Bitcoin traders, why don't you just trade forex?

[Victorycoin]

There is many common factors between trading altcoins /Bitcoin, and Forex. But the main difference in my opinion is that Forex need usually big budget to start with it, however you can start with smallest budget when you trade Bitcoin and altcoins

Yes , and unlike forex in crypto trading we can start any amount we want from 0.001 to 1 depending on the coins you want to trade.
On forex we need some training and tutorial to begin forex like mechanism or whatever is that and it's more difficult than crypto trading

Minimum amounts required to trade in forex market may not necessarily be huge, as that is subject to the broker one is using and a number of brokers, Agea for instance accepts trades that are even less than $1. All the same, I think the better way to see it, is that trading with small budgets either in forex or cryptocurrency, doesn't bring out the best in trading as it invariably leads to over trading, boredom and eventually loss. With reasonable trading capital, knowledge and experience, it becomes easier for any trader to make good profit off the market, forex or cryptos.

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[Zadicar]

Well trading in Bitcoin and in Forex does really differ hence in forex you will able to trade anykind of stuffs (currencies,commodities,OTC) compare to bitcoin which you could only trade on small groups of altcoins and also forex is so complex and you will need to trade it carefully and some have good enough knowledge with it because lossing money is always high when you dont trade carefully.

[xuan87]

I prefer to do bitcoin trading because I am more familiar to it, I know where to get my updated news, what I should notice and what kind of rumour that can change bitcoin price, and beside of that, Forex need quite amount of money and it is difficult fro me to deposit and withdrawal my money and I have been trading bitcoin for almost a year, so I am quite comfortable with bitcoin trading

[outatime1]

I think there is a big advantage for bitcoin and other crytocurrency trading because the fees are a percentage of the trades. Also, the fees are very low, so you can make very small trades and the fees are almost insignificant.

[monbux]

I think there is a big advantage for bitcoin and other crytocurrency trading because the fees are a percentage of the trades. Also, the fees are very low, so you can make very small trades and the fees are almost insignificant.

lol, pure bullshit that the user is saying to upp his post count. 

On topic, that's like saying why doesn't everyone just trade equities, or JUST trade commodities.  There are different markets to bet on and they all have different risks associated with them.
Bitcoin has higher volatility (usually) that allows traders to profit/lose a huge amount in a short amount of time.  Same could be said with forex though.

[icecube45]

What you say is very true and I totally agree with you. Forex trading is a safer and more viable than bitcoin. I use both, but I do tend to use forex trading. But I also try to trade bitcoin, I see fluctuations bitcoin always go up and it would be good to make a profit. In terms of profits, although very risky but bitcoin trading can give good profit. Maybe that was the reason I did bitcoin trading.

[leeloo]

I think there is a big advantage for bitcoin and other crytocurrency trading because the fees are a percentage of the trades. Also, the fees are very low, so you can make very small trades and the fees are almost insignificant.

Actually, the same goes for ECN brokers like LMAX or Dukascopy, where you pay commission and they are not part of the trade (i.e. they don't widen the spread, like Oanda, for example.) As for how low those crypto commissions are, Poloniex charges 0.25% for the taker (in their most expensive tier), while LMAX charges 0.0025% of the notional value of the trade. Granted, volatility is lower than crypto's (so you'll need larger positions), but not 100x lower...

[leeloo]

Another random thing I thought is that liquidity is a near non-existent for crypto with $14ish billion market cap, while forex is THE most liquid market on the world with $4 trillion volume/day.

Basically, forex deals with roughly 300x more money on a single (week)day than there are cryptocurrencies in existence; crypto is insignificant to the level of maximum global irrelevance.

Now, I'm not saying it can't prove to be a historic invention, eventually; we're just not there, and there are problems to be solved *cough* scaling *cough*

Okay, now bring on the hate!  

[Dmitry.Vastov]

Forex is more riskier than bitcoin trading. If you are not good at analizing, thats it. You are done. You should study forex first before entering. Its also very hard to manage. Forex can give you really big profit. But there is a low chance to happen. You could lose your.money fast. Forex is not a place for you if you dont know anything about it.

[AlRubyx]

Forex is more riskier than bitcoin trading. If you are not good at analizing, thats it. You are done. You should study forex first before entering. Its also very hard to manage. Forex can give you really big profit. But there is a low chance to happen. You could lose your.money fast. Forex is not a place for you if you dont know anything about it.

I know how to lose money fast, trade with you. Scammer ass bitch https://bitcointalk.org/index.php?topic=1439440.0

[Supercrypt]

Forex is more riskier than bitcoin trading. If you are not good at analizing, thats it. You are done. You should study forex first before entering. Its also very hard to manage. Forex can give you really big profit. But there is a low chance to happen. You could lose your.money fast. Forex is not a place for you if you dont know anything about it.

As Forex trading requires a continue study on skill development and technical analysis, that is a fact that forex is too much risky especially if you do not have a good knowledge on these aspects. Personally I stopped forex trading after my broker suddenly closed their services as they were not regulated for world wide.

[arwin100]

Forex is more riskier than bitcoin trading. If you are not good at analizing, thats it. You are done. You should study forex first before entering. Its also very hard to manage. Forex can give you really big profit. But there is a low chance to happen. You could lose your.money fast. Forex is not a place for you if you dont know anything about it.

As Forex trading requires a continue study on skill development and technical analysis, that is a fact that forex is too much risky especially if you do not have a good knowledge on these aspects. Personally I stopped forex trading after my broker suddenly closed their services as they were not regulated for world wide.

Thats why crypto traders prefer to trade alts since we familiarize the flow of certain alt on the exchanges rather than doing some trades on forex while theres no assurance for us to earn since it needed more experience and people to guide us for any start up step on doing some trades, and also i think we can get more high risk on forex rather than alts.

[Potato Chips]

Its because I am more familiar in trading altcoins than forex. And I'm not like any other people who got a huge amount of money trade on forex.

My starting money in trading alts is only 0.02 and I made a great profit from that. This is also the reason why I chose to trade alts than forex because I'm low on capital.

[(altair)]

Forex trading has very high risks than bitcoin or altcoin trading. Forex trading also requires some huge amount to start trading. Unlike in bitcoin or altcoin trading which you can start for only 1$ or lower than that depending on what you can afford. Also bitcoin or trading sites is very accessible to anyone and doesn't require some legal infos about yourself.

[ubitcoin]

Forex trading has very high risks than bitcoin or altcoin trading. Forex trading also requires some huge amount to start trading. Unlike in bitcoin or altcoin trading which you can start for only 1$ or lower than that depending on what you can afford. Also bitcoin or trading sites is very accessible to anyone and doesn't require some legal infos about yourself.

But I heard Forex trading also could be started with small amount of capital like less then $10. So the initial capital will not be a problem for most of the bitcoin traders to start trading in forex. Only the risk levels will be a big concern for them.

I just want to ask when we are profitable with bitcoin trading why we need to go for Forex trading ?

[Victorycoin]

Forex trading has very high risks than bitcoin or altcoin trading. Forex trading also requires some huge amount to start trading. Unlike in bitcoin or altcoin trading which you can start for only 1$ or lower than that depending on what you can afford. Also bitcoin or trading sites is very accessible to anyone and doesn't require some legal infos about yourself.

Forex trade can rightly be said to be riskier than cryptocurrency trade because forex trade is mainly margin trade and a trader is actually dealing with the entire economy of a country, which can be quite cumbersome compared to the economy around a coin. At any rate neither forex nor cryptocurrency trade dishes out free lunch, however a knowledgeable forex trader stands a better chance of understanding when to engage the market and when a party is spent.

[1enterthebtc]

Pick one market and become an expert and only trade that. Index options, BTC/USD or whatever. I think this will give the best chance of success.

[Victorycoin]

Forex trading has very high risks than bitcoin or altcoin trading.

Both forex and cryptocurrency markets are speculative in nature, so they are both risky, forex however is well on ground.

Forex trading also requires some huge amount to start trading. Unlike in bitcoin or altcoin trading which you can start for only 1$ or lower than that depending on what you can afford.

That is not true, there are some forex brokers that also welcome minimum deposit of $1, example Age, FSB,etc

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.

[capoeira]

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

[X-ray]

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