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Murloc (OP)
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January 22, 2018, 08:36:30 AM |
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I'm curious if day trading in crypto is more profitable comparing to forex trading? It is true that Bitcoin have a high volatility but if you need volatility you can just pick USD / GBP pair and then chose a higher leverage to get a higher profit. It seems like the amount of leverage can fix the lower profit in forex and you just won't have to deal with all crypto related problems. I will appreciate if any experienced trader wil explain me the situation. Thanks.
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nl247
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January 22, 2018, 10:11:19 AM |
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Sure, there is day trading in crypto but you really have to be ready for the stress that is involved in day trading crypto due to the fact that it is a decentralized market and anything can happen within a split of a second. The fluctuations can be crazy as well but if you really want to trade, I feel you are better off doing short or long term trading with the help of some indicators. However, if you feel you have the great knowledge and skills to pull day trading of crypto off, then, be my guest.
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SrEasts
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Aida Service
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January 22, 2018, 10:51:06 AM |
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What kind of profits one can expect to make when day trading in forex? (really not sure about that, since i never tried it). About day trading in crypto, what i usually do is various trades using indicators and try my best to get consistent 3% profits. it may not be much per trade, but in thed end it all adds up  Also you need to consider that not every trade is going to bring you profit, some just don't go well. |
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Murloc (OP)
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January 22, 2018, 11:52:20 AM |
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What kind of profits one can expect to make when day trading in forex?
The same as in crypto market My point is that all instruments of technical analysis are easili applied for forex tradind, stocks, options and any other asset. Cryptocurrencies are not starting a revolution here. From the first sight if you will trade on forex you may have the same profit as in crypto but avoid all FUD from cryptomarket. |
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BitcoinHodler
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January 22, 2018, 01:30:46 PM |
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it is possible and it can even be more profitable but the biggest difference is that when you enter crypto markets you will see that they are a lot less predictable than forex market and that makes trading that much harder.
the unpredictability goes so far as even technical analysis becomes useless in some cases. so you are left in a market without any "tools" and only experience, lots of hype and manipulation and pump and dumps.
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Holding Bitcoin More Every Day
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Asyifiah
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Enterapp Pre-Sale Live
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January 22, 2018, 04:13:14 PM |
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I'm curious if day trading in crypto is more profitable comparing to forex trading? It is true that Bitcoin have a high volatility but if you need volatility you can just pick USD / GBP pair and then chose a higher leverage to get a higher profit. It seems like the amount of leverage can fix the lower profit in forex and you just won't have to deal with all crypto related problems. I will appreciate if any experienced trader wil explain me the situation. Thanks.
for beginner traders trading cryptocurrency is easier than forex trading. Trading cryptocurrency as well as trading in supermarkets or markets in general. there are sellers there buyers. |
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SONG GEET
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January 22, 2018, 04:24:33 PM |
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Whole crypto market is volatile and even without any leverage you can either make high profit or huge loss. In forex you have to take high risk with high leverage but in crypto even with just 2.5x leverage in margin trading you can make good amount of money with lesser risk.
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Zadicar
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Seabet.io | Crypto-Casino
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January 22, 2018, 04:41:26 PM |
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I'm curious if day trading in crypto is more profitable comparing to forex trading? It is true that Bitcoin have a high volatility but if you need volatility you can just pick USD / GBP pair and then chose a higher leverage to get a higher profit. It seems like the amount of leverage can fix the lower profit in forex and you just won't have to deal with all crypto related problems. I will appreciate if any experienced trader wil explain me the situation. Thanks.
Comparing the volatility among these two things I would say cryptocurrency trading is more profitable because I have seen how prices do jump among those two thing but the difference is only that one is centralized and backed and the other is pure decentralized one which prices do depend on how people do adopt or engage with it. Day trading either sides would really give you income but on different amount or profitability comparison. |
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Zocadas
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January 22, 2018, 04:41:32 PM
Last edit: January 22, 2018, 09:45:43 PM by Zocadas |
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I don't like margin trading or forex trading. Day trading on crypto (excgange) has the big difference, that you will have all cryptocurrencies in your pocket. The second big difference between crypto trading and forex trading is, that cryptocurrencies are still following an upward trend, if you choose established ones, because of growing popularity. So the probability is high, that, if you choosed a cryptocurrency and that went down, and you sit just the downtrend out, it will recover.
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jsarce
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January 22, 2018, 04:49:05 PM |
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Yes, day trading is more profitable in crypto than in forex due to higher volatility. But take this in mind that higher returns include higher risks. Trade wisely.
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Borisb52
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January 22, 2018, 05:14:30 PM |
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Trade in crypto-currencies attracts just the big volotility. And this is incomparable with forex. But as written above and the risks are greater. If you manage risks correctly, then you can achieve a lot in the market of crypto currency.
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MiiDoViic
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January 22, 2018, 05:20:51 PM |
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Yes day trading in The crypto market is way more prfitable than the forex ,but it's more profitable for you to HODL one or few coins that you believe have a future and are comftable with . Day trading could bring you good profit but also could make you lose so much ,all depending on your luck. A coin could litterly go up 80% and dip down by 30% you might think it's time to buy but there's no guarantees that it will go up again even if you read the charts right. Cryptocurrencies are more news driven than analytic.
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crptotrader007
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January 22, 2018, 05:42:48 PM |
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I really don't think that setting higher leverage will generate you as much profit as you will get in crypto. It's obvious that the high volatility of crypto coins can generate more than the average profit of day trading forex. Day trading is a tough job and in order to achieve good income through that you will first have to master trading and learn how to trade crypto coins. If you master trading than I am pretty much sure you will be able to achieve a huge income just by working a few hours a week.
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nikjain422
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January 23, 2018, 06:58:49 PM |
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Day trading in crypto world is dependent on coin.If the coin is new and risky and has not yet established itself than you can try day trading. As the basic concept of day trading is that if the coin is not able to maintain people's trust for longterm but it is increasing day by day.Than you can do day trading.It reduces the chance of lost due to some new coin.So my advice would be do day trading as there is no harm it but understand don't put any big amount for day trading.
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JimmieA
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January 23, 2018, 07:06:27 PM |
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I'm curious if day trading in crypto is more profitable comparing to forex trading? It is true that Bitcoin have a high volatility but if you need volatility you can just pick USD / GBP pair and then chose a higher leverage to get a higher profit. It seems like the amount of leverage can fix the lower profit in forex and you just won't have to deal with all crypto related problems. I will appreciate if any experienced trader wil explain me the situation. Thanks.
When you do day trading, it is a sure bet that you will make many transactions and the total profits from those transactions will be greater than you expect the price to rise over a period of time and sell it. However,that's if you do not make mistakes or mistakes are not enough to make you lose too much money. |
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A.Delaney
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January 23, 2018, 10:21:17 PM |
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Day trading for a living? At least with crypto you can trade 24/7. Id have to make 200-300 a day 5 days a week to live off trading. That's bare minimum. That would be difficult for a noob like me.
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richcorner100
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https://exip.live/
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January 24, 2018, 02:45:39 AM |
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In forex trading indeed has lower volatility than cryptocurrency market, but when we increasing leverage in forex trading that mean we get higher risk and posibility get margin call, but in crypto trading though the market high fluktuasion but we can not get margin call and even we are in loss we can wait for that because the market can be going up again. So altcoin trading without leverage actually less risk than forex trading because we can not get margin call.
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logicgate
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January 24, 2018, 07:24:34 PM |
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Sure, there is day trading in crypto but you really have to be ready for the stress that is involved in day trading crypto due to the fact that it is a decentralized market and anything can happen within a split of a second. The fluctuations can be crazy as well but if you really want to trade, I feel you are better off doing short or long term trading with the help of some indicators. However, if you feel you have the great knowledge and skills to pull day trading of crypto off, then, be my guest.
Day trading is the best thing to do in crypto world as it really helps you in making more money and that too in a less period of time. There are people who are getting rich just because of trading but the fact is it is not an easy thing to become a successful trader. It really demands you to have some good expertise in the field of trading. Do not jump into trading until you are fully prepared for it. |
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Jackblack90909
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January 24, 2018, 07:35:29 PM |
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Trading crypto currencies is a lot more safe than Forex, and the potential earning is also bigger. Also in Forex you need to start with big budget usually, otherwise you can't expect a real profit. With trading crypto you can start even with small amounts, and your profit could being good because the prices are going up fastly.
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ukboss
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January 24, 2018, 08:38:30 PM |
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Yes . Anyone can do Day Trading with crypto currency but there are so many people don't know how to start day trading with crypto currency. If you know about crypto currency trading you can do or if you don't know i'm told you now, one tips with day trading. when you buy coin and couple of hour when you see this coin value is high , on that time you just convert your coin with usd.
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