Bitcoin Forum

It is true that most of those who have tried to earn bitcoins through trading, have done so through the exchange of cryptocurrencies, however it seems increasingly difficult to obtain good profits in this business in a market as unique as the crypto one.

That is why I would recommend to all those who know the technical bases of trading to try a more stable and predictable market than the Crypto market, and that is the Forex market, where what is exchanged are fiat coins.

And fortunately there are Forex brokers that allow trading with denomination in bitcoin, making deposits and withdrawals in Bitcoin or even trading cryptocurrencies as CFD.

The important thing is to look for alternatives, and this is one of them.

CFDs/ Contract for differents trading is more risk than spot trading because there any option to use leverage and margin, but with management of risk and money we can reduce the risk, and for better use lower leverage to minimize the risk. Now many regulated broker created CFDs trading that we can make deposit by use crypto to trade many different asset , like stocks, forex, and also pair of crypto. So if we have skill to trade these asset we can use Bitcoin to make deposit so we can increase the balance of BTC , and when the price of BTC going up later we will make anothers profit from it.

Forex trading is the way for many people making money. I really don't understand why people looking out for trading kind of experience when the value is cheap.
Alternative earning in the sense you need to wait, invest and hodling the fund.
You find all set correct with in few minutes you may will be get the profit.

But have you considered the risks involved in the forex because of the no incriminates in the CFD for longer period of times? I mean they are the slowest trade you will find on the market and has got no volatility as like bitcoin and other pairs.

Now you may ask why the volatility is such great importance? Well I would say it is important because thats what giving you earning opportunities by applying the simple techniques of buying and selling off course also knows as Hi-Lo trading. I guess forex doesnt allow you such flexibility of the trading and I would really stick to the crypto trading (purely) if I was given chance to select one.

Trust me mate, for someone with no knowledge of trading the market, they will as well meet the same fate in the Forex market just as they ended up having it in the cryptocurrency market. Nothing different at all. They are all markets and the same principle applies.

If you fail to trade without a strategy, failing will be next outcome for such a person and as long as you are knowledgeable, you can trade any market that you want effectively as long as you understand the basic things you need to know about the market.

I noticed that when bitcoin started to plummet after December 2017 many forex brokers closed the opportunity to trade bitcoin. I think this means that you are not trading bitcoin, and trading expectations of the broker

Forex trading has a very high risk, but the advantage is that it can produce a lot with a short time, in addition to high risk but this forex trading has advantages such as flexibility of place, time, can transact at any time, can do it with limited capital and relative transaction costs low, maybe this is the reason for investors to use forex regardless of the risk.

I will just say simply that forex trade is not an opportunity to earn bitcoin. It exist on itself and an opportunity for itself. For a trader who is finding it difficult to make profit in either of the market means they can't survive in both market because to me, they are the same strategy, principle and analysis. You need to build a pattern that works for you.

I think the major difference is that, in forex, you can order a trade both ways.

besides that the difference is that forex uses a leverage system, so we can lose money in an instant when using lev 1: 1000. different from bitcoin trading, where only nominal assets are reduced by usd, so i think it is calmer

As far as I know, the forex is really down until now. The market is pretty much downed. I don't know does it have any connection in crypto for it to go down?

Crypto market is way easier to trade than forex. In general, when a lot of people started to ask about different ways to earn BTC it's a good sign that the bottom is close ;)

Forex is very risky, it is even riskier than crypto trading. In addition, the most Forex traders prefer trading fiat currencies or digital assets, not cryptocurrencies. I prefer to keep trading Bitcoin with cryptocurrencies or just the traditional way by selling/buying with fiat money.

I agree with you about the high risks in Forex and add that here it has never been possible to earn as much as the market for crypto currency, although the risk is identical. In this case, the high volatility of the crypto currency is beneficial for traders.

This alternative is always there and money will be as long as it is. But the reason people move towards crypto trade is more volatility which means more earnings. In addition, there is a big difference between trading in forex and bitmex.

Forex = Heavy centralized one, Fiat transactions
Crypto= Centralized(some exchange) but you can opt out to be anonymous on having no KYC, direct crypto deposits

Profitability?

High volatility means High profit but well it would really exchange into higher risk on losing money too but havent you notice that even forex traders jump in into crypto market because of profitability?

i always trade forex and commodities when bitcoin and altcoins are in a lull. it helps pass the time, and there are/were great bitcoin-only brokers who offered CFDs.

unfortunately, it looks like things are changing for the worse: https://www.sec.gov/news/press-release/2018-218

1broker has been shut down---the FBI seized its domain earlier today and they are being charged by the SEC and CFTC for offering swaps to customers in the USA without proper registration and licensing. :-\

this does not bode well for other unregistered CFD brokers like simplefx. if you have funds on any brokers like this, i would withdraw ASAP!

interestingly, 1fox (1broker's bitcoin futures brokerage) is still up. if you still have funds there, i would remove it immediately as well. any funds held at 1broker are lost though.....

Thanks for the warning. I had a few funds on 1Fox that I didn't touch for a few months there that I had forgotten. Seems inevitable at this point that 1Fox is also going to eventually go down or something of the sort soon- seems like the news on 1Broker's just starting to come out now as the press release was today, and it isn't at the front of any crypto news outlets yet. Certainly sucks for all of us trading forex.

I think forex and cfd shared a same high risk with crypto trading, and why we need to look for another alternative, it xan split our focus and we can missed the big chance, and forex trading need a lot of money to earn, plus its centralised trading, I need to report all of my fund if I want to trade in forex, so its not a good idea for me

I dont think the foreign exchange market is easy to analyze. I suppose in order to trade forex, you need to have many relationships. It's a very difficult money market and I've been involved. As if I'm not familiar with it but it's really confusing. Investing in the Crypto market will be better than Forex.

I have tried Forex trading before and the results were not encouraging. Everything depends on luck, since the market is highly volatile. If you are lucky, then there is a chance that you'll end up with a good profit. If that is not the case, then you may see your life savings vanish in a matter of hours.

For now i wouldn't jump into forex, it is hard for me to learn it until now and i don't know can success in that or not. Some people maybe good in everything but others are not. And me is one who not do forex. I will say forex is good but have bigger risk.

All forex trading platform is offer margin trading with leverage,  with leverage we can maximize the profit but also the risk will be higher.  In forex trading we have to know how many leverage and lot to use to avoid big risk. And the normally target profit for forex trading is 20%-30% a month. Use low leverage so we can avoid high risk,  and the broker for forex trading that allow to make deposit and withdraw with Bitcoin is SimpleFX and FX open.

well, many people trade as another way to generate bitcoin. many people succeed in this field, and become professionals. but, there are also many people who fail at this. however, trading has almost the same reciprocal impact. so, you can produce bitcoin in this case, but you can also lose comparable assets. experience is what is needed here.

Making money trading forex is not as easy as you think. In my opinion I think its easier trading Cryptos than forex because they seem to follow TA more than Forex.

Only good thing about Forex is that its a 23 hour a day market and you can get very highly leverage with most brokers. You also get good leverage with a regulated futures broker too to trade the main pairs like EUR, GBP, JPY, CAD, AUD, CHF, etc.

If you want the easiest market to trade then that would be traditional stocks. Usually they follow a bull market and are easy to make money in. Usually people trade stocks using the VWAP and the Moving averages.

I had a deeper look at the options: https://bitcointalk.org/index.php?topic=716530.0

CFDs margin trading is much different with spot trading, because if we are loss in margin trading we dont have any chance to recover it except make deposit again with new fresh money and do trading again, but in spot trading incase we getting loss, we can recover it just by holding. So that mean margin trading more risky than trading on the spot market.

lol. you realize that bag-holding is very risky, don't you? it may work some times, but at the end it will break you

You need to spend a good amount of time watching news and analyzing international affairs to make informed decisions in regards to trading ForEx. Once you get the hang of it though, it's quite rewarding.

--MisterCoin

Risks are not also absent in forex trading,neither is it a safe haven,its also as risky as the bitcoin(cryptocurrency trading)is and also requires study,practice and effort as well.
Whether you're trading on forex or on cryptocurrency,risks are involved,what really matters is how this risks are managed,and how effectively they are managed

Only if you know what it entails for one to be successful in Forex trading it is only then you stop to recommend Forex trading to people who don't have the patience. Trading in my opinion is not meant for everyone as the risk involved is too high particularly as it deals with Leaverage which means there is high tendency of you loosing all your money.

I been jump in to trading since 3 years more and i already try all  trading in different asset include spot and margin trading also binary option. I been in forex for a years but hard to earn consistent profit, this is because of leverage. I think is more profitable to trade in spot market like crypto and stocks. I prefer to trade in spot market without use any leverage because this is more safe and profitable.

I think I already had a confidence to try forex trading. But then I was very hesitant to try it out since the minimum capital shall be $1000. Until now, I am reading and reading about forex trading, broker and contracts, etc. Been saving up money to find it. Though I know already how to read some technical analysis, I never tried it with forex so I was still undecided.

Haven friends who are into forex trading now. Seeing them earn profits minimum once in 3 days, i have opened an account on forex. Ready to trade now. Need to plan and choose the right currency paring my local currency. Wish to invest the profits earned from forex into crypto. Would start soon.

that's not true at all. check out this list since all of them have way lower minimum, and some have a teoretical minimum of 1 satoshi: https://bitcointalk.org/index.php?topic=716530.0

On those traditional FX brokers like XM.com then most of the time you would really need to have atleast 1k usd trading account but there are brokers
which do allow lower than that.

Forex trading is indeed more stabilized or less volatile than crypto but as expect the profits to be made wont really be that big but I do much
prefer on using technical analysis on forex than on crypto.

I think you will soon realize that the forex world is not a suitable place for you, you will soon return to the crypto world because I've seen so many people make the same decision as you, see some people achieve success and profit with forex, give up crypto and go to forex to find success but the result was failure, the forex world was full of pitfalls and so vast, it had engulfed them. I was also a victim of forex, so many waves came, instead of making a profit, I lost everything I put into it, it is not an alternative to earning bitcoin, it only makes our bitcoin lose faster

Forex trading will be more difficult for me because I cannot understand how to analyze the market movements.
Besides that, the forex trading will have too many techniques to learn, and it's not easy to learn one by one.
I still prefer crypto trading than forex trading. In crypto trading, we could learn one technique, and we can make an analysis base on that technique.
But I see that many people can easily understand the forex trading lesson and they can also make a profit from that.
Maybe we have a different method to make a profit.

I disagree, it is not difficult at all to make profit trading cryptocurrencies that you decide to go to Forex trading and earn profit there. what is difficult is when you try to do something you have no experience in and don't know how to do it. it is like wanting to fly a plane without even knowing how to let alone having some practice! it won't work, and it won't work if you go to trade Forex if you are not familiar with that market either.
in my opinion if you are here and interested in taking the risks of trading then stick to trading cryptocurrencies instead. it is a lot more profitable specially if you are willing to buy the pumping altcoins.

OP, you're right about the Forex market being more stable than what is obtainable in the crypto space. It's a different business entirely and well established with over $5trillion daily market cap. Its advantage over cryptocurrency is really overwhelming and it's not an alternative to earning Bitcoin. Alternatives to earning Bitcoin is trading in altcoins

As to what I know and can say, no market that is isolated from risk, they all have risk but we can't fold our arms and not to struggle to survive because of fear of losing our money. I believe that even losing your bitcoin in trade is more painful than fiat because bitcoin price is likely to increase far more than fiat.

I haven't tried forex trading yet because I think the price movement in forex is very small so if you wan't to enjoy profits in forex, you will need a huge capital. Unlike in Crypto trading, a coin may move from 1% to 20% in a day and sometimes price can move up to 50% or even higher, unlike in forex, I don't think a currency will a have a price change as high as 10%. Please correct me if I am wrong.

I think for people who might not know about Forex trading will obviously struggle with Crypto trading. But for those who already have traded, it only make sense to do that with Crypto as well. I work with FreshForex, where I trade on both Forex and Cryptos, as this way I can handle all situations and help myself with making good and consistent amount of money.

It doesn't really matter if the price movements are very small, as a trader with a large funds portfolio even 0.10% can be considered as a really good day. And since you compare with the crypto market by saying some coins can go to 0 to the moon. let's take the stock option or Amazon as an example, a decade ago the price was very low compared today. Amazon "mooned" too.

Any knowledgeable trader now will tell you that crypto market is where the money is, many trader has lived on their lives in forex before crypto and has never seen a market place as amazing as that of crypto market, the volatility in the crypto market can never be compared to that of forex market, so op should better try the both out first directly and stop basing it on assumption or imagination.

The reality is there for everyone to face and we can say that Crypto trading and forex trading are not mate when it comes to profit. Crypto market supersedes that of forex market with a very far gap.

You have just narrated what I am doing currently, earning Bitcoin through forex trading. No doubt forex is much stable and predictable market than crypto currency but its is very risky too because people take over margin trades and a little correction of the market leads to account loss. If you are a good trader you can earn much more Bitcoin in forex trading. Many brokers give opportunity to deposit funds through Bictoin and trade all currency pairs with BTC as base currency, there you get dual benefit. First you make profit through trading, second if value of Bitcoin increases, its an ice on the cake but vice - versa is also true.

Forex trading has already a good way to earn profit for a long time and traders usually choose Forex just because it is more stable than crypto, but that is what make forex hard to invest, the profit is small but the risk that we can easily loss money when the price drops is big, crypto trading is still a good way when the investors can control the profit or loss.

This two different venues have some similarities, they both provide chances of earning money, we just need to learn smartly so we can take some advantages, crypto is still in it's early stage so the market is really volatile, advantage to gain if you plan properly and study how things will work for you.

Thank you for your advice and view on this but I don't think it is easier in forex trading.  Both of the market are highly risky and you should not there go into them without proper and adequate understand on how it works.

I agree with you, which is why the OP says the crypto market is a unique market because price movements can occur so high and with that uniqueness cryptocurrency traders have a great opportunity to be able to get good profits on any fluctuations that occur. Trading in a more stable market certainly has to have a lot of capital, but for those who are happy with challenges such as trading in the crypto market, then it will be an alternative for those who try to trade in markets that have no more stable value than forex trading.

Indeed, we should develop strong knowledge before having an involvement with forex trading or any type of investment which involves risk of money. Thinking forex as an alternative for earning bitcoin is a good passive income to prefer, as it could generate better profit that could be use to buy bitcoin for holdings. While we still have the opportunity to invest for cheaper coins, don't waste your chance. Always have confidence on everything, and don't mind the ongoing fluctuations because that's part of the normal trading trend. Learning process cannot gain faster results, but eventually this will provide as strong foundation on skills of trading.