cryptocurrency trading is safe than forex trading

[justdimin]

As long as I've been in the world of trading for some reason, I've never really been interested in trying Forex because it's not trading for me but like gambling. So for me it is not suitable for someone who already knows the ins and outs of crypto trading and it is impossible to fall in love with trading which is much more risky like trading on Forex.

But if you are into trading then you can trade at any market because technical aspects of active trading is common across all markets which can be Forex or cryptocurrencies or bullion markets. Forex trading might seem like gambling for you but when you are approaching the market trading without the help of technical analysis then only a trading will become like a pure gambling (the basic difference between gambling and trading is technical approach).

In my opinion cryptocurrency is 100 times safer compared to any other trading but you need to trade only high volume and known coins because getting into some random shitcoins and then looking for its price to increase may not help even you are trading in cryptocurrency markets.

[JrRini]

Yes, of course cryptocurrency trading is much more than set forex trading.  You can trade by investing in two currency tokens. Cryptocurrency is much better than Forex tokens and this is a very popular kirtan. Everyone invests in currencies and trades here, but you can trade Forex. It is much better, but you have to read the risk  You can't build anywhere without risk. You have to work with risk, but you have to work with understanding

[kapalmabur]

Yeah in the bull market everyone is going to take advantage of it, in both spot forex and crypto markets prices keep climbing so chances are high traders will complain about the poor market performance. The bigger the trend is the chances of making quick gains goes higher. The forex market is low volatile compared to crypto pairs btw.

When there is a big trend, traders are competing to make as much profit as possible because that is the right time,
after all time is money if we don't use it well we will lose momentum,
yes crypto is very high volatility compared to others, therefore the risk is very big

[cheezcarls]

Both forex and crypto trading aren’t safe whether if it’s bear, bull or kangaroo run. You will never be safe with either of them as they are unpredictable on when the prices go up or down without warning. Buy and HODL coins and tokens are probably much less riskier than day trading. Just saying man.

[stadus]

I use binance and in binance i watch the market and i will see hot/gainers/loosers/24hr vol. I will check the coins that are hot and i will check them in loosers and buy them and wait for 24hrs they will go back to gain and i sell.

I mean, mate, we're literally in a bull market; almost anyone's going to make money in a bull market as long as he/she isn't tremendously bad. Bull markets are times when almost everyone thinks they're some trading/investing genius. Wait til we get into bearish territory, then re-evaluate if you're actually good.

You said it right, I also think I know a lot during the bull market in 2017 but came the bear market, I lose decent money in trading because it's very difficult to trade when the market is bearish but you are still thinking it will bounce back. That bear market is maybe just around the corner, so let's enjoy trading now as everytime it drop, it will easily bounce back and that means easy money.

[DarkDays]

Yeah in the bull market everyone is going to take advantage of it, in both spot forex and crypto markets prices keep climbing so chances are high traders will complain about the poor market performance. The bigger the trend is the chances of making quick gains goes higher. The forex market is low volatile compared to crypto pairs btw.

I don't think crypto trading can be considered safer than forex trending for a couple of reasons.

First, the volatile nature of the markets means that one wrong move can lead to chaos.

Second, forex trading can be advantageous during a bear market. So to me it feels like the two are a pick and choose option, and can even work together to unlock the most opportunity across all trading fields.

[Yamifoud]

That's right, crypto trading is safer than forex trading.

No, it won't and that is because of the volatile nature of the market. Perhaps, I don't compare the two when taking risks as they are both risky and could make you lose if you are not careful and not good in your decision.

This means that there is still a solution if we are wrong in analyzing as long as there is enough patience in waiting for the market to recover. Forex for me if the market goes against the analysis when opening a trade then the end result is a loss. There is no solution to hold back.

We can apply TA, chart analysis and etc...as they are all just the same. In fact, we can make use of the same strategy. We can hear different opinions and suggestions which is safer and I understand that they use their experience as the basis of this. But if you are in real life, forex is the safer one. It was just because we are familiar with the market trend and take this an advantage that is why we choose crypto trading over forex.

[jostorres]

Both forex and crypto trading aren’t safe whether if it’s bear, bull or kangaroo run. You will never be safe with either of them as they are unpredictable on when the prices go up or down without warning. Buy and HODL coins and tokens are probably much less riskier than day trading. Just saying man.

Kangaroo run? I never heard about anything about this. I guess I must go for googling about it.

I agree that all types of markets are not safer for the traders who are not good in technical analysis.
Because only with the help of technical analysis we can remain safer in any market and when you are not having enough experiences and knowledge in technical analysis then you will find all markets are not safer for you.

[michellee]

I must tell that cryptocurrency trading is far more safer than forex trading and it will prevent you from trading, and the more opportunities in trading comes with the trading the more you can get profit and can be stable at the moment, so before getting the right decision make sure that cryptocurrency will be more safer.

The good with crypto trading is if you have potential coins and do not sell when the bear market comes, that coins will have more chances to increase high in the next bull market so that means you will make a profit and sometimes, the profit will be bigger than before. I do not know much about forex trading so I can not tell if forex can do what crypto does. But so far, I am good at crypto trading, which makes me stay and still choose crypto trading to make money.

[Silberman]

I do not know where people get the idea this market is safer than the forex market, the volatility is many times greater in this market, and while this can mean bigger profits it can mean bigger losses as well, at the end it depends on each individual trader to make this market safer for themselves using tools like a stop loss, only investing what they can afford to lose and avoiding scams and risky markets like the ico and the NFT market, and since most traders do not do that this explains the massive losses we see newbie traders incurring all the time.

I haven't tried trading in forex so personally I didn't know how to tell which one is riskier because in my own perception both have the same level of risk that a trader would going to take. Maybe those who are currently trading in both platform could distinguish properly which one is riskier however in my own experience in trading crypto, a trader need to have its calculated risk because of the volatility of the market you need to know how much you are willing and afford to lose, some trader maybe could handle to earn a high profit from trading and some are not, we have our own different luck and different approach on how to trade in crypto so better to have a calculated risk.

It is not really necessary to have experimented something to be able to draw a conclusion due to the data we can see about it, the market of cryptocurrencies is many times riskier than the stock market, and this is because of the volatility we see here which can be extreme, after all we know the majority of traders lose most of their money in traditional markets, when we add the volatility of this market this increases the difficulty level of trading here making it way more likely the percentage of people that lose their money is even higher than what we see in the stock market.

[Dr.Osh]

~
I just understand that cryptocurrency trading is very well safe compare to forex trading.
~

I agree if you think that forex is more risky than crypto. however, things like this usually catch us off guard. right now you feel that it's safer because you benefit from it. however, we don't know what will happen tomorrow.
remember friends, in the world of trading, everything can change. do not assume that this is safe. the rise and fall of prices is something we cannot predict. so keep on learning. trading is sometimes profitable, but not always safe. still there are risks that need to be faced.

[Luzin]

I agree if you think that forex is more risky than crypto. however, things like this usually catch us off guard. right now you feel that it's safer because you benefit from it. however, we don't know what will happen tomorrow.
remember friends, in the world of trading, everything can change. do not assume that this is safe. the rise and fall of prices is something we cannot predict. so keep on learning. trading is sometimes profitable, but not always safe. still there are risks that need to be faced.

Maybe what he means is crypto trading as far as we play in the spot then our assets will be safe from liquid. Although our funds have decreased because the price drops if we hold it is possible that the price will return to the initial price. But from that we've had a loss of time. If I look at the forex market then if we buy up then if the price goes down then our funds can run out. And this is what makes me prefer Crypto to forex or any other stock market.

[TheEconomists]

This can only be compared if you are talking about future trading in crypto currency for I don't think there is any different between forex and future trading in crypto currency. If you're referring to spot trading or buy and hold in crypto currency to that of forex then I will agree with you that crypto currency trading via that methods is better than forex trading.

[Fredomago]

I agree if you think that forex is more risky than crypto. however, things like this usually catch us off guard. right now you feel that it's safer because you benefit from it. however, we don't know what will happen tomorrow.
remember friends, in the world of trading, everything can change. do not assume that this is safe. the rise and fall of prices is something we cannot predict. so keep on learning. trading is sometimes profitable, but not always safe. still there are risks that need to be faced.

Maybe what he means is crypto trading as far as we play in the spot then our assets will be safe from liquid. Although our funds have decreased because the price drops if we hold it is possible that the price will return to the initial price. But from that we've had a loss of time. If I look at the forex market then if we buy up then if the price goes down then our funds can run out. And this is what makes me prefer Crypto to forex or any other stock market.

Knowing the difference, especially in terms of outcomes, with a type of pairing like a forex once the direction turns against you, your money will automatically liquidate and you can't recover that, the same result when doing gambling, while with normal trades or investment where you can still hold and wait,

your asset still the same even at times the value in fiat will decrease but when the recovery happens, your actual money will be back or it will increase if you experienced good bull market.

[Masplanc]

To me forex trading is complex to me maybe I didn't  give my time to it, when I was into forex trading some years  ago there was no good result for me I had to quit. I found crytocurrency trading  to be cool and easy for me. I feel doing well in forex trading one have to dedicate good time to understand it well on how it works.

[Zanab247]

Many customers has achieved a lot of profits from cryptocurrency trading, base on how customers are rushing cryptocurrency trading without fear because they believe on cryptocurrency trading 100% compare to forex trading that full with risk and loss no matter how good you are in the field of trading you will definitely experience losses in forex trading in the market. It hard to lose in cryptocurrency trading if you know all the strategies to buy coins when the price is low and sell coins when the price is high in the market.
Now that forex trading is no longer stable since we came back from pandemic that is giving many investors serious worry about their poor profit making in the market. Forex trading is no longer safe like cryptocurrency trading that many investors still like to invest more on cryptocurrency trading to achieve more in the future.

[MIner1448]

Forex for me is something intangible at all, I basically never got into it, there is no time for crypt, and then there is forex, but I think the volatility is high in the world of cryptocurrency and no forex can compare with this indicator. And this is one of the most important indicators for a trader.

[Zilon]

<•••>

Mate both are the same process since both forex and crypto move in either upward, downward or range market. None is more risk free than the other. I would even say crypto volatility is even more higher compared to forex and more chances to blow down accounts faster in crypto trading than in forex same is their ROI.

[gabbie2010]

To me forex trading is complex to me maybe I didn't  give my time to it, when I was into forex trading some years  ago there was no good result for me I had to quit. I found crytocurrency trading  to be cool and easy for me. I feel doing well in forex trading one have to dedicate good time to understand it well on how it works.

I also traded forex before too, it's more inclined towards fundamentals any Red news FOMC, BOE, ECB news etc will always mar any trading strategy, thus forex traders has to get updated everytime before trading, I wasn't getting good profits rather losses, thereafter ported to crypto trading where I am having a good time trading with some small funds in order to learn every aspect of it, eg spot, margin trading not leverage trading and so far it has been a wonderful experience, though volatility in cryptocurrencies is far higher than forex crypto traders has to trade with caution.

[Fredomago]

To me forex trading is complex to me maybe I didn't  give my time to it, when I was into forex trading some years  ago there was no good result for me I had to quit. I found crytocurrency trading  to be cool and easy for me. I feel doing well in forex trading one have to dedicate good time to understand it well on how it works.

I also traded forex before too, it's more inclined towards fundamentals any Red news FOMC, BOE, ECB news etc will always mar any trading strategy, thus forex traders has to get updated everytime before trading, I wasn't getting good profits rather losses, thereafter ported to crypto trading where I am having a good time trading with some small funds in order to learn every aspect of it, eg spot, margin trading not leverage trading and so far it has been a wonderful experience, though volatility in cryptocurrencies is far higher than forex crypto traders has to trade with caution.

The beauty of having a good looks when dealing with trading, forex is indeed hard you need to follow news about the economy and you need to be precise in anticipating what would be the effects of the news that you read or heard, it's your understanding and knowledge that you need to rely, and with that same concept, crypto is also tough if you are new to it, but by experienced and by doing your trade eventually you will learn how to sort good project that will gives you better benefits.

You can apply your experience and knowledge from any form of trading to this venue. As long as you are willing to adjust, you can always enhance your skills and have it to be your advantage.