Bitcoin traders, why don't you just trade forex? - page 19.

AlRubyx

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Quote from: Dmitry.Vastov on November 30, 2016, 09:38:40 AM

Forex is more riskier than bitcoin trading. If you are not good at analizing, thats it. You are done. You should study forex first before entering. Its also very hard to manage. Forex can give you really big profit. But there is a low chance to happen. You could lose your.money fast. Forex is not a place for you if you dont know anything about it.

I know how to lose money fast, trade with you. Scammer ass bitch https://bitcointalksearch.org/topic/dmitryvastov-is-a-scammer-1439440

Dmitry.Vastov

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Forex is more riskier than bitcoin trading. If you are not good at analizing, thats it. You are done. You should study forex first before entering. Its also very hard to manage. Forex can give you really big profit. But there is a low chance to happen. You could lose your.money fast. Forex is not a place for you if you dont know anything about it.

leeloo

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Another random thing I thought is that liquidity is a near non-existent for crypto with $14ish billion market cap, while forex is THE most liquid market on the world with $4 trillion volume/day.

Basically, forex deals with roughly 300x more money on a single (week)day than there are cryptocurrencies in existence; crypto is insignificant to the level of maximum global irrelevance.

Now, I'm not saying it can't prove to be a historic invention, eventually; we're just not there, and there are problems to be solved *cough* scaling *cough*

Okay, now bring on the hate!

leeloo

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Quote from: outatime1 on November 27, 2016, 03:59:18 PM

I think there is a big advantage for bitcoin and other crytocurrency trading because the fees are a percentage of the trades. Also, the fees are very low, so you can make very small trades and the fees are almost insignificant.

Actually, the same goes for ECN brokers like LMAX or Dukascopy, where you pay commission and they are not part of the trade (i.e. they don't widen the spread, like Oanda, for example.) As for how low those crypto commissions are, Poloniex charges 0.25% for the taker (in their most expensive tier), while LMAX charges 0.0025% of the notional value of the trade. Granted, volatility is lower than crypto's (so you'll need larger positions), but not 100x lower...

icecube45

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What you say is very true and I totally agree with you. Forex trading is a safer and more viable than bitcoin. I use both, but I do tend to use forex trading. But I also try to trade bitcoin, I see fluctuations bitcoin always go up and it would be good to make a profit. In terms of profits, although very risky but bitcoin trading can give good profit. Maybe that was the reason I did bitcoin trading.

monbux

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Quote from: outatime1 on November 27, 2016, 03:59:18 PM

I think there is a big advantage for bitcoin and other crytocurrency trading because the fees are a percentage of the trades. Also, the fees are very low, so you can make very small trades and the fees are almost insignificant.

lol, pure bullshit that the user is saying to upp his post count.

On topic, that's like saying why doesn't everyone just trade equities, or JUST trade commodities. There are different markets to bet on and they all have different risks associated with them.
Bitcoin has higher volatility (usually) that allows traders to profit/lose a huge amount in a short amount of time. Same could be said with forex though.

outatime1

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CryptoTalk.Org - Get Paid for every Post!

I think there is a big advantage for bitcoin and other crytocurrency trading because the fees are a percentage of the trades. Also, the fees are very low, so you can make very small trades and the fees are almost insignificant.

xuan87

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I prefer to do bitcoin trading because I am more familiar to it, I know where to get my updated news, what I should notice and what kind of rumour that can change bitcoin price, and beside of that, Forex need quite amount of money and it is difficult fro me to deposit and withdrawal my money and I have been trading bitcoin for almost a year, so I am quite comfortable with bitcoin trading

Zadicar

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DGbet.fun - Crypto Sportsbook

Well trading in Bitcoin and in Forex does really differ hence in forex you will able to trade anykind of stuffs (currencies,commodities,OTC) compare to bitcoin which you could only trade on small groups of altcoins and also forex is so complex and you will need to trade it carefully and some have good enough knowledge with it because lossing money is always high when you dont trade carefully.

Victorycoin

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Quote from: ChronoLite on November 20, 2016, 09:07:15 PM

Quote from: Hellacopter on September 06, 2016, 07:30:58 AM

There is many common factors between trading altcoins /Bitcoin, and Forex. But the main difference in my opinion is that Forex need usually big budget to start with it, however you can start with smallest budget when you trade Bitcoin and altcoins

Yes , and unlike forex in crypto trading we can start any amount we want from 0.001 to 1 depending on the coins you want to trade.
On forex we need some training and tutorial to begin forex like mechanism or whatever is that and it's more difficult than crypto trading

Minimum amounts required to trade in forex market may not necessarily be huge, as that is subject to the broker one is using and a number of brokers, Agea for instance accepts trades that are even less than $1. All the same, I think the better way to see it, is that trading with small budgets either in forex or cryptocurrency, doesn't bring out the best in trading as it invariably leads to over trading, boredom and eventually loss. With reasonable trading capital, knowledge and experience, it becomes easier for any trader to make good profit off the market, forex or cryptos.

goldcoinminer

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Quote from: Caladonian on November 25, 2016, 11:08:20 PM

Quote from: Omega Weapon on November 25, 2016, 09:40:10 PM

Quote from: shintosai on November 24, 2016, 08:24:06 AM

Quote from: wildworld on November 24, 2016, 07:50:27 AM

With forex trading, I earn a lot of money, and certainly after the elections.
With a good trategy make good profits.
Forex trading is for me my daily work.

wow that's good mate do you have any certain rules that you followed or just instinct you use before buying your trade? i really like to have this type of daily investment but im not familiar and still trying to understand i can't afford paying broker that can guide me i'm still reading and watching videos about how to gain good profits inside forex.

I really don't think someone just say, I'm going do this trade just because it feels right, there must be some kind of analysis behind the decision, we cannot just use our instinct and the trade to me that will be like gambling.

considering this as your weapon while you are inside the war, analyzing and knowing the possible movements will give an edge to place your entry
and that's really important knowing yourself if how far you can take the risk and most of all you must need to be observant allow yourself to learn
and be guided if possible.

What I know is, only the intelligent trader will have a chance to succeed in the long run, the learning we have here is important and we should continue to improve it as the market is not fix, it moves base on the economic factors and we have to abreast ourselves on that news.

Caladonian

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Quote from: Omega Weapon on November 25, 2016, 09:40:10 PM

Quote from: shintosai on November 24, 2016, 08:24:06 AM

Quote from: wildworld on November 24, 2016, 07:50:27 AM

With forex trading, I earn a lot of money, and certainly after the elections.
With a good trategy make good profits.
Forex trading is for me my daily work.

wow that's good mate do you have any certain rules that you followed or just instinct you use before buying your trade? i really like to have this type of daily investment but im not familiar and still trying to understand i can't afford paying broker that can guide me i'm still reading and watching videos about how to gain good profits inside forex.

I really don't think someone just say, I'm going do this trade just because it feels right, there must be some kind of analysis behind the decision, we cannot just use our instinct and the trade to me that will be like gambling.

considering this as your weapon while you are inside the war, analyzing and knowing the possible movements will give an edge to place your entry
and that's really important knowing yourself if how far you can take the risk and most of all you must need to be observant allow yourself to learn
and be guided if possible.

Omega Weapon

hero member

Activity: 1092

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Quote from: shintosai on November 24, 2016, 08:24:06 AM

Quote from: wildworld on November 24, 2016, 07:50:27 AM

With forex trading, I earn a lot of money, and certainly after the elections.
With a good trategy make good profits.
Forex trading is for me my daily work.

wow that's good mate do you have any certain rules that you followed or just instinct you use before buying your trade? i really like to have this type of daily investment but im not familiar and still trying to understand i can't afford paying broker that can guide me i'm still reading and watching videos about how to gain good profits inside forex.

I really don't think someone just say, I'm going do this trade just because it feels right, there must be some kind of analysis behind the decision, we cannot just use our instinct and the trade to me that will be like gambling.

StarofBTC

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Quote from: Theforextrader on November 24, 2016, 11:11:03 AM

Quote from: leeloo on November 24, 2016, 11:06:05 AM

Quote from: Theforextrader on November 24, 2016, 10:50:23 AM

did you know MM's can see your margin level and stop losses. if your margin level low they will move markets to grab contracts. thus risk management.

I heard it from multiple sources that even the some of the brokers themselves manipulate the market to trigger the stop losses of retail traders, and it was about big (internationally big) brokers, though obviously only ones that are MMs themselves. I read it from a systematic forex trader that his bot doesn't place stop losses for this reason, but follows the market and executes them manually.

well i can tell you it's true they do. i don't place stop losses i only do when there is news given mm's can do anything then. you may think you have a small balance why me? but they still do. we call it a stop hunt.

Manipulation in the forex market is most common. Sudden spikes and ledge are perfect witness to this (which may not be found with other brokers charts). I too heard many forex traders do not prefer trading with stop loss for this reason. Do not aware of bitcoin markets with these kind of manipulations, still possible.

Theforextrader

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Quote from: leeloo on November 24, 2016, 11:06:05 AM

Quote from: Theforextrader on November 24, 2016, 10:50:23 AM

did you know MM's can see your margin level and stop losses. if your margin level low they will move markets to grab contracts. thus risk management.

I heard it from multiple sources that even the some of the brokers themselves manipulate the market to trigger the stop losses of retail traders, and it was about big (internationally big) brokers, though obviously only ones that are MMs themselves. I read it from a systematic forex trader that his bot doesn't place stop losses for this reason, but follows the market and executes them manually.

well i can tell you it's true they do. i don't place stop losses i only do when there is news given mm's can do anything then. you may think you have a small balance why me? but they still do. we call it a stop hunt.

leeloo

newbie

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Quote from: Theforextrader on November 24, 2016, 10:50:23 AM

did you know MM's can see your margin level and stop losses. if your margin level low they will move markets to grab contracts. thus risk management.

I heard it from multiple sources that even the some of the brokers themselves manipulate the market to trigger the stop losses of retail traders, and it was about big (internationally big) brokers, though obviously only ones that are MMs themselves. I read it from a systematic forex trader that his bot doesn't place stop losses for this reason, but follows the market and executes them manually.

leeloo

newbie

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Quote from: mindrust on November 24, 2016, 10:42:39 AM

I know there are people who make money out of forex but they are getting less and less in the longer time frame.

While the winners are %20 in a 3 months time frame, they are %0.22 in 3 years. You know why? Because they played too long.

"citation needed"

I mean, you may have those stats, but they say nothing about the "why." For all we know, with such a low entry barrier and so much hype, myths, and charlatans out there, maybe only 0.22% of the people use sensible strategies. For 10,000 fools that's still 22 wizards, and they get the spoils from 9,978 others.

Quote from: mindrust on November 24, 2016, 10:42:39 AM

Things really get messy with forex. Forex players will never agree with this but its gambling and definitely not a job.

Actually, maybe that's one of the reasons for the above: most people don't treat it as a job, but use it as the means for their gambler's high. No surprise they play like idiots.

With gambling proper, you don't have an edge -- the house has the edge, period (and when it turned out to be not true, as with blackjack, they changed the game, blacklisted card counters, etc.)

Theforextrader

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Quote from: mindrust on November 24, 2016, 10:42:39 AM

Quote from: leeloo on November 24, 2016, 10:14:32 AM

Stop losses. Also, don't over-utilize your leverage. There are many people living off forex, but most who try blow up because they don't manage their risk exposure.

I know there are people who make money out of forex but they are getting less and less in the longer time frame.

While the winners are %20 in a 3 months time frame, they are %0.22 in 3 years. You know why? Because they played too long.

Things really get messy with forex. Forex players will never agree with this but its gambling and definitely not a job.

You can say; there isn't a guaranteed job neither, people lose their jobs too. And that's where i get confused. A bit.

I guess it can be a job as long as you make money:)

i disagree practice makes you better i've been trading for 4 years taught my friends they left their jobs within a year.

the 20% probably get greedy and once you change your lifestyle you can't really afford losses and they take more risks thus they lose and then when they get desperate they make mistakes. my account has only grown stick to the rules follow risk management.

every 1 lot size you must have $1000 in your account. don't trade more. average currency moves around 300 pips daily that is $300 a day and that is without even taking a risk.

yesterday we made $760 and that was on two currencies only.

those that have played it long consider it joke making money they earn in the weekdays in the weekend they blow it all.

did you know MM's can see your margin level and stop losses. if your margin level low they will move markets to grab contracts. thus risk management.

mindrust

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Quote from: leeloo on November 24, 2016, 10:14:32 AM

Stop losses. Also, don't over-utilize your leverage. There are many people living off forex, but most who try blow up because they don't manage their risk exposure.

I know there are people who make money out of forex but they are getting less and less in the longer time frame.

While the winners are %20 in a 3 months time frame, they are %0.22 in 3 years. You know why? Because they played too long.

Things really get messy with forex. Forex players will never agree with this but its gambling and definitely not a job.

You can say; there isn't a guaranteed job neither, people lose their jobs too. And that's where i get confused. A bit.

I guess it can be a job as long as you make money:)

Theforextrader

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Quote from: Fredomago on November 24, 2016, 10:07:43 AM

Quote from: Theforextrader on November 24, 2016, 09:50:21 AM

You can easily win at forex by simply following some rules. risk management for one.

are those rules really easy or its just a common thing most brokers offer i guess forex really take some time before we can understand how to play it properly and how to gain much stable its been a good source of income but a lots of things that still needed to learn from time to time.

took me 5 months to learn and haven't looked back ever since. you got to understand trillion of dollars not just floating around without a system in place. MM's love retail traders. i give signals see my signature.

rules being easy to follow depends on you. don't trade with emotions. NFP next week see how mm's play the markets on friday.

Topic: Bitcoin traders, why don't you just trade forex? - page 19. (Read 25308 times)