Bitcoin traders, why don't you just trade forex? - page 16.

mininglegend1234

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Quote from: EdenHazard on January 04, 2018, 02:54:58 PM

Quote from: TERA2 on January 03, 2018, 03:50:57 AM

Bitcoin is low risk high reward.

Forex is HUGE risk medium reward.

I saw this becuase in order to make the kind of gains you make in bitcoin (like 500%), with forex, you have to leverage your forex account 50 times. This means you take 50 times MORE RISK. If it moves down even 1% you ARE LIQUIDATED. Meanwhile bitcoin can lose all of its value and then come back and you can still make 1000%

that is wrong in my opinion , i mean bitcoin are not something that has low risk.

it is high risk with high gain , besides forex available in limited days only , trading bitcoin have much more chance to make money with its volatility, the price keep moving on drastically up and down and that is what makes people love it i think.

I have tried fires also in my early days but i must say is the one with huge volatility! In fact, currencies like GBP/JPY and EUR/JPY could move over 400 pips in one single day. The difference between the behavior of the two trades you suggested above lies on the forex trade being a margin trade, so the leverage ends up multiplying your winning or loss and that is the reason, leverage is often referred to as a double edged sword.

hritevanz

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Quote from: AyeYo on July 09, 2011, 08:53:57 AM

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?

sinyofx

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Quote from: capoeira on January 05, 2018, 03:18:04 PM

you guys are just more used to the pump'n'dump rallies on crypto.
look at this rally on EURUSD for example. with only 100x leverage you can make that 2% into 200%

the problem (most forex trader have) is short trade or scalping method.
Lot of trader think they can make profit daily using small time frame. IF they met 3-6 lost trade i arrow, they will lose their confident and start to break their rule, finally Margin call

Bitcoin trader usually prepare to long term trading, they buy and keep the coin till it up ( it may need more than 1 day to hold)

But actually, we can use forex broker that provide bitcoin trading to hedge real bitcoin trading , this can minimize the lost also one of the fastest way to recovery our asset.

Ayiranorea

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Quote from: ssuchy on January 05, 2018, 06:03:16 PM

Quote from: Racekid on January 05, 2018, 03:23:42 PM

Quote from: AyeYo on July 09, 2011, 08:53:57 AM

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?

What have learnt in trading in both Forex and Cryptocurrency at large is that for a Noob, Cryptocurrency is an avenue for them, unlike Forex a Total noob would most likely loose all his money trading it.

I think that there are a lot of Tysh for the trade in crypto currency, which are very well owned by users. And then as for Forex, in my opinion this is all a fraudulent project, because people with less experience will only lose.

That can't be termed to be fraudulent, but the experience required to make a good earning through forex is simply big. Even a small move that we make will affect the entire profiting. The same happens with cryptocurrency trading as well, but can be learned with ease than forex market.

ssuchy

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Quote from: Racekid on January 05, 2018, 03:23:42 PM

Quote from: AyeYo on July 09, 2011, 08:53:57 AM

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?

What have learnt in trading in both Forex and Cryptocurrency at large is that for a Noob, Cryptocurrency is an avenue for them, unlike Forex a Total noob would most likely loose all his money trading it.

I think that there are a lot of Tysh for the trade in crypto currency, which are very well owned by users. And then as for Forex, in my opinion this is all a fraudulent project, because people with less experience will only lose.

Racekid

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Quote from: AyeYo on July 09, 2011, 08:53:57 AM

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?

What have learnt in trading in both Forex and Cryptocurrency at large is that for a Noob, Cryptocurrency is an avenue for them, unlike Forex a Total noob would most likely loose all his money trading it.

capoeira

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you guys are just more used to the pump'n'dump rallies on crypto.
look at this rally on EURUSD for example. with only 100x leverage you can make that 2% into 200%

rudox

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Almost all the fx platform owners manipulate the platform especially when the trade is against you and if did not use stop loss you can not immediate exit a position. There are more liquidity in Bitcoin than in fx. With bitcoin what you see is what you get.

el kaka22

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Quote from: terzy on December 30, 2017, 11:46:05 AM

It's because Bitcoin shows more volatility than the typical Forex pairs. It can raise dozens of percentage points and it can surprisingly drop with the same success!

Just within a day, you can get a huge percentage profit on bitcoin than you can ever imagine on Forex. Even if you want to decide to be day trading, you will still be able to effectively day trade and make good gains that in Forex.

I have traded Forex before and even though it has opportunities for profit, but rest assured that being a centralized environment, you can still lose a lot, but with a decentralized environment, you cannot just ask for something better than what we have already.

metribitcoin

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I have been in forex trading in 2 years but until now I can not reach consistent profit , but when i move to cryprocurrency trading i can reach it because in my opinion crypto trading much easy to gain profit than forex trading because mostly all coin has tren up trend.

capoeira

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Quote from: ?? on ??

Forex can be very boring, as some currencies are very stable. You stay hours in front of the monitor just to earn some pips.
(this in case you make day trading)
Crypto is more risky, but it's very dinamic and you can make big gains.

well, with up to 1000x leverage on some brokers, you can make every move the size you want it too

kolega

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Traders to earn, you need a high volatility that is present on the market of bitcoin and Forex it is minimal and there is almost some robots work

EdenHazard

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Quote from: TERA2 on January 03, 2018, 03:50:57 AM

Bitcoin is low risk high reward.

Forex is HUGE risk medium reward.

I saw this becuase in order to make the kind of gains you make in bitcoin (like 500%), with forex, you have to leverage your forex account 50 times. This means you take 50 times MORE RISK. If it moves down even 1% you ARE LIQUIDATED. Meanwhile bitcoin can lose all of its value and then come back and you can still make 1000%

that is wrong in my opinion , i mean bitcoin are not something that has low risk.

it is high risk with high gain , besides forex available in limited days only , trading bitcoin have much more chance to make money with its volatility, the price keep moving on drastically up and down and that is what makes people love it i think.

Kevin77

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Quote from: Bezobraznike on December 30, 2017, 11:21:25 AM

Quote from: netrin on July 09, 2011, 09:28:45 AM

Quote from: AyeYo on July 09, 2011, 08:53:57 AM

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.

Netrin you gave the best answer, I also wish to hold Bitcoins and many other alt-coins.
That is my wish not to continue to support traditional currencies, I wish to support crypto-
world cause I believe it is a future. I work on my portfolio for months, collecting informations,
buying Bitcoins and investing in different projects.
We are here now and we are not late, cryptp-world is full with opportunities and popularity
is rising, this year was so great for all of us here and I strongly believe that there will be more
good years, maybe better than this one.

Lol, I can imagine far back as 2011, and that is just the right reply. Now, the Zimbabwean dollar has been scrapped and irrelevant for usage, the economy of the fiat in this country is messed up already and most of the citizens are finding solace in bitcoin, most especially to be able to make transactions internationally since they have been restricted in their country.

We have huge opportunities in the crypto world and for those who have been trading crypto since 2011 will even know better by now that just holding some of these coins, are even better, let alone trading them to earn even more.

arlington

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In the regular FX the gains are not too high and if you get involved with a small amount of money you get very little at the end of the month but here you can make 10x within a month,

TERA2

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Deb Rah Von Doom

Bitcoin is low risk high reward.

Forex is HUGE risk medium reward.

I saw this becuase in order to make the kind of gains you make in bitcoin (like 500%), with forex, you have to leverage your forex account 50 times. This means you take 50 times MORE RISK. If it moves down even 1% you ARE LIQUIDATED. Meanwhile bitcoin can lose all of its value and then come back and you can still make 1000%

Andrey123

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These are absolutely different markets!

For example, the movement of the euro or the yen can learn and profit on Forex.
Plus, a lot of news is known in advance.

And it will not work with cryptocoins.
Very often developers violate the road map and coins go to the stock exchanges before, developers get a very big profit, and everyone else gets the price of 1 satoshi.

Brunusmagnus

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Quote from: Andrej Peiboski on January 02, 2018, 05:29:45 PM

Due to high volatility, to start trading in crypto without experience on forex is just gambling.
Trading is a very difficult and stressing job, but with good analysis and strategy you can achieve a good rate of success.

It's true, but I think that it's very difficult to apply usual forex fundamental and technical analyis to crypto, as the conditions are very variable and unpredictable

Lanatsa

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Quote from: Makest on December 30, 2017, 09:31:30 AM

Bitcoin trading is a good way of making money and if we can hold we should make lot of profit from it.

I dont know why you did bump this 6 year old thread but well its much better than to make a new one and making repetition of topics.For the sake of on topic reply. Forex trading and Crypto trading is similar on trading matters but for the coins that have been traded off would be entirely different since we do know cryptos are much more volatile compared on traditional fiats and commodities which traders sees and opportunity to make more money out of that volatileness of prices.

Andrej Peiboski

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Due to high volatility, to start trading in crypto without experience on forex is just gambling.
Trading is a very difficult and stressing job, but with good analysis and strategy you can achieve a good rate of success.

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