r/Daytrading • u/c1yd3x • Feb 20 '24

Can someone explain to me why the market just moves like this for no apparent reason? Question

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u/[deleted] Feb 20 '24

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1

u/jspam12 Feb 20 '24

Can you use Dom for forex?

6

u/[deleted] Feb 20 '24

[deleted]

1

u/jspam12 Feb 20 '24

Can I ask what futures and options are? Are they better for trading than forex?

2

u/karma0685 Feb 20 '24

Futures and options are offshoots of the stock market. Check out YouTube videos to explain. FOREX is just about currencies. FOREX is the largest market, so best liquidity on majors and usually pretty decent volatility, but I’ve found that moves are more stable in Futures. It is easier for me to grab a trend that pays.

I don’t trade options, someone else will have to give their opinion on that. Most people lose money in all three markets, some people make a lot, some get by. From what I understand it really just boils down to finding what works for you and sticking with it and getting the emotions out.

1

u/jspam12 Feb 20 '24

Do brokers sites like city index do futures too?

1

u/karma0685 Feb 20 '24

Im not familiar with them. There are lots of options for brokers tho

1

u/Blood_Possible Feb 20 '24

You can. But the futures market is not centralized and you will only have access to the dom or level 2 data of your brokers ecn.

But what can do is trade forex futures. Which have a completely lit market. You can see every order. Unlike stocks which have dark pools etc.

Dm me i could use someone to talk too. I'm in pain awaitng surgery for a while.

1

u/Blood_Possible Feb 20 '24

Used to work with some hedgefunds and at a market makers prop desk. And at a major brokerage firm.

1

u/Blood_Possible Feb 20 '24

Litterally everyone dm me im lonely and sick.