If you're bad at trading crypto, forex might be easier

Renampun

sr. member

Activity: 2338

Merit: 365

Quote from: jackg on January 08, 2021, 07:40:59 AM

...

What you are saying is very true, it is not easy to be able to analyze the direction of the cryptocurrency market, it is really volatile...
My basic is trading stocks and forex, I find it easier to follow the analysis of the price direction of a stock or currency value because there are many analyzes that we can follow. If you are not able to trade cryptocurrencies every day then make cryptocurrency a long-term trade.

Igebotz

staff

Activity: 1316

Merit: 1610

The Naija & BSFL Sherrif 📛

Quote from: rokon1234 on January 08, 2021, 10:48:45 PM

I have no experience with forex trading.but,i will definitely try forex trading

Do not try what you don't know we are talking about money here don't do hips and jump with your assets if you don't have the basic knowledge of crypto trading then you already at a disadvantage where you are likely to lose everything. Well is still possible to know Forex and still don't understand crypto trading verse visa. I do crypto trading but the only thing I know about Forex is the 5 workdays. You don't trade during weekends.

Please no one is easier it all depends on individual differences.

jerry0

full member

Activity: 1750

Merit: 186

Is forex a lot harder or easier than crypto trading? From what i see, it seems like when all coins in crypto goes up... any coin will go up. The same vice versa. Is forex similar?

rokon1234

member

Activity: 462

Merit: 16

I have no experience with forex trading.but,i will definitely try forex trading later and i think no trading is easier.because,every trading have risk.

jackg

copper member

Activity: 2856

Merit: 3071

https://bit.ly/387FXHi lightning theory

Quote from: youdacapt on January 08, 2021, 05:34:22 PM

I think this is a bad idea lol; forex trading is more complex than crypto currency trading so for you to delve into forex trading you need to first understand how crypto currency trading works and its interpretation be it technical analysis or fundamentals analysis; so that you can have a smooth transition.

But it's so much easier if you're used to crypto trading already was my main point. It's just an alternative that seems to be easier (for me).

Quote from: LUCKMCFLY on January 08, 2021, 04:06:22 PM

What I like is that in Forex it has consolidated volume, which is essential when it comes to taking into account for trading, it is always good to have a type of diversification in terms of trading, it is always interesting to try new markets.

Yes! This!

Diversifying is always the key to investing with a lower overall risk.

Quote from: dunfida on January 08, 2021, 03:40:22 PM

forex and stocks traders myself

Also about market availability, nothing beats out that 24/7 than on 5 days a week in forex. They do close up markets!

I think my forex market is 24x5 which is decent enough.
Also stocks require a lot of fa with them as well, a lot of ta stuff doesn't work fully on its own without a check to see what recent news is doing for a company.

BigBoy89

legendary

Activity: 1512

Merit: 1011

Quote from: jackg on January 08, 2021, 07:40:59 AM

There are a lot more "patterns" in forex that seem to make sense based on my own strategy so I'd recommend if people are having issues trading crypto with larger swings coming, you might want to move across.

You can always still use your profits to buy bitcoin at certain points (eg once a week).

I was looking at this in advance for when I need to find something to do if bitcoin starts crashing again (it hurts to see something fundamentally bullish and innovafing fall rapidly and turn investors away so I just ignore it).

Totally agree with you!

IMO Bitcoin (and other cryptos) markets are run much more on speculations than "patterns".

My solution is: Crypto = arbitrages, Forex = trading.

youdacapt

sr. member

Activity: 1862

Merit: 295

GOD is TRUE

I think this is a bad idea lol; forex trading is more complex than crypto currency trading so for you to delve into forex trading you need to first understand how crypto currency trading works and its interpretation be it technical analysis or fundamentals analysis; so that you can have a smooth transition.

LUCKMCFLY

legendary

Activity: 2548

Merit: 1873

Leading Crypto Sports Betting & Casino Platform

What I like is that in Forex it has consolidated volume, which is essential when it comes to taking into account for trading, it is always good to have a type of diversification in terms of trading, it is always interesting to try new markets.

dunfida

legendary

Activity: 3122

Merit: 1140

When it comes to volatility then you can really make out comparison between forex and crypto.I cant say that you would really be having some advantage on forex market due to low
volatility but it isnt really still an easy job to do. It might be lesser but doesnt mean that technical would really be nearly precise.Ive been a forex and stocks traders myself
but i did jump into this market because in talks of profit then this crypto is much more interesting but of course you would be putting more risk into it.
Also about market availability, nothing beats out that 24/7 than on 5 days a week in forex. They do close up markets!

GreatArkansas

legendary

Activity: 2338

Merit: 1354

I agree! Volatility on cryptocurrencies are extremely high compare with Forex.
I also saw some traders who are coming from Forex and tried or started to trade cryptocurrencies, some of them have become worst when they start to trade cryptocurrencies.
I remember this one guy who owns a paid telegram channel which he really dominating in trading Forex and he starts to do crypto, he only lasts around 6-8 months trading cryptocurrencies.

jackg

copper member

Activity: 2856

Merit: 3071

https://bit.ly/387FXHi lightning theory

There are a lot more "patterns" in forex that seem to make sense based on my own strategy so I'd recommend if people are having issues trading crypto with larger swings coming, you might want to move across.

You can always still use your profits to buy bitcoin at certain points (eg once a week).

I was looking at this in advance for when I need to find something to do if bitcoin starts crashing again (it hurts to see something fundamentally bullish and innovafing fall rapidly and turn investors away so I just ignore it).

Topic: If you're bad at trading crypto, forex might be easier (Read 108 times)