I need some help.
I already have experience trading FOREX but until now im not that profitable. The market of forex is very UNPREDICTABLE. technical and fundamental analysis are not really working. Market makers and bank institutions are controlling the market. its centralized and big banks can manipulate the exchange.
Im planning to leave FOREX and switch to CRYTPO trading. Does anyone know who controls the bitcoin price? is it still the government or the whales trader?
Unpredictable? i don't think so. Everything will be fine if you have knowledge of technical and fundamental analysis and of course with good money management.
Some people fail because they don't have a good analysis and never know about risk and money management. They put a high leverage to get high profits but actually it's wrong.
Never use high leverage because it's will give you high risks and loses too fast.
Its not easy to find good informations in crypto, that's why analysing the market can lead to making a big mistakes. That is visible in times of when bitcoin is dropping due panic selling, people analyse market on fud news.
Fundamental and technical side is better, but that doesn't mean that people will embrace it, every project needs to have community, strong one behind everything, strong supporters are the key of the success. Bitcoin price can be manipulated, who have enough bitcoins or money can make supply or demand to go up, where to find information that someone will sell a lot or buy a lot? Some informations cant be found, you need to use your feeling in deciding what will you do, its similar like forex but again a lot different, I like crypto market more.
Thats the point, we knows crypto is more unpredictable than forex because just a little information about crypto and bitcoin. I think forex has more information like schedule about conference, central bank statement, governor speak and much more information.
Because of that i don't agree about forex is very unpredictable. I think crypto more unpredictable.
Show Posts
