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Author Topic: Bitcoin traders, why don't you just trade forex?  (Read 24423 times)
Gheka
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July 03, 2018, 04:30:05 PM
 #481

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 believe that if you are new to the market and have no experience then I think you should only trade bitcoin and should not engage in forex. It can be seen that the forex market is very large and very complex, only a small flaw in the transaction you may be burning the account and lose all. The bitcoin market is still in a bear market in the long run so trading becomes more difficult.
Because the forex market is too large and complex, we have more experience and skill, it is still not enough for us to settle the situation in this market, the variables and unknowns in the forex are too much, exactly as you said, with only very minor mistakes our account can quickly return to zero. So regardless of whether we are new or old in the investment field, we should not be looking for good luck and wealth in forex, trading bitcoin is still the best place for all of us, sometimes this market will be difficult but it will soon recover and make us happy

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SirLancelot
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July 09, 2018, 10:52:19 AM
 #482

First of all forex requires a lot more serious legalities. You need to get an account, link your bank account, give permissions, pay them etc etc a lot of stuff. I trade on binance and I have not verified myself and never sent any documentation to anyone.

Forex is different, you need to be professional about it, and there are so many people trying to abuse it. Trading crypto currency is a lot easier and a lot more satisfying now that "whales" are not as dangerous as forex.

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connexus
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July 09, 2018, 10:57:20 AM
 #483

Bitcoin has better income potential compared in trading forex. Based on my experience bitcoin is too risky but the income is really worth it while forex trading the income is incomparable to the income comes from crypto currency.


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cryptojaani
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July 09, 2018, 11:42:17 AM
 #484

Forex is very stable, yet money is lost.
The crypto are crazy, but with a little 'luck (a lot ...) you can get rich.
Both has the same risk, i has been in forex trading in 2 years but hard to get profit by consistent, i was learn about technical and fundamental analysis but often all that strategy does not work. I prefer to jump in to crypto market because i can get profit only by make investment in long term. Lets say we can make profit in 1 years in crypto about 10 times just by make investment in long term but in forex we should be full times trading to get the same profit.
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August 03, 2018, 01:55:29 PM
 #485

You can definitely trade on Forex if you know a lot about it. As for me, I know more about the cryptocurrency, therefore, I choose exactly crypto. Additionally, I have many coins. This video explains: https://www.youtube.com/watch?v=g7mYEd1inp4

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August 03, 2018, 02:28:33 PM
 #486

Cryptomarkets are much more volatile, you can earn much more in much less time.
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August 03, 2018, 02:37:16 PM
 #487

I keep learning in bitcoin trading to hone my skills, why I prefer bitcoin because I am interested in something new, actually I am also interested in forex but I only have time on Saturdays and Sundays because on another day I have to work, so I chose to trade bitcoin because bitcoin trading on Saturdays and Sundays can still be a transaction while the Saturday and Sunday forex is closed.

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August 03, 2018, 04:05:34 PM
 #488

For retail traders, in most cases you are trading against the house/FX dealer. They do everything they can to eat up all your money, i.e. huge bid/ask spread in volatile periods, spiking the price if you placed stop loss order, giving you a huge margin. There is nearly no way to trade in a relatively fair FX exchange unless you go into brokerage firm to trade in CME. Fair game does not apply on retail players in FX market.
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August 07, 2018, 07:28:52 AM
 #489

Forex is very stable, yet money is lost.
The crypto are crazy, but with a little 'luck (a lot ...) you can get rich.
Another thing is that for forex you need to be experts in charting etc but for bitcoin altcoins trading that is not compulsory as it depends on news.
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August 07, 2018, 04:58:44 PM
 #490

First of all forex requires a lot more serious legalities. You need to get an account, link your bank account, give permissions, pay them etc etc a lot of stuff. I trade on binance and I have not verified myself and never sent any documentation to anyone.

Forex is different, you need to be professional about it, and there are so many people trying to abuse it. Trading crypto currency is a lot easier and a lot more satisfying now that "whales" are not as dangerous as forex.


Absolutely right, brother. I do not like these complications that is why I always choose the cryptocurrency. It is safe, fast, easy. You can enter the market now even if you have less than 100 dollars.

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August 07, 2018, 05:46:46 PM
 #491

Almost forex markets are unregulated and just simulated, not actually trading on the open market. So you are new or old in the investment, we should not be looking for good luck and rich in forex.

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August 09, 2018, 08:46:04 PM
 #492

Forex is a difficult market, where the best traders in the world operate. The chances of making money are very limited.
Crypts are also difficult, but at least the possible gains are much greater.

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August 09, 2018, 08:57:54 PM
 #493

the manipulation that occurs in crypto can`t be done anyhow in the forex market, the earning and returns here are the fastest ones and the tax is zero, what a better place for an easy money seeker to trade on  ?
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August 10, 2018, 01:33:56 AM
 #494

I think is better we have knowledge of trading in different market,  not only in crypto trading but also in others asset like forex,  stocks, commodities and indices. This is because in crypto trading we can make profit only when the price on bullish,  and when the crypto market on bearish we should be move the money in to others asset.

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August 10, 2018, 03:24:35 AM
 #495

Forex investing for many people has become not only a profession but also a great way to preserve and increase capital. The profit generated by real exchange transactions is much higher than the inflation rate, the investor or the trend of the market to trade.
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August 10, 2018, 06:52:21 PM
 #496

You can easily trade at the same time on forex and crypto.
The important thing is to remember that the strategies that allow you to queuing in the forex (anything but safe ...) do not seem to work when it comes to crypto.

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August 10, 2018, 11:40:53 PM
 #497

I trade crypto currency, and not Forex, because I really like how the crypto currency changes our world and the entire financial system and I want to support it in any ways.
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August 11, 2018, 09:32:31 AM
 #498

As for me, Forex is a bit complicated. You have to give first, a lot of information about you. Additionally, serious knowledge here is needed. I choose the cryptocurrencies and crypto trading as I simply understand it.
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August 11, 2018, 10:42:28 PM
 #499

Forex is more stable, and it is difficult to make big gains if you do not move major capital.
The crypto are much more volatile, certainly more dangerous, but with a little skill and luck you can earn much more.

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August 12, 2018, 08:04:41 AM
 #500

Trading Bitcoin in forex is better than with cryptos. Forex market is less volatile and respects technical analysis more than the crypto market that is volatile and governed mainly by fundamental. People make huge amount of money trading Bitcoin in forex because the liquidity is there and you buy or sell without worries.
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