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Topic: Bitcoin traders, why don't you just trade forex? - page 5. (Read 25184 times)

member
Activity: 377
Merit: 10
The Premier Digital Asset Management Ecosystem
This is the last generation) Those who follow innovations always are interested in new trends. i am one of them and i think that crypto is our future I can imagine how in 2025 for example we use it as our main currency
member
Activity: 98
Merit: 10
Bitcoin's trading is less risky than Forex, and its price is going up highly and a lot faster than fiat currencies. You can make making good profit by trading Bitcoin in short amount of time and with lowest risks.
newbie
Activity: 47
Merit: 0
I am a kind of merchant which purchasing in spot showcase. Truly it will require all the more beginning asset however it is less hazard then laverage exchanging. I am hodler for no less than one month that is the reason I exchange on digital forms of money. Spot exchanging can likewise gives me great return.
newbie
Activity: 70
Merit: 0
The usual Forex is a casino in which you bet and your chances of losing are twice as high as winning.
full member
Activity: 434
Merit: 117
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 don't have prior knowledge about forex, it is the reason why I can say that cryptocurrency trading is more better. Cryptocurrencies are too volatile, I always using the volatility of the cryptocurrencies as advantage for me to earn money from trading.
newbie
Activity: 56
Merit: 0
I used to trade Forex, and still occasionally do. But the rewards in crypto trading by far outweigh the risks. Why trade Forex and get measly one figure ROIs when you can trade crypto and get three figure ROIs? Plus, crypto is way cooler  Grin
Ucy
sr. member
Activity: 2674
Merit: 403
Compare rates on different exchanges & swap.
Forex? very risky my dear! lol. Will never recommend Forex to small traders. I had really bad experience trading it some years back (2003—2011). Spent lots money on books and seminars  with little to show for it.  Crypto very volatile but there is always hopes of being rewarded one day plus this beautiful feeling of being in charge of your funds.(I trade only on DEXs including on erc20 exchanges)
newbie
Activity: 11
Merit: 0
even if forex is quite popular, trading in crypto looks safer I think
newbie
Activity: 98
Merit: 0
Why not? I personally know a coulpe of pretty successful cryptotraders who came just from Forex online. As you can understand, market laws are the same. We do have some speciric features like higher volatility with cryptos, but all together, it's absolutely the same. You can do 1, then you can do both
full member
Activity: 395
Merit: 100
Market Integration Platform
I do work both with the cryptocurrency market as well as with forex but I need to get more knowledge about the last one because what I know is not enough to feel secure when forex trading.
member
Activity: 271
Merit: 10
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 think you should not trade bitcoin in the forex market because you can see that the price of bitcoin is fluctuating continuously and in very large amplitudes, if you trade forex you will lose very heavily. The price of bitcoin has never been stable since its inception, but bitcoin prices are rising, but this is only a short-term view.
legendary
Activity: 966
Merit: 1004
CryptoTalk.Org - Get Paid for every Post!
We are trading crypto currency because we want it to be promoted and gain more demands,
We want it to be known for everyone so they could also gain profit from crypto currency,
I think forex trading is profitable but alt-coin or crypto currency trading could gain more profit and way more daster than forex.
In profit forex makes much bigger than crypto. This crypto is much volatileand based on projects unlike the typical trading of forex or stock mart trading. Both has its own ways or advantage, people will decide which they want to trade and with their own skills to trade on this platforms.
member
Activity: 392
Merit: 10
Yes, Forex is a popular trade exchange but I think that we should move further and bitcoin is an innovative digital currency. This is a currency of the future and soon more people will give preference to it. I think it is wiser to choose more modern technologies
hero member
Activity: 938
Merit: 500
CryptoTalk.Org - Get Paid for every Post!
We are trading crypto currency because we want it to be promoted and gain more demands,
We want it to be known for everyone so they could also gain profit from crypto currency,
I think forex trading is profitable but alt-coin or crypto currency trading could gain more profit and way more daster than forex.
hero member
Activity: 1344
Merit: 502
Leading Crypto Sports Betting & Casino Platform
I guess to trade of forex is very risk than trade of bitcoin
I prefer to trade of bitcoin, bitcoin is an asset we can hold them when the price is going down and in forex you can't do that, because possible your balance is not enough to avoid is margin call
full member
Activity: 560
Merit: 217
Because i dont like to trade using laverage and it will make me lose my house by trading with laverage. I am a type of trader which buying in spot market. Yes it will need more starting fund but it is less risk then laverage trading. I am hodler for at least one month thats why i trade on cryptocurrencies. Spot trading can also gives me good return.
hero member
Activity: 1050
Merit: 508
If we are talking about more reliable and safe exchanges then why not simply trade on stock markets? As simple as that. Forex trading is the most complicated and difficult market in trading. There is no such thing as smooth trading in a small amount of $25. They will offer higher stakes but it can easily rekt your positions.

Besides, margin trading is funny ridiculous betting. I would prefer to visit a casino to play poker.
member
Activity: 406
Merit: 19
So, to all the bitcoin traders out there... what are your reasons for trading these shady, unsafe bitcoin markets over regular FX?

With so many models the currency in circulation, the greater the benefits and risks. Bitcoin trading is similar to Forek because basically the nature of trading is to exchange one currency for another which is the principles of Forex. However, unpredictable Bitcoin price movements have different effects on Forex trading.
I know, Bitcoin has created a trading market with a risk that has not reached its potential. However I'm happy to run it because bitcoin trading is easier to do.

member
Activity: 308
Merit: 10
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.
full member
Activity: 413
Merit: 100
For me forex trading is somewhat difficult, forex has more complicated characteristics and a little bit confusing. And  Forex need quite amount of money and it is difficult fro me to deposit. So I'm more suit trading in crypto currency.

If there's more complicated ideas with forex, then you don't have enough funds to do the trading together with the knowledge maybe you should choose cryptocurrency. In cryptocurrency you'll have a short term holds that can be done by three months, then after that you'll decide to take the profit that you earned. But in forex you needed to hold your assets maybe a year of more, because the grow of your investments was so slow to increase.
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