Topic: Bitcoin traders, why don't you just trade forex? - page 5. (Read 24933 times)
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
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.
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. So, to all the bitcoin traders out there... what are your reasons for trading these shady, unsafe bitcoin markets over regular FX?
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. 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.
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
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.
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.
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
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
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.
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.
Besides, margin trading is funny ridiculous betting. I would prefer to visit a casino to play poker.
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.
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.
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.
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.
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.
I have lots of hope for very promising bitcoin's future because of the value that it has been reaching before plus I think dealing with cryptomarket is much more safe than the forex trading.
Bitcoin traders is the best choice to be choose than to trade forex because bitcoin traders have a greater income to gain than trade forex, we just being practical here, to be profitable in this business.
This post was from 2011 and if people have followed his advised then some of them may have lost million of dollars. $1 from 2011 is now has a lesser value because of inflation while in the otherhand bitcoin price have increased hundred times more. Now which is better forex or crypto trading.
Forex is dangerous if you don't have solid skills. I lost lot of coin due to my bad trades. 
I just covered some losses thank to EA and managed account from some experienced traders.
I just covered some losses thank to EA and managed account from some experienced traders.
There is a big difference between those two markets. I heard one video just recently about it. People cant just use similar principles there.
Besides, bitcoin trading is more beneficial than any other one. Even if a person does not go with this profession and decides to just hold his coin for few years, he would be able to make ample amounts of profits by this simple deed also. Bitcoin is not famous for nothing. It really gives the most profit possible. Trading demands some good skills and dealing with the most volatile coin is pretty tough but most beneficial. I think trading in forex is more dangerous and has a very high risk than cryptocurrency, not only that in the cryptocurrency of the total movement of supply coin is also very clear and the price increase is also very clearly different from the forex that is not too clear the price movement.
I don't agree with you my friend, do you know the fluctuation of Bitcoin is the way much more than forex in every side ?The fluctuation will decide the income or the loss , that's why Bitcoin is the most profitable market if you're comparing with others.
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