Topic: Bitcoin traders, why don't you just trade forex? - page 14. (Read 25184 times)
I've been doing forex trading earlier, but too many disadvantages that I got. Trading with bitcoin and altcoin more easier to me, the price is very fluctuate so bigger profit but it also has a high risk.
I havebeen in forex trading since 2 years, but really difficult to gain consisten profit from it, and after i move to the cryptocurrency trading i can make some profit with more easy. So crypto trading in my opinion more profitable than forex trading.
I think there are many things that we need to learn in forex than the cryptocurrency and besides that, we need money to start although we can get a demo account to start. and like you said, to make some profit in forex is really difficult because we need to spend much time to see the price could give us some profit.
I havebeen in forex trading since 2 years, but really difficult to gain consisten profit from it, and after i move to the cryptocurrency trading i can make some profit with more easy. So crypto trading in my opinion more profitable than forex trading.
I see there are a lot of first time traders trading Bitcoin via the hack exchanges of MtGox and Tradehill. It makes me wonder, why don't you guys just trade real forex? You can open micro accounts with as little as $25. You get security far better than these shady exchanges. You get real customer service with a real business that won't disappear and leave you only an email address to cry to. You get real trading platforms with reliable data, not some ghetto hack stuff. You get plenty of liquidity, which allows of smooth trading. And, best of all, you don't have to worry whether it's legal or not! Trading is hard enough as it is, why anyone would want all these additional factors working against them is beyond me.
So, to all the bitcoin traders out there... what are your reasons for trading these shady, unsafe bitcoin markets over regular FX?
I think that in the last two years the digital market has been growing rapidly following the 4.0 technology revolution. We can see the huge benefits that this market brings so investing in this market is very good for investment. As I said this market is very new, there will be many risks but the higher the risk, the greater the profit. I think we should invest in this market. So, to all the bitcoin traders out there... what are your reasons for trading these shady, unsafe bitcoin markets over regular FX?
In my opinion, the Forex market is more stable with good liquidity. The support levels in the Forex market so well react to the price than the cryptocurrency market. Although you can still use technical analysis to trade coin, but due to the price fluctuations terrible at the present time i do not think that technical analysis will have much effect. It will take a lot more time to capitalize on the larger electronic money market and at that moment I think it is far away. Perhaps it is time for governments to agree to allow electronic money circulation in commercial transactions?
Also because the price fluctuations are so large, electronic money transactions can help you make a lot of money and make money fast.
The fact is that to date, many governments of different countries consider the threat of national security from the crypto currency. so it is a huge hint that nobody will legalize crypto currency in those countries. Also because the price fluctuations are so large, electronic money transactions can help you make a lot of money and make money fast.
In my opinion, the Forex market is more stable with good liquidity. The support levels in the Forex market so well react to the price than the cryptocurrency market. Although you can still use technical analysis to trade coin, but due to the price fluctuations terrible at the present time i do not think that technical analysis will have much effect. It will take a lot more time to capitalize on the larger electronic money market and at that moment I think it is far away. Perhaps it is time for governments to agree to allow electronic money circulation in commercial transactions?
Also because the price fluctuations are so large, electronic money transactions can help you make a lot of money and make money fast.
Also because the price fluctuations are so large, electronic money transactions can help you make a lot of money and make money fast.
+ plus, there is another factor which weighs heavy. In FX most brokers are market makers .. meaning the quote the markets and one basically trades against them. In crypto you use spot exchanges meaning the goods acutally are handed over (unless you use leverage of course).
But trading against a financial institution is not so attractive.
This was true many years ago, in those days almost everyone who wants to trade Forex seriously using STP or ECN brokers. Moreover in exchanges are insiders (whales) and they trading against traders as well as Market Makers which have to pay for their bad acting to regulators. I personally think that successful trading is very hard and no matter if you trade Forex or cryptos But trading against a financial institution is not so attractive.
Just look at how the crypto markets have performed lately .. some coins multiplied their value. If one would had traded FX the likelyhood of such a talent, that he or she actually managed to multiply the account by this multiplicator is so tiny. With trading FX most of the behauviours which worked out in the cryptomarkets lately - buying and holding - would soon have caused a total damage to the FX account. If you are leveraged and you hold on to losing positions .. your FX account will not last very long.
+ plus, there is another factor which weighs heavy. In FX most brokers are market makers .. meaning the quote the markets and one basically trades against them. In crypto you use spot exchanges meaning the goods acutally are handed over (unless you use leverage of course).
But trading against a financial institution is not so attractive.
But trading against a financial institution is not so attractive.
Just look at how the crypto markets have performed lately .. some coins multiplied their value. If one would had traded FX the likelyhood of such a talent, that he or she actually managed to multiply the account by this multiplicator is so tiny. With trading FX most of the behauviours which worked out in the cryptomarkets lately - buying and holding - would soon have caused a total damage to the FX account. If you are leveraged and you hold on to losing positions .. your FX account will not last very long.
Just look at how the crypto markets have performed lately .. some coins multiplied their value. If one would had traded FX the likelyhood of such a talent, that he or she actually managed to multiply the account by this multiplicator is so tiny. With trading FX most of the behauviours which worked out in the cryptomarkets lately - buying and holding - would soon have caused a total damage to the FX account. If you are leveraged and you hold on to losing positions .. your FX account will not last very long.
Forex is relatively stable, so usually you don't have any opportunity to make a profit.
In crypto, with a so high volatility, if you are a good trader you have plenty of occasions to make a big gain.
If you are a good trader, of course.
In crypto, with a so high volatility, if you are a good trader you have plenty of occasions to make a big gain.
If you are a good trader, of course.
I guess forex is too risky than crypto because we need to stay in front of the computer, watching the price and sell if we make a profit or cut loss if we are lost money. but I prefer with trade crypto because it is more simple for me, the indicator is not too many than forex and besides that, if one coin is down, the coin has another chance to back increase especially for the strong coin. besides that, I think in forex needs big money to start which not every people have but in the trade crypto, we can start with a low amount.
It depends if you're a scalper or mid or long term trader. I'm a long term trader and definitely don't spend my free time in front of monitor. I don't dare to say that forex is more risky, all depends on your setting and own rules. However, you're right that traders can easily start with low capital on crypto exchanges
Forex is a well extablished market, so it's difficult to make big gains as in cryptomarket.
But it's important to learn to trade in forex because is less crazy and more stable.
But it's important to learn to trade in forex because is less crazy and more stable.
Well, forex trading is good there is no doubt about it, but it is not as profitable as cryptocurrency trading. That's why, investors are after bitcoin and altcoin trading, as you can double your investment in a few weeks.
the volaitility of crypto making it a more profitable trading currency nowadays.. that's all what we want that's why we are trading
Currency trading can gain profits, and it is the handling of small not to mention its volatility is very large, this may be a deal can be used to make more money. Foreign exchange transactions because there are many factors, this is not suitable for most people playing digital currency!
Is it possible that this exchange is not suitable for digital currencies? Is it related to their functionality or to the very purpose of which the comma is delivered by this project? I do not advocate the possibility of trading on Forex, because I consider this exchange an opportunity for a narrow circle of people. I was asked a lot of questions because I understand how much Forex is limited.
Currency trading can gain profits, and it is the handling of small not to mention its volatility is very large, this may be a deal can be used to make more money. Foreign exchange transactions because there are many factors, this is not suitable for most people playing digital currency!
forex has margin calls, bitcoin does not
most 'cheap' forex markets and are unregulated and are just simulated games, your not actually trading on the open market.
most 'cheap' forex markets and are unregulated and are just simulated games, your not actually trading on the open market.
First, cryptocurrency is future technology that we must join it if we dont want to be left.
Second, i most concern about margin call. I like trading without margincall.
I guess forex is too risky than crypto because we need to stay in front of the computer, watching the price and sell if we make a profit or cut loss if we are lost money. but I prefer with trade crypto because it is more simple for me, the indicator is not too many than forex and besides that, if one coin is down, the coin has another chance to back increase especially for the strong coin. besides that, I think in forex needs big money to start which not every people have but in the trade crypto, we can start with a low amount.
Trading on forex is more difficult then trading on cryptomatket. On forex you can catch margin call and that is mean that game is over. You can not recover your money. But on trading with altcoins or bitcoin you always have a chance that fallen price will recover.
That is just the point. Recovering your losses in Forex is something you cannot even do, while you can even manage to just bag hold your losses from the coins and then see them get pumped later on, no matter how long you have to wait. Wait like that for Forex, and you will be wiped out even before you know it, unless you decide to stop loss, or you have some pretty good amount to trade with.Basically forex trading is more cruel in terms of managing as well finding profit making opportunities. At the same time, we can be sure about making profits with crypto trading as in long term crypto trading will be profitable given that we have chosen a well established coin for our trading.
If you use leverage like 10x 20x in forex, and if you open wrong positions, the rest will be a chaos for you. The chance for recovery is very low there. In coins, the chance for recovery is higher than forex.
what are your reasons for trading these shady, unsafe bitcoin markets over regular FX?
Because at the end of the day, I want to be holding bitcoin, not Zimbabwe dollars.
So you more interesting to keep bitcoin rather than dollars. Why? I think you are more interesting in new technology because bitcoin and other cryptocurremcy is our future technology.
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