Bitcoin traders, why don't you just trade forex? - page 23.

capoeira

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Quote from: helir on June 15, 2016, 08:28:55 AM

Quote from: k on July 09, 2011, 09:46:09 AM

i don't do trading in traditional forex or bitcoin but my impression would be if you are trading in traditional forex you would be competing with many many big players with a lot more information/advantages than you would likely have.

A little fish in a plenty of sharks ocean

like in Bitcoin

helir

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Quote from: k on July 09, 2011, 09:46:09 AM

i don't do trading in traditional forex or bitcoin but my impression would be if you are trading in traditional forex you would be competing with many many big players with a lot more information/advantages than you would likely have.

A little fish in a plenty of sharks ocean

0nThe0therHand

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Hi,
You could try AvaTrade they have leverage 1:20 for Bitcoin and Litecoin:
http://www.avatrade.com/
This broker is regulated by CySEC, Cyprus Securities and Exchange Commission and you can get Welcome Bonus up to $10,000

capoeira

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Quote from: griffga on August 03, 2014, 10:38:54 PM

but I was looking for something that offered a little more.

3:1
https://www.fxopen.com/News.aspx?Id=8d12a6d7-c216-431c-8a06-93aa689a1bc8&agent=836159

griffga

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Has anyone here with a mind towards forex used btc.sx or anything similar that gets more than 2.5:1 leverage? I know that Bitfinex offers 2.5:1, but I was looking for something that offered a little more.

daybyter

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One of my problems is the FIX API. I think it's a lot more complicated than most REST APIs.

cryptofan5

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I think it comes down to an individual mind set. For some people its easier to grasp the idea of trading in bitcoin rather then in fiat currencies. Every generation there seem to be new instruments appear: CFD, binary options, crypto-currencies. Maybe because it is easier for people in the current generation to understand them.

capoeira

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Quote from: trader001 on July 31, 2014, 01:44:15 PM

Quote from: capoeira on July 11, 2014, 08:18:23 AM

Quote from: FelixOliver on July 11, 2014, 03:38:28 AM

Quote from: Zer0Sum on July 10, 2014, 09:03:41 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?

You are aware that Forex is a Zero Sum Game = 98% forex traders lose?

No, I didn't think so.

So is Bitcoin... in fact, anything where someone's loss is someone else's gain is a zero sum game

doesn't mean you can't pull in huge returns from Forex if you know what you're doing. What I will say though is, in Forex, the odds are stacked against you - what with all the institutional players and professional day traders who have been scalping that market for decades..

It's much easier to pull massive home runs from crypto

i agree, especialy with the first sentence, and would add to the rest: they biggest sharks are still not in the Bitcoinlake, which makes it easier for smaller ones and those who want to be one, including Mr. Zer0Sum

And the bitcoinlake is growing. Soon it will be filled with sharks and all the small fish get eaten up.

well how many people bought on top of the bubbles? there are always fishes beeing eaten.
But the biggest sharks will come after this market has some rules

trader001

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Quote from: capoeira on July 11, 2014, 08:18:23 AM

Quote from: FelixOliver on July 11, 2014, 03:38:28 AM

Quote from: Zer0Sum on July 10, 2014, 09:03:41 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?

You are aware that Forex is a Zero Sum Game = 98% forex traders lose?

No, I didn't think so.

So is Bitcoin... in fact, anything where someone's loss is someone else's gain is a zero sum game

doesn't mean you can't pull in huge returns from Forex if you know what you're doing. What I will say though is, in Forex, the odds are stacked against you - what with all the institutional players and professional day traders who have been scalping that market for decades..

It's much easier to pull massive home runs from crypto

i agree, especialy with the first sentence, and would add to the rest: they biggest sharks are still not in the Bitcoinlake, which makes it easier for smaller ones and those who want to be one, including Mr. Zer0Sum

And the bitcoinlake is growing. Soon it will be filled with sharks and all the small fish get eaten up.

capoeira

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Quote from: Ayers on July 31, 2014, 12:31:41 PM

because the swing on forex a re less substantial, bitcoin is more volatile this is good for traders

should read the answers before responding.

Ayers

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because the swing on forex a re less substantial, bitcoin is more volatile this is good for traders

capoeira

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so, how to trade Forex with Bitcoins?

I opened a thread here: https://bitcointalksearch.org/topic/trading-forex-with-bitcoin-depositwithdraw-716530

capoeira

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Quote from: Gimmelfarb on July 14, 2014, 01:05:36 PM

i'm pretty sure i would get slaughtered in forex. trading bitcoin has been easy for me, but lots more professionals and much higher leverage necessary in forex. in bitcoin, if i'm wrong on a long call, i can just baghold.

the only problem is that you are trading faith. there is no garantee that BTC will always rise longterm. probably bagholders wont loose in the end, but what if BTC never goes over 700 again? many people will cry

Gimmelfarb

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i'm pretty sure i would get slaughtered in forex. trading bitcoin has been easy for me, but lots more professionals and much higher leverage necessary in forex. in bitcoin, if i'm wrong on a long call, i can just baghold.

capoeira

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Quote from: leancuisine on July 14, 2014, 11:01:44 AM

Quote from: capoeira on July 14, 2014, 10:31:28 AM

Quote from: leancuisine on July 14, 2014, 10:30:02 AM

Quote from: capoeira on July 14, 2014, 07:21:31 AM

volatily is as high as you want....you modify it with leverage as high as 500 on some brokers

A few brokers offer 1:3000 leverage. Wink

I wouldn't trust such a broker

There is a few such as FXGlory and Instaforex that are licensed and established. I presume they allow it so that they make more from losing traders and spreads. Tongue

anyways, 500 is enough, even for a scalper

leancuisine

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Quote from: capoeira on July 14, 2014, 10:31:28 AM

Quote from: leancuisine on July 14, 2014, 10:30:02 AM

Quote from: capoeira on July 14, 2014, 07:21:31 AM

volatily is as high as you want....you modify it with leverage as high as 500 on some brokers

A few brokers offer 1:3000 leverage. Wink

I wouldn't trust such a broker

There is a few such as FXGlory and Instaforex that are licensed and established. I presume they allow it so that they make more from losing traders and spreads. Tongue

capoeira

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Quote from: Sydboy on July 14, 2014, 10:33:05 AM

Most traders are probably between 14-16 and can't get their parents permission :p
Good ol' bitcoin.. letting people gamble and trade etc.

Sydboy

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Most traders are probably between 14-16 and can't get their parents permission :p
Good ol' bitcoin.. letting people gamble and trade etc.

capoeira

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Quote from: leancuisine on July 14, 2014, 10:30:02 AM

Quote from: capoeira on July 14, 2014, 07:21:31 AM

volatily is as high as you want....you modify it with leverage as high as 500 on some brokers

A few brokers offer 1:3000 leverage. Wink

I wouldn't trust such a broker

capoeira

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Quote from: itod on July 14, 2014, 10:14:49 AM

Right now you have to catch almost 10 US$ price difference just to break even (profits go to commision) on one buy/sell cycle.

it's about $3,50 on fxopen for me

that's 0,5%

on forex it get's as low as 0.0025% (2.5 units of base currency for 100,000 on fxopen's ecn for example)

also spread on forex get's as low as 0,01% (one pip), while in BTC you often have 0,5% spread

Topic: Bitcoin traders, why don't you just trade forex? - page 23. (Read 25184 times)