forex trading vs cripto trading - page 6.

buwaytress

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Quote from: Peterson60 on September 11, 2017, 02:59:30 AM

Cryptocurrencies can be even for people who are not that familiar with the market and how it moves, they just predict that the price will go up in the long run and that's it. But with forex? That is hardly possible.

Believe me, a lot of people unfamiliar with forex jumped in anyway. I recall even in the early 2000s when e-gold and Paypal, and then later even Liberty Reserve were easy to access, people were flooding to forex sites with accounts giving $5 no deposit bonuses. Suddenly it was easy to see your money double on margin trading, people were just doing long or short randomly. The experts and the signal sellers were plenty, 10 pips a day for double your money in a month.

Much of the same is happening with crypto, I feel. Even without margin trading, you have those satoshi pumps. Just scout around the forum especially in Speculation threads. Pump groups. Signals. Bots. So much of the old forex pattern emerging.

Peterson60

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Cryptocurrencies can be even for people who are not that familiar with the market and how it moves, they just predict that the price will go up in the long run and that's it. But with forex? That is hardly possible.

metenjean

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Quote from: Lucacrebbe on September 09, 2017, 09:42:47 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.

If you're looking for day trading, then lots of volatility would be a best choice, so i think i would prefer cryptotrading for day trade. Everything can be gamble if you dont have a plan to execute or exit your trade.

Quote from: Cactushrt on September 11, 2017, 01:06:41 AM

I think they are not the same in forex trading you can loose your money if your speculation is not right on crypto trading you can wait for the price to become higher before you sell it

Then when the price fall you just wait until it become higher, but at that time you already lose your money in different perspective. If you dont close your position then you dont lose it, its just a different using of word. The thing is forex trading using margin while crypto trading more like stocks trading, forex trading didnt use all your equity to trade while you can double the size of your position while crypto trading depend more on less on your equity unless you're trading BTCUSD on other forex platform.

Cactushrt

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Quote from: ?? on ??

Trading is trading, just different volatility.

I think they are not the same in forex trading you can loose your money if your speculation is not right on crypto trading you can wait for the price to become higher before you sell it

Nahl

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trading required knowledge because this is basic thing to starting it and i would like to says crypto trading is more profitable
because i have not knowledge to started forex trading

marky89

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Quote from: Lucacrebbe on September 09, 2017, 09:42:47 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'd say that with both forex and cryptocurrency, you need to be aware of fundamentals -- or at least dates where fundamental events are happening (e.g. non-farm payroll data release for USD forex pairs, or when a BTC fork/update is occurring).

One thing to consider is the reliability of the trade engine and API. Forex is much more reliable in this respect. Crypto exchanges, by comparison, are pathetic -- constant outages, mismatched orders, unresponsive APIs, unexecuted stop losses. This can cause massive losses and it happens across all exchanges. GDAX, for all its licenses and emphasis on compliance, is one of the worst offenders.

energico

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I suppose for crypto trading. That's fun and blockchain is awesome. Crypto world still in early stage so become adventure still have more fun than FOrex-oldman

randythered

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In terms of overall profitability I would suggest the crypto market as it is a lot more untapped, with less experienced traders and less sophisticated trading bots. However the crypto market is also a lot more volatile and a lot less predictable in my mind, therefore the risk is much greater.

realm

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in crypto you have more inexperienced traders which can lead to bigger gains but also to more irrational behaviors, translating to bigger loses. It's a high risk high gain market.

000JC88

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With cryptos you can do easily x8 your money or lost your money /20. In forex you can't do a ton of money but if you have patience you can do some...

Zadicar

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Quote from: Lucacrebbe on September 09, 2017, 09:42:47 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.

If you do base on trollbox on an exchange then most likely you would end up on losing your money for sure because the things mostly you can read on that place are just pure shills by those coin owner and if you did jump to that coin for sure it would really be like gambling at all because you didnt even sure if the coins has potential. Comparing crypto and forex is really different.

bitbunnny

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I've heard from my close friends about very bad scam scheems connected with Forex so I don't have trust in that. To my opinion is better to try with crypto trading. It's risky too but it's more or less up to you how you will manage that risk and at the moment I think it's more profitable than Forex. But it's up to you, you should make your decision after deep exploring of both options.

muncuss

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crypto trading is more easy than forex. In forex you must deal with such chart and other complicated things for getting profit, but in crypto trading, just hold some potential coin and you will get profit.
I don't know but i don't really like forex, i see crypto trading is more natural trading (buy low, sell high) than forex.

BigBos

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I prefer to do crypto trading in forex trading, because crypto trading has more chances in getting profit. but, for now, I do not do it, because I focus more on investment than trading.

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Quote from: Lucacrebbe on September 09, 2017, 09:42:47 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.

at least my money is not fast burned in forex because forex needed big money to start, its different than trading crypto currency. we can start with small amount and from that, we can increase our balance. trollbox is only for people which want to make pump and dump and its like a gambling for me and i won't suggesting to that way. i'd prefer to analyze by myself before i make decision to buy or sell the coins. trading crypto currency is really good even for newbie in their first time in trading.

AtlasFound

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Why not invest in both? Diversify your portfolio and have high-risk with crypto and low-risk with forex? My plan is to diversify my trade income streams among many different markets, but one thing for sure is that the biggest reward and risk so far has been crypto for me, but goddamnit do I love it!

One day you can be up 20% in an hour, or 50% below in a just few, so it just really depends. I think that really getting intimate with each market, whether it's reading articles, twitter accounts, telegram groups, buying signals, or just doing your own research (which is always the best in my opinion) will make you a smart, informed investor.

To be forthright though, I'm a long-time investor, but I also day and swing trade on the smaller coins I think are going to moon.

So the bottom line for me is, forex seems to be safer moves while crypto is a great place to buy below market value on the dips that which then can be capitalized when the run ups happen.

gribble

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Of course i choose crytos currencies trading than fiat currencies trading or forex because trading in cryptocurrencies are like trading stocks, it is new digital asset the values will be more rise in the future and trading forex is more high risk losing than trading cryptocurrencies, on trading cryptocurrencies if we have made wrong prediction, we still can hold for long term, but on trading forex we can not do that.

Yuuto

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Quote from: Lucacrebbe on September 09, 2017, 09:42:47 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.

With crypto the worry is on spread and liquidity, and most of the times the pumps are completely illogical and irrational to start with. Crypto is more emotion whilst forex is more politics, regulations, and lawmaking.

Really depends on your risk appetite, if you like to have high risk high reward then go with crypto. If you are experienced enough with the forex market then you could flip some profit by using leverage or even binary options(closer to gambling though) as well.

I personally prefer crypto, simply because i've never had experience with forex. With crypto there is a lot of patience involved. Checking the trollbox for FUDsters is the worst thing you can do imo.

frowsiter

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That is what we do in both type of trading. You have to be always there to read the news, trollbox and stay updated with the market by all means. This is the way everything works when you trade.

There is stability as well as reliability in the crypto world no matter what happens with pump and dump stuff. If you choose right coins then they are always growing in the long run. You can trade these coins very easily in long run and which can give you profits as much as 50x than your forex kind of trading. That has to be separate from forex because the later one don't have that much potential. Risk is always involved in both the trading ways.

Hui8

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Quote from: Lucacrebbe on September 09, 2017, 09:42:47 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 think I will choose day trading of crypto world because it is giving me more profits and I don't think forex has got that much potential really. Forex I have not tried ever but I know the market is very small in terms profits and you are always on fire about your open trades. They can fluctuate a lot in short time and can take lots of time to recover from the loss.

In case of crypto trading we have got all possible reasons to stay profited all the time with different ways. The projects are always high in the value and fluctuated market can recover very fast as compared to other markets.

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