Crypto trading vs Forex trading | Bitcointalksearch.org

Luzin

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Quote from: Kelvinid on September 07, 2021, 05:56:57 PM

It was because you don't understand how Forex trading is done. You don't have an interest in forex as you are in crypto, that of course, it affect our minds, and just like you, Crypto trading is also my preferred. But for sure, they are having similarities, Buy Low and Sell High still as its common used by all traders. But since we are already familiar with the crypto market and also its behavior, it was easy for us to make an analysis and make a trade.

It's been a long time since I've heard of forex, but I haven't studied in detail how it works. But I once tried to use the Meta Trader application with a demo account. I'm too confused about what's in the app. In addition, the management of funds that have to go through a broker, makes me even more unsure of the funds that I will use later are safe or not. That's why I chose crypto because my funds are managed by me. Withdrawals also don't need to wait for approval from the broker, indeed crypto is almost the same as having to go to an exchange but the funds are in our hands. That's all I know about forex. Please correct if I wrong

globalpain

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Quote from: South Park on September 09, 2021, 12:28:52 PM

Quote from: chaser15 on September 04, 2021, 08:13:57 PM

Crypto trading or forex trading, are both profitable. That's not even a question.

The best question here is, how that trader will make his trading experience profitable. Even others will say that crypto is profitable, if you don't know how to handle the stress and pressure, you will end up wrecked. The same goes for Forex or stocks trading.

Just choose who's not profitable but on what do you think you can do better because of your knowledge.

To turn your experience into profits there is nothing else to do but to study the markets, a lot of newbies come to this market with preconceived ideas about the profits they are going to make and they think that it is going to be incredibly easy to do so, and this is not true, the few traders out there that can obtain profits are the ones that take the time to read every single strategy available and then they test it and see if it is better than what they are currently doing.

It is absolutely true and what needs to be understood that making a profit on cryptocurrency trading and forex trading is not something easy,
besides that the risk is also great so that when we make a wrong move we will most likely lose money,
so indeed to make a profit it takes strategy and knowledge is very important

elisabetheva

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Quote from: Sweetbtc on September 07, 2021, 10:49:56 AM

Crypto trading is always a best choice according to my opinion because it is just simple and a beginner can also get attracted to it by seeing its easy and many other crypto facilities but the more you invest then only you can get more, So i want to say that crypto trading is good at all. And forex trading may be but a little.

I see that the only factor is feeling familiar with crypto compared to forex trading, actually when it comes to trading, the two ways of working are not much different and almost the same. once again a person's habituation factor will determine what steps will be taken.

Crypto is indeed starting to be known and loved because it can do many things compared to foreign exchange which was already known earlier. but once again the habitual factor clearly affects, although it must be admitted that crypto is still a lot of alternatives that can be done than forex, and that alternative creates more opportunities to do things that can be profitable not only from trading, that's what crypto is better than forex.

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Quote from: chaser15 on September 04, 2021, 08:13:57 PM

Crypto trading or forex trading, are both profitable. That's not even a question.

The best question here is, how that trader will make his trading experience profitable. Even others will say that crypto is profitable, if you don't know how to handle the stress and pressure, you will end up wrecked. The same goes for Forex or stocks trading.

Just choose who's not profitable but on what do you think you can do better because of your knowledge.

To turn your experience into profits there is nothing else to do but to study the markets, a lot of newbies come to this market with preconceived ideas about the profits they are going to make and they think that it is going to be incredibly easy to do so, and this is not true, the few traders out there that can obtain profits are the ones that take the time to read every single strategy available and then they test it and see if it is better than what they are currently doing.

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Quote from: Jazzi Mahesh on September 07, 2021, 01:27:01 PM

Forex Trading is always my first choice, but I would also like to give the crypto a try to some day.

For forex trading experts, you should enjoy yourselves if you're too effective in that market but no one stops you guys to also study and learn the crypto market.

You're adaptable and easy to understand as what you do is riskier and you're more depth with the market and has enough background already.

Kelvinid

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Quote from: ReiMomo on September 06, 2021, 01:04:53 PM

I personally like crypto trading. I have tried both but the best i would choose is crypto. Opened an account in fiat exchange and tried it for few months. But I did not find more benefits out of it. But the same time and amount was spent on crypto. I could make a good profit and yes I am really comfortable in it. Can hold back the coins. More over I personally attached to crypto as it really helped me when i was in crucial situation.

It was because you don't understand how Forex trading is done. You don't have an interest in forex as you are in crypto, that of course, it affect our minds, and just like you, Crypto trading is also my preferred. But for sure, they are having similarities, Buy Low and Sell High still as its common used by all traders. But since we are already familiar with the crypto market and also its behavior, it was easy for us to make an analysis and make a trade.

Cryptoababe

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Quote from: infobiactrader on June 04, 2021, 09:54:04 PM

Please advise which one is best. Which one is more profitable? Crypto trading or Forex trading?

For me, Crypto trading is more profitable, because you can easily understand the chart and not even look for any signal around. So far you know what kind of market cap a Particular cryptocurrency deserves..
Also, there are a lot of currencies to trade in crypto trading.

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Quote from: New.in.trading on September 06, 2021, 02:38:04 AM

You should really take a step back and find out what you want. Given fix rules around your trading, it does not matter what you trade, EurUsd or BtcUsd. You can trade only one currency pair, looking to score 10 pips a day. If you can do that like 80% of the time, you could then raise the risk and reward of these 10 pips to a total of 1k per trade, 10k per trade 100k per trade, it doesent matter. You could also learn how Elliot or Wyckoff traded the markets and have 10 trades a day with a RR of 1:10, loos 7 of them, win 3 of them and still raise your risk per trade after some time.

Its all perspective. And passion. If you come for the money only, you will be gone soon. Hard lesson I learned and paid a lot to learn this.

People do come for only the money, you do not do Forex for a hobby, you do it because you need to make a profit and that's why people are interested in it. I am not saying that there is nothing you can enjoy in there neither, of course you can enjoy it while doing it, but just because you enjoy it doesn't change the fact that only reason why people trade in crypto or do forex is the fact that they want to make as much money as possible.

Crypto is still by far better because not only it provides so much profit to people even if they fail to make a profit for now but wait long term to get it back, but also it is a volatile thing that could make a lot of profit with ease considering the changes in price.

Jazzi Mahesh

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Forex Trading is always my first choice, but I would also like to give the crypto a try to some day.

Sweetbtc

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Crypto trading is always a best choice according to my opinion because it is just simple and a beginner can also get attracted to it by seeing its easy and many other crypto facilities but the more you invest then only you can get more, So i want to say that crypto trading is good at all. And forex trading may be but a little.

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Quote from: infobiactrader on June 04, 2021, 09:54:04 PM

Please advise which one is best. Which one is more profitable? Crypto trading or Forex trading?

I want to jump Forex trading and cryptocurrency trading are test-related, if you know how to trade Forex, you can also trade with cryptocurrency. But regarding the best advice, my opinion is definitely cryptocurrency. After all, cryptocurrency is quite volatile and a lot of new projects are launched, in which you can get a decent profit.

New.in.trading

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Suming it all up, you can loose 1k in one pip of EurUsd or you can loose 1k in one pip of btcusd Cheesy

ReiMomo

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I personally like crypto trading. I have tried both but the best i would choose is crypto. Opened an account in fiat exchange and tried it for few months. But I did not find more benefits out of it. But the same time and amount was spent on crypto. I could make a good profit and yes I am really comfortable in it. Can hold back the coins. More over I personally attached to crypto as it really helped me when i was in crucial situation.

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Quote from: xSkylarx on September 06, 2021, 11:12:19 AM

Quote from: chaser15 on September 04, 2021, 08:13:57 PM

Crypto trading or forex trading, are both profitable. That's not even a question.

The best question here is, how that trader will make his trading experience profitable. Even others will say that crypto is profitable, if you don't know how to handle the stress and pressure, you will end up wrecked. The same goes for Forex or stocks trading.

Just choose who's not profitable but on what do you think you can do better because of your knowledge.

They're mostly the same, there's risk, you'll need knowledge, you'll need to read or learn technical analysis or fundamentals, and you'll need to be profitable at the same time. I've tried forex and haven't tried crypto trading, but I believe they're mostly the same; if you're into fundamentals, you'll be watching news of those currencies or coins, and if you're into technical analysis, you'll be learning the same indicators. Strategy is also important, and I believe they are based on the same principles, but the gut instinct and feeling about where the price will go can be predicted by experience.

I see both points and its valid. You can be profitable on both sides if you know how to deal with your knowledge. There are many available references thru online but everything will end up with how will you apply this information to favor your investment.

It's always best to choose where your passion drives you, with your interest to explore further. The knowledge that you may gain is better to enforce your investment.

Just the same, it's you who will drive to your success. Both have separate risk and both have the capabilities to deliver good compensations it's all on your will to find what's suits to your attitude towards this trading business.

checkmatesir

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Let's talking about the forex trading that it can offer the users more liquidity and here we can not say anything about profit that which trading can give you much profit as compared to other trading sites or tools. But i wanna say one thing that whenever you are trying to make a decision forex trading can be helpful for trading as compared to crypto.

xSkylarx

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Quote from: chaser15 on September 04, 2021, 08:13:57 PM

Crypto trading or forex trading, are both profitable. That's not even a question.

The best question here is, how that trader will make his trading experience profitable. Even others will say that crypto is profitable, if you don't know how to handle the stress and pressure, you will end up wrecked. The same goes for Forex or stocks trading.

Just choose who's not profitable but on what do you think you can do better because of your knowledge.

They're mostly the same, there's risk, you'll need knowledge, you'll need to read or learn technical analysis or fundamentals, and you'll need to be profitable at the same time. I've tried forex and haven't tried crypto trading, but I believe they're mostly the same; if you're into fundamentals, you'll be watching news of those currencies or coins, and if you're into technical analysis, you'll be learning the same indicators. Strategy is also important, and I believe they are based on the same principles, but the gut instinct and feeling about where the price will go can be predicted by experience.

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Quote from: infobiactrader on June 04, 2021, 09:54:04 PM

Please advise which one is best. Which one is more profitable? Crypto trading or Forex trading?

Forex or crypto trading has the same profit as long as we can know how to do good analysis and good management, and are supported by good skills. So I think it's a personal choice. I myself prefer crypto as a new thing because I feel bored with forex.

New.in.trading

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Quote from: infobiactrader on June 04, 2021, 09:54:04 PM

Please advise which one is best. Which one is more profitable? Crypto trading or Forex trading?

You should really take a step back and find out what you want. Given fix rules around your trading, it does not matter what you trade, EurUsd or BtcUsd. You can trade only one currency pair, looking to score 10 pips a day. If you can do that like 80% of the time, you could then raise the risk and reward of these 10 pips to a total of 1k per trade, 10k per trade 100k per trade, it doesent matter. You could also learn how Elliot or Wyckoff traded the markets and have 10 trades a day with a RR of 1:10, loos 7 of them, win 3 of them and still raise your risk per trade after some time.

Its all perspective. And passion. If you come for the money only, you will be gone soon. Hard lesson I learned and paid a lot to learn this.

chaser15

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Crypto trading or forex trading, are both profitable. That's not even a question.

The best question here is, how that trader will make his trading experience profitable. Even others will say that crypto is profitable, if you don't know how to handle the stress and pressure, you will end up wrecked. The same goes for Forex or stocks trading.

Just choose who's not profitable but on what do you think you can do better because of your knowledge.

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Quote from: South Park on September 04, 2021, 03:17:07 PM

Quote from: Alisha-k on September 01, 2021, 02:04:12 PM

Quote from: infobiactrader on June 04, 2021, 09:54:04 PM

Please advise which one is best. Which one is more profitable? Crypto trading or Forex trading?

Both are profitable the major thing you should consider is how matured you are with high volatile markets like gold and Bitcoin. But in reality the crypto industry has more volatile stocks compared to forex but if you understand your chat you can pull out good funds from either of them because both are actually lucrative

The volatility in this market is many times higher that is true, but we must also take into account that a lot of those that are trading the forex markets are using leverage to improve their profits so this is not really the issue, people need to understand that the techniques they use to trade the forex markets can be used here as well, so at the end of the day it is going to depend on which asset you prefer and in my case it is obvious I prefer bitcoin as to be able to trade forex I will need a fortune just to open an account.

Leverage is suicide no matter whether you do engage with forex or cryptocurrency market.If you do tend to check out on those biggest burned or blown portfolio but its true that when it comes to volatility

level then this is cryptocurrency market is really way too far off and to those old forex trades tend to jump into this market then this is where you do really see the main difference which you can notice.

You can do both if you tend to make trades between markets or you would just choose one depending on your time and resources or capital.

Topic: Crypto trading vs Forex trading (Read 914 times)