Crypto or Forex? - page 3. | Bitcointalksearch.org

boyptc

hero member

Activity: 3024

Merit: 680

★Bitvest.io★ Play Plinko or Invest!

Quote from: Timmzzy on November 14, 2023, 03:49:32 PM

Tho the both market are volatile during news event and manipulation is bond to happened, but i prefer crypto to forex because crypto can be traded on weekends, tho the price is kind of slow, and another thing is there are lots and lots of coin to trade on like forex, just few currency pairs to trade from.

Yeah, forex isn't open during the weekends and that's why there's giving some rest for the traders of it.

Whilst in crypto, it is 24/7 so you have a lot of time to check out the market and have various of pairs together with Bitcoin or fiat currencies.

I don't trade in forex but are their brokers also close during the weekends?

lombok

sr. member

Activity: 882

Merit: 326

Quote from: Dr.Bitcoin_Strange on November 14, 2023, 08:01:16 PM

Quote from: Franctoshi on November 06, 2023, 07:20:44 AM

just that when it comes to trading cryptocurrency, spot trading makes it more convenient to trade and invest cryptocurrency, in the sense that you can own the asset.

Yeah, sport trading is just the normal buy/sell of cryptocurrency, which some people do more frequently, and they still make their profit on a daily basis and also experience some losses. I used to mostly engage in sport trading, but it was bringing losses. Definitely, you have to look through the price chart of whatever coin you are buying so that you can know the price you can buy and when to sell, and from the chart, you can possibly predict the next direction of the coin you are trading. Trading futures on CEX is just like forex.

That's what differentiates Crypto and Forex. Crypto futures are almost the same as forex, both are capable of providing profits and losses, and even have the potential to drain your balance if a margin call occurs. However, there is a crypto market that Forex does not have, namely crypto spot trading. In this market, as you said, we can buy crypto in real terms and own it, then we can store it. There are also advantages and disadvantages in the spot market.

kingvirtus09

full member

Activity: 938

Merit: 108

OrangeFren.com

Quote from: hack3rcon on March 11, 2023, 07:32:29 AM

Hello,
What are the Advantages and Disadvantages of the Crypto and Forex? Why should anyone choose Crypto over Forex?

Thank you.

The two are very different and they will never be the same. Although Forex was ahead of crypto but in this instance it seems that cryptocurrency has overtaken Forex in the short time that has passed in my opinion. These are their pros and cons.

Quote

Cryptocurrency

Pros:

Decentralization: Cryptocurrency is not controlled by any government or financial institution, which can make it more attractive to people who are distrustful of traditional financial systems.
Borderlessness: Cryptocurrency can be used to send and receive money anywhere in the world, which can be a major advantage for people who live in countries with restrictive financial systems.
Transparency: All cryptocurrency transactions are recorded on a public blockchain, which can help to prevent fraud and corruption.
Potential for high returns: Cryptocurrency is a relatively new asset class, and its price can fluctuate wildly. This volatility can lead to high returns for investors, but it also carries a high risk of loss.

Cons:

Volatility: Cryptocurrency is a volatile asset, and its price can fluctuate wildly. This volatility can make it a risky investment.
Regulation: Cryptocurrency is still a relatively new asset class, and there is still a lot of uncertainty about how it will be regulated. This uncertainty can make it difficult for investors to know where to stand.
Security: Cryptocurrency exchanges and wallets have been hacked in the past, and these events have caused investors to lose money.

Forex

Pros:

Liquidity: Forex is the most liquid market in the world, with trillions of dollars traded every day. This liquidity makes it easy for investors to enter and exit the market.
Accessibility: Forex is a very accessible market, and there are many different ways to trade it. This makes it a good option for investors of all levels of experience.
Potential for high returns: Forex can be a very profitable market for investors who are able to consistently make profitable trades.

Cons:

Risk: Forex is a risky market, and investors can lose money if they are not careful.
Leverage: Forex brokers often offer leverage, which can allow investors to control a much larger amount of money than they actually have. This can be very profitable, but it can also lead to significant losses if the investor makes a mistake.
Regulation: The forex market is regulated in many countries, but the level of regulation varies. This can make it difficult for investors to know where to stand.

I just want to emphasize that crypto and forex both have the same risk involved, so anyone who tries these two needs to be prudent no matter what they choose to invest in.

The pros and Cons of Cryptocurrency
The Pros and Cons of Forex

Dr.Bitcoin_Strange

hero member

Activity: 770

Merit: 538

Leading Crypto Sports Betting & Casino Platform

Quote from: Franctoshi on November 06, 2023, 07:20:44 AM

just that when it comes to trading cryptocurrency, spot trading makes it more convenient to trade and invest cryptocurrency, in the sense that you can own the asset.

Yeah, sport trading is just the normal buy/sell of cryptocurrency, which some people do more frequently, and they still make their profit on a daily basis and also experience some losses. I used to mostly engage in sport trading, but it was bringing losses. Definitely, you have to look through the price chart of whatever coin you are buying so that you can know the price you can buy and when to sell, and from the chart, you can possibly predict the next direction of the coin you are trading. Trading futures on CEX is just like forex.

Timmzzy

member

Activity: 785

Merit: 34

SOL.BIOKRIPT.COM

Quote from: hack3rcon on March 11, 2023, 07:32:29 AM

Hello,
What are the Advantages and Disadvantages of the Crypto and Forex? Why should anyone choose Crypto over Forex?

Thank you.

Tho the both market are volatile during news event and manipulation is bond to happened, but i prefer crypto to forex because crypto can be traded on weekends, tho the price is kind of slow, and another thing is there are lots and lots of coin to trade on like forex, just few currency pairs to trade from.

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: tygeade on November 14, 2023, 02:08:10 PM

Quote from: DVlog on November 14, 2023, 08:26:09 AM

If you are a risk taker and love volatility then crypto is for you but if you want a less risky environment, you can do forex though higher leverage and margins can give you massive losses in those two. These two markets are a bit different in nature. Forex markets impact on news but you can be a successful forex trader only by using different indicator setups. In crypto basic indicator is useful but you need to keep in mind a lot of different things when taking your entry. A news event can prove your whole set up wrong. So it will be wise to use google to gather more information about these two sectors. I can add more points in my comments because i traded in both market but I want you to work on it so that you can value your efforts properly.

I would say it all depends on how you are dealing with forex and with crypto as well. A spot trading at crypto with just bitcoin/usdt pair would be a lot less riskier than some forex where you deal with Dollar/Yen partly with x150 leverage, which does exists.

That doesn't mean that we are not going to end up with anything that would be riskier at forex, you can also do the opposite as well, there are literally btc/doge parity for leverage as well, something high there with just usd/eur parity with low leverage could definitely make the crypto related part a lot riskier. So all in all, there isn't really anything that is guarnateed to be riskier in one side or the other, there are differences in the end for sure.

If you would really go for less risk then it would be recommended that you should be touching up forex but expect that profitability would really be that less basing up on the volatility that it does have which comparing to crypto on which volatility level would really be giving out that kind of chance and probability that getting enormous amount of profits could be possible and same goes with losses as well. In short, it would really be just that depending with your risks appetite since not all would really be that liking on having that too much risks. If you do find out that Forex trading does really fit out into your criteria then go ahead but if you do find it boring due to lack of action and movement then crypto would be a considerable choice or option. It would really be just that depending on you on which one you would be taking.

Im a Forex trader but did make out some transfer or jumping into crypto market yet i do find this place to be more interesting and challenging and profitable at the same time
if you are really that able to do well within this market.Yes, its risky but doesnt mean that it would really be that too making losses if you are really just that careful.
Its your choice since risks factor will really be that different in both markets.

tygeade

legendary

Activity: 2086

Merit: 1058

Quote from: DVlog on November 14, 2023, 08:26:09 AM

If you are a risk taker and love volatility then crypto is for you but if you want a less risky environment, you can do forex though higher leverage and margins can give you massive losses in those two. These two markets are a bit different in nature. Forex markets impact on news but you can be a successful forex trader only by using different indicator setups. In crypto basic indicator is useful but you need to keep in mind a lot of different things when taking your entry. A news event can prove your whole set up wrong. So it will be wise to use google to gather more information about these two sectors. I can add more points in my comments because i traded in both market but I want you to work on it so that you can value your efforts properly.

I would say it all depends on how you are dealing with forex and with crypto as well. A spot trading at crypto with just bitcoin/usdt pair would be a lot less riskier than some forex where you deal with Dollar/Yen partly with x150 leverage, which does exists.

That doesn't mean that we are not going to end up with anything that would be riskier at forex, you can also do the opposite as well, there are literally btc/doge parity for leverage as well, something high there with just usd/eur parity with low leverage could definitely make the crypto related part a lot riskier. So all in all, there isn't really anything that is guarnateed to be riskier in one side or the other, there are differences in the end for sure.

knowngunman

sr. member

Activity: 798

Merit: 364

Quote from: Z_MBFM on November 06, 2023, 05:02:02 AM

Although crypto is not legal in all countries, it is possible to buy and sell crypto from almost all countries through p2p services. For example, no cryptocurrency including Bitcoin is legal in our Bangladesh so far. But we can easily buy and use crypto through p2p from Bangladesh. although crypto is not legal in Bangladesh, we can kyc on crypto related sites, crypto exchanges with Bangladeshi NID, Passport, Driving licenses. But since crypto is not legal in our Bangladesh, it is very dangerous for us to hold crypto in a centralized exchange because our accounts can be restricted at any time. so I always use non-custodial wallet. Although forex trading is legal in our country, most of the youth here do crypto trading and avoid forex.

Exactly, another advantage of crypto over the forex is its potential for global access since crypto is a decentralized and digital currency, it's not subject to the same geographical restrictions as forex.

Quote from: hack3rcon on March 11, 2023, 07:32:29 AM

Hello,
What are the Advantages and Disadvantages of the Crypto and Forex? Why should anyone choose Crypto over Forex?

Thank you.

Forex and crypto are two different entities but they both involve the trading of currencies. The main difference between these two is that forex is a regulated market and crypto is largely unregulated. The decision to choose any is absolutely yours but crypto has the potential for much higher returns than forex because the crypto market is still growing and evolving and there's the possibility that it will increase in value over time. Crypto also offers the chance to invest in new and innovative technologies. Forex is a more established market and crypto is a more decentralized market meaning that it's less influenced by governments.

Fivestar4everMVP

legendary

Activity: 2422

Merit: 1083

Leading Crypto Sports Betting & Casino Platform

Quote from: hack3rcon on March 11, 2023, 07:32:29 AM

Hello,
What are the Advantages and Disadvantages of the Crypto and Forex? Why should anyone choose Crypto over Forex?

Thank you.

For me, i think there are no advantages or disadvantages in choosing to trade forex or crypto over the other, it's all a matter of choice and preferences, like myself, i started trading forex before i discovered crypto, and after a while in crypto, i started trading and left forex, not because forex is bad in any way, but simply because i came to like and prefer trading crypto over forex.

There are people who like trading forex and no matter what, they will never leave forex to trade crypto, and there are those as well who will not leave crypto to trade forex, it's all about personal choice, but for me, i just prefer trading crypto, most especially, spot trading because, i have the option of holding a coin i bought for a longer time incase its price did not go as i expected, at least, until the price moves up for me to sell in profit, this is completely different from forex where a loss is a loss, most especially, if you are using a very high leverage, like it is in futures market in crypto.

DVlog

full member

Activity: 504

Merit: 212

Quote from: hack3rcon on March 11, 2023, 07:32:29 AM

Hello,
What are the Advantages and Disadvantages of the Crypto and Forex? Why should anyone choose Crypto over Forex?

Thank you.

If you are a risk taker and love volatility then crypto is for you but if you want a less risky environment, you can do forex though higher leverage and margins can give you massive losses in those two. These two markets are a bit different in nature. Forex markets impact on news but you can be a successful forex trader only by using different indicator setups. In crypto basic indicator is useful but you need to keep in mind a lot of different things when taking your entry. A news event can prove your whole set up wrong. So it will be wise to use google to gather more information about these two sectors. I can add more points in my comments because i traded in both market but I want you to work on it so that you can value your efforts properly.

cute nmp

jr. member

Activity: 1708

Merit: 3

Both are profitable and risky at the same time, although crypto pairs are much simpler to trade Forex has more movement and volatility making it fast to to take profit or vise versa, while crypto takes a long period of time to go in any direction. One just has to pick the one that suit him best considering which one brings in more profits and less looses.

Franctoshi

hero member

Activity: 1022

Merit: 600

Quote from: Assface16678 on November 06, 2023, 08:54:57 AM

Quote from: Franctoshi on November 06, 2023, 07:20:44 AM

There is not much of a difference between the two, Forex gave birth to cryptocurrency in terms of its idea, both can be profitable and you can lose as well, however, it depends on the one you find more profitable trading, you can engage in both just that when it comes to trading cryptocurrency, spot trading makes it more convenient to trade and invest cryptocurrency, in the sense that you can own the asset.

Forex gave to what? crypto currency concept? I disagree with you about that; trade is being done and used even in the past, or old times. The form of bargaining, or such, forex and crypto currency trading are totally different; they are similar to the concept of "trading". Forex and crypto currency trading take on the idea of "trading". So how can you say forex gave birth to the idea of cryptocurrency if forex itself only takes the form of trading from what we are doing every day?

After all your disagreement you still end up contradicting yourself and in the end, there is no point to taking home.
Seems you have a problem with understanding my point, I never said both are the same, rather I said no much different and I made mention in terms of its idea which is the concept of trading and I went further to point out how spot trading makes a difference here in terms owing the coin when it comes to crypto trading.

Assface16678

full member

Activity: 1484

Merit: 136

★Bitvest.io★ Play Plinko or Invest!

Quote from: Franctoshi on November 06, 2023, 07:20:44 AM

There is not much of a difference between the two, Forex gave birth to cryptocurrency in terms of its idea, both can be profitable and you can lose as well, however, it depends on the one you find more profitable trading, you can engage in both just that when it comes to trading cryptocurrency, spot trading makes it more convenient to trade and invest cryptocurrency, in the sense that you can own the asset.

Forex gave to what? crypto currency concept? I disagree with you about that; trade is being done and used even in the past, or old times. The form of bargaining, or such, forex and crypto currency trading are totally different; they are similar to the concept of "trading". Forex and crypto currency trading take on the idea of "trading". So how can you say forex gave birth to the idea of crypto currency if forex itself only takes the form of trading from what we are doing every day?

Forex and crypto trading are both good in terms of earning; it just depends on how efficiently you trade. The profit will depend on the skills and experience of the traders, but for me, I'm more into crypto. I do both; it's just that I'm more into crypto as I'm more expert and familiar with that field. To wrap it up, I don't judge by what you've said; it's just that you got the wrong idea of what forex and crypto currency are.

Franctoshi

hero member

Activity: 1022

Merit: 600

There is not much of a difference between the two, Forex gave birth to cryptocurrency in terms of its idea, both can be profitable and you can lose as well, however, it depends on the one you find more profitable trading, you can engage in both just that when it comes to trading cryptocurrency, spot trading makes it more convenient to trade and invest cryptocurrency, in the sense that you can own the asset.

Z_MBFM

sr. member

Activity: 546

Merit: 309

Quote from: leonair on November 05, 2023, 12:49:02 PM

Quote from: Z_MBFM on November 05, 2023, 12:42:32 PM

Quote from: Daniel91 on March 11, 2023, 08:56:26 AM

I've tried both, so I can speak from my own experience.
I lost a lot of money in forex, because things change very quickly and you need to analyze market movements a lot and make quick decisions, and you also need to have enough money to invest to cover your open positions. It is purely about trading.

Forex trading like Future trading Because here also Leverage option is available but However, a difference here is that the currency issued by the government of a country is used for Forex trading and virtual digital currency is used for future trading. And some country's currency fluctuates less but crypto fluctuates more. So I also think that long term investment in crypto is much safer and highly profitable than Forex trading.

I somewhat agree with you. Crypto holdings are better than forex trading. But despite the fact that crypto is more profitable, it is not possible for everyone to use it because crypto is still illegal in many countries. Again, there is a lot of risk here due to the high rise in the price of crypto. And there are huge amount of coins in the crypto market which makes it difficult to predict which one will be good. But in the case of forex trading, the currencies are issued by the government, so there is no chance of any money being scammed like crypto coin

Although crypto is not legal in all countries, it is possible to buy and sell crypto from almost all countries through p2p services. For example, no cryptocurrency including Bitcoin is legal in our Bangladesh so far. But we can easily buy and use crypto through p2p from Bangladesh. although crypto is not legal in Bangladesh, we can kyc on crypto related sites, crypto exchanges with Bangladeshi NID, Passport, Driving licenses. But since crypto is not legal in our Bangladesh, it is very dangerous for us to hold crypto in a centralized exchange because our accounts can be restricted at any time. so I always use non-custodial wallet. Although forex trading is legal in our country, most of the youth here do crypto trading and avoid forex.

leonair

sr. member

Activity: 1400

Merit: 420

Quote from: Z_MBFM on November 05, 2023, 12:42:32 PM

Quote from: Daniel91 on March 11, 2023, 08:56:26 AM

I've tried both, so I can speak from my own experience.
I lost a lot of money in forex, because things change very quickly and you need to analyze market movements a lot and make quick decisions, and you also need to have enough money to invest to cover your open positions. It is purely about trading.

Forex trading like Future trading Because here also Leverage option is available but However, a difference here is that the currency issued by the government of a country is used for Forex trading and virtual digital currency is used for future trading. And some country's currency fluctuates less but crypto fluctuates more. So I also think that long term investment in crypto is much safer and highly profitable than Forex trading.

I somewhat agree with you. Crypto holdings are better than forex trading. But despite the fact that crypto is more profitable, it is not possible for everyone to use it because crypto is still illegal in many countries. Again, there is a lot of risk here due to the high rise in the price of crypto. And there are huge amount of coins in the crypto market which makes it difficult to predict which one will be good. But in the case of forex trading, the currencies are issued by the government, so there is no chance of any money being scammed like crypto coin

Z_MBFM

sr. member

Activity: 546

Merit: 309

Quote from: Daniel91 on March 11, 2023, 08:56:26 AM

I've tried both, so I can speak from my own experience.
I lost a lot of money in forex, because things change very quickly and you need to analyze market movements a lot and make quick decisions, and you also need to have enough money to invest to cover your open positions. It is purely about trading.

Forex trading like Future trading Because here also Leverage option is available but However, a difference here is that the currency issued by the government of a country is used for Forex trading and virtual digital currency is used for future trading. And some country's currency fluctuates less but crypto fluctuates more. So I also think that long term investment in crypto is much safer and highly profitable than Forex trading.

bayu7adi

hero member

Activity: 1470

Merit: 558

dont be greedy

In simple terms, I prefer volatile assets like cryptocurrencies for now. For low risk savings, i choose stocks. I've never ventured into forex trading at all, and I don't even want to get into it because I want to focus on what I do, which is stocks and cryptocurrencies.

source : https://the5ers.com/crypto-and-forex/

I'm aware that the trading volume in cryptocurrencies is significantly different from forex... in fact, cryptocurrencies don't even reach 1% when compared to forex. However, I see that the competition in the world of crypto isn't as intense yet, and there's still some room for a bit more freedom without sacrificing our privacy as a guarantee to the government. Since getting to know Bitcoin, I've been trying to maintain my belief that cryptocurrencies deserve to be an alternative digital currency in the future. That's why I prioritize cryptocurrency over forex.

Rabata

sr. member

Activity: 980

Merit: 311

Quote from: hack3rcon on March 11, 2023, 07:32:29 AM

What are the Advantages and Disadvantages of the Crypto and Forex? Why should anyone choose Crypto over Forex?

Although Forex and crypto trading platforms are ethnically similar, there are major differences between the two. We know that the forex market is much bigger than cryptocurrency. There are approximately 6.6 trillion transactions per day. On the other hand, although the size of the crypto market is not large compared to Forex, its adoption is constantly increasing rapidly. Crypto market is a completely new market place compared to Forex. There are currently around 1.3 trillion transactions being completed. But in terms of volatility crypto forex is much more than forex. The basic thing that the best advantage of crypto is that if a crypto user trades without knowing about the forex market, he will definitely lose, but if someone buys a good coin in the crypto market, especially bitcoin, and saves it for a long time, then he can earn more profit. As the risk is less here, the amount of profit is also higher.

m2017

legendary

Activity: 1792

Merit: 1296

Playbet.io - Crypto Casino and Sportsbook

Quote from: gunhell16 on November 04, 2023, 05:43:27 PM

Quote from: hack3rcon on March 11, 2023, 07:32:29 AM

Hello,
What are the Advantages and Disadvantages of the Crypto and Forex? Why should anyone choose Crypto over Forex?

Thank you.

I know someone who used to do forex trading to make money, but after 2 years he shifted to cryptocurrency trading because he told me that crypto trading is better than forex trading. Although he knows that crypto and forex have both pros and cons,

How is crypto trading better than forex trading? Did someone forget to explain this to you?

The biggest advantage of crypto trading is that you can do it without any extra middlemen charging fees for it. That is, you don't need to contact licensed brokers. Although, if you think about it, the exchanges on which trading takes place are, in a sense, also the same brokers encroaching on interest from your transactions.

Quote from: gunhell16 on November 04, 2023, 05:43:27 PM

But it is said that crypto is actually better than forex. But when it comes to the tool indicators that are used, it is said that they are almost the same, but for many reasons, it is said that it is really only in crypto trading to get profit here.

Here again is the statement that cryptocurrencies are better suited for trading, but you don't voice why this is so.

Topic: Crypto or Forex? - page 3. (Read 1271 times)