cryptocurrency and forex trading....

[Legit_Alt+]

Some question keep flashing my mind about crytpocurrency trading and forex trading, in crypto currency you exchange your local currency with bitcoin or other Altcoin which means you can buy different token with your money once it get to crypto market but I can clearly observed that in forex trade you only have access to convert your local money to USD which means you are still dealing with fiat. Now my question is between crypto currency trading and forex trading which one is more riskier and which is more adviceable to get involve as a new online trader???

[Battareus]

Any trading with margin is more risky than without it, and it is not at all necessary to convert the local currency into dollars in order to trade on Forex, all these calculations are made by the broker himself, I trade in rubles and do not exchange to dollars. But it seems to me that if you trade with margin, then it is better to choose ordinary forex pairs and if you decide to trade on cryptocurrencies then on bitcoin (Okex, Bittrex), the rest are completely unpredictable.

[jossiel]

Both are risky IMHO.

If you're a new online trader I would advice you to practice with crypto trading. This is easier than forex although both are risky when bigger amounts are associated. Why I say crypto for beginners? because you have a bunch of choice for altcoins which you can practice strategies and other than that, I haven't tried forex.

[diazepam666]

Forex or cryptocurrency both trading way is really risky and we people need to be little more careful on investing to such thing and do more research towards the investment.

Learn from the YouTube about forex and crypto if you feel the investment will be retiring then you start investing on it.

[inthelongrun]

It actually depends on your choice of preference. Both have its own risks and rewards. In forex, you will be trading centralized fiat money from different countries whereas in crypto trading all crypto currencies are decentralized and are free from any governments grip. Crypto currencies tend to be many times more volatile than fiats but many traders may actually find it more appealing. Also fiat money have its inflation while bitcoin and other crypto currencies deflates. You can see the big difference between the value of a $1 compared to BTC1 since bitcoin's birth.

[imstillthebest]

Both are risky IMHO.

If you're a new online trader I would advice you to practice with crypto trading. This is easier than forex although both are risky when bigger amounts are associated. Why I say crypto for beginners? because you have a bunch of choice for altcoins which you can practice strategies and other than that, I haven't tried forex.

i dont do forex trading but i only start on crypto when i was a noob so i agree with it  . it took me only a few days to understand the concept of crypto and crypto trading but i was once curious if what is forex and i checked some site but all i can see is confusion  . i think im not going to understand it quickly than what i did on cryptos  . forex do also have alot of traiding pair just like we have on altcoins but cryptos is just more unstable so its more risky in my oservation  .

[jossiel]

Both are risky IMHO.

If you're a new online trader I would advice you to practice with crypto trading. This is easier than forex although both are risky when bigger amounts are associated. Why I say crypto for beginners? because you have a bunch of choice for altcoins which you can practice strategies and other than that, I haven't tried forex.

i dont do forex trading but i only start on crypto when i was a noob so i agree with it  . it took me only a few days to understand the concept of crypto and crypto trading but i was once curious if what is forex and i checked some site but all i can see is confusion  . i think im not going to understand it quickly than what i did on cryptos  . forex do also have alot of traiding pair just like we have on altcoins but cryptos is just more unstable so its more risky in my oservation  .

Yeah basically you can easily understand the concept of trading with cryptocurrencies and although it may go the same with forex but I like the risk that crypto has to offer. It's more acceptable the fact that you don't need to have a broker.

You just sign up on any reliable exchange and start trading there with the least that you can.

[MURONDI]

Some question keep flashing my mind about crytpocurrency trading and forex trading, in crypto currency you exchange your local currency with bitcoin or other Altcoin which means you can buy different token with your money once it get to crypto market but I can clearly observed that in forex trade you only have access to convert your local money to USD which means you are still dealing with fiat. Now my question is between crypto currency trading and forex trading which one is more riskier and which is more adviceable to get involve as a new online trader???

it depends on how you trade and crypto what you trade, if you trade with crypto which is already popular it's safer than a newly emerging coin, Forex trading in my opinion is more risky because it uses a margin system.

[Rodeo02]

Both are risky IMHO.

If you're a new online trader I would advice you to practice with crypto trading. This is easier than forex although both are risky when bigger amounts are associated. Why I say crypto for beginners? because you have a bunch of choice for altcoins which you can practice strategies and other than that, I haven't tried forex.

i dont do forex trading but i only start on crypto when i was a noob so i agree with it  . it took me only a few days to understand the concept of crypto and crypto trading but i was once curious if what is forex and i checked some site but all i can see is confusion  . i think im not going to understand it quickly than what i did on cryptos  . forex do also have alot of traiding pair just like we have on altcoins but cryptos is just more unstable so its more risky in my oservation  .

Well you need to attend more seminar to make it clear and understable  for you. In terms of currency fiat is more stable unlike crypto that every thing is possible to happen in just 1 day.  In terms of profit since we all know crypto is volatile you can easily earn in price difference daily and we dont need to learn every thing just to start, basic trading is enough unlike forex.

[Legit_Alt+]

I really appricate the opinions of all members here, I think it will really be helpful to me if I can do some research's on my own and with the idea ii got here so far I will explored when I full makes my choice......

[safari88]

Both are risky IMHO.

If you're a new online trader I would advice you to practice with crypto trading. This is easier than forex although both are risky when bigger amounts are associated. Why I say crypto for beginners? because you have a bunch of choice for altcoins which you can practice strategies and other than that, I haven't tried forex.

but don't forget that you need to do your own research for every crypto that you want to trade later,
because if you don't do that you will lose your balance if you buy crypto but that crypto is the coins that got dump hard

[target]

Some question keep flashing my mind about crytpocurrency trading and forex trading, in crypto currency you exchange your local currency with bitcoin or other Altcoin which means you can buy different token with your money once it get to crypto market but I can clearly observed that in forex trade you only have access to convert your local money to USD which means you are still dealing with fiat. Now my question is between crypto currency trading and forex trading which one is more riskier and which is more adviceable to get involve as a new online trader???

Its not true that you can only exchange your localcurrency to USD, its just that all currencies are paired with USD but there are rare pairs too. Check your MT4 of the list because there might just exist your Localcurrency/JPY or CHF. FOREX is regulated and maybe you stick to forex first since most of the indicators you'll learn are also applied in Crypto. RSI for example is I first encounter in Forex. Though I'm not in to leverage but in  FOREX is where your concept of margin trading.

[Willitivity]

 Crypto trading is less riskier than Forex in my own observation. This doesn't mean that Cryptocurrency trading doesn't have it's own risks too. On an average level, trading cryptos gives more room and more trading options than Forex. Starting from crypto, it can be easy for you to scale into Forex.

[stomachgrowls]

Some question keep flashing my mind about crytpocurrency trading and forex trading, in crypto currency you exchange your local currency with bitcoin or other Altcoin which means you can buy different token with your money once it get to crypto market but I can clearly observed that in forex trade you only have access to convert your local money to USD which means you are still dealing with fiat. Now my question is between crypto currency trading and forex trading which one is more riskier and which is more adviceable to get involve as a new online trader???

They are both trading but entirely different into the things you are dealing with. Foreign Exechange (ForEx) do deal with fiat same goes with Stocks market too which it do deal with stocks and since it do talks about fiat then USD would be the main currency on here where you would either buy and sell your usd for other countries currencies.
It might be sound too complicated in terms of currencies used inside in mt4 but to make this short crypto/fiat is totally different from fiat/fiat trades.

[owengtam09]

Some question keep flashing my mind about crytpocurrency trading and forex trading, in crypto currency you exchange your local currency with bitcoin or other Altcoin which means you can buy different token with your money once it get to crypto market but I can clearly observed that in forex trade you only have access to convert your local money to USD which means you are still dealing with fiat. Now my question is between crypto currency trading and forex trading which one is riskier and which is more advisable to get involved as a new online trader???

Both are risky for me, as long as there is value involve and it is riskier if the amount of what you trade is huge. Cryptocurrency and forex trading are both have risk. If you are new in trading you can practice with a small amount, and try to trade with cryptocurrency 1st. There are altcoins that you can choose and you can practice strategies just make sure you start with the amount you can afford to lose that you can practice your skills with it.

[Legit_Alt+]

Some question keep flashing my mind about crytpocurrency trading and forex trading, in crypto currency you exchange your local currency with bitcoin or other Altcoin which means you can buy different token with your money once it get to crypto market but I can clearly observed that in forex trade you only have access to convert your local money to USD which means you are still dealing with fiat. Now my question is between crypto currency trading and forex trading which one is riskier and which is more advisable to get involved as a new online trader???

Both are risky for me, as long as there is value involve and it is riskier if the amount of what you trade is huge. Cryptocurrency and forex trading are both have risk. If you are new in trading you can practice with a small amount, and try to trade with cryptocurrency 1st. There are altcoins that you can choose and you can practice strategies just make sure you start with the amount you can afford to lose that you can practice your skills with it.

I fee so relived that by the response I got here, and I full believe this will achieved build up my mind on how to manage my fund practically when I want to invest, and I so believed with those response here I have understand that I most invest what am capable of loosing. I will really say I appreciate this all response so far..

[jossiel]

Both are risky IMHO.

If you're a new online trader I would advice you to practice with crypto trading. This is easier than forex although both are risky when bigger amounts are associated. Why I say crypto for beginners? because you have a bunch of choice for altcoins which you can practice strategies and other than that, I haven't tried forex.

but don't forget that you need to do your own research for every crypto that you want to trade later,
because if you don't do that you will lose your balance if you buy crypto but that crypto is the coins that got dump hard

Yes, DYOR is a must. It's a different thing when it comes to choosing the coins that you want to trade.

A crypto trader has his own preferred coins to trade and probably the same goes for the forex traders out there. They have their choice of currency to trade and I don't want to go deeper with it because I'm not really into this kind of trading.

[Ridwan Fauzi]

Cryptocurrency is more risky then trading forex. I never found the decreased money fiat drastically such as fall down almost a half from its price. But in cryptocurrency you see it many times, even the coin is not worth anymore.

But, you will aslo get a lot of profit when you choose the right coin also with the right time to buy. The price of cryptocurrency can increase x2 just in a few minutes which is mean with a few minutes you have got a double profit.

Do your own research before take any decision. I guess crypto and forex have an adventage and disadventage each other. And it depend on yourself, but a bit suggestion your knowledge will take you to the right future so increase your knowledge first before you choose crypto or forex.

[DeathProxy]

Both are risky but i will say forex trading is more risky because it deals with margin. Forex is also centralized while crypto is decentralised and you a bunch of alternative coins to choose from, so a  novice in online trade i will advice you to go for cryptocurrency trading its volatile also as forex but its risk can be minimized to some extent. With constant learning and self development its more easier to learn the concept of cryptocurrency trading than that of forex, you do not need a broker to trade on crytpo all you need is a reliable exchange and you can begin trading.

[bittraffic]

Crypto isn't yet regulated and the price can fluctuate in a terrible manner that you will lose a lot of money specially if you are into margin trading. Price changes from $8500 to $7000 in just a day, you can't even see how related the news  to the price drop. Forex is very controlled environment where price fluctuation doesn't move much but just pips which is less than a cent.