[Steve]

Do people think forex day trading is something that’ll always be around? Or do we think there’s a chance it fades out over time as tech or markets evolve? Curious what others think on this.

Reply

Topic

[Oliver]

The only way I see it disappearing is if fiat currencies are replaced with digital currencies. Or capitalism dies but if that happens, we’ve got bigger problems to contend with.

Reply

[Steve]

Even if fiat currencies are replaced by products like central bank digital currencies (CBDCs), foreign exchange markets would still exist, just in a new form surely?

If you think about it, countries will still have different monetary policies, economic conditions, and interest rates, meaning currency exchange (digital or otherwise) will still be essential for so much trade and investment.

I don’t think capitalism is going anywhere my friend.

Reply

[Alvero]

Capitalism thrives on inefficiencies and arbitrage. Differences in interest rates, political stability and central bank decisions will probably always drive speculative trading and hedging activity. Currency markets are surely one of the purest expressions of that.

Reply

[DogDays]

Day trading FX won;t be around forever but it ain’t going anywhere soon either.

The market is still huge (around 7.5 trn) and traders from emerging economies are only just getting involved really. Also more of us retail traders are getting involved thanks to slick apps and so-called ‘commission-free forex brokers’ (new flash: they aren’t really free to trade with).

For me it’s more whether many retail investors will pivot to crypto in place of these traditional asset classes. When you’ve got cryptos like ETH and XRP swinging from around 3.5% to 4.55% each day and fiat currencies like EUR and GBP only swinging around 0.3% to 0.45%, not to mention all the buzz online about cryptos, many will aim for bigger returns in the crypto markets.

Reply

[norkron]

Crypto’s future is much less certain than FX. You still see problems like scalability, hacking, regulation, and market manipulation that are unresolved.

Yes crypto offers excitement, but FX offers consistency, transparency, and lower execution risk, all things us experienced traders value.

Reply

[BTC Ben]

I follow the price action and it’s crypto…not forex.

Reply

[norkron]

I don’t have the risk appetite to day trade crypto. It moves too fast and I worry my trades won’t get filled. There’s enough movement in FX markets for my setups.

Reply

[Author]

Replies