Topic: Crypto or Forex? - page 2. (Read 1273 times)

they are just as risky when it comes to crypto because there are many people who manipulate it so it is very volatile forex is very risky because it is also risky but its effect is not that big compared to crypto besides forex you only have time to trade unlike crypto anytime any day can

Both have more similarities than differences, they're both high risk businesses that are very profitable with similar high chances of having loses. So I agree with you that they both have similarities of gambling, because with all the technical analysis, it doesn't stop the chances of losing in their individual trading.

Their major differences is that crypto are decentralized digital currency, that is not owned by any country, while forex is the opposite where the fiat currencies that are paired in trading are the centralized property of different countries. Also crypto can be traded anytime of the day, while forex is only traded on week days, with a closing time everyday.

You made a valid point by giving the advice that we should trade with the amount that we can afford to loose, I believe that the advice is mainly for beginners, who have not perfectly mastered the technicalities of trading. Not so much for professionals who have had experiences of how the market works, they can afford to add to the volume of their trading.

I don't know which one is easiest way to make money for the people but i choose crypto because i think you don't need to heavy research in crypto to understand it, where forex is very complex to me when i tried to learn it. Both of risk to trade but personally i'm very familiar with crypto over forex. 

Cryptocurrency's volatility is the main reason why it is more profitable than forex trading, however, it is risky as well because of that.

Both are risky, so go with the one you're familiar with and confident to trade. Cryptocurrency is much easier for me to understand than forex, so I believe it depends on a trader's preference. Also, since cryptocurrency is a high risk high reward kind of thing, it is important to make a plan, don't rush, and don't let your emotions take over you or else you'll lose everything.

If I were to compare Forex and Crypto trading to choose the easier one, I would choose crypto till infinity. Maybe it's because I started from the fundamentals and I'm very experienced in trading. Also, I'm such that limit my crypto trading to only Bitcoin and Ethereum, I don't trade shitcoins, and the reason is because the two are the most liquid of them all, so I don't trade bullshit in the name of cryptocurrency. By this, I can't really say that there is too much distinction between Forex and Crypto as they both behave just as any market behaves with news and technical arrangements on the charts. Only that one has to be more careful with Forex since it is often more volatile while the volatility of Bitcoin and Ethereum are seasonal.

Again, Forex reacts to the normal scheduled news better than Crypto, and Crypto has its special news where it reacts so much as well, which makes the two have their slight difference which traders should easily relate to and plan towards according. Nonetheless, I disagree with the defiance of crypto to technical analysis, any market might refuse to follow the technical pattern, this happens once in a while, which is why it's good to plan your risks with proper management.

And if it is too frequent, you might want to consider changing your tactics/strategy.

Both are good but in crypto, you have different means of earning off trading. You could participate in different activities, get to earn from different coin listings if you know how to play the game well and then their products in different exchanges that elevate people to earn passively while they're off the market like using Smart portfolio bot to earn while you hold your coins in your portfolio, staking and using launchpads

Truly you had made some valid point here, crypto market defies technical analysis in most time and I believe it's due to the high volatility compared to forex trading, whenever there is a massive pump in price of crypto possibly due to manipulation by some whales hardly do candlestick patterns work all technical analysis would be rubbished by the sudden surge in the price of that particular crypto, I had been into crypto trading before I have a tough time in crypto trading unlike forex trading, the only period of high volatility in the price of forex trading is during Red news which has a calendar where a trader can avoid trading 30 minutes before and 30 minutes after a Red news, beside that forex candlestick patterns work as well as Technical Analysis.

Yes, actually both have their own benefits and risks or drawbacks. And it will also depend on each individual in optimizing their trading. But for me, I will prefer to definitely crypto. The main reason is because he is focused on the crypto world and has never traded forex. So you really understand things related to crypto more than forex. In fact, both crypto and forex are equally risky. It's just a matter of how we manage this risk. And optimize it to make a profit. As long as we can optimally learn and understand what we are trading, the results will be significant and sustainable.

I heard that, some forex traders say that it's a little easier in crypto. Not only that, here, they can also do it 24 hours 7 days non-stop without holidays to trade crypto. Regarding market analysis, if someone switches from one to another, at least they already have basic market analysis and indicators. So it might be said that it is easier to adapt compared to beginners who really start from the start.

For a person that was once a forex trader, going into crypto trading would be more easy and effortless like someone that is just starting there trading journey. Those that know about the risk of trading would always calm down and analyse the market before trading.
The forex market is more difficult to analyze compared to the Crypto market where the whales can always pump and dump a coin depending on how much they intend to make from the project.

We could really be able to distinguish right away on the time that we've been trying out to deal both things or making up some comparison on which you would really be able to eventually be able to spot on
specially the volatility of both markets on which we know that they do have that heaven and earth kind of difference on which we know that crypto does really have that volatility that someone couldn't really be that easily be handled out.Yes, its really that risky but its not something that would be meaning about having that sure loss, once you do able to find yourself that effective within this market then making
money or profits wont really be that an issue.

If you do really like to play or trade on a place on which you would really be having those less movements or less risky then Forex would be your choice but if you do love to challenge yourself on dealing
up with something that is risky but really that rewarding then Crypto would be your choice. It all matters on someones preference and choice because when it comes to risks appetite
then each person does have their own levels of it or something that do speak about tolerance on which not all would really be that able to deal with volatile prices in crypto and not
all does preferred that sluggishness of Forex market. It would be always boils down with your own choice.

Cryptocurrencies offer the benefits of decentralization and transparency, but come with high volatility and limited regulation. Forex provides asset diversity and liquidity, but requires experience and is subject to central bank intervention. The choice between them depends on the investor’s preferences and goals. I think everyone here on the forum will prefer cryptocurrency

In fact, the analysis of both is the same in reading candles, or technical analysis, the difference is that cryptocurrency will have higher fluctuations than in Forex. On the other hand, when choosing a pair for trading in Crypto, I only use Bitcoin, but not altcoins because they are prone to manipulation, especially for new projects, of course the analysis will not work. However, it really depends on each individual who is more comfortable trading, whether forex or crypto

I've traded using both, and saw less success in Forex, but only perhaps cause it's not really my cup of tea. 

As with everyone who tried forex trading in this forum, I can attest when they say that compared to bitcoin or crypto trading, it's way faster and more dynamic, as small price changes can literally mean the life or death of your whole bankroll. So you can't really do HODL or long hauls in the forex world. Crypto's a little more forgiving in this sense, since you can hold for as long as you like and only cash out during bull runs, which means you always have a pretty good opportunity to earn money regardless of the situation. In any case, I don't think one's better than the other in this situation, but at the very least we know what people will choose.

If you have traded crypto and forex, the thing you'd first notice is that you have to buy crypto. Unlike Forex, crypto has less leverage. To add salt to injury, I find it difficult using technical analysis in crypto because I can guarantee that it won't work but when you switch to Forex, it works just fine. I think that the forex market respects technical analysis unlike the crypto market where the market can be easily manipulated by whales, instititutions, and other entities. Lastly, there is more volatility in cryto than in forex.

Both crypto and forex have their distinction and benefits, else both are trading but the strategies employed and rewards system varies.
We have more Bitcoin or cryptocurrencies investors today because of the ease at which one trades the local currency to BTC/ crypto and use for payments or transactions or investment purposes.
Forex is more adept to Fiat currencies trading and although charges apply to both, I would prefer the idea of taking advantage of the benefits of cryptocurrency now and in the future, while forex maybe reserved as a retirement study or hubby, should it gain popularity sometime in the future like BTC.

Both markets are profitable if you are good enough. But that doesn't mean that you can always make money from them. The risk remains and the volatility is staying for each markets.
Whichever you prefer and you know more the movements of the market, stay there. Take a mastery on yourself from each of those markets for you to have the momentum and take that moment as opportunity for you to keep on earning.

That's because those forex brokers are not designed to work like that. On a centralized exchange, the spot features are just designed for people to buy cryptocurrency and either withdraw or store it on that CEX, while on a forex broker, the purpose is just for you to see your profit increase depending on the predicted direction of the market that you chose. Earlier on, the forex market was only designed for the trading and exchange of foreign currency, but now cryptocurrency has been added, and it's just the same way that the exchange of fiat currencies, except that it's still working; you cannot buy and own the currency you are trading.

Both are risky as well as profitable but these all suggestions depends on experience. If someone find forex as a profitable then he will prefer forex and those who take benefits from crypto will suggest it for others. If we talk about risk and get afraid of it then we will not move forward to achieve our goals because nothing is without risk here.

People often use one technology of earning and if new arises then they change their preference and adapt themselves according to the profit and ease. I think that cryptocurrency trading is more profitable than forex trading and is returning greater amount than forex trading. Also it seems that in future crypto will attain much higher value and will prove to be one of the best earning technology but one should learn everything before entering into the market.

Yes, it is a matter of choice but we can't erase the fact that there is still a disadvantage whatever we choose between the two. For crypto, it was volatility for some but for others, there is more than it, as they don't consider volatility as a disadvantage, rather they consider it as an advantage because this is where they can buy low and sell high.

Now about forex, I think it's lack of volatility for some, but others like it because they think it is less risky while at the same time they can earn a profit stable in manner. Before crypto came, there is already a forex and I'm also aware with it but I haven't tried it. I only tried crypto and I'm happy and contented with it already. There is no need for me to try forex.

You can invest in crypto today and the price start pumping the next day in a way you can decide to trade in the market to make what will make you know that crypto investment is more valuable than forex because it hard for traders that know how crypto work to experience losses in their trading, because they know that no matter how long the bearish stay in the market, it will not stay forever which are some of the advantages of crypto. Buy crypto when the price is low in market is another advantage traders use to remain happy whenever they hold till the bearish season come to pass before they can trade to make income at the moment. I don't know forex trading because is not reliable like the way crypto trading is reliable when the bullish season is on ground which is the best season any traders can use to improve their income in the community.