Which is more profitable, trading with Forex or trading with Crypto Currencies? - page 3.

talkbitcoin

legendary

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Quote from: dihari on February 28, 2017, 01:00:32 AM

Quote from: layoutph on February 25, 2017, 07:36:58 AM

I used to trade with Poloniex but I do not earn a lot, my loses from trading is higher than my profit, I think due to Bitcoin crazy price up and down. Until I try Forex trading using WhaleClub, where I trade currencies using Bitcoin.

To be honest I found trading with real currencies like: GBP/USD, EUR/USD is more profitable than trading with BTC/ETH, etc..

Do you agree?

Two types of this platform has each advantages and deficiency. For example, in forex trading there is a rule that called margin call that can make your money completely used up, but you can't find it in bitcoin or cryptocurrencies trading platform. So your money is safe even if the price drop to 1000 point.
If we talk about profit, a man knows god never show us where is the money. If you think you get more lucky on forex trading, then develop your skill on it.

there are a couple of platforms that are offering margin trading both for bitcoin and other cryptocurrency tradings. the Chinese exchanges that everyone is talking about these days use to have it also but they had to remove it.

and i have to say i voted for cryptocurrencies because i believe the rules of this market is more understandable for me than the rules of Forex which is a huge market in a dog eat dog world.

dihari

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Quote from: layoutph on February 25, 2017, 07:36:58 AM

I used to trade with Poloniex but I do not earn a lot, my loses from trading is higher than my profit, I think due to Bitcoin crazy price up and down. Until I try Forex trading using WhaleClub, where I trade currencies using Bitcoin.

To be honest I found trading with real currencies like: GBP/USD, EUR/USD is more profitable than trading with BTC/ETH, etc..

Do you agree?

Two types of this platform has each advantages and deficiency. For example, in forex trading there is a rule that called margin call that can make your money completely used up, but you can't find it in bitcoin or cryptocurrencies trading platform. So your money is safe even if the price drop to 1000 point.
If we talk about profit, a man knows god never show us where is the money. If you think you get more lucky on forex trading, then develop your skill on it.

hisuka

sr. member

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For me, I think its profitable both as long you know how to trade forex and to trade cryptocurrencies. Once you have the skills, techniques,knowledge and determination you can be more profitable in trading both. This will gives you continuos learning during trading forex and cryptocurrencies.

Dudeperfect

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Making profits with trading in cryptocurrencies is comparatively easy rather than doing so with forex because the price volatility is usually more in cryptocurrencies (especially fiat / cryptocurrency trading). There are more chances of entry and exit in crypto trading than that of forex and hence it is more profitable in my opinion.

beerlover

legendary

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Different traders might be getting different experiences. But definitely regardless of where we are trading, if we have sufficient knowledge to handle market fluctuations, can find always profits.

target

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Quote from: layoutph on February 25, 2017, 07:36:58 AM

I used to trade with Poloniex but I do not earn a lot, my loses from trading is higher than my profit, I think due to Bitcoin crazy price up and down. Until I try Forex trading using WhaleClub, where I trade currencies using Bitcoin.

To be honest I found trading with real currencies like: GBP/USD, EUR/USD is more profitable than trading with BTC/ETH, etc..

Do you agree?

Never heard of Whaleclub but its true you can profit more on forex if you have the system. The indicators had been mastered by several traders already which is why somehow its almost accurate to predict where the market is going. So easy to predict which now makes the market easily gets overbought and you have to exit before the market moves against you. Traders knew that leverage is a double edge sword it sometimes cuts you with the margin call Grin

Why did you decide to try whaleclub?

Zadicar

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Quote from: Harlot on February 27, 2017, 07:50:29 AM

It is irrelevant on choosing where to trade from Forex to Cryptocurrencies or even Trading Stocks. It is a matter of what will you buy all of them can be used and analyze by Technical Analysis it tells you if it is a good buy or not. All 3 of them requires a careful review and a thorough research as this can be a good factor to see on how much you will profit from it. But let me remind you even if you are good at analyzing it is not always 100% going your way.

Technical analysis on each trading does have difference and you will able to tell the difference when you do trade on either of those things. Technical analysis does really require but forex is complex compare to cryptocurrency.

sunsilk

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I'm not into forex trading but I'm seeing a lot of people that are happily trading with it and it looks like you are one of them.

But for me, since I'm into trading of crypto currency I would say that you need to study more about it.

Maybe you are not good at it but good thing that you are good in forex.

Harlot

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It is irrelevant on choosing where to trade from Forex to Cryptocurrencies or even Trading Stocks. It is a matter of what will you buy all of them can be used and analyze by Technical Analysis it tells you if it is a good buy or not. All 3 of them requires a careful review and a thorough research as this can be a good factor to see on how much you will profit from it. But let me remind you even if you are good at analyzing it is not always 100% going your way.

capoeira

legendary

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Forex is cool because in theory you can even trade the 1m chart. feess are much lower. leverage allows "100% grows" in a few minutes.
but also the game is diferent.

icecube45

legendary

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In a trading with altcoin prices could fall to very low and it could be detrimental. Actually, both have great risk and is also profitable. But I prefer to trading with forex because it's easier. Market conditions forex depends on the information circulated as economics, politics, war, disaster. Especially if developed countries, there is little sensitive information, prices can move up and down. So this is easier to do, as opposed to trading with crypto that not only with the information circulating, but there are other factors that affect.

deadsilent

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That depends in your skills on trading. You can make profit on both. Altcoin trading and forex are different. Altcoin trading is profitable and less risk. Also you can trade altcoin in just small capital. But i think forex is more profitable than altcoin. But too risky and very hard to do. You could lose your money in a blink of an eye.

thebatletbet

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Quote from: layoutph on February 25, 2017, 07:36:58 AM

I used to trade with Poloniex but I do not earn a lot, my loses from trading is higher than my profit, I think due to Bitcoin crazy price up and down. Until I try Forex trading using WhaleClub, where I trade currencies using Bitcoin.

To be honest I found trading with real currencies like: GBP/USD, EUR/USD is more profitable than trading with BTC/ETH, etc..

Do you agree?

if you trading in poloniex is same altcoin trading
altcoin trading is high risk but high return and not margin call, you can't lost all money
forex is high risk high return to, can lost all money if margin call, but price can control, price can prediction about resistance and support price
in altcoin price can't control can incraese high price, and can crash and down until very low price

NeuroticFish

legendary

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I think that Crypto can be waaaaay more profitable than Forex for a couple of reasons:

* a trader will "compete" with a lot of wannabes so he has a better chance to get more money.
* it's an unregulated area so dirty tricks (pump and dump, FUD, ..) are easier to be achieved and get gains.
* a seasoned investor or trader will see better which ICOs can be an opportunity (either by investing in ICO and selling later, either trading after the ICO ends, or after the cool down..)..

All in all, it's a great side-business to any trader who wants to invest time to follow this area.

Pursuer

legendary

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Where is my ring of blades...

you can't say one is more profitable than the other. they are two different markets with two very different worlds. in Forex the market is huge and swings are very small and in many cases it is very predictable. but the profit making in there is very hard and you need a huge amount of experience and a rather large investment to make any profit and in some cases the fees are higher too and not to mention the taxes that you have to pay.

but with trading cryptocurrencies the market is smaller and swings are much bigger, that means a much bigger profit opportunity. it is less predictable but also it can be very easily predicted too. the pumps which don't exist in Forex happen easily in altcoins and can be easily found and exploited for big profit.

in short there are always ups and downs and pros and cons to both of them.

gribble

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I think the most profitable trading crypto currency ( not trading forex use crypto currency)
the reason is on trading crypto or trading altcoins we can do hold positions if we are wrong prediction,
but on trading forex we must do cut lost if we are wrong prediction and it is mean losing money Grin

But if we are hold as long as we don't cut lost still there is chance for getting profit.

pooya87

legendary

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i vote for crypto trading. it is easier and more profitable because of the pump and dumps. you just have to learn how to spot pre-pump activity and then get in before the pump happens to make the most amount of profit. and also you can always join in on the way up and sell on top. the pumps are big enough to provide such opportunities.

then there is also the good cryptocurrencies to invest in. obviously bitcoin investment never goes wrong in the long term. but also altcoins such as litecoin and monero are also keeping their value up and are a very good place to invest your fiat.

p.s. it is funny that in this board all those who are saying Forex is best are "usually" advertising a Forex related stuff.

iram3130

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ITSMYNE 🚀 Talk NFTs, Trade NFTs 🚀

If you are trading with cautious and aware of the cryptocurrencies which you are investing into, trading with cryptocurrencies 100% more profitable rather than forex. Even short-term trading has been more profitable with cryptocurrencies. I agree that there are more scammers and possible loss of investment in trading crypto's but if you know what you are doing then it is best.

Pamadar

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Quote from: Snorek on February 26, 2017, 10:29:15 PM

Quote from: layoutph on February 25, 2017, 07:36:58 AM

I used to trade with Poloniex but I do not earn a lot, my loses from trading is higher than my profit, I think due to Bitcoin crazy price up and down. Until I try Forex trading using WhaleClub, where I trade currencies using Bitcoin.

To be honest I found trading with real currencies like: GBP/USD, EUR/USD is more profitable than trading with BTC/ETH, etc..

Do you agree?

When you are more comfortable with fiat market then focus on Forex. There is nothing like better or worse way of trading.
The main determinant is your trading success and profits you can gain. Trading cryptotocurreny is not for everyone.
Crazy volatile market and sudden shifts of price might be frustrating, Forex is more predictable and easy to understand.

well in some point the forex trading really got some edge especially if you already have a lot of knowledge regarding how the market moves, its understandable and can get easy assessment while in crypto fluctuation will be the challenge if lucky enough and speculation did a well job bigger chances to have big earnings in returned so likewise if where your interest allow you to earn then focus from it.

Snorek

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Quote from: layoutph on February 25, 2017, 07:36:58 AM

I used to trade with Poloniex but I do not earn a lot, my loses from trading is higher than my profit, I think due to Bitcoin crazy price up and down. Until I try Forex trading using WhaleClub, where I trade currencies using Bitcoin.

To be honest I found trading with real currencies like: GBP/USD, EUR/USD is more profitable than trading with BTC/ETH, etc..

Do you agree?

When you are more comfortable with fiat market then focus on Forex. There is nothing like better or worse way of trading.
The main determinant is your trading success and profits you can gain. Trading cryptotocurreny is not for everyone.
Crazy volatile market and sudden shifts of price might be frustrating, Forex is more predictable and easy to understand.

Topic: Which is more profitable, trading with Forex or trading with Crypto Currencies? - page 3. (Read 3112 times)