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

[metribitcoin]

I have been in forex trading in 2 years but until now I can not reach consistent profit , but when i move to cryprocurrency trading i can reach it because in my opinion crypto trading much easy to gain profit than forex trading because mostly all coin has tren up trend.

[1715419519]

1715419519

[1715419519]

1715419519

[1715419519]

1715419519

[1715419519]

1715419519

[el kaka22]

It's because Bitcoin shows more volatility than the typical Forex pairs. It can raise dozens of percentage points and it can surprisingly drop with the same success!

Just within a day, you can get a huge percentage profit on bitcoin than you can ever imagine on Forex. Even if you want to decide to be day trading, you will still be able to effectively day trade and make good gains that in Forex.

I have traded Forex before and even though it has opportunities for profit, but rest assured that being a centralized environment, you can still lose a lot, but with a decentralized environment, you cannot just ask for something better than what we have already.

[rudox]

Almost all the fx platform owners manipulate the platform especially  when the trade is against you and if did not use stop loss you can not immediate exit a position.  There are more liquidity in Bitcoin than in fx. With bitcoin what you see is what you get.

[capoeira]

you guys are just more used to the pump'n'dump rallies on crypto.
look at this rally on EURUSD for example. with only 100x leverage you can make that 2% into 200%

[Racekid]

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?

What have learnt in trading in both Forex and Cryptocurrency at large is that for a Noob, Cryptocurrency is an avenue for them, unlike Forex a Total noob would most likely loose all his money trading it.

[ssuchy]

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?

What have learnt in trading in both Forex and Cryptocurrency at large is that for a Noob, Cryptocurrency is an avenue for them, unlike Forex a Total noob would most likely loose all his money trading it.

I think that there are a lot of Tysh for the trade in crypto currency, which are very well owned by users. And then as for Forex, in my opinion this is all a fraudulent project, because people with less experience will only lose.

[Ayiranorea]

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?

What have learnt in trading in both Forex and Cryptocurrency at large is that for a Noob, Cryptocurrency is an avenue for them, unlike Forex a Total noob would most likely loose all his money trading it.

I think that there are a lot of Tysh for the trade in crypto currency, which are very well owned by users. And then as for Forex, in my opinion this is all a fraudulent project, because people with less experience will only lose.

That can't be termed to be fraudulent, but the experience required to make a good earning through forex is simply big. Even a small move that we make will affect the entire profiting. The same happens with cryptocurrency trading as well, but can be learned with ease than forex market.

[sinyofx]

you guys are just more used to the pump'n'dump rallies on crypto.
look at this rally on EURUSD for example. with only 100x leverage you can make that 2% into 200%

the problem (most forex trader have) is short trade or scalping method.
Lot of trader think they can make profit daily using small time frame. IF they met 3-6 lost trade i arrow, they will lose their confident and start to break their rule, finally Margin call

Bitcoin trader usually prepare to long term trading, they buy and keep the coin till it up ( it may need more than 1 day to hold)

But actually, we can use forex broker that provide bitcoin trading to hedge real bitcoin trading , this can minimize the lost also one of the fastest way to recovery our asset.

[hritevanz]

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?

[mininglegend1234]

Bitcoin is low risk high reward.

Forex is HUGE risk medium reward.

I saw this becuase in order to make the kind of gains you make in bitcoin (like 500%), with forex, you have to leverage your forex account 50 times.  This means you take 50 times MORE RISK. If it moves down even 1% you ARE LIQUIDATED. Meanwhile bitcoin can lose all of its value and then come back and you can still make 1000%

that is wrong in my opinion , i mean bitcoin are not something that has low risk.

it is high risk with high gain , besides forex available in limited days only , trading bitcoin have much more chance to make money with its volatility, the price keep moving on drastically up and down and that is what makes people love it i think.

I have tried fires also in my early days but i must say is the one with huge volatility! In fact, currencies like GBP/JPY and EUR/JPY could move over 400 pips in one single day. The difference between the behavior of the two trades you suggested above lies on the forex trade being a margin trade, so the leverage ends up multiplying your winning or loss and that is the reason, leverage is often referred to as a double edged sword.

[AliCris]

Forex has long become boring and boring. There are no such sharp ups and downs of currency pairs. All currencies have long been known and long predicted. And in the crypto currency you never know what coin can take off tomorrow. And this spurs the excitement of many traders.

[Nasty23]

Forex has long become boring and boring. There are no such sharp ups and downs of currency pairs. All currencies have long been known and long predicted. And in the crypto currency you never know what coin can take off tomorrow. And this spurs the excitement of many traders.

Yes trading cryptocurrency is very exciting it also gives a big chance to earn a big profit and also if you loss some money because of the dump you can have a chance to get this losses by waiting for the pump of the price and can get new all time high that provides a big amount of money  if you hold this coin.

[Mpamaegbu]

I like forex trading but the gains are not comparable to what Bitcoin affords its traders. Again, in forex you lose and that's it. There is no way for a pump to resurrect a losing position/trade. Forex trading is more complex and riskier than crypto trading and that's why a lot of people avoid it. Nevertheless, I believe every Bitcoin trader should also trade forex to balance it up. That combination should make it a complete work at home job experience.

[Genrix]

So, volatility is a key point, only in crypto you can gain 100% for a month. But speaking about day trading and liquidity, forex is beyond competition

[dxbcoin]

Hey, I love your post honestly. I am a first time trader as well, Id love to trade FX but no idea how to start, will it be the same way to trade with crypto?

[Freezingel]

I feel like crypto has more volatily than fx so the return that you can get is better, also you can get information much easier than on fx. It's also easy to drive the price based on rumour on crypto so there's a lot of rumour going on and you just have to trade according to it. The last thing is there's a lot of people who don't understand how economic works in crypto so the amount of stupid money is a lot and i can profit from their trade mistakes.

[Partizanai]

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?

can you double, triple or quadruple your profits in forex overnight? i doubt it

[zarados]

Bitcoin is low risk high reward.

Forex is HUGE risk medium reward.

I saw this becuase in order to make the kind of gains you make in bitcoin (like 500%), with forex, you have to leverage your forex account 50 times.  This means you take 50 times MORE RISK. If it moves down even 1% you ARE LIQUIDATED. Meanwhile bitcoin can lose all of its value and then come back and you can still make 1000%

that is wrong in my opinion , i mean bitcoin are not something that has low risk.

it is high risk with high gain , besides forex available in limited days only , trading bitcoin have much more chance to make money with its volatility, the price keep moving on drastically up and down and that is what makes people love it i think.

He said low risk and high reward may be at different angles. For example, in cryptocurrency, prices can go up and down sometimes, but as long as you do not sell your coins at the lowest price, you have nothing to lose, you just need to wait for the price to rise again. In forex, there's a multiplier, which can multiply profits and losses, so you could lose money instantly if using leverage at the wrong time.

[raven7886]

Bitcoin trading is a good way of making money and if we can hold we should make lot of profit from it.

It is even easier to lose so much on Forex than losing so much on crypto trading. Once you make the wrong decision and unless you make a stop loss, your stuffs are all gone, but with crypto, you can even just decide to hold and then see you getting your value back probably later on. I understand the OP's perspective, but seriously, there is a lot more opportunity to gain trading crypto to me than trading Forex when it comes to making pretty huge profit.

[Andrej Peiboski]

We trade crypto because - even more risky - there are much more opportunities here than in forex: volatility is high, and this - for an experienced forex trader - is just heaven :-)