Bitcoin Forum

Is it easy to trade cryptocurrency?

The spread is lower that forex or it is the same?

Comment down below your opinion.

Thank you.

 :)

Of course it is very easy for me to exchange.
You can choose from several options:
1. From cryptocurrency to fiat money or vice versa,
2. From bitcoin to altcoin, or vice versa,
3. From altcoin (a) to altcoin (b).

There is no easy thing in financial markets and so is cryptocurrency. Now I think that in order to succeed in this market you should invest a lot of your knowledge about the crypto market in order to always have a personal perspective on the fluctuations. It's time to trust yourself instead of the experts because the money is yours and the decision is yours.

Trading is very easy if you have money and account on any good exchange. But the question is whether these trades can be profitable or not?

I don't think it is so easy making money from crypto trading these days. Due to greediness most people don't sell at right time and end up losing money when markets crash.

I choose to invest more and hold them instead of going after everyday profit and so far I made some money from cryptos.

The biggest challenge for me is learning to be patient and waiting for the pump before I sell, and then being patient and waiting for the price to drop before I re-buy.

Spread in crypto is normaly bigger than in forex. It is not suprising because EUR/USD pair have much more liquidity and volume then BTC/USD which is pretty obvious but not so critical with the volatility of crypto. What about the difficulty of crypto trading then everything IMO depends on the current trend. If there is a steady uptrend (like it was at the end of the previous year) then it is easy money, you just making a quick review on the basics of technical analysis and you are ready to get a decent profit. The other thing is that at the downtrend it is way harder to trade and during the flat it is IMO a bit worse then forex.

of course trading cryptocurrency is very easy you just need to buy and hold it after it sell it, when the price is high then sell or when you already get 100% profit then sell it.

It is never easy to trade in crypto. No one can time the market but if you will study TA can lower the risk and maximize profit.

Trading will not be easy on any type of market.

Spread will depend on the exchange you are sign up with.

If you compare it to forex for me it is easier to compared to forex but crypto currency market is not for the faint of heart this is the only market that swings from north to south in an instant.

Oh yeah man it's super easy. Is it easy to earn money by doing this? Only if you have a ton to work with, get the best fees and can just do arbitrage all day every day. If you're just trying to trade based on market movements it'll never be a sure thing and you should be very cautious with it. Short term nobody has a clue what's going to happen and bullshit TA won't help you figure it out either. If the price goes up it's because there are more buyers than sellers (in $ figures). If it goes down it's because of an inverse relationship. That's it. People like to make up reasons for why something went up or down because it's human nature, but in the end markets are so much more complex than, China bans Bitcoin = 20% dip. Okay but what if the SEC says who cares about Bitcoin let's leave it alone? That's not negative. So people in the US buy. People in neither of these countries make informaed decisions, and then the market decides where the price goes. Trading is complicated as hell. I've tried it and HODLing is just so much easier and more satisfying. Good luck.

There is no need to mix up things from two different world. The crypto currency trading is having its own set of rules due to state versatile nature. As there is no control over the crypto currency from any governing body as well as it can be vastly manipulated in no time that’s why it doesn’t depend on the ways of forex trades. On the broader perspective you should be fine if you know how does it work in here. All the decentralisation blue print is what you should focus on.

If you trading it, then there is versatile portfolio for you to trade. You can choose different analogies here and apply different scripts as and when you see the opportunities coming up front.

Whether the spread of crypto is same as the forex or not I do belive that it is not major concern if you just focus on the crypto.

For really great tips in trading & reading charts join the Crypto Academy on Discord. The knowledge center is a pretty good read. Here  is the link.
https://discord.gg/dVTp2kN

yes, very easy to trade cryptocurrency, generally the same as trading currency. but to get a profit is quite difficult if you trade in the short-term

Forex is not the same it depends what kind of exchange you do. And trading is not easy theres no easy thing unless you know it how to do and how to make money from it. To have an easy trade you need to learn more and almost make profut from every trade that you made.

To exchange cryptocurrency is very easy and you can directly convert cryptocurrency to fiat currency. So you do not have to worry about the difficulty of swapping cryptocurrency, because it's very very easy.

It is easy to trade provided if in your country itself has an exchange which has many altcoins in that listed exchange. Thus if you can directly buy via fiat then you can buy that way else you can buy btc and than convert the btc into altcoin from such exchanges and than can buy/sell btc .

Yes why not.. Use a trading site and watch analyzing charts.. you wold be successful..

It is not that easy. The market is primarily manipulated by whales and the media so unless you are part of a private whale club or in the know with the manipulators, you either need to really be able to read charts and do fundamental analysis and also know the community and road map of the coin or token you wish to trade. At the moment the markets are primarily movng downwards and what most of the whales do is sell everything they have and part it into TETHER or FIAT currency in order to allow the markets to drop further so they can drive the price high enough to take profits regularly.

I think it is very easy to play trading cryptocurrency because we only buy and sell the coin we have just that not only that our assets will not be lost because the assets that we have safe in our own hands only the risk of being stuck in high prices alone but certainly along Her run time will also be off as well.

Its difficult for me because i was learn some strategy of crypto trading in a few month but until now i can not reach consisten profit. The high fluktuasion make crypto trading unpredictable job and need more good strategy to reduce any risk.

Andreas Hajpun

Is it easy? In what way "easy"?  I would say yes, compared to stock trading or currency trading, it is easy, easier than one would think. Easy to create an account at popular exchange, easy to deposit money, and easy to loose your money or chunk of it.

I wonder if anyone has created any kind of manual for crypto trading ? At least to cover basics for people who want to get into it. I've had some experience for a little less than a year, have some knowledge. I might write one up soon.

This is probably the main challenge in this "crypto trading" game  :)


qiman

You sound like you know something more than you said. Would be nice to know a little bit more in depth on private whale clubs. Do you have any info available to where find them or how to get in to one of these clubs?



Haha! Why not  :D

No it isn't, Ive been a forex and stocks traders in the past. I can able to tell the different among forex and crypto trading. We are trading centralized and a decentralized stuff which volatility is expected to be entirely different. Since you do ask about the spread then its not really like the same yet PIPs on crypto spread is on thousands of unit which isn't comparable to forex only 0-10 spreads depending on the broker. Profitability? I would say crypto would give the chance but it is more really risky than forex in my own view.

yes it's easy but it's risky too
take care that don't sell cheap and buy expensive
study the market and follow whales

Yes easy to trade. But you know the trading price before trading. Price help to buy and sell the coin on time. So it any time to change the price. So you active all time. Trading is good opportunity for the peoples future growth and improve the business process. Trading process is connect the people. So people share more information and get some idea's for improve the business process.

Indeed low spread and no leverage in cryptocurrency trading but the fluctuacion is so high, so for me that not easy because with high fluctuacion we can loss big money though promising high profit. We should have best strategy to get consisten profit from it. With continue learn some strategy and also learn from the mistake before we can make our self become expert trader who can gain consistent profit.

Its only a matter of skills and learning if you master it, trading will be be easier and making money is more faster than trading in forex but it can take a lot time to master it you may encounter success and failures just learn from it.

Withdrawal fees of cryptocurrency are too expensive...
The fee like Bitcoin is killing the merits of cryptos!

Cyptotrading
Risk low, Profit Low(Short term)

For me, its not. Trading cryptocurrency is unpredictable compare to forex I think. Like lately that bitcoin is dumping as will as the other coins. but the good thing is that you can hold the coin and wait till the time it pumps back.

trading crytocurrency is buy and sell and hold, but it's not easy because you have to choose the right coins first then choose the right time to buy and sell to make profit. choose the right time is very difficult

It is not easy but it does not make a margin call...
Of course, your position is one-sided and requires more care and follow up.

Newbie understood it wrongly. Trading the cryptos very much easier like share market sellings but you no need to worry that future dumps or anything until you open the trade. Whenever you open up the trade you just need to check the price movement and set the margin value you want to sell.
If you value is standard value on the trading site. Your trade will be finished in some minutes else you need to wait until it achieved the expected value of yours.

It's easy to trade crypto to an exchange but if you mean the profit well it depends on your strategies when is right time to buy im not familiar with stock so can't compare it.

If you have a formal knowledge on how the cryptocurrencies work then you can trade it with easy. Bitcoin and the cryptocurrencies provides the best opportunities for one to make profits without to much technical and fundamentals easy as the most coins has seriously increased in pricing. If you buy any of the coins that has market capitalization above 2billoin there is know how you will not make money if you hold.

If it was easy there would be no coal miners.

It is easy to trade but it is hard to make right decision while trading. You need experience and patience for cryptocurrency trading.

It's easy, you can choose a stock exchange market that can be converted into local currency that you use, by visiting crypto exchange sites that can turn the crypto type into local currency in your country.

trading of cryptocurrency and forex is very different, although both are trading currencies, but the way it works is slightly different because the price of crypto is very volatile and its popularity is more widespread than the forex trading.

yeah it's easy to trade cryptocurrency.
you just deposit money,buy some token and sell it when price is higher.

making speculation is the hard part of it i guess

Doing crypto trading is easy but the difficult thing is to get consisten profit from it. Trading is not enough only to buy in low price and sell in high price but we need some risk management to reduce the risk and to maximize the profit. And also learn how to manage your emotion and keep patient to get better price when buying and selling.

Market trading might sound like something reserved for the financial elite, but the explosive growth of cryptocurrency is accompanied by the growth of online currency exchanges and trading platforms where anyone can take part and profit from market speculation. You just need to know how it works. If you will understand the all mechanism so it would be easy for you to trade

Yes you can do trades with cryotocurrencies easily but trading is not an easy job you need appropriate skills to make profits by trading.There are lots of trading methods and strategies are available you need to study them first before start trading.

Does the conventional TA works in crypto trading?

trading in crypto is far more easy than forex because crypto is not to difficult to read the chart and do some fundamental analisys. the main thing in trading crypto is we never loss, if you buy some crypto and then it drop just hold it and sell when the price up again, never loss unless you're impatient and cannot wait for long time.

to my opinion, trading cryptocurrencies is not an easy job, it requires a very sensitive head with changes on the market, smart enough to predict the price fluctuation, and brave enough to buy and sell when they reach target, so an unexperienced trader can lost all of their money if they get greedy when  the price is high or too much hesitated to sell when the price too low.

Instead of trading, I would rather choose holding my coins in my wallet. Trading require effort and enough study on how the price works. Bssically, if you'll just hold yout coin you will be able to reduce the risk of losing coin. Price changes unexpectedly, thus it will be unpredictable when will the price goes well. Better just add some funds and keep for a long period of time which is also same as long term investment

Let's start at the beginning. You may have heard many things about what a cryptocurrency is, but you may still be searching for an understandable definition. I hear ya, I was in the same boat for a long time. Instead of getting too technical, here's the easiest way to think about cryptocurrencies:

https://www.tradingheroes.com/cryptocurrency-trading-guide-beginners/

Good Lucky !

Crypto currency is easy to trade. The trading platforms like Binance and HitBTC are quite user-friendly. But sometimes Trading in crypto is quite confusing because of the multiple pairs of a coin. However, the rule of High risk and High profit applies on crypto trading.

It is actually easy to trade cryptocurrencies. The basis of all trading is to buy when the prices are low and sell when the prices are high enough to give profits.
However, cryptocurrency trading can be very risky if one is not very careful. Also, some people can be greedy and so do not sell at the right time hoping to make more but they are met with loss due to market crash.
I'd suggest you use Poloniex as your exchange site

Right now cryptocurrency trading is easier than ever, and anyone willing to take the risk and jump on this wild ride can easily make some good profit from this market, even if you are still new all you you need to do i go with the flow, look for  what people are currently trading and invest in the top three coins in the market be paitent,and you will be on your way to making some easy money, but keep in mide that there are always risk involved, so don't invest all you have.

I think it is easier in forex because the information obtained from clear sources there are many and more easily available but forex takes a lot of my time so I decided to go out and switch to crypto, in cryoptco I do not have many sources of information but when viewed from a corner I see that forex and crypto are much different.

For me it is a difficult task, we need to have a lot of knowledge, understanding every aspect of cryptocurrency especially when we do trading. In order for us to be knowleadgeable about trading we need an actual trading, we need to experience on how to trade, there is more knowledge when we actually do a trade rather than reading.

Learn on how to read buy and selling orders, it is very important in trading.

There are many trading strategies in youtube you can watch.

No one will say trade with cryptocurrency is easy, specially for newbie ( like me  ) and people who ever get lost. Trade with every product ( currency,commodities, crypto ) is same is every aspect the different is how people create their strategy to make money. Spread is lower than forex maybe yes but how you can make money is more important than spread. Try it with real money and see what happen, ready?

I do not think commercial cryptocurrency is easy. Any business has its difficulties. You can see the crypto market is always cyclical and you think it will be a good opportunity for you to get rich. I suggest you look more broadly at the issue, behind the price fluctuations that whales have upset the market. So the cost of all the altcoins will follow the instructions whale suggested. Doing business in the crypto market is a lot of risk, to minimize the risk you need to learn more from the bitcointalk members.

It is easy to trade cryptocurrency here is necessary experience. I trade in long-term perspective and I receive a good profit

There's no easy in trading a crypto or even forex. Forex is quite differently designed how forex and crypto in trading. I only know forex it is more on making a goodness technical analysis and more on fast earning which can happen in a minutes only a big return also is included. Crypto trading is way more easier than forex based on my co traders but the profits that can be gained in forex is bigger than crypto assets.

If it talks about cryptocurrency it talks about money. Perhaps the problem for some people who had an interested in this type of currency they are disillusioned by some points like for example if you just want to have a business without studying, within a few weeks your business will totally corrupt. There's a chance for everything and it's just like learning a course just running through your minds

Trading cryptocurrency is easy if we have good knowledge and good skill of trading and we must learn how to analyze market also, always learn mistake from our trading. Because trading need experience before so we can learn from it, there's have passive way and easy trade to trading we just hold bitcoin and wait until the price rise.

Crypto currencies are actually best to trade as compared to the forex trades etc. This platform gains advantages of different types of trading methods such as day trades, swing trade, hi-lo trades and much more. Besides this the market is open 24/7 and all 365 days and so as to your earnings and money never sleeps here. Other markets in the world works for 5 days only and many times they are close on the important days of the years. So you see here grab the opportunity of timing and thus can keep getting trades daily without missing anything.

Is it easy? Well that questions depends upon many thing such as whether you are talking about buying low and selling high kind of trades or is it day and swing trades. The volatility could get your trade very difficult and thats it depend upon the method you choose.

Buy and sell is easy but the hard thing is to know what and when to buy. The cryptomarket is very volatile, so if you are planning to do trading always put into your market what action you will do. Make your study about the specific coin and focus on your trading goals.

My opinion is that, Crypto trade is not easy for everyone. Especially  crypto trade is too hard for Newbie. There are many reason in behind that. Trading means not only buy in low price and sell in high price. Need enough technical analysis knowlede about coin chart and learn how to mange  emotions. Another important thing is patience and nobody will be a good trader without patience. Also important is choose good coin and need diversify all investment.

It is relatively easier to trade cryptocurrencies in my opinion but the extreme price volatility makes it difficult for one to make the best out of it.There are several currencies to choose and trade with and thus a larger spread but down times are always inevitable as we currently see.

Well, trading per se is easy. I am pertaining to the process; however, talking about if  your trades would be good trades is a different animal on its own. Many people in this market, even the seasoned and experienced ones, have lost more assets than anyone could imagine in trades. The thing about the cryptocurrency trading market is that it has a lot of alleys for you to pick those deals that may seem good at first, but with a right mix of market movement, would turn out south and result to losses. Thus, taking trading lightly would not do you any good.

No its not easy to trade Cryptos regardless if its a bearish market or bullish market. With only one negative news, it can make a huge impact in the price of Alts or Bitcoin. Those whales even make it unpredictable. Pump and dump groups adds to the factor on making it hard to trade. But, with all those being said, it makes trading Cryptos very rewarding that is if you have the right alts at the right place and at the right time, your money can grow 2X or more.

It's not easy than Forex, but i can tell you it's more profitable. You can trade non phycically avaible products that you don't have in Forex, but you can't do that unless you have your coin or token in crypto market.

Its not that easy. It can make you millionaire or can ruined your life in days. If you have no experience then I would suggest to make a grip first.

Will be easy and profitable if you can manage emotions and have best trading strategies, crypto trading actually promising high profit because the flucktuacion so high and in a month we can make profit up to 100% . Now we need only best strategy and best risk management to reduce any risk and should be focus on that.

I think it's easy, if you have the right strategy, you can earn almost 100% of the profit. Of course, making a profit of 20 times out of 20 is not so easy, be prepared for losses. That's why I do not recommend buying more than 50% of your capital.

I'm starting from trading Forex and HangSeng Index.
But since cryptocurrency being trending, I choose crypto cause its very simple to do, and theres many challenge on it