cryptocurrency trading is safe than forex trading

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Quote from: palle11 on December 12, 2021, 03:18:50 PM

I think Forex is not the only trade that needs to be studied with care or that is complicated, cryptocurrency, stocks and other tradable items are complicated and needs attention very well because they are both really volatile. Although there are instruments in Forex pairs that are less volatile but trading gold or silver against USD is certainly volatile just like btc paired with USD.

Yeah, basically all markets are same hence the approach that we need to make profit from them must be same. This is the reasons all technical and fundamental analysis for all markets are common except few fine tuning according to the level of volatility.

In my opinion it is just another myth which has been with us for years that cryptocurrency trading is simpler and easier compared to forex trading. I have been seeing that people are always making such baseless claim continuously here and in most social media. Moreover, the simpler nature of crypto trading must be subjective because all the traders may not see the market in same way and this is the reason the level of profit making differs from trader to trader.

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Quote from: TheUltraElite on December 19, 2021, 01:55:40 AM

Quote from: palle11 on December 12, 2021, 03:18:50 PM

I think Forex is not the only trade that needs to be studied with care or that is complicated, cryptocurrency, stocks and other tradable items are complicated and needs attention very well because they are both really volatile.

Each and every speculative asset is volatile and is worth investing because each has their own pros and cons while delivering returns - otherwise nobody would trade on that asset at all. It does not mean that all millennials will move to bitcoin, unlike some news media might be saying.

As mentioned every speculative asset have got its own market. Some used to be highly volatile, whereas some doesn't vary big. The returns and the percentage of risk used to vary between the different assets.

Quote from: TheUltraElite on December 19, 2021, 01:55:40 AM

The point is that there need to be a diversification assets that you earn into investment tools that you know and prefer. Being stubborn and going all-in into one asset is a wrong move. Today your country might accept bitcoin but tomorrow there might come in adverse laws against it, then the same news media will change its tone and say that millennials want stocks. Funny how these change in tone comes faster than the chameleons color change. Roll Eyes

Diversification is a must with all forms of investment to keep the portfolio strong against the varying market. Going all in one is good, when you've got the expertise knowledge to take the profit and come out of the market.

Quote from: TheUltraElite on December 19, 2021, 01:55:40 AM

Hence if someone has expertise in one asset, continue with that only, shifting assets is a risky move - worth it if you can do it at the proper time and with proper backup plans.

Being an expertise in one form of investment and an immediate swap is not good, because different form of investment have got different markets. Learning it and getting into the market parallel to the primary investment is always a good choice.

Quote from: TheUltraElite on December 19, 2021, 01:55:40 AM

Each asset has its good and bad days - I agree. Hence it is better to keep a diverse portfolio but avoid altcoins - your crypto should mean coins from the top5 coins only.

When we go with the cryptocurrency investment, adding top cryptocurrencies on the market will lower the risk. Also makes the portfolio strong for long term, whereas if you're into the market for short term profiting then you need to focus and learn about the trend at the moment.

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Quote from: palle11 on December 12, 2021, 03:18:50 PM

I think Forex is not the only trade that needs to be studied with care or that is complicated, cryptocurrency, stocks and other tradable items are complicated and needs attention very well because they are both really volatile.

Each and every speculative asset is volatile and is worth investing because each has their own pros and cons while delivering returns - otherwise nobody would trade on that asset at all. It does not mean that all millennials will move to bitcoin, unlike some news media might be saying.

The point is that there need to be a diversification assets that you earn into investment tools that you know and prefer. Being stubborn and going all-in into one asset is a wrong move. Today your country might accept bitcoin but tomorrow there might come in adverse laws against it, then the same news media will change its tone and say that millennials want stocks. Funny how these change in tone comes faster than the chameleons color change. Roll Eyes

Hence if someone has expertise in one asset, continue with that only, shifting assets is a risky move - worth it if you can do it at the proper time and with proper backup plans.

Each asset has its good and bad days - I agree. Hence it is better to keep a diverse portfolio but avoid altcoins - your crypto should mean coins from the top5 coins only. Your portfolio will never go all red if you know how to diversify correctly.

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Quote from: palle11 on December 12, 2021, 03:18:50 PM

Quote from: blockman on December 11, 2021, 05:25:15 AM

Quote from: Masplanc on December 05, 2021, 04:35:07 AM

I can agree with you. I think forex will require your time to master some certain things . Forex is not what they rush into to invest it requires patience.

Both will require more of our time but about being complicated, it is somewhat needed to put more of your studying in forex.

I think Forex is not the only trade that needs to be studied with care or that is complicated, cryptocurrency, stocks and other tradable items are complicated and needs attention very well because they are both really volatile. Although there are instruments in Forex pairs that are less volatile but trading gold or silver against USD is certainly volatile just like btc paired with USD.

Well, you got it all right. Every market and its aspect shall be studied with care and all of them has to be prepared and not just go in without proper knowledge especially if the amount that you're investing is quite big.
Talking about forex as a whole, one can think that it's about the highly volatile pairs that everyone is making money since most of their ads are all about that but it's good to know that there are those lesser volatile pairs.

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Quote from: blockman on December 11, 2021, 05:25:15 AM

Quote from: Masplanc on December 05, 2021, 04:35:07 AM

I can agree with you. I think forex will require your time to master some certain things . Forex is not what they rush into to invest it requires patience.

Both will require more of our time but about being complicated, it is somewhat needed to put more of your studying in forex.

I think Forex is not the only trade that needs to be studied with care or that is complicated, cryptocurrency, stocks and other tradable items are complicated and needs attention very well because they are both really volatile. Although there are instruments in Forex pairs that are less volatile but trading gold or silver against USD is certainly volatile just like btc paired with USD.

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Quote from: Masplanc on December 05, 2021, 04:35:07 AM

I can agree with you. I think forex will require your time to master some certain things . Forex is not what they rush into to invest it requires patience.

Both will require more of our time but about being complicated, it is somewhat needed to put more of your studying in forex.

Quote from: Masplanc on December 05, 2021, 04:35:07 AM

That's what some newbies don't know about forex, they think they can easily earn in forex without learning.

Yeah, that's their misunderstanding about forex. They watch ads about forex as it explains how quick and easy it looks to earn with it. But in reality, it's harder than trading cryptocurrencies.

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Crypto has its good days, so does forex. A very good forex trader might agree otherwise. But for me, I haven't really been into forex, but I am cool with crypto. I just enjoy the fuzz in the market, it's exciting.

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So anyway, I applied as a merit source :)

Quote from: tygeade on December 02, 2021, 04:44:46 PM

I am not saying that it is centralized, it still gives people a choice to vote, and based on how people are reacting to everything Vitalik says, it is clear to me that we are talking about a slight authority figure there.

I guess the same reason was why Satoshi went on hiatus, assuming such things to start in bitcoin ecosystem too. Obviously, that is how a political system works and the people usually like a person to follow because they dont want to lose their sight. However this means that there would be shill armies like that has happend with ETH and every other shitcoin out there who easily manipulated and follow a mob policy.

Quote

However, I still invest into it, that's fine level for me. BNB on the other hand, even though I hold bnb, I still worry about it a lot, it is highly centralized and basically Binance is controlling it, that is a very risky and dangerous thing and I am planning on getting out of it. These days finding %100 decentralized currency is a very difficult thing to do.

Bitcoin is still decentralized, it is that easy to find. I agree about BNB though, those who bought back in single digit prices when the idea that BNB is a Ponzi was very popular have made good gains by selling at these prices. You can also sell a fraction of your holding and keep the rest hoping for even higher gains.

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Quote from: Woodie on December 05, 2021, 05:10:23 PM

cryptocurrency trading and forex trading are pretty much the same, the distinguishing becomes confusing to make when we talk of holding to be cryptocurrency trading. For every pip or point move you get to make money in forex while for a hodler they only interested in the rise of bitcoin which is where their profits rest...any bearish move reduces the value of their coins.

Crypto and Forex are both volatile though we only have limited option when it comes to Forex while crypto offers a lot of variety and options for us to trade more effectively. Even though they both the same when it comes to trading, I still prefer Cryptocurrency because its way more profitable especially in the past 5 years. Well, if you're into forex and crypto, I can say that you're a hardcore trader and that's a good strategy, to diversify on other market and grab more opportunity, beside you are trading to achieve your goals and you can do that by keeping that hustling.

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Quote from: uchegod-21 on November 09, 2021, 06:22:13 AM

I made post here when i ask how to trade cryptocurrency many people answer me well. I don’t knw if there is how i will link that post to this new one.
I just understand that cryptocurrency trading is very well safe compare to forex trading. In cryptocurrency when bitcoin is high like this time, everyone will fine in the market. But greedy trader will not be fine. Everyone will be fine because if you loose don’t sell on loss just wait and the market will come back. i read about fundamental and technical analysis but I use different one which I dnt knw the name.

Well, I think what you have said here is kind of right. If you’re going to be looking at it this way: someone who is trading or investing in cryptocurrency for the long term is going to make profit Dan someone who is trading forex. But there are still risk involved in the both of them, anyone can lose money in crypto currency and as well lose money in forex trading.

You just have to have good enough knowledge on these types of trading before you become part of it. If not, it’s just going to be a rollercoaster of you having to meet losses over and over again. But cryptocurrency would always beat forex trading when it comes to long term, because in forex trading, once you lose, you have lost for good. But for cryptocurrency, even if you lose now and decide to have patience, there are chances that you will recover what you have lost in future.

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cryptocurrency trading and forex trading are pretty much the same, the distinguishing becomes confusing to make when we talk of holding to be cryptocurrency trading. For every pip or point move you get to make money in forex while for a hodler they only interested in the rise of bitcoin which is where their profits rest...any bearish move reduces the value of their coins.

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Quote from: Cling18 on December 05, 2021, 10:51:36 AM

Even in cryptocurrency, if you'll invest without knowing its risks and without having enough knowledge on how to do trading, you'll surely fail. Both need a long process of learning so the safety of both investments will depend on your skills on how to handle it. Both are profitable and risky at the same time but we should keep in mind that any type of investment has its risks.

It definitely looks like crypto could be even worse if you are not careful about. I have seen people losing thousands of dollars in a single second because they have no idea how margin trading works and they still did it. It is just such a shame that something that is so profitable in the long term if you just keep it and do not do anything about it, but at the end of the day we are talking about something that is dangerous if you do it in a different way. Trading is a very risky and if you are not sure about what you are doing then you are going to be very upset about it.

It is clear to me that if you are a newbie then you should not trade with a lot of money, you should focus on doing small amount and earn that way until you are good enough. However, you need to make sure that you do not get too much hyped suddenly just because you saw a chance of making a lot of money, you might be wrong.

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Quote from: Masplanc on December 05, 2021, 04:35:07 AM

I can agree with you. I think forex will require your time to master some certain things . Forex is not what they rush into to invest it requires patience. That's what some newbies don't know about forex, they think they can easily earn in forex without learning.

Even in cryptocurrency, if you'll invest without knowing its risks and without having enough knowledge on how to do trading, you'll surely fail. Both need a long process of learning so the safety of both investments will depend on your skills on how to handle it. Both are profitable and risky at the same time but we should keep in mind that any type of investment has its risks.

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I can agree with you. I think forex will require your time to master some certain things . Forex is not what they rush into to invest it requires patience. That's what some newbies don't know about forex, they think they can easily earn in forex without learning.

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Quote from: Findingnemo on November 09, 2021, 10:31:54 AM

Quote from: mk4 on November 09, 2021, 10:04:46 AM

I mean, mate, we're literally in a bull market; almost anyone's going to make money in a bull market as long as he/she isn't tremendously bad. Bull markets are times when almost everyone thinks they're some trading/investing genius. Wait til we get into bearish territory, then re-evaluate if you're actually good.

Interestingly they will make more money if they don't trade at all by just HODLing itself when they are in bull market. Wink

@OP no matter what kind of trading it always comes with the risk so there is no safe asset to trade at all and if there is any asset which keeps increasing then its not a trading asset.

In my opinion, both platforms have their own values. I can't say that any particular one has lesser importance than the others. It all depends upon how you are trading in the market. Yes, you are right that the greedy traders will not be fine.
But these types of people can be in any market. Both platforms required proper skills and knowledge of the market and trends and you have to keep the focus on them both. Also, it all depends upon your luck.

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Quote from: Quidat on December 02, 2021, 05:33:05 PM

They are just the same with forex on which they are both risky but what differs them is the movement of price which we know that crypto is more volatile with those fiat currencies which means it is more risky.

But somewhat people do still love to get involved despite of the risk because they do know that whats behind is the probability of making big profits out of those huge swings.

You can deal with both things if you do want to experience and you would find it for yourself.

I chose crypto because one of them is like the author's title on this topic. But maybe forex players also consider crypto unsafe. Indeed judging from all types of stock trading markets, forex and crypto all have disadvantages. I chose crypto over forex because the funds are directly under my control. I don't need a broker. The forex market is like the future market in crypto, and I don't like futures trading. Some of my friends lost funds due to wrong open positions. Unlike trading tokens as long as you believe the price will go up then if you experience a decrease in price you can hold it until the price rises again.

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The crypto market is somewhat more current while forex exchanging has been practice for significantly longer since the time we have had distinctive public monetary standards Trading in digital currencies accompanies a more serious level of hazard than forex exchanging The crypto market is additionally not so directed as the forex market is on the grounds that the previous is fresher than the last option Trading in forex is simpler in India since you can essentially open an exchanging account and get everything rolling.

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Both types of trading have their own risks, but cryptocurrency trading is considered safer than forex trading. With cryptocurrency, there is a finite number of coins that will ever be in circulation, unlike with forex, where the number of currencies and their value is constantly changing.

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Quote from: uchegod-21 on November 09, 2021, 06:22:13 AM

I made post here when i ask how to trade cryptocurrency many people answer me well. I don’t knw if there is how i will link that post to this new one.
I just understand that cryptocurrency trading is very well safe compare to forex trading. In cryptocurrency when bitcoin is high like this time, everyone will fine in the market. But greedy trader will not be fine. Everyone will be fine because if you loose don’t sell on loss just wait and the market will come back. i read about fundamental and technical analysis but I use different one which I dnt knw the name.
I use binance and in binance i watch the market and i will see hot/gainers/loosers/24hr vol. I will check the coins that are hot and i will check them in loosers and buy them and wait for 24hrs they will go back to gain and i sell. But in forex if the market is against you, its against you. What is the name of my style, is it fundamental or analization.

In my own opinion, cryptocurrency trading is more and perfectly secured compared to foreex trading. I don't know more about forex trading but I believe that cryptocurrency trading is simple and straightforward trading, but the forex might a bit complicated compared to crypto trading. I believe that crypto trading is safer than forex trading.

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Quote from: Hobo66 on December 02, 2021, 11:55:11 AM

In performance compared to forex trading, I believe that cryptocurrency trading provides its users with more alternatives and options for profit. Cryptocurrency trading is far more advantageous, but it should be remembered that it is impossible to predict if there will be profit or loss, as well as up or down, in the next hours and days.

They are just the same with forex on which they are both risky but what differs them is the movement of price which we know that crypto is more volatile with those fiat currencies which means it is more risky.

But somewhat people do still love to get involved despite of the risk because they do know that whats behind is the probability of making big profits out of those huge swings.

You can deal with both things if you do want to experience and you would find it for yourself.

Topic: cryptocurrency trading is safe than forex trading (Read 674 times)