Why do Crypto Traders need to learn a lot from Forex Trader if they want to succ

[HaradaTomoyo]

My point is not to trade in the markets you see is not transparent and not protected by law.

In a nutshell, if the Crypto brothers want to trade successfully, (1) trade only the top coin, since it is harder to trade, (2) study more technical analysis, and learn from forex traders year, because they have good ptkt platform, suitable for speculation.

[ImHash]

No crypto trader needs to learn anything from others, Crypto has it's own rules when it comes to trading, It's called buy low and sell high, That is what happening all the time in crypto, We have these insane fluctuations in price and that is the only thing one should be aware of when it comes to trading cryptocurrencies and especially bitcoin in particular. Most important part is that crypto market is not really protected by any laws, Only the laws of decentralization applies here.

[pundit]

No crypto trader needs to learn anything from others, Crypto has it's own rules when it comes to trading, It's called buy low and sell high, That is what happening all the time in crypto, We have these insane fluctuations in price and that is the only thing one should be aware of when it comes to trading cryptocurrencies and especially bitcoin in particular. Most important part is that crypto market is not really protected by any laws, Only the laws of decentralization applies here.

Agreed to your point sell high buy low but can anyone define the levels where is the low and where is the high, no noone can if he/she does not know anything about technical or fundamental analysis, so its important to learn analysis before coming to trading be it forex be it cryptocurrencies, there is nothing different in cyrpto trading, yes currently volume is low in cryptocurrencies so we do not see much fluctuation in price and w/o fluctuation in price, there is no point of trading anything.

[Bitcoinnation]

Crypto trading is somehow different from forex trading... The only technique applied in day trading in crypto is buy low, sell high meaning at some point a market has to be bullish for you to make profit whereas in Forex trading you can make profit both in Bearish and bullish markets if you are very alert.. I think it's better sticking to crypto trading resources and learning matters which are so many on the web right now.

[bangkit tri]

i think because forex already exists first, and many methods of trading forex, so they apply it like in forex. and i think on the chart using the same indicators both. i think that's my opinion when viewed from technical analysis

[HaradaTomoyo]

No crypto trader needs to learn anything from others, Crypto has it's own rules when it comes to trading, It's called buy low and sell high, That is what happening all the time in crypto, We have these insane fluctuations in price and that is the only thing one should be aware of when it comes to trading cryptocurrencies and especially bitcoin in particular. Most important part is that crypto market is not really protected by any laws, Only the laws of decentralization applies here.

ok your idea is good. any thank you your reply

[Indrawan77]

Well the one that can be learned from forex trading is only the usage of indicators, crypto and forex got a different price movement factors, forex influence by politics and economic, while crypto is based on supply and demand, so its totally different to trade crypto and forex, forex is more predictable than crypto

[arpon11]

My point is not to trade in the markets you see is not transparent and not protected by law.

In a nutshell, if the Crypto brothers want to trade successfully, (1) trade only the top coin, since it is harder to trade, (2) study more technical analysis, and learn from forex traders year, because they have good ptkt platform, suitable for speculation.

Trading, both forex and commodities including stocks entails a very high risk and it is not wise you go into it without adequate knowledge on how investments work and the risk involved.  If you want to trade successfully, you should learn the risk and how to manage then then you will become a successful trader.   
Cryptocurrencies is not protected by any governments laws but we can all agree on something and that is how transparent the blockchain technology is and the scientific laws guiding it.

[apityeh71]

Many forex trading platform provide leverage trading and not spot trading and this created forex trading will be more risky than crypto trading.  Many forex trader failed to become successfully trader because they use high leverage. So we should be know the difference  between spot market and leverage trading to understand the level of risk.

[HaradaTomoyo]

i think because forex already exists first, and many methods of trading forex, so they apply it like in forex. and i think on the chart using the same indicators both. i think that's my opinion when viewed from technical analysis

i agree with you. thank you for your sharing. this is good for me.

[Kevin77]

My point is not to trade in the markets you see is not transparent and not protected by law.

In a nutshell, if the Crypto brothers want to trade successfully, (1) trade only the top coin, since it is harder to trade, (2) study more technical analysis, and learn from forex traders year, because they have good ptkt platform, suitable for speculation.

It is not a secret that the systems in Forex currently have improved from the start and showed how it could be useful in other areas.

It has a proven record and has been worked on tireless to perfect. When you take that and go trade on bitcoin or other crypto currencies than it helps you out from the start, crypto traders do not have to work on their craft as much as the forex people because they start with the already figured out forex ways and just implement it on crypto.

There are main differences of these two worlds one of the biggest one being that Forex is still regulated highly and strictly but when it comes to day trading it is still viable. Of course, if you would like to invest for long term than the results are very different because bitcoin is much more volatile but day traders are usually using the same methods Forex traders use.

[Jaycee99]

My point is not to trade in the markets you see is not transparent and not protected by law.

In a nutshell, if the Crypto brothers want to trade successfully, (1) trade only the top coin, since it is harder to trade, (2) study more technical analysis, and learn from forex traders year, because they have good ptkt platform, suitable for speculation.

Read your topic and to say that it is right learning is the best opportunity yes sad to say I do not know anything just a bit because I do still focus on studies. Still all in all even if one is good and better at it he or she should not just stay in that point of situation because learning mor and more is still the best and good thing to do. Like this Forex trading platform this is a option you need to do because here you will learn more and possibly this can let you increase your knowledge.


Also failed? many have been. if you say I dont know what your talking about please be open to see what Iam talking about I helping to say that learning is the best option but failure may occur all we need to is to seek and learn and move on to the positive side of learning..

[forex]

There are many examples of successful cryptocurrency traders who have never traded before. But I still agree that most newbies should learn from the experience of forex traders.

[henmark]

No crypto trader needs to learn anything from others, Crypto has it's own rules when it comes to trading, It's called buy low and sell high, That is what happening all the time in crypto, We have these insane fluctuations in price and that is the only thing one should be aware of when it comes to trading cryptocurrencies and especially bitcoin in particular. Most important part is that crypto market is not really protected by any laws, Only the laws of decentralization applies here.

The thing with crypto and Forex is that they are two different market, different conditions, different fundamentals, but same technicalities when it comes to the market. Although, we also have to understand that the cryptocurrency market is very volatile, which is one of the reasons you need to understand a lot of things about the market first, before even making any serious step.

Following Forex traders is not a must, personally for me, all I did was to learn as much as I can, and it was even cryptocurrency that led me into learning how to trade, and it was after then that I even started going for stocks. So in a way, you really do not need to follow a Forex trader before you learn how to trade.

[otundebis]

Forex trading and cryptocurrency trading are totally different market.  I agree that you may learn other trading virtues from forex guys but cryptocurrency market behavior is influenced 90% in what is happening in cryptocurrency ecosystem unlike forex where every thing happening in the world determines the direction of forex market!

[ShadowBits]

My point is not to trade in the markets you see is not transparent and not protected by law.

In a nutshell, if the Crypto brothers want to trade successfully, (1) trade only the top coin, since it is harder to trade, (2) study more technical analysis, and learn from forex traders year, because they have good ptkt platform, suitable for speculation.

I think that crypto is way too different from Forex Trading since if Bitcoin does go down so is other alts and when goes up it gets a little late for other alts to go up also.

[mudasarali43]

Yes it is good in term of learning but i think the strategy is some different crypto trading is the other sense and Forex trading is the commodity trading with another sot of thought that is dependent on some economies of the world

[asyakashi]

I have no knowledge of forex trading, even I am confused to distinguish between the two trades. many people say they have nothing in common.
I only know that forex traders have a good chart reading technique, that might be used in crypto trading.

[tenakha]

Surely, it would better to start with Forex first. Forex has long been present and technical analysis features more so, features will make you successful in crypto trade.

Many forex trader failed to become successfully trader because they use high leverage.

You are wrong. The leverage trading in Forex is less risky than crypto. If we compare, the candles in crypto are more mobile and being mobile is proof that it is risky. Due to Forex prices move more slowly, you don't risk more even if you use high leverage. In addition the leverage depends on your choice, no one doesn't force you to risk.

[metribitcoin]

In my personal opinion to make profit from crypto trading is more easy than forex trading because price action of forex more hard to predict. And all trading forex broker only provide margin trading and not trade on the spot market. When i visit website some broker forex , i was read disclaimer in the bottom of the website if 79% trader loss when doing margin trading, so that mean we have little chance to make profit from margin forex trading.