Bitcoin Forum

Hello  I wanna be frankly

To live trading forex  you  need  to have big capitals, which  can absorbe the losses  and let you enter in a trade with a good risk/reward ratio.  

Only entering in less  trades...  and entering in trades with  high probability of success,   you can earn from trading.  Entering with big capitals.

In this  way you can live of forex, because  you can make only on trades with a good risk/rewad ratio, and your in.

Is  it the same with cripto or  with cripto you need  less  money to  trading for living?

I personally don't day trade for a living, as I'm more of a semi-long term trader, so take what I say with a grain of salt. I personally think that forex trading is similar to cryptocurrency trading. The only difference is that cryptocurrencies are far far more volatile compared to stocks and foreign currencies, as you may probably know just by looking at the price graphs of almost all cryptocurrencies. Yes ofcourse you can start with low capital with cryptocurrency trading. You just need to make the right trades at the right times and at the same time with the right amount.

Trading can be fun and exciting if you are making profits, but one bad move, or an unlucky swing downwards and you will be in red. buy and hold for a couple of months, maybe three, you shall profit.

no it is not,
i ever tried this a few years ago,the first time when i entered this cryptoland was to trade for my living.
to be exact i hope i get profit everyday so i can live with it,but i was to naive.
it's not really easy to do that in the cryptoland because you can lose it all in the next morning.
unlike Forex,Bitcoin does not need a lot of factor to determine the price and the movement,
while Fiat need a lot of factors to make a decision based on our economy.
just based on chinese statement alone the price can go drop half of it and can increase a half of it.
for the first time whe i traded my Bitcoin,i got a profit for more than 30%/day but whenever i try to increase it in the next day i always end up lossing it.
Bitcoin price is unpredictable,and no matter how good your strategy are it will never can predict the movement in the next day.
you will end up lossing it,that is why i stopped doing it and always holding it because no matter what the price will always increase in the next year or around that and the demand increasing by day.

To be a successful trader one needs a lot of understanding how to read the graph and trend but you also need luck on your side. The price swing is very different from forex, so you have to monitor every moved and you need not just a money but time as well. I also gave up day trading as well, would rather hold longer or mid term because I don't have much time on my hand right now. For others, its really exciting and fun. Capital is another thing, maybe you can start small and see how it feels. If it doesn't fit you, then its better to go out early. But if you find it exciting and even a small lost is fine, then you should go for it.

I think it is just the same as forex that you need huge amount of investment in order to live just choose ant crypto with less risk and you are good to go. And if you heard that you can make profit in small investment in crypto it is true but you can not live with small amount of investment you need to invest huge amount if what you are doing in forex it will be the same as in cryptocurrency exchanges.
Trading with crypto is much profitable i think than in forex. but beware in new altcoin releases because most of the are turn into shitcoin in the end.

and obviously the digital currency is very practical, it does not have to have a deep experience of trading, just simply with a low buy and sell hight system, this will make you have a profit and do not have to constantly monitor the world stock market and do not need to learn much term,,
this is one of the best trading places when you want

It's all fun and games until a single bad move that you didn't predict can either:

1. Cut deep into all your profits and hard work
2. Send you into a panic and make bad trades after bad trades trying to "fix" it

Investing and holding has been more profitable in the long run for me but it's rather boring, I admit. :)

Everybody know that trading is amazing step to earn bitcoin because look at the currencies rates bitcoin is still on top if people are going to trade on bitcoin then it is a right step. If you are trading on bitcoin then you are doing great work.

                      Everyone wants to do trading, probably most of us here wants to do trading, not only for fun but also to gain some, but setting aside those risks, trading cannot be the only one source of financial stability for a cryptomaniac, or should I say like that ( hehehehe). Trading requires some time and patience sometimes because not all the time the market is active or rather hold than losing money.

little by little everytime i earn in campaign i add some for trading so i think i lives trading cripto even its small capital i try always because i believe it will have earnings in some time even its not for long term atleast i try it,now i invest like 0.0075 but the earnings is low

Actually I am not living just with crypto trading but what I am getting from trading crypto daily is enough for me to cover all my daily expenses. What I am earning from my offline job is savings, I am also constantly buying bitcoin and different other alts along with some tokens from ICO as long term investment.

You can even make 100$ by just playing with $1000 in crypto which you can't without leveraging in forex.

The word is "Crypto" not "Cripto", it stems from the word Cryptography. If you want to get into trading then you really need to learn and use the correct terminology. I can only guess that trading crypto is way more volatile than trading on the stock market, as there are so many unseen forces changing the value.

I think forex trading and crypto trading are kinda the same it's just that in crypto trading the movements of the coins are really fast than that of the forex trading; and I personally don't agree and don't do trading for a living. That's just hard to do and I'm more of a long term trader so I would not be only trading and can still do things I want for the rest of the day other than just trading.

That only happens if you go all-in and the trade goes against you. The key to trading is risk management, and only risking 2% of your capital on each trade. That way a few losses won't hurt you, and will be more than made up by the big wins.

I have a friend who do make a living with just on forex trading i would say that hes really professional on his trades.Even though there still some losing trades but most of the week he ended up on profit which is really amazing and im also learning it up well too but its quiet complicated and does really need big capital for you to start to feel the profits too because of margin unlike on crypto on which you can really start up on small amounts but when it comes to volatility i would say that crypto is more volatile than on any forex currencies. I do hear some people who do make a living even on making trading here on bitcoin or altcoin world.

I think it's very-very difficult, close to impossible to make enough money by crypto trading. Too much depends on luck here. Some coins are going up in 300% in one day and some down. Due to the reason that token's amount is more than 100, it becomes really difficult to "guess" what to buy and when

As of yet I do not currently live off of trading in crypto markets but I would like to one day. I have started from a small amount of $100usd a few weeks ago and now have around $180 usd which I am happy with given that this was also a period where there were large crashes in bitcoin and all other currencies. I think it is possible to make a living off any sort of trading and with even only low capital as long as you put in the time and effort to really understand the markets which will allow you to make calculated decisions.

Don't rely on trades to make a living. Trading funds must just always be used on Trading purposes. Regular withdrawals will just decrease your trading funds. We all know that more funds we have, the more profit we can got.

Forex and Crypto trading are somehow similiar in terms of point of view and purpose. But since cryptos are heavy volatiled, we can expect numerous wins in just short period of time but on the other hand, may suffer numerous loss too.

Always make it to the point that doing trading is not a part of your money sources to support your daily needs. Eye for long term instead so it means your funds will stay on that trading platform for long.

Trading Crypto Is so profitable if you Have good experience in Trading and Hold tight
With risk management and of curse some lucky
And take care don't trade against trend
Trend is your friend

Only professional traders can earn constant profit with trading and day trading is the only way to make profit daily with crypto. Day trading is also riskier than long term trading so many fails in it. The one who can make exact prediction on price moves in 30 minute to 1 hour chart can easily earn enough for their living.

world crypto trading is the same as forex trading that has been set by us, trading in the world of crypto is not difficult just by buying when falling and waiting to sell the price up, the market there is no important role but we users who trade an important role there.

I guess you have traded forex, they could be almost alike in their platform and you already know how to study the market. I think crypto trading will even yield more profit because of conversation  rate to paper money. On the amount to start with - of course the bigger balance you have, the more confident you get.

Haha, my master taught me trading skills only need few minutes to earn profit on the market. Important you need focus and take advantage the opportunites when the market has strong fluctuation.

I'm not sure about your statement, meaning to say that you are profiting from the trade each day? maybe you are a  part of whale club or part of
 pump and dump group its really hard to gain profits inside exchange on the daily basis, unless you have advance knowledge or insiders from certain
pumped that will happen.

Crypto trading is different from Forex Trading

crypto trading is very volatile. there is no price confirmations the price just dump and pump. it is very hard to predict using technical analysis. thats why my trading style is long HODL.  gudluck to me  ;)

You don't really need to have huge capital to trade. But the huge capital, the more you can maximize your profits. Forex and cryptocurrency trading is almost the same. But i think cryptocurrency trading is more profitable these days. You only have to understand everything about cryptocurrencies. In trading, i think you can adjust since you are already familiar in this field. But cryptocurrency is very volatile in nature. So better have a back up plan if ever you loss. Don't do day trade unless you know what you are doing. Me, i prefer long trade than short trade because it's more safer.

Forex is good. Actually i study forex. But it seems very complicated and i don't have the capital to start with. That's why i end up trading with cryptocurrencies. I found it profitable. But it doesn't mean you always win. Sometimes you end up losing.

I often follow bounty rather than playing forex or trading.

I am not a day trader, but I try as much as possible to do a little bit of it once in a while if I get the chance and after studying the market. I have so much I am doing for myself that day trading cannot even suffice with it. However, the few I earn from trading probably weekends after setting the trade at the beginning of the week and checking at the end of the week is enough to take care of so many things I need if I actually want to withdraw but I am not planning to do that anytime soon anyway.

Unfortunately, not everyone can do it. So many of us see it as a quick way to triple or quadruple our assets but that is not the way it is. You need to sacrifice some little time for study, learn from pro traders experiences and decisions.

Study why they made such decisions and see how you can instill their strategies into some of the ones you have learned. No trader was born pro, they all in a way learned and never stopped learning until they got there.

I am kind of the people that depend to the trading world. My source of income is by trading many altcoins. Altcoins really help me to make more money and become millionaire.

iam live not only crypto trading, but iam live from online
my income from only, crypto trading, forex trading, stock exchange trading in real market and iam blogger to earn from adsense

with big capital comes bigger risks. you will have a lot of stress each time there is a small loss in what you have invested. and when we are talking about crypto, the loss is much harder and more unpredictable.

yes it is nearly the same but crypto trading is much more profitable and also less predictable.

I am actually thinking about increasing the amount that I am trading with and dedicate more time to trading also but I have not yet done it. I lack the time factor and that in my opinion is pretty important because I have to study the options and lower my risks as much as I can and that takes time, the time that I currently do not have.

I am working, and I trade both Forex and Crypto. I think anyone can leave their job and live by trading Forex. Forex is good and there is no such thing like Bitcoin retracement in Forex. The only good thing in crypto. Bitcoin continuously increase its value whether you trade or not.

i am doing living on trading cryptocurrencies but i have been also thinking about it.
the profit is very unpredictable and the market is not always good. but when it actually is good, you can make an unbelievable amount of money from it if you dare enter and are skilled enough to when to sell and don't get emotional to hold longer than you should.

and that is the issue that i have. if want to go full time trader mode, and market goes down and becomes unpredictable like these days with not much profit, that will be a month without anything earned. and when you are living on trading alone you will find it pretty difficult.

I also have decent experience on trading thanks to 7 years.But living with trading profits is not something that everyone can handle.It is boring profession and requires strong mental attitude.

You cannot rely your livings on trading in stock just, thats foolishness. Trading is to be done beside your permanent source of income. If you are depending your livings on it than you must not do so seriously.

i was never for forex trading but in my view both of them had equal risk and big capital doesn't guarantee huge profit to recover the losses because it could be huge losses too if we had wrong predictions and regarding the profit i think sometimes if the price of bitcoin jumped the then percentages to get more profit is pretty much rather than forex

I just start trading crypto for as much as $100.00. I think it's not how much money you invest/trade just earn money, the important thing is to learn first.

Living by trading crypto is not a smart choice, the smart choice is keep working in the real life, and earning profit from cryptos is just a passive income better than you living belong to trading ( a way that's very risk too). Gambling and trading are the way to make us rich or poor, not for living.

Such instances of a trading cutting deep into your profit happens once in a while after so many wins if you know what I am saying. Of course, sometimes, losses are inevitable but most losses usually happen due to an unforeseen or unexpected changes in the market as a result of one news or the other. Most times if i see something strange going on, even after setting my stop loss button, I try as much as possible to keep monitoring the news on that coin to know if I should just accept my loss or keep buying more. As long as your positions are good and you are buying coin with a good support, whatever goes down usually come right back up.

i am trying to live from crypto currencies but i don't use only trading. i am trying from many ways that i could earn more bitcoin. if from trading i can make profit, then i think its enough to cash out my profit into fiat. but if i can make money from other ways while doing trading is not giving much profit for me, then i am fine with that. but i don't want to do forex because its too risky for me and i don't understand anything about forex so i think its better to do trading crypto currencies.

I believe this totally depends on each individual. Trading is a bit of work itself and can take most of your time if you are daytrading. However, it can be very profitable if you are skillful. Gambling and trading should never be compared to each other and that is where most people get it all wrong and just opt into trading, gambling their way in and out thinking that is all it takes to trade.

You need skills, you need resources to make good decisions. You can never do that in gambling cause you have no resources to help your decision making and the system can be easily manipulated.

trading can bring you much profits than your regular job if you focus on it, I think resources and many hard study was needed to make this as your living
trading even its day trade or long hold will bring enough profits to supply your needs just be keen finding ways to learn then earned from this activity.

Very well said. Hard work is needed to become a professional, it’s the only way to success...

How long does it take for a complete beginner to start understanding the whole daytrading process?

Trading cryptos for a living would have to be one of the toughest and riskiest things that one can do because one single mistake can cost you a big chunk of your capital.

You are very much right. I think of trading exactly the same. This is the only reason that all the expert’s advice to learn the things very well before getting into this stuff so that you can avoid any such loss.

I think it is very much possible that you suffer a loss but you should be having an art of recovering from your loss.

If you obviously are a trader, have an idea about trading and you have some good cash and knowledge, then you will know your statement is not right.
You can make huge money everyday depending on the capital you are trading with and how well you are able to manage risk, strategize and use what you have to make good and quality decisions.

You cannot always win, but it is not always about luck cause if you know what you are doing, you will always win more than loose.

I'm almost off to that but today i have jobs to pay utility bills and etc because trading is just a predictable job not a 100% income job

I don't  think that it is possible to earn a living solely from crypto-trading, unless you are extremely lucky. Crypto-trading is very risky. Even if you earn profits continuously for five days, you can lose all of that in a single day when your trades go bad.