Nifty Vs Forex

#1
Dear members

I want to know which is better to trade nifty or forex as i need a good trending charts to make profit.Nifty gives trend only20-25% time rest of the time it moves in range.

So could any one tell whether forex also has same problem....or any pair gives good trend.I have heard that forex market is quite volatile than stock market....is it true???

Moreover i am full time professional and i dont have full time to monitor stock market.But with forex trade can be done in evening also

Please Help me out

Regards
Anurag (a wannabe forex trader)
 

AW10

Well-Known Member
#3
Anurag, I don't know your foundation of believing that nifty trades only 25% time and it is range bound at other time. In my view, most of the market remains in trend for 1/3rd to 40% time and rest is just sideway/slow/timepass phase. Forex mkt thouhg it is open 24 hrs, but has distinct 3 phase as per asian/european and US mkt hours. And most of the action is just in first 2 to 3 hrs of that market. i.e you have 6 to 8 hours of real action. That too, each ccy pair has typical action time like EUR moves during European time whereas JPY moves during asian times.

Moreover, in forex, you are trading against the broker, there is no centralised, independent exchange where your order matching will be done. So if you ended up trading a pair during slow time than you are at the mercy of your broker.. and they do eat your stops cause it is easy for them to see their clients orders.

I don't trade forex but was tempted many time but due to above reasons I am still not in it. Though I trade forex etf and futures which are traded at exchange and reflect the move of the ccy.

In my view, to answer this question, you should define your trading times and then identify the instrument that gives good move during that period. No to mention, if it is sideway, than you can very well find strategy to make money in sideway mkt. Markte might be sideway in 1hr /4hr timeframe, but it will still be showing trends in smaller timeframe. And it is possible to get 2R to 3R trades in minute timeframe at any time.
Atleast that's what I have seen and practiced.

Happy Trading
 
#4
Anurag, I don't know your foundation of believing that nifty trades only 25% time and it is range bound at other time. In my view, most of the market remains in trend for 1/3rd to 40% time and rest is just sideway/slow/timepass phase. Forex mkt thouhg it is open 24 hrs, but has distinct 3 phase as per asian/european and US mkt hours. And most of the action is just in first 2 to 3 hrs of that market. i.e you have 6 to 8 hours of real action. That too, each ccy pair has typical action time like EUR moves during European time whereas JPY moves during asian times.

Moreover, in forex, you are trading against the broker, there is no centralised, independent exchange where your order matching will be done. So if you ended up trading a pair during slow time than you are at the mercy of your broker.. and they do eat your stops cause it is easy for them to see their clients orders.

I don't trade forex but was tempted many time but due to above reasons I am still not in it. Though I trade forex etf and futures which are traded at exchange and reflect the move of the ccy.

In my view, to answer this question, you should define your trading times and then identify the instrument that gives good move during that period. No to mention, if it is sideway, than you can very well find strategy to make money in sideway mkt. Markte might be sideway in 1hr /4hr timeframe, but it will still be showing trends in smaller timeframe. And it is possible to get 2R to 3R trades in minute timeframe at any time.
Atleast that's what I have seen and practiced.

Happy Trading
Thanks sir for ur advice......want to know if i trade EUR/USD pair....when is the best time to trade. is it 6pm to 10 pm??

does anyone know of any strategy tat works best on EUR/usd pair

Thanks in advance.
 

praveen taneja

Well-Known Member
#5
Thanks sir for ur advice......want to know if i trade EUR/USD pair....when is the best time to trade. is it 6pm to 10 pm??

does anyone know of any strategy tat works best on EUR/usd pair

Thanks in advance.
Dear members

I want to know which is better to trade nifty or forex as i need a good trending charts to make profit.Nifty gives trend only20-25% time rest of the time it moves in range.

So could any one tell whether forex also has same problem....or any pair gives good trend.I have heard that forex market is quite volatile than stock market....is it true???

Moreover i am full time professional and i dont have full time to monitor stock market.But with forex trade can be done in evening also

Please Help me out

Regards
Anurag (a wannabe forex trader)
When you dont know about any mkt instead of asking for time you must ask seniors here precautions and system to trade safely in any of mkt

In stocks you can take delivery and hold in case u r in loss but for FUture traders there is no future rarely I met with a long term F&O player with good earning:)so first ask AW10 etc how to enter mkt w/o losing your portfolio:thumb:
 

Rish

Well-Known Member
#6
Dear members

I want to know which is better to trade nifty or forex as i need a good trending charts to make profit.Nifty gives trend only20-25% time rest of the time it moves in range.

So could any one tell whether forex also has same problem....or any pair gives good trend.I have heard that forex market is quite volatile than stock market....is it true???

Moreover i am full time professional and i dont have full time to monitor stock market.But with forex trade can be done in evening also

Please Help me out

Regards
Anurag (a wannabe forex trader)
My Suggestion, Be with Nifty and Crude. both volatility is enough to trade. Forex is high risk and high reward category. It depends upon your risk factor. All the best.
 
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