I want to know what thoughts you guys have about differenty type of traders.
We all know that there are some similarities when you trade forex/stock to cryptocurrency. But I want to know the differences on it.
Does it means, when you totally well known to trade Forex/Stock, does trading cryptocurrency will also be the same?
Like if you owing in Forex/Stocks, you should also do the same with cryptocurrency?
Because I saw some trader that they started to trade forex/stocks and tried to trade cryptocurrency, but some of them are keep losing to trade in cryptocurrency.
Like you have said, the both of them are similar in so many ways, but there are differences and when traders don’t understand those differences, they are prone to lose their money from trading in that particular business. If you have been trading forex/stock before you discovered cryptocurrency, same strategy might apply, but you still have to understand the cryptocurrency market and how it works, because how it works is not the same way as how the forex/stock market works.
Due to decentralized environments, we are facing lots of advantages and inconveniences in crypto markets at a same time. If high volatility is one of your inconveniences, it may get eliminated over the time when more people will be adopting cryptocurrencies.
Probably crypto's derivative market is exact similar to forex markets except decentralization part.
I am enjoying crypto trading all 7 days in a week and any time I prefer but when some regulations will be happening, I guess these things may disappear
.