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Topic: cryptocurrency and forex trading.... - page 2. (Read 698 times)

hero member
Activity: 788
Merit: 505
December 07, 2019, 02:21:09 PM
#32
Forex, equity and crypto markets are all good as long as you can handle them in profit else all are useless. Whichever you select for investment make sure you have enough knowledge about it else you will end up in lose. Here is a good read on that
From Billionaire To Broke: How 8 People Lost Everything…

legendary
Activity: 2772
Merit: 1028
Duelbits.com
December 05, 2019, 03:47:48 PM
#31

Crypto traders can't trade the forex markets while the forex traders can easily trade the volatile crypto markets. The best volatility can be observed in the news day from Austarile on AUD/USD pairs and the employment news from US which has an effect on the USD/JPY pairs. The sudden boost of the price is acceptable by the forex traders and they can easily trade the crypto markets.
legendary
Activity: 2282
Merit: 1041
November 28, 2019, 04:47:54 PM
#30
Both are risky IMHO.
If you're a new online trader I would advice you to practice with crypto trading. This is easier than forex although both are risky when bigger amounts are associated.

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. 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.

Crypto trading  mean you don't just deal with BTC and altcoins as OP wants to confirm, we can actually trade crypto/fiat. Like yourself, I trade with BTC/USDT but this stable coin is no different to a fiat USD. The scary part for Crypto traders are the platforms which offers leverage, its pretty different when it comes to FOREX since they are dealing with pips like mili-cents but this is not the thing with crypto which is unregulated and the price can fluctuate up to 5% to 20%.
full member
Activity: 798
Merit: 134
November 28, 2019, 03:07:25 PM
#29
Both are risky IMHO.
If you're a new online trader I would advice you to practice with crypto trading. This is easier than forex although both are risky when bigger amounts are associated.

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. 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.
full member
Activity: 1292
Merit: 101
Vave.com
November 28, 2019, 09:39:16 AM
#28
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???
Its true that if you trade in Forex you are still trading Fiat money on the other hand in crypto you are buying alt and its changing your money into different coin and crypot as well .I think Crypto is more risky than Forex but in crypto you  have more chance to earn cause crypto market is always so volatile .That's why most of the trader love to trade on Crypto actually they can earn a lot from here .If you say about risk then i wanna say trading is always so risky if it is Forex or Crypto .You have enough knowledge and experience to earn from here .
hero member
Activity: 2730
Merit: 632
November 27, 2019, 12:58:57 PM
#27
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???
Leverage is the root of all evil in both financial markets, even margin accounts are stopped out due to the taking risky trades which can swallow balance faster than the blink of an eye. The forex market is not as volatile as the crypto markets and you can use EUR, USD, GBP margin account however you wish, just look for the reliable forex broker in forexpeacearmy comparison site. Be aware of leveraged accounts, the volatile MT4 platform can be a grave for the new account, especially in volatile markets.

You do have an option in crypto not to have a leverage account which makes it less risky but in forex, its by default you will always have that kind of account. There is no term like HOLD in forex, you can either short or long that's the only two you have there. If the trend does go along with your position in the market, you already lose when you try to cancel your trade.

Both are risky but HOLD in crypto is safer unless you can't wait for the price to go up.



If you can explain the meaning of HODL, I will elaborate on the key differences between the crypto HODL and sprawling on the trade position on forex. The forex traders also have the same feelings in losing trades, some traders hold the losing trades for a long time(6month - 2 years), some traders instantly liquidate the losing trades. The melting balance in the leveraged account is the worst feeling for myself and there is no such advantage of holding the 10x leveraged trade if I am another side of a recent market trend. Countertrend trading is the easiest to wash the balance, in crypto investing you have the most preferred alternative choice: HODL
In overall aspect they are really just the same since it do deal with a market.The difference is only on the volatility and some of the terms but in general they are just the same.
When it comes to possible recovery then it can be done on both things but the rate on how fast the recovery would really somewhat favors with crypto trade. Volatility is way more than
on forex which can really be useful if you do know on what you are doing but to think it would have the same effects when it comes to risk or losing up some money.
If forex do have really that low volatility then how much more on stocks.
legendary
Activity: 1890
Merit: 1003
November 27, 2019, 10:08:41 AM
#26
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???
Leverage is the root of all evil in both financial markets, even margin accounts are stopped out due to the taking risky trades which can swallow balance faster than the blink of an eye. The forex market is not as volatile as the crypto markets and you can use EUR, USD, GBP margin account however you wish, just look for the reliable forex broker in forexpeacearmy comparison site. Be aware of leveraged accounts, the volatile MT4 platform can be a grave for the new account, especially in volatile markets.

You do have an option in crypto not to have a leverage account which makes it less risky but in forex, its by default you will always have that kind of account. There is no term like HOLD in forex, you can either short or long that's the only two you have there. If the trend does go along with your position in the market, you already lose when you try to cancel your trade.

Both are risky but HOLD in crypto is safer unless you can't wait for the price to go up.



If you can explain the meaning of HODL, I will elaborate on the key differences between the crypto HODL and sprawling on the trade position on forex. The forex traders also have the same feelings in losing trades, some traders hold the losing trades for a long time(6month - 2 years), some traders instantly liquidate the losing trades. The melting balance in the leveraged account is the worst feeling for myself and there is no such advantage of holding the 10x leveraged trade if I am another side of a recent market trend. Countertrend trading is the easiest to wash the balance, in crypto investing you have the most preferred alternative choice: HODL
hero member
Activity: 3038
Merit: 617
November 26, 2019, 03:39:53 PM
#25
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???
Leverage is the root of all evil in both financial markets, even margin accounts are stopped out due to the taking risky trades which can swallow balance faster than the blink of an eye. The forex market is not as volatile as the crypto markets and you can use EUR, USD, GBP margin account however you wish, just look for the reliable forex broker in forexpeacearmy comparison site. Be aware of leveraged accounts, the volatile MT4 platform can be a grave for the new account, especially in volatile markets.

You do have an option in crypto not to have a leverage account which makes it less risky but in forex, its by default you will always have that kind of account. There is no term like HOLD in forex, you can either short or long that's the only two you have there. If the trend does go along with your position in the market, you already lose when you try to cancel your trade.

Both are risky but HOLD in crypto is safer unless you can't wait for the price to go up.


sr. member
Activity: 700
Merit: 250
November 26, 2019, 07:57:56 AM
#24
Forex trading is more riskier from my findings and experiences shared by friends and relatives. Although forex trading seem profitable  but it is more riskier THAN crypto trading. You need a full knowledge and wide experiences to trade Forex. Cryptocurrency trading is also risky but not as Forex.
The current scenario is supportable on Forex trading so crypto investment is more risky on right now. This crypto was growing slowly on last 5 months, But this month is not a  healthy on crypto market so we can participate forex trading, that will be our risk because crypto will grow on further days and Forex is hard predict beginners so those are have knowledge in Forex they always maintain the same platform and crypto also same direction.
full member
Activity: 646
Merit: 102
http://Moonbet.io
November 25, 2019, 03:18:42 AM
#23
Forex trading is more riskier from my findings and experiences shared by friends and relatives. Although forex trading seem profitable  but it is more riskier THAN crypto trading. You need a full knowledge and wide experiences to trade Forex. Cryptocurrency trading is also risky but not as Forex.
legendary
Activity: 1890
Merit: 1003
November 24, 2019, 08:08:30 AM
#22
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???
Leverage is the root of all evil in both financial markets, even margin accounts are stopped out due to the taking risky trades which can swallow balance faster than the blink of an eye. The forex market is not as volatile as the crypto markets and you can use EUR, USD, GBP margin account however you wish, just look for the reliable forex broker in forexpeacearmy comparison site. Be aware of leveraged accounts, the volatile MT4 platform can be a grave for the new account, especially in volatile markets.
hero member
Activity: 1932
Merit: 535
Leading Crypto Sports Betting & Casino Platform
November 24, 2019, 05:20:04 AM
#21
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.
hero member
Activity: 3038
Merit: 617
November 23, 2019, 04:03:57 PM
#20


Crypto isn't yet regulated and the price can fluctuate in a terrible manner that you will lose a lot of money specially if you are into margin trading. Price changes from $8500 to $7000 in just a day, you can't even see how related the news  to the price drop. Forex is very controlled environment where price fluctuation doesn't move much but just pips which is less than a cent.
sr. member
Activity: 756
Merit: 251
World's First Crowd Owned Cryptocurrency Exchange
November 23, 2019, 02:08:10 PM
#19
Both are risky but i will say forex trading is more risky because it deals with margin. Forex is also centralized while crypto is decentralised and you a bunch of alternative coins to choose from, so a  novice in online trade i will advice you to go for cryptocurrency trading its volatile also as forex but its risk can be minimized to some extent. With constant learning and self development its more easier to learn the concept of cryptocurrency trading than that of forex, you do not need a broker to trade on crytpo all you need is a reliable exchange and you can begin trading.
full member
Activity: 1330
Merit: 147
November 07, 2019, 11:51:53 PM
#18
Cryptocurrency is more risky then trading forex. I never found the decreased money fiat drastically such as fall down almost a half from its price. But in cryptocurrency you see it many times, even the coin is not worth anymore.

But, you will aslo get a lot of profit when you choose the right coin also with the right time to buy. The price of cryptocurrency can increase x2 just in a few minutes which is mean with a few minutes you have got a double profit.

Do your own research before take any decision. I guess crypto and forex have an adventage and disadventage each other. And it depend on yourself, but a bit suggestion your knowledge will take you to the right future so increase your knowledge first before you choose crypto or forex.
hero member
Activity: 3150
Merit: 636
DGbet.fun - Crypto Sportsbook
November 07, 2019, 06:30:47 PM
#17
Both are risky IMHO.

If you're a new online trader I would advice you to practice with crypto trading. This is easier than forex although both are risky when bigger amounts are associated. Why I say crypto for beginners? because you have a bunch of choice for altcoins which you can practice strategies and other than that, I haven't tried forex.

but don't forget that you need to do your own research for every crypto that you want to trade later,
because if you don't do that you will lose your balance if you buy crypto but that crypto is the coins that got dump hard
Yes, DYOR is a must. It's a different thing when it comes to choosing the coins that you want to trade.

A crypto trader has his own preferred coins to trade and probably the same goes for the forex traders out there. They have their choice of currency to trade and I don't want to go deeper with it because I'm not really into this kind of trading.
jr. member
Activity: 603
Merit: 7
November 07, 2019, 09:36:03 AM
#16
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 riskier and which is more advisable to get involved as a new online trader???
Both are risky for me, as long as there is value involve and it is riskier if the amount of what you trade is huge. Cryptocurrency and forex trading are both have risk. If you are new in trading you can practice with a small amount, and try to trade with cryptocurrency 1st. There are altcoins that you can choose and you can practice strategies just make sure you start with the amount you can afford to lose that you can practice your skills with it.

I fee so relived that by the response I got here, and I full believe this will achieved build up my mind on how to manage my fund practically when I want to invest, and I so believed with those response here I have understand that I most invest what am capable of loosing. I will really say I appreciate this all response so far..
full member
Activity: 1330
Merit: 248
November 07, 2019, 05:56:02 AM
#15
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 riskier and which is more advisable to get involved as a new online trader???
Both are risky for me, as long as there is value involve and it is riskier if the amount of what you trade is huge. Cryptocurrency and forex trading are both have risk. If you are new in trading you can practice with a small amount, and try to trade with cryptocurrency 1st. There are altcoins that you can choose and you can practice strategies just make sure you start with the amount you can afford to lose that you can practice your skills with it.
hero member
Activity: 3010
Merit: 794
November 06, 2019, 05:46:07 PM
#14
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 are both trading but entirely different into the things you are dealing with. Foreign Exechange (ForEx) do deal with fiat same goes with Stocks market too which it do deal with stocks and since it do talks about fiat then USD would be the main currency on here where you would either buy and sell your usd for other countries currencies.
It might be sound too complicated in terms of currencies used inside in mt4 but to make this short crypto/fiat is totally different from fiat/fiat trades.
sr. member
Activity: 1190
Merit: 256
November 06, 2019, 05:15:40 PM
#13
 Crypto trading is less riskier than Forex in my own observation. This doesn't mean that Cryptocurrency trading doesn't have it's own risks too. On an average level, trading cryptos gives more room and more trading options than Forex. Starting from crypto, it can be easy for you to scale into Forex.
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