Which one is better? Forex or crypto currency trading? - page 14.

Nazmul012

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Quote from: dossantosleite on April 18, 2017, 08:32:58 AM

Hi,

What is your opinion about forex trading vs crypto currency trading?
Which one is better? More profitable ?

Also, there are some bots like GunBot or C.A.T which automate whole trading, but is there any bots for forex?
Is crypto currency and forex trading strategy and method the same?

Both Trading Are Profitable but crypto currency and forex trading strategy & method are not same. have a lot of difference between those trading. besides forex trading is very risky, very hard to understand and most of the forex traders are lost their money in forex trading. crypto currency trading is also risky but if you have some proper knowledge then you could be able to make profit from crypto currency trading. so for my opinion, i would like to choice crypto currency trading...

sammrheza

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for now crypto is more profitable for short and long term , what do you think ? Roll Eyes

neuro-artisan

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Quote from: nareshrohra on September 11, 2017, 04:20:24 AM

With forex you have few benefits

Cashed out: When you trade in exchanges, for most of them getting in is easy, but getting out is the difficult part. You have to get verification done etc. But,
if you have been cashing out frequently, then you don't run the frustration of cashing out all at once
Realized profit: I have often heard and said that you haven't had any profit until it is realized (cashed out). Cryptocurrency market is a b*tch. One day you are trading in the biggest exchange on planet, and the next day it's shutdown. So, this benefit applies as long as you transfer the profit to your bank a/c
Avoid market falls: if the entire crypto market is facing downfall, you can cash out and wait till the downfall has stopped to buy more coins in dips even with the same amount[\li]

But there are some drawbacks as well

Taxes: You may have to pay tax when you realize profit. But, I am not sure if you can adjust losses against other incomes[\li]
- ForEx charges: if your primary currency is not USD (or the one that exchange allows for trading) then you may have to bear forex charges[\li]

The thing about crypto exchanges is that it is new market so there is no established exchanges and very few have any kind of authorized certifications or other forms of security of your funds.
When you cash out from crypto to fiat currency you also have to pay taxes but only when you cash out more than you actually poured in (it may differ depending on country).

I believe with crypto you can make bigger profits over time because this market and technology is still at its infancy.

ArrogantPeacock

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Cyrpto is more volatile.. Forex is more standard and safer, I would say that these are the main advantages

nareshrohra

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With forex you have few benefits

Cashed out: When you trade in exchanges, for most of them getting in is easy, but getting out is the difficult part. You have to get verification done etc. But,
if you have been cashing out frequently, then you don't run the frustration of cashing out all at once
Realized profit: I have often heard and said that you haven't had any profit until it is realized (cashed out). Cryptocurrency market is a b*tch. One day you are trading in the biggest exchange on planet, and the next day it's shutdown. So, this benefit applies as long as you transfer the profit to your bank a/c
Avoid market falls: if the entire crypto market is facing downfall, you can cash out and wait till the downfall has stopped to buy more coins in dips even with the same amount[\li]

But there are some drawbacks as well

Taxes: You may have to pay tax when you realize profit. But, I am not sure if you can adjust losses against other incomes[\li]
- ForEx charges: if your primary currency is not USD (or the one that exchange allows for trading) then you may have to bear forex charges[\li]

Hamphser

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Quote from: SirLancelot on August 12, 2017, 05:02:29 AM

Quote from: Ahiaba on August 11, 2017, 01:49:28 AM

To me both forex and crypto currency trading are almost the same because it is both the fources of demand and supply that determines the movement of the market. And at the same time you need to have a good knowledge of both technical and fundamental analysis to be successful in trading both crypto currency and forex trading.

Yes. Both require good knowledge and experience but I personally feel that crypto has an edge over forex trading.
Crypto investors are far more in number than that of forex. Besides more people are becoming rich with crypto trading over last few years than with forex trading.

How sure you are? You dont know forex trading and its market cap.Its trillions and cant be really compared or shall say that crypto do have the edge, Doing forex trading is really very hard prices is to volatile much more volatile on cryptocurrencies because every tick of the clock it does move it might move on small ranges but i can say its somehow riskier.

SirLancelot

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Quote from: Ahiaba on August 11, 2017, 01:49:28 AM

To me both forex and crypto currency trading are almost the same because it is both the fources of demand and supply that determines the movement of the market. And at the same time you need to have a good knowledge of both technical and fundamental analysis to be successful in trading both crypto currency and forex trading.

Yes. Both require good knowledge and experience but I personally feel that crypto has an edge over forex trading.
Crypto investors are far more in number than that of forex. Besides more people are becoming rich with crypto trading over last few years than with forex trading.

Ahiaba

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To me both forex and crypto currency trading are almost the same because it is both the fources of demand and supply that determines the movement of the market. And at the same time you need to have a good knowledge of both technical and fundamental analysis to be successful in trading both crypto currency and forex trading.

sksaddam

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I think crypto currency trade better than forex trade.There are many skills needed to be an experienced trader in the forex market.crypto trade profitable not more than forex.

virasisog

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Quote from: Rrita on August 10, 2017, 11:16:23 AM

I Don't have any idea about forex trading.But i saw many people who are doing forex trading for live.but i don't know forex trading. I only like to do Crypto trading.its comfortable and easy to me.I also earn regular money form ceypto trading. its just about buy low rate and sell at high rate.

Forex trading or margin trading is much harder to do you have many things to consider and forec traders ar much more have knowledge in charting and predictions every minute of the candlestick because they vatry on that pump and dump graphing. Definitely both are too far different form of trading and analyzing skills.

babysweetTiger0401

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Quote from: dossantosleite on April 18, 2017, 08:32:58 AM

Hi,

What is your opinion about forex trading vs crypto currency trading?
Which one is better? More profitable ?

Also, there are some bots like GunBot or C.A.T which automate whole trading, but is there any bots for forex?
Is crypto currency and forex trading strategy and method the same?

I remember, when I was neophyte in trading industry I started to research in Forex trading, I don't know what site is that, just all I remembered was that I must have a personal broker then have my personal checking account for me to start trade to their platform. But honestly, I became good traders in crypto trading, and up to now I got my profit here in this industry.

Painbird

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I think both are profitable if you can understand rightly. but for me crypto is the kings of all trading.I have a account in forex but everything I am not clear,most importanly I am not interested.
so I loved crypto currency trading.

Rrita

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I Don't have any idea about forex trading.But i saw many people who are doing forex trading for live.but i don't know forex trading. I only like to do Crypto trading.its comfortable and easy to me.I also earn regular money form ceypto trading. its just about buy low rate and sell at high rate.

cinchin

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Quote from: soul-impact on August 10, 2017, 10:38:42 AM

Quote from: Hikol on August 09, 2017, 11:53:46 AM

Forex is better, as for me

No, it's a silly thought, forex is just a binary options system, it's very risky, here you can use it like gambling. Conversely, for "crypto currency trading", you need to analyze a lot of things, and each of your choices is crucial to everything.

- Yes, i feel that forex is a very dangerous place, and it's like gambling, we can not rely on analysis or experience, we can only rely on luck. And when we do not pay attention in a few seconds, we can lose a lot of money. Success is very little, failure is many
- Crypto currency trading is better because it is simpler and easier than forex, if we make a wrong decision, we will still have the opportunity to fix it by keeping and waiting for the price to rise again.

Paycoinzzz

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Quote from: soul-impact on August 10, 2017, 10:38:42 AM

Quote from: Hikol on August 09, 2017, 11:53:46 AM

Forex is better, as for me

No, it's a silly thought, forex is just a binary options system, it's very risky, here you can use it like gambling. Conversely, for "crypto currency trading", you need to analyze a lot of things, and each of your choices is crucial to everything.

Do you understand the Forex market? LOL I don't think Forex trading and crypto trading are different, both are buy low sell high and need use technical analysic before create order buy/sell. But the crypto market at now need analysic emotion trader than technical analysic because the nature this market still use "believe target".

Zadicar

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Quote from: dossantosleite on April 18, 2017, 08:32:58 AM

Hi,

What is your opinion about forex trading vs crypto currency trading?
Which one is better? More profitable ?

Also, there are some bots like GunBot or C.A.T which automate whole trading, but is there any bots for forex?
Is crypto currency and forex trading strategy and method the same?

We cant say which is better because it would really depend on us on which field we are profitable but talking on the level of risk i would go for forex trading, its very crucial to engage with it if you dont really have knowledge on it then you will easily burned out or blow out your account in no time which in crpytocurrency world we go the opposite side which we can still able to hold of our coins since prices would really recover later on and the thing i do like on crypto is that its fluctuations isnt too much.

soul-impact

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Quote from: Hikol on August 09, 2017, 11:53:46 AM

Forex is better, as for me

No, it's a silly thought, forex is just a binary options system, it's very risky, here you can use it like gambling. Conversely, for "crypto currency trading", you need to analyze a lot of things, and each of your choices is crucial to everything.

akar87

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Not about better. For me, being forex trader much more understanding because i have been studying forex trading since 2009 until 2015, after which i started investing in bitcoin although not yet understand at all about nature and characteristics bitcoin. And boom, i achieved awesome profits from holding bitcoins.

amaral1977

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I prefer crypto. Higher volatility and for now if you don´t get emotional at a loss there is a huge probability of the biggest coins to return to all-time highs sooner or later. So for now crypto is overall more forgiving when it comes to our mistakes7bad trading decisions.

As for Forex the advantage is bigger volume. and as the indicators like bigger volumes to perform better, good chart Reading could mean good profits.

Dontme

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Quote from: glowing10 on August 09, 2017, 10:17:17 PM

Quote from: Hikol on August 09, 2017, 11:53:46 AM

Forex is better, as for me

Forex is a regulated market and if you do not want to take much risk then this is meant for you . But if you are ready to take risk then you should be trading in cypto currency because the potential to make money in this markets are very high and so is the risk .

I think he has no reason why Forex is better for him. He didn't even know that it is much more profitable to use crypto currency trading while forex has many regulations and it is hard to earn not like in crypto trading but forex is not that bad because ever since they are also trusted one. Just saying!

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