Crypto trading vs Forex trading

[tygeade]

It all depends on what you are good at and what suits you more. You cannot expect a painter to innovate and can't ask an engineer to paint. None of them is better than the other it is all about what suits you.

For me, I have never done Forex trading seriously so I don't know how profitable it is but I have been into crypto trading for years and I can easily tell you that while it's volatile and risky it also gives you massive earning opportunities given that you are wise enough to recognize and make trades properly. If you have a good ability to analyze projects then you should do altcoins trading and if you know nothing about them, the best way to earn is just by holding and selling at a higher price, buy at a dip/correction and repeat.

[goinmerry]

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

Both are profitable if you know what you are doing.

Choose based on your comfortability and what you think you can manage and handle in the long run.

Where to start? Gaining knowledge. You can spend time first learning one of them then proceed to another one. No need to go technical, just basic information enough. Then while you are studying, you can picture out slowly what suits you.

[Fivestar4everMVP]

@mk4 said it all, trading is trading, be it forex or crypto, you the poster just have to find out which you love best, personally, I might prefer trading Forex over crypto, but this does not necessarily or generally mean trading Forex is better or more profitable than crypto, different things work differently for different peeps, my like is someone's hate and my hate is someone else's like, thats just how life is, that I havnt made as much money from trading Forex as I've made from trading crypto does not mean it's like this for every one else, someone somewhere is definitely making so much money from Forex trading far more than they make from crypto.
So my conclusion is that asking which is best between Forex and crypto trading is absurd, both works, all you gotta do is find out which is best for you.

[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

Actually, both crypto trading and Forex trading have advantages and disadvantages. Depends on which one we are more comfortable with.
because both in my opinion are very worth doing. But because I want bigger and faster profit, for now I'm more focused on crypto trading.
Indeed I admit with very volatile prices are more risky, but as long as we can analyze the market properly, it should be safe to do.

market analysis is probably unnecessary now .lol because when the market is starting to go into turmoil caused by asshole Elon Musk it is beyond our control as well as analysis methods basic accumulation.

[oHnK]

In my opinion crypto trading on the spot market is lower risk than forex trading, because forex trading actually trading with use margin /leverage. I did trading forex for more than 4 year, but its really hard to earn profit consistently. But from crypto trading on spot market, I did make huge profit only for holding by longterm. Traders are more successful in spot markets such as stocks and crypto compared to the margin forex trading.

Yeah, you got a point for having margin or leverage in forex trading. But the one you mentioned doing spot trading for the long term, like you, and hold it for the long term?
You didn't put any stop-loss at all? It really risky too for me even you are doing spot trading without any proper way of trading especially considering the volatility of cryptocurrency.

I thought the same.  When a long-term investor, stop loss must still be applied, especially in bearish times like this.  If the stop loss is not done, the current loss may be 50%.  Crypto is indeed a profitable investment for risk takers, but if you are not good at implementing strategies, you are ready to experience big losses.  It looks easy by buying a coin that you like to make a profit, but if you are not careful then what initially promises can be very painful when you lose.

[RealMalatesta]

Anything can be profitable if you know "how to do it"! People are making money in million ways, some more some less, as always!
High volatility is good for day traders! Who finds some patterns can make money every day! Of course, this is one of those things that are easier to be said than done! Where are chances for high profit there is also a risk from losing what you have, one doesn't go without the other!

So what is more profitable?! I guess trying both and learning both will bring you closer to the answer to what is more profitable for you and your set of skills!

Yeah, but I would say that since Forex exists for much longer than Bitcoin does, there are more chances of earning in crypto trading than in forex trading. Anything that's relatively new to the others has higher chances of earning as compared to a saturated market.

If you have massive capital, I would suggest going with forex because the profits are low but stable once you learn it.

If you have a small capital and able to take risks then crypto is all about it, take risks and they might make you a millionaire overnight or you might lose everything you had.

As most people said, neither of them is right or wrong and everything depends on the kind of capital you have and the risk you are capable of taking.

[CryptocurencyKing]

These are 2 very distinct market that operates on different platforms. Though to some extent, one incorporates the other and that is forex as, you can trade crypto on forex but it ain't nothing like crypto trading. I'll explain;

Forex incorporates cryptos as a commodity but then, the cryptos on the forex market are not an asset of value just like the regular cryptos we trade on exchanges and save in various wallets avial to us. Its value doesn't increase or decrease but then, the increase or decrease in value of cryptos determines the direction of the market for a forex trader where as, in
Crypto trading, every coin is an asset and its value is subject to change based on market conditions and it stands as an asset of value, owning them.

[topbitcoin]

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

In case you are really good at it, both will be good. But if me i will focus on 1, not because this is crypto forum, but some of my friends said that learning forex trading is not simple like when you're in crypto. In crypto you have spot, if your analysis is not correct you can hold your coins and not considered lose if you not sell your coins yet. With that simple thing i pick on learning crypto trading.

[Tigerheart3026]

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

profit or loss will depend on your skills in which of those platform (forex trading or crypto trading)
definitely both of risks for trading, but i know something about forex it has to start with large capital one of my friend involved in forex trading.

[Yatsan]

Both are profitable and it is just up into you whether you will just choose one or have both. It will be hard to distinguish which is which just by depending on other people's experience for it will still be the best to have it be seen by your own eyes to see which can be more profitable than the other one. Trading world is vast and there are many potential coins that we might still do not know so we cannot further just conclude of which is the best since we haven't even try it all out. It is up into your preference if you will get into crypto trading alone and vice versa or you will be having both for more possibilities of gaining profit.

[conected]

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

In case you are really good at it, both will be good. But if me i will focus on 1, not because this is crypto forum, but some of my friends said that learning forex trading is not simple like when you're in crypto. In crypto you have spot, if your analysis is not correct you can hold your coins and not considered lose if you not sell your coins yet. With that simple thing i pick on learning crypto trading.

- If you only listen to opinions and some advice from friends, giving up forex too soon is somewhat cowardly and irrational because they have more time in forex than you but maybe they have not been so successful and they have imposed the mindset that forex is not easy. However, they do not succeed will not show that you will move along a similar path, you can still create other milestones, the truth will be clear when you experience a most realistic fight, crypto trading and forex are two ways that can make money and support each other, learn when we have time and opportunity

[Lanatsa]

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

In case you are really good at it, both will be good. But if me i will focus on 1, not because this is crypto forum, but some of my friends said that learning forex trading is not simple like when you're in crypto. In crypto you have spot, if your analysis is not correct you can hold your coins and not considered lose if you not sell your coins yet. With that simple thing i pick on learning crypto trading.

- If you only listen to opinions and some advice from friends, giving up forex too soon is somewhat cowardly and irrational because they have more time in forex than you but maybe they have not been so successful and they have imposed the mindset that forex is not easy. However, they do not succeed will not show that you will move along a similar path, you can still create other milestones, the truth will be clear when you experience a most realistic fight, crypto trading and forex are two ways that can make money and support each other, learn when we have time and opportunity

Precisely! if you focus and take things seriously, the chance is still there for you, it;s not because someone failed then you must follow that
path, you have your own way of learning,

if you are willing to take the risk and you are good in finding the right information about the venue of investment that you'll going to participate, better to build your own path and succeed.

Finding your own path is a must thing because if you do things which is out of your passion or goal would be entirely be different not like if you do engage with things
where interest of yours is really there.You would do sort of things which would really be always concerning with your current dealings.

Each of us does have different level of risk that could give out on a particular thing and this would really vary into each individual.

On the question on which one is better between forex and crypto then it does have its pro's and cons and if you do find out which one would be beneficial
and do look good for you then its up to someones choice.

[Slow death]

Please advise which one is best.

if we evaluate the issue of high volatility, pump and dump then I would say that forex is the best option because it is less risky, besides technical analysis works better in forex

Which one is more profitable?

Crypto trading, but also Crypto trading can bring big losses

Crypto trading or Forex trading?

as I said, crypto trade has the advantage of being more profitable, but it is more dangerous and technical analysis of cryptocurrencies is more complicated, just look at the charts and you will understand what I am saying. forex rules don't apply much in the cryptocurrency market

[GeorgeJohn]

It's just like when you are asking about the differences between dollars and pounds, they're both currencies that are used for exchange. The word Forex means Foreign Exchange. It's the most volatile market in world that worth more than 2 trillion dollars. So any market that deal with exchange of financial instruments is Forex.

Learning how to trade forex is just like learning how to trade crypto but with little differences. Crypto is an online currencies which are use for exchanges the same way we use fiat. Once you are good in trading general, i believe you would have little or less to learn about crypto cause they're both currency with different forms.

Trading either crypto or currency are both profitable depending on your area of concentration and your working strategies. I know a lot of forex traders who also trade crypto due to there exposure and techniques in which they use. So the ball is in your court to decide what to trade be it forex or crypto as a newbie.

[Silberman]

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.

The most difficult aspect that newbie traders and even experimented traders have to deal with is the volatility, the volatility is great when things are going your way, after all you can earn more money in this market in a single year than what you can earn in a whole decade in the stock market, but that is only the good side of the volatility, if you happen to make a trade and you are mistaken then you could experiment a huge move against you and without a stop loss and the use of leverage that could be more than enough to make you lose all your capital in just a few hours or even minutes.

[bitcointrader64]

Crypto can be seen as easier to trade due to the trend but volatility can dampen gains if you are not managing it well. While forex and classic currencies are mostly ranged without any real bullish or bearish tendency which makes them complicated. I believe that there is no easy market. Everything related to trading has its share of difficulty and impossibility to predict the future.

[Yamifoud]

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

Both are profitable but it will depend on your skills and knowledge since we all follow the general rules in trading, lessen are losses and maximize our profit. If you have the skills in trading, making money is so easy for you. Anyway, I’m not being biased here but I prefer crypto market, there’s a lot of ways to earn money here and not just for trading so better to explore further.

It was just a difference in the currency we used but everything just the same, Buy, Hold, and Sell. We sometimes lose and sometimes gain profit. There is nothing big difference between them and as usual, it needs trading skills and market knowledge before starting, otherwise, failure will just come to us.

Well, it didn't matter which one is more profitable or not, it will matter where we become comfortable and where we can maximize our skills. Many will say crypto trading is profitable but to ask, are they try forex trading? That will be a question needs to answer before we compared them.

[taufik123]

Crypto can be seen as easier to trade due to the trend but volatility can dampen gains if you are not managing it well. While forex and classic currencies are mostly ranged without any real bullish or bearish tendency which makes them complicated. I believe that there is no easy market. Everything related to trading has its share of difficulty and impossibility to predict the future.

and in essence have advantages and disadvantages of each. Crypto or forex will both provide benefits if they can analyze the market well.
but at the current crypto hype, forex players are starting to switch to crypto so crypto is experiencing a huge surge in users. people are attracted because of its high volatility because it can get bigger profits as well as a larger volume of crypto.

[MCobian]

Crypto can be seen as easier to trade due to the trend but volatility can dampen gains if you are not managing it well. While forex and classic currencies are mostly ranged without any real bullish or bearish tendency which makes them complicated. I believe that there is no easy market. Everything related to trading has its share of difficulty and impossibility to predict the future.

and in essence have advantages and disadvantages of each. Crypto or forex will both provide benefits if they can analyze the market well.
but at the current crypto hype, forex players are starting to switch to crypto so crypto is experiencing a huge surge in users. people are attracted because of its high volatility because it can get bigger profits as well as a larger volume of crypto.

I agree that both crypto trading and forex trading can generate profits, depending on our ability to analyze the market. But since this year's crypto
price increase was very drastic. Of course, it makes many people interested in crypto trading compared to forex trading. Because crypto trading
promises much bigger profits than forex trading, no wonder more and more forex players are finally deciding to switch to crypto trading. But
the problem is crypto prices are very volatile, and it has been proven that in recent weeks crypto prices have continued to fall, making crypto
trading difficult to generate profits. But the key to successful crypto trading is patience. We do not only have to be able to analyze the market,
but controlling emotions is also important to be successful in crypto trading.

[Erdogan]

They both are equally profitable if played sensibly and equally destructive if handled not with care. While many had made fortunes with crypto there are equally number of people who have been ripped off from their entire investment. Whether you choose Forex or crypto make sure you have enough knowledge of it.