Is it easy to trade cryptocurrency?

[Andreas Hajpun]

Is it easy to trade cryptocurrency?

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

Comment down below your opinion.

Thank you.

 

[Nick Abimanyu]

Of course it is very easy for me to exchange.
You can choose from several options:
1. From cryptocurrency to fiat money or vice versa,
2. From bitcoin to altcoin, or vice versa,
3. From altcoin (a) to altcoin (b).

[Lock00Live]

There is no easy thing in financial markets and so is cryptocurrency. Now I think that in order to succeed in this market you should invest a lot of your knowledge about the crypto market in order to always have a personal perspective on the fluctuations. It's time to trust yourself instead of the experts because the money is yours and the decision is yours.

[chris200x9]

Is it easy to trade cryptocurrency?
The spread is lower that forex or it is the same?

Trading is very easy if you have money and account on any good exchange. But the question is whether these trades can be profitable or not?

I don't think it is so easy making money from crypto trading these days. Due to greediness most people don't sell at right time and end up losing money when markets crash.

I choose to invest more and hold them instead of going after everyday profit and so far I made some money from cryptos.

[sweetbet]

The biggest challenge for me is learning to be patient and waiting for the pump before I sell, and then being patient and waiting for the price to drop before I re-buy.

[Beerwizzard]

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

Spread in crypto is normaly bigger than in forex. It is not suprising because EUR/USD pair have much more liquidity and volume then BTC/USD which is pretty obvious but not so critical with the volatility of crypto. What about the difficulty of crypto trading then everything IMO depends on the current trend. If there is a steady uptrend (like it was at the end of the previous year) then it is easy money, you just making a quick review on the basics of technical analysis and you are ready to get a decent profit. The other thing is that at the downtrend it is way harder to trade and during the flat it is IMO a bit worse then forex.

[putrisa]

Is it easy to trade cryptocurrency?

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

Comment down below your opinion.

Thank you.

 

of course trading cryptocurrency is very easy you just need to buy and hold it after it sell it, when the price is high then sell or when you already get 100% profit then sell it.

[kinghenry06]

It is never easy to trade in crypto. No one can time the market but if you will study TA can lower the risk and maximize profit.

[Nerman]

Is it easy to trade cryptocurrency?

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

Comment down below your opinion.

Thank you.

 

Trading will not be easy on any type of market.

Spread will depend on the exchange you are sign up with.

If you compare it to forex for me it is easier to compared to forex but crypto currency market is not for the faint of heart this is the only market that swings from north to south in an instant.

[cpfreeplz]

Oh yeah man it's super easy. Is it easy to earn money by doing this? Only if you have a ton to work with, get the best fees and can just do arbitrage all day every day. If you're just trying to trade based on market movements it'll never be a sure thing and you should be very cautious with it. Short term nobody has a clue what's going to happen and bullshit TA won't help you figure it out either. If the price goes up it's because there are more buyers than sellers (in $ figures). If it goes down it's because of an inverse relationship. That's it. People like to make up reasons for why something went up or down because it's human nature, but in the end markets are so much more complex than, China bans Bitcoin = 20% dip. Okay but what if the SEC says who cares about Bitcoin let's leave it alone? That's not negative. So people in the US buy. People in neither of these countries make informaed decisions, and then the market decides where the price goes. Trading is complicated as hell. I've tried it and HODLing is just so much easier and more satisfying. Good luck.

[taiwww]

Is it easy to trade cryptocurrency?

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

Comment down below your opinion.

Thank you.

 

There is no need to mix up things from two different world. The crypto currency trading is having its own set of rules due to state versatile nature. As there is no control over the crypto currency from any governing body as well as it can be vastly manipulated in no time that’s why it doesn’t depend on the ways of forex trades. On the broader perspective you should be fine if you know how does it work in here. All the decentralisation blue print is what you should focus on.

If you trading it, then there is versatile portfolio for you to trade. You can choose different analogies here and apply different scripts as and when you see the opportunities coming up front.

Whether the spread of crypto is same as the forex or not I do belive that it is not major concern if you just focus on the crypto.

[Maidenfan78]

For really great tips in trading & reading charts join the Crypto Academy on Discord. The knowledge center is a pretty good read. Here  is the link.
https://discord.gg/dVTp2kN

[amrulshare]

yes, very easy to trade cryptocurrency, generally the same as trading currency. but to get a profit is quite difficult if you trade in the short-term

[Viyamore]

Is it easy to trade cryptocurrency?

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

Comment down below your opinion.

Thank you.

 

Forex is not the same it depends what kind of exchange you do. And trading is not easy theres no easy thing unless you know it how to do and how to make money from it. To have an easy trade you need to learn more and almost make profut from every trade that you made.

[BCTBF]

To exchange cryptocurrency is very easy and you can directly convert cryptocurrency to fiat currency. So you do not have to worry about the difficulty of swapping cryptocurrency, because it's very very easy.

[reliable]

To exchange cryptocurrency is very easy and you can directly convert cryptocurrency to fiat currency. So you do not have to worry about the difficulty of swapping cryptocurrency, because it's very very easy.

It is easy to trade provided if in your country itself has an exchange which has many altcoins in that listed exchange. Thus if you can directly buy via fiat then you can buy that way else you can buy btc and than convert the btc into altcoin from such exchanges and than can buy/sell btc .

[Crypto_Freezy]

Yes why not.. Use a trading site and watch analyzing charts.. you wold be successful..

[qiman]

It is not that easy. The market is primarily manipulated by whales and the media so unless you are part of a private whale club or in the know with the manipulators, you either need to really be able to read charts and do fundamental analysis and also know the community and road map of the coin or token you wish to trade. At the moment the markets are primarily movng downwards and what most of the whales do is sell everything they have and part it into TETHER or FIAT currency in order to allow the markets to drop further so they can drive the price high enough to take profits regularly.

[sumanto]

Is it easy to trade cryptocurrency?

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

Comment down below your opinion.

Thank you.

 

I think it is very easy to play trading cryptocurrency because we only buy and sell the coin we have just that not only that our assets will not be lost because the assets that we have safe in our own hands only the risk of being stuck in high prices alone but certainly along Her run time will also be off as well.

[enawati]

Its difficult for me because i was learn some strategy of crypto trading in a few month but until now i can not reach consisten profit. The high fluktuasion make crypto trading unpredictable job and need more good strategy to reduce any risk.