Crypto trading vs Forex trading - page 5.

oHnK

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Quote from: GreatArkansas on June 07, 2021, 12:47:10 AM

Quote from: wayaneka on June 06, 2021, 10:34:36 PM

In my opinion crypto trading on the spot market is lower risk than forex trading, because forex trading actually trading with use margin /leverage. I did trading forex for more than 4 year, but its really hard to earn profit consistently. But from crypto trading on spot market, I did make huge profit only for holding by longterm. Traders are more successful in spot markets such as stocks and crypto compared to the margin forex trading.

Yeah, you got a point for having margin or leverage in forex trading. But the one you mentioned doing spot trading for the long term, like you, and hold it for the long term?
You didn't put any stop-loss at all? It really risky too for me even you are doing spot trading without any proper way of trading especially considering the volatility of cryptocurrency.

I thought the same. When a long-term investor, stop loss must still be applied, especially in bearish times like this. If the stop loss is not done, the current loss may be 50%. Crypto is indeed a profitable investment for risk takers, but if you are not good at implementing strategies, you are ready to experience big losses. It looks easy by buying a coin that you like to make a profit, but if you are not careful then what initially promises can be very painful when you lose.

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Quote from: Shasha80 on June 05, 2021, 08:36:40 PM

Quote from: perryxi2 on June 05, 2021, 06:57:25 PM

I think cryptocurrency trading will generate bigger and faster profits, but they also come with great risks and challenges such as price drop, the impact of external factors, insecurity and lose control...and forex trading will be safer

Actually, both crypto trading and Forex trading have advantages and disadvantages. Depends on which one we are more comfortable with.
because both in my opinion are very worth doing. But because I want bigger and faster profit, for now I'm more focused on crypto trading.
Indeed I admit with very volatile prices are more risky, but as long as we can analyze the market properly, it should be safe to do.

market analysis is probably unnecessary now .lol because when the market is starting to go into turmoil caused by asshole Elon Musk it is beyond our control as well as analysis methods basic accumulation.

Fivestar4everMVP

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@mk4 said it all, trading is trading, be it forex or crypto, you the poster just have to find out which you love best, personally, I might prefer trading Forex over crypto, but this does not necessarily or generally mean trading Forex is better or more profitable than crypto, different things work differently for different peeps, my like is someone's hate and my hate is someone else's like, thats just how life is, that I havnt made as much money from trading Forex as I've made from trading crypto does not mean it's like this for every one else, someone somewhere is definitely making so much money from Forex trading far more than they make from crypto.
So my conclusion is that asking which is best between Forex and crypto trading is absurd, both works, all you gotta do is find out which is best for you.

goinmerry

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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?

Both are profitable if you know what you are doing.

Choose based on your comfortability and what you think you can manage and handle in the long run.

Where to start? Gaining knowledge. You can spend time first learning one of them then proceed to another one. No need to go technical, just basic information enough. Then while you are studying, you can picture out slowly what suits you.

tygeade

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It all depends on what you are good at and what suits you more. You cannot expect a painter to innovate and can't ask an engineer to paint. None of them is better than the other it is all about what suits you.

For me, I have never done Forex trading seriously so I don't know how profitable it is but I have been into crypto trading for years and I can easily tell you that while it's volatile and risky it also gives you massive earning opportunities given that you are wise enough to recognize and make trades properly. If you have a good ability to analyze projects then you should do altcoins trading and if you know nothing about them, the best way to earn is just by holding and selling at a higher price, buy at a dip/correction and repeat.

GreatArkansas

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Quote from: wayaneka on June 06, 2021, 10:34:36 PM

In my opinion crypto trading on the spot market is lower risk than forex trading, because forex trading actually trading with use margin /leverage. I did trading forex for more than 4 year, but its really hard to earn profit consistently. But from crypto trading on spot market, I did make huge profit only for holding by longterm. Traders are more successful in spot markets such as stocks and crypto compared to the margin forex trading.

Yeah, you got a point for having margin or leverage in forex trading. But the one you mentioned doing spot trading for the long term, like you, and hold it for the long term?
You didn't put any stop-loss at all? It really risky too for me even you are doing spot trading without any proper way of trading especially considering the volatility of cryptocurrency.

wayaneka

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In my opinion crypto trading on the spot market is lower risk than forex trading, because forex trading actually trading with use margin /leverage. I did trading forex for more than 4 year, but its really hard to earn profit consistently. But from crypto trading on spot market, I did make huge profit only for holding by longterm. Traders are more successful in spot markets such as stocks and crypto compared to the margin forex trading.

crzy

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Quote from: mk4 on June 04, 2021, 10:17:00 PM

It's like asking "which is more profitable? selling fruits or vegetables?".

Both can work(assuming you actually know how to trade in the first place), which is "better" and "more profitable" will just completely depend on the trader. On which asset characteristics will you be better at trading. High volatility vs low volatility, swing trading vs scalping, etc.

We should really not compare this one as both market generates income and losses. The reward of your trading activities will always depend on your strategy, on any market you can create money but the real question is, are you capable to do so? If not, then better to learn more before choosing between this two, your knowledge are more important.

iv4n

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Quote from: mk4 on June 04, 2021, 10:17:00 PM

It's like asking "which is more profitable? selling fruits or vegetables?".

Both can work(assuming you actually know how to trade in the first place), which is "better" and "more profitable" will just completely depend on the trader. On which asset characteristics will you be better at trading. High volatility vs low volatility, swing trading vs scalping, etc.

After this comment, we should stop commenting further! You said it all! Anything can be profitable if you know "how to do it"! People are making money in million ways, some more some less, as always!
High volatility is good for day traders! Who finds some patterns can make money every day! Of course, this is one of those things that are easier to be said than done! Where are chances for high profit there is also a risk from losing what you have, one doesn't go without the other!

So what is more profitable?! I guess trying both and learning both will bring you closer to the answer to what is more profitable for you and your set of skills!

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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 think they are both good as long as you can understand how they work properly. Forex trading has been around for a long time and is well established, therefore it is more of skill based. But, you will notice that a lot of will choose crypto trading over forex trading, and that’s because you can make more profit from trading cryptocurrencies than you will from forex trading.

You can also make huge profit from forex trading, but in cryptocurrency you can make that profit very well and also very fast, because of how fast the market is. So in my opinion, crypto trading is a better option to go with.

The Cryptovator

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I will ask you to research more about "what is trading". It's because, if you are well familiar with trading then you can choose yourself which is better. To honest, it fully depends on your experience. For example, I am not well familiar with forex trading, so it's hard for me. Doesn't matter it's profitable or not, because I can't make a profit from here since I am not experienced there. On the other hand, I am well familiar with crypto-currency trading and WI can make money here. So eventually I will support cryptocurrency trading. It's possible to recover your loss in crypto, but for forex, it's not easy to recover.

SAHASAN

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Both are not more different in my eyes profit depend on your trading /analysis skill and your investment.
But I think you should know more about bitcoin why it is born what it is actually, If you know more about btc Sure it will improve your fundamental knowledge about currency , inflation and more economics things in the world.

By the way I am going to share my personal experience about crypto and forex trading.

>>>>I always trade in crypto market during bull run Cool

and trading in forex when crypto in bear market.

>>>>That's mean when crypto bull run end and euphoric zone touch then I am always spend more time in forex

michellee

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Because I do crypto trading than forex trading, I can say that crypto trading will be profitable. I do not know about forex trading, so I can not say that doing forex trading can be profitable because that will depend on how you can learn crypto trading and forex trading. Okay, let's say you want to do both crypto and forex trading, you need to learn many things, and I am not sure you can understand between crypto and forex trading because the lesson will be different. It will be up to you which one you want to choose because all of that trading type will have a risk, and you should know that.

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Quote from: Reid on June 06, 2021, 08:36:19 AM

I use to trade with Forex before but I switched to crypto.
Easy, fast, and the volatility just electrifies me. Grin

Profits, both could be profitable but if there is really a need to choose then I pick Crypto. Again, because of volatility. You just have to know what you are doing and make your prediction accurate with recent news and updates about what's going on.
Ease of trading is what made me stay and then exchanges are easy to access with user-friendly UI's.

As the above mate, one who have used to cryptocurrency trading experiencing forex earlier will never think of going back to forex. With forex trading the risk is minimal, as is the profit. With cryptocurrency trading the risk is high, to that will be the profiting and losses. With forex learning and analysing skill plays a big role whereas with cryptocurrency one can succeed if he's lucky. At the same time, it won't happen daily. The same can upset the trader.

Reid

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I use to trade with Forex before but I switched to crypto.
Easy, fast, and the volatility just electrifies me. Grin

Profits, both could be profitable but if there is really a need to choose then I pick Crypto. Again, because of volatility. You just have to know what you are doing and make your prediction accurate with recent news and updates about what's going on.
Ease of trading is what made me stay and then exchanges are easy to access with user-friendly UI's.

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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?

Both of them applies the same principle in trading and investments, it is just that Forex is Fiat while crypto is crypto. Though they have this known characteristics where crypto is known to be volatile while forex is somehow not (or just not known) so if you consider this. MAYBE crypto can be more profitable as they are more volatile plus new coins exists every now and then unlike in forex.

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Quote from: perryxi2 on June 05, 2021, 06:57:25 PM

I think cryptocurrency trading will generate bigger and faster profits, but they also come with great risks and challenges such as price drop, the impact of external factors, insecurity and lose control...and forex trading will be safer

Both have risks, and how much risk depends on the capital used.
In my opinion both are difficult to compare which one is better because it really depends on the ability or knowledge of the trader. It would be better to gain knowledge about trading first after that start it and remember that trading is not only about profit but also losing.

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Quote from: Oshosondy on June 05, 2021, 06:50:50 AM

Quote from: boyptc on June 05, 2021, 02:00:21 AM

Forex is more of a gamble as they say but that's just the same in cryptocurrencies for altcoins that you don't know.

But if you're knowledgeable in crypto, you're on the right market and the advantage of it, there will be no people telling you in forex to HODL. But if you're also skilled and experienced in forex, you'll earn the same as you earn in crypto.

Whilst in bitcoin, you're fine and relax to HODL.

There are some altcoins you can hold and also get profit but there are also many shitcoins, if you hold bitcoin for long time, you will gain from it. But the OP is not talking about holding, he is talking about trading, trading and holding are not the same, that which is the best between crypto or forex trading. Spot trading is not like gambling, but high leverage trading can be more of gambling irrespective of the coin you are using. I prefer crypto trading but I have friends that also gain from forex, it depends on the level of knowledge and experience, following the rules and managing risks.

And I've said that if he has the knowledge in crypto trading, he can make money from it as it's an advantage and that's the same in forex.

Hodling is just an option while he's trading. While most of us loves to hold bitcoin, I'm just giving him the idea that everyone who owns bitcoin is doing it for long term.

Mkmanik

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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?

Both are highly risky and you can be lost all of your capital here. Without proper knowledge of doing any kind of trade is like a waste of money. But if you have the proper knowledge and you know what you are doing then it's good for you. Most of the traders (90%) lose their money at trade, only 10% can able to do profit. so before doing crypto or forex trading first try to learn technical and fundamental analysis. Risk management is very important for traders. Without proper risk management, you will suffer a lot. I am sharing a youtube channel, from here you can learn a lot of things. thank me later https://www.youtube.com/channel/UCBaU9NXRPjkLGgJy-M7RPCw

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Quote from: gabbie2010 on June 06, 2021, 03:03:15 AM

I think crypto trading is more profitable because even with some little experience a hodler can buy some coin and hodl for certain period while selling at high earn some profit whereas such an opportunity is not possible in forex trading,
Moreso in forex trading a trader must be well informed in term of fundamental news plus TA which can make or mar the price volatility, whereas in crypto trading if BTC/ USD is in bearish sentiment thus a lot of shorting options will avail itself in other crypto/USD pairs likewise in a bullish sentiment, all these is not attainable in forex.

Holding and still profit through it is the most advantageous way to make money in crypto which is not on Forex market. Today, there is nothing that you couldn't do in crypto that isn't in the forex market. We already have margin trading already and we even have the binary options even before the futures trading in crypto.

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