Topic: cryptocurrency trading is safe than forex trading - page 4. (Read 659 times)
That's right, crypto trading is safer than forex trading. Dicrypto, if we are at the point of loss, we can hold it until the market recovers. This means that there is still a solution if we are wrong in analyzing as long as there is enough patience in waiting for the market to recover. Forex for me if the market goes against the analysis when opening a trade then the end result is a loss. There is no solution to hold back.
I do not know where people get the idea this market is safer than the forex market, the volatility is many times greater in this market, and while this can mean bigger profits it can mean bigger losses as well, at the end it depends on each individual trader to make this market safer for themselves using tools like a stop loss, only investing what they can afford to lose and avoiding scams and risky markets like the ico and the NFT market, and since most traders do not do that this explains the massive losses we see newbie traders incurring all the time.
I haven't tried trading in forex so personally I didn't know how to tell which one is riskier because in my own perception both have the same level of risk that a trader would going to take. Maybe those who are currently trading in both platform could distinguish properly which one is riskier however in my own experience in trading crypto, a trader need to have its calculated risk because of the volatility of the market you need to know how much you are willing and afford to lose, some trader maybe could handle to earn a high profit from trading and some are not, we have our own different luck and different approach on how to trade in crypto so better to have a calculated risk.
Crypto trading may be safer than forex trading, but it also carries a very high risk. If you are not careful, you will also experience big losses. indeed, from a profit perspective, it is very profitable, but if you look at the risk, it will be very risky if you don't have a foundation of knowledge about crypto. many people become rich from crypto, but many also become poor because of crypto.
I do not know where people get the idea this market is safer than the forex market, the volatility is many times greater in this market, and while this can mean bigger profits it can mean bigger losses as well, at the end it depends on each individual trader to make this market safer for themselves using tools like a stop loss, only investing what they can afford to lose and avoiding scams and risky markets like the ico and the NFT market, and since most traders do not do that this explains the massive losses we see newbie traders incurring all the time. What is the name of my style, is it fundamental or analization.
BOTH...you have chosen crypto trading for you think that it was safe but apparently not 100% (as it still depends on you). And you choose crypto trading over forex because you think it is comfortable and you can maximize your knowledge and skill. of course, we choose the place where we think is the right place and have a bigger opportunity. Forex and Crypto can be different in name but in strategies, they can be the same. We can never assess each other if we don't have experience but as I've said, choose the platform that you feel very comfortable with, not just because people are recommending this.
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.
If you want to compared crypto currency with Forex trading to know if they are the same then you have to compare future trading via crypto and Forex only then you will come to realize that they are the same. But if you are trying to compare the two from the angle of spots or holding Bitcoin and Forex then I will say the is a difference.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.
yet they are less volatile than with crypto which is really the known difference between the two.
In terms of security then you can somewhat seen this on forex/stocks market which is totally opposite on crypto but in terms of profitability level or aspect then
no doubt or hands down with crypto.
This is the main reason on why some people had jumped into this market for that very common reason.
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.
If you want to compared crypto currency with Forex trading to know if they are the same then you have to compare future trading via crypto and Forex only then you will come to realize that they are the same. But if you are trying to compare the two from the angle of spots or holding Bitcoin and Forex then I will say the is a difference. 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 the case of cryptocurrency trading you have to follow the general rules but in the case of forex trading you have to master the signal completely. You can recover losses in the case of general trading but in the case of Forex trading you are Can't recover loss. So forex trading is more risky than normal trading.
What are the rules of trading cryptocurrency then ? On the other side I don't think there are rules that I know of on the way to trade cryptocurrency that you don't have in trading forex. Forex is either regulated so it has better organisation that you can monitor on supply of currency from each country, tax rates, employment rate or unemployment rate and more, these affect currency trading but for cryptocurrency except there are adoption news , fud . So what rules are you referring to?
In the case of cryptocurrency trading you have to follow the general rules but in the case of forex trading you have to master the signal completely. You can recover losses in the case of general trading but in the case of Forex trading you are Can't recover loss. So forex trading is more risky than normal trading.
Forex trading is very different from crypto trading, so please don't compare them both.
- Forex trading works on leverage only and you will not do it with 1:1 leverage because you won't get any good returns, while crypto can be bought at spot and if tables turn, the coin can go down 99% too making you lose and may never recover
- Forex works for 5 days only while crypto is available 24/7
- Forex works with real currency pairs and the moves are 'not noteworthy' if seen at transactional values while crypto moves can shake any side's liquidity any moment
- Forex trading works on leverage only and you will not do it with 1:1 leverage because you won't get any good returns, while crypto can be bought at spot and if tables turn, the coin can go down 99% too making you lose and may never recover
- Forex works for 5 days only while crypto is available 24/7
- Forex works with real currency pairs and the moves are 'not noteworthy' if seen at transactional values while crypto moves can shake any side's liquidity any moment
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.
I agree that cryptocurrency trading is lot easier compared to any other trading due to its fundamentals. At the same time you need to be careful like when bitcoin market is going up, not all other coins necessarily to do so. You must need to check each coins' fundamental so that you can be sure about what you are doing.Because, there were time I have experienced like bitcoin market was going up but most of the altcoins' market were going down. So, there cannot be same kind of market situations for all the times.
Unlike no other markets, bitcoin is getting you a great profitable opportunity to trade it in long term basis so that you could make massive profit in slow and steady manner. This must be a kind of unique opportunity you can find only with bitcoin market due to its fundamental deflationary characteristics.
I just understand that cryptocurrency trading is very well safe compare to forex trading.
In which respect are they different in risks? Both are speculative assets and both carry similar risks. Quote
In cryptocurrency when bitcoin is high like this time, everyone will fine in the market. But greedy trader will not be fine.
All traders are greedy, you understand what I mean? Because if they were not greedy they would not be trading in the first place. Also a bull market means people are going to sell to profit, not buy to lose if they are diligent enough. Being fine and being profitable is not the same. Someone can have a stable portfolio and not sell at this time too. It all depends on what you mean by "fine"Quote
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.
If you dont sell at the bull, you will lose an opportunity and then when the market hits bear you will be stuck again. Not being able to recycle the money is a bad thing too.Quote
But in forex if the market is against you, its against you.
Ask any veteran forex trader and you will get a proper answer to this. This forum is a bitcoin forum you will only get a biased answer here. I myself think that any speculative market can be profitable, it just depends on how you trade.If it was true that forex was less profitable, then no one would be trading on it. But that is not the case is it?
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What is the name of my style, is it fundamental or analization.
Seriously, wut? 
I think there is no safe in trading both forex and crypto because trading always comes with risk that trader should know and handle. Also it depends your trading ability, strategy, plan and patience. If you are more knowledgeable in trading crypto then do trade on it but if you think you are more knowledgeable in forex trading then go for it. Like me, I tried forex trading before and often lose so I stop and try in crypto. All is depends on you.
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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 agree with you mate, I've traded both Forex and crypto, and I can attest to the fact that crypto trading is much more easier than Forex trading, winning trades in crypto is much easier than it is with forex, though different types of market in crypto like spot, features, margin etc, when we compare this different crypto markets with the counterpart on Forex, we still discover that crypto brings easier than than forex, for example as you said, in the crypto spot market, one have an option to hold and sell later if the coin bought is going at a loss, but in forex, no such option, ones you are on loss, you are on loss, no two ways about it.... But then, getting into Forex is much more easier as it requires far more smaller capital than required in crypto. 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.
as far as forex is considered that market and crypto are literally not matching pairs. One is the most volatile the other one is lethargic and could be turtle speed really. Both of them has their own factual analysis based on real world vs virtual world usage.
Forex could be very very volatile if you do high leverage as well, but usually it is not. Whereas crypto is a lot more volatile even without leverage, with leverage it becomes surreal. I believe that if you are not suffering from loss at some point in your life then you are not either telling the truth or haven't traded for a long time. I agree that every single trader ends up making some sort of losses at one point in their career and that is something that I could be fine with, it makes sense for them to make that kind of loss.However if you are just ignoring all the stop signs and going right ahead, on your first trades you could be making a profit and imagine that will continue forever and even get a loan from a bank, we have seen that type of people before and I believe that it will happen again, that almost always ends up with people losing a ton of money.
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.
No, cryptocurrency trading is not much safe than forex trading. They’re both risky, but cryptocurrency trading has more risk than forex trading because the cryptocurrency market is more volatile than the forex market. In cryptocurrency the market can go down to as low as even 90% when you least expect it and that can make you to lose most, if not all your investment in the cryptocurrency market.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.
So, you can see that there is a huge risk in trading cryptocurrency. with that said everyone have their own preference or what they would like to trade, if forex trading is not working for you then cryptocurrency market would likely work for you and that’s how it is for a lot of people. Being volatile also makes cryptocurrency market the best when it comes to the one that would give you much profit. You wouldn’t get as much profit as you’re doing in cryptocurrency when you are trading forex.
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.
This is one of the worst way of trading. Both forex and crypto currency trading has risks. In fact, the crypto market is more volatile, hence making it more risky than the other. 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.
You check "hot gainers/losers in 24 hours volume and invest in coins that has lost a lot? Don't do that. You will end up investing in coins that were trending due to a pump and got dumped. There is no certainty that the price will go back up again in next 24 hours. You trading in all the wrong way. Reevaluate your strategy!
Seriously i believe forex is very risky compare to cryptocurrency trading but lots of people are still into forex trading because they understand it and they are making their money their but to me cryptocurrency is far better than forex and the risk is low compare to forex. In Cryptocurrency after buying a coin(make sure you are buying a good and reliable coin) if the price drop if you leave it in your wallet with time it will recover and you might even sell at profit but forex is not like that.
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.
This bull season will not last forever, market always take correction after such a massive bull run and that bear market may end for months. Even in bull market you need to play smart in order to make profit.
Coming to OP question, if you compare forex and crypto trading then I would say forex is old and matured trading compared to crypto. Crypto is still in its early days and fundamentals for this trading are still in process of finalization.
Yes, forex trading is very risky. Forex trading is determined by time, the decision when we open a trade means we are ready to lose if the analysis we do is wrong. I agree that investing in cryptocurrencies is safer, because we can survive if our analysis is wrong. we can also minimize such risk with crypto.
Crypto trading may be safer than forex trading, but it also carries a very high risk. If you are not careful, you will also experience big losses. indeed, from a profit perspective, it is very profitable, but if you look at the risk, it will be very risky if you don't have a foundation of knowledge about crypto. many people become rich from crypto, but many also become poor because of crypto.
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