Crypto or Forex? - page 4. | Bitcointalksearch.org

gunhell16

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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,

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.

GiftedMAN

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Quote from: cute nmp on April 23, 2023, 12:06:01 PM

Both are very good and can be very profitable.I personally prefer the crypto-market more than the forex market cause it is much simpler and bring it more consistent profits unlike the forex market that has lots of manipulations and can easily result to lots of losses most of the times.

Whether we are cryptocurrency or forex traders, we can make profits from the market if we know how to trade very well and keep to our plans. One of the reasons why people keep losing in the market is because of there weakness to take appropriate trades without procrastinating it. There are some cryptocurrency traders who had been a forex traders before they enter into crypto to start trading. Because Crypto trading is still new in the market and the nature of the market, mist time the market does not depend on technical analysis for we to trade. There are many traders that do pump and dump and make good profits from the market.

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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.

My friends in the Forex market have mentioned that Forex trading doesn't simply move directly upward or downward. It involves various fluctuations, daily cycles, and requires close attention to specific price actions. This stands in stark contrast to the cryptocurrency market where, particularly in the last couple of years, buying the dips seemed to be the predominant strategy. In Forex, however, there's a learning curve toward becoming a disciplined trader, emphasizing data collection to build trust in your strategies.

In cryptocurrency, there's a strong emotional attachment, especially to dominant coins like Bitcoin, significantly impacting our trading decisions. On the other hand, in Forex, trading pairs such as USD/JPY or EUR/USD often allow traders to be less concerned about the market's direction and focus more on their individual trading setups. Personally, I find the crypto market more consistent as technical analysis often aligns with expectations.

shinratensei_

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In my opinion crypto just works better for me and makes more sense too, I mean its still arguable that forex might be confusing for many, since even it looks complicated the first minute you try it out.
but the thing that I like with crypto is that, if you do spot trading, and somehow your supposed capital for trading is currently in loss because sudden correction occurred, you can just wait it out and consider it as investment.
in the upcoming bullrun, surely your coin will definitely have some improvement and the value will increase too, that if the coin is quite good enough.
in other hand, if you are losing some value, you can make other decision beside just outright cut lose.
also there are more variety in crypto to make profit like staking stablecoin and so on, it just feels more attractive.

alastantiger

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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 both of them are good but this is based on an individual preference. Forex has been there and it offers you a lot of opportunities as if you become good as you you can even work for companies and be trading for them I do not think these have exactly nneedeeBitcoin because most of those companies are scared about Bitcoin. It is a new asset and they haven't used before so if your organisation is good enough to take part in this

gunhell16

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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 have seen people who used to trade in forex, then later stopped and shifted to crypto trading. And the only thing I know is that in forex, real money is traded here, while in crypto trading, it is not, but a digital currency that can be converted to real money.

They have the same risk, just higher than cryptocurrency because of its supply and demand. But even so, I prefer crypto to forex because I have been doing it for 7 years as my personal source of income.

dunfida

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Quote from: Natsuu on October 28, 2023, 08:30:24 AM

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Hey @Lanatsa, fantastic points you've laid out about the pros and cons of both Crypto and Forex trading. You're absolutely right; both have their own set of risks and rewards. The economic indicators you mentioned for Forex are spot-on, and these can create huge volatility just like in the crypto market.

Right. Personally, I started with forex because it was easier and less risky for me. Investing in both crypto and forex is like having a variety in your investment menu. They work independently so when one is down, the other might be up, balancing things out. Its good to have choices in investments but we always have to remember invest wisely and take things slow

Less risky because of that less volatility kind of behavior when it comes to prices and this is where some people do really prefer on staying or choosing up forex instead of crypto but we know that there are people who had really make that entire switch up to crypto because we cant really deny that money making in crypto is much more faster than with forex due to extreme volatility. We do know that there are people who are more risks takers compared into others and this would really be that according into their own choices.If you do like on having that less risks then forex is for you but you could eventually able to deal up and just fine on with those risks then it would really be that your choice.

For me, im also a forex trader wayback but due to volatility of crypto and the possibility of profit making that you could get then you cant blame out those other traders who do make
out such choice on which i have already stick up into this market considering that chances on making easy money is there but come to mind that even losing money is
still there on more higher extent but if you could be able to bare it then it would be just fine.

Natsuu

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Quote from: ?? on ??

Hey @Lanatsa, fantastic points you've laid out about the pros and cons of both Crypto and Forex trading. You're absolutely right; both have their own set of risks and rewards. The economic indicators you mentioned for Forex are spot-on, and these can create huge volatility just like in the crypto market.

Right. Personally, I started with forex because it was easier and less risky for me. Investing in both crypto and forex is like having a variety in your investment menu. They work independently so when one is down, the other might be up, balancing things out. Its good to have choices in investments but we always have to remember invest wisely and take things slow

dansus021

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I mean if you love how candles work I think most people will choose both of them. anything that has to do with candlesticks and I guarantee you there will be news that can turn any asset into a volatile so neither forex or crypto is volatile. and if you know how to analyze it you will win neither from crypto nor forex.

Assface16678

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Both, why? Simple, I do both; I trade in both crypto and forex. If you will ask me, who is much better? Still, both crypto and forex trading have their own characteristics or ways to earn money. While crypto or bitcoin trading that I do is for long-term trade, forex for me is for scalping, sometimes intraday. Why do I do them both? Well, while I have an open trade on my bitcoin, you will need to wait if you want to maximise your earnings with, of course, good chart mapping. I do forex trading mainly in gold and USD pairs, as in forex you can trade by either buying or selling. You see, they are both good trades and have different difficulties; they still have their own pros and cons. And yes, I earn a lot for both trades. It look hassle but I'm enjoying trading in both forex and crypto currency.

Lanatsa

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Quote from: irhact on April 17, 2023, 05:50:34 PM

Quote from: Lanatsa on April 12, 2023, 03:43:12 PM

Why anyone choses up Crypto over Forex? Then this is mainly of the reasons;

1. Fast profit
2. Too volatile
3. Unregulated
4. Easy deposit/withdrawal

But somehow these advantages does have its own risks equalled which is understandable.This is why some trader do still decide on
staying up on something which is less volatile but it isnt really that bad on making yourself that involved with this two
as long you do know on what you are doing and able to manage up your time well.

Anybody finding it hard to do both and have to choose between them both can use this strategy. In the bull market, you trade cryptocurency but when the bear markets start you switch to trading forex market. One advantage of the forex market is that it doesn't have a good or bad season, you can always make profit any time when you have learnt well.

Cryptocurency and forex has their difference and similarities, there won't be anything bad if you can do the both of them. Cryptocurency trading gives you an advantage to hold the coins you bought but that won't be possible if you're trading the forex market.

You cant really say that in times of bear market on crypto doesnt mean that switching to forex would be ideal. Arent you aware on what are those bad times
on Forex market?

1. Central Bank Rate Decision
2. Gross Domestic Product
3. Consumer Price Index
4. Employment indicators
5. FOMC Meeting

https://www1.equiti.com/blog/posts/2017/september/top-5-economic-news-events-for-forex-trading

There would be no exemption when it comes to events or whatever economic which it do really make some huge impact or volatily
neither on Forex or Crypto. We do really have that notable differences though.

Weezenhofnar

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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.

Advantages of crypto include decentralization and potential for high returns, while disadvantages include volatility and lack of regulation. Forex offers stability and regulation, but lower potential returns. The choice depends on personal preferences and risk tolerance.

cute nmp

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Both are very good and can be very profitable.I personally prefer the crypto-market more than the forex market cause it is much simpler and bring it more consistent profits unlike the forex market that has lots of manipulations and can easily result to lots of losses most of the times.

Nrcewker

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Quote from: dr.hopkins on April 04, 2023, 01:01:16 AM

One of the downsides of forex is the high fees and commissions charged by brokers. XGo, on the other hand, offers daily interest on my assets with zero fees.

Yes brokers are the main reason for which many traders avoid forex trading. These unnecessary and hidden charges take too much percentage of the profit and hence the traders want to avoid these type of trades. On the other hand there is not too much hassle regarding the charges or fees in crypto trading, cryptos are tax free mainly and are done by P2P deals to cash out money. The only disadvantage of crypto trading that the traders face is that, cryptos are not regulated in many places, hence they fear sometimes. So yes both have advantages and disadvantages, we have to choose according to our needs and feasibility.

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Quote from: dr.hopkins on April 04, 2023, 01:01:16 AM

One of the downsides of forex is the high fees and commissions charged by brokers. XGo, on the other hand, offers daily interest on my assets with zero fees.

If indeed that is a serious problem, although that depends a lot on the brokers you choose, there are some brokers that like to make traders lose on purpose, something that does not seem very transparent to me, usually one of the exchanges should be chosen that is not the case, there are, generally here in forex there are many good things and one that I have always said is that the volume is consolidated, and that is a unique advantage, for me it is one of the things that should be had the most In consideration, on the other hand, in crypto the volume is not consolidated and that is something that is very difficult to read because it is not complete and that data is quite necessary to make decisions.

el kaka22

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Obviously crypto. Crypto (believe it or not) is safer, because I think spot trading and long term investment is a good idea here. Whereas we are talking about something that would be a bit different and would result in something that could happen to be a bit more risky stuff when we are talking about forex.

After all forex is a quick trading stuff, with high leverage and the results would be something much better. In the end we should not be worried about this comparison or versus because we are in the bitcointalk forum and you shouldn't be shocked to learn that most people here would prefer bitcoin. I love it so much that I am investing every penny I can afford into bitcoin to make a profit in the future.

Smartvirus

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There are different risks level in the various fields and if I were to assert between them both as per forex and cryptos, I would say it is more risky to trade foreign than cryptos. Forex don't really depend on the masses but most times, the news that circulates around the stock market, declarations in by the US president, I cam recall Trump had quite an influence, the international monetary firm and more of those.
For cryptocurrency, it is different. The majority that dominates the market gets to decide.

Most of all, there isn't a safe zone in the forex market, there isn't any hodlubg as we've got in the crypto space. You ate either trading and taking high risk chances or not but cryptocurrency gives you that space to hodl and profit in due time so long as, you did choose the right coin.

irhact

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Quote from: Lanatsa on April 12, 2023, 03:43:12 PM

Why anyone choses up Crypto over Forex? Then this is mainly of the reasons;

1. Fast profit
2. Too volatile
3. Unregulated
4. Easy deposit/withdrawal

But somehow these advantages does have its own risks equalled which is understandable.This is why some trader do still decide on
staying up on something which is less volatile but it isnt really that bad on making yourself that involved with this two
as long you do know on what you are doing and able to manage up your time well.

Anybody finding it hard to do both and have to choose between them both can use this strategy. In the bull market, you trade cryptocurency but when the bear markets start you switch to trading forex market. One advantage of the forex market is that it doesn't have a good or bad season, you can always make profit any time when you have learnt well.

Cryptocurency and forex has their difference and similarities, there won't be anything bad if you can do the both of them. Cryptocurency trading gives you an advantage to hold the coins you bought but that won't be possible if you're trading the forex market.

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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 think the reason is very simple, and that reason is about convenience,
because in crypto currency trading we have a digital wallet and the market is always running 24 hours,
but Forex doesn't have that and the market runs limited, this is why crypto currency is much better than on forex.

molsewid

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For me, forex is a more reliable option. Nevertheless, cryptocurrency is too risky option, unpredictable. I don't like that very much.

I know these two trading system I don't know if it is right to call it a system. Crypto is more fun, there's a lot of token and coins to choose from but you need to have a deeper research because not all projects can sustain nor can be profitable in the long run. But you can also try to stick to btc and eth there's no doubt that these are the best, but with Forex though less risky but you can't see the result in a small span and small investment only.

Topic: Crypto or Forex? - page 4. (Read 1256 times)