Topic: Which one is better? Forex or crypto currency trading? (Read 21991 times)

When asking about which one is most better and profitable between forex and crypto currency trading depend with who your question asking, I think if you ask on this forum where many cryptocurrency trader they will choose cryptocurrency trading most worth than forex, but open your question in forex group exactly they will choose as forex most profitable than cryptocurrency trading. How ever is depend while have usually earn much money between forex and bitcoin, but when some one have try with forex and bitcoin too will know which is better. I can't answer because still not understand how forex is working to get profit, the same like future trading or not and I have to learn first and then can answer which one is worth.

I think crypto trading is best from forex trading. Every day you see new altcoin and this alt coin can 1000% pump in day that forex trading is not possible. If you have enough knowledge you can earn huge profits in crypto Exchange.

I was trading forex and I liked it)) Fibonacci levels work very well in forex. Forex has many advantages. The forex is by far the largest marketplace in the world. Typically, the larger the market, the greater liquidity, depth and stability.

Hey man!

Let me first tell you this, before even picking which is better among the two, you should ask yourself. Am I eligible or ready to trade even one of them? The reason is a lot of people tend to easily enter the trading industry without any proper knowledge about trading (which is technically bad and their fault) even though you tag it to forex, cryptocurrency, commodities or even stock market. Trading all of these markets only needs one basic and general knowledge. Sometimes your chosen strategy or the strategy used by a lot of different traders works very fine in all of these markets.

Your chosen markets should be based on your lifestyle. You want to spend weekends with family or traveling? Chose ForEx. It is only open on weekdays so you have 2 days of weekend to relax, if you had a great profits for a week in trading. One thing I don't like is its driven majority by economic and political aspects. Any wrong decision of government of some countries would tend to have effect to currencies. I mean, technical analysis do work but against a tweet from President Trump, its useless.

Cryptocurrency market? Yeah. 24/7 market and in all honestly, the volume we do is just less than I think 1% of how much Forex is doing. So yeah, there is still room for growth especially for those long term hodlers/traders. But since its FOR NOW, a not so big market, manipulation is normal too especially for ALTERNATIVE COINS or Alts.

Overall, Risk management is the key even whatever markets you want to take. Have a safe trade!

I do not think there is any much difference between Forex and Crypto trading. Both are dependent on fundamental analysis and technical analysis. One can only make the most of both markets by getting the necessary knowledge and skills required for trading.
I, however, do believe that the crypto market has more volatility than the forex market and it's more profitable in moments of wins and causes more losses in moments of losses. This is exactly what makes the crypto trading more risky than forex trading.
One can see that there really is no advantage of one over the other and one should only choose the one you're comfortable with

The simplest answer is the profitability of the trades in the volatile markets are higher compared to the slowly moving market. Trends can last for years in the forex market and the traders who on the profitable trades will be happy until the turning point of the uptrend. The crypto markets are volatile and illiquid which don't let the traders keep open trades for years. The daily volume of each financial market is totally different.

Both gives a high reward but forex trading is risky compared to cryptocurrency trading and just holding the coin. There are a lot of options in crypto trading and the conmpetition in forex is just too big if you're a beginner.

I prefer crypto trading rather than Forex. In my opinion, Forex is a lot riskier than crypto trading, it is somehow similar to gambling. While crypto trading, despite it is risky too, could be a profitable way if you have the required knowledge of studying the crypto markets and analyzing the charts. You can at least minimize the risks of losing.

To me - cryptocurrency trading is better. I consider Forex like "gambling" thing. Cryptocurrency trading could be really profitable if you have some knowledge, experience and if you choose the right cryptocurrency exchange. You can check CoinDeal, they have really attractive fees.  But of course, it's all about your personal preferences.

in short you can easily earn with forex because they are predictable am i right ? if earning is that easy then  why do you think that there are still traders that enters and prefer cryptos over forex ? it maybe because the potential profits that they can get here are times two (2x) than compare to what they are making or will going to make on forex or it maybe because cryptos are only easily understandable and exchangers for most cryptos are mainly user friendly than what we see on forex including those graphs and charts .

I'm of the view that forex trading is better for me because:

It can be monitored with economic news
It can give profit either way, that is, selling and buying.
It is easier to understand because it follows from economic decisions.

I had some doubts about it. I was sure that crypto trading is much better as it gives more chances to make money (and much money!) fast. However, you can trade Bitcoin and other cryptocurrencies on Forex also. So, now, these businesses can be connected. It will be strange to compare now what is better.
You can combine both activities or choose what you like and understand more.

in my opinion personally, in terms of profit, I chose cryptocurrency is better...
in cryptocurrencies, we can generate profits very big than we can make on forex, even with very little capital, we are still able to make big profits if we are lucky. but in terms of convenience, I prefer forex is better.

First you should try both types of trade to determine which one suits you best and which one you understand best, personally I see much more complex to cryptocurrencies but on the other hand, its value is increasing uncontrollably in recent months and its value seems to increase much more so if you can take advantage of this rise then do it and generate the profits you seek but you must be very smart to invest in a favorable way.

if I myself prefer to trade crypto to be the best than having to choose forex and full of risk. now forex is sometimes faced with brokers and a lot of losses. so crypto might be better for now.

No one is better. I think both can be done with competition. I do both and that’s with FreshForex. I consider them very highly since not only I can do both trading here easily but also get several benefits like 101% Tradable Deposit Bonus and others.

I really feel both have got equal potential, so for me there is really nothing between them. However, it can be upon individual’s own preference that you could look at. I was doing Forex trading but now I also do Crypto Trading, and I really don’t find anything massively difference in either of them. I feel its same thing with analysing Cryptos now before trading. So I personally suggest people to do both since there is so much reward to be taken.

It depends on the individual characteristics and desires of a particular person. Some will be better at trading on Forex, while others at crypto exchanges.
Personally, I prefer to trade crypto currencies. If you master trading well, then on cryptocurrencies have the opportunity to earn much more. Here the volatility is much higher.

In my opinion trading with forex and with cryptocurrency are almost similar.
btw i'm trading on Monfex. It's really convenient platform, so if u wanna start trading i will leave a link.
https://www.monfex.com/

Just for sharing. Basically, for doing forex trading you can use 2 strategies.
1. Classic Strategy

• In classic strategy. Time frame that used starts from H-1 to 1 M (monthly). OP (open position / entry) is done at H-1. While TP (take profit) position is adjusted with the trend. Indicators that used usually only using Fibonacci and S&R (Support-Resistance). More info about classic strategies you can read through this article Simple and Effective Exit Trading Strategies

2. Ascend/Ascent Strategy

• For ascend/ascent strategy. Time frame that used starts from 1s (1 second/M-1) to 30 Minute (M-30). OP (open position / entry) is done at TF 1s (M-1). While TP (take profit) position is max at TF M-30. Indicators that were used are more complex. Sometimes traders using bollingers, SMA, MACD, RSI, Ichimoku Kinkyo Hyo, and lots more (depends on traders convenience). More info about ascend strategies you can read through this article Continuation of the ascent forex strategy

So basically, it is possible to do intra-day trading in forex.