Cryptocurrency Trading VS Forex Trading
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Forex trading is more stable and skill based than cryptcurrencies trade.
It takes more time, more initial information about trading and sadly
less profit than crypto currencies trading.
Due to the volatility, crypto trading can make you very good money and very fast, you do not need to study as much, general trading information and ability to predict the markets is enough to start.
Many Forex brokers now have Bitcoin - should you trade it?
Some Forex brokers have already managed to open access to such units
as Bitcoin (BTC) and light coin (LTC).
Many brokers already serve the mechanisms of crypto trading, and traders themselves should seriously think about the liquidity of instruments, as well as about trade strategies that can effectively work out in such markets.
It is known that trading in BTC pairs depends on an unstable news background, and the fluctuation of the rate determines exclusively demand and supply, outside the competence of central banks and other regulators from the side of the cryptocurrency.
When working with Bitcoin, technical strategies are more likely to prevail, although the news background is more visible in higher timeframes.
There are intraday traders on the market, but there are much more position traders and long-term investors.
My Point Of View:
Bitcoin makes things easier.
Now we may already know forex,
but because of the bitcoin trading we can switch.
Trading bitcoin into a way that most preferred traders in the world.
They easily and quickly understand how bitcoin prices move well in world financial markets.
Another benefit of bitcoin is that you can begin to trade with sums of money that are ridiculous low compared to what you will need in forex,
in forex you need at least a few hundred dollars and probably you need more than that a few thousands, but in bitcoin you can begin trading with very few dollars.
Cryptocurrencies basically provide you a way to start trading on really small positions without any big risk that you will lose big part of your money:as it is with margin call.
Please leave your point of view...
Every comment, every upvote, every support is really appreciated.
Thanks For Reading,
@lordoftruth
Come and hang with us at http://steemspeak.com
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Nice post on the differences between trading FOREX and crypto markets. One thing I love the most about trading the cryptos is that you can don't have to wait 3-5 business days to deposit/withdraw your money and the big boys (institutional investors) aren't in it, yet.
Appreciated this reflection. I still want to get better at trading forex. I see the technicals working and appreciate the global relation to news and events. I just want to be a better over all trader. The challenge is in finding the time and balancing it with other life commitments. Crypto is interesting to trade, but it moves so fast and unpredictably. Today, I lost a lot of money in crypto that I worked very hard for. It was crushing. But will survive because I am always learning. And I hope to be in forex more next time I get in the ring.
"...I lost a lot of money in crypto that I worked very hard for..."
I am so sorry to hear that you lost in Crypto
Thanks for reply mate
Yes is very Risky
Due to the volatility, crypto trading can make you very good money and very fast, but you can lost faster !!
I agree fully with you.
My advice to invest in crypto and to trade forex with fiat money for now..
Good words to give a go. Kinda startin from scratch on the trading front. But that's all good. I still have things invested, and will let them grow. Appreciate that vote of confidence Truth.
Thank you for info @lordoftruth!
Always welcome
i personally prefer crypto trading then forex,i have done both trading but crypto have low risk of lossing money then forex as crypto is at at early stage and many of the coins have bullish trend and u will not loss if you can hold crypto for long term.the more you hold the more big profit you will get on crypto
Excellent post! My forex broker already offers BTC/USD, and hopefully more coins in the future. Its really nice to see more brokers adding crypto recently.
Thanks for support
Useful article! Thank you!
Happy to see you here in my blog
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This actually so interesting. If people seriously would take a deeper look in this the global understanding of what money is and where it comes from would be much more.
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You are welcome! The more we share our knowledge the wiser everybody becomes!
Happy to hear that
meep
quite informative
Thanks for sharing. Great info :)