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. 
Topic: Bitcoin traders, why don't you just trade forex? - page 24. (Read 25184 times)
commissions are wayyyy lower...it often takes minutes only to break even
+1 on this. Commissions on all BTC exchanges are shameless, up to 4-5x higher than on forex exchanges. They are getting lower as competition of quality exchanges mounts up after Mt. Gox disaster, but probably has to be lowered more to some sensible levels. Right now you have to catch almost 10 US$ price difference just to break even (profits go to commision) on one buy/sell cycle.
Because:
Low volatility
+
High commissions
=
Less room for profit
Low volatility
+
High commissions
=
Less room for profit
you never traded Forex
volatily is as high as you want....you modify it with leverage as high as 500 on some brokers
commissions are wayyyy lower...it often takes minutes only to break even
Because:
Low volatility
+
High commissions
=
Less room for profit
Low volatility
+
High commissions
=
Less room for profit
btw, 98% is perhaps true for the noobs.......those who dont give up, have much, much better ods (after a steep, and somtimes expensive, learning curve)
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?
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
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?
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..
Crypto is a walk in the park next to those markets
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?
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.
I don't trade forex because the 10:1 or higher margin is too risky.
At least with bitcoin if it goes to $100 usd, that same bitcoin if I hold it, can go back to my original value, say $650 per btc.
In forex, that same drop will wipe out my account because of the leverage. Multiplicative losses beats any gains. It's essentially gambling.
At least with bitcoin if it goes to $100 usd, that same bitcoin if I hold it, can go back to my original value, say $650 per btc.
In forex, that same drop will wipe out my account because of the leverage. Multiplicative losses beats any gains. It's essentially gambling.
position sizing is the answer
Forex is fiat bitcoin is the future 
if Bitcoin is the future it will be in Forex
Forex is fiat bitcoin is the future
you can't trade Forex pairs in them.....but I hope this will come soon
Speaking of which, we are measuring interest in such service. In your (this topic readers/writers) opinion, are you interested in trading USD/BTC pair with BTC being your account currency. E.g. you buy the base currency of the pair (USD), and sell quote currency of the pair, which is BTC.
Quotes would be like 1.5898, which means that for every 1.5898 BTC that you sell, you purchase US $1000.
or
are you interested in trading BTC/USD pair, with USD being your account currency. Quotes would be like 628, which means that for every $628 that you sell, you purchase 1 BTC.
It would be interesting to get this kind of feedback, as each way has its own pros and cons.
Who said MtGox doesn't trade against people? There's no regulation, remember? No laws against conflict of interest, nothing like that. Your data provider, broker, exchange, and opposing trader are ALL the same person (like literally one or two guys, not just a business entity) in Bitcoin land. But yet people think regular FX is too rigged and risky?
Unlike rigged forex which trolls like you like to promote, mtgox doesn't have any long term interest in doing so.
Lol turns out mtgox didn't have any long term interest in anything else either
hahaha
I realy hope we get crypto based forex trading soon. Guess FxOpen will have it one day
I believe FXOpen already has crypto-based forex trading, using their crypto accounts you can have Bitcoin or Litecoin denominated accounts. you can't trade Forex pairs in them.....but I hope yhis will come soon
Who said MtGox doesn't trade against people? There's no regulation, remember? No laws against conflict of interest, nothing like that. Your data provider, broker, exchange, and opposing trader are ALL the same person (like literally one or two guys, not just a business entity) in Bitcoin land. But yet people think regular FX is too rigged and risky?
Unlike rigged forex which trolls like you like to promote, mtgox doesn't have any long term interest in doing so.
Lol turns out mtgox didn't have any long term interest in anything else either
hahaha
I realy hope we get crypto based forex trading soon. Guess FxOpen will have it one day
I believe FXOpen already has crypto-based forex trading, using their crypto accounts you can have Bitcoin or Litecoin denominated accounts. Forex is a lot harder to trade than bitcoin.
it sure is
Forex is a lot harder to trade than bitcoin.
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?
Yah Im also wondering about this. Do BTC FOREX TRADERS earn fast than a normal real forex trading?So, to all the bitcoin traders out there... what are your reasons for trading these shady, unsafe bitcoin markets over regular FX?
if you can handel Forex than it makes no sense to trade BTC...while BTC offers oportunity to trade like once a day, on Forex you have one once a minute
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?
Yah Im also wondering about this. Do BTC FOREX TRADERS earn fast than a normal real forex trading?So, to all the bitcoin traders out there... what are your reasons for trading these shady, unsafe bitcoin markets over regular FX?
Who said MtGox doesn't trade against people? There's no regulation, remember? No laws against conflict of interest, nothing like that. Your data provider, broker, exchange, and opposing trader are ALL the same person (like literally one or two guys, not just a business entity) in Bitcoin land. But yet people think regular FX is too rigged and risky?
Unlike rigged forex which trolls like you like to promote, mtgox doesn't have any long term interest in doing so.
Lol turns out mtgox didn't have any long term interest in anything else either
hahaha
I realy hope we get crypto based forex trading soon. Guess FxOpen will have it one day
Who said MtGox doesn't trade against people? There's no regulation, remember? No laws against conflict of interest, nothing like that. Your data provider, broker, exchange, and opposing trader are ALL the same person (like literally one or two guys, not just a business entity) in Bitcoin land. But yet people think regular FX is too rigged and risky?
Unlike rigged forex which trolls like you like to promote, mtgox doesn't have any long term interest in doing so.
Lol turns out mtgox didn't have any long term interest in anything else either
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