Topic: Which one is better? Forex or crypto currency trading? - page 21. (Read 21998 times)

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.

A demo account is based on the same exchange as a real account, it's just playing around with trades that you could have made rather than real ones.  It doesn't say anything about whether you're going to succeed or fail.  That'll only be the case if you signed up for a real account before you were actually ready and you thought you were more experienced than you were.


You do have to have experience for Forex trading.  It's not easy.  Don't go and start trading and say to yourself that you can just buy into some currency because of an event that's going to happen and you'll make a huge profit.  Forex is very profitable because of its typical volatility, the same reason that cryptocurrency trading is profitable, but Forex is hard and no matter what you do there are going to be people who are more intelligent than you trading.  You have to be aware of that.

Cryptocurrency trading is like Forex except no one's actually spending most of the currencies except for putting them into trading accounts, messing around with and manipulating the price, and then taking it out again as Bitcoin or USDT.  Cryptocurrency trading is much more likely to be a speculative investment because everyone trading cryptocurrencies based on what the value could theoretically be in the future rather than what the usage could be.  Even if you find a really legitimate coin and you put money in near the beginning, a whole host of things could go wrong at any time and a lot of people just won't be prepared for it.  Crypto trading is risky, but you also know that if you find the right coin and you join early (since cryptocurrencies on exchanges are made much quicker than fiat currency and often have less value at the start), you could make hundreds or even thousands of percent ROI on some occasions.

You need to treat Gunbot and C.A.T as aids to this rather than solutions to your problems because cryptocurrency trading relies on intelligence as well.  For anyone to succeed, someone has to fail, so you're really thinking about how to use everyone else's manipulation of the market to your advantage - if everyone used a bot, they wouldn't work anymore.  You have to find the best coin to trade, what difference you want to be buying and selling at, find how to read graphs and various other factors before you'll be successful using the bots either.  

Forex bots are the same except it'll less likely that the currency will collapse to nothing so you can do it on the same pair for longer.

 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:(

In my opinion, that mostly depends on the education, and experience of the trader.
If someone has played for 10 years on FX, that might be a better idea to just stick with the old habits, and use frequently pairs that you have used to.
However, if someone has a decent knowledge about cryptocurrency markets and also about trading in overall (stocks,forex,CFD) but is not yet so experienced, then switching your main focus on cryptocurrency markets might turn out as a brilliant way to make the profits out of the speculation.

We need to not forget about big players participating in forex markets, because every time you hop in the rollercoaster, you play against the whales.

For me personally, and forex trading does have the same concept. but in forex more goes into the level of prediction or analysis on the holders of money that exists in the world. For crypto are more likely on trading the wearer or enthusiasts of the one coin. And also not all trading have the same technique, usually people who are successful in the trading are those who always do innovation and seeking answers from every problem that exists. And also a software bot is definitely has a weakness in the prediction and analysis, so that the bot is less effective for a trader to make a profit
 

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.  

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.

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?