Bitcoin Forum
June 20, 2024, 05:24:04 PM *
News: Voting for pizza day contest
 
   Home   Help Search Login Register More  
Pages: « 1 2 [3]  All
  Print  
Author Topic: Investing In Crypto Genuine Better Than Trading Forex  (Read 389 times)
carlfebz2
Hero Member
*****
Online Online

Activity: 2982
Merit: 730


casinosblockchain.io


View Profile
August 17, 2020, 08:12:15 PM
 #41

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.
i think its depend on your skill while trading in forex or cryptocurrency market. forex market have high liquidity in each pair and have high community too. fundamental in forex and crypto market have similarity , they controlled by mafia and cartel . if we understand how they play i am sure we will could earn hundred percent in a day. risk in forex and crypto market  very high and both of them could make our money left 5% only in few minutes.
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.

The Sceptical Chymist
Legendary
*
Offline Offline

Activity: 3374
Merit: 6880


Top Crypto Casino


View Profile
August 17, 2020, 09:28:08 PM
 #42

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.
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.

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
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.

█████████████████████████
████▐██▄█████████████████
████▐██████▄▄▄███████████
████▐████▄█████▄▄████████
████▐█████▀▀▀▀▀███▄██████
████▐███▀████████████████
████▐█████████▄█████▌████
████▐██▌█████▀██████▌████
████▐██████████▀████▌████
█████▀███▄█████▄███▀█████
███████▀█████████▀███████
██████████▀███▀██████████
█████████████████████████
.
BC.GAME
▄▄░░░▄▀▀▄████████
▄▄▄
██████████████
█████░░▄▄▄▄████████
▄▄▄▄▄▄▄▄▄██▄██████▄▄▄▄████
▄███▄█▄▄██████████▄████▄████
███████████████████████████▀███
▀████▄██▄██▄░░░░▄████████████
▀▀▀█████▄▄▄███████████▀██
███████████████████▀██
███████████████████▄██
▄███████████████████▄██
█████████████████████▀██
██████████████████████▄
.
..CASINO....SPORTS....RACING..
Pages: « 1 2 [3]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!