Bitcoin traders, why don't you just trade forex? - page 3.

sgenuine

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Quote from: SirLancelot on July 09, 2018, 05:52:19 AM

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.

Absolutely right, brother. I do not like these complications that is why I always choose the cryptocurrency. It is safe, fast, easy. You can enter the market now even if you have less than 100 dollars.

Beegovere

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Quote from: Brunusmagnus on July 03, 2018, 10:55:55 AM

Forex is very stable, yet money is lost.
The crypto are crazy, but with a little 'luck (a lot ...) you can get rich.

Another thing is that for forex you need to be experts in charting etc but for bitcoin altcoins trading that is not compulsory as it depends on news.

snewkadel

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For retail traders, in most cases you are trading against the house/FX dealer. They do everything they can to eat up all your money, i.e. huge bid/ask spread in volatile periods, spiking the price if you placed stop loss order, giving you a huge margin. There is nearly no way to trade in a relatively fair FX exchange unless you go into brokerage firm to trade in CME. Fair game does not apply on retail players in FX market.

osmo

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I keep learning in bitcoin trading to hone my skills, why I prefer bitcoin because I am interested in something new, actually I am also interested in forex but I only have time on Saturdays and Sundays because on another day I have to work, so I chose to trade bitcoin because bitcoin trading on Saturdays and Sundays can still be a transaction while the Saturday and Sunday forex is closed.

Sablinkstay

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Cryptomarkets are much more volatile, you can earn much more in much less time.

shulc7

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You can definitely trade on Forex if you know a lot about it. As for me, I know more about the cryptocurrency, therefore, I choose exactly crypto. Additionally, I have many coins. This video explains: https://www.youtube.com/watch?v=g7mYEd1inp4

cryptojaani

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Quote from: Brunusmagnus on July 03, 2018, 10:55:55 AM

Forex is very stable, yet money is lost.
The crypto are crazy, but with a little 'luck (a lot ...) you can get rich.

Both has the same risk, i has been in forex trading in 2 years but hard to get profit by consistent, i was learn about technical and fundamental analysis but often all that strategy does not work. I prefer to jump in to crypto market because i can get profit only by make investment in long term. Lets say we can make profit in 1 years in crypto about 10 times just by make investment in long term but in forex we should be full times trading to get the same profit.

connexus

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Bitcoin has better income potential compared in trading forex. Based on my experience bitcoin is too risky but the income is really worth it while forex trading the income is incomparable to the income comes from crypto currency.

SirLancelot

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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.

Gheka

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Quote from: margert on July 03, 2018, 04:48:23 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?

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.

Because the forex market is too large and complex, we have more experience and skill, it is still not enough for us to settle the situation in this market, the variables and unknowns in the forex are too much, exactly as you said, with only very minor mistakes our account can quickly return to zero. So regardless of whether we are new or old in the investment field, we should not be looking for good luck and wealth in forex, trading bitcoin is still the best place for all of us, sometimes this market will be difficult but it will soon recover and make us happy

Brunusmagnus

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Forex is very stable, yet money is lost.
The crypto are crazy, but with a little 'luck (a lot ...) you can get rich.

alminium

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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.

coffigayo

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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.

bluemoon84

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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.

margert

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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?

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.

spiker777

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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.

anonymous2020

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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?

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..

electronicash

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Quote from: Mover lake on June 17, 2018, 10:18:19 PM

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.

Choii

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Quote from: Kinkadeinspired on May 21, 2018, 01:07:46 PM

Forex is not easy as you think!
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.

Arwinkim

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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?

Topic: Bitcoin traders, why don't you just trade forex? - page 3. (Read 25231 times)