich easy scheme course on Forex not the one who trade and invest

 

[Vasili27]

Hi all)
Is there anyone here who is well versed in cryptocurrency?
I'm thinking about getting into investing.
I know very little about cryptocurrency and mining, so I want to ask for your advice as a beginner.
What do I need to know so that I can safely start investing money without fear of serious losses?
And where is the best place to invest money right now?
My best friend has already advised me of a proven crypto mining pool to invest in, but I am afraid to buy yet.
It's a recession and I'm afraid I might lose money if I start investing (
Ideally, I would like to learn cryptocurrency well and reach a passive income by the age of 30, this is my dream at the moment, but I understand that I need to do something!

Crypto is extremely volatile, to begin with, so you will need to be able to deal with that. Some months you will be up 50% and others you will be down 50%. In my opinion, crypto is one of the best hedges against inflation because it is one of if not the only asset class that will give you huge gains over the course of time. Just take a look at some of the biggest growth/value stocks vs bitcoin you can see for yourself. Now, this is if you invest in the correct software because, in reality, you are investing in the software, not nesscasrily the coins. I personally invest in coins that have a utility like Matic, Solana, Avalanche, Polkadot, and Luna not bullshit like Shiba and Doge. Which are nothing more than meme coins.

I've never messed with mining personally, I would not start off with it anyway. What I would do is read about these coins that provide a utility that actually serve a purpose. Listen to different crypto spaces where bright minds in the industry are, Twitter is a great place to start. Once you are ready to start putting money do dollar cost average and do smaller deposits daily or weekly depending on your situation and into many different ones. Instead of dumping a lump sum into one coin then having it tank.

 

[Anon101637]

AAHAHHA algorithmic trading will completely replace discretionary trading no wonder I lost most of my trade before on a demo account who've read hedge market wizard by Jack Swagger I like Jeffrey Woodriff method is a genius feels like his method fit perfectly for me ?

 

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[MJ DeMarco]

AAHAHHA algorithmic trading will completely replace discretionary trading no wonder I lost most of my trade before on a demo account who've read hedge market wizard by Jack Swagger I like Jeffrey Woodriff method is a genius feels like his method fit perfectly for me ?

No matter how many times you tell someone that the fire is hot, they will still insist on jumping into the fire...