This question seems so simple, yet the answer seems to escape me. Both involve technical and fundamental analysis, which includes indicators, charts, and candlesticks. They make use of the same trading principles, ideologies, and strategies. However, I have yet to see a forex trader who has dumped forex trading for crypto trading. I have yet to see a forex trader who doesn't claim that they make more money than crypto traders. I have also yet to see a crypto trader who has dumped it for forex trading. Have you made a move from Forex trading to crypto trading or crypto to Forex? What happened? Can one do both at the same time?
The principles to trade both markets are the same, however there are some differences which will require an adjustment in your strategy, the volatility of this market is higher and if you do not reduce your position size accordingly then the risks that you will take will be too high and your losses will increase as well, also the reason you probably do not see a forex trader becoming a crypto trader and the other way around is because once you know how to trade and asset and you can obtain profits with it, it makes more sense to specialize on that asset rather than to look for other markets to trade. 
Topic: Why is crypto trading so similar yet so different from Forex trading? - page 5. (Read 665 times)
May 25, 2023, 06:08:31 PM
May 25, 2023, 05:45:09 PM
This question seems so simple, yet the answer seems to escape me. Both involve technical and fundamental analysis, which includes indicators, charts, and candlesticks. They make use of the same trading principles, ideologies, and strategies. However, I have yet to see a forex trader who has dumped forex trading for crypto trading. I have yet to see a forex trader who doesn't claim that they make more money than crypto traders. I have also yet to see a crypto trader who has dumped it for forex trading. Have you made a move from Forex trading to crypto trading or crypto to Forex? What happened? Can one do both at the same time?
From the very beginning, there were large trading leverages in Forex, which very often leads to trading losses. KYC is mandatory in Forex, and it is still possible to trade on crypto exchanges without KYC. The crypto market has no breaks, and many companies do not work on weekends and holidays. hero member
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May 25, 2023, 05:37:19 PM
Possibly, one can do both at the same time, but it depends on how good or smart you are. While both trading has the same pattern of some technical analysis and predictions of the market direction with the help of some indicators and other trading tools, the simple difference is that in Forex trading, the user is only concerned with trading foreign currencies in pairs like EUR/USD and JYAN/USD, while in cryptocurrency trading, the user is concerned with coin/coin, coin/token, token/token, and coin/fiat or token/fiat pairs. That is to say, it's possible that one can learn the two depending on their personal capabilities. There is always risk in both types of trade, so I can't say that crypto traders make more profit than forex traders; they both encounter losses, but what matters is how experienced one is; if not, they will encounter more losses than the other.
May 25, 2023, 05:29:44 PM
The bottom line there is that forex and crypto are both trading there's no much different, same principle you uses in forex same with cryptocurrency. They make uses of all analysis, charts, candlestick and whatsoever, sometimes forex traders are more smarter than cryptocurrency traders because they undergo series of class and training before they could venture into it, but as a Cryptocurrency trader I think what you needed most is for you to understand the coin you are trading with whether is a reliable coin or not. Crypto seems more reliable than forex so there's no much differences it all depends on individuals how they understand it and learn from.
May 25, 2023, 05:27:24 PM
In defining concepts, trading in virtual assets includes both stocks and cryptocurrencies, and there is not much difference in both activities since it is clear that the same tools and even strategies are used. And to find that some traders have changed trading activity from stocks to crypto does not mean at all that they succeeded with one or failed with the other. This is like going from trading bitcoin to trading ripple, both of which are called trading.
The difference that can be tempting for adventurous traders is that they will move to the field of crypto since prices are very volatile and fantastic profits can be achieved in a short time (they can lose imaginary losses as well), while those who prefer safer investments prefer stock exchanges and Since the prices are more stable.
The difference that can be tempting for adventurous traders is that they will move to the field of crypto since prices are very volatile and fantastic profits can be achieved in a short time (they can lose imaginary losses as well), while those who prefer safer investments prefer stock exchanges and Since the prices are more stable.
May 25, 2023, 04:58:22 PM
We all have our trading strategies which works for us, those who are trading in the forex believe they are the best people on the open market, like they are making the best that the market can offer, why those who are also in the crypto (me included) believe the best things are from crypto trading and that forex has a very higher risk which makes me avoid it the more.
May 25, 2023, 04:41:12 PM
This question seems so simple, yet the answer seems to escape me. Both involve technical and fundamental analysis, which includes indicators, charts, and candlesticks. They make use of the same trading principles, ideologies, and strategies. However, I have yet to see a forex trader who has dumped forex trading for crypto trading. I have yet to see a forex trader who doesn't claim that they make more money than crypto traders. I have also yet to see a crypto trader who has dumped it for forex trading. Have you made a move from Forex trading to crypto trading or crypto to Forex? What happened? Can one do both at the same time?
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