First of all forex requires a lot more serious legalities. You need to get an account, link your bank account, give permissions, pay them etc etc a lot of stuff. I trade on binance and I have not verified myself and never sent any documentation to anyone.
Forex is different, you need to be professional about it, and there are so many people trying to abuse it. Trading crypto currency is a lot easier and a lot more satisfying now that "whales" are not as dangerous as forex.
Topic: Bitcoin traders, why don't you just trade forex? - page 3. (Read 24933 times)
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?
I believe that if you are new to the market and have no experience then I think you should only trade bitcoin and should not engage in forex. It can be seen that the forex market is very large and very complex, only a small flaw in the transaction you may be burning the account and lose all. The bitcoin market is still in a bear market in the long run so trading becomes more difficult.So, to all the bitcoin traders out there... what are your reasons for trading these shady, unsafe bitcoin markets over regular FX?
Forex is very stable, yet money is lost.
The crypto are crazy, but with a little 'luck (a lot ...) you can get rich.
The crypto are crazy, but with a little 'luck (a lot ...) you can get rich.
Yes for the moment I do not trade in traditional forex or Bitcoin but if I trade in traditional forex I will definitely compete with many big players. I think forex is too risky than cryptocurrancy because I have to stay in front of the computer, keep an eye on the price and sell if I make a profit or cut a loss if it loses money. but I prefer trading cryptocurrancy because it is easier for me, the indicator is not too much than forex.
I can not take some big risks like everyone does. As others have pointed out, it's filled with inexperienced traders like me who have no experience in the market so I do not feel like I'm in the water.
Because at the end of the day, I want to be holding bitcoin not Zimbabwe dollars.well if you cant risk couple grand like everybody does - then dont start really, you cant move much more than that out in a day anyway.I trade both along with stocks and options.sorry to inform you but the gains far outdo the risks for a smart trader, with thousands of stupid traders it makes it insanely easy to predict the price.
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?
I believe that if you are new to the market and have no experience then I think you should only trade bitcoin and should not engage in forex. It can be seen that the forex market is very large and very complex, only a small flaw in the transaction you may be burning the account and lose all. The bitcoin market is still in a bear market in the long run so trading becomes more difficult. So, to all the bitcoin traders out there... what are your reasons for trading these shady, unsafe bitcoin markets over regular FX?
Bitcoin allows for day to day trading. Although forex may offer this there is no shady banks rigging the prices like with the stock market. Although bitcoin can be pumped it can’t be pumped as easily. Although I’m sure of the big investors in Bitcoin also do Forex as well as I think that is where they would have come from. Also, with forex there is often only fluctuation by a fraction of percent daily, whereas this margin is much higher with crypto, allowing profit (and loss) to occur more frequently. Any experienced trader can generate profit much faster with cryptocurrency, simply because price changing events are much more common, and the fluctuations significantly higher.
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?
Simply because we don't want centralization and forex is centralized, I want the higher volatility of bitcoin if I'm lucky enough the amount would doubled or tripled. If it goes down I still have chance of profiting when price goes high.. So, to all the bitcoin traders out there... what are your reasons for trading these shady, unsafe bitcoin markets over regular FX?
I feel like crypto has more volatily than fx so the return that you can get is better, also you can get information much easier than on fx. It's also easy to drive the price based on rumour on crypto so there's a lot of rumour going on and you just have to trade according to it. The last thing is there's a lot of people who don't understand how economic works in crypto so the amount of stupid money is a lot and i can profit from their trade mistakes.
actually I find FOREX easy than in crypto. the market is somehow unified and most brokers have their modified metatrader which is easy to set up than the exchanges in crypto. the candle sticks and the indicators are neat that you can actually used so long as you install the program which means you can run it. and you can take advantage well when price goes down. in crypto exchanges can load terribly.
Forex is not easy as you think!
Crypto is volatile but its still the best market ever.
Crypto is volatile but its still the best market ever.
There's no such thing as an easy way when it comes on trading, both have a risk that you need to handle it. But anyways, i think trading in bitcoin or even any altcoin is more profitable than trading in forex. And in forex, before you can start you need to have a big capital to earn a lot more, but in crypto even you don't have a lot of money, you can start to trade.
No, thanks. Trading Bitcoin is much simpler trading Forex. It is easy to make a price movement projection in Bitcoin than Forex chart. Forex is rather difficult to predict without considering external factor like news, sentiment, rumor, major world economic calendar, world summit etc. Besides, forex brokerage notoriously can manipulate their chart. However, I have to admit not all of them. Basically, you trade against your own broker not the real market. Do I forgot to mention about broker's rules that you have to be verified to deposit and withdraw money even for $10?
I feel like crypto has more volatily than fx so the return that you can get is better, also you can get information much easier than on fx. It's also easy to drive the price based on rumour on crypto so there's a lot of rumour going on and you just have to trade according to it. The last thing is there's a lot of people who don't understand how economic works in crypto so the amount of stupid money is a lot and i can profit from their trade mistakes.
What a strange question. You do not tell the full truth because real forex is a field for banks and professionals with a big capital but what you call forex it is not real forex it is a "kitchen". Instead of this crypto market is real and clean market like stock market.
And pay attention that min lot on real forex is 100000. When you tell us about min deposit 25$ it means that trading is not on real forex and it means that you will rival with your broker because he is your contractor.
And pay attention that min lot on real forex is 100000. When you tell us about min deposit 25$ it means that trading is not on real forex and it means that you will rival with your broker because he is your contractor.
In this statement that bitcoin traders, why dont you just trade forex, the main reason why it because in forex exchange currency the income or profit is not have a good amount in range to be offered in the investors to be profitable in this business.
This OP is from 2011. Anyone trading on Forex from 2011 would most likely have lost all their money, since stats say that 95% of Forex traders lose money.
On the other side, anyone starting to trade Bitcoin from 2011 would now likely we very very rich.
I think this answers this question once and for all.
On the other side, anyone starting to trade Bitcoin from 2011 would now likely we very very rich.
I think this answers this question once and for all.
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?
LOL. This is a big joke. You must be blind, mate. I bet you do not understand crypto nor its trading and how they work. Neither do you appear to know about Bitcoin. Bitcoin is an unsafe market? That is not true even if there is also some amount of risk involved in Bitcoin trading. In Forex trading, the amount of risk is much bigger. There are also manipulators. Do you know that? The banks have the biggest profit in that thing you call real trading.
I would say that people are more attracted to the bitcoin now because the crypto market is more welcoming to those who do not have a lot of money to start with when Forex asks for bigger investments to earn some profit.
To be honest I left the world of forex because I failed even though it's been over 2 years trying. In forex we cannot just use our instinct to trade, so it make more difficult. So,I think that trading on alts and bitcoin is more profitable than trading on Forex.
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.
Haha. Good joke. Yes, I am not dealing with forex for this reason and the other one: I do not trust it. I started to work with the cryptocurrency years ago, and I am doing it still.
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