Forex trading, an alternative to earn bitcoins

Gaff

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Quote from: Idrisu on May 03, 2019, 03:40:13 PM

Quote from: markint on September 17, 2018, 07:43:45 PM

It is true that most of those who have tried to earn bitcoins through trading, have done so through the exchange of cryptocurrencies, however it seems increasingly difficult to obtain good profits in this business in a market as unique as the crypto one.

That is why I would recommend to all those who know the technical bases of trading to try a more stable and predictable market than the Crypto market, and that is the Forex market, where what is exchanged are fiat coins.

And fortunately there are Forex brokers that allow trading with denomination in bitcoin, making deposits and withdrawals in Bitcoin or even trading cryptocurrencies as CFD.

The important thing is to look for alternatives, and this is one of them.

Thank you for your advice and view on this but I don't think it is easier in forex trading. Both of the market are highly risky and you should not there go into them without proper and adequate understand on how it works.

Indeed, we should develop strong knowledge before having an involvement with forex trading or any type of investment which involves risk of money. Thinking forex as an alternative for earning bitcoin is a good passive income to prefer, as it could generate better profit that could be use to buy bitcoin for holdings. While we still have the opportunity to invest for cheaper coins, don't waste your chance. Always have confidence on everything, and don't mind the ongoing fluctuations because that's part of the normal trading trend. Learning process cannot gain faster results, but eventually this will provide as strong foundation on skills of trading.

hahay

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Quote from: nydiacaskey01 on May 02, 2019, 07:34:26 PM

I haven't tried forex trading yet because I think the price movement in forex is very small so if you wan't to enjoy profits in forex, you will need a huge capital. Unlike in Crypto trading, a coin may move from 1% to 20% in a day and sometimes price can move up to 50% or even higher, unlike in forex, I don't think a currency will a have a price change as high as 10%. Please correct me if I am wrong.

I agree with you, which is why the OP says the crypto market is a unique market because price movements can occur so high and with that uniqueness cryptocurrency traders have a great opportunity to be able to get good profits on any fluctuations that occur. Trading in a more stable market certainly has to have a lot of capital, but for those who are happy with challenges such as trading in the crypto market, then it will be an alternative for those who try to trade in markets that have no more stable value than forex trading.

Idrisu

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Quote from: markint on September 17, 2018, 07:43:45 PM

It is true that most of those who have tried to earn bitcoins through trading, have done so through the exchange of cryptocurrencies, however it seems increasingly difficult to obtain good profits in this business in a market as unique as the crypto one.

That is why I would recommend to all those who know the technical bases of trading to try a more stable and predictable market than the Crypto market, and that is the Forex market, where what is exchanged are fiat coins.

And fortunately there are Forex brokers that allow trading with denomination in bitcoin, making deposits and withdrawals in Bitcoin or even trading cryptocurrencies as CFD.

The important thing is to look for alternatives, and this is one of them.

Thank you for your advice and view on this but I don't think it is easier in forex trading. Both of the market are highly risky and you should not there go into them without proper and adequate understand on how it works.

Pamadar

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Quote from: H0USE on May 03, 2019, 02:15:15 PM

Forex trading has already a good way to earn profit for a long time and traders usually choose Forex just because it is more stable than crypto, but that is what make forex hard to invest, the profit is small but the risk that we can easily loss money when the price drops is big, crypto trading is still a good way when the investors can control the profit or loss.

This two different venues have some similarities, they both provide chances of earning money, we just need to learn smartly so we can take some advantages, crypto is still in it's early stage so the market is really volatile, advantage to gain if you plan properly and study how things will work for you.

H0USE

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Forex trading has already a good way to earn profit for a long time and traders usually choose Forex just because it is more stable than crypto, but that is what make forex hard to invest, the profit is small but the risk that we can easily loss money when the price drops is big, crypto trading is still a good way when the investors can control the profit or loss.

pundit

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Quote from: markint on September 17, 2018, 07:43:45 PM

It is true that most of those who have tried to earn bitcoins through trading, have done so through the exchange of cryptocurrencies, however it seems increasingly difficult to obtain good profits in this business in a market as unique as the crypto one.

That is why I would recommend to all those who know the technical bases of trading to try a more stable and predictable market than the Crypto market, and that is the Forex market, where what is exchanged are fiat coins.

And fortunately there are Forex brokers that allow trading with denomination in bitcoin, making deposits and withdrawals in Bitcoin or even trading cryptocurrencies as CFD.

The important thing is to look for alternatives, and this is one of them.

You have just narrated what I am doing currently, earning Bitcoin through forex trading. No doubt forex is much stable and predictable market than crypto currency but its is very risky too because people take over margin trades and a little correction of the market leads to account loss. If you are a good trader you can earn much more Bitcoin in forex trading. Many brokers give opportunity to deposit funds through Bictoin and trade all currency pairs with BTC as base currency, there you get dual benefit. First you make profit through trading, second if value of Bitcoin increases, its an ice on the cake but vice - versa is also true.

beerlover

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Quote from: Gheka on May 02, 2019, 09:11:23 AM

I think you will soon realize that the forex world is not a suitable place for you, you will soon return to the crypto world because I've seen so many people make the same decision as you, see some people achieve success and profit with forex, give up crypto and go to forex to find success but the result was failure, the forex world was full of pitfalls and so vast, it had engulfed them. I was also a victim of forex, so many waves came, instead of making a profit, I lost everything I put into it, it is not an alternative to earning bitcoin, it only makes our bitcoin lose faster

Any knowledgeable trader now will tell you that crypto market is where the money is, many trader has lived on their lives in forex before crypto and has never seen a market place as amazing as that of crypto market, the volatility in the crypto market can never be compared to that of forex market, so op should better try the both out first directly and stop basing it on assumption or imagination.

The reality is there for everyone to face and we can say that Crypto trading and forex trading are not mate when it comes to profit. Crypto market supersedes that of forex market with a very far gap.

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Quote from: nydiacaskey01 on May 02, 2019, 07:34:26 PM

I haven't tried forex trading yet because I think the price movement in forex is very small so if you wan't to enjoy profits in forex, you will need a huge capital. Unlike in Crypto trading, a coin may move from 1% to 20% in a day and sometimes price can move up to 50% or even higher, unlike in forex, I don't think a currency will a have a price change as high as 10%. Please correct me if I am wrong.

It doesn't really matter if the price movements are very small, as a trader with a large funds portfolio even 0.10% can be considered as a really good day. And since you compare with the crypto market by saying some coins can go to 0 to the moon. let's take the stock option or Amazon as an example, a decade ago the price was very low compared today. Amazon "mooned" too.

Danumsigwasan

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I think for people who might not know about Forex trading will obviously struggle with Crypto trading. But for those who already have traded, it only make sense to do that with Crypto as well. I work with FreshForex, where I trade on both Forex and Cryptos, as this way I can handle all situations and help myself with making good and consistent amount of money.

nydiacaskey01

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I haven't tried forex trading yet because I think the price movement in forex is very small so if you wan't to enjoy profits in forex, you will need a huge capital. Unlike in Crypto trading, a coin may move from 1% to 20% in a day and sometimes price can move up to 50% or even higher, unlike in forex, I don't think a currency will a have a price change as high as 10%. Please correct me if I am wrong.

palle11

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Quote from: frowsiter on September 18, 2018, 04:02:40 AM

But have you considered the risks involved in the forex

As to what I know and can say, no market that is isolated from risk, they all have risk but we can't fold our arms and not to struggle to survive because of fear of losing our money. I believe that even losing your bitcoin in trade is more painful than fiat because bitcoin price is likely to increase far more than fiat.

Mpamaegbu

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OP, you're right about the Forex market being more stable than what is obtainable in the crypto space. It's a different business entirely and well established with over $5trillion daily market cap. Its advantage over cryptocurrency is really overwhelming and it's not an alternative to earning Bitcoin. Alternatives to earning Bitcoin is trading in altcoins

Pursuer

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I disagree, it is not difficult at all to make profit trading cryptocurrencies that you decide to go to Forex trading and earn profit there. what is difficult is when you try to do something you have no experience in and don't know how to do it. it is like wanting to fly a plane without even knowing how to let alone having some practice! it won't work, and it won't work if you go to trade Forex if you are not familiar with that market either.
in my opinion if you are here and interested in taking the risks of trading then stick to trading cryptocurrencies instead. it is a lot more profitable specially if you are willing to buy the pumping altcoins.

traderethereum

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Forex trading will be more difficult for me because I cannot understand how to analyze the market movements.
Besides that, the forex trading will have too many techniques to learn, and it's not easy to learn one by one.
I still prefer crypto trading than forex trading. In crypto trading, we could learn one technique, and we can make an analysis base on that technique.
But I see that many people can easily understand the forex trading lesson and they can also make a profit from that.
Maybe we have a different method to make a profit.

Gheka

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Quote from: DeadCoin on May 02, 2019, 02:02:41 AM

Haven friends who are into forex trading now. Seeing them earn profits minimum once in 3 days, i have opened an account on forex. Ready to trade now. Need to plan and choose the right currency paring my local currency. Wish to invest the profits earned from forex into crypto. Would start soon.

I think you will soon realize that the forex world is not a suitable place for you, you will soon return to the crypto world because I've seen so many people make the same decision as you, see some people achieve success and profit with forex, give up crypto and go to forex to find success but the result was failure, the forex world was full of pitfalls and so vast, it had engulfed them. I was also a victim of forex, so many waves came, instead of making a profit, I lost everything I put into it, it is not an alternative to earning bitcoin, it only makes our bitcoin lose faster

Oilacris

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Quote from: capoeira on May 02, 2019, 08:08:28 AM

Quote from: maxreish on May 02, 2019, 12:18:19 AM

minimum capital shall be $1000.

that's not true at all. check out this list since all of them have way lower minimum, and some have a teoretical minimum of 1 satoshi: https://bitcointalksearch.org/topic/trading-forex-with-bitcoin-depositwithdraw-716530

On those traditional FX brokers like XM.com then most of the time you would really need to have atleast 1k usd trading account but there are brokers
which do allow lower than that.

Forex trading is indeed more stabilized or less volatile than crypto but as expect the profits to be made wont really be that big but I do much
prefer on using technical analysis on forex than on crypto.

capoeira

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Quote from: maxreish on May 02, 2019, 12:18:19 AM

minimum capital shall be $1000.

that's not true at all. check out this list since all of them have way lower minimum, and some have a teoretical minimum of 1 satoshi: https://bitcointalksearch.org/topic/trading-forex-with-bitcoin-depositwithdraw-716530

DeadCoin

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Haven friends who are into forex trading now. Seeing them earn profits minimum once in 3 days, i have opened an account on forex. Ready to trade now. Need to plan and choose the right currency paring my local currency. Wish to invest the profits earned from forex into crypto. Would start soon.

maxreish

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I think I already had a confidence to try forex trading. But then I was very hesitant to try it out since the minimum capital shall be $1000. Until now, I am reading and reading about forex trading, broker and contracts, etc. Been saving up money to find it. Though I know already how to read some technical analysis, I never tried it with forex so I was still undecided.

enawati

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I been jump in to trading since 3 years more and i already try all trading in different asset include spot and margin trading also binary option. I been in forex for a years but hard to earn consistent profit, this is because of leverage. I think is more profitable to trade in spot market like crypto and stocks. I prefer to trade in spot market without use any leverage because this is more safe and profitable.

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