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Author Topic: Bitcoin traders, why don't you just trade forex?  (Read 21959 times)
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December 13, 2016, 11:06:42 AM
 #181



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Also bitcoin or trading sites is very accessible to anyone and doesn't require some legal infos about yourself.
With bitcoin, verification is not mandatory as against forex trade, where almost brokers insist on knowing their customers. That can be understood from the fact that forex trade revolves around fiat currencies and they always wants to be in control.

Security has it's price. you can always find a Bitcoinlike non-regulated Forex Broker, but I don't recomend this
I would honestly choose the most recommended forex broker even it's required to verify to identity because it's for the sake of my money and not going to go to shitty forex broker which often don't require verification.
i don't do anything illegal and i'm sure that those identity will be stored safely as long it's known forex broker. not going to doubt


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December 13, 2016, 11:16:39 AM
 #182

With forex trading lot of research regarding the particular stock holder and the growth needs to be researched. With bitcoin due to its fluctuations happening often no need make lot efforts. Even buying and holding will give better earning.

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December 13, 2016, 07:11:29 PM
 #183

I don't have so much knowledge about trading but I Think there's much risk on Forex than bitcoin or alt coin trading and Forex has more complicated characteristics . If there are many things we need to consider on bitcoin and alt coin trading there's much more with Forex I guess .

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December 13, 2016, 09:01:35 PM
 #184

I see there are a lot of first time traders trading Bitcoin via the hack exchanges of MtGox and Tradehill.  It makes me wonder, why don't you guys just trade real forex?  You can open micro accounts with as little as $25.  You get security far better than these shady exchanges.  You get real customer service with a real business that won't disappear and leave you only an email address to cry to.  You get real trading platforms with reliable data, not some ghetto hack stuff.  You get plenty of liquidity, which allows of smooth trading.  And, best of all, you don't have to worry whether it's legal or not!  Trading is hard enough as it is, why anyone would want all these additional factors working against them is beyond me.

So, to all the bitcoin traders out there... what are your reasons for trading these shady, unsafe bitcoin markets over regular FX?
my view on this is; forex and bitcoin are the same thing, we always look at bitcoin as something different from our country's currency, but it is not so. Come to your question bitcoin with other altcoin is easily predictable and if you do your study very well, you can easily identified exchanger or broker that has sounds business records online. However both simplefx and openforex  has bitcoin among their trading assets.

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December 13, 2016, 09:06:00 PM
 #185

I am not so familiar in forex but i just always seen it in advertisement that asking for a large amount to deposit so i can not afford it that is why did not choose it to trade instead i just stay in poloniex and yobit and other well known trading site it is more good because we have already knows about crypto.. i want to try forex before because there is some seminar here for free that you can learn basic in forex how to trade. and they are giving contest and receive the amount they are give for those who win.. but the concept for me is the same as other trading site so i just stay in crypto currency than forex.

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December 13, 2016, 09:49:23 PM
 #186

I see there are a lot of first time traders trading Bitcoin via the hack exchanges of MtGox and Tradehill.  It makes me wonder, why don't you guys just trade real forex?  You can open micro accounts with as little as $25.  You get security far better than these shady exchanges.  You get real customer service with a real business that won't disappear and leave you only an email address to cry to.  You get real trading platforms with reliable data, not some ghetto hack stuff.  You get plenty of liquidity, which allows of smooth trading.  And, best of all, you don't have to worry whether it's legal or not!  Trading is hard enough as it is, why anyone would want all these additional factors working against them is beyond me.

So, to all the bitcoin traders out there... what are your reasons for trading these shady, unsafe bitcoin markets over regular FX?

I totally agree with this idea. I have been a succesful forex trader for more than three years and I have always enjoyed a satisfactory experience with the different brokers I work with. Unfortunately I can't say the same about my experience in altcoin trading, and that is why I have preferred to focus my full attention on forex, which is my main source of income.

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December 14, 2016, 08:38:20 AM
 #187


So, to all the bitcoin traders out there... what are your reasons for trading these shady, unsafe bitcoin markets over regular FX?

With bitcoin you get volatility to make daytrading attractive and no shady central bank rigging the prices. Forex trading is simply a game of chance, reading the brain of central banks (and the volatility is crap).
Where's a good place to day trade btc?

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December 15, 2016, 07:07:08 AM
 #188

I am not so familiar in forex but i just always seen it in advertisement that asking for a large amount to deposit so i can not afford it that is why did not choose it to trade instead i just stay in poloniex and yobit and other well known trading site it is more good because we have already knows about crypto.. i want to try forex before because there is some seminar here for free that you can learn basic in forex how to trade. and they are giving contest and receive the amount they are give for those who win.. but the concept for me is the same as other trading site so i just stay in crypto currency than forex.
Besides trading on cryptocurrency is available for you 24/7 while forex not available in the weekend.
Cryptocurrency trading much more newbie friendly rather than forex , this is based on my personal experience.
The deposit amount doesn't really matter for me as mostly have $5 forex minimum deposit and it is still affordable i guess.

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December 15, 2016, 07:55:12 AM
 #189

I am not so familiar in forex but i just always seen it in advertisement that asking for a large amount to deposit so i can not afford it that is why did not choose it to trade instead i just stay in poloniex and yobit and other well known trading site it is more good because we have already knows about crypto.. i want to try forex before because there is some seminar here for free that you can learn basic in forex how to trade. and they are giving contest and receive the amount they are give for those who win.. but the concept for me is the same as other trading site so i just stay in crypto currency than forex.
Besides trading on cryptocurrency is available for you 24/7 while forex not available in the weekend.
Cryptocurrency trading much more newbie friendly rather than forex , this is based on my personal experience.
The deposit amount doesn't really matter for me as mostly have $5 forex minimum deposit and it is still affordable i guess.

Yep, there are a lot of advantages in trading bitcoin instead of forex, including the reason that he stated above. The 24/7 trading is definitely an attraction, and there are more swings in the market price so there are more opportunities i guess.

Fiat currency market cap is too big, meaning that even a small fish in the fiat market can be a whale moving bitcoin 10-15% in a day in bitcoin.
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December 15, 2016, 08:11:57 AM
 #190

forex trading is very dificult altchough can high profit
you can lost all your money in margin call
bitcoin trading without margin call, you still in hand your bitcoin you can hold until bitcoin price incraese again
bitcoin trading only lost not all lost your money

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December 15, 2016, 08:18:45 AM
 #191

Because with bitcoin trading you are personally involved in it, if you believe that bitcoin is going to go well in the long run. That makes trading so much more worthwhile, and so much more fun as well in my opinion.

Also you are able to control the markets in certain situations, if you have enough funds, instead of riding the government policies all the time on fiat trading.














 

 

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December 15, 2016, 09:23:41 AM
 #192

I am not so familiar in forex but i just always seen it in advertisement that asking for a large amount to deposit so i can not afford it that is why did not choose it to trade instead i just stay in poloniex and yobit and other well known trading site it is more good because we have already knows about crypto.. i want to try forex before because there is some seminar here for free that you can learn basic in forex how to trade. and they are giving contest and receive the amount they are give for those who win.. but the concept for me is the same as other trading site so i just stay in crypto currency than forex.
Besides trading on cryptocurrency is available for you 24/7 while forex not available in the weekend.
Cryptocurrency trading much more newbie friendly rather than forex , this is based on my personal experience.
The deposit amount doesn't really matter for me as mostly have $5 forex minimum deposit and it is still affordable i guess.

Yep, there are a lot of advantages in trading bitcoin instead of forex, including the reason that he stated above. The 24/7 trading is definitely an attraction, and there are more swings in the market price so there are more opportunities i guess.

Fiat currency market cap is too big, meaning that even a small fish in the fiat market can be a whale moving bitcoin 10-15% in a day in bitcoin.
the bitcoin price volatile i guess be the main reason why people prefer to trade on crypto rather than forex.
forex just have more established in term of community and support.
a lot of works must be done to make cryptocurrency much more interesting to forex actually.

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December 15, 2016, 10:08:03 AM
 #193

With forex trading lot of research regarding the particular stock holder and the growth needs to be researched. With bitcoin due to its fluctuations happening often no need make lot efforts. Even buying and holding will give better earning.

Yes i agree with you because in forex we need to do lot of researches before doing any thing, but i see there are many looser in forex but many don't have much knowledge in forex and loosing their money. Where as in bitcoin trading we have very good platform that we can able to discuss how a particular coin will work and what are their future plans we can easily discuss with owner here in bitcointalk forum.

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December 15, 2016, 10:15:24 AM
 #194

I don't have so much knowledge about trading but I Think there's much risk on Forex than bitcoin or alt coin trading and Forex has more complicated characteristics . If there are many things we need to consider on bitcoin and alt coin trading there's much more with Forex I guess .

its true and as we don't know much about trading, i think its not worth to try trading in forex because we can risk all funds without we know we should do in trading forex, but i heard we can make much of money from forex as long as we know how to trade forex with right and good.

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December 15, 2016, 10:16:20 AM
 #195

Bitcoins is not fiat currencies, it is like gold by the time the price will be increasing.
So if i am wrong making prediction, i can hold the bitcoins.
On forex trading i can not hold position and it is mean i must be losing my money.
That is why i am more like trading bitcoin than trading forex.


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December 15, 2016, 10:49:42 AM
 #196

I would never choose forex because it's too risky and there are so many fake and fraudulent forex platforms. You can read about forex scams every day. Besides I don't know anyone who have ever made any decent profit with trading on forex and losin a great deal of money. Also bitcoin is to volatile to be traded on forex, trading on exchangers is much better option.

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Capradina
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December 15, 2016, 01:01:23 PM
 #197

I would never choose forex because it's too risky and there are so many fake and fraudulent forex platforms. You can read about forex scams every day. Besides I don't know anyone who have ever made any decent profit with trading on forex and losin a great deal of money. Also bitcoin is to volatile to be traded on forex, trading on exchangers is much better option.

Why do you worry too much over the defeat of which you can get in forex ....?? , all things must have a risk and we are obliged to find ways to minimize the risk as small as possible. Because a risk can never be eliminated or replaced with an advantage, if we can't use it properly. Or it could be said that if we want to win in forex then should be able to master the science and knowledge about forex

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December 15, 2016, 08:17:47 PM
 #198

Probably one of the reasons some people prefer to trade in bitcoin exchanges over forex is the fact that even if you were to lose some money in a trade the fact that bitcoin price keeps going up helps us soften the losses and if you profit form the trades then you get even more profit, because you get a bigger amount of bitcoin and a bigger amount of fiat for each bitcoin.



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Rainbot
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December 16, 2016, 06:05:13 AM
 #199

It is more preferable to trade in bitcoin exchanges than in forex because it is the kind of trading that  familiar to me. I am more at ease when trading in bitcoin exchange because I'm already used to it. Although they are more unpredictable because of high volatility, one can still learn how master this kind of trading with patience and determination.
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December 16, 2016, 02:59:52 PM
 #200

I would never choose forex because it's too risky and there are so many fake and fraudulent forex platforms. You can read about forex scams every day. Besides I don't know anyone who have ever made any decent profit with trading on forex and losin a great deal of money. Also bitcoin is to volatile to be traded on forex, trading on exchangers is much better option.

Why do you worry too much over the defeat of which you can get in forex ....?? , all things must have a risk and we are obliged to find ways to minimize the risk as small as possible. Because a risk can never be eliminated or replaced with an advantage, if we can't use it properly. Or it could be said that if we want to win in forex then should be able to master the science and knowledge about forex
Avoiding losses on forex is really an impossible thing to happen and you are right all things have risk especially on trading field since prices of currencies are too volatile and we cant trade perfectly and theres no perfect trader that do winning trades 100%. Minimizing the losses is the best way with proper knowledge and experience.People would choose on which trading would suit them its either on bitcoin or on forex but for me I could say that forex is complicated.



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