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November 22, 2023, 08:17:57 PM |
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Both are risky as well as profitable but these all suggestions depends on experience. If someone find forex as a profitable then he will prefer forex and those who take benefits from crypto will suggest it for others. If we talk about risk and get afraid of it then we will not move forward to achieve our goals because nothing is without risk here.
If you have traded crypto and forex, the thing you'd first notice is that you have to buy crypto. Unlike Forex, crypto has less leverage. To add salt to injury, I find it difficult using technical analysis in crypto because I can guarantee that it won't work but when you switch to Forex, it works just fine. I think that the forex market respects technical analysis unlike the crypto market where the market can be easily manipulated by whales, instititutions, and other entities. Lastly, there is more volatility in cryto than in forex. The most important thing we need to do is to understand which one is best for us. There are people who trade both the forex and Crypto market which is not good way to tarde. We need to look for a trade that we are good in that would be giving us good outcome than trying to trade randomly when we are still trying to be a good trader and one aspects. This ethag understand what it takes to tarxe in the market would never bother themselves teuin6ti trade in different markets when we can profits from actually trading in one market. Those who have skills in forex or stock trading can do crypto trading as well. It just requires some extra knowledge about market behavior, and a trader can easily adapt to the new market condition. If someone is acting on social media then crypto can be an easy play group for him as cryptocurrency moves heavily with the news events. It is normal for people to trade in both markets, and in most cases crypto traders started their journey in forex, option or stock trading. Forex market is slow compared to crypto but with leverage a trader can earn big from forex market too so discouraging traders from trading in both markets is not a good idea IMO.
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MIner1448
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November 23, 2023, 08:52:44 AM |
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The choice between cryptocurrency and Forex depends on individual preferences and investment goals. The benefits of cryptocurrencies include decentralization, high volatility, and accessibility to a wide audience. Forex provides greater liquidity, variety of currency pairs and stability, but is subject to the influence of macroeconomic events. Cryptocurrencies may be more accessible to new investors, while Forex typically attracts more experienced traders. In fact, this is already a hackneyed topic for discussion; I see this kind of topic very often. The one who has the first positive experience in trading on crypto or forex always chooses, if it doesn’t work out on crypto, they go to forex and vice versa.
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stomachgrowls
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November 23, 2023, 11:01:03 AM |
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Both are risky as well as profitable but these all suggestions depends on experience. If someone find forex as a profitable then he will prefer forex and those who take benefits from crypto will suggest it for others. If we talk about risk and get afraid of it then we will not move forward to achieve our goals because nothing is without risk here.
If you have traded crypto and forex, the thing you'd first notice is that you have to buy crypto. Unlike Forex, crypto has less leverage. To add salt to injury, I find it difficult using technical analysis in crypto because I can guarantee that it won't work but when you switch to Forex, it works just fine. I think that the forex market respects technical analysis unlike the crypto market where the market can be easily manipulated by whales, instititutions, and other entities. Lastly, there is more volatility in cryto than in forex. The most important thing we need to do is to understand which one is best for us. There are people who trade both the forex and Crypto market which is not good way to tarde. We need to look for a trade that we are good in that would be giving us good outcome than trying to trade randomly when we are still trying to be a good trader and one aspects. This ethag understand what it takes to tarxe in the market would never bother themselves teuin6ti trade in different markets when we can profits from actually trading in one market. Those who have skills in forex or stock trading can do crypto trading as well. It just requires some extra knowledge about market behavior, and a trader can easily adapt to the new market condition. If someone is acting on social media then crypto can be an easy play group for him as cryptocurrency moves heavily with the news events. It is normal for people to trade in both markets, and in most cases crypto traders started their journey in forex, option or stock trading. Forex market is slow compared to crypto but with leverage a trader can earn big from forex market too so discouraging traders from trading in both markets is not a good idea IMO. It could really be intertwined or something that we do speak about skills on which you could easily make selection or choice whether you would go with forex or with cryptocurrencies on which knowing certain skills would really be just the same in speaking about technical indicators or knowing on how to deal up with fundamental. We do know that when it comes to integration then it would really be just the same or really just that having on the same idea. The only main difference on here is about on the volatility on which we know that crypto and forex does have different level of volatility and risks. So it would really be just that depending on your own choice on which place you would really be tending to put focus on. Im a forex trader and i do found out crypto space to be that very risky if you dont know on what you would gonna do, but in overall concept on how trades should be done then it isnt really just that big of a difference. You would really be needing to make some adjustments though on how to deal with a very movy price that we do have on this crypto space. It all matters with your own perception and preference on things.
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merekamo
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November 24, 2023, 07:25:19 AM |
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Hello, What are the Advantages and Disadvantages of the Crypto and Forex? Why should anyone choose Crypto over Forex?
Thank you.
Determine the goal first, both have high risk if you use large capital too, there is no difference in my opinion in terms of risk. Especially crypto, if the market is green again, traders must be smiling. If fores there must be economic analysis and I think it is more complicated than crypto. So, for me forex is more difficult.
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jeraldskie11
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November 24, 2023, 01:10:48 PM |
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Hello, What are the Advantages and Disadvantages of the Crypto and Forex? Why should anyone choose Crypto over Forex?
Thank you.
Determine the goal first, both have high risk if you use large capital too, there is no difference in my opinion in terms of risk. Especially crypto, if the market is green again, traders must be smiling. If fores there must be economic analysis and I think it is more complicated than crypto. So, for me forex is more difficult. Because they both have different volatilities, I believe their risk is not the same. When the market is very bullish, traders mostly benefit it because the market usually didn't retrace more than 75% of a break of structure. Spot traders are benefit the most when the market is bullish because they only gain profit when the price increases not when the price decreases. Forex and crypto for me both have to apply fundamental analysis but I agree forex is more complicated than crypto.
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gabbie2010
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November 24, 2023, 02:36:37 PM |
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Both are risky as well as profitable but these all suggestions depends on experience. If someone find forex as a profitable then he will prefer forex and those who take benefits from crypto will suggest it for others. If we talk about risk and get afraid of it then we will not move forward to achieve our goals because nothing is without risk here.
If you have traded crypto and forex, the thing you'd first notice is that you have to buy crypto. Unlike Forex, crypto has less leverage. To add salt to injury, I find it difficult using technical analysis in crypto because I can guarantee that it won't work but when you switch to Forex, it works just fine. I think that the forex market respects technical analysis unlike the crypto market where the market can be easily manipulated by whales, instititutions, and other entities. Lastly, there is more volatility in cryto than in forex. Truly the hardest part in trading cryptos when price is manipulated by the whales this usually occurred unannounced and would have an instant impact on the price most often the market at that moment would defy any Technical Analysis trading setup that is why most crypto enthusiast prefers buying and hodling crypto for a long term profit, in forex trading it is usually the Red news that usually lead to a massive price volatility and this has a preset time and dates when the news is to be announced traders are always aware of the anticipated and the stipulated time of announcement apart from those time forex market tend to have a moderate volatility which obeys Technical Analysis.
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Rehan Zakir
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November 25, 2023, 06:26:42 PM |
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The one and only advantage and disadvantage of the crypto market is high vitality in the prices. Pumps can pumps UpTo 100% or more in a single day or can dump vice versa. And the second disadvantage of crypto market is there are lot of fake coins that are listed on market, the purpose is to grab users funds. But forex market is safe, Because we trade in countries currency.
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Renampun
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November 25, 2023, 06:45:22 PM |
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Hello, What are the Advantages and Disadvantages of the Crypto and Forex? Why should anyone choose Crypto over Forex?
Thank you.
These two things are actually very different, crypto is very unlikely to be stable (except stable coins) while forex is usually quite stable (fiat exchange between countries and has great trust). However, if you trade crypto, you will see the market open 24 hours a day, 7 days a day (unless a platform is undergoing maintenance), while when you trade forex, you may not be able to do it 24 hours a day, there will be certain hours for this open and closed (unless you use forex tokens). However, if you want to make quick profits, then choose crypto even though the risks are big too.
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EarnOnVictor
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November 26, 2023, 01:43:12 AM |
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Both are risky as well as profitable but these all suggestions depends on experience. If someone find forex as a profitable then he will prefer forex and those who take benefits from crypto will suggest it for others. If we talk about risk and get afraid of it then we will not move forward to achieve our goals because nothing is without risk here.
If you have traded crypto and forex, the thing you'd first notice is that you have to buy crypto. Unlike Forex, crypto has less leverage. To add salt to injury, I find it difficult using technical analysis in crypto because I can guarantee that it won't work but when you switch to Forex, it works just fine. I think that the forex market respects technical analysis unlike the crypto market where the market can be easily manipulated by whales, instititutions, and other entities. Lastly, there is more volatility in cryto than in forex. The most important thing we need to do is to understand which one is best for us. There are people who trade both the forex and Crypto market which is not good way to tarde. We need to look for a trade that we are good in that would be giving us good outcome than trying to trade randomly when we are still trying to be a good trader and one aspects. This ethag understand what it takes to tarxe in the market would never bother themselves teuin6ti trade in different markets when we can profits from actually trading in one market. Those who have skills in forex or stock trading can do crypto trading as well. It just requires some extra knowledge about market behavior, and a trader can easily adapt to the new market condition. If someone is acting on social media then crypto can be an easy play group for him as cryptocurrency moves heavily with the news events. It is normal for people to trade in both markets, and in most cases crypto traders started their journey in forex, option or stock trading. Forex market is slow compared to crypto but with leverage a trader can earn big from forex market too so discouraging traders from trading in both markets is not a good idea IMO. You have a point but still mixing other points together which could mislead as it's kind of deviating from the real fact. You are right that anyone with knowledge of Forex trading could trade cryptocurrency, and not only that, such would trade any aspect of the financial market without any problem. Only that conditions of the market reaction and movements vary among asset classes, once this is noted, the rest will be a workover. But in my experience, the Forex market reacts to news better than cryptocurrency, in fact, if GBP/USD would move over 100 pips in some news effects, Bitcoin may not move more than 30 pips in that news effect. This is what I had noticed for years and one of the reasons why I seldom traded Bitcoin until I returned to it again lately. I believe that any asset paired with the USD should react well to the USD news just like any other asses in the financial market, but the case is different with Bitcoin, it rather reacts to it sluggishly except a few times. The news that cryptocurrencies react better to are those that are directly crypto-related which is not supposed to be so. This kind of news is not always common, and examples of them are crypto ban or adoption, ETF filing and its approval/rejection, liquidation of exchanges and many more. But this is too selective for an asset paired with the USD (BTC/USD), any USD-related news should be able to cause much excitement in it.
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synchronym
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November 26, 2023, 03:39:09 AM |
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Hello, What are the Advantages and Disadvantages of the Crypto and Forex? Why should anyone choose Crypto over Forex?
Thank you.
op If you asked me to choose between Crypto over Forex I would definitely choose Crypto. We know trading in both is risky. From my personal experience, you have to keep a close eye on the Forex market and make decisions very quickly. I myself have lost a lot of money in Forex I personally will never invest in Forex. Comparatively, Bitcoin is thousand times better for trading than Forex.
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bettercrypto
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November 26, 2023, 06:28:35 AM |
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Hello, What are the Advantages and Disadvantages of the Crypto and Forex? Why should anyone choose Crypto over Forex?
Thank you.
Determine the goal first, both have high risk if you use large capital too, there is no difference in my opinion in terms of risk. Especially crypto, if the market is green again, traders must be smiling. If fores there must be economic analysis and I think it is more complicated than crypto. So, for me forex is more difficult. Because they both have different volatilities, I believe their risk is not the same. When the market is very bullish, traders mostly benefit it because the market usually didn't retrace more than 75% of a break of structure. Spot traders are benefit the most when the market is bullish because they only gain profit when the price increases not when the price decreases. Forex and crypto for me both have to apply fundamental analysis but I agree forex is more complicated than crypto. Well, your assumption is that, in my opinion, they have the same risk, but each has a different percentage level of risk. Although we also agree that the level of risk in forex is higher compared to crypto, Also, in forex, it is fought in real time, while in cryptocurrency, the trading activity is 24/7. In forex, my broker is needed, while in crypto, no broker is needed just so you can do trading activity using spot trading.
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Mate2237
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November 26, 2023, 09:13:03 AM |
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Hello, What are the Advantages and Disadvantages of the Crypto and Forex? Why should anyone choose Crypto over Forex?
Thank you.
This is a good question as a beginner in the trading field. And your subject asked if it is good to trade with crypto or forex and the straight answer is crypto and the crypto is not all crypto but bitcoin. Though are similarities between the two. Cryptocracy trading is within the scope of cryptocurrencies and Forex trading is the scope of fiat and cryptocurrencies so in term of currency acceptance, Forex trading is wider than crypto trading. The tools use in the trading process a are all the same. crypto trading is easier than forex trading.
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petulino
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November 26, 2023, 01:31:39 PM |
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Hello, What are the Advantages and Disadvantages of the Crypto and Forex? Why should anyone choose Crypto over Forex?
Thank you.
In my openion Decentralization Appeal Cryptos decentralization aligns with the desire for your financial freedom appealing to those seeking to operate outside conventional financial structures. After that talk on 24/7 Accessibility Crypto markets operate providing regularly provision for traders who prefer the ability to execute trades at any time including holiday and weekend. and on 3rd number its Global Inclusivity in Cryptocurrencies enable participation in the financial markets for self use worldwide especially those excluded from traditional banking. the last one is Innovative Technology Blockchain these technology of cryptocurrencies is considered innovative and has the potential to revolutionize various industries beyond finance.
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Essential10
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November 26, 2023, 11:55:25 PM |
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I am not interested in forex or crypto trading. Forex and cryptocurrency trading actually carry different levels of risk due to their varying volatility. In a bullish market, spot traders in forex and cryptocurrencies can benefit from price increases, but the profit potential can vary due to different market behavior. Some people like the volatility and potential for high returns in the crypto market, while others prefer the stability and predictability of the forex market. It really depends on the individual's trading style, risk tolerance, and investment goals. Fundamental analysis is important to both forex and cryptocurrency trading, but forex trading can be more complicated due to the impact of global economic factors and geopolitical events on currency values. On the other hand, the cryptocurrency market can be influenced by technological developments and adoption trends.
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shinratensei_
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November 27, 2023, 12:26:24 AM |
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Hello, What are the Advantages and Disadvantages of the Crypto and Forex? Why should anyone choose Crypto over Forex?
Thank you.
op If you asked me to choose between Crypto over Forex I would definitely choose Crypto. We know trading in both is risky. From my personal experience, you have to keep a close eye on the Forex market and make decisions very quickly. I myself have lost a lot of money in Forex I personally will never invest in Forex. Comparatively, Bitcoin is thousand times better for trading than Forex. this hits home, in forex i always incurred loss, i don't know why but the market seemed so abstract its hard to predict, but with cryptocurrencies its easier because we can understand the underlying project, potential and many more that could helps predict its valuation in the future, take for example, if a project is gonna be having partnership with some big exchange we know the price gonna rise, therefore easier to predict. with forex i personally always having a hard time, even stock is sometime so abstract, the company could get so good fundamentally but have really low value even being dumped to oblivion, kinda baffling sometimes thats why I decided to settle with cryptocurrency investment and even futures, because its just a lot more convenient in my opinion.
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