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Since January this year, I have been trading forex as a second passive income earning. After making some money in crypto I venture into trading forex, but I got my finger burnt. I wasted a lot of money without making a single profit. I regretted this venture. I have come into conclusion that investing in the genuine crypto project is far better than trading forex.  The risk in trading forex is higher than investing in a genuine crypto project.

It is better to focus on one than to be diversed on what are risky, to even learn crypto trading is not easy at all, because of this, it is good to just focus on one. Some people will leave crypto for forex but lose. I prefer to only know about crypto trading, I have been learning for months and I know there are more opportunities in crypto trading than forex trading.

A good example is the swing trading which is not realistic in forex unlike crypto, another example is to trade profitable cryptocurrencies like bitcoin or ethereum, getting the time of investment rightly will make the price increase, and you will gain. But all trading are risky.

Aside crypto investing, even trading crypto is better than forex to me imo, but let us hear other out.

Anything does have risk, losing money in forex doesnt signify that it is worst. Both can be worst if you dont know on what you are doing. Crypto market and Forex are just the same in overall but they do

generally differ in terms of volatility intensity and legality but they are just the same.You had mentioned about passive income which means you do just simply buy out and then waited for some time?

Im also a forex trader in the past and i can say that risk is always present no matter how small the movement is.

You are right, is good to master one and stay with it. Consistency matter a lot in anything you do. I prefer crypto for now.

One of the reasons why some investors get burnt is that they lack the patience to focus on one sector and do jumping around to other sectors hoping to make profit everywhere. It is fine as long as you know what you are doing and have experience in that. For your case I take it that you were less experienced in forex.

Biased statements based on personal opinion.
The same statement would be the reverse for a well versed forex trader who tried their hand in crypto. Understood my point?

Fact that both types of trades exist means that both markets are profitable but is not for everyone.

The false notation of "Mine is good, yours is bad" is a exaggeration of biased opinions based on short term outcomes and should not be used to draw conclusions. ::)

You are doing two things that are similar to each other and you’re getting your mind messed up. Instead of doing the both of them, it is best that you focus on just one of them. Because, jack of all trades, cannot succeed in either one. When you are dedicated at one thing then the chances for becoming successful is more.  

If it’s cryptocurrency that you choose, then just go for it and study it properly. If you try to follow up with the both markets you wouldn’t be able to do that. And from what I have understood, you’re investing in cryptocurrency and not really trading it. Maybe you can look for other good jobs you can be doing while you are investing in cryptocurrency.

Many people have already switched into crypto trading from forex trading after finding crypto markets are more profitable for them. I mean crypto got many short cut to crack easy profits unlike forex market's cruelty of wild fluctuation. One of known and familiar short cut in crypto markets is "long term holding" :).

The problem could be that you expected a direct transition between both sectors without seeking out to learn the fundamentals of the new one. Knowledge of cryptocurrency or fx trading does not translate into knowledge of the other and anyone verturung into either for the first time would need to do lots of studying and practicing regardless of their experience in the other.

You shouldn't be investing a lot of money into something you have not properly adapted to. The same process should be applied for a completely new trader; do your research, practice on demo, pick a strategy and start small.

Of course it is better, forex is all depending on the presidents nowadays, you can see a fiat lose value over night because one president said something silly, that makes absolutely no sense at all, because crypto doesn't have anyone at the top at all, it is run by people and people only, no governments, no politicians, no presidents, there is absolutely nothing we can do to stop the forex one since it is beyond our reach but in crypto we could do whatever want to if we get together as people, we have that power now.

This is why I think there is really no question that crypto is better than forex, I would never even consider trading forex, I never opened any accounts and I would never open one, yet I am really working towards being a better crypto trader because I believe in it.

When it comes to that matter then we do know that currencies does really have that lot of factors on where it can be possibly manipulated without even knowing into those people whom do trade with it.
They do have indeed the power and the capacity on moving up prices or dumping it down according to their likes.It wont really be that obvious though but sure thing its really there.
Forex isnt bad though but the thing you have said which is actually true and this is why some of forex traders do transfer into this market because of several reasons and one is
profitability and next is anonymity/decentralized.

Don't generalized everything just because you got screwed up. It's your fault for making it messed.

There is no such thing as "crypto>forex" and "forex>crypto". As an investor, you need to do something to make things right. That's the challenge.

And I'm curious about what you think on "genuine crypto project". Like what?

Both have each corresponding risk value. Crypto projects are risky too, considering how some of the projects are still fake and scam, or let's say the project is legit but that doesn't mean It will automatically succeed and gain good market value.
In any investment or trading platform, you need to understand the market and volatility.
If you're not aware, in 2017 and 2018 a lot of people has lost their money because of either failed project and scam projects.

Well you are right, in any form of investment and trading are very risky. Even though that is forex or in cryptocurrency, --the riskt was still there. Now, we should know how to handle risk. Becaus as expert in trading says, --the higher risk the more chances of getting profit you have. Crypto is far better than forex for me, the word volatile of crypto is a potential way of making a profit, stop loss procedure in trading is the best strategy while making profit on a very volatile genuine crypto.

This kind of topic I am looking for.
For the last few months, I am also planning to enter in trading forex or the stock market, since I only have knowledge of trading cryptocurrency.
For OP, have you tried before to trade cryptocurrency before trading forex? Or any trading experience or any knowledge on trading or you started in forex to learn about trading?

Losing once doesn't make crypto better than forex. Both have their pros and cons tbh, and it's just a matter of preference and what you're really skilled at. If you were going to make trading as a passive way for earning income, then yea I suppose crypto is a lot better right now since you can profit quite a bit when hodling. Forex on the other hand is a bit more different since changes are more likely to happen when companies are doing something, and they can't really do anything right now with how the world is.

Imo, risks are always 50/50. There's no way for you to actually increase one from the other, even if you do countless research and the like. Especially in crypto, investing in legit projects is a 50/50 chance, and majority of the projects actually fall into the part where they are actually scams.

Sorry to hear that, OP.
But you are not the only one who failed in forex trading. When i was already decided to try forex trading, my brother disrupt me from doing so. Because he has also huge deficit into it, although he continues to learn useful tools and knowledge , it seems that it wasn't enough and doesn't prove anything yet from it.

I realized, I still need more time, more wisdom before finally deciding to enter forex trading. At the moment, I am into crypto trading and was doing good into it so far. Anyway, need to focus on that if I have to.

This is the number one rule in investment, do not invest if you are not sure about how that things work or happen. If you're not good at it and you don't feel to grow on that platform, then don't push it. There's always a risk when it comes to asset and money, it takes a lot of courage for you to pursue the investments that you want to engage.

If you are sure about your fate in an investment that you will do, then you can risks a lot of money if you somehow have control about the results of your investment.

It is about sacrificing, it is about facing the consequences that you will have in cryptocurrency.

But for you, you found Crypto Genuine project much effective for you so deal with it, we really have different preferences and skills when it comes to that.

All kind of investment and trading has risks. You can't say crypto trading is better than forex or vise versa. Each has their pros and cons.
If you aren't making any profit in forex, what makes you sure that you will be making profit by trading crypto currencies? You are also planning to invest on crypto projects. Around 90% of the projects in the crypto market are scams. So high chances you will be losing money.

Be careful my friend,,, crypto makes everyone look good during a bull market, which is what this whole year has been if we are honest apart from the March crash which took a month to return crypto markets to normal,,, whereas forex is a mature market that does not always have the huge volatility we see almost weekly and daily in crypto.

Crypto and Forex each have their advantages and disadvantages and have several risks that you need to understand first.
Forex trading carries a very high risk if you don't master the analysis. Your money will be lost no matter how much if you do not know the knowledge of trading on Forex. However, for crypto it has a lower risk compared to Forex, fluctuating prices in crypto will not lose your assets, but will only reduce the value of these assets. all you have to do is wait for the price to rise and don't sell below your purchase price.

As a lesson for you or all of us, don't enter into a trading platform that we haven't mastered, it will only waste our money for nothing. Better to learn it first.

Psychologically it is better as well, right now there is a chance that forex could upset you even more because in forex what we are talking about fiat and that is why I think it is vital importance that forex has to do well, if not that means your country is not doing as well. Think about it, if you are doing forex with your national fiat versus dollars and dollar becomes much better while your own fiat drops a lot, you might use forex and make a profit from this, yet it is still horrible for you because your nations fiat currency is dropping in value and that means you as a whole nation dropped in economy.

Whereas in crypto, it goes up or down but no nation is affected by it like that, bitcoin could be zero and only the investors are affected, population of all nations are fine.

when we are accustomed to trading with crypto and start to feel comfortable it is better to continue to be on the crypto path. Switching paths to forex is certainly different and requires different psychology. adopting the same mentality will make us lose assets. Preparing mentally and learning patterns before starting is the right step.

If you are already comfortable and already established your skills it's better to continue and
take your opportunities   to make more money


Very True, different venues needs adjustments and different approach, not because there's
similarities means that it's completely the same.
Chances that flows and movements will burn your decision making. You need to adopt and
established your emotions to avoid losing your money.


In every journey you take, it's always best to have knowledge and right mindsets, it will lessen
the chance of losing your hard earned money.

In cryptos these things happens too often when you invest on a completely new project, so its better to trade cryptos than investing on new projects because good projects are rate to find these days.And in forex the profits are very low compared to cryptos so don't expect same level of profits at every kind of trading you do.

Depending on ho better you could study the market. They both involve risk but your understanding of how to trade also reduces the risk. Sometimes forex commodities can even go as bad as reading negative but I have not seen that in crypto. Your perseverance and patience will greatly determine how far you will go in trading crypto. In a few minutes, you can make a huge profit or lose huge amount in crypto

When it comes to trading psychology, many traders fail in that part because they do not manage their emotions very well where they are not aware on their feelings and emotion when they do trading. Having a winning while having good mindset can make a trader to become consistently profitable in every types of market but we should also know our own capabilities in trading because not all of financial market have same approach in trading. Consider the volatility and other factors, we cannot conclude that forex is more good than crypto or vice versa because both of them requires experience and a lot of skills in order to master it.

Both are great when you focus on one, but for me it's certainly more cryptocurrency fun. And in this forum it is clear that everyone likes crypto over forex. Crypto is more diverse, many choices and easier to understand in my opinion.

whether or not it depends on the risks of crypto and forex. each of them has different risks.
If you don't have basic knowledge about trading in crypto or forex, don't ever dive with big capital. Especially if you trade in forex, your money will be lost even if you can't read the market. Unlike bitcoin, you still have the assets you bought, but the value of these assets fluctuates, so it depends on market demand.

It’s clear that you invested in cryptocurrency and didn’t trade it, that’s what you have said. Investing in cryptocurrency just as you have said is completely different, and I would agree with you that investment is better than trading forex or any assets at all. When it comes to trading, you’re taking huge risk of losing your money in the trading. Another important thing you will have to consider is support and resistance, you have to know the right time to buy Bitcoin, and know when you’re likely to sell. If you don’t have these things in mind, then you’re just going to be investing at random times when you might not make any profit.

As for forex trading, you don’t come out from nowhere without having proper knowledge on how forex trading works and right strategy to use and start trading, you’re going to be losing for sure. I know people who are into forex trading, they make use of brokers like Alpari and eToro and it’s working out for them, they are making money from it.

If forex is not working out for you, you shouldn’t say that it’s not legit. It’s just like people who say that options trading is fake, I have seen a lot of people call them scammers, when it’s clear that they are the ones who don’t know what it’s all about, they don’t have a single understanding on what it is and how to trade it. My advice would be that you should just focus on cryptocurrency since that’s what seems to be working for you. If you still have interest in forex then you will have to learn before you start trading it.

Why not do just both? We can do Crypto trading via Forex broker, so there is nothing wrong with it. In fact, I love it. I do it through FreshForex broker and I feel rather easy and comfortable. I believe this is better than anything else.

All trades have risks, whether crypto or forex. If you feel forex trading is more risky than crypto, because you fail to make a single
profit when trading forex. And because you are more good at crypto trading than forex trading. It's not that make forex trading is bad,
you just haven't mastered it yet. My advice so you should focus on what you are good at.

You have just done it wrong and dont expect that any market would be the same and forex market is totally different since you've  been dealing with currencies
not just cant really be that the same on projects that you can see in crypto where theres a tendency for its price to rise.If you do make some decent money in crypto space
then better continue and dont rush up on jumping to other markets just for the sake of diversification because rushing things will really lead into mistakes.
Dont make them as similar because even though they do engage on market price movement but when it comes to volatility then its
totally different.

Hmm, I will not get biased but I think we can't fearlessly say that forex is better than crypto trading in general. Every investors got their own interests, we should respect that. If you find that you are not well suited to forex but okay with crypto then that's great, at least you realized something before losing money further :D. Follow the field where you excel.

But you know what, I want to try forex trading in the future as well. Though it was more technical than the other one, I still like it because it challenges me. You know, there's nothing wrong of being versatile. Whether it's fiat or crypto, money is money baby ;).

are there also bad assets in forex ? but like in crypto , you will also know if what are the good and bad assets  . you didnt specify if what assets are you trading in forex and you compare it with the geniune cryptos ? what if you pick up a wrong assets on forex , of course geniune cryptos are better than them . if your not sure on forex or your a beginner , you shouldnt put huge money because you will know that you can loose big but you learn something in return and you can comeback to revenge what you have loose .

It is not debatable after all because all of us have different perspective, of course we are here in the bitcointalk forum so in our perspective; cryptocurrencies are more good to trade and it is also expected that there are people out there who thinks the opposite of our perspective where they think forex are more suitable for them. I rely on my preferences after all so I trade cryptocurrencies often than any financial securities. My second option is the global stocks in etoro and I usually avoid forex because it is none of my interests.

I do not agree that forex could be any worse than crypto, after all they are both stuff that are very volatile, however the forex one is so dangerous and so slow to move that you have to use a high leverage in order to make any meaningful profit, take a look at dollar and euro parity, you will see that there is such a slow movement that you can't just buy euro as an American and hope to make a profit (or dollar for a European) straight up, you have to leverage it to high levels in order to profit from it and that means if you are wrong you are going to lose your money very quickly.

On contrary to that in crypto if you do invest into it directly and buy bitcoins and hold, you could double your money, even triple it. However if you were to leverage bitcoin that would have been same risk as well.

But the leverage is only needed because the parity is so low. At the end of the day, it depends on the percentage you win or lose, whether leverage is necessary at very low parities or not is not really important.
Bitcoin, for example, generally fluctuates a lot, if you would use leverage here, it would fluctuate by 20-30% instead of 2-3%. With Forex, however, you need the leverage in the first place to even get to the 2-3%.

All indeed. There's always a proper approach from every venue of investment, risk is there if you don't have the right skill follow the process.
Not because you already have a good experience with crypto trading means that forex is already bad, if you will also make a clearer look with how forex works and use that same dedications that you use when you are still new to crypto trading, eventually  it will enhance your chance to also adopt and
benefits to this venue of investment.

I doubt if your above statement can be verified to be accurate. I have done both (invested in cryptocurrency and traded forex). In forex trading, with the right tools and understanding of the market, the forex market is on another level and won't be reasonable comparing it to that of bitcoin. The risk are less as it's heavily regulated. What make forex superior(in my opinion) is that the market capitalization is very high and you can make profit irrespective of the price movement of the market but that can't be achieved trading cryptocurrency.

Cryptocurrency on the other hand offers the privilege to keep holding onto your investment when your prediction doesn't favor you. With forex, if you predict wrongly you loss all you miney but in cryptocurrency you only lose when you sell.

From my point of view you have not really gotten enough knowledge in forex trading before venturing into it, statistically 95% of traders in forex trading lose money however with a proper skill and sound money management in addition with a working strategy you will be profitable in a long run, you could had started with demo first to learn the robe after making profits consistently thereafter you can embark on funding your portfolio even trading cryptos too requires some basic knowledge ie by avoiding trading blindly for example buying at peak instead of selling, your account can also be rekt while trading cryptos there is no short cut or cutting corner in learning trading.

I strongly believed your point of view. When you understand how the market makers operate in the exchange market you will be at the advantage of the market. I just finished reading a book about MARKET MAKERS in forex exchange market.

It wouldnt really matter much neither you do deal with forex of crypto market because they are all just the same when it comes to trading aspect.We cant say about
being genuine or better because it all varies on how you do trade up.

If you do find out that you do make more money with Crypto then you can stick with that and if you do find that you do make money with Forex then you can do the same action.

You cant conclude that one market is better than another.It will really just depending if where or what market do suits you in.

No kidding, and I've formed the impression over the years from reading posts on the forum that a lot of people jump into trading (crypto, forex, whatever) without understanding even the basics of what they're doing.  And it's no wonder that so many of them lose money in the process.

So as to whether OP ought to trade Forex or crypto, that's a decision that should be made only after you've become familiar with each one and it's also a matter of personal preference.  Thus, nobody is going to be able to tell you whether you should trade this or that--you might hear opinions, but you've got to make up your own mind.  And even after you've done all your research and decided on what to trade, you still run the risk of losing money.  The advice you're going to hear over and over on bitcointalk is to not wager more than you can afford, and make that your golden rule for your own sake.

That could well be true--I can't agree with you 100% because I don't trade currencies.  But if we assume that you do have to use a lot of leverage in order to make a profit in forex trading, I'd stick to crypto if I were OP.  Leverage has gotten a lot of traders into a lot of hot water.