choose forex trading or crypto trading..? - page 2.

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Quote from: nelson4lov on October 11, 2019, 04:28:58 AM

Quote from: mersal on October 10, 2019, 01:18:02 PM

Cryptos price movements were highly unpredictable so you can huge profits or can fall int huge loss.

Its is the life of crypto trader to be willing to take such risky decision since the rewards from trading crypto is high.

Cryptos were created to be an alternative for centralized payment so using cryptos for other purpose mat not last long.

Both Cryoto and Forex Markets are unpredictable. If Forex was predictable, Everyone would be a millionaire. The major reason why I prefer trading Cryptocurrencies than currencies (forex), is because with Crypto, The small guys are allowed to roll alongside the big boys (The whales, institutions ). The forex market is so big that you might just fall off especially if you're new to trading.

I didn't know that small traders can't roll along with whales in forex, I thought every traders there are all fair just like in crypto. In my opinion, crypto is more unpredictable since it doesn't depend on some factors such as news, economic growth, and etc. unlike forex. Fundamental analysis works in forex but it doesn't work in crypto.

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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.

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Quote from: mersal on October 10, 2019, 01:18:02 PM

Cryptos price movements were highly unpredictable so you can huge profits or can fall int huge loss.

Its is the life of crypto trader to be willing to take such risky decision since the rewards from trading crypto is high.

Cryptos were created to be an alternative for centralized payment so using cryptos for other purpose mat not last long.

Both Cryoto and Forex Markets are unpredictable. If Forex was predictable, Everyone would be a millionaire. The major reason why I prefer trading Cryptocurrencies than currencies (forex), is because with Crypto, The small guys are allowed to roll alongside the big boys (The whales, institutions ). The forex market is so big that you might just fall off especially if you're new to trading.

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Forex trading will be too difficult than crypto trading because I think forex trading will have many analyses and indicators to predict where the price moves.
Besides that, we cannot see an asset in the forex can increase so high compare to the crypto.
In crypto trading, we have a chance to use crypto as the investment in a long time, especially if we can choose the right coin.
We have so many coins which we can use as the investment, and that can give us a big profit.
If you can analyze with right in the forex trading, I think you can analyze with right too in the crypto trading.
In the crypto, trading doesn't need so many analyses or indicators to trade.
As long as you can buy low and sell high, you will make a profit.

TinaK

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Previously we might have say that force is not that faster returns like what you can from the crypto investment. Most of the investors now turns back to forex since they have more transperant tendency you can stay on anything which is more good for you!

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Quote from: AniviaBtc on October 10, 2019, 01:43:12 PM

Quote from: MURONDI on October 10, 2019, 07:51:07 AM

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 you're a professional trader, you can trade in any circumstances. You will disregard those little problem when you are trading. Yes, crypto trading is more complicated but it is significant. You just need to become observant and patient when it comes to trading in a right time. Forex is just easy to understand and trade stocks. But crypto trade gives a lot of benefits and you can gain more profit using it. You just need to take the risk that no matter what happen, it is your choice and decision of something good or bad thing occurs.

Crypto Trading can enhance your trading skills especially if you came from stock trading. We all know that cryptocurrency is more volatile than other assets to trade which makes it more thrilling to trade with. The liquidity of a cryptocurrency is very high that you can make a large profit in just a fraction of time. But here we are trading cryptocurrency. It's just its more fun trading crypto than forex as it is based on my experience.

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Quote from: MURONDI on October 10, 2019, 07:51:07 AM

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 you're a professional trader, you can trade in any circumstances. You will disregard those little problem when you are trading. Yes, crypto trading is more complicated but it is significant. You just need to become observant and patient when it comes to trading in a right time. Forex is just easy to understand and trade stocks. But crypto trade gives a lot of benefits and you can gain more profit using it. You just need to take the risk that no matter what happen, it is your choice and decision of something good or bad thing occurs.

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Quote from: MURONDI on October 10, 2019, 07:51:07 AM

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.

Cryptos price movements were highly unpredictable so you can huge profits or can fall int huge loss.

Its is the life of crypto trader to be willing to take such risky decision since the rewards from trading crypto is high.

Cryptos were created to be an alternative for centralized payment so using cryptos for other purpose mat not last long.

MURONDI

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thank you for all the suggestions, both forex and crypto each have advantages and disadvantages, indeed forex cannot be included in crypto trading, I just hope one day forex has a trading system similar to crypto,
in forex we can sell all currencies even though we only have 1 type of currency, in crypto if we don't have LTC we won't be able to sell LTC even though we have BTC, so forex does not look like trading, instead it tends to be like gambling, that's why I hope that forex becomes like crypto trading.

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Quote from: MURONDI on October 10, 2019, 07:51:07 AM

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.

Follow your own preferences. You have a piece of knowledge after all on both.

Others aren't interested in Forex trading because of a lack of knowledge or they just don't want to study it because they are currently comfortable doing crypto trades. The same goes for those who aren't interested in crypto.

Yes, crypto is volatile. Way different to Forex that was backed by the government. Since crypto is decentralized, its value depends on how the market will react for it making it more unpredictable.

The choice is yours.

Shasha80

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Without a doubt I would choose crypto trading compared to forex trading. Because crypto free from government control cannot intervention, crypto movement is more volatile then you can get a large profit if you buy exactly at a low price Forex trading movements are predictable, and depending
on the news. If bitcoin is different sometimes the news Even good things can make a coin go down, and bad news can make a coin go up. That is what it makes bitcoin is increasingly in demand. So the movement of bitcoin is difficult to guess, it will invite curiosity. From there it can bitcoin investor will continue to grow.

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Quote from: MURONDI on October 10, 2019, 07:51:07 AM

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.

I also trade forex and my strategy was based on technical analysis while utilizing my little knowledge in candlesticks patterns with two indicators with those tools I was making some profits consistently however when I switched over to crypto trading I discovered that the crypto market most often defied my TA resulting to losses although I had not started real trading I was using a trading simulator to practice, price is accurately predicted in forex trading better than crypto trading which I believed its price behavior is more of fundamentals.

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Quote from: pawanjain on October 10, 2019, 11:50:13 AM

Quote from: MURONDI on October 10, 2019, 07:51:07 AM

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 basically saying that crypto exchanges should not only include cryptocurrencies but also fiat currencies.
I don't think that fiat currencies will make it's way to crypto exchanges but yes cryptocurrencies that are backed by individual fiat currencies do already exist.
Also, bitcoin was designed to be an opponent of fiat currencies so for fiat currencies to be impelmented in crypto exchanges will not happen in a direct way.

I could see it happening. They already have BTC/USD and BTC/Other currency markets. It wouldn't be too awfully difficult to add a market to trade USD/EUR for instance. If you were in charge of one of the exchanges, anything you could make a profit off of would be good. The only problem is the regulation involved in Forex trading. I'm sure they would have to all get new licenses to do it, but it's not out of the realm of possibility.

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Quote from: MURONDI on October 10, 2019, 07:51:07 AM

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 basically saying that crypto exchanges should not only include cryptocurrencies but also fiat currencies.
I don't think that fiat currencies will make it's way to crypto exchanges but yes cryptocurrencies that are backed by individual fiat currencies do already exist.
Also, bitcoin was designed to be an opponent of fiat currencies so for fiat currencies to be impelmented in crypto exchanges will not happen in a direct way.

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Before even crypto trading happened a lot of the traders have considered forex as the most volatile market to earn money but its not comparable to what we are experiencing in the crypto industry right now. It's more volatile therefore more unpredictable but if you have learned to analyze forex trading which has been considered hard by others then I think you will quickly adapt in crypto trading you just need time to adjust for it.

Quote from: MURONDI on October 10, 2019, 07:51:07 AM

I hope someday the crypto exchange will include various national currencies, so it not only provides crypto exchange but also exchange money between countries.

This wouldn't be possible as this will certainly require another busoness permit for the crypto exchanges to operate in both crypto and fiat currency. I don't even think that they will allow thia kind of system especially whenthe KYC process is much easier for crypto exchanges.

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Quote from: ChrisPop on October 10, 2019, 09:49:07 AM

First of all a true professional trader should be able to trade in any kind of market environment. Cryptocurrencies offer you much more volatility then forex, but in forex you can use crazy high leverage if you are a professional trader/not a retail trader. Basically it is up to you what market you like more. Personally I am more excited by the cryptos because they trend more, but forex is good for scalping.

If you are experimented in trading you can trade both, why not. Or maybe scalp forex and play swing trades on Bitcoin for example. Everyone has different trading styles so you need to do what works best for you.

Scalping in forex market is pretty much doable than in crypto. The lowest timeframe that MT4 has is the 1 minute chart but there are java base platform, which has the seconds time frame that can still determine which the trend will do in matter of few seconds. I have never done this in crypto, there are lots to factor when deciding since I myself can't trust browser base platform.

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Quote from: MURONDI on October 10, 2019, 07:51:07 AM

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.

Overall if we do talk about trading then they are really just the same but we can distinguished their main differences;

1. Volatility
2. Centralized vs Decentralized
3. Crypto vs Fiat

We know that the higher the volatile the higher possibilities on making big profits but well it do accompanied or equaled by risk.
Im a Forex trader too back in the past but the possible profitability on which crypto can give do really interest me on. They all have the same concept
so i cant see any problems with it.

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Quote from: MURONDI on October 10, 2019, 07:51:07 AM

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.

The basic differences between crypto trading and forex trading are
1. Volume: forex have tremendous volume. Half of which is a achieved due to leveraging. The total volume is so high that it is certainly impossible for any single person to control the market or even affect the market.
2. Volatility: forex markets are pretty less volatile as compared to Cryptocurrencies market because there are little movements calculated in the form of pips while in Cryptocurrencies there is 10-20% movement easily in a day.

I won't say which one is better but forex does provides a lot of transparency while Cryptocurrencies provide a lot of volatility even without leveraging it's pretty easy to earn 5-10% a day here in Cryptocurrencies.

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Quote from: MURONDI on October 10, 2019, 07:51:07 AM

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 you have more experience in forex trading, so you do not experience in crypto trading. Both are different so those are knowledge in share market investment they only survive easily. I hope any forex currencies are not accepted in crypto trading so only tokens and coins are acceptable. Nowadays everyone choose the crypto trading so forex trading is little hard to make profit.

I've heard forex trading from a friend, he said that it was too hard handling forex asset in trading because it need full time. This cannot be done for part time due to crucial activities that needs to be monitored closely. Crypto trading is a little bit complex that forex but profit gains could be achieved if you're part of those growing coins, so proper selections was a good choice to do before getting into trading business.

DoublerHunter

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The reason why you are here is just for crypto, I am sure you know how crypto works than in forex trading. I will not in favor of forex trading the fluctuation is negatively happening. If it is fluctuated very slow how could you even earn a profit. The crypto trading is high fluctuation but it is also a high risk. Being volatile is the way you can make a profit and I did not see it on the forex exchange. Nevertheless, in crypto trading for sure you can.

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