Lately I had read news on how cryptos market being manipulated by the "whales" of course this would have impact on traders due to high volatility thus defies technical analysis resulting to losses meanwhile forex trading has a stable volatility and most in cases in line with both technical and fundamental analysis.
Don’t rely too much on TA when trading cryptocurrency because its too volatile and simple news and manipulations the price can go up and down. I tried forex trading its also volatile and I know it is being manipulated too its just that forex are more safe compare to cryptocurrency. Technical analysis still works, but not always in cryptomarket.
Topic: Crypto Currency VS Forex - page 2. (Read 593 times)
Each of them has different advantages and strategies. Although they are all trading, you need to know the specific methods in order to make money from them. In forex, I believe that trend is the key lead you to success. Trend is always your friend. In the other hand, holding the right coin gives you a great profit over time.
However, they are al risky. Therefore, you need to have a good strategy with a great money management so that you can have consecutive days of profit. If you forget to do this, you can easily suffer a huge loss
However, they are al risky. Therefore, you need to have a good strategy with a great money management so that you can have consecutive days of profit. If you forget to do this, you can easily suffer a huge loss
crypto is too volatile and its hard to predict it , thats why people look for guides such as t.a to help them predict the price in a smart way .
forex is not also volatile but its stable , thats why you said its safer than crypto . like predictions , t.a can sometimes failed so we must not fully depend on it all the time .
forex is not also volatile but its stable , thats why you said its safer than crypto . like predictions , t.a can sometimes failed so we must not fully depend on it all the time .
Let's take a look what makes it volatile, different speculation. As you may know, crypto is in very young age compared to forex and crypto market is in creating a price cycle. Once the price cycle is generated, I am pretty sure the it will be less volatile cause people might have same basis, source, to speculate.
I understand what you wish to say with that "price cycle", but where it is? Can we say that Bitcoin finished the "price cycle" after 10 years, or we can expect a higher price? There are many unknown variables, but that gives us free space for the endless possibilities, we can hope for million-dollar price for 1 Bitcoin, and we can find enough arguments for that.
I know nothing about forex, I never was interested in that. Cryptocurrencies are what I believe in and like most of the people here I don't wish to change them for forex!
Lately I had read news on how cryptos market being manipulated by the "whales" of course this would have impact on traders due to high volatility thus defies technical analysis resulting to losses meanwhile forex trading has a stable volatility and most in cases in line with both technical and fundamental analysis.
Don’t rely too much on TA when trading cryptocurrency because its too volatile and simple news and manipulations the price can go up and down. I tried forex trading its also volatile and I know it is being manipulated too its just that forex are more safe compare to cryptocurrency. Technical analysis still works, but not always in cryptomarket.crypto is too volatile and its hard to predict it , thats why people look for guides such as t.a to help them predict the price in a smart way .
forex is not also volatile but its stable , thats why you said its safer than crypto . like predictions , t.a can sometimes failed so we must not fully depend on it all the time .
crypto is too volatile and its hard to predict it , thats why people look for guides such as t.a to help them predict the price in a smart way .
forex is not also volatile but its stable , thats why you said its safer than crypto . like predictions , t.a can sometimes failed so we must not fully depend on it all the time .
forex is not also volatile but its stable , thats why you said its safer than crypto . like predictions , t.a can sometimes failed so we must not fully depend on it all the time .
Let's take a look what makes it volatile, different speculation. As you may know, crypto is in very young age compared to forex and crypto market is in creating a price cycle. Once the price cycle is generated, I am pretty sure the it will be less volatile cause people might have same basis, source, to speculate.
Well, I started with Forex myself and right now I'm trading crypto on binance.
You will need to do real technical analyze and and read the news like wall-street journal. Also the mark won't move that much each day(lower risk than cryto). For example, I remember the the best profit I had on Forex in one day was 14.8% while in crypto trading I had 139% profit in one day and I could even get more (I didn't risk more than this).
So, depends on yourself and how you feel about these two markets. But I chose crypto myself.
You will need to do real technical analyze and and read the news like wall-street journal. Also the mark won't move that much each day(lower risk than cryto). For example, I remember the the best profit I had on Forex in one day was 14.8% while in crypto trading I had 139% profit in one day and I could even get more (I didn't risk more than this).
So, depends on yourself and how you feel about these two markets. But I chose crypto myself.
I think the best part of forex is that you remain tension free all the time, as forex don't move like tsunami.
But with risk comes reward. Take risk in crypto and you can earn a lot of profit within few days.
If you have capital would suggest choose both. Invest majority in Forex while remaining in crypto.
No pain no gain.
Exactly, I believe if you take more risk, you will get more reward. Also if people are really sure about the trade positions they won't afraid of the huge movements and if they are not sure they need to do some more research.
And I forgot to say: In Crypto, A whale can change the market and make a huge movement on the chart but on Forex... will there are a few people who can make it more. For example Donald Trump and his tweets usually move the gold market.
Well, I started with Forex myself and right now I'm trading crypto on binance.
You will need to do real technical analyze and and read the news like wall-street journal. Also the mark won't move that much each day(lower risk than cryto). For example, I remember the the best profit I had on Forex in one day was 14.8% while in crypto trading I had 139% profit in one day and I could even get more (I didn't risk more than this).
So, depends on yourself and how you feel about these two markets. But I chose crypto myself.
You will need to do real technical analyze and and read the news like wall-street journal. Also the mark won't move that much each day(lower risk than cryto). For example, I remember the the best profit I had on Forex in one day was 14.8% while in crypto trading I had 139% profit in one day and I could even get more (I didn't risk more than this).
So, depends on yourself and how you feel about these two markets. But I chose crypto myself.
I think the best part of forex is that you remain tension free all the time, as forex don't move like tsunami.
But with risk comes reward. Take risk in crypto and you can earn a lot of profit within few days.
If you have capital would suggest choose both. Invest majority in Forex while remaining in crypto.
Lately I had read news on how cryptos market being manipulated by the "whales" of course this would have impact on traders due to high volatility thus defies technical analysis resulting to losses meanwhile forex trading has a stable volatility and most in cases in line with both technical and fundamental analysis.
Don’t rely too much on TA when trading cryptocurrency because its too volatile and simple news and manipulations the price can go up and down. I tried forex trading its also volatile and I know it is being manipulated too its just that forex are more safe compare to cryptocurrency. Technical analysis still works, but not always in cryptomarket.crypto is too volatile and its hard to predict it , thats why people look for guides such as t.a to help them predict the price in a smart way .
forex is not also volatile but its stable , thats why you said its safer than crypto . like predictions , t.a can sometimes failed so we must not fully depend on it all the time .
Lately I had read news on how cryptos market being manipulated by the "whales" of course this would have impact on traders due to high volatility thus defies technical analysis resulting to losses meanwhile forex trading has a stable volatility and most in cases in line with both technical and fundamental analysis.
Don’t rely too much on TA when trading cryptocurrency because its too volatile and simple news and manipulations the price can go up and down. I tried forex trading its also volatile and I know it is being manipulated too its just that forex are more safe compare to cryptocurrency. Technical analysis still works, but not always in cryptomarket.
Well, I started with Forex myself and right now I'm trading crypto on binance.
You will need to do real technical analyze and and read the news like wall-street journal. Also the mark won't move that much each day(lower risk than cryto). For example, I remember the the best profit I had on Forex in one day was 14.8% while in crypto trading I had 139% profit in one day and I could even get more (I didn't risk more than this).
So, depends on yourself and how you feel about these two markets. But I chose crypto myself.
You will need to do real technical analyze and and read the news like wall-street journal. Also the mark won't move that much each day(lower risk than cryto). For example, I remember the the best profit I had on Forex in one day was 14.8% while in crypto trading I had 139% profit in one day and I could even get more (I didn't risk more than this).
So, depends on yourself and how you feel about these two markets. But I chose crypto myself.
Forex markets are actually easy to understand as making an deep analysis can make us believe the price and also studying the current market affairs can make us able to predict the future demand for the stock which would also derive us the pricing which makes it beneficial for the forex traders.
Crypto markets are a way similar to forex markets but due to their high volatility is makes it a bit difficult to understand the markets. We have to follow a lot of things like following the trend, volume, etc makes it easier to understand the crypto which does not actually impress the stock holders and they yet find trading with cryptocurrencies a bit difficult and inconvenient in comparison with forex markets.
Crypto markets are a way similar to forex markets but due to their high volatility is makes it a bit difficult to understand the markets. We have to follow a lot of things like following the trend, volume, etc makes it easier to understand the crypto which does not actually impress the stock holders and they yet find trading with cryptocurrencies a bit difficult and inconvenient in comparison with forex markets.
in my opinion, understanding forex is bit simpler than crypto. the volatility alone in crypto is hard to understand for most newbies. with thousand of alts in the market, you can only follow few of them as you have said, you need to follow a lot of things for each and everyone of them so you will not be left behind about what's going on. 24-hour turnaround in crypto is like months in forex especially if you stumbled in a pump and dump coin. but both systems have advantages if you are a trader, just learn how to use their positive sides.
Forex markets are actually easy to understand as making an deep analysis can make us believe the price and also studying the current market affairs can make us able to predict the future demand for the stock which would also derive us the pricing which makes it beneficial for the forex traders.
Crypto markets are a way similar to forex markets but due to their high volatility is makes it a bit difficult to understand the markets. We have to follow a lot of things like following the trend, volume, etc makes it easier to understand the crypto which does not actually impress the stock holders and they yet find trading with cryptocurrencies a bit difficult and inconvenient in comparison with forex markets.
Crypto markets are a way similar to forex markets but due to their high volatility is makes it a bit difficult to understand the markets. We have to follow a lot of things like following the trend, volume, etc makes it easier to understand the crypto which does not actually impress the stock holders and they yet find trading with cryptocurrencies a bit difficult and inconvenient in comparison with forex markets.
Any way i noticed that most of traders are seeking fast profits not based on knowledge but it depends on luck.
If they cannot search for knowledge and only depend on luck, they will not make a profit because trading is not based on luck itself. A crypto trader and forex trader need to learn many things in regard to make a profit. But we cannot compare a crypto trader and forex trader because the lesson will be different, and the experience will also be different. But I think crypto trading will not difficult to learn than the forex trading, and in crypto trading, we have much opportunity to make a profit from many coins.
I think some of the forex traders now move into crypto trading because they see that the opportunity to make a profit will be bigger in the crypto trading so they can start to make that profit.
I dont see for crypto do mimic out forex yet it do build its own reputation due to decentralization and more volatile. Manipulation is somewhat common but not as severe with forex and stocks where news or fundamentals do really affect much the movement.
Yeah, dude. I think it's true, that crypto doesn't mimic forex at all, even though forex is an old trading system but that doesn't mean the new trading system imitates it, there must be something different. If crypto imitates forex, then why would traders go to crypto if it's the same as forex, yeah it's clear that crypto is known for its decentralization. And the crypto market is not regulated like forex, the crypto market is more free.
I don't know if the address OP attached to his post is his btc address and for what reason that is.
Meanwhile, what I would say to these two markets is simply that one is regulated and the other is not. Regulation helps speculation work more, but in the days people lost huge money in forex which is regulated but now, because of the understanding of TA it is now clearer.
I also remember then in the past, you couldn't do a mobile trading via your mobile phone but now, things have got better.
Meanwhile, what I would say to these two markets is simply that one is regulated and the other is not. Regulation helps speculation work more, but in the days people lost huge money in forex which is regulated but now, because of the understanding of TA it is now clearer.
I also remember then in the past, you couldn't do a mobile trading via your mobile phone but now, things have got better.
I think you are in the assumption of the same banks you are talking about controlling fuat currencies are also the one who have developex digital currencies which is really a mistake on your part. Modt digital assets we have seen are controlled and created by independent companies/projects not working for the banks or their governments they simlly are creating cryptocurrencies to be used or invested by their users. Aside from that the firex market is way different compared to the crypto market in terms of volatility as well as the way it is being analyzed they aren't exactly the two things you want to compare with.
I don't think the cryptocurrency market is cloned from the forex market, but I agree with your point that the cryptocurrency market will grow similar to the forex market, many coins will disappear, more stable. But that will be a long way
20 years ago the forex brokers accepted the deals with telephones and only few lucky people had access to the buy/sell buttons on the personal computer. Now the situation is different, governments don't have the interest to fight with the traders who provide the main liquidity on the market. Spot forex was introduced by many bucket-shop brokers which don't pass the trader's orders to the global market because of the centralization. Decentralized crypto exchanges don't have interest to make the money from your lost trades, your win is not their loss or vice versa.
I don't really get how people could "lose all their money", I mean sure there could be people who lose their money but at the same time someone else earns that money as well in the end. Surely it could be another individual or it could be banks, exchanges, anyone really, money doesn't go out of the system, it is not burning down and thrown to garbage, it is still right there, just held by someone else.
Hopefully, people will realize that before they criticize how the bitcoin or crypto trading ecosystem works, you may end up losing a lot of money when you get here, but that is not bitcoins fault nor it is anyone elses, because while you are losing money someone else is getting richer at the same time which means you could have been the one that gets richer if you picked the right option.
Hopefully, people will realize that before they criticize how the bitcoin or crypto trading ecosystem works, you may end up losing a lot of money when you get here, but that is not bitcoins fault nor it is anyone elses, because while you are losing money someone else is getting richer at the same time which means you could have been the one that gets richer if you picked the right option.
I do like how you look at things but there is still a big difference for me.
I use to trade forex before and it is really frustrating since I didn't make something out of it.
I really like doing things my way. Self taught.
Here, it had been easier, I don't need a someone to teach me how to do things.
Stepped on the trading website on Voila! I already understood things.
I think it was at IDEX which I really learned a lot but that was way back with altcoins soaring.
But as time flies you learn to adapt with new things.
I use to trade forex before and it is really frustrating since I didn't make something out of it.
I really like doing things my way. Self taught.
Here, it had been easier, I don't need a someone to teach me how to do things.
Stepped on the trading website on Voila! I already understood things.
I think it was at IDEX which I really learned a lot but that was way back with altcoins soaring.
But as time flies you learn to adapt with new things.
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