Crypto or Forex? - page 6. | Bitcointalksearch.org

MoonOfLife

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Quote from: dunfida on April 02, 2023, 03:48:22 PM

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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.

Crypto and Forex both have their advantages and disadvantages.

Advantages of Crypto include a decentralized system, potential for high returns, and fast transactions with low fees. However, it is also highly risky and lacks regulation and security, with limited merchant acceptance.

Advantages of Forex include a large market with high liquidity, regulated and secure trading environment, and a wide range of trading strategies and options. However, it is complex, high risk due to leverage, and sensitive to global political and economic events.

Choosing between Crypto and Forex depends on an individual's risk tolerance, investment goals, and expertise in the respective markets. The choice is yours.

This is on point!

This is why it would really be ending on your preference because it would really be mattering on how much risks you could be able to take.This is an on point differentiation about the two.
I've been through forex and i could say that because of slow movement or simply its volatility isnt really that much then somewhat it do bores me.Yes, the more volatile the more risky it is
but this one do really makes me interested on playing around here on crypto space but of course when it comes to security and regulation then this is where
it do lacks.

If you think forex is less volatile and boring, try increasing leverage, you will also get a roller coaster feeling. I don't think you've ever gotten into forex trading, because if you do, you'll find that when you trade in gold with high leverage, you can make hundreds of thousands of dollars or lose it all in shortly. If you are a good trader, forex trading is easier to make money than cryptocurrency trading

dunfida

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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.

Crypto and Forex both have their advantages and disadvantages.

Advantages of Crypto include a decentralized system, potential for high returns, and fast transactions with low fees. However, it is also highly risky and lacks regulation and security, with limited merchant acceptance.

Advantages of Forex include a large market with high liquidity, regulated and secure trading environment, and a wide range of trading strategies and options. However, it is complex, high risk due to leverage, and sensitive to global political and economic events.

Choosing between Crypto and Forex depends on an individual's risk tolerance, investment goals, and expertise in the respective markets. The choice is yours.

This is on point!

This is why it would really be ending on your preference because it would really be mattering on how much risks you could be able to take.This is an on point differentiation about the two.
I've been through forex and i could say that because of slow movement or simply its volatility isnt really that much then somewhat it do bores me.Yes, the more volatile the more risky it is
but this one do really makes me interested on playing around here on crypto space but of course when it comes to security and regulation then this is where
it do lacks.

gocryptoz

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both are good but if you ask any professional trader he will tell you that you can gain more with cryptocurrency than forex
if you know how to trade.

borovichok

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Quote from: Comingdown on March 31, 2023, 03:00:26 PM

Both can be traded and invested but it differs in their volatility. The crypto market is highly volatile hence if you want higher returns and are comfortable with that volatility, choose crypto. But if you want that less volatile, more stable, and established market forex is maybe a better choice. It's important to know these two markets before actually investing in them. Know your risk tolerance, and goals and have a trading strategy. Don't invest in something that you don't understand and risk what you can afford to lose.

Reaching a firm decision on both can require the entire day. The most important thing is to follow your instincts and avoid following the herd in order to make good money from any sector. Forex and cryptocurrencies both have volatility, however I tend to think that the volatility of forex trading pairs is higher than that of bitcoin. The most volatile pair is gold, and traders using effective scalping techniques can benefit from it. Trading in forex and cryptocurrencies is risky, but with an improved trading strategy, one can profit significantly from the market. Unlike bitcoin, which is prohibited in the majority of countries out of concern that it may eventually replace legal fiat currency, forex trading is a straightforward trade position, hence I'm more knowledgeable about it.

Comingdown

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Both can be traded and invested but it differs in their volatility. The crypto market is highly volatile hence if you want higher returns and are comfortable with that volatility, choose crypto. But if you want that less volatile, more stable, and established market forex is maybe a better choice. It's important to know these two markets before actually investing in them. Know your risk tolerance, and goals and have a trading strategy. Don't invest in something that you don't understand and risk what you can afford to lose.

irhact

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Quote from: cute nmp on March 11, 2023, 04:47:24 PM

Crypto trading can be profitable as well as forex but I will definitely go with crytocurrency because it has less market manipulation and much simpler.Many are successful with forex but I advised you to start with cryto especially if you are a beginner when you become more advanced you can move to forex or do both.

Which planet are you living in, how can forex be more manipulative than an unregulated market that's cryptocurrency. We have so much regulations that it makes it hard for the forex market to be manipulate and whenever it gets manipulated, they usually get caught. The forex market has more eye monitoring the activities than the crypto market.

Cryptocurency market is the home of manipulation, the activities can be found in the biggest coin in the market which is Bitcoin. We have whales manipulating the market steadily for the selfish gains and the government has also jointed in this as they pass laws to crash the market and do the other way when they want to benefit, e.g China.

Strongkored

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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've done both but I trade crypto more than forex because it seems like forex is not the right thing for me because losses are more common even in a very short time, and I feel because forex will really suit those who already understand reading indicators. Crypto trading is easier to understand, especially spot trading, even for those who don't understand technical analysis, you can still do it by buying cheap and selling expensive, and if it doesn't work out as predicted, you can save it for the long term, but changing our daily trading in crypto to long term only applies to a few coins and most altcoins will only make us lose money if stored long term and even become garbage.

bbigtart

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Quote from: Questat on March 28, 2023, 04:45:43 PM

When it comes to volatility OP, crypto was indeed showing more a reason why it gives more interest to the people despite the risk because in this way we have the chance of earning more compared to Forex trading. However, it was not just the volatile nature of the market, crypto had also a lot of choices.
But in general, whether it was forex or crypto trading, earning a profit still depends on the trader, and if we don't have knowledge and skill about trading, we can't expect good results but failure and losses.

The point is that every field has knowledge, learn the knowledge first as deeply as possible, because nothing is instant, nor is becoming "rich".
In Crypto and Forex trading it makes people bankrupt, it all depends on "process". Every process must have something called "risk".

In my opinion, forex is not something that can be done without knowledge, just like crypto. And even in crypto, if you only chase "money", you are greedy without focusing on the process, you could be doomed. that's how. It all depends on mindset and perspective. And also people's passion is different.

Questat

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When it comes to volatility OP, crypto was indeed showing more a reason why it gives more interest to the people despite the risk because in this way we have the chance of earning more compared to Forex trading. However, it was not just the volatile nature of the market, crypto had also a lot of choices.
But in general, whether it was forex or crypto trading, earning a profit still depends on the trader, and if we don't have knowledge and skill about trading, we can't expect good results but failure and losses.

gabbie2010

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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 been into both crypto and forex trading both are equally good for earning profit consistently, however the former prices are too volatile, a crypto trader has to be very skillful and experienced especially when trading with a high leverage, however I think the price movement of forex trading pairs are moderate except in an event of a Red news which most likely pump and dump the price during the news apart from that forex pairs movement is less volatile and most of the pairs formed tradeable candlestick patterns such as Pin bar, Engulfing bars, hammers etc at the resistance and support zonesin line with TA, however crypto pairs in most cases defied technical analysis works more with Fundamentals.

Bananington

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

Why should anyone choose Crypto over Forex?

Preference is usually the number one reason first then followed by the one you understand the most then profit is another reason.

For preference, it talks about choice and which you like after maybe trying both options.
About which you understand the most, they both have the potential to give you profit, but after you have tried both and seen the one that you have recorded more profit, a choice can the be made to decide which to continue with.
Talking strictly about profit, Crypto has the potential to be more profitable because it is more volatile, although it has more risk, some people may see it as a preferred choice than forex. These are some reasons.

Junii

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Both crypto currencies and forex have advantages and disadvantages. Crypto is decentralized high volatile and use high security encrytptions to secure transactions . While it has high risk , lack of regulation , and limited adoption. While forex has high liquidity, low volatility and is accessible to traders of all levels . While the disadvantages of forex is high leverege, high competiton . So the choice between crypto and forex trading depends on your personal preferences and risk tolerance. Crypto trading may be more suitable for those who are comfortable with high risk and volatility, while forex trading may be more suitable for those who prefer a more stable and regulated market. Bur i am in the favour of crypto. As i also do crypto trading .

Kgdktac

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each has its own advantages and disadvantages. Here are some of the key differences between the two:

Advantages of Crypto:
1: High potential for growth
2: Decentralization
3: Anonymity
4: Low transaction fees.

Cons
1: High volatility
2: Security risks
3: Limited acceptance

Forex Pros
1: Liquidity
2: predictable market
3: widely accepted
Cons
1: High transaction fees
2: Centralized control
3: Limited potential for growth 📈

Abbahti10

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I will state that both require funds to start out, particularly for trading, and that it is a matter of decision. I will say that trading requires a lot of capital to get started, and you could easily lose your stake. You just need to be completely focused and familiar with how the market functions, which means that anything can happen at any time. I will also say that you need to have the ability to hold for a long period of time (crypto). Simply accept the danger and keep it in mind at all times. you could simply mine cryptocurrency, having money for startup costs is not a need for it.

awik p

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Quote from: Peanutswar on March 24, 2023, 06:25:49 PM

It depends where you are confident to make a trsde actually they are both good to make a position but in crypto we know how does the market of it too much volatile so better always keep an eye and make a trading plan with your next coming move. I've been trading crypto for over a year and I have a good ride of it so I stick with it because I do a quick scalp and I do forex too for a long term trsding.

if we already know the destination like you will indeed be better, and can choose according to our comfort. it's different for me, where with great volatility in cryptocurrencies, I prefer to use long-term trading or investment, while short-term trading I do it on forex, given that there are no wild movements where it will be easier to predict

cute nmp

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I personally prefer trading the crypto-market it is much easier and simpler to trade than the forex market.The forex market has lots of manipulation which results in a lots of loss while on the other hand the crypto-market is still new and not that manipulated and one can manage to make consistent profits from it.

Chilwell

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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 advantages I see in forex if your analysis are correct and the market then favour you, it will make you rich but it disadvantage is that you will notice that the market is not in your favour and you will not be able to anything and you will lose everything

Crypto have less risk than forex. The disadvantage I see in crypto is that you will purchase a coin which you plan to hold for along time and the end the coin will end up useless. The advantages is that is required patient, and you can control it yourself that's if it get higher you can sell it by yourself

Peanutswar

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It depends where you are confident to make a trsde actually they are both good to make a position but in crypto we know how does the market of it too much volatile so better always keep an eye and make a trading plan with your next coming move. I've been trading crypto for over a year and I have a good ride of it so I stick with it because I do a quick scalp and I do forex too for a long term trsding.

Woodie

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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.

Well one of the advantages Forex has is it has been out there for years and people have been able to find the best algorithm to trade it unlike crypto which is still new on the market and people are still trying to decipher it's trading pattern....

And when it comes to choosing between the two, forex can be best traded when their Is volatility like during market open like the New York Open,or London Open unlike crypto which reacts to current news happenings without any pattern to follow... honestly it's all about preference at the end of it.

NicNacCoin

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To be honest, for me the priority direction is Forex. For me, this market is more understandable and I am sure that I can earn money here. For work, I now use a broker from Amarkets, and I am very pleased with this option.

Do you have a lot of experience in forex? Have you ever been able to earn from a forex trading platform? My experience with forex trading is not complete. Because of which I never prefer Forex. I have been involved in trading for the past few years. I am earning based on this trading so I am giving this trading the highest priority. But I am very curious to know about forex. Hope to gain experience from forex trading platform one day.

Topic: Crypto or Forex? - page 6. (Read 1271 times)