Is trading forex with profit easier than trading bitcoin fiat pairs? With support and resistlines and so on. The Forex market is way bigger so i would think more traders believe in these indicators, so that its a self fullfilling prophecy.
Is it that way and is it easier to make the same profit?
It can be much more profitable....if you know what you're doing. Ever since I discovered 1broker I no longer trade alts/BTC. Just straight FX and mainly the top 3-4 pairs.
FX market has insane liquidity and is primarily news/economy driven, so regular weekly news reports can send pairs up or down (a lot a times). At different margins you can ride a trend for a few days/weeks and gain huge profits.
I tried trading with leverage on bitfinex, though the fees of 0.08% are huge. They work so hard against you that its hard to make a profit. Its like betting on a dice site whose house advantage is too high.
OKCoin works way better but still... all the things i learned about indicators are still not so easy put into consistently profitable trading.
So what you look for is weekly news reports? Can you tell which ones exactly?
Besides that, do you use indicators and if so which.
What are the trading fees? I found their fees page but it doesnt mention fees. They cant be zero like in the first table right?