Which is better trading cryptocurrency or forex?

[stomachgrowls]

I would like to know anybody's opinions about this.

Actually choosing between crypto and forex is like choosing our favorite food, because both have their own advantages and risks. However, if you don't like high risks, maybe Forex could be an option, because forex tends to be more stable than crypto which can go up and down crazily, in essence it all depends on your ability to master both.

Because in terms of risk, it can be said to be the same even though crypto is higher. Forex can make you lose in a short time. In terms of profit, it is different, you can also get very large and fast profits. Likewise with crypto you will get very large and long profits, and vice versa.

What is clear is that it all depends on your capital, strategy, and psychological mentality in choosing between the two. because basically any investment that is most profitable is an investment that you understand and you also master the skills. If your abilities are more dominant in crypto, then choose crypto. However, if you are the type of person who doesn't like big risks, you should avoid both transactions.

It would really be just that depending into your risks appetite on which this one is really that understandable. There would really be those individuals who could really be able to handle up such risks in speaking
about dealing up with trading neither both things. The difference on here is about volatility or simply with its movement, we do know that people or investors would really be having that bigger potential on making up profits and this is something a normal approach to have as a trader/investor. If you cant be able to bare up with the risks involved with crypto volatility then it would really be up to you. I've known someone who had been that doing forex trading and on the time that he had tested out crypto then he had go back into forex just because he cant be able to handle market volatility of crypto space.

Just like been said that it would really be that everything depending on the risks appetite of a certain person because we do have that different approach on things and make out decisions
basing up into our own experiences andt this is why we cant be able to draw out some conclusion becuse everything would really be just that basing up into someones real experience.
You are the ones who would really be testing it out whether it would really be that something that will really be worth or not on the risks that you would be putting.

[adaseb]

Forex can at times be more volatile than even crypto. Keep in mind that nobody trades Forex like a spot trade. Its all high leverage. People usually use 100x leverage and their either use a mini lot or a standard lot position. A standard lot position is 100,000 units, it doesnt sound like much but a 100 pip move, will result in $1000 profit or loss. Since its high leverage, you might only need $1000 in your balance to open a position this big.

Sure 100 pips doesnt happen every day on the major pairs but the cross pairs like GBPJPY are crazy volatile. You can get 100-200 pips move on those pairs easily. And they whipsaw like crazy during news events like the pay roll numbers. This type of action doesnt typically happen in the crypto markets.

[Lakai01]

Forex can at times be more volatile than even crypto. Keep in mind that nobody trades Forex like a spot trade. Its all high leverage. People usually use 100x leverage and their either use a mini lot or a standard lot position. A standard lot position is 100,000 units, it doesnt sound like much but a 100 pip move, will result in $1000 profit or loss. Since its high leverage, you might only need $1000 in your balance to open a position this big.

What you describe has nothing to do with Forex or Crypto.

Every asset fluctuates to a certain extent every second. No matter whether we are talking about real estate, diamonds, gold or Pokemon trading cards. If you use leverage, even minor fluctuations are immediately noticeable and have a major impact. However, this has nothing to do with the fact that crypto or forex fluctuates more than the other asset.

[cute nmp]

I personally prefer to trade forex cause almost all crypto pairs follow the same patterns if Btc is down then all of them are going to be bearish and vice versa . In Forex most pairs follow a different route each marking it more easier to trade .

[justdimin]

Many members already mentioned this with its own choice as few love to stay in crypto and many love to go through with forex even we have many those are involved in both trading we have to understand few things before jumping into this which is suitable and good for us and how can we manage this few years back we have stock exchange and forex now we have forex and crypto mean few things are going to stay with time will bring changes for us as well its on person how he is going to use this opportunity and having better profit.

It's clear that a lot of people do prefer crypto because it's fun, which is the point why bitcoin is getting this much attention, I mean after all we are talking about something that can be so great, and everyone should be happy about it. I personally believe that it is going to be tough, and not going to be easy, but we can do whatever we can hope for, so it is not going to be that easy but it can be done.

We should look at crypto trading as something that WE do, and forex is something others do, and that is why we can make a point about crypto trading, but we can't be fair about forex, not many people are still crypto trading when they like forex, so these are different groups. I do not prefer forex because I find it too boring, as you can see I am biased.

[ethereumhunter]

As I only knows trading cryptocurrency, I prefer to do that than trading forex. I feels trading forex confuse for me and many things needs to learns before I can start trading. Besides that, I don't knows about the capital to start forex because in a few years ago, I heard that someone needs to have $100 or more to start. That is the reason why I don't try with trading forex.

If you try to trade crypto, you can use small money to start based on the rules in each exchange so you can adjust with your financial. If you think you can not start with $100, you can start with small money. When you lose in Bitcoin trading, you don't have to sell your Bitcoin instead just hold it until the price increase. Trading crypto may gives you more chance to make a profit but that will only with the right coin.

[beerlover]

It's clear that a lot of people do prefer crypto because it's fun, which is the point why bitcoin is getting this much attention, I mean after all we are talking about something that can be so great, and everyone should be happy about it. I personally believe that it is going to be tough, and not going to be easy, but we can do whatever we can hope for, so it is not going to be that easy but it can be done.

We should look at crypto trading as something that WE do, and forex is something others do, and that is why we can make a point about crypto trading, but we can't be fair about forex, not many people are still crypto trading when they like forex, so these are different groups. I do not prefer forex because I find it too boring, as you can see I am biased.

This bias is definitely something that is true, not a lot of people can see that but the reality is that it's something true and that happens, we can't make it work some other way, we just need to make sure that it is something that we are aware of. If we are aware of the fact that we have this then we are not going to be bothered by it, it will end up with a good result one way or another. If we have that kind of return then we will not be facing anything bad, it will be fine. Figure out how you could make this work, and that is how we are going to deal with this, it is not the end of the world.

In the end, we are going to face this as something that is quite normal, and not going to end up with much issues at all. The reality is that we have to make our own decisions, and if we know we are biased, then we can be more objective, it is the people who are not aware of the fact that they are biased that will end up with bad comparison but if you are aware then it should be fine.

[Abu-Naim]

I would like to know anybody's opinions about this.

They are two different things entirely even though they looks similar since they are both risky and there are chances of getting good profit and there are also chances of being at lost in both of them.
I will advice you to chose anyone among the two of you have understand the basic concepts of them all.
But I don’t know anything about forex, I only know Bitcoin and crypto trading, I can’t advice on forex, I will only advice you on crypto trading which is profitable if you take your time to do extensive research and learn proper before starting your trading journey.