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Topic: Trading crypto vs forex - which is better? (Read 598 times)

full member
Activity: 434
Merit: 100
Hexhash.xyz
September 05, 2019, 12:15:59 PM
#55
Forex? Really? Get outta here man... No, really, can't take you seriously. There's no point of comparison if you ask me. It's easier to understand forex but it's also harder to profit from.
Well were not the same opinion. Forex for me is harder to understand, I tried forex but I quit. I only use cryptocurrencies for trading because it's easy to understand and you can choose a lot of cryptocurrency and huge potential to multiple and quadruple your money here in crypto.
jr. member
Activity: 56
Merit: 1
September 05, 2019, 11:29:05 AM
#54
Crypto is much more volatile. So, crypto!
legendary
Activity: 2100
Merit: 1058
I prefer crypto trading. this is easier to run at a price that is easily monitored than forex trading. nowadays many forex traders turn to crypto and this gives speculation that crypto trading is more feasible than crypto. this is my opinion
The only thing that makes cryptocurrency better than forex trading is that it gives more profit at an increase than forex trading, and reason being that the crypto market is still very volatile unlike forex trading, but when it comes to predicting the market, you can easily predict forex market than cryptocurrency market.

It is more bitter for crypto traders when the market crashes than it is for forex traders. Both can still be traded well though, if such trader can develop a very good strategy, they both have same similar strategies and should not be difficult for any profession trade to switch between the two of them.
legendary
Activity: 3318
Merit: 1128
The good thing with crypto is you can trade it spot trading. Margin trading is the most difficult. You can blow your whole portfolio in a matter of seconds.
from the statement you gave, I can conclude when trading in forex, the risk is very high and you can get a loss when you really lose, in contrast to cryptocurrency which can still be held until prices recover.
There is a clause to this also, if it were to be this , many people will not be complaining of losing so hard in trading cryptocurrency, but people do not leave it at this stage and then go to the extent of margin trading, which is what kills the whole game in trading when it backfires for them.

I think you can also do this in Forex too if you don’t margin trade, but the increase you get after waiting for so long is really nothing compared to the increase you get you use cryptocurrency to trade, which is why you see most professional traders in Forex now diverting to crypto trading now because of the chance it gives them of having a more profitable trade.
hero member
Activity: 1190
Merit: 541
The good thing with crypto is you can trade it spot trading. Margin trading is the most difficult. You can blow your whole portfolio in a matter of seconds.
Spot trading is what makes up majority of the market both in Forex trading and crypto trading, margin is just usually used by people that I see that are quite greedy, because I would not want to classify them as risk takes, I dint see that has risk, I see that as foolishness, how can you go into trap set by most of these brokers, when you can easily make your money without tension through spot trading.

The good thing about spot trading in crypto is that even if the market has gone low below the trade spot, it can still pick up with time when left for the market to rise since it’s one that didn’t require loan and provided if the trader does not stop it’s loss or use stop loss.
full member
Activity: 812
Merit: 100
I prefer crypto trading. this is easier to run at a price that is easily monitored than forex trading. nowadays many forex traders turn to crypto and this gives speculation that crypto trading is more feasible than crypto. this is my opinion
hero member
Activity: 2968
Merit: 687
So I'm subscribed to this pro program (which I recommend by the way) and they compare how it's much easier to understand forex (because there's typically an underlying cause-effect associated to currencies going up and down) whereas crypto might be more profitable but much harder to explain and therefore much risky...

https://cryptotradernews.com/crypto-trader-pro/trading-crypto-vs-forex-which-is-better/

Thoughts?  Huh

If I'm in it for the short-term value, should I just stop doing crypto and go hard on forex?

both of these trades have the risk of each forex or crypto. But I will choose Crypto because besides being more profitable, we will get the knowledge / technology contained in the coin / token
This is the difference when it comes to learning because if we do talk about forex then we are talking any countries currency so there's no really learning
on that one which unlike on crypto where you would able to know a variety of projects that might give out revolutionary innovation on our daily lives.
Most of them are shit but there are ones who do able to pull it out.
full member
Activity: 868
Merit: 104
Trading forex is  surely better for me than trading crypto. Forex market is very old and has high volume, being a technical trader I can very well read the forex chart and analyse it for possible future movement but  I cannot do it in crypto, although I tried it but did not get that success. One plus point I see of Crypto market from forex market is that crypto market remains open 24*7 whereas forex market  is open 24*5 means forex market is closed on weekends.
If one can really lean to trade crypto market then he/she can have good profit than trading forex market. At last I enjoy trading forex market  than any other market due to its movement as per my tech analysis.
legendary
Activity: 2282
Merit: 1041
i think trade in cryptocurrency is more better than forex because i am more familiar with cryptocurrency market and i can analisys it with correct.
trade in forex is have a big risk than cryptocurrency and market growth in there is different.
so i keep choose crypto trading because i can have a good chance to win a huge profit here.

There is a lot more to take advantage in crypto but then the good thing for FOREX market is that they do have the same software to use, few major markets to watch and having just few dollars can get you somewhere with the help of the leverage that you can earn with just few pips. There are people here who are from FOREX actually, if you have been in forex, you will more likely wanna stay there and just hold BTC. Because their indicators are more accurate and they can follow trading systems that works best for the kind of traders they are.

member
Activity: 308
Merit: 10
i think trade in cryptocurrency is more better than forex because i am more familiar with cryptocurrency market and i can analisys it with correct.
trade in forex is have a big risk than cryptocurrency and market growth in there is different.
so i keep choose crypto trading because i can have a good chance to win a huge profit here.
full member
Activity: 1498
Merit: 146
So I'm subscribed to this pro program (which I recommend by the way) and they compare how it's much easier to understand forex (because there's typically an underlying cause-effect associated to currencies going up and down) whereas crypto might be more profitable but much harder to explain and therefore much risky...

https://cryptotradernews.com/crypto-trader-pro/trading-crypto-vs-forex-which-is-better/

Thoughts?  Huh

If I'm in it for the short-term value, should I just stop doing crypto and go hard on forex?
for me Crypto trading is little bit easier than the Forex trading because the risk is little bit extra in Forex trading but the profit also been increased in this type but if we take risk in most of the time it will not be successful in sometimes so the profit was been little bit affected by that that's why I go with my comfort zone like trading with cryptocurrencies.
copper member
Activity: 358
Merit: 2
So I'm subscribed to this pro program (which I recommend by the way) and they compare how it's much easier to understand forex (because there's typically an underlying cause-effect associated to currencies going up and down) whereas crypto might be more profitable but much harder to explain and therefore much risky...

https://cryptotradernews.com/crypto-trader-pro/trading-crypto-vs-forex-which-is-better/

Thoughts?  Huh

If I'm in it for the short-term value, should I just stop doing crypto and go hard on forex?

both of these trades have the risk of each forex or crypto. But I will choose Crypto because besides being more profitable, we will get the knowledge / technology contained in the coin / token
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
I don't know much about trading forex because, in my opinion, that will be too difficult to do because we need to learn much analysis to find the right price. But I don't know if there is a short way to get the right price from one or two analysis because I don't learn forex so far. I only use trading crypto to make money, and that will be good for me so far because I can make a nice profit and I still want to get a bigger profit in the future.
sr. member
Activity: 980
Merit: 250
each person may have their own experience of this. I am a crypto user, so maybe I prefer to exchange crypto that I have compared to trading forex. besides that I'm also not familiar with forex.
actually forex market give us good opportunity too if we know how to trade it,before joining in cryptocurrency market i am also forex trading.it could give me income although the amount smaller than in crypto.basicly it have similarity in technical analisys.
hero member
Activity: 2828
Merit: 611
Crypto trading is very risky, so it would be better if you do forex trading for a few months to get familiar with it. Once you feel confidence in forex trading then you can start crypto trading.
Crypto trading and forex trading all have their risk, and prior to crypto trading, people still encounter difficulties a lot in forex trading as regards proper trading and they lose a lot,so there is really nothing new other than volatility differences.

What a trader really needs to rally focus on developing is strategies, if you can have and master the right strategies in any trading form you pick interest in, believe me that you will do great in it. I have done forex trading before and I am doing crypto trading now, crypto is quite more interesting and you get more benefits in crypto trading than forex trading.
legendary
Activity: 2492
Merit: 1001
Leading Crypto Sports Betting & Casino Platform
each person may have their own experience of this. I am a crypto user, so maybe I prefer to exchange crypto that I have compared to trading forex. besides that I'm also not familiar with forex.
legendary
Activity: 2996
Merit: 1132
Leading Crypto Sports Betting & Casino Platform
If I'm in it for the short-term value, should I just stop doing crypto and go hard on forex?

The question "which is better" is out of the context.

There should be no comparison as even the idea is just the same, they have a "different" approach.

Short-term or long-term, asked yourself, can I deal on Forex? can I deal on crypto? can I deal on both?. Generally, both are good and profitable depends on how well you managed it along the way. Just because someone became successful in doing forex, stocks or crypto, you will have the same experience. It's on your own hands how to make it successful in the long run.

We have different knowledge and strategy on how to deal in those, therefore, you are the only one who can answer "what's fit for you". If you are having a hard time dealing with crypto, then focus on forex and vice versa. Find your comfortability to have a relaxed mindset.
right, both of them have their own characteristics. indeed, the compatibility is in the person of each. forex and cryptocurrency as well. I think it depends on how we respond to these two investments to make a profit
Cryptocurrency is more profitable, Forex is less risky, if you want a profitable trade,crypto is the right choice and if trader is more concerned about the risk, Forex is still the best choice. I too believe like one of the mates that every beginner needs to start learning with Forex first.

I got my proper trading skill in Forex, although there was not cryptocurrency trading yet as at the time I learnt how to trade, but if I had ad the two options, I will surely have opted in for Forex trading. Cryptocurrency is best for investors, I mean buying this coin and holding it for a long time is just the best way to get involved in cryptocurrency in other to minimize the risk involved.
member
Activity: 337
Merit: 15
For me for a fast profit I choose the cryptocurrency because we all know that the prices of the coins are decentralized it's the community itself who are responsible for the price of a certain crypto and in result the price of it is volatile it might drop 10% in just an hour, etc. or vise vesa but if you're high risk I suggest that you should go with forex.
member
Activity: 455
Merit: 10
Forex is good for people who don't like crypto. Newbies if you ask me.
why i did not like forex reason i dont know how to do forex and forex must want a become pro trader
legendary
Activity: 2030
Merit: 1028
Both of them are risky but crypto more riskier.

Why ?
Let's see about forex, the value are being control by trader around the world
But crypto , if we talk about the owner, I think it will not reach 1/2 of world's population

Forex in general have stable value but crypto always volatile !
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