Bitcoin Forum

I think one really big advantage of trading Crypto is not only the volatility but also the available data.

When analyzing Bitcoin, for example, you have soo much more data to watch than with forex.

Think about:
On-chain data (long-term)
Derivative exchange data (short-term)

This is a completely new dimension of data sets that you can use for price predictions that are not available for forex.

You can find a lot of data on the following websites:
https://lookintobitcoin.com (https://lookintobitcoin.com) (On-chain, macro charts)
https://whaleportal.com/ (https://whaleportal.com/) (Derivative exchange data, short-term charts)

There are many more out there like CryptoQuant, Coinglass etc.

If you take the time to understand these metrics, your profitability rate will significantly increase, in my experience.

The Biggest advantage is volatility IMO.

For example, coins/tokens like PEPE pumped by over 1000% recently in a very short time. Even a noob who bought the token and sold it off before the dump can make some good profits off a spot market with much less effort, something which is not easy with forex. In forex, you have to be good at technical and fundamental analysis.

About on chain data and derivative exchange data, I barely even use it, and yet I trade everyday while using Technical Analysis only.

In the crypto market, the daily trading volume of any cryptocurrency can be found on monitoring websites with metrics.
In contrast, it’s impossible to estimate trading volumes in Forex, because no one keeps track of all deals in this huge market. Forex intermediaries usually show traders the tick volume. This is not a real or even approximate volume, but a quantity of price changes within a specific period (i.e. oscillation counter).

My friend are into forex and Ive teach him about crypto like cex trading and even degen trading. But I didnt do forex, he said that crypto is much flexible and has more room for gains and profits with very interesting stuff to try on. Sincr he did compare when doing forex. Now he is focus on degen trading, a risky type on crypto almost same with forex according to him but more enjoyable.

I agreed. This is where the interest of everyone goes since in crypto a lot of liquidity and trading volume.

Sometimes, data isn't necessarily an advantage if everyone has access to the same data. Advantages arise when you have certain good metrics/data base your decisions upon that not everyone follows.

I trade both, not only them, other sectors of the financial market included. And with my experience, the preference of people makes them choose between Forex and Crypto trading, while many people are dealing with the two together. More opportunities are in cryptocurrencies as they are also used for payments against regular fiat, and many that are not even trading/investing it still deal with it, hence the reason for their high popularity these days.

Mind you, the number of Forex traders and the market size are far beyond that of cryptocurrency. The FX market has an average daily trading volume of almost 7 trillion and it keeps growing yearly (Investopedia attests to that: Why trade forex (https://www.investopedia.com/articles/forex/11/who-trades-forex-and-why.asp)). While the cryptocurrency market has far less trading volume. Just choose what suits your investment and trading plans and you will be okay.

Besides, almost all factors that affect the forex market affect the crypto market because they can't stand in isolation and they are actually paired with fiats in most cases.

Both markets are sensitive with news but with Bitcoin and its public ledger, you can analyze on-chain transactions and data to see how hidden games are playing and setting up. It is not easy even if you have analytical results (charts, data, reports) from free sources, it requires you a lot of time, experience, knowledge about Bitcoin and this market to understand it and make your plans with on-chain data.

It is a big plus for Bitcoin market and cryptocurrency market than Forex.

I think so also regarding data that everyone has being a disadvantage and not advantage, this is what happens with forex trading because the datas are there for traders to analyze. The forex calendar is there to see and analyse by every trader. There are other measures like the charts but this is not the same with cryptocurrency. In crypto, data analyse is not readily available for everyone one, you have to belong to a certain community to understand the bump and dump psychology. Last two years, I remember how doge coin pumped after Elon musk adopted and make positive publicity for dogecoin and hodlers got a lift from that.

I don't think I can disagree more. Yea every noob can buy PEPE and dump after pump but there is the top? At +50%, at+100%? Or maybe at +100 000%? you know its +1000% because it already happend. Just like coinmarketcap list 20 000 coins. The ods for spotting x10- is super low, especially witch tokens like PEPE (which are made several dozen a day, of which 99% end with a rugpull on the second day).

You might as well say that any forex noob can open a position with x500 leverage, hit the bottom perfectly and sell when the price is up 2%, thus earning 1000%. But both your example and mine are unlikely.

"According to Gopluslabs the contract owner may contain the authority to modify the transaction tax and contain Blacklist function. Please exercise caution before taking any action and DYOR" (https://coinmarketcap.com/currencies/pepe/) - pepe is most likely a scam token that will go bust very soon.

From your options, for me it's the volatility, I don't work with data so I don't know how much of a importance that is or are you referring to technical analysis?. Also the varieties of options available to trade and how profiting they can be that's what make me choose trading cryptocurrency over forex. I have experience in both and I can say cryptocurrency trading is very easier.

Forex market don't have a season but cryptocurency market do, in the bull season, if you do your research properly and make good coin selection for trading, any coin you pick to trade can make you big profits while you stay low profile during the bear market because even the good projects get hit by the fear in the market.

I didn't say there are no risks when trading crypto. They are so many including scams, hacks etc. What I meant, it's much easier for one including a noob to make gains because of the price volatility as compared to trading forex.

I say this because when I was a noob trading back then on Etherdelta, I actually made some good profits spot trading shitcoins. I don't think I would have made such profits trading forex without leverage.

Data and its tools are very important, of course, but for me and for many like me, volatility is the most important thing. There are many people who do not depend on data or analysis, but rather rely on volatility only and then take the risk.

Also, data without fluctuations is worth nothing, for example, if there are no large fluctuations that help you profit, what is the use of data? You will not gain anything from all the data if these fluctuations that give you profits do not occur.

You can trader cryptocurrency 24//7 unlike forex you can only trade during weekdays because the market is closed during saturday and sunday. The forex market is the world's largest market because the big players putting money on there and the liquidity is really big. For me there is no problem trading forex or crypto because the system that I'm using is applicable to all types of financial market. If I will compare the both, I'll say that volatility is a big difference because crypto can move 1%-100% in just a day unlike in forex you can only see small movement and the time frame that you should use is intraday for you to have a good trading performance. If you will trade, just pick one for you to master a niche.

I'm against with trading a lot of assets simultaneously because it cannot give you the focus that you need to make profit in trading. Just pick one market, understand the nature of the market, research information that can help you and be consistent in order for you to become confident that will give you huge return in the future.

I'm not talking about risks. I'm talking about probabilities. I think its more probable to earn on forex buying exacly the dip with 500x leverage than by giving money to stranger who just created a token thanks to 30 min youtube tutorial, bought twitter fallowers and telegram members (5$ per 1000), payed shillers (15$ per day per person) and stolen idea from other project.


Because you don't trade forex without leverage. You just need to remember about good position size management just like you don't buy 1 shitcoin with your entire wallet size.


you were in the right place at the right time. But I'm sure you'll agree with me that it's not a sure-fire, repeatable success.

What's data, really? Just a crazy mix of digits and graphs? Or something way cooler?

Here's my two cents: data's like a VIP pass into the market's soul. It's a mirror of the wildest dreams, gnarly fears, and burning hopes of traders worldwide. And when you dive into that data, like really get all up in its business, patterns start popping up. You see the market in all its glory: a mind-blowing mosaic spun from human feels.

No doubt, that wild beauty can be a major brain-bender. It's like peering into the void, trying to make heads or tails of it. But that's the trading game, right? Gazing into the market's core and coming out with something epic.

Exactly. Volatility is a blessing in disguise when it comes to crypto trading. In fact the statement, win big or go home qualifies here. Profit is bigger and loss is bigger. But the person must be ready to be a high risk taker. Most crypto traders are high risk takers. And each calculated risks have been worth it. Compared with forex traders who do not want it rough.

Look up my first reply, I never even talked about leverage. My reference was crypto spot trading, which is equivalent to the forex no leverage trading.

Don't you see it's a little bit comical, comparing crypto spot vs Forex trading using leverage?

Even someone with only $100 can turn it into $200 or more than that in crypto spot in a very short time, This is almost impossible with forex if you are not using Leverage (which is equivalent to spot)

¯\_(ツ)_/¯

Because when one is trading forex, they don't need to be in the right place at the right time... Wooooow I am going to be a millionaire trading forex from this night forward  :D

I think if we have a scenario like this, then it will be now based on how these data are being used or analyzed by different people.
For me, using data properly based on your goals or use case then your trading decisions can be improved by having a better understanding of the underlying demand for a particular cryptocurrency.

I agree.

Volatility is the number one reason why people trade cryptocurrencies instead in forex. It is much worth it in my opinion as well in the long run rather than sticking to digital fiat which is too boring to watch and takes a very long time before it could actually "pump". Also, fiat could be easily manipulated by the government which makes it not good for trading.

Don't get me wrong, cryptocurrency could be easily manipulated as well but at least not because of the government totally controlling its whole system.

Its like saying that walking is faster than driving a car, because you have to push the car if you don't want to refuel it. Nobody trades forex without leverage. It does not make sense. Just like no one is pushing the car. forex = leverage.

Low volatility on forex makes trading on leverage no more difficult/risk than trading crypto spot, and nowhere did the OP stipulate in his question that the leverage is out. He asked about comparing crypto to forex, and you immediately castrated forex and then based on this, you said that you can't make money there or its super more complicated than on crypto by buying shitcoins (PEPE).


You need knowlege and luck in both crypto and forex trading. I just meant that anecdotal evidence is not evidence (the fact that you once succeeded).

Unless it's about PEPE type shitcoins, there is no knowledge there, only luck.

It is not about data only, it is about how good a trader is. There are some traders that left trading forex or  crypto and said trading is gambling. Some traders continue to trade but yet losing. Some people are making profit both in forex and crypto trading. What I am saying is that after both are very risky, few traders still make money from both.

I even have a brother that has been in forex for years, he knows about crypto many years ago and started to know about crypto trading like a year or two years ago, but prefere forex. As for me I prefer crypto. Sometimes it depends on preference and the one you know indepth. But about data or whatever, forex traders also need some information and updates in order to be a better trader.

Base on experience, you really need more money to start trading in the forex market than you need in the crypto market, frankly speaking to be profitable and have a relaxed mind while trading in the Forex market as experienced trader, you need not less than $500 to start forex trading in my own opinion, hence your money is gone the next day,  whereas in crypto one can start with as little as $50, $100 and above and make good profit just by investing on the right crypto project that has use cases, just by holding that coin until it increases in price.

Prefer trading crytocurrency cos it is much easier and brings in consistent profits unlike the forex market which has lots of manipulations leading to lots of losses.One can easily make decent profits from the crypto-market if he trades it in the right way.

i can agree with this fact. in crypto, basically, anyone can start their trading journey even with small funds. however, in forex, you need a minimum budget as you said about 500 bucks. with this budgetary requirement, you can say that crypto is more friendly with small time holders. if you are a beginner in both types of trading, you can start with crypto with small budget. however, do take note that with higher volatility in crypto, you can also easily lose those funds. whereas, in forex, if you are very sure with where you put your money into, you have high chance that you can keep your money intact plus some gains.

If you had mastered forex trading prior to delving into cryptocurrency, you would likely have gained a deeper understanding and might have viewed your time in forex as less valuable. Cryptocurrency, being decentralized, digital, and cyclical, offers a distinct and more rewarding experience. Furthermore, I believe that the utilization and trading of cryptocurrencies are simpler to comprehend.

A very wrong mindset or believe into those new people who do tend to trade up is that they've been thinking that having bigger capital or money to be used is the more chance of you on making big profits
which is really that a very wrong belief to have in mind because what we do really need is on how to sustain this market. Even if you do start up small but you do know on how to compound up your
profits until you do make it big then it beats out on someone who does have bigger capital but doesnt know on what he's doing. You could be able to differentiate in between on who
does have the future or could be able to progress compared to those who would be losing up big time.

When you are a forex trader then it would really be not that hard when it comes to crypto trading because the concept would really be just all the same considering that
you would be still making use of the same indicators and signals which you would really be needing to read upon. This is why its really an advantage if you do really know
on what are the things around in connection between two, you could be able to point out though about their main differences.

This simply indicates that FX has a higher 24h trading volume than cryptocurrency. Because it has been around for a long time, FX has more traders than cryptocurrency. There are traders that want significant volatility since there is a high potential to multiply the price of the digital asset you are trading, and here you may see deals that have reached 2000% ROI, which is what motivates others to trade in crypto. On the other side, some traders prefer minimal volatility because the market is difficult to manipulate. Although there is still manipulation, the wicks are far lower than in crypto. Small gains are sufficient for them as long as they are constant.

When a trader has the appropriate tools, trading can be made simple. We also need to comprehend the full foundation of trading. A trader decides which trading sector to participate in, such as the cryptocurrency or forex markets. It's crucial to master the area of Forex, and trading requires a working knowledge of both technical and fundamental analysis. Cryptocurrency uses straightforward terms and strategies, as well as spot and future trading, cryptocurrency is much easier to understand than forex.

A forex trader might not take too long to adapt to crypto trading but on the other hand, a crypto trader must first adapt to forex trading because many trading instruments must be understood.
I experienced that when I tried to watch my friend trade in forex trading because forex trading is more complicated than crypto trading.
But maybe some people can understand how to trade forex well so they don't experience difficulties.
And it will all depend on how we can learn about trading forex or crypto so we will choose which one we like.

I had traded both forex and crypto and had some experience in both, I must confess crypto prices has a very high volatility than forex trading and crypto trading requires massive skill and experience before a trader can be profitable, I had several liquidation while trading cryptos, however I feel more comfortable in trading forex because few of the well traded pairs like EURUSD, GBPUSD, AUDUSD etc are adapted well to Price Action and don't defies Technical analysis in most cases except during high impact or medium impact news which traders avoids at that particular time of the news. However crypto prices moves too fast such that failure to Take profit appropriately might result to losses because of swiftness in the price reversal.

Well, it still depends on the trader's preferences. Both instruments have both advantages and disadvantages. Be it the data, volatility, central control, news, weekends trading, restrictions, availability of resources. If you want more data and fast phase trading then maybe you prefer crypto, If you prefer symmetrical trading and per session then you might consider FX. Leverage is applicable to both hence returns are no problem.
It is still up to the operator itself. The trader. Be the professional trader.

But hey, sometimes a little ruckus is what we need. Forex? The stable, trustworthy older sib. Crypto? The unruly adolescent sneaking out for nighttime escapades. Let's face it, we all dig a bold uprising. Like giving the one-finger salute to the elites, carving our own way. But remember, to ace a rebellion, you gotta be clever and play it strategically.

That's where staying sharp comes in. Do your homework, keep tabs on the latest buzz, and never scoff at the prowess of an epic cup of java. So, suit up, hug the pandemonium, and plunge into the untamed crypto trading jungle. You may just clinch the gold. Or nosedive. Regardless, buckle up for a rollercoaster of a journey.

Both has a risk because if one of them doesn't, then I don't think you can make a profit. The correct word to say is crypto is just riskier but high risk do also comes with high reward and this is why many are attracted to it especially beginners in the trading world.

It is seems they have a problem with their eye sight that they only see the high reward and not the high risk but for a cautious investor, they can read the guides first and research further about the information that can help them lessen the risk. I guess cryptos will now look better this time than the forex? But don't lose hope yet because cryptos might still be banned on some countries while forex is more legal than them.

You are absolutely right, both forex and cryptocurrency trading involve a certain degree of risk. As for cryptocurrency trading, it is true that it can be riskier due to the high volatility of these markets. However, as you mentioned, high risk can also bring high rewards, and many beginners are attracted to cryptocurrency trading due to the potential for significant profits.

The first thing you need to do is determine your risk tolerance. Are you the type of person who can stomach a small loss in order to make a large gain, or are losses going to be hard on you? This is an important question because it will determine what markets and strategies are right for you. If you're like me, then cryptocurrency trading might be the best option for you. But if you're not yet comfortable with cryptocurrency trading, then there are plenty of other options available.

I think analyzing forex and crypto almost have similarities and that's why a forex trader only needs to familiarize themselves with using crypto trading.
But even though the volatility in crypto is higher than forex, that's what makes many people tempted to try it because there is a possibility they can get big profits from the price difference, which can increase at any time.
Maybe you are doing futures trading so you have some liquidations because if you are using spot trading, as long as you don't sell your coins, you will not get liquidated.
In crypto trading, it takes quick action to conclude about when to sell and buy so that we can make a profit.

Forex trading is some sort of leverage trading which amplify the risk factor despite most of the currency moves slowly. This is almost same with crypto trading volatility since forex trader use high leverage to have a decent profit for a minimal price movement. I agree that they are almost have same risk due to the method of trading which traders is using in both assets.


This is correct approach on trading to choose a perfect asset suitable for the traders preference. I’m a financial advisor and I always do this kind of evaluation before I suggest an investment plan for my client. It nice to see someone here that consider this kind of evaluation on choosing asset for investment.