Bitcoin traders, why don't you just trade forex? - page 21.

capoeira

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Quote from: Omega Weapon on November 22, 2016, 08:49:43 PM

Quote from: capoeira on November 21, 2016, 10:12:18 AM

In Forex you can have leverages up to 1000x.
so you can make even the 1 minute graph a profitable one. So Forex moves much faster if you know how to. But I understand the dificulty of trading Forex when coming from cryptos. In cryptos you can simply ride the euforia and panic.

You forgot to add that you can lose your money as fast too, leveraging that much is a mistake I think unless you are really sure your analysis is spot on and you are going to make money no matter what.

you don't go "all in" in Forex, obviously. first thing to learn with leverage is position sizing

Omega Weapon

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Quote from: capoeira on November 21, 2016, 10:12:18 AM

In Forex you can have leverages up to 1000x.
so you can make even the 1 minute graph a profitable one. So Forex moves much faster if you know how to. But I understand the dificulty of trading Forex when coming from cryptos. In cryptos you can simply ride the euforia and panic.

You forgot to add that you can lose your money as fast too, leveraging that much is a mistake I think unless you are really sure your analysis is spot on and you are going to make money no matter what.

traderethereum

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i am too afraid to loss my money for trading forex because forex is more dangerous than bitcoin trading beside that i don't have any knowledge about forex and i am prefer to stay with trading bitcoin with altcoins and make a profit even for small profit.

veleten

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it is easier to double your money in Forex- just use a leverage that you need
the problem is it is much harder to get SUSTAINED profit in Forex as compared to crypto trading
due to a much higher volume of pure knowledge and experience forex trading is harder and more ,if I may say so,technical than crypta tading
it is influenced by rumors and events way more and is riskier
start with crypto trading at low amounts,then proceed to forex if you feel like
remember:trading is not for everybody,it is not a recepy for success,it is work,sweat,blood and tears

capoeira

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Quote from: Radenz on November 22, 2016, 02:29:03 AM

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?

Cryptocurrencies trading is more profitable than forex trading.
Sometimes, you can double your money in just few days.
However, it's risky.
I am actually interested to forex trading.
But, at this time i prefer bitcoin(& altcoins) trading to make more money.

In theory you can dubble your money in Forex in minutes

Caladonian

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Quote from: iamTom123 on November 21, 2016, 11:18:15 PM

Bitcoin is bringing a greater degree of excitement into the market and hence getting the attention of many currency traders or speculators. Not to mention the fact that its very volatile which can be an important factor that can be exploited to make more money in trading.

that fluctuation indeed is the most part of it, the way its move is more exciting to predict and just needed to focus at one movement at a time
place entry i personally think that its way greater than forex as this moment while volatility still ongoing.

Carlsen

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Quote from: Radenz on November 22, 2016, 02:29:03 AM

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?

Cryptocurrencies trading is more profitable than forex trading.
Sometimes, you can double your money in just few days.
However, it's risky.
I am actually interested to forex trading.
But, at this time i prefer bitcoin(& altcoins) trading to make more money.

I suppose with forex the competition is way bigger than with crypto.
Forex is known for decades, while cripto only exists for a few years.
I assume ther are many forex traders out there who don't even know you can trade crypto currencies as well.
But I do not think that there are many crypto traders who do not know what forex is.
So I think it is easier to make profit with crypto than with forex.

Radenz

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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?

Cryptocurrencies trading is more profitable than forex trading.
Sometimes, you can double your money in just few days.
However, it's risky.
I am actually interested to forex trading.
But, at this time i prefer bitcoin(& altcoins) trading to make more money.

iamTom123

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Bitcoin is bringing a greater degree of excitement into the market and hence getting the attention of many currency traders or speculators. Not to mention the fact that its very volatile which can be an important factor that can be exploited to make more money in trading.

capoeira

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In Forex you can have leverages up to 1000x.
so you can make even the 1 minute graph a profitable one. So Forex moves much faster if you know how to. But I understand the dificulty of trading Forex when coming from cryptos. In cryptos you can simply ride the euforia and panic.

Wintersoldier

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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?

The main reason is the continuous exceeding of bitcoin's rate. In bitcoin trading, you can double your money in just an hour, unlike in real life money exchange, you need too long to profit. I do also believe that bitcoin is the future payment mode of all online. It's cpacity to provide its holder is undiniably certain.

Caladonian

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Quote from: coynedterm on November 20, 2016, 09:26:42 PM

I was doing trading with both but unfortunately i found not much profit in forex . I found that i need a huge a huge amount of money to make deal to make small profit So i exited forex trading and only working on bitcoin trading .

that's right especially when you don't really have enough knowledge it is easy to burned out every investment you have, i find alt trading much easier as a personal experience just needed to focus with a known alts and check the ann page regularly here to gain info regarding for possible movements.

TomasLoden

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I find forex to be much harder to make a longtime profit vs stocks due to the large "out of nowhere" swings and news.

senyorito123

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For me crypto tradings is the most faster to earn since flactuations of coins move fluently and faster, so we can earn huge if we just follow its movements on hourly or daily basis, rather than forex tradings who we cannot assur that the certain thing we are trading at are moving today or tommorow since they are slowly moving on market basis. And also i think this thoughs well depend on people upon where they are fitted up and comfortable to trade on.

coynedterm

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I was doing trading with both but unfortunately i found not much profit in forex . I found that i need a huge a huge amount of money to make deal to make small profit So i exited forex trading and only working on bitcoin trading .

ChronoLite

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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

Victorycoin

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I happen to trade both markets from different points of view. For forex, trading is entirely margin trade and does require that certain parameters must be met for trading to take place like margin requirement There is the AML/KYC requirement to settle before most brokers would allow you use their platform. However cryptocurrency trading does not require much analysis and market watching and most traders are attracted to it, because margin trading is made optional here, so that far less amounts can be good to go for cryptocurrency trading.

veleten

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first of all to start trading bitcoin or any other cryptocurrency as compared to forex trading requires LESS:
a)information to be able to start,no need to study huge volumes of data,learn terms etc.
b)money to start,you can start trading with 10.000 satoshi on Yobit

c)time spent to monitor news and trends
d)worries about if the broker is legit and is not running with your hard earned deposit
crypta trading is generally easier to start and could bring more profit than Forex

dothebeats

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Tried to do it once, and it seems that it's just a far different environment than what we have at crypto trading, and I have lost some money from trading forex a year ago and right now I only do binary forex trading. Also, crypto seemed to have or contain a lot of money IMHO and as far as my experience goes with it.
Forex could be profitable if you already know the necessary things to live off of it and are quite familiar on the currencies you are trading and how well they perform.

electronicash

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ee can actually trade on Forex but crypto seem to be better. I do binary on Forex though. but i think the primary purpose why a crypto trade would prefer trading on crypto is because forex has margin call which eventually lets us exit to a buy/sell position with loss.

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