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[McGheese WANTED $6 Outlaw]

Any one got any experience on this? seems to be the fine now

[bo bobbkos WANTED $19 Outlaw]

Yes – Masters in Economics, 5 years trading experience and I work forecasting share prices/commodities.

 

My advice – avoid it. Do you have more knowledge than forex traders with £1M+ limits given to them by the IB they work at.

 

You are better off placing positions on exchanges, like the FTSE or S&P500 – the S&P 500 is wildly overpriced – take a look at it’s movement in last few years.

 

Avoid forex like the plague – genuinely…

[sp springbrucesteen WANTED $77 Outlaw]

bobbkos wrote:

Yes – Masters in Economics, 5 years trading experience and I work forecasting share prices/commodities.

 

My advice – avoid it. Do you have more knowledge than forex traders with £1M+ limits given to them by the IB they work at.

 

You are better off placing positions on exchanges, like the FTSE or S&P500 – the S&P 500 is wildly overpriced – take a look at it’s movement in last few years.

 

Avoid forex like the plague – genuinely…

What you think about crypto ?

[bo bobbkos WANTED $19 Outlaw]

Without going in to too much detail.

1. Yes you can make money on Crypto – anybody who has will claim it’s amazing.

2. Just look at the graph – it’s unbelievably volatile. If buying as part of a larger diversified portfolio – fine. Not more than 5% of your holding.

3. Major IB’s don’t want to touch it – given they are not comfortable with it should tell you all you need to know.

4. How many Investment bankers/traders do you know? I’d guess none – the reason being is because it’s so difficult to do and be good at. The people who do it are incredibly smart – which is why they get paid £200K+ a year. Anybody who buys crypto is neither in this field, nor genuinely knows what they are doing.

5. If you buy some and next week you’ve made 10% this doesn’t mean you knew what you were doing, nor does it make you a forex trader etc – you just got lucky to some degree. The same as you could on gold/currency/stocks/bonds etc.

6. I imagine bitcoin will end up being worthless at some point – if I was trading it, I’d be buying futures or selling it short to catch a wave down.

7. By all means, have a play with stuff, but don’t lump in hard on crypto – way too volatile.

 

I’ve no doubt someone here will say they’ve made £100K on Cryto etc and it’s fantastic. I say well done and good luck to them. But someone always has to lose when someone wins. It’s a pareto efficient market – you can’t make one person better off without making someone else worse off…. and if I was a betting man, my money would be with experienced traders and analysts, who don’t buy crypto.

 

Just my 2 cents

[Haz40 WANTED $1,167 Outlaw]

Well you seem to know what your talking about. I wouldn’t have a clue.

[aa aaloases WANTED $7 Outlaw]

In short never invest in anything more than 5-10% depending how diverse you want your portfolio. Has done well for me regardless of the market.

Bit like slots you only need one bonus out of ten to hit and then cashout something.

I think Bobbkos has given sound advice but I have to disagree bitcoin will be worthless at some point. I used to play poker back in the day and all my online poker associates (we shared pieces in each other) was saying invest in it at £1 a coin I said no thanks, they are now millionaires, we dont speak anymore (dont know why lol)  and I am still playing same stakes.

I invested in property with shares mixed in, it was a longer grind but I am slowly getting there.

 

 

 

 

[sp springbrucesteen WANTED $77 Outlaw]

bobbkos wrote:

Without going in to too much detail.

1. Yes you can make money on Crypto – anybody who has will claim it’s amazing.

2. Just look at the graph – it’s unbelievably volatile. If buying as part of a larger diversified portfolio – fine. Not more than 5% of your holding.

3. Major IB’s don’t want to touch it – given they are not comfortable with it should tell you all you need to know.

4. How many Investment bankers/traders do you know? I’d guess none – the reason being is because it’s so difficult to do and be good at. The people who do it are incredibly smart – which is why they get paid £200K+ a year. Anybody who buys crypto is neither in this field, nor genuinely knows what they are doing.

5. If you buy some and next week you’ve made 10% this doesn’t mean you knew what you were doing, nor does it make you a forex trader etc – you just got lucky to some degree. The same as you could on gold/currency/stocks/bonds etc.

6. I imagine bitcoin will end up being worthless at some point – if I was trading it, I’d be buying futures or selling it short to catch a wave down.

7. By all means, have a play with stuff, but don’t lump in hard on crypto – way too volatile.

 

I’ve no doubt someone here will say they’ve made £100K on Cryto etc and it’s fantastic. I say well done and good luck to them. But someone always has to lose when someone wins. It’s a pareto efficient market – you can’t make one person better off without making someone else worse off…. and if I was a betting man, my money would be with experienced traders and analysts, who don’t buy crypto.

 

Just my 2 cents

Cheers mate , yes it’s a bit up and down , my thinking is a long term punt but just money I can afford

[bo bobbkos WANTED $19 Outlaw]

That’s absolute best thing to do!

 

Crypto is more ore or less gambling!

[sl slottinggooner WANTED $23 Outlaw]

Don’t touch Forex if you have limited experience of investing let alone day trading.

Crypto is full of scams, pump and dumps and YouTubers with absolutely no expertise in the field dishing out rank advice when they don’t even have any investment qualifications. In saying that, if you have a high tolerance for risk ie you are prepared to lose it all, including up to 5% maybe 10% in crypto in a portfolio can be considered.

The most consistent investment vehicle for producing returns ahead of inflation is the stock market. You need a long time horizon though, min 5 years to ride out market turbulence.

 

 

[sl slottinggooner WANTED $23 Outlaw]

Just to add to my post above ^^^, the type of crypto that I was alluding to is the big coins ie Bitcoin and Ethereum, which are much more likely to stand the test of time than some of the others. As always do your own research before investing.

[sn snuffkin WANTED $1 Outlaw]

I agree, avoid real trading until you’re experienced enough, otherwise, you’ll lose all your money. I can advise you to get a demo account somewhere, watch some tutorials, read books, practice a lot. If you realize you’re ready, go for it. I can recommend this site [url=https://instaforex.com]www.instaforex.com[/url], it has everything I listed except for the books.

[Winningbird WANTED $574 Outlaw]

Good luck with your trading thing. I’ve never understood this currency bitcoin thing, what ever it is. I’ll just stick to coins and notes ?

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