FX trading vs Commodity trading vs Equity trading?
i’ve somehow met a lot of people that trade forex. I trade the other 2 relatively well.
I’ve never traded forex before, but after looking at the charts for a few currency pairs, 2 observations:
1. There were many bear traps and other kinds of manipulations, almost as if some large fund / bank was triggering buy signals only to sell out.
2. It looked like there were many algorithms going off.
3. Common indicators didn’t really show much efficacy.
It could just be the particular pairs I was looking at during that point in time, but my impression was that it is a lot easier to make money from commodities, which has much more meaningful trends.
So why do people trade forex?
Do people actually find meaningful patterns to trade off of regularly?
It seems much more difficult.