I'm not a forex trader—although I have traded forex markets and I follow them closely—, but I do manage investments professionally for qualified investors.
Why cryptos?
I truly love investing and finance, and cryptos are a technically and psychologically fascinating part of that world, albeit in a very fledgling way.
Cryptos are very fun.
Cryptos are a game-changer.
Topic: Forex traders: why did you come to cryptos? (Read 1377 times)
If you can, then just short all the shitcoins. sounds like easy money.
What does shorting means?Shorting is selling something that you don't own. For example when BTC was $1200. You borrow 1BTC from a HODLer and you sell it for $1200. When the price drops to $500 you buy back 1BTC from the open market for $500 and return to the person you borrowed + premium. You just pocketed $700 minus the cost to borrow
For me it's the privacy and being in control of my own wallet instead of relying on a bank or some crappy third party processor like Skrill.
Interesting thing, I did not think about it.
For me it's the privacy and being in control of my own wallet instead of relying on a bank or some crappy third party processor like Skrill.
legendary
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Core dev leaves me neg feedback #abuse #political
If you can, then just short all the shitcoins. sounds like easy money.
What does shorting means?No, you SELL them without owning them (if any exchange allows that.) You can do this in forex.
So basically what you mean by that, is you sell them at a set price of say $0.10 hoping that you can buy them before a preset time at $0.07 ? Is this what shorting is?
No that sounds like more of what's called an "option" when you're talking about preset times.
On the stock market , shorting a stock means you are betting the stock will fall in price. It's not really that important to understand the inner workings of it, but basically you are borrowing the stock from the broker with the money you put up as collateral, selling it, waiting for the price to fall, and then closing the trade as you buy it back from the market. You pocket the difference (or eat the loss if the stock rose).
In the forex world, currencies are traded in pairs like EUR/USD and you can "bet" in either direction. Going up is known as a long trade and going down is called going short.
If you can, then just short all the shitcoins. sounds like easy money.
What does shorting means?No, you SELL them without owning them (if any exchange allows that.) You can do this in forex.
So basically what you mean by that, is you sell them at a set price of say $0.10 hoping that you can buy them before a preset time at $0.07 ? Is this what shorting is?
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
If you can, then just short all the shitcoins. sounds like easy money.
What does shorting means?No, you SELL them without owning them (if any exchange allows that.) You can do this in forex.
If you can, then just short all the shitcoins. sounds like easy money.
What does shorting means?legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
If you can, then just short all the shitcoins. sounds like easy money.
What does shorting means?it means speculating that will they decrease in value.
If you can, then just short all the shitcoins. sounds like easy money.
What does shorting means? Lol trading coins when you dont know whales moves is kinda crazy 
That's why I am more and more considering this:
- Get closure for my lost money (Mt.Gox plus altcoin trading)
- Convert a monthly fixed part of my paycheck in BTC (as long as the BTC is undervalued)
- Invest said BTC into just-dice.com
- Convert back 10% of my remaining amount of BTC everytime it doubles (10/200 rule)
Lol trading coins when you dont know whales moves is kinda crazy
What do you mean by 'better'?
They are not so different I wouldn't think, price goes up or down, except with BTC there is only supposed to be a one way major trend created by exponential take up. It should behave more like a small cap rather than a currency. Forex pa is cyclical. Forex pa is also more predictable due to the study of historical charts being available and also everyone agrees on what news should move a pair.
Allegedly 95% of retail forex traders wipe out their account and if most BTC holders hold, the success rate will be much higher.
They are not so different I wouldn't think, price goes up or down, except with BTC there is only supposed to be a one way major trend created by exponential take up. It should behave more like a small cap rather than a currency. Forex pa is cyclical. Forex pa is also more predictable due to the study of historical charts being available and also everyone agrees on what news should move a pair.
Allegedly 95% of retail forex traders wipe out their account and if most BTC holders hold, the success rate will be much higher.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
i'm not familiar with all the places you can trade pairs like forex. i just know on cryptsy, you can't sell hobonickles or barbacue coins unless you buy some first.
Check kraken.com (major cryptos) and swaphole.com (minor cryptos).If you can, then just short all the shitcoins. sounds like easy money.
i'm not familiar with all the places you can trade pairs like forex. i just know on cryptsy, you can't sell hobonickles or barbacue coins unless you buy some first.
Check kraken.com (major cryptos) and swaphole.com (minor cryptos). legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
Unless you can short altcoins, you'd be trying to trade countertrend.
Is "shorting" the same as "whales manipulating the market" (altcoin parlance)?i'm not familiar with all the places you can trade pairs like forex. i just know on cryptsy, you can't sell hobonickles or barbacue coins unless you buy some first. If you could trade BBQ/BTC as a "pair" like in forex, you could "short" (sell) bbq coins without buying any.
Cryptos are 10 times easier to manipulate from their piss poor liquidity. Forex is dominated by large hedge funds, central banks etc. Crypto traders tend to be novice basement dwellers who panic at the first sight of any whale.
True
Cryptos are 10 times easier to manipulate from their piss poor liquidity. Forex is dominated by large hedge funds, central banks etc. Crypto traders tend to be novice basement dwellers who panic at the first sight of any whale.
Unless you can short altcoins, you'd be trying to trade countertrend.
Is "shorting" the same as "whales manipulating the market" (altcoin parlance)? for me it was
fee's
lack of community
the whole bank transfer polava
lack of volitility meaning only small profits, but requiring large sums just to get to see small profits
the fact that you are miliseconds-minutes behind the market makers, meaning your not abl to trade the changes the milisecond they happen.
yet with bitcoin. its easy, cheaper and faster to play the spread. using smaller lump sums to gain profits allows for use of many lumps to take advantage of other movements you could have missed with the first lump sum.
id never go back to forex, thats for sure.
Thanks. Yeah, feeling lonely behind my screen is not something I enjoy. Plus the need to spen a lot of money (I don't have more than some hundreds of euros). Please define "polava".fee's
lack of community
the whole bank transfer polava
lack of volitility meaning only small profits, but requiring large sums just to get to see small profits
the fact that you are miliseconds-minutes behind the market makers, meaning your not abl to trade the changes the milisecond they happen.
yet with bitcoin. its easy, cheaper and faster to play the spread. using smaller lump sums to gain profits allows for use of many lumps to take advantage of other movements you could have missed with the first lump sum.
id never go back to forex, thats for sure.
I am planning to trade on kraken, for the simple reason kraken has trailing stop, which no other exchange has. I don't know wich pair I will trade, though. Is XBT/EUR more dangerous than they, FLT/BTC on altcoins?
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