Bitcoin Forum

My point is not to trade in the markets you see is not transparent and not protected by law.

In a nutshell, if the Crypto brothers want to trade successfully, (1) trade only the top coin, since it is harder to trade, (2) study more technical analysis, and learn from forex traders year, because they have good ptkt platform, suitable for speculation. ;D

No crypto trader needs to learn anything from others, Crypto has it's own rules when it comes to trading, It's called buy low and sell high, That is what happening all the time in crypto, We have these insane fluctuations in price and that is the only thing one should be aware of when it comes to trading cryptocurrencies and especially bitcoin in particular. Most important part is that crypto market is not really protected by any laws, Only the laws of decentralization applies here.

Agreed to your point sell high buy low but can anyone define the levels where is the low and where is the high, no noone can if he/she does not know anything about technical or fundamental analysis, so its important to learn analysis before coming to trading be it forex be it cryptocurrencies, there is nothing different in cyrpto trading, yes currently volume is low in cryptocurrencies so we do not see much fluctuation in price and w/o fluctuation in price, there is no point of trading anything.

Crypto trading is somehow different from forex trading... The only technique applied in day trading in crypto is buy low, sell high meaning at some point a market has to be bullish for you to make profit whereas in Forex trading you can make profit both in Bearish and bullish markets if you are very alert.. I think it's better sticking to crypto trading resources and learning matters which are so many on the web right now.

i think because forex already exists first, and many methods of trading forex, so they apply it like in forex. and i think on the chart using the same indicators both. i think that's my opinion when viewed from technical analysis

ok your idea is good. any thank you your reply

Well the one that can be learned from forex trading is only the usage of indicators, crypto and forex got a different price movement factors, forex influence by politics and economic, while crypto is based on supply and demand, so its totally different to trade crypto and forex, forex is more predictable than crypto

Trading, both forex and commodities including stocks entails a very high risk and it is not wise you go into it without adequate knowledge on how investments work and the risk involved.  If you want to trade successfully, you should learn the risk and how to manage then then you will become a successful trader.   
Cryptocurrencies is not protected by any governments laws but we can all agree on something and that is how transparent the blockchain technology is and the scientific laws guiding it.

Many forex trading platform provide leverage trading and not spot trading and this created forex trading will be more risky than crypto trading.  Many forex trader failed to become successfully trader because they use high leverage. So we should be know the difference  between spot market and leverage trading to understand the level of risk.

i agree with you. thank you for your sharing. this is good for me.

It is not a secret that the systems in Forex currently have improved from the start and showed how it could be useful in other areas.

It has a proven record and has been worked on tireless to perfect. When you take that and go trade on bitcoin or other crypto currencies than it helps you out from the start, crypto traders do not have to work on their craft as much as the forex people because they start with the already figured out forex ways and just implement it on crypto.

There are main differences of these two worlds one of the biggest one being that Forex is still regulated highly and strictly but when it comes to day trading it is still viable. Of course, if you would like to invest for long term than the results are very different because bitcoin is much more volatile but day traders are usually using the same methods Forex traders use.

Read your topic and to say that it is right learning is the best opportunity yes sad to say I do not know anything just a bit because I do still focus on studies. Still all in all even if one is good and better at it he or she should not just stay in that point of situation because learning mor and more is still the best and good thing to do. Like this Forex trading platform this is a option you need to do because here you will learn more and possibly this can let you increase your knowledge.


Also failed? many have been. if you say I dont know what your talking about please be open to see what Iam talking about I helping to say that learning is the best option but failure may occur all we need to is to seek and learn and move on to the positive side of learning..

There are many examples of successful cryptocurrency traders who have never traded before. But I still agree that most newbies should learn from the experience of forex traders.

The thing with crypto and Forex is that they are two different market, different conditions, different fundamentals, but same technicalities when it comes to the market. Although, we also have to understand that the cryptocurrency market is very volatile, which is one of the reasons you need to understand a lot of things about the market first, before even making any serious step.

Following Forex traders is not a must, personally for me, all I did was to learn as much as I can, and it was even cryptocurrency that led me into learning how to trade, and it was after then that I even started going for stocks. So in a way, you really do not need to follow a Forex trader before you learn how to trade.

Forex trading and cryptocurrency trading are totally different market.  I agree that you may learn other trading virtues from forex guys but cryptocurrency market behavior is influenced 90% in what is happening in cryptocurrency ecosystem unlike forex where every thing happening in the world determines the direction of forex market!

I think that crypto is way too different from Forex Trading since if Bitcoin does go down so is other alts and when goes up it gets a little late for other alts to go up also.

Yes it is good in term of learning but i think the strategy is some different crypto trading is the other sense and Forex trading is the commodity trading with another sot of thought that is dependent on some economies of the world

I have no knowledge of forex trading, even I am confused to distinguish between the two trades. many people say they have nothing in common.
I only know that forex traders have a good chart reading technique, that might be used in crypto trading.

Surely, it would better to start with Forex first. Forex has long been present and technical analysis features more so, features will make you successful in crypto trade.
You are wrong. The leverage trading in Forex is less risky than crypto. If we compare, the candles in crypto are more mobile and being mobile is proof that it is risky. Due to Forex prices move more slowly, you don't risk more even if you use high leverage. In addition the leverage depends on your choice, no one doesn't force you to risk.

In my personal opinion to make profit from crypto trading is more easy than forex trading because price action of forex more hard to predict. And all trading forex broker only provide margin trading and not trade on the spot market. When i visit website some broker forex , i was read disclaimer in the bottom of the website if 79% trader loss when doing margin trading, so that mean we have little chance to make profit from margin forex trading.

you are completely wrong because first of all you think there is a difference between an altcoin that is "on top" and an altcoin that isn't! the fact is they are all the same, the only difference that the coin "on top" has is that it was advertised more and it has more newbies which means it can only have smaller pumps while other coins can have bigger pumps other than that they all get pumped and dumped.

secondly technical analysis and forex have nothing to do with the cryptocurrency market specifically the altcoin market. knowing that and trying to trade here is like learning how to ride a bike then try to use that to fly an airplane! they are two completely different things. Forex is a more logical market with little to no manipulation so you can use TA in it but altcoins are illogical pump and dumps that are only moving with manipulation and no amount of TA ever works for them.

It is not a must to learn from Forex traders, as all markets are simply traded alike in most ways, which you just need to understand basically that no matter what, all you need is a strategy that is workable and which you are convenient, comfortable and confident in using to trade the market.

Yeah, it is a different ball game entirely and the market conditions are always going to be different as well, but one thing that is not different at all, is the approach to the market, which you need to at least have good trading knowledge before making any attempt at all.

It's not as different as you may think. People dip their feet in the forex market with a speculative mindset similar to that what we see here in the crypto markets. All you see is people guessing till they are right, which as you know, is a bad long term approach.

More people lose their money on forex markets than anything else, mainly because of how accessible broker services have become for average joes, and they absolutely love the gambling-like features brokers offer.

Also, TA is being overhyped. It's great to have it function as basis for your trades, but it's nothing more than an educated guess still. TA only works when the market applies the same indicators and thoughts. How often does that happen?

Forex trader always trade with leverage and margin so they actually was jump in to higher risk trading than trading on the spot market crypto or stocks. Base on research just about 20% of trader forex possible to make profit and others 80% hasbeen lossing money. Alot of forex trader only use technical analysis and that knowledge we can use also in crypto trading.

IMO, crypto trading is similar to forex trading but there are still differences. I don’t think crypto trader should learn totally from forex trader. And technical analysis doesn’t really work for crypto atm. Fundamental analysis is more relevant.

I don't think so , although I have seen people saying that first learn from stock or forex but I think crypto market is different from those as it is newer plus there are big players who love to control market and your technical analysis can easily fail during fomo and fud so crypto market is different than just going with forex skills.

Forex traders also make use of fundamental analysis and how the media affects the actions and sentiments of other traders. It is quite different in cryptocurrency trading with full products which are all different from the other and serves a different purpose.

Cryptocurrencies is still at the early stages and since inception till date I don't think you have gaining experience that is greater than some one that has been a forex trader for 20 or 30 years.  I don't think we have done enough here to become a professional trader. To succeed in trading need higher intelligence and experience and that is why we would need experience forex traders to teach and explain to us about trade.  An experience forex traders knows about technical and fundamentals indicators that move the market and by then give cryptocurrencies traders advice on trading.

Yes new people will definitely need an advice and training from the previous traders that who are in good position then only we can make the way for our self in the correct direction that's why the topic is going on here and it is also important too.

Forex trading with crypto trading is similar, the different is about one way transactions with two ways transaction ( open position ). Forex is very old and has legal law, until now many company and countries use it for balancing their asset. Of course every new trading will use forex trading concept. Learn, practice and disciplines is the key.

I think all the basic of trading is the same, its about chart, price action and indicators, but the difference between crypto and forex trading is the factor that caused the price to move, in forex the price is very sensitive to news, political or economic news even rumours can caused the price to move, while in crypto the market the price is based on the supply and demand and the forex market cant be manipulated

Forex trading is related to Cryptocurrency transactions? I am not sure whether this is true or not but I find that they are not related to each other. I need someone to explain this because I don't understand it even though I have read some comments, but I still don't understand this.

It doesn't matter from Forex trader or other trader. The basic thing is that there are market with its buyers/sellers and price. According to the fact that prices are volatile, traders have to learn how to deal with it. Forex is just the most popular market, so many crypto traders came from there and implement their knowledge and skill on the crypto market. As a result, newbie traders study technical analyses from Forex traders...

crypto traders will only learn how to trade when they finaly realize that in the end buy and hold will eat up all their gains they made before lol