Crypto trading vs Forex trading

[infobiactrader]

Please advise which one is best. Which one is more profitable? Crypto trading or Forex trading?

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[mk4]

It's like asking "which is more profitable? selling fruits or vegetables?".

Both can work(assuming you actually know how to trade in the first place), which is "better" and "more profitable" will just completely depend on the trader. On which asset characteristics will you be better at trading. High volatility vs low volatility, swing trading vs scalping, etc.

[Oshosondy]

Both crypto trading and forex trading are very risky, they are both ways many people are losing, but the experts are using it to make money, the experts are few while the losers are many. It depends on how expert you are, both are risky and can be profitable. Also, use low leverage, the profit can be low, but the chances of losing high amount is low while your margin is low. You will have to choose one and study about it very well, or you can study the two and later choose one. You may even later like the two is you go patiently.

[traderethereum]

It depends on how hard you learn in crypto trading or forex trading.
If you often learn about crypto trading, I think you will understand much about crypto trading, which can help you make more profit.
It is about how you learn.
I do not know forex trading, but that does not mean I am an expert in crypto trading because I still need more about crypto trading.
But I can make a profit from crypto trading.
If you want to be a pro trader in crypto and forex at the same time, you need to learn hard about that two things. It is simple as that.

[SquirrelJulietGarden]

Please advise which one is best. Which one is more profitable? Crypto trading or Forex trading?

No one can tell you which one is the best. Because the best choice is a very personalized choice. In the same market type, example crypto market, many trading strategies and one person will only find one or a few strategies the works for personal need.

You can not find two people with same personal characteristic, especially in disciplines or emotion control ability. When you have experience, you will build up your personalized strategies.

Crypto market and Forex market are very different obviously.

[dothebeats]

Profitability depends on how well you know the market. Even in low volatility markets, if a trader is skilled and experienced enough to know opportunities and when to grab them, they usually come out on top and get lots of profits. Both could give you huge opportunities to get a lot of profits, too. At the end of the day it all comes down to preference on which asset are you more comfortable trading with and how versed you are on that certain market.

[TheUltraElite]

Please advise which one is best. Which one is more profitable? Crypto trading or Forex trading?

I find it amusing that you are a 8year old account owner of this forum and you ask a question as basic as this one. Where had you been all this while?

Skepticism aside though coming back to point, comparing two modes of speculative trading will never yield an absolute answer. Ask the same question on a forex trading forum you will get answers biased to forex, ask that in a crypto forum like this one you will get answers biased to crypto.

It is a choice of previous experience and knowledge. If someone is experienced in forex and has been doing it for the last 15years, they would hardly move to crypto and start anew. Although that could be a fruitful venture, but the age progression of humans make them less conducive to learning new things and therefore they will likely not be able to profit from it.

Both are profitable and both can bring huge losses. If you havent done either, then look for the one where you currently have more knowledge in.

[boyptc]

Forex is more of a gamble as they say but that's just the same in cryptocurrencies for altcoins that you don't know.

But if you're knowledgeable in crypto, you're on the right market and the advantage of it, there will be no people telling you in forex to HODL. But if you're also skilled and experienced in forex, you'll earn the same as you earn in crypto.

Whilst in bitcoin, you're fine and relax to HODL.

[leea-1334]

It's like asking "which is more profitable? selling fruits or vegetables?".

Both can work(assuming you actually know how to trade in the first place), which is "better" and "more profitable" will just completely depend on the trader. On which asset characteristics will you be better at trading. High volatility vs low volatility, swing trading vs scalping, etc.

And like comparing forex and crypto as fruit and vegetable, vegetables is more volatile than fruit,,, spoils faster so needs to be traded quicker (again talking like a trader not a hodler).

People forget they need to set their expectaions and wants first. Like you said, they need to know if they want fast/slow trades? Short/long term?

Forex is fun because they can even earn interest overnight too for some people.

[Oshosondy]

Forex is more of a gamble as they say but that's just the same in cryptocurrencies for altcoins that you don't know.

But if you're knowledgeable in crypto, you're on the right market and the advantage of it, there will be no people telling you in forex to HODL. But if you're also skilled and experienced in forex, you'll earn the same as you earn in crypto.

Whilst in bitcoin, you're fine and relax to HODL.

There are some altcoins you can hold and also get profit but there are also many shitcoins, if you hold bitcoin for long time, you will gain from it. But the OP is not talking about holding, he is talking about trading, trading and holding are not the same, that which is the best between crypto or forex trading. Spot trading is not like gambling, but high leverage trading can be more of gambling irrespective of the coin you are using. I prefer crypto trading but I have friends that also gain from forex, it depends on the level of knowledge and experience, following the rules and managing risks.

[Bitum]

From my point of view, there is no comparison, you can never earn as much on the forex market as on the crypto market. That is as black and white. And cryptomarket is definitely much more interesting and profitable. 90% of brokers who offer forex trading are simply scammers. You have direct access to crypromarket and you don't need to be between people like these scammers

[isaac_clarke22]

Surely you know that cryptocurrencies have volatile price, right? Forex trading has less volatility.
About the profitability, just choose what works the best for you.
You are just few searches away from your answer. Let me give ya one of my sources.

• https://www.dailyforex.com/forex-articles/2020/10/crypto-vs-forex/152076

[Kong Hey Pakboy]

I think you know the answer to that question deep in your heart and this forum is obviously biased for the right reason. Forex needs a lot of money plus it's really hard to predict the prices that only moves in 1 digit so it will be a no brainer that crypto trading is much better than forex trading.

[stomachgrowls]

Please advise which one is best. Which one is more profitable? Crypto trading or Forex trading?

Your choice!

If you dont like volaitlity then stick with Forex trading but if you do like huge price swings then stick with crypto, its your choice!

I'm a forex and stocks trader but do end up on being a crypto trader due to these reasons.

° high movement in price
° decentralized
° anonymous
° 24/7 market

With these qualities where you can really say that crypto trade does have its own advantages.

[Mpamaegbu]

Please advise which one is best. Which one is more profitable? Crypto trading or Forex trading?

Which one is better of the two?

Well, I can tell you for free that crypto trading is better. The reason being because of the volatility as it generates more moves than what we have with Forex Trading. The only pairs that come close to crypto moves in FX are Gold and Dragon (which is GBP/JPY). You will smile if you're on the winning side of either of those trades. However, what should matter to OP most is how to acquire the skill sets for trading. From the way that question is asked, it's obvious that the OP hasn't a full grasp of the rudiments of trading. My advice will be for OP to focus on learning the profession than concentrate first on making money from it.

[anti-dot]

Profitability depends on how well you know the market. Even in low volatility markets, if a trader is skilled and experienced enough to know opportunities and when to grab them, they usually come out on top and get lots of profits. Both could give you huge opportunities to get a lot of profits, too. At the end of the day it all comes down to preference on which asset are you more comfortable trading with and how versed you are on that certain market.

Profitability depends on how well you know the market, yes, but also on how well you manage your risk exposure or, put differently, are willing to expose yourself to risk in relation to your bank roll. Even an absolute expert could hit the 5% that are against him. If he chooses too big of a position, it might be over.

I believe for quite a while you couldn't do much wrong in the crypto trading business. A lot of fools made money. But those fools would certainly have failed much earlier in forex trading.

[Hippocrypto]

Please advise which one is best. Which one is more profitable? Crypto trading or Forex trading?

These days, I would certainly conclude that cryptocurrency currency trading is more profitable than forex. Though there's most fiat traders also trusted their platform, but nobody could beat the capabilities of crypto in terms of profitability. In times of trending market bulls, forex wouldn't have much increase just like how crypto would perform better.

[Silberman]

Please advise which one is best. Which one is more profitable? Crypto trading or Forex trading?

You seem to be looking for an easy answer and truth to be told things are not so simple, both can be profitable but that is not the problem, can you obtain profits in any of those markets? And unfortunately if you are asking that question then chances are that you cannot obtain profits in any of both of those markets, I will ask you to reconsider your decision to be a trader at least during the next months because if you do not know the answer to such a simple question then it is likely you will lose all your money in any of those markets in a relatively short amount of time.

[CaVO32]

It's like asking "which is more profitable? selling fruits or vegetables?".

Both can work(assuming you actually know how to trade in the first place), which is "better" and "more profitable" will just completely depend on the trader. On which asset characteristics will you be better at trading. High volatility vs low volatility, swing trading vs scalping, etc.

You're right. His question is very subjective and relies on the trader himself. If you are a new crypto user, I don't think it is smart idea to go into crypto trading with a lot of money. You will lose your funds if you don't know what you are doing in crypto. But if you are already knowledgeable with forex trading, I would say, this will be profitable for you. Crypto trading needs time, experience to learn how these alts are performing in the market. There's no easy way how to learn this market. Better start small when you still new in crypto trading, and learn the ins and outs first.

[perryxi2]

I think cryptocurrency trading will generate bigger and faster profits, but they also come with great risks and challenges such as price drop, the impact of external factors, insecurity and lose control...and forex trading will be safer