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Topic: Which one is better? Forex or crypto currency trading? - page 20. (Read 21995 times)

legendary
Activity: 3052
Merit: 1273
Forex trading as well as crypto-trading has the same level of risks involved as both have high volatility involved as well as the higher the leverage, the higher the chances of losing your capital much quick. Forex trading has scripts available which you can try, but it has one more thing as an advantage which crypto-trading doesn't give you, you get a strategy tester to check out how the bot might work with the amount of capital that you will invest. In Crypto-trading, if you are interested in altcoin trading, you need to watch out people's interest and you are fine, else Bitcoin trading is good if done with the buy low, sell high principle, because if done leveraged trading, could lead you to big losses too.
legendary
Activity: 1512
Merit: 1010
ITSMYNE 🚀 Talk NFTs, Trade NFTs 🚀
Both crypto currency trading and Forex trading is not very different, it's only based on how much experience you have in trading especially when it comes to bot trading. You can make good profit with both types of trading. Both the platforms have a good ups and downs so basically it's about timing and how good you are in placing the limits.
I do cryptocurrency trading where you can see lots of pumps and dumps so you need to get the right time for a pump and dump.
legendary
Activity: 3122
Merit: 1140
In Forex trading, If you have big capital than you can make profit from Forex. Otherwise, if you use little amount in Forex than definitely i will tell you, you could loss your whole amount. Also in Forex, we could try to practice in demo account, it help us to learn about how to profit and recover the loss.
But in crypto currency trading, we could do it with littler capital.
But both are risky, also the main different is in Forex, we could make big profit from it, but in crypto it made for little profit.
We can still make big profits out of crypto trading does really depend on which coin you would buy and its volatility and i agree on what you have said forex does really require huge some of money for you would able to start but i would tell you no matter how big it is if you dont know how to trade then its better not to engage to forex because market will easily eat you up in no time and would burn your account.
hero member
Activity: 588
Merit: 500
In Forex trading, If you have big capital than you can make profit from Forex. Otherwise, if you use little amount in Forex than definitely i will tell you, you could loss your whole amount. Also in Forex, we could try to practice in demo account, it help us to learn about how to profit and recover the loss.
But in crypto currency trading, we could do it with littler capital.
But both are risky, also the main different is in Forex, we could make big profit from it, but in crypto it made for little profit.
hero member
Activity: 882
Merit: 500
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 think it depends upon you that how much your network is spread in your community ( practically and socially) .
Here if you have very few clients then Ofcourse you should go for the trading in the bitcoin and altcoins but if you have really numbers of the clients for your  deals then Ofcourse you can run your business in the forex  trading .
Here it is a reality that in the single deal of the forex you can make atleast 10-12 + profit , just imagine that you can multiply your money easily but condition is that you should have clients and customers .
hero member
Activity: 2926
Merit: 722
DGbet.fun - Crypto Sportsbook
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?

You don't have any experience on forex it seems. Just download metatrader and have some fun with a demo account. There are many bots both paid and free which you can use with forex trading.

Crypto trading is not much different than forex. All you need to make right guesses more than wrong ones.  Cool

I don'.t know about C.A.T. much but if you checked the GunBot you'll see that it makes the most profit if there is a bull market going on. The statistics were like; on a bull market you'll most likely to make %500 with gunbot and you'll be making %400 with holding. Don't remember the exact  numbers but you can think of gunbot as a profit booster.

You probably won't be making any money if everything goes to shit, neither by holding nor botting.

 Trading on a demo account and on a real account is different. When you play on a demo account, you are luckier, and when you replenish a real account, you get more loss:(

The demo account is usually provided by the bot developer. They use fake charts, so you always make more profit while trading. They just want to make you believe their service (the bot) is good and win more than lose on long term. Their interest is only to sell their service and make their profit, doesn't matter if you will lose a lot of money with their bot on real account later...

I think it's not a good idea to trust a lot of money in a bot. It's just an AI, and it will lose all your money without any prudence.
What demo account are you referring to? If you are talking forex demo accounts then i would really disagree on your statement since brokers would definitely do the opposite thing they would not tend not to cheat their posibble traders in fact they would really be helpful to their demo traders to trade succesfully because once they do decide to go live trading then brokers are earning on every trade they made which means the more successful a trader is the more income or profits they would generate.

In my view the main reason of profit making in demo account is you are playing freely without worry of loosing it as even if you lose it your own investment is not gone but when you start to invest and then play then you are worried of if you lose the investment so in this process what happens is when ever you take position you will be watching is until the position is closed so in this process what happens is even on shorter profit you close the position but when you are in loss you dont close the position in short lose. So in my sense both are same of trading in forex or crypto trading
That's one of the reason why brokers do make demo accounts which they would let their traders to test it out without the need to pull out money from their pockets and yes once we do demo tradings confidence is really high since our mind tells us that no matter what the result is its still okay since we wont lose even 1 cent but when we trying out to live accounts story would be different at all.
sr. member
Activity: 882
Merit: 269
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?
Yes in analysis there are the same but in market prices volatile there is different. In bitcoin and altcoin trading we only focus on altcoin and bitcoin news but in forex we should focus on political, economic, circumstances and event news. Because of this there are many issues that course fluctuations in market price.
full member
Activity: 139
Merit: 100
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?

You don't have any experience on forex it seems. Just download metatrader and have some fun with a demo account. There are many bots both paid and free which you can use with forex trading.

Crypto trading is not much different than forex. All you need to make right guesses more than wrong ones.  Cool

I don'.t know about C.A.T. much but if you checked the GunBot you'll see that it makes the most profit if there is a bull market going on. The statistics were like; on a bull market you'll most likely to make %500 with gunbot and you'll be making %400 with holding. Don't remember the exact  numbers but you can think of gunbot as a profit booster.

You probably won't be making any money if everything goes to shit, neither by holding nor botting.

 Trading on a demo account and on a real account is different. When you play on a demo account, you are luckier, and when you replenish a real account, you get more loss:(

The demo account is usually provided by the bot developer. They use fake charts, so you always make more profit while trading. They just want to make you believe their service (the bot) is good and win more than lose on long term. Their interest is only to sell their service and make their profit, doesn't matter if you will lose a lot of money with their bot on real account later...

I think it's not a good idea to trust a lot of money in a bot. It's just an AI, and it will lose all your money without any prudence.

It's good idea to trust a lot of momey in a bot like gunbot or CAT and work in trading with crypto ?
legendary
Activity: 1596
Merit: 1011
each person must have their own opinion. as I am more inclined towards the crypto currency trading, I can more easily retrace groove existing price movements. but returned to the favorite. forex and trading crypto currency is the same. the important thing is you have to do both with the best possible, work harder to get what we want.
legendary
Activity: 1302
Merit: 1027
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?

You don't have any experience on forex it seems. Just download metatrader and have some fun with a demo account. There are many bots both paid and free which you can use with forex trading.

Crypto trading is not much different than forex. All you need to make right guesses more than wrong ones.  Cool

I don'.t know about C.A.T. much but if you checked the GunBot you'll see that it makes the most profit if there is a bull market going on. The statistics were like; on a bull market you'll most likely to make %500 with gunbot and you'll be making %400 with holding. Don't remember the exact  numbers but you can think of gunbot as a profit booster.

You probably won't be making any money if everything goes to shit, neither by holding nor botting.

 Trading on a demo account and on a real account is different. When you play on a demo account, you are luckier, and when you replenish a real account, you get more loss:(

The demo account is usually provided by the bot developer. They use fake charts, so you always make more profit while trading. They just want to make you believe their service (the bot) is good and win more than lose on long term. Their interest is only to sell their service and make their profit, doesn't matter if you will lose a lot of money with their bot on real account later...

I think it's not a good idea to trust a lot of money in a bot. It's just an AI, and it will lose all your money without any prudence.
What demo account are you referring to? If you are talking forex demo accounts then i would really disagree on your statement since brokers would definitely do the opposite thing they would not tend not to cheat their posibble traders in fact they would really be helpful to their demo traders to trade succesfully because once they do decide to go live trading then brokers are earning on every trade they made which means the more successful a trader is the more income or profits they would generate.

In my view the main reason of profit making in demo account is you are playing freely without worry of loosing it as even if you lose it your own investment is not gone but when you start to invest and then play then you are worried of if you lose the investment so in this process what happens is when ever you take position you will be watching is until the position is closed so in this process what happens is even on shorter profit you close the position but when you are in loss you dont close the position in short lose. So in my sense both are same of trading in forex or crypto trading
hero member
Activity: 2926
Merit: 722
DGbet.fun - Crypto Sportsbook
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?

You don't have any experience on forex it seems. Just download metatrader and have some fun with a demo account. There are many bots both paid and free which you can use with forex trading.

Crypto trading is not much different than forex. All you need to make right guesses more than wrong ones.  Cool

I don'.t know about C.A.T. much but if you checked the GunBot you'll see that it makes the most profit if there is a bull market going on. The statistics were like; on a bull market you'll most likely to make %500 with gunbot and you'll be making %400 with holding. Don't remember the exact  numbers but you can think of gunbot as a profit booster.

You probably won't be making any money if everything goes to shit, neither by holding nor botting.

 Trading on a demo account and on a real account is different. When you play on a demo account, you are luckier, and when you replenish a real account, you get more loss:(

The demo account is usually provided by the bot developer. They use fake charts, so you always make more profit while trading. They just want to make you believe their service (the bot) is good and win more than lose on long term. Their interest is only to sell their service and make their profit, doesn't matter if you will lose a lot of money with their bot on real account later...

I think it's not a good idea to trust a lot of money in a bot. It's just an AI, and it will lose all your money without any prudence.
What demo account are you referring to? If you are talking forex demo accounts then i would really disagree on your statement since brokers would definitely do the opposite thing they would not tend not to cheat their posibble traders in fact they would really be helpful to their demo traders to trade succesfully because once they do decide to go live trading then brokers are earning on every trade they made which means the more successful a trader is the more income or profits they would generate.
hero member
Activity: 1148
Merit: 504

The demo account is usually provided by the bot developer. They use fake charts, so you always make more profit while trading. They just want to make you believe their service (the bot) is good and win more than lose on long term. Their interest is only to sell their service and make their profit, doesn't matter if you will lose a lot of money with their bot on real account later...

I think it's not a good idea to trust a lot of money in a bot. It's just an AI, and it will lose all your money without any prudence.

Nope. Demo account on Forex Trading platform base their exchange amount on real time exchange rates. They provide this so that users can familiarize themselves on the platform and also it provides a good venue to practice trading style. The difference lies not on the exchange values but mostly on emotional and psychological effect of money on the user. Users are more relax using demo account so they can execute their trades properly. But on live accounts, they become emotional and sometimes panic sell.

legendary
Activity: 3122
Merit: 1140
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?
Cryptocurrency trading and forex trading do have the same aspects since they are both trading something but volatility does matter crypto moves its price but but does depend on adoption or users which isnt like   forex trading every second counts and prices does move and forex does have trillions speaking of marketcap.
member
Activity: 114
Merit: 100
Trading on a demo account and on a real account is different. When you play on a demo account, you are luckier, and when you replenish a real account, you get more loss:(

that is the kind of effect that emotions have. when you are demo-trading or for example if you are trading on paper or in a spreadsheet you are just playing around with numbers so you sit there and think and make a move.
but in reality, specially when you have a significant amount of money involved, you can not think straight in many situations for example when all of a sudden price of what you have bought drops -10% and continues down.

Yes, emotions interfere with playing on a real account. This leads to disappointment and unwillingness to earn more in this market. Just do not have the patience and determination.
hero member
Activity: 1456
Merit: 579
HODLing is an art, not just a word...
Trading on a demo account and on a real account is different. When you play on a demo account, you are luckier, and when you replenish a real account, you get more loss:(

that is the kind of effect that emotions have. when you are demo-trading or for example if you are trading on paper or in a spreadsheet you are just playing around with numbers so you sit there and think and make a move.
but in reality, specially when you have a significant amount of money involved, you can not think straight in many situations for example when all of a sudden price of what you have bought drops -10% and continues down.
sr. member
Activity: 952
Merit: 250
No they are not the same forex trading is very risky compared to crypto trading, In forex you can lose all your funds in a day if you're prediction is not right unlike in crypto you can wait in a few days before you sell your coins.
legendary
Activity: 1666
Merit: 1001
Even you are using Demo account on Forex you don't lose anything and it doesn't make you lose compared with using real account.
What I can say is crypto trading is most easier than forex because you have lot of coins to choose.

I have to agree that trading crypto currencies is easier than Forex, first of all crypto currencies don't need too big capital so start and to predict the price we just need to follow a lot of forum and see people interest and make the speculation, but in forex you need to search for a lot of factor to know which shares to buy and to sell, the skill for trading both of them is almost the same but the factors for speculating are very different
sr. member
Activity: 840
Merit: 250
www.guestcrew.com
Even you are using Demo account on Forex you don't lose anything and it doesn't make you lose compared with using real account.
What I can say is crypto trading is most easier than forex because you have lot of coins to choose.
full member
Activity: 126
Merit: 100
It's almost very similar. Only crypto currency seems to me much easier than forex, there I could not really understand something for a stable profit.
legendary
Activity: 1120
Merit: 1008
CryptoTalk.Org - Get Paid for every Post!
Hi,

What is your opinion about forex trading vs crypto currency trading?
Which one is better? More profitable ?
- I think crypto trading is quite good for me because i understand crypto way better than forex.
- Both are profitable but with crypto we can make huge profit but risk of losing is also comparatively higher.

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 haven't heard about bots for forex, but there may be some. However i have gone through many forex trading sites where you can copy some of the successful trader to automate your trading.
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