Topic: Forex trading, an alternative to earn bitcoins - page 2. (Read 666 times)
Only if you know what it entails for one to be successful in Forex trading it is only then you stop to recommend Forex trading to people who don't have the patience. Trading in my opinion is not meant for everyone as the risk involved is too high particularly as it deals with Leaverage which means there is high tendency of you loosing all your money.
Risks are not also absent in forex trading,neither is it a safe haven,its also as risky as the bitcoin(cryptocurrency trading)is and also requires study,practice and effort as well.
Whether you're trading on forex or on cryptocurrency,risks are involved,what really matters is how this risks are managed,and how effectively they are managed
Whether you're trading on forex or on cryptocurrency,risks are involved,what really matters is how this risks are managed,and how effectively they are managed
I dont think the foreign exchange market is easy to analyze. I suppose in order to trade forex, you need to have many relationships. It's a very difficult money market and I've been involved. As if I'm not familiar with it but it's really confusing. Investing in the Crypto market will be better than Forex.
You need to spend a good amount of time watching news and analyzing international affairs to make informed decisions in regards to trading ForEx. Once you get the hang of it though, it's quite rewarding.
--MisterCoin
we can recover it just by holding. So that mean margin trading more risky than trading on the spot market.
lol. you realize that bag-holding is very risky, don't you? it may work some times, but at the end it will break you
CFDs margin trading is much different with spot trading, because if we are loss in margin trading we dont have any chance to recover it except make deposit again with new fresh money and do trading again, but in spot trading incase we getting loss, we can recover it just by holding. So that mean margin trading more risky than trading on the spot market.
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.
I had a deeper look at the options: https://bitcointalksearch.org/topic/trading-forex-with-bitcoin-depositwithdraw-716530
Making money trading forex is not as easy as you think. In my opinion I think its easier trading Cryptos than forex because they seem to follow TA more than Forex.
Only good thing about Forex is that its a 23 hour a day market and you can get very highly leverage with most brokers. You also get good leverage with a regulated futures broker too to trade the main pairs like EUR, GBP, JPY, CAD, AUD, CHF, etc.
If you want the easiest market to trade then that would be traditional stocks. Usually they follow a bull market and are easy to make money in. Usually people trade stocks using the VWAP and the Moving averages.
Only good thing about Forex is that its a 23 hour a day market and you can get very highly leverage with most brokers. You also get good leverage with a regulated futures broker too to trade the main pairs like EUR, GBP, JPY, CAD, AUD, CHF, etc.
If you want the easiest market to trade then that would be traditional stocks. Usually they follow a bull market and are easy to make money in. Usually people trade stocks using the VWAP and the Moving averages.
For now i wouldn't jump into forex, it is hard for me to learn it until now and i don't know can success in that or not. Some people maybe good in everything but others are not. And me is one who not do forex. I will say forex is good but have bigger risk.
well, many people trade as another way to generate bitcoin. many people succeed in this field, and become professionals. but, there are also many people who fail at this. however, trading has almost the same reciprocal impact. so, you can produce bitcoin in this case, but you can also lose comparable assets. experience is what is needed here.
All forex trading platform is offer margin trading with leverage, with leverage we can maximize the profit but also the risk will be higher. In forex trading we have to know how many leverage and lot to use to avoid big risk. And the normally target profit for forex trading is 20%-30% a month. Use low leverage so we can avoid high risk, and the broker for forex trading that allow to make deposit and withdraw with Bitcoin is SimpleFX and FX open.
For now i wouldn't jump into forex, it is hard for me to learn it until now and i don't know can success in that or not. Some people maybe good in everything but others are not. And me is one who not do forex. I will say forex is good but have bigger risk.
I have tried Forex trading before and the results were not encouraging. Everything depends on luck, since the market is highly volatile. If you are lucky, then there is a chance that you'll end up with a good profit. If that is not the case, then you may see your life savings vanish in a matter of hours.
I dont think the foreign exchange market is easy to analyze. I suppose in order to trade forex, you need to have many relationships. It's a very difficult money market and I've been involved. As if I'm not familiar with it but it's really confusing. Investing in the Crypto market will be better than Forex.
I think forex and cfd shared a same high risk with crypto trading, and why we need to look for another alternative, it xan split our focus and we can missed the big chance, and forex trading need a lot of money to earn, plus its centralised trading, I need to report all of my fund if I want to trade in forex, so its not a good idea for me
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.
The important thing is to look for alternatives, and this is one of them.
i always trade forex and commodities when bitcoin and altcoins are in a lull. it helps pass the time, and there are/were great bitcoin-only brokers who offered CFDs.
unfortunately, it looks like things are changing for the worse: https://www.sec.gov/news/press-release/2018-218
1broker has been shut down---the FBI seized its domain earlier today and they are being charged by the SEC and CFTC for offering swaps to customers in the USA without proper registration and licensing.
this does not bode well for other unregistered CFD brokers like simplefx. if you have funds on any brokers like this, i would withdraw ASAP!
interestingly, 1fox (1broker's bitcoin futures brokerage) is still up. if you still have funds there, i would remove it immediately as well. any funds held at 1broker are lost though.....
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.
The important thing is to look for alternatives, and this is one of them.
i always trade forex and commodities when bitcoin and altcoins are in a lull. it helps pass the time, and there are/were great bitcoin-only brokers who offered CFDs.
unfortunately, it looks like things are changing for the worse: https://www.sec.gov/news/press-release/2018-218
1broker has been shut down---the FBI seized its domain earlier today and they are being charged by the SEC and CFTC for offering swaps to customers in the USA without proper registration and licensing.
this does not bode well for other unregistered CFD brokers like simplefx. if you have funds on any brokers like this, i would withdraw ASAP!
interestingly, 1fox (1broker's bitcoin futures brokerage) is still up. if you still have funds there, i would remove it immediately as well. any funds held at 1broker are lost though.....
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.
Forex = Heavy centralized one, Fiat transactionsThat 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.
Crypto= Centralized(some exchange) but you can opt out to be anonymous on having no KYC, direct crypto deposits
Profitability?
High volatility means High profit but well it would really exchange into higher risk on losing money too but havent you notice that even forex traders jump in into crypto market because of profitability?
This alternative is always there and money will be as long as it is. But the reason people move towards crypto trade is more volatility which means more earnings. In addition, there is a big difference between trading in forex and bitmex.
Forex is very risky, it is even riskier than crypto trading. In addition, the most Forex traders prefer trading fiat currencies or digital assets, not cryptocurrencies. I prefer to keep trading Bitcoin with cryptocurrencies or just the traditional way by selling/buying with fiat money.
I agree with you about the high risks in Forex and add that here it has never been possible to earn as much as the market for crypto currency, although the risk is identical. In this case, the high volatility of the crypto currency is beneficial for traders.
Forex is very risky, it is even riskier than crypto trading. In addition, the most Forex traders prefer trading fiat currencies or digital assets, not cryptocurrencies. I prefer to keep trading Bitcoin with cryptocurrencies or just the traditional way by selling/buying with fiat money.
Crypto market is way easier to trade than forex. In general, when a lot of people started to ask about different ways to earn BTC it's a good sign that the bottom is close 
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