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.

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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.

Quote

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.

Quote

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.

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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.

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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.

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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.

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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

Quote

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.

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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.

Quote

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.

msarro

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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…

seleme

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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.

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

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%.

Cryptomiles1

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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.

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.

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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 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 .

Mahanton

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Quote from: PuertoLibre on November 27, 2019, 09:08:41 AM

Quote from: bittraffic on November 26, 2019, 02:39:53 PM

Quote from: PuertoLibre on November 24, 2019, 07:08:30 AM

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???

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.

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Quote from: bittraffic on November 26, 2019, 02:39:53 PM

Quote from: PuertoLibre on November 24, 2019, 07:08:30 AM

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???

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

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Quote from: PuertoLibre on November 24, 2019, 07:08:30 AM

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???

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.

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Quote from: reallester on November 25, 2019, 02:18:42 AM

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.

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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.

PuertoLibre

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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???

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.

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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.

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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.

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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.

Ridwan Fauzi

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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.

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Quote from: safari88 on November 06, 2019, 09:38:16 AM

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

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.

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Quote from: owengtam09 on November 07, 2019, 04:56:02 AM

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 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.

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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 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.

stomachgrowls

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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 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.

Willitivity

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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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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

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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

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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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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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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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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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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+

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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.... (Read 730 times)