cryptocurrency and forex trading....

TheUltraElite

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Quote from: pcfli on December 26, 2019, 06:59:27 PM

Why people prefer to use the high leverage accounts in the volatile crypto market? It is dangerous to play with leveraged accounts especially if the leverage rate is higher than 1:100. 1:2 leverage is the best average for smart traders.

100x would be an insane amount of leverage and thus an insane risk to take on part of the trader. 2x leverage is what is recommended for any new trader or anybody trying to just get a grip on the system of leverage trading. Even bitmex calls for 2x to start off even though you should not listen to your own bookie. Its more like calling in a heart attack by paying your own money. Grin

Quote from: marcous on December 29, 2019, 09:42:39 AM

Yup! even for newcomers, cryptocurrency trading is easier to understand than forex trading. Cryptocurrency trading for me is a flexible way of buying and selling.

It would be wrong to say that one is easy and the other is difficult. Both have their own pros and cons, difficulties and technicalities. When one is good in crypto may not be good in forex and vice versa.

marcous

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Yup! even for newcomers, cryptocurrency trading is easier to understand than forex trading. Cryptocurrency trading for me is a flexible way of buying and selling. so the rest we only need to learn and analyze before entering into a coin to trade. and building compatibility in trading styles whether holder or daily trader

Legit_Alt+

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I have really learn allot from the post and i appreciate each an every contribute made in the respect of the topic, it has really impart more knowledge in me regarding trade in both platform.

pcfli

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Why people prefer to use the high leverage accounts in the volatile crypto market? It is dangerous to play with leveraged accounts especially if the leverage rate is higher than 1:100. 1:2 leverage is the best average for smart traders.

leea-1334

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Quote from: bubislav on December 23, 2019, 05:18:17 PM

Why everyone think the margin trading in the risky categories? There are some differences between the crypto and forex trading, I have tried both. In forex trading, the trend is the friend of the trader but catching the trend is not easy if there is no trading skills, pattern analyze ability.

Because first of all trading itself is risky. The statistics show it year after year,,, look it up if you do not believe that the majority of traders lose money.

Then, introduce margin and people do not know how to calculate their risk and their chance of liquidity. Yes you can do x100 on your small bankroll but just remember it also exposes you 100 times more to a loss. People simply do not realize this.

bubislav

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Why everyone think the margin trading in the risky categories? There are some differences between the crypto and forex trading, I have tried both. In forex trading, the trend is the friend of the trader but catching the trend is not easy if there is no trading skills, pattern analyze ability.

TheUltraElite

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Quote from: StephenJH on December 20, 2019, 12:38:18 PM

The crypto markets have a negative return overall compared to the forex market,

For a certain period, yes. But not forever. Things change with the world. Maybe one day crypto will be a large percentage of total trading volume comparable to stocks and commodities.

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in the margin trading the risks can be diversified according to the market movements but in crypto trading, the market moves fast.

I think you are mistaking a few things here. Margin trading is available to crypto as well including spot trading. So if you wish to do a leverage you can very well do it with bitmex, deribit. You dont necessarily need to wait for huge market movements just protect your position from getting liquidated.

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The volatility kills the probability of cutting losses before it happens and it is really dangerous to trade the market swings without stop-loss which can not be executed due to the illiquid market conditions.

Well that happens with crypto, and we cant blame anybody for that other than users who are holding it. Forex is pretty liquid, provided it has been here for a longer period of time than crypto.

Rossi$

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Forex trading is dangerous for inexperienced traders who use large leverage and trade in large volumes, which leads to margin call and closing a deal with a loss, cryptocurrency due to volatility of tens of percent per day allows you to earn high income without leverage.

iv4n

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Quote from: TheUltraElite on December 14, 2019, 01:45:13 AM

Quote from: avatar_kiyoshi on December 10, 2019, 03:30:46 AM

Cryptocurrency trading is riskier, fluctuating but also more profitable, high risk = high profit.

Both of them are risky. No speculation based marketplace is risk free. If you are doing it then you are taking an inherent risk. Thats the price for the reward.

Quote

If you are new, I suggest you try forex first, especially learning about technical analysis that is suitable for your trading strategy. And then learn to read market trends, learn a fundamental analysis and sentiment analysis.

I would not suggest someone to go for this or that. Depends on what the person prefers and what they are more comfortable with. Someone may have been doing forex for sometime and find trading it easier. Its possible to diversify and learn about another one like crypto but this is tough and practically needs a lot of homework.

Technical is not always the way to go. Its often based on simple assumptions that are going to go 50-50 so forex would need a lot of political news interpretation to determine trades.

You are right, speculation based market can't be without risks. When you participate in trading, any kind of trading, buying and selling, you are risking, depending on the risk there's a possible reward if your prediction is right, cause if you plan to trade and make profit you need to have good prediction skills.
I don't like forex trading, I never did. Crypto is much more accessible for people I believe, without kyc, more private, faster transactions, and when you have some coins that you hold for longer, possible profit can be huge.

StephenJH

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Quote from: fuguebtc on November 24, 2019, 04:20:04 AM

Whichever market has risks , has potential to give unpredicted profits. Forex market is more established, matured and old compared to CC market. In my view forex is more fundamentally driven as compared to CC.

The crypto markets have a negative return overall compared to the forex market, in the margin trading the risks can be diversified according to the market movements but in crypto trading, the market moves fast. The volatility kills the probability of cutting losses before it happens and it is really dangerous to trade the market swings without stop-loss which can not be executed due to the illiquid market conditions.

bettercrypto

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Quote from: Legit_Alt+ on November 05, 2019, 10:45:41 AM

Some question keep flashing my mind about crytpocurrency trading and forex trading, in crypto currency you exchange your local currency with bitcoin or other Altcoin which means you can buy different token with your money once it get to crypto market but I can clearly observed that in forex trade you only have access to convert your local money to USD which means you are still dealing with fiat. Now my question is between crypto currency trading and forex trading which one is more riskier and which is more adviceable to get involve as a new online trader???

They have both risky since they are online investment. They just have their own sites and market but they have the same aspects also. You can use technical analysis in crypto and forex, charts as well as other strategies. You just have to know when and how much fluctuate for every market but then they are risk both in terms of security because there is a possibility to steal your funds and loae your capital because of volatility.

TheUltraElite

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Quote from: avatar_kiyoshi on December 10, 2019, 03:30:46 AM

Cryptocurrency trading is riskier, fluctuating but also more profitable, high risk = high profit.

Both of them are risky. No speculation based marketplace is risk free. If you are doing it then you are taking an inherent risk. Thats the price for the reward.

Quote

If you are new, I suggest you try forex first, especially learning about technical analysis that is suitable for your trading strategy. And then learn to read market trends, learn a fundamental analysis and sentiment analysis.

I would not suggest someone to go for this or that. Depends on what the person prefers and what they are more comfortable with. Someone may have been doing forex for sometime and find trading it easier. Its possible to diversify and learn about another one like crypto but this is tough and practically needs a lot of homework.

Technical is not always the way to go. Its often based on simple assumptions that are going to go 50-50 so forex would need a lot of political news interpretation to determine trades.

Hallmader

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Quote from: Legit_Alt+ on November 05, 2019, 10:45:41 AM

Some question keep flashing my mind about crytpocurrency trading and forex trading, in crypto currency you exchange your local currency with bitcoin or other Altcoin which means you can buy different token with your money once it get to crypto market but I can clearly observed that in forex trade you only have access to convert your local money to USD which means you are still dealing with fiat. Now my question is between crypto currency trading and forex trading which one is more riskier and which is more adviceable to get involve as a new online trader???

It depends on yourself. Which do you like more between the two? Try to familiarize crypto and forex trading first and then decide later on whether you will go for crypto trading or forex trading. It highly depends on which among the two you are comfortable and interested dealing with. Of course I choose cryptocurrency trading over forex trading. The good thing about cryptocurrency trading is that the prices could increase multiple folds in a short span of time. And then it is also an additional factor that crypto is going to be future of money. In trading forex, you are playing with fiat, which is really losing value everyday.

avatar_kiyoshi

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Quote from: Legit_Alt+ on November 05, 2019, 10:45:41 AM

Some question keep flashing my mind about crytpocurrency trading and forex trading, in crypto currency you exchange your local currency with bitcoin or other Altcoin which means you can buy different token with your money once it get to crypto market but I can clearly observed that in forex trade you only have access to convert your local money to USD which means you are still dealing with fiat. Now my question is between crypto currency trading and forex trading which one is more riskier and which is more adviceable to get involve as a new online trader???

Cryptocurrency trading is riskier, fluctuating but also more profitable, high risk = high profit.
If you are new, I suggest you try forex first, especially learning about technical analysis that is suitable for your trading strategy. And then learn to read market trends, learn a fundamental analysis and sentiment analysis.

carlfebz2

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Quote from: marcous on December 08, 2019, 09:07:15 PM

Well, crypto trading and forex trading have risks. actually I have never traded forex since entering the world of crypto. from the experience of my friends who have been trading forex, they say forex is more risky than crypto. need expertise when wanting to trade Forex because of wrong predictions can lose all capital immediately. Basically, forex is more risky than crypto if for newcomers I guess.

Then youre friends are wrong when it comes to the level of risk.Ive known forex and yes its risky but it isnt risky same as crypto but in return its way more profitable than forex.

Ive seen some of my colleagues that do transfer from forex to crypto due to that reason. You can also bust out your capital immediately here on crypto same as forex.They are just all
the same they do only vary on the risk involved.

deadthings

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Forex market is way bigger then crypto

Quote

The Forex market is the largest, most liquid market in the world. It’s a decentralized global market, where all the currencies in the world are traded. As a global market, the Forex is influenced by many factors, such as political announcements, inflation numbers and jobs reports. On average, $5.3 trillion is traded in the Forex per day.
[urlhttps://www.markettraders.com/blog/cryptocurrency-vs-forex-trading/]Click here to see the source page[/url]

Risk factor

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Historically, the crypto market is more unpredictable and volatile. For extreme foreign currency couples in the Forex, volatility is around 1%, and .5% for most of the established currencies. To compare, Bitcoin has a volatility around 5% to 15%. That’s why cryptocurrencies can be appealing to traders with a high risk tolerance.
[urlhttps://www.markettraders.com/blog/cryptocurrency-vs-forex-trading/]Click here to see the source page[/url]

marcous

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Well, crypto trading and forex trading have risks. actually I have never traded forex since entering the world of crypto. from the experience of my friends who have been trading forex, they say forex is more risky than crypto. need expertise when wanting to trade Forex because of wrong predictions can lose all capital immediately. Basically, forex is more risky than crypto if for newcomers I guess.

Sexaphiliac

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In both markets dmvirtual assets are traded as no physical exchange transpires. Both markets employ bith fundamental and technical analysis in order to predict the potential action of prices in the near future. I believe they employ basically the same priciples but the virtual assets exchanged differ, one is fiat and the other cryptocurrency.

kro55

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Both markets are driven by risk but crypto is comparatively riskier as compared to forex. The forex market is also more matured and driven by fundamentals than crypto. But in terms of giving return both in profit and loss forex is no way near to crypto. Take an example of this year, bitcoin went down to 3500 USD before coming to 12000 USD in just short span of 3/4 months.

TheUltraElite

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Quote from: Cryptomiles1 on November 28, 2019, 02:07:25 PM

yes that is true, just as you said wen I started, I involved myself with crypto trading and it's easily to handle compares to forex.

Both have their pros and cons. It does not mean one is better than other. Forex has been in the market for a longer period than bitcoin so its users are higher in number.

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most people love forex while some people love crypto. e.g, like me I trade BTC to stablecoin the Binance moreover it support my local currency so I deposit directly to it and trade to any prefers cryptocoin, however BTC is more better because it quickly recovers rather than ETH.

That is called trading crypto not forex. Forex is Foreign Exchange. Where you buy a currency that is gaining on another currency and sell it when the price rises. Similar to stocks and commodities but involving different currencies of the world and trading on them. What you speak of is just normal spot trading on an exchange.

Additionally, Binance stablecoin should also be taken with a grain of salt. Because these stablecoins are often disguised ponzi schemes. Sell them at profit, dont hold on to them like a stubborn kid.

Topic: cryptocurrency and forex trading.... (Read 722 times)