Topic: Crypto Currency VS Forex - page 3. (Read 569 times)

Forex with crypto market has same situation, a lot of whales create bait to collect other trader fund and if they fail monopoly will become next step. Forex and crypto already become business and there's no honest there, you should prepare for the worst.In general situation to avoid bigger lost we can use long term period strategy with small amount we have, set stop loss and let the movement begin. We can't face whales but god money management and patient will create profit, others strategy I can't say nothing.

It might be a major reason to be considered. We have a lot of big whales in the crypto markets who have accumulated at some approx entry points and who can really manipulate the markets by creating false bull traps or bear traps which does include a lot of new traders and who loses their funds into such traps.

Big whales are the ones who hold majority of the portion and who can easily place huge buy/sell orders which itself would create a bull/bear trap and many peoples following the trend will land up in loses. Which in comparison with the forex markets can rarely be seem. They have comparatively stable markets which actually make them understanding the graphs and the price fluctuations much easier.

Forex business has been dominated by biggest whales who take control with the system. Traders won't earn better and sustainable profit due to their strategic approach, which eventually blasted off trader's asset when it's not gaining at perfect price. However, you can't determine which specific value might pursue a strong momentum.

Well yea I'd suppose most would consider Forex with its developed market and community, but as you said, traders are trading for the profit, and BTC provided it when it appeared, or at least, a few years after it did anyway. Still, you can freely trade within Forex and Crypto just that, it may take up more of your time and analysis may become a pain since your studying different markets altogether.
As for government fighting Forex, haven't heard of it before. Manipulation, yes I've heard of news about it in the passing, but directly head butting with the market? Nope.

Actually i do able to finish to read up the entire long post due to forex topic. What the heck is that government fight forex? I just dont get it on what you mean.

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.

Laslty, i do really hate when someone post up something then having an address in the end. Question in mind. - - for what?

Governments don't "fight forex", but they do manipulate things like interest rates, QE and so on to manipulate the price of their currencies.

One of the most famous is the Swiss National Bank, which printed Swiss francs and then sold them against the dollar and euro, in order to weaken the franc. They then parked that money in bonds and stocks.

The created so many francs (which then got sold for dollars), that those dollars then purchased $87bn of US stock. Here is the Swiss National Bank's own statement about this:

https://snbchf.com/2018/08/durden-swiss-national-bank-owns-87-5-billion-stocks-after-q2-tech-spree/

If you were trading the Swiss franc against the dollar in 2012 and you didn't know this was going on (it only came out in 2016 when the SEC made them declare their American holdings), you would have been taken to the cleaners.

By contrast govts don't really intervene in the cryptocurrency markets because they're too small and insignificant.

Well I disagree.

Trading cryptocurrency is much more better than trading fiat currency, why, it is because the fiat currency is much harder to predict or even if you predicted it right, the profits you could make is smaller than what you could make if you hit the right spot when Trading in cryptocurrency because of its volatility that could be either a blessing to someone or not, it depends actually on someone's intellect.

Yes, I do agree that there are many forex traders who have entered into crypto. I analysed this in trading view. There were many traders whom I had visited and spoken to in Trading view who back then said we only deal with forex now their profile on Trading view started showing that they even started Crypto and the percent of the crypto is more than the percent of forex chart they publish. Now when I revisited and spoke to them they said 'they have started crypto as well'

The major reason they shared was they traders and are not much into technology. The they here about crypto randomly scared them like

• Exchange getting hacked
• If you lose private key funds gone for ever
• Transaction are irreversible
• Every coin has different address and sending coin you different are very difficult to recover
• Malware attacks bla bla bla.

After all this discussion what I felt personally was it just took time for adopting this technology. As and when people are reading and getting aware or getting exposed the big investor and adopters are flowing in. This is my understanding. Rest is open to all and depends on individual opinion.

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.

I have been trading forex for a long time, but there has never been news of the government fighting forex, from the beginning until now forex is still operating in my area, forex is not the same as crypto because forex prices are still controlled by the government, I don't really like leverage because that is what usually becomes a boomerang for traders, so I moved to crypto trading, but now many exchanges have begun to adopt the forex system by providing leverage trading, in terms of analysis I prefer forex because the price is easier to predict.

Looks like you are in your own bubble of thinking. Bitcoin is not clone from forex or not introduced by banks. It was created to revolutionize the financial market however banks and other institution that are involved with forex are now using cryptocurrency as tool to make more money by fooling others.

You have bitcoin address for donation with all the negative comment on cryptocurrency?😁😁

Both are good but you've got to make a decision which one you favor to try counting on what you wish, your thoughts, and your experience, it depends on what you'll do or do. But in both cases there are several advantages and drawbacks which will be both good or bad, everything depends on you.

In my opinion, for trading Forex is more better. way more technical and fundamental. Forex markets are way more mature and have much more data to back-test so If you know technical analysis sure go for Forex. technical analysis works much better here than in Cryptocurrencies because crypto market is much more emotion driven. Further, 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.

I started trading forex in the year 2000, at that time online trading platform was newly introduced to traders.
Most stock traders migrated to forex market due to high volatility and high leverage up to (400:1) traders was distracted by news, signals, robots, social trading etc....
Most if not all traders i used to know lost all their investments in this market. Governments was fighting forex and in some countries they started to close forex accounts.
Any way i noticed that most of traders are seeking fast profits not based on knowledge but it depends on luck.
Now what? Most traders are losing money and the governments are fighting forex so what?
How the banks mafia will attract new traders to the market to drain all their funds???
Humans are greedy by nature and banks used this to attract new naive traders so they started option trading but also didn't hit the target. Until they came up with the idea of DECENTRALIZED CURRENCY which is very convincing to traders, actually is not decentralized at all for instance BITMAIN TEC the company that produce ASIC miners is controlling the market and many other things i will mention later in separate post.
The crypto market now is having more than 2000 coins, BTC dominance almost 70%. we have POS coins POW coins and we see coins changing protocols doing forks and swaps a lot of Asic miners (DASH LITECOIN ETC...) this what i call market distraction.
CONCLUSION:
The conclusion is the crypto market is cloned from forex market which is high profitable market because of its leverage although crypto is 1:1 but the spikes that happened in the past was the reason which made crypto gain the fame.
I think that the bubble already burst and we will never see those spikes again the market will be moving sideways till those 2000 coins become not more than 100 coins, after that we can see thing moving. The strong justification to my theory is... Most of big forex brokers in the market now are trading and accepting crypto.
I know it might be frustrating but this is my view and time will tell.
If u like it please comment.
BTC ADDRESS 1C7Q75Stufzw7uFdvsQ3g1DTn4w7dXe4TX