cryptocurrency and forex trading.... - page 3.

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legendary

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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???

Its not true that you can only exchange your localcurrency to USD, its just that all currencies are paired with USD but there are rare pairs too. Check your MT4 of the list because there might just exist your Localcurrency/JPY or CHF. FOREX is regulated and maybe you stick to forex first since most of the indicators you'll learn are also applied in Crypto. RSI for example is I first encounter in Forex. Though I'm not in to leverage but in FOREX is where your concept of margin trading.

safari88

legendary

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Quote from: jossiel on November 05, 2019, 11:33:17 AM

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

Legit_Alt+

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I really appricate the opinions of all members here, I think it will really be helpful to me if I can do some research's on my own and with the idea ii got here so far I will explored when I full makes my choice......

Rodeo02

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Quote from: imstillthebest on November 05, 2019, 11:50:28 PM

Quote from: jossiel on November 05, 2019, 11:33:17 AM

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.

i dont do forex trading but i only start on crypto when i was a noob so i agree with it . it took me only a few days to understand the concept of crypto and crypto trading but i was once curious if what is forex and i checked some site but all i can see is confusion . i think im not going to understand it quickly than what i did on cryptos . forex do also have alot of traiding pair just like we have on altcoins but cryptos is just more unstable so its more risky in my oservation .

Well you need to attend more seminar to make it clear and understable for you. In terms of currency fiat is more stable unlike crypto that every thing is possible to happen in just 1 day. In terms of profit since we all know crypto is volatile you can easily earn in price difference daily and we dont need to learn every thing just to start, basic trading is enough unlike forex.

MURONDI

sr. member

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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 how you trade and crypto what you trade, if you trade with crypto which is already popular it's safer than a newly emerging coin, Forex trading in my opinion is more risky because it uses a margin system.

jossiel

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DGbet.fun - Crypto Sportsbook

Quote from: imstillthebest on November 05, 2019, 11:50:28 PM

Quote from: jossiel on November 05, 2019, 11:33:17 AM

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.

i dont do forex trading but i only start on crypto when i was a noob so i agree with it . it took me only a few days to understand the concept of crypto and crypto trading but i was once curious if what is forex and i checked some site but all i can see is confusion . i think im not going to understand it quickly than what i did on cryptos . forex do also have alot of traiding pair just like we have on altcoins but cryptos is just more unstable so its more risky in my oservation .

Yeah basically you can easily understand the concept of trading with cryptocurrencies and although it may go the same with forex but I like the risk that crypto has to offer. It's more acceptable the fact that you don't need to have a broker.

You just sign up on any reliable exchange and start trading there with the least that you can.

imstillthebest

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Quote from: jossiel on November 05, 2019, 11:33:17 AM

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.

i dont do forex trading but i only start on crypto when i was a noob so i agree with it . it took me only a few days to understand the concept of crypto and crypto trading but i was once curious if what is forex and i checked some site but all i can see is confusion . i think im not going to understand it quickly than what i did on cryptos . forex do also have alot of traiding pair just like we have on altcoins but cryptos is just more unstable so its more risky in my oservation .

inthelongrun

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The Martian Child

It actually depends on your choice of preference. Both have its own risks and rewards. In forex, you will be trading centralized fiat money from different countries whereas in crypto trading all crypto currencies are decentralized and are free from any governments grip. Crypto currencies tend to be many times more volatile than fiats but many traders may actually find it more appealing. Also fiat money have its inflation while bitcoin and other crypto currencies deflates. You can see the big difference between the value of a $1 compared to BTC1 since bitcoin's birth.

diazepam666

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1BTC Welcome Bonus

Forex or cryptocurrency both trading way is really risky and we people need to be little more careful on investing to such thing and do more research towards the investment.

Learn from the YouTube about forex and crypto if you feel the investment will be retiring then you start investing on it.

jossiel

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DGbet.fun - Crypto Sportsbook

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.

Battareus

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Any trading with margin is more risky than without it, and it is not at all necessary to convert the local currency into dollars in order to trade on Forex, all these calculations are made by the broker himself, I trade in rubles and do not exchange to dollars. But it seems to me that if you trade with margin, then it is better to choose ordinary forex pairs and if you decide to trade on cryptocurrencies then on bitcoin (Okex, Bittrex), the rest are completely unpredictable.

Legit_Alt+

jr. member

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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???

Topic: cryptocurrency and forex trading.... - page 3. (Read 722 times)