Topic: choose forex trading or crypto trading..? (Read 324 times)
Many of the basics in both forex and crypto trading apply, but if you've got more experience in one type of market than another, stick to the market you already know and improve on that. Things don't behave the same way all the time depending on what you're trading, and you'll mostly be learning about these little details from experience. I would definitely say forex is much more technical than crypto most of the time, though.
Crypto and forex trading both of different strategy in individual platform. I think forex is the biggest trading platform in the whole world which is trillion dollars market place. But personally i think forex is more difficult and risky than crypto trading. In the forex your initial money turn into zero and which is never recover without new deposit. I think crypto is more familiars and more possibility to profit here. But crypto is also high risky investment. I am going with crypto trading and i have no experienced in the forex trading platform.
before getting to know cyrpto I was involved in forex trading, then I switched to crypto trading, I think it's the same as forex trading turns out different, crypto is more difficult to predict and the movements are often irregular, for those of you who trade forex, it's more convenient forex or crypto,?
if I personally prefer analyzing in forex trading, but in the trading system it prefers crypto trading, I hope someday the crypto exchange will include various national currencies, so it not only provides crypto exchange but also exchange money between countries.
You are right, cryptocurrency is more difficult and more technical than Forex, and analysis works better for Forex than cryptocurrencies, if you are a guru in trading cryptocurrency, I don’t think the guru should find it difficult to trade Forex especially in the aspect off using technical analysis to forecast price.if I personally prefer analyzing in forex trading, but in the trading system it prefers crypto trading, I hope someday the crypto exchange will include various national currencies, so it not only provides crypto exchange but also exchange money between countries.
The very big advantage that cryptocurrency trading has over Forex is that the profit that you get on it is much more bigger and larger than Forex, and in cryptocurrency, it would be impossible for your trade to zero provided that you are not on margin trade, so if you are having a normal trade and your trades are not going well, you can just decide to turn it to an holding till the coin recovers again for you to Pick up from where you left it.
before getting to know cyrpto I was involved in forex trading, then I switched to crypto trading, I think it's the same as forex trading turns out different, crypto is more difficult to predict and the movements are often irregular, for those of you who trade forex, it's more convenient forex or crypto,?
if I personally prefer analyzing in forex trading, but in the trading system it prefers crypto trading, I hope someday the crypto exchange will include various national currencies, so it not only provides crypto exchange but also exchange money between countries.
if I personally prefer analyzing in forex trading, but in the trading system it prefers crypto trading, I hope someday the crypto exchange will include various national currencies, so it not only provides crypto exchange but also exchange money between countries.
Crypto is much more fun to trade because of all the volatility and it's 24/7 nature. Unlike stocks which only trade 8 hours a day, 5 days a week, and no holidays, crypto is a different beast which can make you rich beyond your dreams, or can grind your portfolio to dust.
So for me, it's much more convenient to trade forex because of the stability and pace, however, it's hella more fun to risk trading in crypto.
before getting to know cyrpto I was involved in forex trading, then I switched to crypto trading, I think it's the same as forex trading turns out different, crypto is more difficult to predict and the movements are often irregular, for those of you who trade forex, it's more convenient forex or crypto,?
if I personally prefer analyzing in forex trading, but in the trading system it prefers crypto trading, I hope someday the crypto exchange will include various national currencies, so it not only provides crypto exchange but also exchange money between countries.
Honestly, i am not try Forex yet. Because, my friend told me he must learn 1 year about it first before start trading. That is why i jump on crypto, because i think it is more simple than forex. Especially if see a lot of people lose in forex trading (although i know if a lot others can make a living with forex trading). if I personally prefer analyzing in forex trading, but in the trading system it prefers crypto trading, I hope someday the crypto exchange will include various national currencies, so it not only provides crypto exchange but also exchange money between countries.
Many things must be learned because they both have similarities and differences.
I prefer crypto even though it is still amateur, but if one day you have to learn forex maybe it should be tried.
we must try both then compare. that's very fair.
I prefer crypto even though it is still amateur, but if one day you have to learn forex maybe it should be tried.
we must try both then compare. that's very fair.
Forex and crypto trading are quite similar to each other only it matters about the risk and currency involves. Crypto trading is riskier than of Forex trading but if think in terms of gaining percentage, it gladly to say that we can get more here in crypto.
Take a look at this https://www.ig.com/za/trading-strategies/forex-vs-bitcoin--what-are-the-differences--190321 it helps to decide which one is more appropriate for us individually.
Take a look at this https://www.ig.com/za/trading-strategies/forex-vs-bitcoin--what-are-the-differences--190321 it helps to decide which one is more appropriate for us individually.
Don't even think about forex trading. You know, crypto trading is better, here you can find more assets and you don't need to pay taxes, it is easier to deposit and withdraw funds. Crypto trading has no regulations, so profit and volatility has no limits!
Basic trading fundas in both forex trading and crypto trading are same but crypto platform is very new whereas forex platform are older one with lots of options to adust trading platform as per your convenience. MT4 trading platform commonly used for forex trading has wider feature to add various indicators so the professional traders can predict the market easily and daily volume in forex market is very high as compared to any other financial market. Crypto market is much volatile as compared to forex market so one can make good profit even by not taking high leverage trades in crypto.
I agree with you that the volume in the forex market is exponentially higher than in the crypto market, but regarding the charting platform - TradingView has a much more superior interface, indicators and functionalities which are more user friendly than the MT4 which requires a larger learning curve. This is my opinion though.. maybe some of the traders out there prefer the old school MT4 or MT5 UI.
before getting to know cyrpto I was involved in forex trading, then I switched to crypto trading, I think it's the same as forex trading turns out different, crypto is more difficult to predict and the movements are often irregular, for those of you who trade forex, it's more convenient forex or crypto,?
The thing with forex is that, the chances of making windfall profits is very less. I don't trade much but whenever I do, I try to target huge returns no matter what level of risk involved. This thing is not possible with forex, any currencies pair in forex fluctuates by like 1-2% which is not enough. With crypto, one can make even like 10-20% in a day.
Quote
if I personally prefer analyzing in forex trading, but in the trading system it prefers crypto trading, I hope someday the crypto exchange will include various national currencies, so it not only provides crypto exchange but also exchange money between countries.
That doesn't make any sense. Crypto Exchanges have such trading system because these are concerned with the trading of cryptocurrencies which are not regulated in most of the countries. But listing forex on such exchanges will bind them to Foreign Exchange Regulation Act which is prevailed in almost all the countries thus making such exchanges like an ordinary forex platform.
Basic trading fundas in both forex trading and crypto trading are same but crypto platform is very new whereas forex platform are older one with lots of options to adust trading platform as per your convenience. MT4 trading platform commonly used for forex trading has wider feature to add various indicators so the professional traders can predict the market easily and daily volume in forex market is very high as compared to any other financial market. Crypto market is much volatile as compared to forex market so one can make good profit even by not taking high leverage trades in crypto.
I prefer crypto trading because it is more profitable in my view, and even with a small budget you can make some earning and grow up your trading capital to make bigger profits. Forex is riskier and to make real money you have to trade with big amounts and take the biggest risks.
Also, the volatility of cryptocurrencies is making these assets more attractive than fiat assets traded generally with forex.
Also, the volatility of cryptocurrencies is making these assets more attractive than fiat assets traded generally with forex.
Actually the volatility at some point are making forex trader backing away from crypto because of the stability of the prices unlike the major currencies. The movement of prices in major currencies are just cents, it doesn't fluctuate for a hundred dollars in less a than a day unlike with BTC.
But the way to earn with Forex is the pipspread which leverage can turn them into more than $1 per pip and thats when you can see the difference between the two markets.
I prefer crypto trading because it is more profitable in my view, and even with a small budget you can make some earning and grow up your trading capital to make bigger profits. Forex is riskier and to make real money you have to trade with big amounts and take the biggest risks.
Also, the volatility of cryptocurrencies is making these assets more attractive than fiat assets traded generally with forex.
Also, the volatility of cryptocurrencies is making these assets more attractive than fiat assets traded generally with forex.
I prefer trading in crypto, why?
Because trading in cryptocurrency is more risky than forex. I really love high risk.
There is some different between forex and crypto.
In forex, data chart is like same in every broker. But in crypto that is different between one exchanger to other, also we can see how much people willing buy or sell.
For me crypto is more fun and real.
Because trading in cryptocurrency is more risky than forex. I really love high risk.
There is some different between forex and crypto.
In forex, data chart is like same in every broker. But in crypto that is different between one exchanger to other, also we can see how much people willing buy or sell.
For me crypto is more fun and real.
before getting to know cyrpto I was involved in forex trading, then I switched to crypto trading, I think it's the same as forex trading turns out different, crypto is more difficult to predict and the movements are often irregular, for those of you who trade forex, it's more convenient forex or crypto,?
if I personally prefer analyzing in forex trading, but in the trading system it prefers crypto trading, I hope someday the crypto exchange will include various national currencies, so it not only provides crypto exchange but also exchange money between countries.
Personally, I would rather choose to trade crypto over forex simply because crypto is has high volatility rate compared to assets laid in forex. Honestly, I only have a little trade experience in forex but even so crypto is more profitable. However, trading with crypto is more risky compared to forex because in crypto even if you make technical analysis it is still vague since its unpredictable. if I personally prefer analyzing in forex trading, but in the trading system it prefers crypto trading, I hope someday the crypto exchange will include various national currencies, so it not only provides crypto exchange but also exchange money between countries.
Forex trading isn't sustainable compared to cryptocurrency trading, sometimes you need to actually play with the market in order to acquire enough profit. Full time is recommended, that's why with crypto trading you'll gain good profit as long as there's a good potential of each and every coins you choose with a promising market. You'll see it visibly on coinmarketcap, all summary of information is there in order to provide us definite analysis.
Forex markets are way more mature and have much more data to backtest. If you know technical analyse sure go for Forex or Stocks. technical analyse works much better here than Crypto, because Crypto market is much more emotion driven and volatile.
Besides, Cryptocurrencies are as of now still too unregulated, so the risk is a lot higher. All it takes is a lot of countries outlawing it and you'll be left with nothing. you don't have the same risk when it comes to forex. also, you're not going to make much in the way of cryptocurrencies. Granted some of us got in back in the penny days and made out well but that sort of rally is not going to happen again anytime in the foreseeable future.
Besides, Cryptocurrencies are as of now still too unregulated, so the risk is a lot higher. All it takes is a lot of countries outlawing it and you'll be left with nothing. you don't have the same risk when it comes to forex. also, you're not going to make much in the way of cryptocurrencies. Granted some of us got in back in the penny days and made out well but that sort of rally is not going to happen again anytime in the foreseeable future.
Trading on forex and cryptocurrency has some similarity.we must learn hard and improve our knowledge in trading skill such as technical or fundamental analisys.but in my opinion forex trading more complicated,we have to understand about fundamental from some countries especially about macro economic and geo politic that influenced to curruncies volatility.meanwhile in crypto we only need update about lastest development from coins that we traded.
for myself, I prefer to trade on cryptocurrency rather than forex because I feel that trading on cryptocurrency is clearer and not afraid if you are not able to be online then nothing will be forfeited, everything is still safe even though the price is falling only the selling price decreases and can return when rising price.
Both of them has their pros and cons. Crypto and forex both represent a digital store of value and can be purchased and sold with ease. They both have high volatility which creates an opportunity for quick profits going long or short. Forex trading is more stable, but skilled traders can make much higher profits in crypto.
Forex trading is not digital store of value. It is a digital representation of the store of value of currencies used in real world. It is affected by many more factors than cryptocurrencies like country's economic situation, Balance of Payments, International Trade, etc.
Jump to: