Forex Trading

[apityeh71]

The different between forex trading with crypto trading is in crypto we can make profit just buy hold it for long term, as long we not use margin its possible to get big profit in the long term, but in forex trading actually has low volatility and not possible to make huge profit in the long term. Forex trading will be more risk than crypto trading because level of leverage is high. We can see the price action of forex just going up and down about 0.02 - 0.1% a day, but in crypto the price can be going up to 100% a day or 1000% a month.

[wuvdoll]

The different between forex trading with crypto trading is in crypto we can make profit just buy hold it for long term, as long we not use margin its possible to get big profit in the long term, but in forex trading actually has low volatility and not possible to make huge profit in the long term. Forex trading will be more risk than crypto trading because level of leverage is high. We can see the price action of forex just going up and down about 0.02 - 0.1% a day, but in crypto the price can be going up to 100% a day or 1000% a month.

Well, that is one, but do not forget that you can also do leverage trading on some platforms for crypto as well. Nevertheless, cryptocurrency gives room for normal type of investment compared to the whole of Forex, where the leverage trading is paramount. There is no trading however that is not risky since there will always be fluctuations and you will require knowledge to do it right.

The differences here is just that with leverage trading, you can completely get liquidated and lose everything where as in normal trading, you can be patient and hold as long as you are not selling for loss.

[rumexx]

Forex trading is risky and a lot of money are being lost and also a lot money are made. You need to learn how to trade and you must have a mentor who will be there for you after your learning. Both Altcoin trading and Forex trading are same except for forex you trade on fiat while for altcoins you trade on coins or tokens. Both need the trader to be experienced to make a living out of the art of trading.

[deisik]

The different between forex trading with crypto trading is in crypto we can make profit just buy hold it for long term, as long we not use margin its possible to get big profit in the long term, but in forex trading actually has low volatility and not possible to make huge profit in the long term. Forex trading will be more risk than crypto trading because level of leverage is high. We can see the price action of forex just going up and down about 0.02 - 0.1% a day, but in crypto the price can be going up to 100% a day or 1000% a month.

Well, that is one, but do not forget that you can also do leverage trading on some platforms for crypto as well. Nevertheless, cryptocurrency gives room for normal type of investment compared to the whole of Forex, where the leverage trading is paramount. There is no trading however that is not risky since there will always be fluctuations and you will require knowledge to do it right.

The differences here is just that with leverage trading, you can completely get liquidated and lose everything where as in normal trading, you can be patient and hold as long as you are not selling for loss.

In short, I agree with you. But I have to add that what people call here Forex is not true Forex. If you have direct access to this market, which you don't as only financial institutions (banks, investment management firms, etc) and big guns of George Soros caliber have it, you can buy and keep foreign currency in the same way as crypto. What people discuss here are dealing centers which are not much different from online casinos and betting sites which have house edge, meaning you are set to lose in the end. Some brokers (for example, big international banks) can offer "forex trading", but most of these trades never leave the broker's internal system. If you want to buy a certain amount of foreign currency, you would be better off by doing that via exchanges which offer spot trades (as opposed to currency futures and options)

And this will be real currency which you can withdraw to your bank account

[jcojci]

it's too difficult to start forex even if we have a demo account trading because we need to learn the forex lesson and I don't think that we can understand in a short time. but for some people that can learn in the short time, then I think they can be familiar with the forex market, and they can start to trade. but for me, I don't understand with forex, and it's too complicated for me, and I am not too smart to follow the tutorial.

[jostorres]

If you are new forex trading you can start demo trading. Demo trading and real trading both are same but difference is demo money is not real money. If you start demo trading and can earn money then you can start real trading. So must be 1st learn about forex then start demo trading

Forex, or any form of trading, this is certainly something I will always recommend. Certainly, the first thing is just to learn all the necessary basics and see how you can utilize those basics in formulating a strategy for your trade. Without the knowledge, you will certainly just be wasting your time anyway.

One thing I have known over the years is that, few months of doing it right and getting it right is far better than few years of wasted effort making the same mistakes over and over again.

[ethereumhunter]

Forex trading is risky and a lot of money are being lost and also a lot money are made. You need to learn how to trade and you must have a mentor who will be there for you after your learning. Both Altcoin trading and Forex trading are same except for forex you trade on fiat while for altcoins you trade on coins or tokens. Both need the trader to be experienced to make a living out of the art of trading.

But for the less risk, I think altcoin trading is the one he can do because to analyze the price is not too complex than the forex trading. Besides that, if he can do analyze in the crypto, he can choose any of the valuable coins that can help him to make a profit. And in forex trading, he still needs to deposit big money to start, and I think he needs at least $100 to start. But after that, there is no guarantee for him to make a profit in the forex trading and crypto trading.

[Itcher]

I probably will not open for you something new, but such statistics are inherent in any kind of business

[sana54210]

it's too difficult to start forex even if we have a demo account trading because we need to learn the forex lesson and I don't think that we can understand in a short time. but for some people that can learn in the short time, then I think they can be familiar with the forex market, and they can start to trade. but for me, I don't understand with forex, and it's too complicated for me, and I am not too smart to follow the tutorial.

If you have the zeal to learn, understanding how to trade Forex should never be a problem, the only major problem as far as I am concerned is that people are always too lazy to learn and because of that they just keep coming up with some market is risky statement when obviously they should know the same market they are considering very risky, is the same market some are really making a lot from.

Forex can be as complicated as trading cryptocurrency or stocks, the only way you can make the best out of any of it, is to be fully equipped with knowledge.

[BlueStackz]

Forex trading is risky and a lot of money are being lost and also a lot money are made. You need to learn how to trade and you must have a mentor who will be there for you after your learning. Both Altcoin trading and Forex trading are same except for forex you trade on fiat while for altcoins you trade on coins or tokens. Both need the trader to be experienced to make a living out of the art of trading.

Bro, there is certainly no form of trading that is not risky. The essence of gaining huge level of knowledge and experience before you start trading properly is so that you can be able to manage those risks and minimize them. Just like any other market, as long as you are not knowledgeable enough, you are doom to fail anyway.

I would not say both altcoin and Forex are the same, they are in par, and it depends on the Forex pair you are trading, that the volatility can be compared to that of altcoins, but all in all, be it Forex, crypto or stocks, if you have no knowledge, the same fate awaits you.