Forex vs Cryptomarket

[Beerwizzard]

Just trying to unerstand how ppl earning on crypto peculations. Currently interesting on how is it possible to track any possible signals. For example while trading on forex (don't have a real trading exp, just saying how  I understand it)  currencies are reacting on different political / social / economical events and then traders (or different companies like invest banks) are performing theis special shamanistic rituals trying to forecast the amount of possible changes.
But how is it working with BTC? There is mutch less amount of information what makes harder it to predict the further demand and upcoming changes.

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[Images21]

There's not much difference but what you're saying is basically true. In forex, you will be studying and monitoring those steps taken by countries that may affect the value of their currency. In crypto trading, you will be studying and monitoring the specific crypto. In forex, you will have to watch the global market as well. In crypto, you will closely watch the entire crypto market also.

Here's the big difference: in crypto, you will easily gain a huge profit. In forex, it would be harder. In crypto, alts double, triple, quadruple, etc their value in a short time. In forex, it simply won't happen.

[Beerwizzard]

Is it going the same way in long and short terms with crypto? Short term crypto trading is looking quite unpredictable for me.

[slaman29]

No need to wonder anymore how people trade crypto signals, just do a google search and the first page will bring you all the major predictions. If you like "old school"  signals, then even people like Goldman Sachs now give their analysis using forex lessons. Check out the forum thread here even.

[d0flaming0]

There's not much difference but what you're saying is basically true. In forex, you will be studying and monitoring those steps taken by countries that may affect the value of their currency. In crypto trading, you will be studying and monitoring the specific crypto. In forex, you will have to watch the global market as well. In crypto, you will closely watch the entire crypto market also.

Here's the big difference: in crypto, you will easily gain a huge profit. In forex, it would be harder. In crypto, alts double, triple, quadruple, etc their value in a short time. In forex, it simply won't happen.

I was once interested also in forex trading, and i never had the courage to try it because i have heard so many issues and also one of my friend told me not to try without saying a word or his reason why even if i ask him why. Just like OP i am also wondering why and how they earn from forex.

[Cassie.Jill]

Currently, the crypto is not as mature as forex is.

forex = daytrade
crypyto = buy-hold-sell