Topic: Why You choose Crypto Trading instead of Forex Trading. (Read 783 times)
Yes, crypto trading can make extra money than forex trading Also crypto isn't under anyone's control We are ready to work as an independent and obtain tons of profit just in case of future investment. the govt doesn't need to pay any tax or subsidy within the case of Forex trading it's never possible to earn in Forex trading from Crypto That's why I prefer crypto trading for profit.
Like many other people here, I am also having experiences in forex markets as forex brokers are in huge numbers along with free deposit bonus and with other catchy promotions to get start with them. But, I am proud to tell others as a crypto trader because only here I am profitable. Crypto trading is easier because most coins are bullish in long term trends perspective. So, planning our trades according to long trends will get us easy profits.
I guess some stocks are crypto kind. They always into bullish trend in long term but they are bindable to one corporate's decisions and business moves whereas cryptos are complete decentralized hence nothing will change suddenly. So, by considering all the factors like being free from unexpected restrictions and being profitable, I guess I am into crypto trading. But when I joined here, I just started after seeing my friends were profitable with crypto trading.
I guess some stocks are crypto kind. They always into bullish trend in long term but they are bindable to one corporate's decisions and business moves whereas cryptos are complete decentralized hence nothing will change suddenly. So, by considering all the factors like being free from unexpected restrictions and being profitable, I guess I am into crypto trading. But when I joined here, I just started after seeing my friends were profitable with crypto trading.
For me, crypto trading can make very good money and fast to grow because of its volatility. You must have the ability to predict the markets enough for you to start and ear profit.
Forex and Crypto Trading.
Forex Trading meaning.
Foreign exchange is the digital trading of fiat currencies globally. This currencies can be influenced by both technical and fundamental factors which traders often leverage on for profitability.
Crypto Trading meaning.
Cryptocurrency trading is the digital trading of Crypto currencies by traders and investors. This currencies operates with a decentralized systems and a public ledger called blockchain.
According to Statista the market cap of Crypto market is USD237.1billion. Bitcoins is the leading Crypto currency in terms of market cap.
Bloomberg reported the market cap of forex market to be USD 6.6trillion as at 2019.
That clearly shows that the market size of forex is larger than that of crypto.
There are some Interesting intersession between the two financial systems. Some are;
* They both use both technical and fundamental analysis to trade.
* They are digital trading based on different financial assets with different set of principles.
* There is always risk to be taken in both markets.
I know we have some differences but that's not what this thread is created for. This is what I want this forum to based the discuss on;
Why do you decides to trade crypto despite the more stable and regulated forex market?
Forex Trading meaning.
Foreign exchange is the digital trading of fiat currencies globally. This currencies can be influenced by both technical and fundamental factors which traders often leverage on for profitability.
Crypto Trading meaning.
Cryptocurrency trading is the digital trading of Crypto currencies by traders and investors. This currencies operates with a decentralized systems and a public ledger called blockchain.
According to Statista the market cap of Crypto market is USD237.1billion. Bitcoins is the leading Crypto currency in terms of market cap.
Bloomberg reported the market cap of forex market to be USD 6.6trillion as at 2019.
That clearly shows that the market size of forex is larger than that of crypto.
There are some Interesting intersession between the two financial systems. Some are;
* They both use both technical and fundamental analysis to trade.
* They are digital trading based on different financial assets with different set of principles.
* There is always risk to be taken in both markets.
I know we have some differences but that's not what this thread is created for. This is what I want this forum to based the discuss on;
Why do you decides to trade crypto despite the more stable and regulated forex market?
I trade forex but theses are the major reasons i will pick Crypto over forex.
1. Centralization (brokers)
2. Crypto market is open 24/7 while forex market is open 24/5
You have to be patient with forex to really make money it is not going to be quick. I have never done crypto trading, maybe worth trying it.
Mate they are almost very the same thing if not entirely the same. Except that the real fundamental to push crypto is uncertain IMO but the platform is the same and technical too are the same. The names of the indicators too are the same.
This means the patient too.
i agree with this.
Your approach to the market is all that matters to me
Why do you decides to trade crypto despite the more stable and regulated forex market?
It's pretty simple, and I'm pretty sure most of the cryptocurrency traders will have the same exact answer— volatility. The cryptocurrency markets are simply far more volatile compared to the stock markets and forex markets hence bigger amounts of money can be made(and lost, of course). In contrast to forex, whereas to make(or lose) significant amounts of money without that big of a bankroll, you'd need to use leverage.
Well some Forex pairs are very Volatile.
The only thing to me is just the centralization in forex.
Simple reasons such stock and forex will crash and potentially leading to default just like what happened to Oil and it is flawed, infinite value, can be manipulated by central authority and even restrict you from using your own fiat money.
In Cryptocurrency, it is scarce no forex posses such a feature, so it cannot be devalued and it is decentralize. A true financial freedom against banks because you can become your own bank by installing an app to store your money whenever you wish to use it.
In Cryptocurrency, it is scarce no forex posses such a feature, so it cannot be devalued and it is decentralize. A true financial freedom against banks because you can become your own bank by installing an app to store your money whenever you wish to use it.
You can make profits even when it's crashing.
I have been into forex trading before I started cryptocurrency trading. Forex trading wasn't really working out for me and when I started cryptocurrency I did it as an investment and that was my main focus and it was working out for me especially during the bull times. It was recently that I started developing interest day trading and I don't do it much, and I also don't put much money into it, because most of the money just goes into investment for a long term.
From experience so far, I don't really think that there is any much difference, they are quite similar except that cryptocurrency is predictably volatile and you will make more profit of you are perfect and can take advantage of that kind of volatility whereas forex market is highly influenced by international news which is too hard to follow to make our trading decisions.
From experience so far, I don't really think that there is any much difference, they are quite similar except that cryptocurrency is predictably volatile and you will make more profit of you are perfect and can take advantage of that kind of volatility whereas forex market is highly influenced by international news which is too hard to follow to make our trading decisions.
Simply because I choose crypto over fiat? I do not care about having more fiat in the sense that I would want to have ideological reasons. Sure I would want more money but I would want it because I need it, not because I specifically like to have more just to have more (many people are like that). No, I want fiat because I need to buy stuff and survive and maybe some luxury but never want more than I can spend, just enough that I could spend and that is the end of it.
But crypto is not like that, I love crypto so much that I want as much of it as possible, I don't care how much I have, I want more. Even if I own 1000 bitcoins one day, I will still want that 1001 bitcoin in the end. Hence to me crypto is much better than fiat and forex is purely fiat so I don't really like it.
But crypto is not like that, I love crypto so much that I want as much of it as possible, I don't care how much I have, I want more. Even if I own 1000 bitcoins one day, I will still want that 1001 bitcoin in the end. Hence to me crypto is much better than fiat and forex is purely fiat so I don't really like it.
You have to be patient with forex to really make money it is not going to be quick. I have never done crypto trading, maybe worth trying it.
Mate they are almost very the same thing if not entirely the same. Except that the real fundamental to push crypto is uncertain IMO but the platform is the same and technical too are the same. The names of the indicators too are the same.
This means the patient too.
To help you guys trade crypto check out the below app, also will have forex and equity trading in the future.
https://hypertrader.app/
https://hypertrader.app/
1. Very high volatility with cryptos unlike forex trading. If done very carefully and well, i can make much more money in a very short period as compared to forex trading
2. Most Forex platforms require KYC which isn't yet a requirement for most crypto margin trading platforms like Bitmex and Bybit.
3. In crypto, markets are always open unlike forex.
I agree with this opinion. however, large volatile levels in crypto make asset movement faster than forex. other than that, I like crypto because each token has a different function, and has a different development. Well, I'm more comfortable using crypto than forex. 2. Most Forex platforms require KYC which isn't yet a requirement for most crypto margin trading platforms like Bitmex and Bybit.
3. In crypto, markets are always open unlike forex.
1. Very high volatility with cryptos unlike forex trading. If done very carefully and well, i can make much more money in a very short period as compared to forex trading
2. Most Forex platforms require KYC which isn't yet a requirement for most crypto margin trading platforms like Bitmex and Bybit.
3. In crypto, markets are always open unlike forex.
2. Most Forex platforms require KYC which isn't yet a requirement for most crypto margin trading platforms like Bitmex and Bybit.
3. In crypto, markets are always open unlike forex.
1. One of the reasons why lots moved from forex to crypto because of profit matters.
2. Main difference because we know that forex brokers are heavily centralized.
3. Yeah, forex markets closed on weekends.
Add up;
4. Banks and big companies are involved into this market so manipulation is most likely yet
slippage is quite common specially with the brokers.
5. Too hassle on going to banks just to get your broker account funded and it do take some time.Same goes for withdrawal request.
1. Very high volatility with cryptos unlike forex trading. If done very carefully and well, i can make much more money in a very short period as compared to forex trading
2. Most Forex platforms require KYC which isn't yet a requirement for most crypto margin trading platforms like Bitmex and Bybit.
3. In crypto, markets are always open unlike forex.
well, not only that is the reason why cryptocurrency trading is better than forex, you can see from the trading system in cryptocurrency when you have coins and prices fall then what changes is only the estimation of assets and when prices recover, your assets also go back up, whereas in Forex trading when you buy and the price falls, then immediately lose some of your assets and when prices go up, no one can return because there are no assets in the wallet. so that's the danger of trading on forex. 2. Most Forex platforms require KYC which isn't yet a requirement for most crypto margin trading platforms like Bitmex and Bybit.
3. In crypto, markets are always open unlike forex.
1. Very high volatility with cryptos unlike forex trading. If done very carefully and well, i can make much more money in a very short period as compared to forex trading
2. Most Forex platforms require KYC which isn't yet a requirement for most crypto margin trading platforms like Bitmex and Bybit.
3. In crypto, markets are always open unlike forex.
2. Most Forex platforms require KYC which isn't yet a requirement for most crypto margin trading platforms like Bitmex and Bybit.
3. In crypto, markets are always open unlike forex.
For me crypto trading makes profits faster than forex trading. As we know the cryptocurrency market is more volatile price movements,
then we can use to generate profits. If forex trading does have to be a little more patient to make a profit, so forex trading is safer than
crypto trading. But for me the number one trading principle is get as much and as much profit as possible, and that can only be obtained
in crypto trading.
then we can use to generate profits. If forex trading does have to be a little more patient to make a profit, so forex trading is safer than
crypto trading. But for me the number one trading principle is get as much and as much profit as possible, and that can only be obtained
in crypto trading.
legendary
Activity: 2758
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
I used to do forex trading, making profit here is very time consuming. On some points forex market is centralized, the benefits of investing in Forex are limited and not so good like crypto. Within a month, the crypto market is down and pumped several times with high multiplier. so, crypto trading is faster and more profitable than forex trading.
- Crypto markets never close, forex do for retail traders
- When you're not trading, holding a deflationary currency is better than holding an inflationary currency (in theory)
- Less professional competition for now
This answer is clear and concise, which is true.
There are actually a lot of things to add on this list and this 3 are the major reason why crypto traders engaged into trading.
Some people will have to stick in forex simply because they cannot take the risks of cryptocurrency's security. They're afraid that their country might suddenly ban crypto trading or Bitcoin itself. They're also afraid of the big swings in crypto that can cause to lose your money for not too long.
I think most traders invest in cryptocurrencies because it is a new interesting technology that was not there before. People are always interested in everything new. Forex is no longer so attractive to people, because everyone has heard about it. And for example, not everyone can participate in the IPO of a company, and in buying coins on the ICO is available to almost anyone.
I dont think so that most people are get attached nor attracted to the new tech but rather i highly believe that they are interested on the profitability level due to high volatility rate.If we do really talk or compare between the two then you can actuallyt tell the difference and this is one of the main reason.
I have been trading forex 4 to 5 years ago but i gave up on it because in the end i was just burning my capital, i actually was not able to use risk management properly but in crypto trading i just trade long charts with most probable entries and overall i hodl good coins so no stress to keep watching markets all the time.
The good thing here on crypto is that you can opt in to hold your coins without blowing up your account unlike in forex where brokers or platforms.Im also a forex trader too and i do definitely agree with this one.
I have been trading forex 4 to 5 years ago but i gave up on it because in the end i was just burning my capital, i actually was not able to use risk management properly but in crypto trading i just trade long charts with most probable entries and overall i hodl good coins so no stress to keep watching markets all the time.
Jump to: