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Author Topic: How to get Forex traders to trade in Bitcoin ?  (Read 91 times)
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April 21, 2018, 05:51:47 PM
 #1

There are a large number of Traders in Forex ; who are keen to join the Crypto Trading, but are not aware of the process to create wallets etc.
What is the best way to help Forex traders make a smooth transition to Alt Currency trading ?
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April 21, 2018, 06:14:11 PM
 #2

There are a large number of Traders in Forex ; who are keen to join the Crypto Trading, but are not aware of the process to create wallets etc.
What is the best way to help Forex traders make a smooth transition to Alt Currency trading ?
Some forex platforms do already have btc/usd pair which forex traders are really fully aware on cryptocurrencies existence.Its up to them if they would increase even more on their knowledge in bitcoin which they do made a choice to learn more.Not necessarily for them to enforce but wait for it to happen naturally because traders would really engage to a thing on where they can see that they can able to make profits on it.

 
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April 21, 2018, 06:41:20 PM
 #3

I've said this time and time again, we shouldn't try to get more people to invest in bitcoin. Because these forex traders are like any other trader, they don't care about the underlying tech -- they're going to make this a volatile currency which is going to lead to less and less adoption. We need volatility to go down if we want bitcoin to be a major world currency, NOT UP.

Forex traders should stick where they are, it's fine like this.




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April 21, 2018, 06:50:51 PM
 #4

I've said this time and time again, we shouldn't try to get more people to invest in bitcoin. Because these forex traders are like any other trader, they don't care about the underlying tech -- they're going to make this a volatile currency which is going to lead to less and less adoption. We need volatility to go down if we want bitcoin to be a major world currency, NOT UP.

Forex traders should stick where they are, it's fine like this.
Absolitely not. Forex market is a destination point for the entire crypto trading (by crypto trading I understand margin trading). Most of the crypto traders don't care about the technology either, I bet that a good part of BTC users will not describe how it works. What really matters for traders is trading opportunities on the current market (technology is more as an influencer here).
Forex market have billions of daily volume which fullu prevents it from a significant influence of one (or even a large group) of participants of this market while crypto market can easily be dumped by any whale. That will be a great success if at least a small part of forex volume will switch into crypto.
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April 21, 2018, 06:51:39 PM
 #5

There are many similar things and concepts in both of this areas, but there is also a lot of differences, so maybe just show a diversity of a market, lol!
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April 21, 2018, 07:36:32 PM
 #6

I've said this time and time again, we shouldn't try to get more people to invest in bitcoin. Because these forex traders are like any other trader, they don't care about the underlying tech -- they're going to make this a volatile currency which is going to lead to less and less adoption. We need volatility to go down if we want bitcoin to be a major world currency, NOT UP.

Forex traders should stick where they are, it's fine like this.
If you are looking at bitcoin to become a major world currency you should be open to everyone. Tongue What do you expect actually, a bitcoin market without any volatility, are you trading bitcoin because of the underlying technology and you would not care about the investment you made Roll Eyes.
If someone has any trading experience it is easy to shit to this market, just check out the different exchanges and select the best that suites you, get a light weight wallet and start trading.

 
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April 21, 2018, 09:50:12 PM
 #7

There are many similar things and concepts in both of this areas, but there is also a lot of differences, so maybe just show a diversity of a market, lol!
The advantage here of a person specially to those who are already in forex for longer periods which they can really diversify out and as being said above there would be lots of options which is good in their part as a trader. Bitcoin is famous and theres no way that a certain trader wont able to hear out this thing. Volatility might be the issue but also the main thing to have potentially big profits specially on active day trades.

 
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April 21, 2018, 10:56:00 PM
 #8

I don't think that the majority of forex traders are not in bitcoin because they do not know how to trade bitcoin. That is really quite simple and they could figure that out if they want to. I think that a large majority of the major investors in forex will be institutions and that they will stay away from bitcoin and crypto until it is better regulated to protect them.

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April 22, 2018, 02:50:57 AM
 #9

I've said this time and time again, we shouldn't try to get more people to invest in bitcoin. Because these forex traders are like any other trader, they don't care about the underlying tech -- they're going to make this a volatile currency which is going to lead to less and less adoption. We need volatility to go down if we want bitcoin to be a major world currency, NOT UP.

Forex traders should stick where they are, it's fine like this.
If you are looking at bitcoin to become a major world currency you should be open to everyone. Tongue What do you expect actually, a bitcoin market without any volatility, are you trading bitcoin because of the underlying technology and you would not care about the investment you made Roll Eyes.
If someone has any trading experience it is easy to shit to this market, just check out the different exchanges and select the best that suites you, get a light weight wallet and start trading.
but what do you expect from bitcoin, that it will be just a trading instrument for people to make money. the volatility of bitcoin probably won't change in the near future that is true, but to add more people which would create more volatility because they are only here to use bitcoin as a cash cow doesn't sound like a good plan either.
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April 22, 2018, 03:10:59 AM
 #10

There are a large number of Traders in Forex ; who are keen to join the Crypto Trading, but are not aware of the process to create wallets etc.
What is the best way to help Forex traders make a smooth transition to Alt Currency trading ?

Look. We don't need Forex traders. The competition is now tight and obviously I don't want to share them the opportunities on crypto trading. Just let them do Forex and let's see who could get to the moon first. Why would you want to help them?Huh They are earning reasonably, I suggest that you concentrate on your trading rather than helping them because this might sound harsh but when you give them the chance, they would rekt you and all your colleagues.
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April 22, 2018, 04:19:44 AM
 #11

Some of these forex traders are aware that some forex brokers had incorporated BTC/USD, ETH/USD LTC/USD and XRP/USD in their mt4 platform however many of these traders are scared to trade these Cryptos probably because of high spreads  just like commissions in exchanges and this could have discouraged them due to fear of losing because of the high volatility of Cryptos.

 
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April 22, 2018, 06:45:29 AM
 #12

I don't think Forex traders need any help to start trading bitcoins. Who wanted one for a long time trades. There are no complicated questions here.
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August 28, 2018, 04:28:52 PM
 #13

They earn well on currencies, I think they do not need to trade on crypto Wink
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August 28, 2018, 04:38:09 PM
 #14

I don't think Forex traders need any help to start trading bitcoins. Who wanted one for a long time trades. There are no complicated questions here.
You are almost right they sometimes think that bitcoin is a world of whales and they all think that is better a safe investment like gold than virtual coins

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August 28, 2018, 07:12:06 PM
 #15

Forex trading and Bitcoin/Crypto trading are quite similar. If you have got experience in Forex trading then you can easily do crypto trading. In fact, crypto trading is more risky than Forex trading.
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August 28, 2018, 08:40:43 PM
 #16

You are almost right they sometimes think that bitcoin is a world of whales and they all think that is better a safe investment like gold than virtual coins
Everything involving a market structure is dominated by wealthy entities, which applies just as much to gold. I have seen people point out that gold is somewhat of an exception, but that's obviously false.

Governments are amongst the largest holders of gold and some of them (China and Russia mainly) have been hoarding more gold than ever before. Gold is rigged to suit the interest of those in control of the market.

Regarding OPs point, most of the forex traders are gamblers heavily leveraging their trades and stick their nose in options. With how volatile crypto is, they can trade without needing to use insane leverage counts.

Looking at how calculated the trades are, especially in the last few years, it's safe to say that forex traders are active in the crypto market already.

 
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wayaneka
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September 11, 2018, 10:19:46 AM
 #17

There are many broker forex provide crypto pair in their platform and also they allowed to make deposit by cryptocurrecny, this their trading product called CFD which use leverage and margin and possible to make profit from buy and sell open potition. But actually this trading has more risk than trade crypto on the exchange because use margin that make the level risk more high and possible we are loss all balance or margin call. For the better use this platform when bearish market only.

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October 15, 2018, 01:37:10 AM
 #18

I have seen many professional trader was trade in many different asset. Not only in forex or crypto trading but also in stocks, commodities and more. I also did it to know more about the different each asset and the potential of each asset. Currently forex trader use margin and now not only in forex possible to trade with margin but also others asset, include stocks, crypto, commodities, etc.
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