is crypto trading different from forex trading.

[goinmerry]

hello everyone.
i sign up in this website to study how to trade crypto. i have traded little in forex but i do not understand major part of it. is crypto trading the same with forex trading? i want to learn how to trade from this website. i have account with binance and i have 85 usdt i dont know if it is too small for trading but that is what i can afford. anyone can help me with the link of how to learn from beginning and what type of thing to learn.

The purpose is just the same, buy low and sell high but on how to execute those is a bit different as even they are both volatile, their market behaviour is different. If you are not trading for long on Forex, you can't picture out the difference here in crypto. Since you have at least a little trading experience, I think you already know the basics and the goal. Try to familiarize first the interface on Binance for easy navigating. The trading part is on the upper tab. If you are on the app, just go to Trades.

Your $85 USDT is a good start. You can choose some coins there but that's another topic to discuss as we have different factors in what coins to choose.

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[Shenzou]

Trading bitcoin and crypto is way different that trading forex, and the strategies used to trade them is completely different, the forex market even though they don't seem to be fixed but they move in a specific direction and they are easily controlled and effected by news, because they are centralized, but with crypto and bitcoin where every one on his own a lot of things are happening and the free market where people are selling and buying at all time nothing is that predictable.

[TheEconomists]

hello everyone.
i sign up in this website to study how to trade crypto. i have traded little in forex but i do not understand major part of it. is crypto trading the same with forex trading? i want to learn how to trade from this website. i have account with binance and i have 85 usdt i dont know if it is too small for trading but that is what i can afford. anyone can help me with the link of how to learn from beginning and what type of thing to learn.

With your knowledge of forex trading I believe you are good to go with crypto currency trading, since there is no much different as all the format of candle stick analysis remain same and once you can interpret the candle in forex then you will even do better with crypto currency. Don't select too many coins since your capital is not much but try and pick one or two coins that has trading volume then you are good to go.
All the best Man.

[sumant]

Both are just like trading but in forex there are limited pairs to trade but in crypto thousands of crypto already in market and more coming on daily basis so it can be tough ask to choose right crypto for trading. It up to traders that in which categories they understand better. For me both are good and similar. Forex needs good capital for not to liquidate on other hand in crypto you can put any capital as you want. Crypto is not under regulations but forex is under regulations. Learning forex trading will be better for future if crypto goes through any critical condition in future.

[lixer]

With your knowledge of forex trading I believe you are good to go with crypto currency trading, since there is no much different as all the format of candle stick analysis remain same and once you can interpret the candle in forex then you will even do better with crypto currency. Don't select too many coins since your capital is not much but try and pick one or two coins that has trading volume then you are good to go.
All the best Man.

Here main point is trading which works for many fields specially its in forex and crypto may be same for few but still many things are different because forex is just going through few currency pairs but in crypto now we have nearly 3000+ coins and from these we have nearly 90% are dumb scam or cheats because many devs just doing this all for cheap money so its need more work and knowledge because if you are not using your own knowledge and mind than surely you are going to lose this all very quickly.

In crypto, you can go very quickly in rich list even more quickly you can go into bank corrupt because it's very unpredictable market, so it's need some more intention and work from you for safety of your funds and better profit for future.

[cheezcarls]

The difference is quite simple.

Forex trading = Fiat, few currency pairs
Crypto trading = BTC, ETH, ADA, etc., thousands of currency pairs

But when it comes to trading terms like consolidation, parabolic, death cross, divergence and other technical stuff, they’re the same.

[blockman]

Both are just like trading but in forex there are limited pairs to trade but in crypto thousands of crypto already in market and more coming on daily basis so it can be tough ask to choose right crypto for trading. It up to traders that in which categories they understand better. For me both are good and similar. Forex needs good capital for not to liquidate on other hand in crypto you can put any capital as you want. Crypto is not under regulations but forex is under regulations.

Although looking similar, there's a big difference and for me, it's easier to be on the spot trading cryptocurrencies. You have a point of learning forex too so you have to learn both of them for you to adapt to both markets. But to say this,

Learning forex trading will be better for future if crypto goes through any critical condition in future.

It is far from happening but I understand the point of being cautious because crypto is speculative and risky but as a believer of it, it's far going to that situation.

[Victorycoin]

Crypto trading forex trading is both different but it is profitable for traders to have more knowledge about trading cryptocurrency trading is generally traded in cryptocurrency transactions you can buy and sell in bitcoin litecoin. Apart from mining you can get involved in the world of cryptocurrency through crypto trading you will not get the benefits of investing in a currency like bitcoin in forex trading in the crypto market is easy if you understand the signals here.

[ethereumhunter]

The difference is quite simple.

Forex trading = Fiat, few currency pairs
Crypto trading = BTC, ETH, ADA, etc., thousands of currency pairs

But when it comes to trading terms like consolidation, parabolic, death cross, divergence and other technical stuff, they’re the same.

That is the main difference between crypto trading and forex trading. Maybe forex trading seems more complicated than crypto trading because the analysis can be more difficult to learn than crypto trading.

The benefits in crypto trading are that when you buy bitcoin and suddenly, the price is down a lot, you will have a chance to see your investment increase someday. But I do not know about forex trading because I am not using forex trading to trade.

[Mpamaegbu]

hello everyone.
i sign up in this website to study how to trade crypto. i have traded little in forex but i do not understand major part of it. is crypto trading the same with forex trading? i want to learn how to trade from this website. i have account with binance and i have 85 usdt i dont know if it is too small for trading but that is what i can afford. anyone can help me with the link of how to learn from beginning and what type of thing to learn.

To start with, both are businesses for trading instruments speculatively. Traders project where price moves to and then the market forces of demand and supply come into play to decide whether price actually goes there or not. The forex industry is already a more regulated, established and stabilized one when compared to cryptocurrencies which is still finding its footing. For me, crypto trading is riskier than forex trading because of the volatility and lack of regulation in the crypto industry. In comparison with their market capitalization, forex also has an upper hand with over six trillion in dollar in volume of trades while crypto is still struggling with two trillion. If you've already succeeded in Forex Trading, then you're surely going to succeed with crypto trading as both make use of similar platform  and indicators. The only advice I can give you as a beginner in the crypto space is to trade only Bitcoin and be mindful of leveraging, giving that your capital is meagre.

For example Forex trading is more risky than Crypto trading. Forex trading looks like gambling if you don't have any idea about the indicators you may lose all of your money on it. On the other hand Crypto trading also risky but not like the Forex.

Oh yeah. You think so? You see why they say that one man's meat is another's poison?

[sana54210]

Here main point is trading which works for many fields specially its in forex and crypto may be same for few but still many things are different because forex is just going through few currency pairs but in crypto now we have nearly 3000+ coins and from these we have nearly 90% are dumb scam or cheats because many devs just doing this all for cheap money so its need more work and knowledge because if you are not using your own knowledge and mind than surely you are going to lose this all very quickly.

In crypto, you can go very quickly in rich list even more quickly you can go into bank corrupt because it's very unpredictable market, so it's need some more intention and work from you for safety of your funds and better profit for future.

That unpredictable thing is because people are trading in an unpredictable method and not because crypto itself would make you bankrupt. Normally if you buy bitcoin and hold it, would that make you bankrupt? Why would it make you bankrupt, it will not be zero, at worst you would be down in your investment for a while until it goes back to green. However, if you do 10x leverage on tron in an hourly then you could end up with zero and that is how people end up losing so much money.

I never tried leverage trading with my own money, I always did demos because bitmex had demo account stuff as well and it always turned to zero in the end. I do not like to see zero in a return when I invest, it should be either a profit or at the very worst case I should be down a little, or even down a lot but not to zero. This is why people get bankrupt, they do not know the risks when trading in risky methods.

[rahmathidayat93]

I have no experience as well but base on what i saw around the internet when i was new and seeking for specific info about trading, when it comes forex it seems almost the same with crypto, specially how to use the tools and making strategies, and of course how to make TA on it. Wherein the difference only is the assets. because crypto is more on volatility that's why alot of traders sees that crypto trading is more profitable than forex, . There's no big differential actually in my personal opinion..infact they're both risky as well.

Both are risky, but the risk posed by forex is higher in my opinion. Although the techniques and indicators used are the same, in the trading period the initial determination is the final result. This means that we cannot change the trade for the long term if the market does not match our analysis.

[Silberman]

hello everyone.
i sign up in this website to study how to trade crypto. i have traded little in forex but i do not understand major part of it. is crypto trading the same with forex trading? i want to learn how to trade from this website. i have account with binance and i have 85 usdt i dont know if it is too small for trading but that is what i can afford. anyone can help me with the link of how to learn from beginning and what type of thing to learn.

The purpose is just the same, buy low and sell high but on how to execute those is a bit different as even they are both volatile, their market behaviour is different. If you are not trading for long on Forex, you can't picture out the difference here in crypto. Since you have at least a little trading experience, I think you already know the basics and the goal. Try to familiarize first the interface on Binance for easy navigating. The trading part is on the upper tab. If you are on the app, just go to Trades.

Your $85 USDT is a good start. You can choose some coins there but that's another topic to discuss as we have different factors in what coins to choose.

Correct, while the objective is the same the strategies are different, for example in the forex market we see that the trends that you can see there are very slow and are nothing like what we see in this market, this means that a ranging strategy will have way more success in the forex market, however in this market in which trends can be so strong it is better to have a strategy that takes advantage of this as even if the trends are not that common you can more than make up for it when you are on the right side of the trend.

[palle11]

Yes, one of the differences is about volatility. Crypto is riskier because of volatility, but the volatility makes a higher chance to gain bigger profits. If someone doesn't want to have a big risk, he prefers to choose forex. But if someone wants to try to gain bigger profits, then it is better to choose crypto trading. Basically, we can deal with the volatility by having sufficient knowledge about crypto, so we know how to manage our coins well. Volatility can be an advantage if we know how to deal with it.

I don't think all the things you said is verifiable about the reason crypto is riskier is because of the volatility but I think it is because it not having a body regulating for it, there are no identifiable news agency for bitcoin. On the last sentence you made, we can't fully know how to deal with cryptocurrency.

[LUCKMCFLY]

Trading bitcoin and crypto is way different that trading forex, and the strategies used to trade them is completely different, the forex market even though they don't seem to be fixed but they move in a specific direction and they are easily controlled and effected by news, because they are centralized, but with crypto and bitcoin where every one on his own a lot of things are happening and the free market where people are selling and buying at all time nothing is that predictable.

What happens is that the currency market is more stable, while the BTC market has a lot of market volatility, at any time anything can happen. The strategies for trading will always be the same, the only thing they have different with the BTC market is that all the highs depend on BTC, and that all movement is unpredictable. In currency trading, the trading volume is consolidated, while the BTC Volume is not consolidated.And if we take into account the volatility that BTC has with respect to the currency market, the same strategy cannot be applied to both markets although sometimes it seems that they have a certain correlation.

[doremonchina]

yes big difference between crypto trading and forex trading in forex trading there are lots of risk involved in in trading. in forex trading if you have no idea about and no knowledge about then you lost your all assets like in gaming. and in crypto trading risk involved too but not like a forex trading if you follow some proper signals and make some positive trading then you will make good profits.

[Silberman]

Trading bitcoin and crypto is way different that trading forex, and the strategies used to trade them is completely different, the forex market even though they don't seem to be fixed but they move in a specific direction and they are easily controlled and effected by news, because they are centralized, but with crypto and bitcoin where every one on his own a lot of things are happening and the free market where people are selling and buying at all time nothing is that predictable.

What happens is that the currency market is more stable, while the BTC market has a lot of market volatility, at any time anything can happen. The strategies for trading will always be the same, the only thing they have different with the BTC market is that all the highs depend on BTC, and that all movement is unpredictable. In currency trading, the trading volume is consolidated, while the BTC Volume is not consolidated.And if we take into account the volatility that BTC has with respect to the currency market, the same strategy cannot be applied to both markets although sometimes it seems that they have a certain correlation.

Another aspect to consider is that bitcoin is relatively new if we compare it to all of those markets that have existed for a long time so it is completely natural that bitcoin is way more volatile than those markets, also bitcoin is still in expansion, after all the number of people that have adopted bitcoin has grown but it is still a small number if we compare it to the number of people around the world, so because of this bitcoin will go through periods of expansion on its user base and then periods of contraction, which increase the volatility as well.

[uchegod-21]

The difference is quite simple.

Forex trading = Fiat, few currency pairs
Crypto trading = BTC, ETH, ADA, etc., thousands of currency pairs

But when it comes to trading terms like consolidation, parabolic, death cross, divergence and other technical stuff, they’re the same.

That is the main difference between crypto trading and forex trading. Maybe forex trading seems more complicated than crypto trading because the analysis can be more difficult to learn than crypto trading.

The benefits in crypto trading are that when you buy bitcoin and suddenly, the price is down a lot, you will have a chance to see your investment increase someday. But I do not know about forex trading because I am not using forex trading to trade.

That is why I like cryptocurrencies trading. If you loss money and wait for some time your money may comeback.

[Fakhrulenclix]

Yes, these two types of trading are different. Forex trading, if you misanalyze you will lose everything. Crypto trading if you misanalyze you won't lose everything, you can still wait until the market recovers. Furthermore, with that $85 capital I think you can continue trading, you can learn on youtube and other articles on how to trade in crypto.

[jrrsparkles]

yes big difference between crypto trading and forex trading in forex trading there are lots of risk involved in in trading. in forex trading if you have no idea about and no knowledge about then you lost your all assets like in gaming. and in crypto trading risk involved too but not like a forex trading if you follow some proper signals and make some positive trading then you will make good profits.

Don't say that crypto trading is easy peasy, it looks like easier but not really though. You can't keep making profits in cryptocurrency trading consistently and the risk is too huge when you are day trading with it. Any trader who doesn't have proper knowledge about what they're trading will end up in a loss either its cryptocurrency or forex.