Crypto trading vs Forex trading - page 3.

martina14

full member

Activity: 1190

Merit: 111

Quote from: infobiactrader on June 04, 2021, 10:54:04 PM

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

Even how many times that I heard about this Forex trading, sometimes I've been thinking and became curious to why not try Forex trading
to find out the difference between crypto trading and this Forex, though my main source of income so far was came in crypto trading. Just wanna experience of what inside of this platform and if there is something loos, it is only a few amount only.

Hypnosis00

sr. member

Activity: 2338

Merit: 338

Maybe, I'm not the right person to answer this nor this will have value as I never tried forex trading. But I don't want to be biased in here so what I can say is that it is much better to try them both. Many people would say that Crypto trading is profitable, maybe they are because they are more focused on crypto but how about if they spend more time in Forex trading?

This is all about finding our comfort zone. Of course, we can say crypto trading is more profitable because this is the place we stay, even me. But those who live in Forex trading will tell us the same. Mate, it was you who can decide, what we have is just some insights.

sr32703

full member

Activity: 560

Merit: 104

Eloncoin.org - Mars, here we come!

From my point of view i will go for crypto trading because crypto trading don't loss your all money but in forex trading you will loss you all trading money in one night so without knowing good knowledge don't go for forex trading. And main thinks is that crypto will give much overnight but forex trading not to do it.

imstillthebest

full member

Activity: 1638

Merit: 122

Quote from: bitgolden on June 11, 2021, 05:34:35 AM

Quote from: infobiactrader on June 04, 2021, 10:54:04 PM

Which one is more profitable? Crypto trading or Forex trading?

..//..

Quote from: imstillthebest on June 11, 2021, 04:19:55 AM

why wont you try both and see for your self if where you are comfortable at because we are not the same .

But, long term holding can be profitable for everyone and that is what exactly I tried to convey to OP. I always strongly suggest all traders to get into long term holding rather than struggling with active trading. Long term holding of bitcoin is simple and effective way of easy profit making method but I am not seeing not all people are preferring it.

well the topic is about trading but no doubt that holding is easier , less hassel and can be more profitable than in trading if we can hodl for a long time but what can we do when some people prefer to trade than in hodling .
that could be their pasion and they got easily bored in hodling . in crypto we have btc and btc can be good in both trading or hodling but i dont think stocks can be good as that

bitgolden

legendary

Activity: 2772

Merit: 1128

Leading Crypto Sports Betting & Casino Platform

Quote from: infobiactrader on June 04, 2021, 10:54:04 PM

Which one is more profitable? Crypto trading or Forex trading?

Profitability from your trading is definitely not market dependent but your skills. I have experiences in trading stocks, commodities, forex and cryptos and in my opinion, everything is almost same in terms of risks and reward ratio but bitcoin is somehow different than any other asset due to unique characteristics like halving and limited supply. If you are capable of exploiting those unique things of bitcoin then bitcoin trading will be definitely highly profitable for you than forex or any other trading.

Quote from: imstillthebest on June 11, 2021, 04:19:55 AM

why wont you try both and see for your self if where you are comfortable at because we are not the same .

But, long term holding can be profitable for everyone and that is what exactly I tried to convey to OP. I always strongly suggest all traders to get into long term holding rather than struggling with active trading. Long term holding of bitcoin is simple and effective way of easy profit making method but I am not seeing not all people are preferring it.

Rajamuda

sr. member

Activity: 924

Merit: 255

After the things that must be learned from both, both are the same as trying fate or luck in it. Commitment and self-confidence are needed, ask yourself if you are more prepared for crypto or forex, you are more familiar with crypto or forex, you should prefer things that already have basic knowledge.
My advice is basically don't push yourself too much and don't hesitate to aim, and I think it's more interesting and has more opportunities on crypto, with various coins that can be trade in it.

zeniaspell

brand new

Activity: 0

Merit: 0

I agree with you. You can make money on anything if you know how it works and how it should be used. However, I wouldn't go into crypto trading yet. The cryptocurrency space is not yet fully regulated, as it has many fresh mechanics and audiences from around the world. Furthermore, asset prices are highly susceptible to investor sentiment, as there is no clear set of rules for the market. Therefore, forex trading seems to be more reliable. Once I came across https://www.asiaforexmentor.com, where I found some valuable information for myself. And after that, I decided for myself to first learn how to trade in the financial markets. And later, it will already be possible to think about cryptocurrency.

somantri

newbie

Activity: 1

Merit: 0

Quote from: Oshosondy on June 05, 2021, 12:30:04 AM

Both crypto trading and forex trading are very risky, they are both ways many people are losing, but the experts are using it to make money, the experts are few while the losers are many. It depends on how expert you are, both are risky and can be profitable. Also, use low leverage, the profit can be low, but the chances of losing high amount is low while your margin is low. You will have to choose one and study about it very well, or you can study the two and later choose one. You may even later like the two is you go patiently.

I hope that I could be an expert in trading

imstillthebest

full member

Activity: 1638

Merit: 122

Quote from: infobiactrader on June 04, 2021, 10:54:04 PM

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

if you ask this question here what do you expect ? many replies will be biased and say that crypto is profitable .
like me i never tried forex trading yet ,
just crypto but crypto trading can give me profits therfor id say it was profitable but there are bad times too in crypto where you can lose . why wont you try both and see for your self if where you are comfortable at because we are not the same .

MCobian

full member

Activity: 1190

Merit: 117

Quote from: barbara44 on June 09, 2021, 03:46:00 PM

Quote from: MCobian on June 08, 2021, 09:22:34 PM

I agree that both crypto trading and forex trading can generate profits, depending on our ability to analyze the market. But since this year's crypto price increase was very drastic. Of course, it makes many people interested in crypto trading compared to forex trading. Because crypto trading promises much bigger profits than forex trading, no wonder more and more forex players are finally deciding to switch to crypto trading. But the problem is crypto prices are very volatile, and it has been proven that in recent weeks crypto prices have continued to fall, making crypto trading difficult to generate profits. But the key to successful crypto trading is patience. We do not only have to be able to analyze the market, but controlling emotions is also important to be successful in crypto trading.

There is a good thing and very sad thing when you compare the two. Bitcoin is not any nations currency, it is our currency and when it goes up we are very happy, it doesn't even require dollar to go down in power, dollar could be very powerful and gain value (which rarely ever happens) but bitcoin could go up even more.

However when you do forex that means you are doing it between two nations currency and if you make a profit that means one of the nations gained more power economically while the other one lost it. That is why there is something great about crypto, but a very sad thing about forex. Aside from that forex is a bit more "legit" in the eyes of the banks, you can do it however you want and make a good income or lose a ton but banks will help you, hold your hand while you do that, crypto is all in crypto exchanges and not banks, that is the only difference in trading.

Indeed, one of the advantages of forex trading is that banks are more accepting, because the products used are currencies that have been
recognized by all countries. While crypto trading, not all banks support and accept it, because crypto trading uses currencies that are only
accepted by a few countries. But both are equally profitable if run correctly, but it is wiser to choose only one, to be more focused when trading.

coiner-88

member

Activity: 537

Merit: 10

It relies upon how master you are, both are dangerous and can be beneficial. Likewise, utilize low influence, the benefit can be low, yet the odds of losing high sum is low while your edge is low. In a similar market type, model crypto market, many exchanging procedures and one individual will just discover one or a couple of techniques the works for individual need.

BIN-BIN

member

Activity: 504

Merit: 57

Both forex trading and crypto trading are just the same coins with different phases, both cryptocurrency, and forex trading deal with digital commodities so they have a similar trading experience is left for you to choose the one that suits your personality.

shushu9977

full member

Activity: 1122

Merit: 100

Crypto trading and Forex trading are good for learner or expert, because they are always research and more knowledge to want how to get their profit. From that way, they earn money. On the other hand, Crypto trading or Forex trading both are risky if you are not earn much knowledge about it. Both are good investment if anyone will get more proper knowledge and keep researching.

fearfulcalm

member

Activity: 131

Merit: 10

i think both are like the same, if you want to profity, you must play in whatever have more volability as day trader

bitzizzix

sr. member

Activity: 2366

Merit: 448

Play Bitcoin PVP Prediction Game

It all depends on habits, mastery and expertise in their respective fields and both will be said to be better with their respective habits and also mutually beneficial depending on how we use them, especially freedom, security and comfort.
Another difference that I find more comfortable with is that bitcoin was developed with the idealism that good currency is not controlled by governments and central banks, governments that people believe are governed by different intentions usually only work for personal gain, so. Financial decisions are always on the side of the strong.

and In essence, the way bitcoin works will not provide an opportunity for governments and central banks to interfere in regulation and freedom to use it.

Alisha-k

member

Activity: 840

Merit: 23

Both cryto and forex share the same market analysis either the both can be analyzed fundamentally and techically. What you should be more concerned about is acquring the skill first. When you have mastered the concept you would then answer this question your self following your experience from the general market behavior.

Rruchi man

legendary

Activity: 1246

Merit: 1071

They are both profitable, but what is important is finding out which one is more profitable to you because there is no assurance that you will make as much money or even make any money at all like a certain Mr Z who is a friend to you and is making money from forex and even goes as far as to show you his earnings. Just as there is no assurance in making profit from crypto trading as well. What is important is finding out which of them will work well for you and sticking to it first.

There is really no need trying to jump around at the initial stage of your decision making and learning, when the motive you have for them both is to make profit.

taufik123

legendary

Activity: 2464

Merit: 1703

Blackjack.fun

Quote from: DarkDays on June 09, 2021, 05:06:05 PM

forex was the way to trade and make money now crypto has become the avenue to increase the speed of making money from trading by several times. This is all thanks to market volatility which can play in either a favour or disadvantage. The fact that now you don't need to wait for months to make profit of some trades makes crypto an extremely sought after option.

Profits will be obtained faster and more than trading in forex, but it should also be noted that the risk of trading in crypto is also very large to lose the value of the purchased crypto assets. Therefore it is necessary to do good management. Crypto is very fast to make a profit but also very fast to make a loss. Basic knowledge of technical analysis is needed in order to make predictions well.

Shenzou

sr. member

Activity: 1400

Merit: 283

I feel like forex trading is way more streamlined which means that poeple have been trading it for many years now, so the strategies and the way to act and make decisions based on indicators and news are all in place and you can acces it and start making profit by just folllwing some traders, but the cryptocurrency is a bit tricky and hard to predict and i feel that is due to the decentralization because there is not way to control it but also the crypto market yields far more profit that the forex, it is high risk high reward.

DarkDays

legendary

Activity: 2030

Merit: 1189

Quote from: taufik123 on June 08, 2021, 07:55:26 PM

Quote from: bitcointrader64 on June 08, 2021, 07:35:59 PM

Crypto can be seen as easier to trade due to the trend but volatility can dampen gains if you are not managing it well. While forex and classic currencies are mostly ranged without any real bullish or bearish tendency which makes them complicated. I believe that there is no easy market. Everything related to trading has its share of difficulty and impossibility to predict the future.

and in essence have advantages and disadvantages of each. Crypto or forex will both provide benefits if they can analyze the market well.
but at the current crypto hype, forex players are starting to switch to crypto so crypto is experiencing a huge surge in users. people are attracted because of its high volatility because it can get bigger profits as well as a larger volume of crypto.

Yes, while before forex was the way to trade and make money now crypto has become the avenue to increase the speed of making money from trading by several times. This is all thanks to market volatility which can play in either a favour or disadvantage. The fact that now you don't need to wait for months to make profit of some trades makes crypto an extremely sought after option.

Topic: Crypto trading vs Forex trading - page 3. (Read 855 times)