I've been seeing some changes in the forex market lately, feels different now. Adapting is key. I had to go back to square one and relearn some stuff. Anyone else feeling this shift?
Changes in the Forex Market: What's Going On?
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shard_2013Full Member
Posts: 634 · Reputation: 287
#2Jul 23, 2023, 05:07 PM
Honestly, I stick to crypto, not a fan of forex or commodities. If you could make money before, you can still do it now. But let's face it, most traders are still losing, right?
Forex isn't my main game, but I tried XM on MT5 recently. Prices are more stable, but the rapid fluctuations on short time frames threw me off. My strategy just didn't cut it there. Thinking of switching back to crypto.
True, it’s not just forex changing. Crypto is shifting too. If you're using indicators, they might mislead you now. Learning price action is essential to stay on top of things.
This forum leans heavy on crypto. Not many forex pros here. I don’t see forex tied to global changes as much as some say, apart from AI trading bots or inflation effects. Knowledge is key though.
nick.orbitFull Member
Posts: 239 · Reputation: 446
#6Jul 26, 2023, 12:20 PM
I don't really follow forex, but with all this macro stuff going on, it makes sense the market shifts. The old ways won't cut it anymore. Adapting is what separates the successful traders.
Yeah, I traded Forex PAMM accounts for years, but once Bitcoin hit $20K in 2018, everything changed. Money pulled out and I saw PAMM services die off. Forex feels the same, but crypto? Nah, I moved on from that.
Of course it changes. With tariffs and everything, markets are tougher and less predictable. Bitcoin’s unpredictable, gold isn’t stable anymore... what gives?
Started with forex, then into BTC. It was different back then, used to make overnight interest. Now? It's been ages since I traded forex, so I’m guessing it’s changed a lot.
real_protoNewbie
Posts: 200 · Reputation: 14
#10Jul 27, 2023, 05:04 AM
Been in forex for 20 years. It's a dynamic space, always has been. But if you’re struggling, maybe it’s about your approach, not the market itself.
bridge_2009Newbie
Posts: 75 · Reputation: 33
#11Jul 27, 2023, 05:45 AM
Exactly, the forex market shifts with global happenings, right? Inflation and news hit fast now. Traders need to adapt or get left behind.
AtomicBlockFull Member
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#12Jul 27, 2023, 07:30 AM
Yeah, you nailed it. It's part of life, markets change. Not a big deal really, just learn and adjust. Crypto feels better honestly.
diamondhandsHero Member
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#13Jul 27, 2023, 09:00 AM
So true. The struggle to become profitable again is real. It’s like fighting the same battle but with different weapons.
I see a lot of hype about forex everywhere. Social media makes it seem great, but if you’re new and lose? That’s normal. Crypto is where it’s at for most of us.
sigma_ninjaFull Member
Posts: 37 · Reputation: 252
#15Jul 29, 2023, 12:14 PM
Definitely, forex reflects a country's economy. But crypto moves with the world too. Learning is vital, whether you're a newbie or a pro.
king_matrixMember
Posts: 154 · Reputation: 163
#16Jul 29, 2023, 02:36 PM
For me, it’s no surprise. The market changes, some months good, some bad. Understanding the economy helps you see these patterns.
There are traders who can read market conditions well. They know when not to trade based on experience, which helps avoid losses.
I get that. Economic shifts do directly affect forex. I’ve been using an ICT model that’s worked for me, so I’m sticking with it.
lynx_5hardMember
Posts: 76 · Reputation: 149
#19Aug 1, 2023, 03:16 AM
Change is constant in trading. It’s not just a one-time learn and done. Always need to grow.
If it’s changing for you, then maybe adapt your strategy. Every trader has a different journey.
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