Topic: Spot Crypto vs. Forex: Choosing Your Path to Prosperity (Read 160 times)

I think you would get two different results at two different places when you ask this. If you ask it here, then bitcoin will be the answer because it is the bitcoin place, and if you ask it at some forex forum then they will say forex is the answer. Of course, that is not going to be easy to decide, and we are going to end up with some different results.

It should not be all that crazy to see people having trouble deciding, because they are both risky. But, there is no long term holding at Forex, and that is what I like to do with my earnings. Sure I trade, but my goal while trading is getting more bitcoin, and then I hold it, and make money from that too. Forex doesn't give that option so I keep it in bitcoin trading.

Well making it in financial markets whether you're into spot crypto or forex is a mix of savvy moves. Forex is about juggling risks with leveraging like potential gains are big but so are the risks while spot crypto is more about holding onto assets and riding the market's growth wave. Long-term wealth like the stories of Warren Buffett and Jesse Livermore comes from grit and sticking to smart, long-term strategies. It's not just about quick wins, it's about playing the long game for eventual success

Forex and crypto trading have different risks.  You have to really get to know them before diving in.  It's not impossible that you will lose everything overnight when trading crypto if you don't know anything about the coins you hold.  You still have to analyze it first, and you can't rush it.

You may think that Luna is a good coin, but in my opinion it continues to fall every day and there seems to be no improvement at all in price.  You must do an analysis first before taking action.  Hearing what people say will only make you lost and take the wrong path.

In trading, both forex and crypto, knowledge is the key for success.  Without knowledge you are like a gambler who only depends on lucky.  Apart from that, you also must have a clear emotions and thoughts so that you can think before acting.  If you don't have those two things, please stop for trading before you get lose.

Of course - you and other users have different preferences and that's okay. You and the average crypto community prefer trading crypto over forex - it's normal, but it's a bit less normal that you tend to favor trading stocks or forex when you have more established knowledge and skills in crypto.

Spot trading never promises to be free from the risk of loss - in fact some traders may get caught in pump and dump schemes if they fail to carry out good analysis. Not all assets traded on the spot market have good potential in the long term - some of them will lose trading volume and be delisted by exchanges. So - do your own research and don't ignore the risks.

Spot trading are more flexible with a lesser risk since you are playing by your analysis and not just about the market trend and hype.
Forex are too risky for me as well, because I have limited knowledge about it and also it moves like a futures where I also limit my exposure since I always do spot trading. I'm into crypto now and trade more here in market because there's a huge market here and the market is open 24/7 where i can still place my position even after my work, for me crypto are more flexible now compare to stocks and forex.

In order to do Forex trading, the trader needs to have deep knowledge about Forex, because it is difficult to stay right here if one does not have proper knowledge about the market and the trader has to keep a close eye on the latest news of the market. And trading in crypto spot market is much easier than forex if the trader has good knowledge about crypto, on the other hand even experienced traders struggle to make profit in forex based on any sudden financial news. So if a trader has enough knowledge about the financial market then that trader can do well in both forex and crypto. Because I know a forex trader who is now into crypto trading and he is now making good profits in both places.

It would be hard to believe that you would have such a strong interest in forex when you have been in the crypto community for such a long time. I would recommend spot trading to anyone who wants to learn trading instead of other trades such as futures trading. These two methods can provide profits for traders, but with different risks.

Over time, traders may try several other trading methods, not just spot trading. As long as they understand the risks involved and are able to bear the losses, there is no harm in trying some new approaches that also make profit.

Spot crypto is like the stock market while Forex is like the crypto futures market. OP drifts just everywhere confused between stock vs forex. Warren Buffet is into stock market.

If a trader just wants to invest and wait for the market bull run, crypto spot market is the way, regardless of which coin as long as it ranks above the CMC, it will skyrocket and profit will be right for picking. But beware also of the bear market, because holding those tokens and coins will result in huge losses as well.

        -   I think that spot crypto and forex are the same and can generate profit, but of course, if you have deep knowledge, that should be your first priority so you can balance them. However, if you have the same knowledge, you can also join, as long as you can handle it.

Forex and crypto trading are really potential sources of income. But you should know that our progress in life still depends on the knowledge we have and the decisions we make.

Anyone who can open $50K per trade can definitely realize that a small continuous profit is much better than a quick, unguaranteed profit because it is possible to lose the money you earned with your effort.

newbie Forex traders have $100 or $1,000 and want to convert it into $10,000 quickly. This may result in them losing all of it, which means that they will return again next month and try to repeat the same thing. What happens is closer to gambling than trading.

Forex trading, with leverage, becomes more risky than long-term investment in Bitcoin, despite everything that financial analysts tell you about the risk of investing in Bitcoin.

Well, it's true that forex trading can be very risky if done without care. You see, the leverage system in forex can be good or bad, but as long as you're raising the leverage, the profit will be greater, even with a slight movement. Of course, the risk is also getting higher, which means that even with a slight downtrade, you will see a huge possible loss. So if you are a trader who can't control themselves and sometimes has restrictive thoughts, then you better stay away from forex, especially the leverage. While crypto trading is also risky, just stay away from futures because with one wrong prediction, all of your funds can be robbed. Any of the two has risk and also benefits; it will depend on where you are comfortable. Just focus on one, as you can mix up the strategy and get confused, and also mastering one trading type is more advantageous.

I prefer prefered crypto trading on spot when compared to forex which uses a leverage system that can MC at any time and run out all the money we trade. if trading in the spot market if our analysis is wrong we can still stake the coin to get additional income.

I don't trade in forex and that's true with what I've read about it. It's like a gamble. The same goes for crypto not in the spot but in the futures. So, you choose where you are comfortable trading with but if there are none of the options, you can always choose to be a holder.

That is why if there is a forex trader that I've seen, I'm somewhat amazed if they're really profitable at all but this is the internet and social media glory days where everything you see aren't sure.

They might just show their wins for them to attract more referrals and that's deception. Anyway, I wouldn't go into forex as of now as I can't take the risk that it has.

Forex trading is profitable though only 5% traders are successful in trading  of course the remaining percent are losers who lost their account as a result of lack of adequate knowledge of trading both fundamental and Technical Analysis and most of them wouldn't want to learn and put in more effort towards learning it, meanwhile experience traders used small lot or leverage to trade for instance trading with 0.5% of $50K per trade to earn x2 or x3 profit per trade is a very good money management technique unfortunately many newbies traders never learn how to manage their trades even with a working trading strategy instead they would trade with a very high leverage and ended up losing their account.

Forex trading is not profitable, as if you buy the dollar or the yen and wait for political changes to occur and you buy and sell, the profit margin will not exceed 5%, but in Forex trading, leverage and margin are used, which makes the possibility of winning 20% much easier, but the financial leverage will make it easier to lose your money, so it is done. Warning traders about leverages of x10 or more so there are demo accounts for those who want to learn. using leverage without knowledge is like gambling because it means losing your money quickly.

I don't think that forex trading is like gambling, it's just that this type of trading traders will not survive or make a profit if their trading skills are very minimal, that's why many forex exchanges provide demo accounts so that new traders can start by first learning this type of trading before directly making a deposit, so it will be like gambling when starting without proper knowledge and also actually with spot trading in crypto, it's just that you can hold the coin longer when the market does not go according to the analysis but any kind of trading that is started without proper knowledge is the same as gambling, and spot trading in crypto can also make you bankrupt if you trade with money that you cannot afford to lose so saying this is the kind of trading that can be chosen to seek wealth is misleading information.

Doesnt matter whether you make yourself getting involved with forex or crypto on which both do holds that certain risks. They do only differ when it comes to volatility
and just like on what been said above that investing on LUNA? It is really just that a gamble but if you do have that kind of risks taking urge then you can buy those coins but of course
dont expect that it would shoot up into the moon. Going back about dealing with crypto or forex, then success would really be that depending on how well you do handle yourself into
this market. Outcomes and results will really be determined on how well you do handle yourself into this space. This is survival of the fittest in between buyers and seller.
Wont be able to make such profit? then you are just basically doing it wrong.

Do not promise someone that you will make a profit from investing in cryptocurrencies with low market capitalization such as LUNA. Despite the possibility of making quick profits, the possibility of losing all your money is very real.
Especially since some of these assets dropped to zero overnight, you can work hard for 3 years to collect $200,000 and lose it in a day.

The best advice you can give to a beginner is to invest more than 4 years in Bitcoin and develop himself to use part of the profits to invest in altcoin.

If you enjoy gambling, consider trading forex; if you seek wealth, opt for spot crypto. In the recent past, the crypto market has seen many individuals with small capital achieve their dream lifestyles, including owning homes and cars, with notable examples such as LUNA holders. Crypto has provided significant opportunities for those who take it seriously and dedicate time to it. Engaging in activities like AirDrop, Retroactive, CM, BD exchange, or becoming an affiliate for a platform can lead to financial gains.

Crypto has opened up numerous job opportunities, although some may initially dismiss this market. The key difference between Spot Crypto and Trade Forex lies in the use of Margin - leverage. Trading forex with leverage involves risks such as wiping out your account balance. Leveraging forces you to cut losses and can make holding positions more challenging due to overnight fees.

Trading forex requires careful consideration of events like Fed meetings or relevant news affecting the currency/gold/oil pairs. The high volatility in forex can lead to substantial gains or losses within a short period. Making money in forex demands time, effort, emotional control, and capital, requiring 3-5 years to achieve stability.

For those venturing into forex, the solution lies in focusing on fewer trades, understanding capital management, and mastering emotional control during trades. On the other hand, spot crypto involves holding assets. It's a young market with significant growth potential, and with a small capital and short time frame, one can change their position effectively by riding the accumulation trend and cashing in profits.

To accumulate wealth, luck plays a role, as investment outcomes are not always predictable due to the ever-changing nature of markets. The key to maintaining wealth lies in perseverance rather than seeking quick gains. The stories of financial legends like Warren Buffett and Jesse Livermore emphasize the importance of sustaining wealth through disciplined and consistent strategies.

In conclusion, the formula for success involves respecting the market, acknowledging the possibility of mistakes, and living long enough with the market to ensure eventual prosperity.