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Author Topic: If you're bad at trading crypto, forex might be easier  (Read 102 times)
jackg (OP)
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January 08, 2021, 11:40:59 AM
 #1

There are a lot more "patterns" in forex that seem to make sense based on my own strategy so I'd recommend if people are having issues trading crypto with larger swings coming, you might want to move across.

You can always still use your profits to buy bitcoin at certain points (eg once a week).

I was looking at this in advance for when I need to find something to do if bitcoin starts crashing again (it hurts to see something fundamentally bullish and innovafing fall rapidly and turn investors away so I just ignore it).
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January 08, 2021, 12:36:21 PM
 #2

I agree! Volatility on cryptocurrencies are extremely high compare with Forex.
I also saw some traders who are coming from Forex and tried or started to trade cryptocurrencies, some of them have become worst when they start to trade cryptocurrencies.
I remember this one guy who owns a paid telegram channel which he really dominating in trading Forex and he starts to do crypto, he only lasts around 6-8 months trading cryptocurrencies.

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January 08, 2021, 07:40:22 PM
 #3


When it comes to volatility then you can really make out comparison between forex and crypto.I cant say that you would really be having some advantage on forex market due to low
volatility but it isnt really still an easy job to do. It might be lesser but doesnt mean that technical would really be nearly precise.Ive been a forex and stocks traders myself
but i did jump into this market because in talks of profit then this crypto is much more interesting but of course you would be putting more risk into it.
Also about market availability, nothing beats out that 24/7 than on 5 days a week in forex. They do close up markets!

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January 08, 2021, 08:06:22 PM
 #4

What I like is that in Forex it has consolidated volume, which is essential when it comes to taking into account for trading, it is always good to have a type of diversification in terms of trading, it is always interesting to try new markets.

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January 08, 2021, 09:34:22 PM
 #5

I think this is a bad idea lol; forex trading is more complex than crypto currency trading so for you to delve into forex trading you need to first understand how crypto currency trading works and its interpretation be it technical analysis or fundamentals analysis; so that you can have a smooth transition.
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January 09, 2021, 01:29:27 AM
 #6

There are a lot more "patterns" in forex that seem to make sense based on my own strategy so I'd recommend if people are having issues trading crypto with larger swings coming, you might want to move across.

You can always still use your profits to buy bitcoin at certain points (eg once a week).

I was looking at this in advance for when I need to find something to do if bitcoin starts crashing again (it hurts to see something fundamentally bullish and innovafing fall rapidly and turn investors away so I just ignore it).

Totally agree with you!

IMO Bitcoin (and other cryptos) markets are run much more on speculations than "patterns".

My solution is: Crypto = arbitrages, Forex = trading.

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jackg (OP)
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January 09, 2021, 01:34:20 AM
 #7

I think this is a bad idea lol; forex trading is more complex than crypto currency trading so for you to delve into forex trading you need to first understand how crypto currency trading works and its interpretation be it technical analysis or fundamentals analysis; so that you can have a smooth transition.

But it's so much easier if you're used to crypto trading already was my main point. It's just an alternative that seems to be easier (for me).

What I like is that in Forex it has consolidated volume, which is essential when it comes to taking into account for trading, it is always good to have a type of diversification in terms of trading, it is always interesting to try new markets.

Yes! This!

Diversifying is always the key to investing with a lower overall risk.


forex and stocks traders myself

Also about market availability, nothing beats out that 24/7 than on 5 days a week in forex. They do close up markets!

I think my forex market is 24x5 which is decent enough.
Also stocks require a lot of fa with them as well, a lot of ta stuff doesn't work fully on its own without a check to see what recent news is doing for a company.
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January 09, 2021, 02:48:45 AM
 #8

I have no experience with forex trading.but,i will definitely try forex trading later and i think no trading is easier.because,every trading have risk.
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January 09, 2021, 06:59:38 AM
 #9

Is forex a lot harder or easier than crypto trading?  From what i see, it seems like when all coins in crypto goes up... any coin will go up.  The same vice versa.  Is forex similar?
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January 09, 2021, 01:12:34 PM
 #10

I have no experience with forex trading.but,i will definitely try forex trading
Do not try what you don't know we are talking about money here don't do hips and jump with your assets if you don't have the basic knowledge of crypto trading then you already at a disadvantage where you are likely to lose everything. Well is still possible to know Forex and still don't understand crypto trading verse visa. I do crypto trading but the only thing I know about Forex is the 5 workdays. You don't trade during weekends.

Please no one is easier it all depends on individual differences.

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January 09, 2021, 05:08:27 PM
 #11

...
What you are saying is very true, it is not easy to be able to analyze the direction of the cryptocurrency market, it is really volatile...
My basic is trading stocks and forex, I find it easier to follow the analysis of the price direction of a stock or currency value because there are many analyzes that we can follow. If you are not able to trade cryptocurrencies every day then make cryptocurrency a long-term trade.



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