forex trading vs cripto trading | Bitcointalksearch.org

LUCKMCFLY

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Quote from: magnum1010 on November 10, 2021, 11:30:00 PM

Quote from: Lucacrebbe on September 09, 2017, 10:42:47 PM

Which is the best for day trading in your opinion in terms of reliability and profit? In terms of profit maybe the cripto, but in terms of reliability Forex. Cripto is like gambling I suppose, you have to check the trollbox, the news and hope to jump into the train fast enough to not be burnt.

Actually, I don't do scalping as I consider this strategy to be senseless. If comparing trading crypto to forex, I would rather choose Crypto as it is more volatile and it means a bigger potential profit. I prefer buying futures with leverages as it can give additional profit. But we have to be up to date all the time if we want to trade crypto.

I would say that for trading each market has its own rule, in the case of forex it is redeemable the fact that its volume is much more consolidated while the volume in crypto is not, in forex there is not as much price volatility as there is in crypto , and I also think that to enter forex the KYC they demand is much more radical than the one they ask for in crypto exchanges, and it is very unpleasant that you do forex trading and cannot withdraw your money for not meeting all their requirements, it would be A waste of time, while in crypto it is not like that, some ask for your KYC and when you spend it, withdrawals can be made without any problem.

Hobo66

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Both forex and cryptocurrency trading are financially viable in my assessment. You can use both of them to your actual benefit. However, one thing to keep in mind is that, in comparison to forex trading, crypto trading is much more unpredictable, but it will yield more reward even though the risk is higher. For individuals who are new and interested in trading, forex is a good alternative.

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Quote from: Lucacrebbe on September 09, 2017, 10:42:47 PM

Which is the best for day trading in your opinion in terms of reliability and profit? In terms of profit maybe the cripto, but in terms of reliability Forex. Cripto is like gambling I suppose, you have to check the trollbox, the news and hope to jump into the train fast enough to not be burnt.

I also really want to know more and the difference between cryptocurrency trading and forex trading. I will really be glad if can have more clarification from my senior colleagues.

magnum1010

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Quote from: Lucacrebbe on September 09, 2017, 10:42:47 PM

Which is the best for day trading in your opinion in terms of reliability and profit? In terms of profit maybe the cripto, but in terms of reliability Forex. Cripto is like gambling I suppose, you have to check the trollbox, the news and hope to jump into the train fast enough to not be burnt.

Actually, I don't do scalping as I consider this strategy to be senseless. If comparing trading crypto to forex, I would rather choose Crypto as it is more volatile and it means a bigger potential profit. I prefer buying futures with leverages as it can give additional profit. But we have to be up to date all the time if we want to trade crypto.

mitchr4

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Quote from: Fakhrulenclix on November 10, 2021, 03:52:29 PM

You say crypto is like gambling, I don't think it is like gambling. In trading between crypto and forex, I prefer crypto to make money. I think crypto is different from forex, although both are also trading systems, for me crypto is less risky.

I think it's wrong, if you compare Forex and Crypto, of course the riskier one is Crypto. If we trade with Crypto, the price movement is volatile, it is difficult to predict and there are many factors that can affect it. Indeed, crypto brings bigger profits but also has a big risk too.

Why forex has lower risk than Crypto, for example price changes within 24 hours on Forex can be less like 2-10% (not like crypto which can change more than 100%). Because only trading with foreign currencies whose price movements are only influenced by the economic situation of a country even the world economy.

carlfebz2

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Quote from: savetheFORUM on November 10, 2021, 04:48:51 PM

Quote from: Lucacrebbe on September 09, 2017, 10:42:47 PM

Which is the best for day trading in your opinion in terms of reliability and profit? In terms of profit maybe the cripto, but in terms of reliability Forex. Cripto is like gambling I suppose, you have to check the trollbox, the news and hope to jump into the train fast enough to not be burnt.

Both of them are the same, but I wouldn’t say that they are gambling. In gambling you’re counting on your luck, but here you have to put in actual work by analyzing the market to know what should be your next option. You have to read the news, and a lot of things to be able to know what you’re doing in a cryptocurrency market or forex trading.

As for which of the two can realize more profit for you, we all already know that crypto currency is where you are going to get more profit, because we have seen stories of people who were able to go from nothing to becoming millionaires in just a little time by investing in cryptocurrency. But, you don’t hear such stories when it comes to forex trading, so cryptocurrency is the best when it comes to which place you’re going to realize more profit.

Same on the sense;

1. Market movement
2. Indicators used
3. Buy low Sell high

They differ on.

1. Volatility
2. Centralized vs Decentralized
3. Recognition

Doesnt matter on which market you've been dealing with.What matter most is that
you do know on how to sustain yourself in the market.

Fivestar4everMVP

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I personally have not been very active in trading most of the times I've been in this game, but I've definitely tested both waters and what I observed was that Forex trading requires a much more little fund as capital to start and good daily profit is guaranteed if you know what you are doing, but for crypto trading, one need alot of money to begin with if profit will ever be tangible, most especially in spot market.
But on the other hand, Forex trading is more riskier than crypto trading, this is to say that making money in crypto trading is much ore easier than making money in forex trading coupled with the middle men like the brokers who are going to be getting a good cut from your profit as well.

savetheFORUM

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Quote from: Lucacrebbe on September 09, 2017, 10:42:47 PM

Which is the best for day trading in your opinion in terms of reliability and profit? In terms of profit maybe the cripto, but in terms of reliability Forex. Cripto is like gambling I suppose, you have to check the trollbox, the news and hope to jump into the train fast enough to not be burnt.

Both of them are the same, but I wouldn’t say that they are gambling. In gambling you’re counting on your luck, but here you have to put in actual work by analyzing the market to know what should be your next option. You have to read the news, and a lot of things to be able to know what you’re doing in a cryptocurrency market or forex trading.

As for which of the two can realize more profit for you, we all already know that crypto currency is where you are going to get more profit, because we have seen stories of people who were able to go from nothing to becoming millionaires in just a little time by investing in cryptocurrency. But, you don’t hear such stories when it comes to forex trading, so cryptocurrency is the best when it comes to which place you’re going to realize more profit.

Issa56

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You know what both forex and cryptocurrency trading are profitable and lot's of people are into cryptocurrency and lot's of people are in forex and they are making thier money and lot's of people are also in Cryptocurrency and they are also making thier money but to me I prefer cryptocurrency because I make my money from trading and I have my strategy that works for me and I still believe the risk in Cryptocurrency is very low compare to forex trading so if am advising you I will tell you to star cryptocurrency trading.

Fakhrulenclix

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You say crypto is like gambling, I don't think it is like gambling. In trading between crypto and forex, I prefer crypto to make money. I think crypto is different from forex, although both are also trading systems, for me crypto is less risky.

Alisha FR

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Quote from: Lucacrebbe on September 09, 2017, 10:42:47 PM

Which is the best for day trading in your opinion in terms of reliability and profit? In terms of profit maybe the cripto, but in terms of reliability Forex. Cripto is like gambling I suppose, you have to check the trollbox, the news and hope to jump into the train fast enough to not be burnt.

For me it is safer to trade in crypto, even though both are money exchange for money but I see profit and crypto is lower risk than forex. I used to trade in forex, but because the trading management couldn't be controlled properly so I lost everything. Very different from crypto, it is very less likely to lose everything we invest.

Koro-Sensei

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Quote from: zaesvlas on November 10, 2021, 10:00:27 AM

Everyone chooses what he likes best and what he understands more. It's quite simple and straightforward.

Yeah but in comparison with the two, I'd prefer the more advantageous market having more opportunities than other. The two have similarities specially how its price where determined. The two is driven by a supply-demand balance. The price of specific coin is determined by this where the more demand having less supply means upward projection of price and vice versa. However, the two separates in style of trading. While forex trading trades on Fiat Currencies, Cryptocurrency digital currencies backed by companies and its community.

zaesvlas

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Everyone chooses what he likes best and what he understands more. It's quite simple and straightforward.

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Quote from: Lucacrebbe on September 09, 2017, 10:42:47 PM

Which is the best for day trading in your opinion in terms of reliability and profit? In terms of profit maybe the cripto, but in terms of reliability Forex. Cripto is like gambling I suppose, you have to check the trollbox, the news and hope to jump into the train fast enough to not be burnt.

No its not. Cryptocurrency is not a gamble if and only if you know about the project. Lots of legit projects are out there offering real life usage and innovating for the future. Projects like DeFi and Play-To-Earn are now a thing too that is building a future of banking and work. You just have to research the project, its background and the team behind it. Crypto futures is the gamble though.

trickys

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There's too much hype around crypto now so many wanna-be traders rush into trading cryptos.
As we can see from the past there's a lot of scam going on with crypto. And new cryptocurrencies pop up on a daily basis.
On the other hand with forex, it's more transparent and straightforward; we mainly trade the majors and don't expect eur/usd to plummet 10% of out the blue as an example.

rahmatullah9305

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Quote from: techindo on September 10, 2017, 12:53:59 AM

Crypto like ia gambling ? LOL , if you buy altcoin you have unit altcoin that. you will not lose after buying even if the price goes down because you have unit. You will lose if you sell your altcoin when the price goes down, the loss or gain is made only by the trader itself not another person or a third party as an intermediary.

True, trading in Crypto is not gambling, but exchanging fiat for digital currency. That is, when the price of altcoins goes down it doesn't make us lose all our money. And to prevent the risk of loss, we can hold it until the market is stable.
Unlike the Forex we can even lose all our money in a short time if the analysis we do is not correct.

strunberg

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Quote from: checkmatesir on August 02, 2021, 09:51:13 AM

In my opinion crypto is not a gambling and it is just like business but people take at as a source of gambling or even gamble. So, in my opinion crypto trading is also a good one if you have patience then definitely it will give you much profit.

i am not agree while heard any one said crypto as gambling, they didnt know how to analize any project by doing hard screening to alot coins in market. we were doing alot analisys before decided buying any coins and its totally far from gambling description which is didnt need any effort to analize projects.

carrigan

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According to me to see which is better of the two trades is not only seen from the problem of profitability but also liquidity and volatility in terms of crypto trading vs forex trading. Forex can offer more liquidity while cryptocurrencies are usually known to be more volatile, which can mean higher rewards with higher risk. Besides that, you also have to adjust to the flexible time with you, whether you will take a more relaxed forex trading or face fierce competition in crypto trading. Adjust to what you feel comfortable.

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I personally before Trading Forex to trading crypto because forex is more applicable to my trading strategy and it is easier for me to have an edge while trading Forex. Unlike crypto that does not really work well with my strategy and is very volatile.

markdario112616

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Why not do both? To be fair, both fields are good. Well forex has an edge over Crypto, but if you really want to explore and try new things then I suggest you go for Crypto. In trading, risk is always play a Big part especially as a starter, decision making and etc.

If you somehow want to feel secure and a bit of higher chances on winning trade then go for forex. But, if you want to challenge yourself and somehow an spare money that you think you can afford to lose then try Crypto.

Key in trading is patience and good date collection/gathering. Be aware of everything when it comes to trading and be vigilant on every actions and decisions you will make.

Topic: forex trading vs cripto trading (Read 2354 times)