Topic: Why You choose Crypto Trading instead of Forex Trading. - page 3. (Read 784 times)
as far as I know, the difference only lies in the currency. however, at the moment I am too deeply involved in the world of cryptocurrency, besides that, the volatile level of some crypto is faster than forex. Yeah, but that's not my main reason, it's because I really like crypto.
I choose to do all kinds of trading instead of just Crypto. And that’s exactly what I do with help of FreshForex broker, as they allow to trade through over 130 instruments which includes Cryptos too. So I always try to trade on everything that I am comfortable with.
Why do you decides to trade crypto despite the more stable and regulated forex market?
About comparing between both currency, Forex trading running from centuries and the crypto currency not more than 15 years. So this is one of the main reason why forex market cap much bigger than crypto currency. It is true that forex market more stabilize than crypto currency but the most valuable thing in crypto currency is freedom. Here you can make money and no bank or government will can force to talk about your earnings. There are lot of good benefit in crypto but i think freedom is more important one.
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I think that one of the things that most influences is that the Crypto market has a lot of volatility, if you learn to understand volatility it is a very profitable plus, the forex market is stable, but when comparing at the moment due to the fundamental covid-19, you see affected, and is practically correlated, while Bitcoin has a low correlation with the other speculative markets, it can be understood that there are great opportunities with it.
Well I like more in trading cryptos than forex because of high volatility we can make money in a short time but we can lose easily lol.
I try to learn about forex before going to crypto trading but I immediately turned to crypto trading since I know more about cryptocurrency and able to easily familiarize the process and the trading websites. I choose crypto trading since I already have background about cryptocurrency and I can be able to invest at the same time with BTC and other cryptocurrency. The volatility in the cryptocurrency is way to high and with that its have the same risk but crypto can gain profit in short period of time.
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I choose crypto trading instead of forex trading is because crypto trading is not too complicated than forex trading. While I see the lesson of forex trading, I feel that it is too difficult for me to learn, and I did learn for some lesson, but I cannot understand because maybe I am not good to learn. But in the crypto trading, I learn for some lesson, and I found that it is not too difficult as the forex trading, so that makes me choose crypto trading. Besides that, to start a crypto trading, I can select any amount of money, and I don't have to use a minimal deposit amount to start trading.
1. decentralized
2. part of fees are paid to crypto infrastructure
2.5 Forex is so early 2000s
3.
??
4. PROFIT
2. part of fees are paid to crypto infrastructure
2.5 Forex is so early 2000s
3.
??4. PROFIT
I tried forex trading before but the profit is not that high even you have a decent amount of capital. Then I learned about crypto trading and I find it more attractive and not complicated so I switched to it.
I was not wrong with my decision because crypto market is high volatile and the prices of coins can turns up and down in a short period of time giving us a high chance to earn.
I was not wrong with my decision because crypto market is high volatile and the prices of coins can turns up and down in a short period of time giving us a high chance to earn.
That's what I found before and maybe forex trading is for people who have huge balance since if you only trade with small amounts you will earn not decent enough every trades you make, unlike crypto where chances to get a 100% or even 200% is possible when you found a good alts pumping crazily.
I tried forex trading before but the profit is not that high even you have a decent amount of capital. Then I learned about crypto trading and I find it more attractive and not complicated so I switched to it.
I was not wrong with my decision because crypto market is high volatile and the prices of coins can turns up and down in a short period of time giving us a high chance to earn.
I was not wrong with my decision because crypto market is high volatile and the prices of coins can turns up and down in a short period of time giving us a high chance to earn.
There is one thing different between them. Forex has a lot to do with governments whereas crypto has nothing to do with anyone at all. Forex could make you win a lot or lose a lot when a president of a nation comes up and delivers a great message and does something awesome, or could lose you a lot of money when someone comes up and says stuff that makes no sense and usually doesn't seen with good light.
So, forex ties to government, which is understandable because fiat is tied to governments and forex is fiat, just fiat between each other, instead of one fiat, you are investing to a fiat against another fiat, you say dollar will do better than euro or vice versa, so you are pitting governments and national economies against each other. Crypto has none of that.
So, forex ties to government, which is understandable because fiat is tied to governments and forex is fiat, just fiat between each other, instead of one fiat, you are investing to a fiat against another fiat, you say dollar will do better than euro or vice versa, so you are pitting governments and national economies against each other. Crypto has none of that.
There is no specific type of reasons why you can choose forex trading over crypto trading, or crypto trading over forex trading.
While learning how to trade, you must have been told to stick to the strategy you know and able to perfect seamlessly, this should be the sole reasons that guides your decision.
While learning how to trade, you must have been told to stick to the strategy you know and able to perfect seamlessly, this should be the sole reasons that guides your decision.
I think the most reason is because they believe they can make more money from cryptocurrency than they will do with trading forex. But it all depends, there are also people who don't like cryptocurrency and they prefer to trade on forex. The both of them have their own pros and cons , you just have to consider those and know what's right for you, whether it is the cryptocurrency trading or the forex trading.
There are people who feel that there is more profit in trading cryptocurrency than when you're trading forex, but I don't really know that for sure, I feel that there is profit in both of them, it all depends on what you're trading with and how m, and whether you're doing it right.
There are people who feel that there is more profit in trading cryptocurrency than when you're trading forex, but I don't really know that for sure, I feel that there is profit in both of them, it all depends on what you're trading with and how m, and whether you're doing it right.
- 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
You've a great remark.
The forex market is 24/5 is 24 hours everyday for 5days and there is no trading in weekends.
The crypto market is 24/7 that means 24hours in seven days and there is no stop.
I feel a currency platform that trade non stop should preferable as you can trade anytime of the day and any days of the week.
I believe it all depends on the trader itself.
A forex trade who already knows how to read and trade on the forex markets will be saying forex better than crypto. Then a crypto trader who already knows how to read and trade on the crypto market will be saying crypto was better than forex. A thread like this, mostly went the thread was created on the cryptocurrency forum of course everyone will be saying crypto was better than forex, they will be doing the same thing on the forex forum
No matter which market ur trade, as long we can get profit then not really a problem.
There will be a bias if we will get answers for those people who trade in cryptocurrency market or vice versa, I both trade forex and cryptocurrencies after all. The setups are the same but the time frame that I using is not the same. In cryptocurrency I'm more a swing trader where I often use 1 day time frame while in forex I use 10 minutes, 15 minutes and 1 hour time frame because I get used to it and I;m more scalping and momentum trader with forex. A forex trade who already knows how to read and trade on the forex markets will be saying forex better than crypto. Then a crypto trader who already knows how to read and trade on the crypto market will be saying crypto was better than forex. A thread like this, mostly went the thread was created on the cryptocurrency forum of course everyone will be saying crypto was better than forex, they will be doing the same thing on the forex forum
No matter which market ur trade, as long we can get profit then not really a problem.
While your comment is very correct here is my thought.
Instead of being jack of all trades and and master of none it's better to be jack of one and master of one.
I suggest one should choose either crypto or forex trading and specialize on it. That'll be more profitable than doing the two at once.
Instead of being jack of all trades and and master of none it's better to be jack of one and master of one.
I suggest one should choose either crypto or forex trading and specialize on it. That'll be more profitable than doing the two at once.
Yeah. Not all traders work with two platform at once. There are some traders who do well in both markets. I also agree with you that if you can get a good knowledge about one, you don't need to trade in two markets. The more you have an idea about that market, the better you can trade in that market. It does not need to go in both directions. But if you have interest and confidence, you can trade in two markets. But I think if you can gain a good knowledge of trading, and understand the movement of the market, then you have a chance to do well in all markets.
Crypto trading and Forex trading are very different from each other, they both required different techniques and strategies in the market. Forex trading let you manipulate stable coins such as fiat money and you will just need to consider the market and the economy related to fiat currency.
In Crypto trading, it is much volatile in the market, it is harder to manipulate and manage your coins. You need to have speculations and good strategy in order to become more effective in crypto trading. You need to perform technical analysis in the movement of the market.
They have different approaches and it is more likely that if you are used to one of this, you will have a hard time accessing the other one. You can't apply strategies from one platform to another so I guarantee you to really study about the importance of both trading platforms.
I believe it all depends on the trader itself.
A forex trade who already knows how to read and trade on the forex markets will be saying forex better than crypto. Then a crypto trader who already knows how to read and trade on the crypto market will be saying crypto was better than forex. A thread like this, mostly went the thread was created on the cryptocurrency forum of course everyone will be saying crypto was better than forex, they will be doing the same thing on the forex forum
No matter which market ur trade, as long we can get profit then not really a problem.
A forex trade who already knows how to read and trade on the forex markets will be saying forex better than crypto. Then a crypto trader who already knows how to read and trade on the crypto market will be saying crypto was better than forex. A thread like this, mostly went the thread was created on the cryptocurrency forum of course everyone will be saying crypto was better than forex, they will be doing the same thing on the forex forum
No matter which market ur trade, as long we can get profit then not really a problem.
- 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
I like to trade cryptocurrencies than forex because there is a higher volatility and also there is a bigger risk than in forex . Higher risk but at the same time higher earnings
I am not much familiar with forex trading but I am quite familiar with crypto trading. That's the reason why I am not interested on forex nor I have intention to learn it. On the crypto you are able to take advantage of volatility which has answered by most of users here. As far as I know there is chances even your portfolio could become almost ZERO (it would be wrong). But on the crypto at least your portfolio will not ZERO(if you do not buy scam coin), and likely you would save your fund with small loss.
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