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Topic: Why You choose Crypto Trading instead of Forex Trading. (Read 845 times)

full member
Activity: 798
Merit: 104
🎄 Allah is The Best Planner 🥀
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.
sr. member
Activity: 2660
Merit: 339
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.
jr. member
Activity: 448
Merit: 4
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.
member
Activity: 84
Merit: 14
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?

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
member
Activity: 84
Merit: 14
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
member
Activity: 84
Merit: 14
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.
member
Activity: 84
Merit: 14
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.

You can make profits even when it's crashing. Grin
full member
Activity: 1162
Merit: 168
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.
legendary
Activity: 2996
Merit: 1132
Leading Crypto Sports Betting & Casino Platform
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.
member
Activity: 1302
Merit: 25
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.
newbie
Activity: 11
Merit: 0
To help you guys trade crypto check out the below app, also will have forex and equity trading in the future.

https://hypertrader.app/
legendary
Activity: 2758
Merit: 1004
Buzz App - Spin wheel, farm rewards
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.
hero member
Activity: 2926
Merit: 722
DGbet.fun - Crypto Sportsbook
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.

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.
sr. member
Activity: 882
Merit: 251
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.
copper member
Activity: 2170
Merit: 1827
Top Crypto Casino
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.
sr. member
Activity: 1876
Merit: 318
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.
legendary
Activity: 2884
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.
hero member
Activity: 2716
Merit: 552

  • 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.
legendary
Activity: 3094
Merit: 1127
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.
sr. member
Activity: 1442
Merit: 265
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.
sr. member
Activity: 994
Merit: 260
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.
full member
Activity: 798
Merit: 104
🎄 Allah is The Best Planner 🥀
I accept as true with you that Forex crypto is already within the market but its use is extremely low Everyone loves crypto trading I prefer crypto trading Crypto trading is extremely simple and it's not under anyone's control. Everyone can invest in the currency as they want. As Forex trading is centralized, the worth of the currency is decided beforehand Crypto trading is often done as per one's wish albeit one is busy with various activities Everyone prefers crypto trading when it involves making more profit.
full member
Activity: 2520
Merit: 204
Because i know nothing about forex as my friends are all crypto traders
and they influenced me doing same ,also i am
a working person eversince i was young and no knowledge at all in any
 sort of trading ,i mostly spend my time in office
 using my extra time for overtime and gamings.but life change when i
learn about crypto as my time now dedicated from
 work and here in crypto world.
legendary
Activity: 2758
Merit: 1004
Buzz App - Spin wheel, farm rewards
I like crypto trading because it is easy to learn you buy a coin and hold it and wait for the price to increase but the forex have many steps to do before they earn and takes weeks I guess before you fully understand on how forex works but in trading in only hours or 1 day you can understand the trading and you can start on that day .
somehow I also feel that seeing crypto trading is much easier than forex. however, so far, I have often seen crypto, and many considerations we can take. Well, it could be because the pump and dump information from crypto is more clear than Forex.
full member
Activity: 1190
Merit: 117
Crypto trading and forex trading are the best ways to make money in the current digital era, and both are profitable. But I decided to
choose crypto trading over forex trading because in my opinion crypto trading can make a profit big ones in faster time. Because crypto
trading prices are volatile where the movement is only in a few hours can change quickly, can go up or down. That can be used to generate
profits, it looks very risky. But if we understand how to read crypto market movements, the risk can be minimized.
legendary
Activity: 2576
Merit: 1655
The simple answer is that there are more profits in crypto because of its volatility. Individuals can go to an exchange, buy and slowly learn to trade and make money specially that the market is open 24x7 . Forex is somewhat stable and if you are person that doesn't have the patience then it's not for you. So I would say that it is somewhat related to our lifestyle. If you have the personality that want more risk more reward then crypto trading is for you.
hero member
Activity: 1666
Merit: 629
Although I am trading in both markets, there are several important reasons why I prefer crypto money markets. These;

Volatility: As the prices of cryptocurrencies are more volatile compared to foreign exchange markets, they provide more transactions. Although this is not a very positive thing for many investors, it has been one of the most important factors for me to prefer crypto money markets.

Decentralized Structure: Since there is no central intervention, the market is completely priced with supply-demand balance. This is one of my reasons for preference. (Except for the manipulations of big investors, what I said is valid.)

Transaction with Low Commission: We pay much less commission for cryptocurrency transactions compared to foreign exchange markets. For example, I pay a commission of %0.3-0.5 in foreign exchange transactions made through the bank, while I pay a maximum of 0.10% commission for the transactions I have made in the crypto money markets. This is another important factor that is effective for me to make more transactions in the crypto money markets.

High Risk and Return: Since the crypto money markets are a new and uncontrolled market, the risk threshold is also high. Indirectly, the return is directly proportional to the risk. We have the chance to get more returns compared to the foreign exchange markets, as well as the possibility of losing.
legendary
Activity: 3178
Merit: 1054

well in crypto, you can hold a coin for as long as you can and your money still profits while you hold USD in forex market for a long time and you still get the exact amount you have.  crypto is for all. if you are not a trader, you still can be in crypto and profit when the prices moons. this i believe is a good reason to stay in crypto. another reason is that crypto market works 247 but forex sessions only from monday to friday.

hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
Because of in crypto trading the volatility was too aggressive compared to Forex trading, that's the main reason why I like digital currency rather than the real currency. Even up to the present I continuously earned more in Bitcoin or cryptocurrency. And you can anytime do trade in crypto trading compared to FOrex trading too.

Don't forget about the minimum deposit that you should do before you trade in the forex because that is what I read on some website. The forex trading will depend on the situation in the country, and if something happens like the Covid-19, the forex market will drop like what we saw. Crypto market can get the effect, but the effect will not too big as the forex market. That is what I see on forex trading and crypto trading, but I could be wrong since I don't trade forex.
hero member
Activity: 1834
Merit: 523
I like crypto trading because it is easy to learn you buy a coin and hold it and wait for the price to increase but the forex have many steps to do before they earn and takes weeks I guess before you fully understand on how forex works but in trading in only hours or 1 day you can understand the trading and you can start on that day .
full member
Activity: 1638
Merit: 122
the reason why forex have a huge market cap its because it is existed before crypto right ? but if given a time , crypto can also grow big inf the future and might surpass the market cap of forex  . the only reason i chose crypto trade is because i have more knowledge with it compare to forex  . we can earn easily from scratch with cryptos while on forex , you must have an adequate capital and you still need to work hard for your trade to be able to possibly earn some   . there are many infos and trick or tips for cryptos too based on what i see
sr. member
Activity: 1498
Merit: 374
Leading Crypto Sports Betting & Casino Platform
I'm into the world of trading for a few months ago and one of the thing that's why I choose the crypto trading because it is more volatile than the fiat currency it does not change too much as it changes for over a day and its just only a less dollar per day but in cryptocurrency you can make a lot of changes every time that is the market more volatile unlike the others and one of the struggles into market trading is with the use of the coin which is good at trading not all of the coins are preferably for trading some of them are just stable. Also in trading, there are a lot of market indicators to make sure your trading will win and get a huge amount of profit.

I didn’t try to trade of forex because I‘m a victim of forex investing before and from that moment I told to myself that I will not invest on it and fortunately the world of cryptocurrency came to save me so I make sure this time to study first before trading. Also there’s a time difference in my country on forex market, so for me its better to trade crypto 24/7 and anywhere i am.

We have different times too this is one of the downsides even you are in another country and you trade other currencies you always need to monitor their time too which is a good time to make trading.
legendary
Activity: 3710
Merit: 1170
www.Crypto.Games: Multiple coins, multiple games
Anyone who thinks things that work in Forex works in crypto are in for a biiiig ride of their life. Things that work in forex do not work in crypto in many times, just not in general.

So, for 40 days you could act like crypto is forex and actually even make money, and one day BAM! something so out of ordinary and something so unexpected happens that you lost 50% of all your income over night, you crash, your position liquidates and basically all around everything sucks. You know why? Because there is no laws in crypto, there is decentralization, nobody can tell you what to sell, when to sell, and how to sell.

You can get together with bunch of billionaires, make them all buy bitcoin at the same time to increase the prize, make them all publish an article about how awesome bitcoin is, and make them sell 1% of their position for 100 days to get rid of all their bitcoins. Normally that would be illegal anywhere else, here there is no illegal at all.
legendary
Activity: 2268
Merit: 1655
To the Moon
maybe because I was exposed to crypto before I was with forex, I was used to the rigors of crypto. I feel that I can predict the trend of bitcoin more easily than forex, because I am conveying experience from many previous people and I am quite confident when entering the order. As for forex, I have tried and failed 3 times. Forex trading needs to understand more about many countries' events and if we do not understand, our technical analysis is redundant.

I didn't trade Forex myself, but I knew a lot from my friends who worked there. They were the first to understand the advantages of trading cryptocurrency, compared to Forex. This is due to the high volatility and high liquidity of the cryptocurrency.
full member
Activity: 363
Merit: 100
Because of in crypto trading the volatility was too aggressive compared to Forex trading, that's the main reason why I like digital currency rather than the real currency. Even up to the present I continuously earned more in Bitcoin or cryptocurrency. And you can anytime do trade in crypto trading compared to FOrex trading too.
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
First i know nothing about Forex exchange while in Crypto i can just buy and wait that is enough as investments since this is only my second way to earn.
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.

Is this proven mate?FreshForex platform allows to trade with many options?does required putting money first?like other platform that there are minimum amount to start trading?

newbie
Activity: 6
Merit: 0
Things that used to work in forex still work in crypto. The lower barrier to entry fosters less professional competition. Still, I do like fundamental analysis of forex more than crypto. You learn so much more about financial systems and how the world works. I would recommend to anyone trading crypto exclusively to learn a bit about forex fundamental analysis. Babypips is a good resource. 
sr. member
Activity: 1330
Merit: 326
First off, I am still learning how to trade in forex trading thus I am focusing in crypto trading before I can finally decide whether to enter another field of trading like forex.

As I knew the differences between the two, I mean determining fiat inflation or deflation through technical analysis,too but it makes me harder to trade in forex than in crypto. And for me, forex trading is more compicated because it involves three parties like brokers, middleman and other company. It takes time for me to try it out.
full member
Activity: 504
Merit: 100
Option Blitz
maybe because I was exposed to crypto before I was with forex, I was used to the rigors of crypto. I feel that I can predict the trend of bitcoin more easily than forex, because I am conveying experience from many previous people and I am quite confident when entering the order. As for forex, I have tried and failed 3 times. Forex trading needs to understand more about many countries' events and if we do not understand, our technical analysis is redundant.
sr. member
Activity: 1624
Merit: 315
Leading Crypto Sports Betting & Casino Platform
Why do you decides to trade crypto despite the more stable and regulated forex market?
The stability is the very reason that I personally choose cryptocurrency trading rather than forex trading. Crypto trading has days where there will be constant dips and that can be an opportunity for traders to buy a piece at low price and profit large amounts when the price of the said cryptocurrency skyrockets, meanwhile in forex trading you are wishing for instability of the government so that you can buy more and the profit margin is very low.
legendary
Activity: 2758
Merit: 1004
Buzz App - Spin wheel, farm rewards
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.
jr. member
Activity: 391
Merit: 1
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.
full member
Activity: 686
Merit: 102
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.
legendary
Activity: 2590
Merit: 1882
Leading Crypto Sports Betting & Casino Platform
~snip~

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.
sr. member
Activity: 1876
Merit: 289
Zawardo
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.
full member
Activity: 1339
Merit: 157
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.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
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.
full member
Activity: 865
Merit: 104
https://paradice.in/?c=bitcointalk
1. decentralized
2. part of fees are paid to crypto infrastructure
2.5 Forex is so early 2000s
3. Huh??
4. PROFIT
hero member
Activity: 2520
Merit: 783
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.

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.
hero member
Activity: 3010
Merit: 629
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.
legendary
Activity: 3052
Merit: 1188
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.
member
Activity: 690
Merit: 12
There are consequences for every action
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.
legendary
Activity: 2884
Merit: 1117
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.
member
Activity: 532
Merit: 36
There is gold in volatility..

  • 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.
sr. member
Activity: 1036
Merit: 281
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.
full member
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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.

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.
legendary
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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.
jr. member
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  • 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
full member
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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
legendary
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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.
jr. member
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I choose crypto than forex it's because I understand the crypto trading than forex,Forex its hard to understand the forex I'm not trading profissional,I know scalping only and basic trade ☺️
member
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There is gold in volatility..

~~~
. Fundamental always affect crypto and we can noticed that, but always have even a basic guide on technical so you would have idea how to move or creatw such action when right time for buy and sell is imminent.

I believe both trades are affected by price movement which is technical analysis and politics and trends which is fundamental analysis.
A combination of the two will ensure that there is an optimal advantage to a  trader.

There are people that trade based on political news while there others that trade based on price movement.
A hybridization of the two will be perfect.
hero member
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There are some Interesting intersession between the two financial systems. Some are;
 
* They both use both technical and fundamental analysis to trade.

No. Aside from security tokens majority of cryptocurrencies we have in the market including Bitcoin has barely to none existent Fundamental analysis, why? Because it is not a company where they have financial information on their earnings, assets, or losses. How can you do Fundamenta Analysis on these cryptocurrencies if these crypto can't product financial data?


* 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 don't even know what is your point on these two since we are talking about trading everything now exists digitally, we don't print out paper anymore if we purchase stocks of companies or buy any asset online not unless you request it to your broker. And yes it is obvious that there is risks involved in these markets but it doesn't mean they have similar risks involved.

Why do you decides to trade crypto despite the more stable and regulated forex market?

Because the gain we will have in forex trading for a year might just be one day in the crypto market. Yes we can have more potential gain in a shorter period in the crypto market but also it is more riskier compared to forex but I think that's what a lot of people accepted already since they would rather be on a fast moving asset rather than an asset that can only give them a slow progress.
sr. member
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Vave.com - Crypto Casino
Maybe because its unusual? I am not started to trade on forex but I know that this is good. Maybe fate that I learned cryptocurrency trasing first than forex. I have a lot of encouragement from friends to tey out forex since I know some background about trading already. Maybe I like how the set up for trading on crypto which is not regulated. Cause most forex can make you bleed. Talking about volatility, for sure everyone will agree how risky crypto is but the profits here is much good if you know the vasics of it. Fundamental always affect crypto and we can noticed that, but always have even a basic guide on technical so you would have idea how to move or creatw such action when right time for buy and sell is imminent.
sr. member
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Forex exchange is more stable than crypto it will not go up with massive percentage or go down as well. While on the cryptocurrency you can experience it. Because cryptocurrency potential is far greater than these national currencies. Some crypto has limited supply except ETH which is increasing now and then, Most cryptocurrency especially bitcoin has limited supply so the probability to go higher is big, more chances of profit on cryptocurrency but the loss is also expected if you don't know what you are doing, be responsible if you trade.
Basically cryptocurrency market is both for short and long term investment and trading unlike forex which is less volatile so you could be waiting a month before you can decide whether you pull it out or still continue holding. Crypto trading more complex than forex in my opinion since forex is heavily regulated that'sy speculation of the people could help your investment grow in no time, could also lose it all otherwise. Cryptocurrency like bitcoin is most likely to be the best short and long term trade material for cryptocurrency.
full member
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I believe the major reason from members is the volatility which can give traders huge return in a very short time. Trading bitcoin is very fast in return just like a gold paired with fiat currency. This volatility is because of no adequate regulation and so good traders take advantage to make money especially swinging their trade or orders.
hero member
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Top Crypto Casino
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.

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.
full member
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Forex exchange is more stable than crypto it will not go up with massive percentage or go down as well. While on the cryptocurrency you can experience it. Because cryptocurrency potential is far greater than these national currencies. Some crypto has limited supply except ETH which is increasing now and then, Most cryptocurrency especially bitcoin has limited supply so the probability to go higher is big, more chances of profit on cryptocurrency but the loss is also expected if you don't know what you are doing, be responsible if you trade.
member
Activity: 532
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There is gold in volatility..
The volatile market of crypto has attracted me. Crypto traders come to trade crypto due to the volatile behavior of the crypto market. Because of this volatile market there is an opportunity to make huge profits in less time. And the rest of the market is not as volatile as the crypto market, so it takes a lot of patience to trade and profit in all those markets.

But I have seen many people do crypto trading and forex trading together. Their trading knowledge is so good that they can get good results on both sides. So I think if you can improve your trading knowledge, you can do well in all markets. However, there are risks in all markets, so you have to prepare yourself to deal with all the risks.

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.



. 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.

I understand your comment. There is a concept I've not still understand which is "Leverage ". Is it a concept in trading or it's  literal word we use daily?

[moderator's note: consecutive posts merged]
hero member
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Top Crypto Casino
The volatile market of crypto has attracted me. Crypto traders come to trade crypto due to the volatile behavior of the crypto market. Because of this volatile market there is an opportunity to make huge profits in less time. And the rest of the market is not as volatile as the crypto market, so it takes a lot of patience to trade and profit in all those markets.

But I have seen many people do crypto trading and forex trading together. Their trading knowledge is so good that they can get good results on both sides. So I think if you can improve your trading knowledge, you can do well in all markets. However, there are risks in all markets, so you have to prepare yourself to deal with all the risks.
legendary
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I was always afraid to trade for fiat money. I thought if I start and I would be losing, I would lose even more, trying to come back to at least 0 (the amount I’ve started to trade). But then all of a sudden I found out about cryptocurrency, bought my first alts and managed to do x2 during my first trade (it was a pump, *caugh* trap). Later I’ve discovered this forum and bounty campaigns. So I started to trade with funds from bounties. I it could be said like this: “I’m trading with artificial money and no fiat money are spent during trades. Aka My funds/savings are safe”.
sr. member
Activity: 1456
Merit: 359
My reason is simple,  because I get used to it and for me the volatility in cryptocurrency market is more good where I can make more money but the approaches in forex and cryptocurrency trading is both the same for me. I tried to open a account before where I tried to trade forex, I used the same approaches that I applying in cryptocurrency market and luckily it is also working in forex. And also the leveraged offering in cryptocurrency market is more higher than in forex.
sr. member
Activity: 1400
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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.
member
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$$P2P BTC BRUTE.JOIN NOW ! https://uclck.me/SQPJk
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 like gambling machine, but all potatos, apples, etc replaced to EURUSD, GBPUSD etc. But using forex patfoms for buy BTCUSD with 100 margin power can will be profit.

On Forex - ALL QUOTES GENERATES LIKE IN GAMBLING MACHINI !!!

Forex - https://www.google.com/search?q=gambling+machine&client=firefox-b&tbm=isch&source=iu&ictx=1&fir=zLRn1xGdlZIubM%253A%252CvyL8WMmiCJyDRM%252C_&vet=1&usg=AI4_-kRVNxTJl4rCJw3XIC-6GzjdWU9v1w&sa=X&ved=2ahUKEwj186vbyavpAhUwsKQKHRStAE0Q9QEwAXoECAkQHg#imgrc=zLRn1xGdlZIubM:
mk4
legendary
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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.
member
Activity: 532
Merit: 36
There is gold in volatility..
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?
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