I would still stick with crypto trading, no hassle, just create and account and then you can start.
The KYC thing is only for serious trader and crypto is both for KYC and non KYC interested trader, we like to trade crypto because it's a new
thing in the market and we believe it has a chance to grow bigger in the near future. Also, good feature is that the price is so volatile.
Topic: Trading Coin - harder or easier than trading Forex? (Read 199 times)
Trading in crypto is much easier because of volatility. for example, at the moment when bitcoin hits 3500/3600, it's very easy to tell that the next move is going to be 3800 toward 4000
Stock trading also uses leverages which if you are not careful with you can easily lose all your money
Stock trading also uses leverages which if you are not careful with you can easily lose all your money
Both might have the same concept but when you tried up to trade on both things you will really notice the difference when it comes to difficulty.
• Fundamentals - Forex do actively reacts with news / Forex will be either affect or not
• Technicals - When it comes to precision or plausible right movement forex do somehow follows
• Volatility- This thing which really differ the most- Both are risky but with price swings, crypto can blow you out in a short span of time.
• Fundamentals - Forex do actively reacts with news / Forex will be either affect or not
• Technicals - When it comes to precision or plausible right movement forex do somehow follows
• Volatility- This thing which really differ the most- Both are risky but with price swings, crypto can blow you out in a short span of time.
Bitcoin trading is very different from forex trading even though both of them carry the theme of trading. In forex trading we know two terms namely Long and Short which means Long means targeting prices to rise to generate profits while short has a target when prices go down to get profit.
Long and short applies to everything that's tradable....Overall, it really that different? From what I have seen so far, it looks more like traders purely interested in short term gains don't care what market they trade, they just follow what the charts are indicating and trade based on that.
Another thing is that there are just as many people (percentage wise) that are losing trading forex markets as there are people losing trading crypto markets. Some forex brokers offer even higher leverage counts than BitMEX.
People refer to stocks as easy to profit from, but there is no such a thing as easy profit, regardless of the market. If it was really that easy, people wouldn't get burned as often as they have been burned in the last decades....
Crypto Trader is not protected by the law
A cryptocurrency trader may or may not be protected by the law depending on his origin and country or residence. Regulatory laws and boundaries is highly nuanced. Majority of cryptocurrency enthusiasts prefer decentralization.
The news on the crypto market is not fixed
News and price speculations are quite different. Updates on the networks of any currency can be predetermined, and it would be communicated if any changes are made. Similar to any system.
Bitcoin trading is very different from forex trading even though both of them carry the theme of trading. In forex trading we know two terms namely Long and Short which means Long means targeting prices to rise to generate profits while short has a target when prices go down to get profit.
Both different trading will be good way to make money, in crypto spot trading we can make money only when the market bullish, but in forex trading we can make profit from uptrend and downtrend as well. So to make profit every month we should be doing both, when bullish trend in crypto market we can focus on that, but when crypto downtrend we can spend more times in forex trading.
If someone have both skills it will be very good. But too bad i don't have any experience in forex before because not try it yet. Too afraid if loss a lot of money in forex because a lot of people said it is very hard to trade in forex.
Both different trading will be good way to make money, in crypto spot trading we can make money only when the market bullish, but in forex trading we can make profit from uptrend and downtrend as well. So to make profit every month we should be doing both, when bullish trend in crypto market we can focus on that, but when crypto downtrend we can spend more times in forex trading.
With technical analysis, forex trading far more easier than crypto.
Personally I'm doing copy trade and able made 7-10% profit from gold trading.
Meanwhil in crypto, I can earn more profit but in order to maximize it, I need to hold it about 4 years !
Trends are more strong in forex compared to young crypto market. Whipsaws don't often happen in forex but fake breakouts force traders to accept wrong decisions in crypto market. BTW sentimental analysis also can give idea about trading bias of market participants in forex but unfortunately there is no such option for crypto traders. Personally I'm doing copy trade and able made 7-10% profit from gold trading.
Meanwhil in crypto, I can earn more profit but in order to maximize it, I need to hold it about 4 years !
With technical analysis, forex trading far more easier than crypto.
Personally I'm doing copy trade and able made 7-10% profit from gold trading.
Meanwhil in crypto, I can earn more profit but in order to maximize it, I need to hold it about 4 years !
Personally I'm doing copy trade and able made 7-10% profit from gold trading.
Meanwhil in crypto, I can earn more profit but in order to maximize it, I need to hold it about 4 years !
It is riskier and bigger rewarding. If you buy a coin you are not expecting to make couple percent increase, forex (unless you are doing on high margins) can give you a certain return that is good and acceptable in finance world but it can't give you the returns bitcoin could give you.
Right now, you can even bet on bitcoin prices with high margins which means there is really no difference on how to trade both of them. I think if you invest into forex there is less chance of hitting huge amount of profits but also a less chance of losing all your investments. When you invest into coins there is a bigger chance of winning it big and make hug profits but also a bigger chance of losing most of your investments very quickly. Similar stuff but coin trading is more extreme to both sides.
Right now, you can even bet on bitcoin prices with high margins which means there is really no difference on how to trade both of them. I think if you invest into forex there is less chance of hitting huge amount of profits but also a less chance of losing all your investments. When you invest into coins there is a bigger chance of winning it big and make hug profits but also a bigger chance of losing most of your investments very quickly. Similar stuff but coin trading is more extreme to both sides.
Trading forex in the market is not spot trading but leverage trading, all kind of asset that tradeable by use leverage will be more risky. All each others has high risk, but will be more profitable in crypto trading because in bull market we can make profit up to 10x just in 1 month, and in forex trading seem impossible to make it.
That is the truth and some many people find it very difficult to separate forex from cryptocurrencies trading but this your explanation has said it all. Forex is far risky than crypto trading and it is very difficult to open position and really makes money from the forex market. 
In my opinion, trading in crypto is easier. We do not need to take intermediate steps and we can own our portfolio. That's what I like and the crypto market is quite easy to make money when it's always changing. In addition, we can invest in any amount large or small but in forex, we don't need a lot of money to generate profits.
Trading forex in the market is not spot trading but leverage trading, all kind of asset that tradeable by use leverage will be more risky. All each others has high risk, but will be more profitable in crypto trading because in bull market we can make profit up to 10x just in 1 month, and in forex trading seem impossible to make it.
Trading Coin - Harder or Easier Than Trading Forex?
Trade coin harder or easier than trade? It's always something to ask, because the first financial market I have been exposed to is cryptocurrency, and so far I have not tried trade forex or another market, so I do not understand the way the market like that. any. So today I set up this topic for the Crypto Trader and Forex Trader to comment, if any brother has ever traded in both markets is too good.
The first thing to make clear is that trading in any financial market is difficult. Traders must be prepared for technical analysis, capital management and psychological control. Of course, you must learn how to survive before learning to make money by following the pillow rules like Follow the Trends, 1% rule, and so on. In this topic, I encourage you to give the individual characteristics of each market that the other does not have, to compare the two together. These are my opinions :
Both of these led to the long and horrible long-stemmed candles; these candles were like Bitcoin and Altcoin:
This can be explained that Forex is a mature market that has existed for hundreds of years and has a tremendous marketcap and volume, plus managed institutions. physical. Crypto is a young market, low capital and uncontrolled, so big hands are very easy to act.
Crypto Trader is not protected by the law
This is well known, and Crypto Trader often has many crushes because the capital to stay on the floor for long ... know it. The trading floor is unstable and frequently encountered bugs. In addition, many trading floors lacked tools to support trading activities such as chart, stop loss, trailing stop, ... which is very familiar with Forex Trader brother . If you encounter problems and encounter problems, you will not be able to demand an agency to protect you. And the constant manipulation on the crypto market is also because there is no law in this market.
The news on the crypto market is not fixed
For forex, you can know ahead of time, NonFarm reports, FOMC minutes, etc. Generally the news is at least capable of pre-empting. In the crypto market, the news goes wild, and often appears fake news posts, creating frightening FUD. I have many times in the market right after the news and stick SL bitter, the last boss of the BTC is one example.
So what do you think? Here are some difficult to trade in the crypto market that crypto traders have to accept. After all, High Risk, High Return, high risk, high return, and trade in a market, Trader has accepted the full risk of that market already. Please leave your feeling, thank you.
Trade coin harder or easier than trade? It's always something to ask, because the first financial market I have been exposed to is cryptocurrency, and so far I have not tried trade forex or another market, so I do not understand the way the market like that. any. So today I set up this topic for the Crypto Trader and Forex Trader to comment, if any brother has ever traded in both markets is too good.
The first thing to make clear is that trading in any financial market is difficult. Traders must be prepared for technical analysis, capital management and psychological control. Of course, you must learn how to survive before learning to make money by following the pillow rules like Follow the Trends, 1% rule, and so on. In this topic, I encourage you to give the individual characteristics of each market that the other does not have, to compare the two together. These are my opinions :
Both of these led to the long and horrible long-stemmed candles; these candles were like Bitcoin and Altcoin:
This can be explained that Forex is a mature market that has existed for hundreds of years and has a tremendous marketcap and volume, plus managed institutions. physical. Crypto is a young market, low capital and uncontrolled, so big hands are very easy to act.
Crypto Trader is not protected by the law
This is well known, and Crypto Trader often has many crushes because the capital to stay on the floor for long ... know it. The trading floor is unstable and frequently encountered bugs. In addition, many trading floors lacked tools to support trading activities such as chart, stop loss, trailing stop, ... which is very familiar with Forex Trader brother . If you encounter problems and encounter problems, you will not be able to demand an agency to protect you. And the constant manipulation on the crypto market is also because there is no law in this market.
The news on the crypto market is not fixed
For forex, you can know ahead of time, NonFarm reports, FOMC minutes, etc. Generally the news is at least capable of pre-empting. In the crypto market, the news goes wild, and often appears fake news posts, creating frightening FUD. I have many times in the market right after the news and stick SL bitter, the last boss of the BTC is one example.
So what do you think? Here are some difficult to trade in the crypto market that crypto traders have to accept. After all, High Risk, High Return, high risk, high return, and trade in a market, Trader has accepted the full risk of that market already. Please leave your feeling, thank you.
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