Topic: Trading crypto vs forex - which is better? - page 2. (Read 598 times)
Its hard comparing those two when it comes to eyeing which one is better since both have a different approach. Crypto is more like a digital currency and is more volatile than forex or local ones. Also, why would we compare those two if we can enjoy both from this time?
Forex is good for people who don't like crypto. Newbies if you ask me.
Why do we need to choose between them if they have the same aspects also. Trading between forex and cryptocurrency are both profitable and risky. However, if we can use them both, we gain a lot. In my case, I prefer to study each coin under stocks and try to buy blue chips and hold for a long period of time. Just like what I did in my ethereum. 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.It actually, they have similarities but crypto has more advantage over Forex knowing the fact that traders believe that crypto trading is more profitable. And I'm saying that people would choose in crypto trading cause everyone in here can justify it.
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.
I have been into the two and will opening state that; cryptocurrency trading is more profitable than Forex. Although this solely depend on the individual trading with a good coins or tokens. We all know the volatility of cryptocurrency which can easily lead to lost but when chosen a good crypto to trade on, profit will be inevitable compare to Forex.
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?
If I'm in it for the short-term value, should I just stop doing crypto and go hard on forex?
yes, you should do it. why? because the areas you understand best will give you the right direction and you can make a lot of money compared to investing in cryptocurrency. Investing in crypto is really a game of chance and you should not invest if you do not understand much about it.https://cryptotradernews.com/crypto-trader-pro/trading-crypto-vs-forex-which-is-better/
Thoughts?
If I'm in it for the short-term value, should I just stop doing crypto and go hard on forex?
At Forex, if you understand a lot about it, you should invest. I believe you can have more money when investing there.
Forex is good for people who don't like crypto. Newbies if you ask me.
Why? I know the guys who trade on Forex and invest a lot in the cryptocurrencies. These men (two of them) simply try to use all chances to make much money and feed their large families. They do succeed.
of what will be the nice place and what is not, what they've going to look upon is the chance to penetrate and enjoy the benefits that they will be able
to gain from the market either forex or crypto.
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?
If I'm in it for the short-term value, should I just stop doing crypto and go hard on forex?
You see mate, what is causing major separation of both is just the volatility, otherwise, they are both same to me. Crypto could actually be more profitable than Forex if we are to put the volatility level in consideration, but at the same volatility, crypto could also be a very risky to trade. https://cryptotradernews.com/crypto-trader-pro/trading-crypto-vs-forex-which-is-better/
Thoughts?
If I'm in it for the short-term value, should I just stop doing crypto and go hard on forex?
Forex is still better because the market is not that much of a volatile one, and there can always be room for adjustment if the trade is not favoring us, but the moment crypto trading is not favoring us and we are not careful to quickly apply stop loss, we could end up so bad with nothing if care is not taking, so for a newbie, Forex market is best to start with.
Trading crypto and trading forex are almost the same, and the only thing that makes it different is the analysis and the product to trade. As long as we can master the skills on each of them, I think we can make a profit, and we can survive in any situations. But for me, I still choose trading crypto because it's not too difficult to learn the analysis and for me, I don't have to learn so many analysis to determine the market situations. But maybe it will be different for other people because we don't have the same thing experience in trading.
Not really the same. In forex you can earn profit when the price of a base currency either go down or go up. That's the beauty of it you can go long and short while still profiting form the inflation and also its easy to understand the leverage there than in crypto. In forex they do have a metatrader which all traders use and also the market closes on weekends.
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.
Trading crypto and trading forex are almost the same, and the only thing that makes it different is the analysis and the product to trade. As long as we can master the skills on each of them, I think we can make a profit, and we can survive in any situations. But for me, I still choose trading crypto because it's not too difficult to learn the analysis and for me, I don't have to learn so many analysis to determine the market situations. But maybe it will be different for other people because we don't have the same thing experience in trading.
Forex is good for people who don't like crypto. Newbies if you ask me.
Why? I know the guys who trade on Forex and invest a lot in the cryptocurrencies. These men (two of them) simply try to use all chances to make much money and feed their large families. They do succeed.
They are only taking the chance to grab more and more money in the market. More volatility and they have more chance to made a lot of bucks periodically.
I think forex trading is risker than crypto trading. Forex is well for only high experienced person who have more knowledge about forex. In forex trading a newbie can lost his money very quickly if he have not more knowledge about forex. So I suggest people don't enter in forex without any knowledge about it.
You can have this link if you do talk about percentage https://www.quora.com/What-percentage-of-Forex-traders-make-money-in-the-long-run Forex is good for people who don't like crypto. Newbies if you ask me.
Why? I know the guys who trade on Forex and invest a lot in the cryptocurrencies. These men (two of them) simply try to use all chances to make much money and feed their large families. They do succeed.
If someone doesn't want to register on that source, six months ago a similar article was here: https://news.bitcoin.com/the-differences-between-forex-and-crypto-trading/
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I think forex trading is risker than crypto trading. Forex is well for only high experienced person who have more knowledge about forex. In forex trading a newbie can lost his money very quickly if he have not more knowledge about forex. So I suggest people don't enter in forex without any knowledge about it.
The price movements of money fiat such as the dollar, euro or others are very slow. You need a few days to get profit because for me being a day trader on forex makret is very complicated. Comparing with cryptocurrency market which has a volatile price movements and also what I like the most is there is only buy and sell. I mean the cryptocurrency market like a real market, you will only get a profit when you sell from a low purchase price. I prefer to trade in cryptocurrency and I can say cryptocurrency trading is safer than forex like in fbs.
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.
Forex has bigger risk rather than cryptocurrency. While you do forex, you can get very high profit or lose almost all of your money just in a second. It's different when you trade on crypto, your token still there and there is still a chance you can recover your loses before if the coin price increased (only worked for familiar coins)
I think both will be profitable, but in terms of profit, cryptocurrency is more profitable only in the bullish market. But, be careful with trading if the market is bearish. Cryptocurrency is very volatile making extreme profits or loss.
Well to be honest the most difficult trading is the crypto, the reason is because the market is decentralised and able to be manipulated by the whales, forex itself is not that easy to be predicted and moved with a high speed, but still its easier to predict forex rather than crypto, for short term both if them could be profitable depending on your skill
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