Crypto or Forex? - page 7. | Bitcointalksearch.org

StarKay

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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 share few similarities but are mostly different. The future and perpetual trading in crypto is similar to trading Forex but where they mostly differ is the spot trading. I can decide to hold cryptocurrency especially BTC and hodl for long-term investment but that option doesn't make investment sense in Forex. I'll choose Crypto over Forex.

palle11

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Quote from: Silberman on March 23, 2023, 10:56:53 PM

One of the great advantages that this market has over Forex is the size of the capital needed to open an account, where I live a person interested in trading the Forex market will need a few thousands dollars just to start, and it is preferable to have 10k or more, however when it comes to this market people can start with as little as a few dollars, this makes this market more accessible for the average person and it allows talented traders with low funds to start to accumulate profits at a faster rate than what the Forex market would allow them to get.

Sorry the information contained in your post is not correct and it is misleading to say that opening a forex trading account takes thousands of dollars, no it doesn't. Gone are the days that brokers or forex trading platforms have a three digit limit to open an account, now with two digits you can open a forex trading account. In fact you can do that with as less as $20 if you so wish. You can google it up to check.

Silberman

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Quote from: cute nmp on March 23, 2023, 03:10:05 PM

Well both can be profitable it depends on which one you specialized more on.I prefer Crypto more than forex cause I make more profits with the crypto-market.Forex is more harder and has lots of manipulations so you can easily lost your funds.Not good for a beginner trader so I definitely will go with Crypto.

One of the great advantages that this market has over Forex is the size of the capital needed to open an account, where I live a person interested in trading the Forex market will need a few thousands dollars just to start, and it is preferable to have 10k or more, however when it comes to this market people can start with as little as a few dollars, this makes this market more accessible for the average person and it allows talented traders with low funds to start to accumulate profits at a faster rate than what the Forex market would allow them to get.

gunhell16

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Either of the two you can have an income there, now it depends on you where you are more comfortable and you can do less. Although, we each have a little more skill and we know of course that we are there because we know that we will not be in trouble.

Because I'm learning in the crypto space that's why I'll stay here more because this is also where I get my source of income for the few years I've been here in this cryptocurrency industry.

blockman

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Quote from: Pezroly on March 23, 2023, 10:24:32 AM

In crypto you can buy cheap crypto/token and then sale at higher price. For example, you buy BNB crypto at low price and sale it after three days with 5% profit. In Forex, you can make profit and then loose it very fast. So crypto can give you more stable profit.

That's why they say that movement in forex is quicker than crypto but if you've been on both markets, you'll really be able to tell what's better and what's not. But if I'm to choose, I'll choose what's better IMO and that's with crypto. I have already the idea of I should hold, sell or buy. That's why experience here is helpful and that makes someone more eager to go into other markets because of their volatility. And it doesn't have to be on a daily basis because trading here requires patience just like any other markets that we're part of. It's not that bad to test the waters in other lakes and if there are more fish there and you're doing better, why not get into it and take advantage of your momentum from trading there?

cute nmp

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Well both can be profitable it depends on which one you specialized more on.I prefer Crypto more than forex cause I make more profits with the crypto-market.Forex is more harder and has lots of manipulations so you can easily lost your funds.Not good for a beginner trader so I definitely will go with Crypto.

Pezroly

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In crypto you can buy cheap crypto/token and then sale at higher price. For example, you buy BNB crypto at low price and sale it after three days with 5% profit. In Forex, you can make profit and then loose it very fast. So crypto can give you more stable profit.

dunfida

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Quote from: AmoreJaz on March 15, 2023, 04:53:24 PM

Quote from: harapan on March 15, 2023, 04:47:17 PM

Quote from: Oceat on March 11, 2023, 05:24:48 PM

But if you are just starting it's better not to ride the flow yet but proceed to read and learn how to trade properly even if you have losses your winnings matter over losses.

This is a major problem people who are new to trading make. Both forex and crypto beginners make the same mistake. They feel its just a buy and sell model without understanding the technicalities. Whichever anyone chooses between Crypto or forex or even stock trading he must first read, study and understand the dynamics. Learning never ends, even people who are pros in the business still learn and grown their skillset, talk more of a beginner. There's a saying I saw here, "learn before you earn"

i guess some people want an easy way to the get-rich-quick route. however, both have their pros and cons and there's no easy way to profits. in both types of trading, you still need hard work to understand the mechanism of trading. and experience is one of your best bet to gain profits in this market.
don't expect that an overnight study will give you so much info that you can use to beat these markets. it will be long journey if you want to explore these markets. no one can be expert in few days of work. it would be years and years of experience before you can say, you got good grasp of any trading market.

We should put up into our hard-headed minds that there's no such thing about easy money on this world on which it is really that understandable that you should really be thinking about being realistic
on having those approaches on different things.Comparing out Crypto and Forex then it would really be sharing up on the same concept which is to buy low and sell high but its not something that you could
be able to bare up considering that the market is really that unpredictable.They might differ mainly with volatility but its not something that someone could easily be able to handle it out.
You are the ones who do make up decisions whether you would be sticking on the other side which suits you the most.

AmoreJaz

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Quote from: harapan on March 15, 2023, 04:47:17 PM

Quote from: Oceat on March 11, 2023, 05:24:48 PM

But if you are just starting it's better not to ride the flow yet but proceed to read and learn how to trade properly even if you have losses your winnings matter over losses.

This is a major problem people who are new to trading make. Both forex and crypto beginners make the same mistake. They feel its just a buy and sell model without understanding the technicalities. Whichever anyone chooses between Crypto or forex or even stock trading he must first read, study and understand the dynamics. Learning never ends, even people who are pros in the business still learn and grown their skillset, talk more of a beginner. There's a saying I saw here, "learn before you earn"

i guess some people want an easy way to the get-rich-quick route. however, both have their pros and cons and there's no easy way to profits. in both types of trading, you still need hard work to understand the mechanism of trading. and experience is one of your best bet to gain profits in this market.
don't expect that an overnight study will give you so much info that you can use to beat these markets. it will be long journey if you want to explore these markets. no one can be expert in few days of work. it would be years and years of experience before you can say, you got good grasp of any trading market.

harapan

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Quote from: Oceat on March 11, 2023, 05:24:48 PM

But if you are just starting it's better not to ride the flow yet but proceed to read and learn how to trade properly even if you have losses your winnings matter over losses.

This is a major problem people who are new to trading make. Both forex and crypto beginners make the same mistake. They feel its just a buy and sell model without understanding the technicalities. Whichever anyone chooses between Crypto or forex or even stock trading he must first read, study and understand the dynamics. Learning never ends, even people who are pros in the business still learn and grown their skillset, talk more of a beginner. There's a saying I saw here, "learn before you earn"

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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.

In my opinion, both are equally good and profitable, but it depends on the knowledge and expertise you have in trading or investing in investment assets, whether crypto or forex, and you also have to consider the initial purpose of investing or trading.
But for short-term trading or investing, forex can be an option because its active movements fluctuate every day, and if your goal is long-term crypto with good returns, I think crypto is reliable, especially bitcoin.

Smack That Ace

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Quote from: Pandu Geddon on March 14, 2023, 08:31:35 AM

Quote from: Unbunplease on March 14, 2023, 07:18:56 AM

The main problem with Forex trading is that your account can be blocked at any time for one reason or another. And you have no anonymity. When trading cryptocurrencies, you can use either CEX or DEX - depending on your preference. Of course, there are risks everywhere.

do all forex trading platforms have the same rules, which allow user accounts to be deleted or frozen?
that is simply not the case for crypto exchanges. it is very rare for such cases, except in casino scams which usually involve deleting accounts or freezing funds.

I'm not a forex trader, I don't know the advantages or disadvantages. but when talking about risk, every trade will have its risks. if this question is asked on social media forums of forex traders, of course, there will be better and more profitable forex trading answers. but for those in crypto forums, of course, crypto trading will be better and more profitable. although basically, it all depends on the skill of the trader.

I'm also into forex trading, and I've never heard of any regulations about deleting and freezing user accounts without reason. Even forex brokers are more strict and secure as they are regulated by regulatory authorities.

In terms of trading, I feel forex trading is better than crypto. Simply because forex will have enough data for you to analyze and make more accurate predictions. As for crypto, they are more manipulated than dependent on supply and demand, so prediction is difficult. Other than bitcoin, altcoins are almost impossible to analyze and predict.

palle11

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Quote from: Pandu Geddon on March 14, 2023, 08:31:35 AM

Quote from: Unbunplease on March 14, 2023, 07:18:56 AM

The main problem with Forex trading is that your account can be blocked at any time for one reason or another. And you have no anonymity. When trading cryptocurrencies, you can use either CEX or DEX - depending on your preference. Of course, there are risks everywhere.

do all forex trading platforms have the same rules, which allow user accounts to be deleted or frozen?
that is simply not the case for crypto exchanges. it is very rare for such cases, except in casino scams which usually involve deleting accounts or freezing funds.

I'm not a forex trader, I don't know the advantages or disadvantages. but when talking about risk, every trade will have its risks. if this question is asked on social media forums of forex traders, of course, there will be better and more profitable forex trading answers. but for those in crypto forums, of course, crypto trading will be better and more profitable. although basically, it all depends on the skill of the trader.

I don't understand why a forex trading account will be blocked, ask yourself that question to see if you can arrive at a logical answer if not that either the forex platform is a scam. If a forex platform is not a scam I don't think that will happen to block a customer out. It is unreasonable to conceive such, there are could be untrusted platforms waiting for customers deposit to run with your funds so you need to check from friends that are already trading to know reputable trading platform.

Dragonfund

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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 benefit of cryptocurrency and forex is that while they both experience gains and losses, they also process individual advantages and disadvantages. Like cryptocurrency, for instance, the few benefits I am aware of are that you can make money quickly, particularly when trading altcoins, that you don't need a lot of experience to trade, and that you can buy and hold. I'm not sure about forex, but the disadvantage I believe it has over cryptocurrency is volatility. When you lose money in cryptocurrency, it is a catastrophic loss, whereas in forex, losses are minimal, with the exception of when you trade on margin, which can liquidate you at any time.

Pandu Geddon

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Quote from: Unbunplease on March 14, 2023, 07:18:56 AM

The main problem with Forex trading is that your account can be blocked at any time for one reason or another. And you have no anonymity. When trading cryptocurrencies, you can use either CEX or DEX - depending on your preference. Of course, there are risks everywhere.

do all forex trading platforms have the same rules, which allow user accounts to be deleted or frozen?
that is simply not the case for crypto exchanges. it is very rare for such cases, except in casino scams which usually involve deleting accounts or freezing funds.

I'm not a forex trader, I don't know the advantages or disadvantages. but when talking about risk, every trade will have its risks. if this question is asked on social media forums of forex traders, of course, there will be better and more profitable forex trading answers. but for those in crypto forums, of course, crypto trading will be better and more profitable. although basically, it all depends on the skill of the trader.

Unbunplease

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The main problem with Forex trading is that your account can be blocked at any time for one reason or another. And you have no anonymity. When trading cryptocurrencies, you can use either CEX or DEX - depending on your preference. Of course, there are risks everywhere.

JooBra

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Quote from: GreatArkansas on March 13, 2023, 10:13:35 PM

Quote from: samcrypto on March 13, 2023, 04:49:06 PM

Quote from: JooBra on March 13, 2023, 04:50:08 AM

I tried both of them and crypto makes more sense Forex has little time frames and needs a lot of money for trading. For small trader who is starting I suggest crypto then after some time you can go to forex.

This is also the reason why I didn’t push through my Forex trading account, its too expensive to deal with them and my broker is not that good when it comes to trading forex. In crypto, you can start small and trade 24/7 because there’s no rest for the market.
(....)

This is the best explanation or difference when you trade forex versus cryptocurrencies.
The fees are extremely high compared to when you use some centralized exchanges on crypto, it's really far from forex fees.

Besides volatility, which is already given. I also found out that the user interfaces on some platform of Forex trading platforms are difficult to use or not user-friendly compared to what we have right now on cryptocurrency, extremely user-friendly and easy to use with great user interface and user experience (UI/UX).

Also I think Ferox is more luck involved. In my Forex adventure I have like 10 wins in a row and later I lose like 8. The only indicator that give some results in Forex is aligator. But still I stay away from it and I would advice other too.

fullhdpixel

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Quote from: goaldigger on March 12, 2023, 04:35:25 PM

Quote from: ?? on ??

It seems to me that this choice is quite individual. At least, I would choose according to the level of knowledge of the market and, in general, according to the understanding of the work process.

This should be the basis, both of them have their own pros and cons but the question is, your knowledge about it. If you don’t know much about forex then why you will force yourself to invest on that? Same thing with crypto.

If you know both market already, I’m sure you can easily know where to invest more and what market to spend more time because you believe that you can be more profitable on that.

Yeah, it depends on the person or we must only pick one between the two? But, both are still correct if the person is only familiar with one of them but if he is familiar with both forex and crypto then he can do both of it for a better profit potential. You should choose too according to your own knowledge and not the market because market is not a human, they don't have brains.

I think the process of crypto and forex are quite the same depending on what we are talking about, is it trading or investing? But, it will only differ on the level of risk. Cryptos are more risky because they are highly volatile while forex is much stable.

Fullcoinese

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you asked on the Bitcoin as well as crypto forums. That's why you got that answer.
both benefit those with skills and knowledge of the market. although there are traders who trade in both. but maybe more will focus on one of them.
those who trade in the crypto market will focus on assets and any news that can affect the crypto market. so do forex traders. nothing is superior or more detrimental.

WatChe

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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.
Of course, you can join the crypto as a trader, which is also very risky, but you can also join as a long-term holder, and it is a much safer way to invest.
History has shown that anyone who invested in bitcoin and didn't sell it long enough ended up making money. Of course, someone will say that this long-term trend of bitcoin growth will end once and for all, but at the moment it seems to me that there are more optimists about the further growth of the value of bitcoin. Of course, you should still be aware that it is a risky investment, whatever you decide.

Risk is in every trading market (be it commodity, stock, forex or any other) that gives you good return in short duration. In crypto the real profit is in long term trading not the short term. I way reading a story on my local board that one guy sold his bitcoin few days back when Bitcoin was trading on 20k and just couple of days after bitcoin jumped to 24k. You need to be patient to wait for right swings of bitcoin for buying and selling.

Topic: Crypto or Forex? - page 7. (Read 1273 times)