cryptocurrency trading is safe than forex trading - page 2.

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Quote from: TheUltraElite on November 30, 2021, 11:13:22 PM

Quote from: n0ne on November 22, 2021, 12:41:15 PM

Cryptocurrency trade is safe when the right coins were added for trading.

Most users dont understand what is right and to be safe the only coin that is "right" to trade is Bitcoin. It still depends on what ones definition of "right" is. For me it those coins that are decentralized and censorship resistant.

I agree that as long as it is centralized, I do not trust any project. Even ETH is dangling at the line of being centralized in my point of view. Obviously it is still quite decentralized in its code, but when Vitalik wants to move to 2.0 and everyone agrees with it suddenly just because he said it, then it makes it a bit weirder. 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.

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.

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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.

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To be honest, I don't quite agree. Both options can have both a positive scenario and vice versa. Depends more and more on the trader himself.

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Quote from: n0ne on November 22, 2021, 12:41:15 PM

Cryptocurrency trade is safe when the right coins were added for trading.

Most users dont understand what is right and to be safe the only coin that is "right" to trade is Bitcoin. It still depends on what ones definition of "right" is. For me it those coins that are decentralized and censorship resistant.

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Some coins used to fluctuate very minimal, with those cryptocurrencies there is a need of good holding to make a better profit.

Usually you see two types in this market, either bullish or bearish. You will see sideways trading very less in frequency than swings in price.

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Cryptocurrency trading is safe when the market is completely bullish, with forex the market seems to be almost similar all the time. At times cryptocurrency market predictions were made out of choice, but with forex the Predictions can be done precisely.

I think both carry similar and dissimilar risks when it comes to trading. If someone is a veteran in forex they should not divest into crypto and vice-versa unless they are pretty confident about it. Each type of asset class has its own nuances and points to be kept in mind. Increasing these in your head only gives you more headaches.

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Quote from: tvplus006 on November 24, 2021, 06:03:53 PM

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

...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

You are mistaken, the cryptocurrency market is very dangerous, especially for those who do not understand how it works. You have yet to find out what a bear market is like - this is the time when most traders lose their profit that they earned in the bull market.

I think the problem is that only a few newbies understand that no trading or investment platform is safe and the cryptocurrency market results during the bullish don't make them a professional or experienced trader.

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

i read about fundamental and technical analysis but I use different one which I dnt knw the name.

I'm unaware of any third analysis and I will be happy if you can provide information about the third analysis you used.

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

...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.
...

You are mistaken, the cryptocurrency market is very dangerous, especially for those who do not understand how it works. You have yet to find out what a bear market is like - this is the time when most traders lose their profit that they earned in the bull market.

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

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 believe that there is a good chance we could finally reach to levels where forex volume is right now. The volume of forex right now is said to be somewhere along the lines of 6 trillion to 7 trillion dollars, which is a lot more than what crypto is and I know that but we are getting closer, 120 billion and counting so it is not really impossible for us to reach. Does anyone think that we would actually be at a level of stability that forex has?

I mean I know people could make tons of income from even the tiniest moves there but in crypto we have thousands of moves per day, even in hours and I believe that if we reach to those volumes then maybe we could have that power of stability as well?

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Quote from: n0ne on November 22, 2021, 12:41:15 PM

Cryptocurrency trade is safe when the right coins were added for trading. Some coins used to fluctuate very minimal, with those cryptocurrencies there is a need of good holding to make a better profit. Cryptocurrency trading is safe when the market is completely bullish, with forex the market seems to be almost similar all the time. At times cryptocurrency market predictions were made out of choice, but with forex the Predictions can be done precisely.

Doesnt really matter if you are dealing with crypto or forex because the word safe doesnt really fits off because you could possibly lose money if you havent done the right thing or decisions.

You should always consider on how risky you are taking on dealing with this markets because presuming that it is safe then you would see it for yourself on how risky it is.

You would realize when you do experience the real thing because you wouldnt changed up those views if you dont experience it for yourself.

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

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.

I don’t know what I’m going to call this strategy that you are making use of , but at a time like this, it is always common that everyone is going to be making profit, though not everyone, but at least majority of the traders in the market will be able to make huge profits from the market. When the market finally turns bearish, it is going to be quite difficult for you to easily achieve the level of profit that you are getting at this time. That time is going to require a lot more skills for you to be able to gain from the little up and downs that the market will be making in a day.

So for now, we all already know that most of the coins would go up, so any of them that you invest, as long as it is one of the top coins in the market, there is really a chance that is going to increase and you make profit from it.

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Cryptocurrency trade is safe when the right coins were added for trading. Some coins used to fluctuate very minimal, with those cryptocurrencies there is a need of good holding to make a better profit. Cryptocurrency trading is safe when the market is completely bullish, with forex the market seems to be almost similar all the time. At times cryptocurrency market predictions were made out of choice, but with forex the Predictions can be done precisely.

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Quote from: MIner1448 on November 19, 2021, 10:40:11 AM

Forex for me is something intangible at all, I basically never got into it, there is no time for crypt, and then there is forex, but I think the volatility is high in the world of cryptocurrency and no forex can compare with this indicator. And this is one of the most important indicators for a trader.

We all know that crypto is high volatile than forex .Forex and Crypto both are the strong platform for trading .The difference mainly that forex is not high volatile without having any impact by news .So that it is better for one side thing that you can apply your strategy welly .On the other for being high volatility it is popular to the most of the trader cause you can get your profit quickly .The crypto platform offer many thing beside trading so that it is become more popular than forex .We all know that trading is so risky so that before we invest we need to learn before enter the market that's how we can really earn from both the platform .

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Quote from: jostorres on November 21, 2021, 01:18:43 PM

forex markets are more volatile than cryptocurrency market because it is older and it got at least 10x more volume than cryptocurrency market. The influencing factors and news for forex market is in more numbers whereas only few government are releasing any news about cryptocurrency and only speculation and services related news are influencing cryptocurrency market as of now.

Basically in my understanding all the Forex markets are futures based trading and there is no possibility about spot trading in Forex market because you may not able to get delivered anything into your wallet/account (I got only limited exposure on Forex trading and please correct me if I am wrong).

So, the associated risks in Forex trading is really very big compared to cryptocurrency trading because in cryptocurrency trading you can choose spot market which is known for bullish in long run all the time which must be a very big advantage in cryptocurrency trading that we could enjoy whereas anything like that cannot be found in forex market.

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Quote from: MIner1448 on November 19, 2021, 10:40:11 AM

I think the volatility is high in the world of cryptocurrency and no forex can compare with this indicator. And this is one of the most important indicators for a trader.

No, forex markets are more volatile than cryptocurrency market because it is older and it got at least 10x more volume than cryptocurrency market. The influencing factors and news for forex market is in more numbers whereas only few government are releasing any news about cryptocurrency and only speculation and services related news are influencing cryptocurrency market as of now.

Moreover in my opinion, there will be no point of comparing cryptocurrency market with forex market because any market will be easier if we are good in technical analysis and awareness in the nature of volatility and all other things which are common for any market. So, anyone can choose any market according to their basic interest level.

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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.

I could say it is way more riskier because of the word "volatility" yet you can differentiate between stocks/forex against crypto which you could really able to see on whats the difference among the two.

We know the higher the risk the higher the reward though and that what makes crypto is really interesting into those movements which is why we did really become this big.

So as a trader then its up to you whether you do jump in into less volatile or go to having those high volatility like crypto just for you to aim on earning bigger profits but of course risk is bigger too.

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Quote from: kobe24 on November 20, 2021, 08:47:51 AM

I disagree because both of them are all risky you can avoid losing if you have a proper knowledge both forex and crypto trading

Yes, both of them are really risky. In trading crypto, there are the futures that can liquidate you so fast. In forex, I don't know how it goes but it's also a quick market.
That's why it's complex for me but I don't want to know more about it. I'm good as where I am with spot trading and that's why I don't do further riskier trading marketplaces.

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Quote from: sana54210 on November 19, 2021, 04:45:28 PM

Quote from: gabbie2010 on November 19, 2021, 11:02:35 AM

I also traded forex before too, it's more inclined towards fundamentals any Red news FOMC, BOE, ECB news etc will always mar any trading strategy, thus forex traders has to get updated everytime before trading, I wasn't getting good profits rather losses, thereafter ported to crypto trading where I am having a good time trading with some small funds in order to learn every aspect of it, eg spot, margin trading not leverage trading and so far it has been a wonderful experience, though volatility in cryptocurrencies is far higher than forex crypto traders has to trade with caution.

I only "tried" forex a few times back in the day and this way before I got into crypto (about 2010 I think) so I could say that I never did them together. However even with that in mind I remember that Forex wasn't something that I wanted to do. It is not a long term investment type of deal, you do not really end up getting something in your storage and just lock in there for 10 years and come out rich, it is not like that at all.

It is a traders business and you need to be a damn good trader to make any profit as well (meaningful profit). If you really want to compare the two I would say that there are plenty of people in crypto that trades just like they are in forex as well, so it is not really that different for THOSE people. However for people like me, I have to say it is vastly different, it is not even remotely close for me since I am a long term holder.

That is a big difference between the forex market and the market of cryptocurrencies, in that sense this market is closer to the stock market in which you can buy a stock for a low price and if you made the right pick then you have a chance of making a lot of money in a relatively short amount of time, this is not possible in the forex market and you need to be a trader to make any profits with it, something not easy to do when some of the biggest whales of the world are trading those markets.

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I disagree because both of them are all risky you can avoid losing if you have a proper knowledge both forex and crypto trading

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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 guess is crypto trading different from forex trading was the thread you so referred to there? To do that, all you've to do is copy the URL of the thread topic and paste that way, that's if you don't want to use HTML or shorten it the way I did.

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

I just understand that cryptocurrency trading is very well safe compare to forex trading.

No, that's not true. Crypto is more risky and volatile than FX. Nothing comes close to crypto volatility in Forex Trading, except you want to consider Gold and Silver pairs which are metal instruments or GBP/JPY pair (called dragon). If you think crypto trading is easy, it's only because we are in a bull rally now. It's always like that because it's easy to profit from almost every crypto one buys. Wait for the bears to set in. That's when we know profitable traders in the industry.

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

What is the name of my style, is it fundamental or analization.

I guess you meant Fundamental or Technical Analysis, for there's no such word as analization in this industry.

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Quote from: gabbie2010 on November 19, 2021, 11:02:35 AM

I also traded forex before too, it's more inclined towards fundamentals any Red news FOMC, BOE, ECB news etc will always mar any trading strategy, thus forex traders has to get updated everytime before trading, I wasn't getting good profits rather losses, thereafter ported to crypto trading where I am having a good time trading with some small funds in order to learn every aspect of it, eg spot, margin trading not leverage trading and so far it has been a wonderful experience, though volatility in cryptocurrencies is far higher than forex crypto traders has to trade with caution.

I only "tried" forex a few times back in the day and this way before I got into crypto (about 2010 I think) so I could say that I never did them together. However even with that in mind I remember that Forex wasn't something that I wanted to do. It is not a long term investment type of deal, you do not really end up getting something in your storage and just lock in there for 10 years and come out rich, it is not like that at all.

It is a traders business and you need to be a damn good trader to make any profit as well (meaningful profit). If you really want to compare the two I would say that there are plenty of people in crypto that trades just like they are in forex as well, so it is not really that different for THOSE people. However for people like me, I have to say it is vastly different, it is not even remotely close for me since I am a long term holder.

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Quote from: gabbie2010 on November 19, 2021, 11:02:35 AM

Quote from: Masplanc on November 19, 2021, 09:48:24 AM

To me forex trading is complex to me maybe I didn't give my time to it, when I was into forex trading some years ago there was no good result for me I had to quit. I found crytocurrency trading to be cool and easy for me. I feel doing well in forex trading one have to dedicate good time to understand it well on how it works.

I also traded forex before too, it's more inclined towards fundamentals any Red news FOMC, BOE, ECB news etc will always mar any trading strategy, thus forex traders has to get updated everytime before trading, I wasn't getting good profits rather losses, thereafter ported to crypto trading where I am having a good time trading with some small funds in order to learn every aspect of it, eg spot, margin trading not leverage trading and so far it has been a wonderful experience, though volatility in cryptocurrencies is far higher than forex crypto traders has to trade with caution.

The beauty of having a good looks when dealing with trading, forex is indeed hard you need to follow news about the economy and you need to be precise in anticipating what would be the effects of the news that you read or heard, it's your understanding and knowledge that you need to rely, and with that same concept, crypto is also tough if you are new to it, but by experienced and by doing your trade eventually you will learn how to sort good project that will gives you better benefits.

You can apply your experience and knowledge from any form of trading to this venue. As long as you are willing to adjust, you can always enhance your skills and have it to be your advantage.

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