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Question: Which is profitable, trading with Forex or trading with Crypto Currencies?
Crypto Currency - 22 (71%)
Forex - 9 (29%)
Total Voters: 31

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Author Topic: Which is more profitable, trading with Forex or trading with Crypto Currencies?  (Read 3040 times)
The_honey_bager
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July 29, 2020, 01:53:50 PM
 #61

It is really depends on what kind of trader are you, the answer is subjective so we cannot say that trading cryptocurrencies are more profitable than forex and also in vice versa. I trade both but trading I'm more used to trade cryptocurrencies than forex because it is what I want. I make money from both but I can handle the volatility and manage the risks more when I trade cryptocurrencies. Even though I'm earning more from trading cryptocurrencies, it still not mean that it is more profitable than trading forex.

For someone who just finished a few courses on Technical Analysis focused on both market, would you recommend to focus only on the Crypto market at first or trading on both market from the start would be a better idea (more trades opportunities)?  
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July 29, 2020, 02:00:15 PM
 #62

It is really depends on what kind of trader are you, the answer is subjective so we cannot say that trading cryptocurrencies are more profitable than forex and also in vice versa. I trade both but trading I'm more used to trade cryptocurrencies than forex because it is what I want. I make money from both but I can handle the volatility and manage the risks more when I trade cryptocurrencies. Even though I'm earning more from trading cryptocurrencies, it still not mean that it is more profitable than trading forex.

Yes, that will depend on how good you trade. If we are trading more in crypto and we have skills in crypto trading, I think we will be able to make a profit in crypto than in the forex. So I think you have more skills in crypto trading than in forex trading because you can manage the risks in crypto trading than in forex trading. The other people will have a different opinion too about which will be more profitable because they have different skills than us.

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July 29, 2020, 02:05:19 PM
 #63

Making profits with trading in cryptocurrencies is comparatively easy rather than doing so with forex because the price volatility is usually more in cryptocurrencies (especially fiat / cryptocurrency trading). There are more chances of entry and exit in crypto trading than that of forex and hence it is more profitable in my opinion.
This is actually depend on your strategy, trading forex and trading crypto currency are same. You can use your strategy to trade in forex and crypto currency as well. As for the entry issue, I just think if you need more chance to entry the market you should choose a small time frame like 15 minutes, 10 minutes and 5 minutes. The volatility market is not guarantee for you to gain profit, this goes back to your strategy, your analyst, your experience to meet in any market situation.
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July 29, 2020, 03:36:02 PM
 #64

It's like you are asking which gambling game is more profitable, poker or slots? While for some poker can be disaster and slots profitable, you will find a bunch of other people who feels the opposite. It's the same here, for me crypto trading is more profitable, but I don't trade forex, I never did. What is more profitable for someone is not necessary profitable for others, it's same with losing side, while some people lose, others are making money with the same thing.
What is better for you depends only on you, it's for what you have some skills, knowledge, it will go better for you. If you are just doing that because you saw others doing it, you will probably lose your money. So find yourself and what is good for you, what is that you can find with trying one, then other, and like that until you find the best option for you.

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July 29, 2020, 03:37:29 PM
 #65

I find Forex trading more profitable, might be because I understand it better than Trading with Cryptocurrency. But recently I am entering into latter, at the moment I am not being able to do well, but I hope knowledge will from the other sector will take part.
Its quite difficult to trade highly volatile cryptocurrencies due it price momentum which is often difficult to analyze in most cases and often defies technical analysis however a lot of traders simply embrace buying low and selling high which when apply for crypto trading works well, cryptocurencies risk to reward ratio are also high however forex trading involves both technical and fundamental analysis with a moderate volatility and a small spread or commission which is more profitable, personally I prefers forex trading to crypto trading while avoid any sort of analysis on crypto trading than just buying low and hodl then sell at high.

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July 29, 2020, 03:45:15 PM
 #66

Foreign Exchange Market trading for me is too slow to make a profit from. Instead my preference is crypto currency trading as the market is much more volatile, yes, also risker though.
With crypto trading you can leverage and improve odds of profit by analysing which Alts could make the next big move whilst still having not much of the market cap  Grin





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July 29, 2020, 09:19:52 PM
 #67

I find Forex trading more profitable, might be because I understand it better than Trading with Cryptocurrency. But recently I am entering into latter, at the moment I am not being able to do well, but I hope knowledge will from the other sector will take part.
Its quite difficult to trade highly volatile cryptocurrencies due it price momentum which is often difficult to analyze in most cases and often defies technical analysis however a lot of traders simply embrace buying low and selling high which when apply for crypto trading works well, cryptocurencies risk to reward ratio are also high however forex trading involves both technical and fundamental analysis with a moderate volatility and a small spread or commission which is more profitable, personally I prefers forex trading to crypto trading while avoid any sort of analysis on crypto trading than just buying low and hodl then sell at high.
We can really differentiate between the two in talks of volatility aspect.We do know that the higher the volatility intensity the higher the possible profitability but same goes into the risk involved.

The lesser the movement the lesser it is but when it comes to general risk talks then both does have they do only differ on the intensity and towards on analysis neither technical and fundamentals

then i can say that forex is much better than on crypto which is highly reactive and a very unpredictable because it can move out its price without having any both sentiments.

R


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July 29, 2020, 11:42:44 PM
 #68

In my opinion depending on traders, a trader must have knowledge and experience. If you master Forex more than Crypto, of course
Forex is more profitable, and vice versa. So ask yourself, it's more comfortable trading Forex or Crypto, it's also very influential
to be able to generate large profits. Because everyone if you are comfortable with one thing, it is definitely more serious to learn it.
For me crypto trading is more profitable compared to Forex trading, because I really like crypto trading with its volatile prices.
Can be used to generate profits.

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July 30, 2020, 03:25:19 AM
 #69

It is really depends on what kind of trader are you, the answer is subjective so we cannot say that trading cryptocurrencies are more profitable than forex and also in vice versa. I trade both but trading I'm more used to trade cryptocurrencies than forex because it is what I want. I make money from both but I can handle the volatility and manage the risks more when I trade cryptocurrencies. Even though I'm earning more from trading cryptocurrencies, it still not mean that it is more profitable than trading forex.

Yes, that will depend on how good you trade. If we are trading more in crypto and we have skills in crypto trading, I think we will be able to make a profit in crypto than in the forex.
What you mean here is depend on which platform we are expert,because trading need skills and knowledge,there  are many people that gaining good profit in forex while we as crypto enthusiast.we choose to trade here.
but still it will depend on your dedication and capacity to understand things for you to make income both crypto or forex
Quote
So I think you have more skills in crypto trading than in forex trading because you can manage the risks in crypto trading than in forex trading.
Or maybe he just deservee to be in crypto more than forex?because look at the former traders that quits by now,they did their best to make income here but in the end?losing is what they got.
Quote
The other people will have a different opinion too about which will be more profitable because they have different skills than us.
whatever we choose to enter,always give our best and time ,that is the best way winning in trading.
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July 30, 2020, 10:38:40 AM
 #70

It is really depends on what kind of trader are you, the answer is subjective so we cannot say that trading cryptocurrencies are more profitable than forex and also in vice versa. I trade both but trading I'm more used to trade cryptocurrencies than forex because it is what I want. I make money from both but I can handle the volatility and manage the risks more when I trade cryptocurrencies. Even though I'm earning more from trading cryptocurrencies, it still not mean that it is more profitable than trading forex.

Yes, that will depend on how good you trade. If we are trading more in crypto and we have skills in crypto trading, I think we will be able to make a profit in crypto than in the forex.
What you mean here is depend on which platform we are expert,because trading need skills and knowledge,there  are many people that gaining good profit in forex while we as crypto enthusiast.we choose to trade here.
but still it will depend on your dedication and capacity to understand things for you to make income both crypto or forex
Yes, every person involved in crypto trading and forex trading will need skills and knowledge to start making a profit. If they don't learn to improve their skills, they will not make a profit, but they can get lost many times.

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So I think you have more skills in crypto trading than in forex trading because you can manage the risks in crypto trading than in forex trading.
Or maybe he just deservee to be in crypto more than forex?because look at the former traders that quits by now,they did their best to make income here but in the end?losing is what they got.
Maybe but if he can not improve his skills, I don't think that he can survive in the crypto trading and forex because that will make him feel difficult to make money.

Quote
The other people will have a different opinion too about which will be more profitable because they have different skills than us.
whatever we choose to enter,always give our best and time ,that is the best way winning in trading.
We need to try hard and not give up because who knows, and we can get what we want someday. Making a profit and loss in trading is usual, but how we can learn from the loss will be the best lesson for us to improve our skills.

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July 30, 2020, 10:55:44 AM
 #71

I think that this question can be answered ambiguously, since it is easier to trade on Forex than cryptocurrencies. but thanks to the volatility of cryptocurrencies, a trader makes a profit several times more than Forex trading. trading in fiat currencies, in my opinion, is very limited in its capabilities, besides, in order to get a good profit, you initially need to have a very large start-up capital, unlike trading in cryptocurrency.
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July 30, 2020, 12:09:40 PM
 #72

actualy the question is like "Which is more profitable, opening a snack bar or opening an ice cream parlor?"

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July 30, 2020, 12:20:35 PM
 #73

Crypto Currency Wink
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July 30, 2020, 12:30:33 PM
 #74

I disagree on the real currency trades. They are too slow and have snail movements to be honest. If you comparing them with the current speeds then behold, it's because of economic turbulence of Corona. It's more or less fake movement.

On the normal day it would have zero effect and all the currencies will be moving one or two bar ups and down.

However, when we get into crypto the movement is volatile and you get an opportunity to trade with confidence. You know very well there will be at least significant change in the market so as to grab pointy profits.

Just my thoughts. Everybody has their own choices. :-)
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July 30, 2020, 01:33:51 PM
 #75

Trading crypto or forex doesn't matter, they are not really that different things from each other, what matters is how much you are willing to spend on learning them, if you are very good at forex you could basically switch that to crypto as well, if you are very good at crypto you may need to learn few more things about forex too, because politics barely ever effect crypto and only do if it is about crypto, but politics effect forex all the time, when it is not even about forex, it could be military or anything and it would be effected.

I would say pick whichever one you prefer and feel more comfortable with, forex is a lot more legal and a lot more common so if you go with that there are some advantages, crypto is a lot more high tech and you could be super rich very quickly which are the advantages of that.

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July 30, 2020, 06:03:05 PM
 #76

Nothing beats forex and comparing them to the volume of each field crypto currency trading would only be a dust and cant stand any chance to forex but still its good to trade on both but i think forex which is more complicated compared to cryptocurrencies.
If we are talking about the trading volume, of course forex market has a much higher trading volume than the cryptocurrency market. But this does not mean that the profit potential of forex is greater than the crypto market. Forex is not a volatile market and offers steady profits unlike cryptos. Although, if we talk about trading volume, forex has an average daily trading volume of 5.1 trillion dollars with is a lot when compared to crypto market.

A trader can trade on any platform considering where his expertise lies. If you are a good trader, you could make significant profits from any market be it the cryptocurrencies, forex or stock market. If we are talking about the profit percentages, it’s obvious that cryptocurrencies offer much more profit than any other market in the short term.

It’s the most volatile market out there which means that the profits can be tremendous if you make your moves right but, the losses can also be significant if things go wrong. Every market has its own advantages and disadvantages. So, if you are looking to make high profits by taking risk, opt for crypto market and if not, opt for forex trading as it offers consistent profit at lower risk.
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August 01, 2020, 12:02:05 PM
 #77

I used to trade with Poloniex but I do not earn a lot, my loses from trading is higher than my profit, I think due to Bitcoin crazy price up and down. Until I try Forex trading using WhaleClub, where I trade currencies using Bitcoin.

To be honest I found trading with real currencies like: GBP/USD, EUR/USD is more profitable than trading with BTC/ETH, etc..

Do you agree?

Excuse me, no offense but I beg to disagree with your statement. Because to be honest it is much better to trade cryptocurrency/Bitcoin rather than Forex. You know why? because of the volatility they have compared with real currencies you've mentioned at the above. This was already proven and tested to me for a couple of years now.
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August 01, 2020, 12:38:11 PM
 #78

I used to trade with Poloniex but I do not earn a lot, my loses from trading is higher than my profit, I think due to Bitcoin crazy price up and down. Until I try Forex trading using WhaleClub, where I trade currencies using Bitcoin.

To be honest I found trading with real currencies like: GBP/USD, EUR/USD is more profitable than trading with BTC/ETH, etc..

Do you agree?

Excuse me, no offense but I beg to disagree with your statement. Because to be honest it is much better to trade cryptocurrency/Bitcoin rather than Forex. You know why? because of the volatility they have compared with real currencies you've mentioned at the above. This was already proven and tested to me for a couple of years now.

with leverage Forex can be as volatile on the 1min graph as crypto on the 15min.

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August 01, 2020, 03:13:09 PM
 #79

I've voted for Trading cryptocurrency. Trading cryptocurrency is much more profitable because I've once traded forex I couldn't even understand more about it. But so far, I found trading cryptocurrency much easier and profitable.
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August 01, 2020, 05:36:57 PM
 #80

Depend which one respond our question, when asking on crypto trader they will answer bitcoin and altcoin most profitable than forex but exactly have different answer when asking at the forex trader, I know only with bitcoin and altcoin trading and still blind with how forex working is the same with future trading or not.

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