Oshosondy
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April 27, 2023, 07:20:00 AM |
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When analyzing Bitcoin, for example, you have soo much more data to watch than with forex.
It is not about data only, it is about how good a trader is. There are some traders that left trading forex or crypto and said trading is gambling. Some traders continue to trade but yet losing. Some people are making profit both in forex and crypto trading. What I am saying is that after both are very risky, few traders still make money from both. I even have a brother that has been in forex for years, he knows about crypto many years ago and started to know about crypto trading like a year or two years ago, but prefere forex. As for me I prefer crypto. Sometimes it depends on preference and the one you know indepth. But about data or whatever, forex traders also need some information and updates in order to be a better trader.
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Franctoshi
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April 27, 2023, 08:09:07 AM |
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Base on experience, you really need more money to start trading in the forex market than you need in the crypto market, frankly speaking to be profitable and have a relaxed mind while trading in the Forex market as experienced trader, you need not less than $500 to start forex trading in my own opinion, hence your money is gone the next day, whereas in crypto one can start with as little as $50, $100 and above and make good profit just by investing on the right crypto project that has use cases, just by holding that coin until it increases in price.
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cute nmp
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April 27, 2023, 09:28:16 PM |
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Prefer trading crytocurrency cos it is much easier and brings in consistent profits unlike the forex market which has lots of manipulations leading to lots of losses.One can easily make decent profits from the crypto-market if he trades it in the right way.
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AmoreJaz
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April 27, 2023, 09:33:46 PM |
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Base on experience, you really need more money to start trading in the forex market than you need in the crypto market, frankly speaking to be profitable and have a relaxed mind while trading in the Forex market as experienced trader, you need not less than $500 to start forex trading in my own opinion, hence your money is gone the next day, whereas in crypto one can start with as little as $50, $100 and above and make good profit just by investing on the right crypto project that has use cases, just by holding that coin until it increases in price.
i can agree with this fact. in crypto, basically, anyone can start their trading journey even with small funds. however, in forex, you need a minimum budget as you said about 500 bucks. with this budgetary requirement, you can say that crypto is more friendly with small time holders. if you are a beginner in both types of trading, you can start with crypto with small budget. however, do take note that with higher volatility in crypto, you can also easily lose those funds. whereas, in forex, if you are very sure with where you put your money into, you have high chance that you can keep your money intact plus some gains.
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ololajulo
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April 27, 2023, 09:48:01 PM |
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If you had mastered forex trading prior to delving into cryptocurrency, you would likely have gained a deeper understanding and might have viewed your time in forex as less valuable. Cryptocurrency, being decentralized, digital, and cyclical, offers a distinct and more rewarding experience. Furthermore, I believe that the utilization and trading of cryptocurrencies are simpler to comprehend.
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Lanatsa
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April 27, 2023, 11:56:43 PM |
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Base on experience, you really need more money to start trading in the forex market than you need in the crypto market, frankly speaking to be profitable and have a relaxed mind while trading in the Forex market as experienced trader, you need not less than $500 to start forex trading in my own opinion, hence your money is gone the next day, whereas in crypto one can start with as little as $50, $100 and above and make good profit just by investing on the right crypto project that has use cases, just by holding that coin until it increases in price.
i can agree with this fact. in crypto, basically, anyone can start their trading journey even with small funds. however, in forex, you need a minimum budget as you said about 500 bucks. with this budgetary requirement, you can say that crypto is more friendly with small time holders. if you are a beginner in both types of trading, you can start with crypto with small budget. however, do take note that with higher volatility in crypto, you can also easily lose those funds. whereas, in forex, if you are very sure with where you put your money into, you have high chance that you can keep your money intact plus some gains. A very wrong mindset or believe into those new people who do tend to trade up is that they've been thinking that having bigger capital or money to be used is the more chance of you on making big profits which is really that a very wrong belief to have in mind because what we do really need is on how to sustain this market. Even if you do start up small but you do know on how to compound up your profits until you do make it big then it beats out on someone who does have bigger capital but doesnt know on what he's doing. You could be able to differentiate in between on who does have the future or could be able to progress compared to those who would be losing up big time. If you had mastered forex trading prior to delving into cryptocurrency, you would likely have gained a deeper understanding and might have viewed your time in forex as less valuable. Cryptocurrency, being decentralized, digital, and cyclical, offers a distinct and more rewarding experience. Furthermore, I believe that the utilization and trading of cryptocurrencies are simpler to comprehend.
When you are a forex trader then it would really be not that hard when it comes to crypto trading because the concept would really be just all the same considering that you would be still making use of the same indicators and signals which you would really be needing to read upon. This is why its really an advantage if you do really know on what are the things around in connection between two, you could be able to point out though about their main differences.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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jeraldskie11
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April 28, 2023, 03:10:16 AM |
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In the crypto market, the daily trading volume of any cryptocurrency can be found on monitoring websites with metrics. In contrast, it’s impossible to estimate trading volumes in Forex, because no one keeps track of all deals in this huge market. Forex intermediaries usually show traders the tick volume. This is not a real or even approximate volume, but a quantity of price changes within a specific period (i.e. oscillation counter).
This simply indicates that FX has a higher 24h trading volume than cryptocurrency. Because it has been around for a long time, FX has more traders than cryptocurrency. There are traders that want significant volatility since there is a high potential to multiply the price of the digital asset you are trading, and here you may see deals that have reached 2000% ROI, which is what motivates others to trade in crypto. On the other side, some traders prefer minimal volatility because the market is difficult to manipulate. Although there is still manipulation, the wicks are far lower than in crypto. Small gains are sufficient for them as long as they are constant.
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borovichok
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April 28, 2023, 01:55:00 PM |
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If you had mastered forex trading prior to delving into cryptocurrency, you would likely have gained a deeper understanding and might have viewed your time in forex as less valuable. Cryptocurrency, being decentralized, digital, and cyclical, offers a distinct and more rewarding experience. Furthermore, I believe that the utilization and trading of cryptocurrencies are simpler to comprehend.
When a trader has the appropriate tools, trading can be made simple. We also need to comprehend the full foundation of trading. A trader decides which trading sector to participate in, such as the cryptocurrency or forex markets. It's crucial to master the area of Forex, and trading requires a working knowledge of both technical and fundamental analysis. Cryptocurrency uses straightforward terms and strategies, as well as spot and future trading, cryptocurrency is much easier to understand than forex.
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traderethereum
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April 28, 2023, 03:02:11 PM |
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If you had mastered forex trading prior to delving into cryptocurrency, you would likely have gained a deeper understanding and might have viewed your time in forex as less valuable. Cryptocurrency, being decentralized, digital, and cyclical, offers a distinct and more rewarding experience. Furthermore, I believe that the utilization and trading of cryptocurrencies are simpler to comprehend.
When a trader has the appropriate tools, trading can be made simple. We also need to comprehend the full foundation of trading. A trader decides which trading sector to participate in, such as the cryptocurrency or forex markets. It's crucial to master the area of Forex, and trading requires a working knowledge of both technical and fundamental analysis. Cryptocurrency uses straightforward terms and strategies, as well as spot and future trading, cryptocurrency is much easier to understand than forex. A forex trader might not take too long to adapt to crypto trading but on the other hand, a crypto trader must first adapt to forex trading because many trading instruments must be understood. I experienced that when I tried to watch my friend trade in forex trading because forex trading is more complicated than crypto trading. But maybe some people can understand how to trade forex well so they don't experience difficulties. And it will all depend on how we can learn about trading forex or crypto so we will choose which one we like.
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gabbie2010
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April 28, 2023, 04:06:04 PM |
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If you had mastered forex trading prior to delving into cryptocurrency, you would likely have gained a deeper understanding and might have viewed your time in forex as less valuable. Cryptocurrency, being decentralized, digital, and cyclical, offers a distinct and more rewarding experience. Furthermore, I believe that the utilization and trading of cryptocurrencies are simpler to comprehend.
When a trader has the appropriate tools, trading can be made simple. We also need to comprehend the full foundation of trading. A trader decides which trading sector to participate in, such as the cryptocurrency or forex markets. It's crucial to master the area of Forex, and trading requires a working knowledge of both technical and fundamental analysis. Cryptocurrency uses straightforward terms and strategies, as well as spot and future trading, cryptocurrency is much easier to understand than forex. A forex trader might not take too long to adapt to crypto trading but on the other hand, a crypto trader must first adapt to forex trading because many trading instruments must be understood. I experienced that when I tried to watch my friend trade in forex trading because forex trading is more complicated than crypto trading. But maybe some people can understand how to trade forex well so they don't experience difficulties. And it will all depend on how we can learn about trading forex or crypto so we will choose which one we like. I had traded both forex and crypto and had some experience in both, I must confess crypto prices has a very high volatility than forex trading and crypto trading requires massive skill and experience before a trader can be profitable, I had several liquidation while trading cryptos, however I feel more comfortable in trading forex because few of the well traded pairs like EURUSD, GBPUSD, AUDUSD etc are adapted well to Price Action and don't defies Technical analysis in most cases except during high impact or medium impact news which traders avoids at that particular time of the news. However crypto prices moves too fast such that failure to Take profit appropriately might result to losses because of swiftness in the price reversal.
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CarnagexD
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April 29, 2023, 02:59:05 AM |
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I think one really big advantage of trading Crypto is not only the volatility but also the available data. When analyzing Bitcoin, for example, you have soo much more data to watch than with forex. Think about: On-chain data (long-term) Derivative exchange data (short-term) This is a completely new dimension of data sets that you can use for price predictions that are not available for forex. You can find a lot of data on the following websites: https://lookintobitcoin.com (On-chain, macro charts) https://whaleportal.com/ (Derivative exchange data, short-term charts) There are many more out there like CryptoQuant, Coinglass etc. If you take the time to understand these metrics, your profitability rate will significantly increase, in my experience. Well, it still depends on the trader's preferences. Both instruments have both advantages and disadvantages. Be it the data, volatility, central control, news, weekends trading, restrictions, availability of resources. If you want more data and fast phase trading then maybe you prefer crypto, If you prefer symmetrical trading and per session then you might consider FX. Leverage is applicable to both hence returns are no problem. It is still up to the operator itself. The trader. Be the professional trader.
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█▀▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄▄ | | . Stake.com | | ▀▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄▄█ | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | █▀▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄▄ | | . PLAY NOW | | ▀▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄▄█ |
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death69
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April 29, 2023, 01:53:59 PM |
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If you had mastered forex trading prior to delving into cryptocurrency, you would likely have gained a deeper understanding and might have viewed your time in forex as less valuable. Cryptocurrency, being decentralized, digital, and cyclical, offers a distinct and more rewarding experience. Furthermore, I believe that the utilization and trading of cryptocurrencies are simpler to comprehend.
When a trader has the appropriate tools, trading can be made simple. We also need to comprehend the full foundation of trading. A trader decides which trading sector to participate in, such as the cryptocurrency or forex markets. It's crucial to master the area of Forex, and trading requires a working knowledge of both technical and fundamental analysis. Cryptocurrency uses straightforward terms and strategies, as well as spot and future trading, cryptocurrency is much easier to understand than forex. A forex trader might not take too long to adapt to crypto trading but on the other hand, a crypto trader must first adapt to forex trading because many trading instruments must be understood. I experienced that when I tried to watch my friend trade in forex trading because forex trading is more complicated than crypto trading. But maybe some people can understand how to trade forex well so they don't experience difficulties. And it will all depend on how we can learn about trading forex or crypto so we will choose which one we like. I had traded both forex and crypto and had some experience in both, I must confess crypto prices has a very high volatility than forex trading and crypto trading requires massive skill and experience before a trader can be profitable, I had several liquidation while trading cryptos, however I feel more comfortable in trading forex because few of the well traded pairs like EURUSD, GBPUSD, AUDUSD etc are adapted well to Price Action and don't defies Technical analysis in most cases except during high impact or medium impact news which traders avoids at that particular time of the news. However crypto prices moves too fast such that failure to Take profit appropriately might result to losses because of swiftness in the price reversal. But hey, sometimes a little ruckus is what we need. Forex? The stable, trustworthy older sib. Crypto? The unruly adolescent sneaking out for nighttime escapades. Let's face it, we all dig a bold uprising. Like giving the one-finger salute to the elites, carving our own way. But remember, to ace a rebellion, you gotta be clever and play it strategically. That's where staying sharp comes in. Do your homework, keep tabs on the latest buzz, and never scoff at the prowess of an epic cup of java. So, suit up, hug the pandemonium, and plunge into the untamed crypto trading jungle. You may just clinch the gold. Or nosedive. Regardless, buckle up for a rollercoaster of a journey.
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darewaller
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May 01, 2023, 02:15:32 PM |
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Forex seems to me a better option for work. At least more reliable for sure. For cryptocurrency is a rather unsafe option that requires knowledge, and sometimes even banal luck.
Both has a risk because if one of them doesn't, then I don't think you can make a profit. The correct word to say is crypto is just riskier but high risk do also comes with high reward and this is why many are attracted to it especially beginners in the trading world. It is seems they have a problem with their eye sight that they only see the high reward and not the high risk but for a cautious investor, they can read the guides first and research further about the information that can help them lessen the risk. I guess cryptos will now look better this time than the forex? But don't lose hope yet because cryptos might still be banned on some countries while forex is more legal than them.
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Marvelman
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May 01, 2023, 02:55:53 PM |
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Forex seems to me a better option for work. At least more reliable for sure. For cryptocurrency is a rather unsafe option that requires knowledge, and sometimes even banal luck.
Both has a risk because if one of them doesn't, then I don't think you can make a profit. The correct word to say is crypto is just riskier but high risk do also comes with high reward and this is why many are attracted to it especially beginners in the trading world. You are absolutely right, both forex and cryptocurrency trading involve a certain degree of risk. As for cryptocurrency trading, it is true that it can be riskier due to the high volatility of these markets. However, as you mentioned, high risk can also bring high rewards, and many beginners are attracted to cryptocurrency trading due to the potential for significant profits. The first thing you need to do is determine your risk tolerance. Are you the type of person who can stomach a small loss in order to make a large gain, or are losses going to be hard on you? This is an important question because it will determine what markets and strategies are right for you. If you're like me, then cryptocurrency trading might be the best option for you. But if you're not yet comfortable with cryptocurrency trading, then there are plenty of other options available.
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traderethereum
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May 01, 2023, 03:55:41 PM |
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If you had mastered forex trading prior to delving into cryptocurrency, you would likely have gained a deeper understanding and might have viewed your time in forex as less valuable. Cryptocurrency, being decentralized, digital, and cyclical, offers a distinct and more rewarding experience. Furthermore, I believe that the utilization and trading of cryptocurrencies are simpler to comprehend.
When a trader has the appropriate tools, trading can be made simple. We also need to comprehend the full foundation of trading. A trader decides which trading sector to participate in, such as the cryptocurrency or forex markets. It's crucial to master the area of Forex, and trading requires a working knowledge of both technical and fundamental analysis. Cryptocurrency uses straightforward terms and strategies, as well as spot and future trading, cryptocurrency is much easier to understand than forex. A forex trader might not take too long to adapt to crypto trading but on the other hand, a crypto trader must first adapt to forex trading because many trading instruments must be understood. I experienced that when I tried to watch my friend trade in forex trading because forex trading is more complicated than crypto trading. But maybe some people can understand how to trade forex well so they don't experience difficulties. And it will all depend on how we can learn about trading forex or crypto so we will choose which one we like. I had traded both forex and crypto and had some experience in both, I must confess crypto prices has a very high volatility than forex trading and crypto trading requires massive skill and experience before a trader can be profitable, I had several liquidation while trading cryptos, however I feel more comfortable in trading forex because few of the well traded pairs like EURUSD, GBPUSD, AUDUSD etc are adapted well to Price Action and don't defies Technical analysis in most cases except during high impact or medium impact news which traders avoids at that particular time of the news. However crypto prices moves too fast such that failure to Take profit appropriately might result to losses because of swiftness in the price reversal. I think analyzing forex and crypto almost have similarities and that's why a forex trader only needs to familiarize themselves with using crypto trading. But even though the volatility in crypto is higher than forex, that's what makes many people tempted to try it because there is a possibility they can get big profits from the price difference, which can increase at any time. Maybe you are doing futures trading so you have some liquidations because if you are using spot trading, as long as you don't sell your coins, you will not get liquidated. In crypto trading, it takes quick action to conclude about when to sell and buy so that we can make a profit.
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Wapfika
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May 01, 2023, 04:03:09 PM |
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You are absolutely right, both forex and cryptocurrency trading involve a certain degree of risk. As for cryptocurrency trading, it is true that it can be riskier due to the high volatility of these markets. However, as you mentioned, high risk can also bring high rewards, and many beginners are attracted to cryptocurrency trading due to the potential for significant profits.
Forex trading is some sort of leverage trading which amplify the risk factor despite most of the currency moves slowly. This is almost same with crypto trading volatility since forex trader use high leverage to have a decent profit for a minimal price movement. I agree that they are almost have same risk due to the method of trading which traders is using in both assets. The first thing you need to do is determine your risk tolerance. Are you the type of person who can stomach a small loss in order to make a large gain, or are losses going to be hard on you? This is an important question because it will determine what markets and strategies are right for you. If you're like me, then cryptocurrency trading might be the best option for you. But if you're not yet comfortable with cryptocurrency trading, then there are plenty of other options available.
This is correct approach on trading to choose a perfect asset suitable for the traders preference. I’m a financial advisor and I always do this kind of evaluation before I suggest an investment plan for my client. It nice to see someone here that consider this kind of evaluation on choosing asset for investment.
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