Is it easy to trade cryptocurrency?

[Tactical Genius]

It is relatively easier to trade cryptocurrencies in my opinion but the extreme price volatility makes it difficult for one to make the best out of it.There are several currencies to choose and trade with and thus a larger spread but down times are always inevitable as we currently see.

[1714111786]

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[1714111786]

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[1714111786]

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[1714111786]

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[1714111786]

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[1714111786]

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[Ailmand]

Is it easy to trade cryptocurrency?

The spread is lower that forex or it is the same?

Comment down below your opinion.

Thank you.

 

Well, trading per se is easy. I am pertaining to the process; however, talking about if  your trades would be good trades is a different animal on its own. Many people in this market, even the seasoned and experienced ones, have lost more assets than anyone could imagine in trades. The thing about the cryptocurrency trading market is that it has a lot of alleys for you to pick those deals that may seem good at first, but with a right mix of market movement, would turn out south and result to losses. Thus, taking trading lightly would not do you any good.

[nydiacaskey01]

No its not easy to trade Cryptos regardless if its a bearish market or bullish market. With only one negative news, it can make a huge impact in the price of Alts or Bitcoin. Those whales even make it unpredictable. Pump and dump groups adds to the factor on making it hard to trade. But, with all those being said, it makes trading Cryptos very rewarding that is if you have the right alts at the right place and at the right time, your money can grow 2X or more.

[Welhell]

It's not easy than Forex, but i can tell you it's more profitable. You can trade non phycically avaible products that you don't have in Forex, but you can't do that unless you have your coin or token in crypto market.

[ahtsham90]

Its not that easy. It can make you millionaire or can ruined your life in days. If you have no experience then I would suggest to make a grip first.

[wayaneka]

Will be easy and profitable if you can manage emotions and have best trading strategies, crypto trading actually promising high profit because the flucktuacion so high and in a month we can make profit up to 100% . Now we need only best strategy and best risk management to reduce any risk and should be focus on that.

[olia10]

I think it's easy, if you have the right strategy, you can earn almost 100% of the profit. Of course, making a profit of 20 times out of 20 is not so easy, be prepared for losses. That's why I do not recommend buying more than 50% of your capital.

[erendeo]

I'm starting from trading Forex and HangSeng Index.
But since cryptocurrency being trending, I choose crypto cause its very simple to do, and theres many challenge on it