Is cryptocurrency trading more profitable than forex trading?
cryptocurrency trading vs forex trading
Trading in itself, wether it is stock exchange trading, foreign exchange trading, or Cryptocurrency trading, is the simple art of buying an asset at a lower price and selling it off at a higher price and making a profit from the difference in prices.
Cryptocurrency trading is 100 times more profitable than forex trading. Why?
Reason 1:
The cryptocurrency market is still in its infancy, it is a highly volatile market which sees large price movements between coins traded on the exchange floors. As such experienced traders who can read the markets can make very huge gains on these price movements when they are able to correctly predict price action.
The kind of gains recorded in the cryptocurrency markets by the average crypto traders, surpass the gains of the forex markets gotten by the most experienced forex traders, in folds of hundreds and thousands.
While forex market profits are measured in pips and calculated in decimals to the 3rd, 4th or 5th place, in the cryptocurrency market, profits are not so obviously measured, but are calculated in full integers... What this means is that if you need $100,000 to make $1000 in forex trading, you would only need $10,000 to make that same $1000 in cryptocurrency trading.
Reason 2:
Forex trading is a very technical and time consuming art and science to master, if you must become a professional and make consistently huge profits. Cryptocurrency trading on the other hand is not so. A basic knowledge of trading in general is all you need to grasp. With cryptocurrencies even the simplest strategy "buy and hold" will fetch you very large profits.
With Forex trading, you always need to follow world news, as prices of traded currencies are mostly affected by activities of the countries and their governments. With cryptocurrencies, just following cryptocurrency news alone gives you the trading edge to trade profitably.
So is cryptocurrency trading more profitable than forex trading?
Yes. A 100 times more profitable! 10 times less technical to trade in cryptocurrencies than in forex.
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I liken crypto closer to stock investing than forex. People seem to grasp that easier. Upvoted because crypto <3 :D
Yes. I relate with stock trading more than with forex trading, i used to be a morningstar.com fan when i was still learning stock trading... then cryptos came along and i dropped everything else and followed. giggles
Thanks for the upvote. I just followed u
follow me too
I am following you already @queenindi
I heard about forex. But never was interested. Bitconect really got me all in crypto😍
Yes. Bitconnect.... I got hooked in much much earlier with freebitco.in, an amazing free bitcoin earning platform that is still very much around
how long have yu been in crypto??? have yu gotten into trading?? im still learning
@queenindi i have built up experience from stock trading and forex trading. Cryptocurrency trading follows the same principles, but has less complexities... This is what makes it so sweet💝
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I have seen very contradictory opinions about this on the Internet.
It is in our nature to try to have more and always be better than others and this battle just begins taking advantage of crypto but if you need more information you should see this post related to investors and especially with crypto that are gaining a great ground in the field of investment exchanges and that can guarantee a great future.
Yeah I believe it's more profitable, that's why recently I only buy cryptos, I've been doing this for a while, so if youre interested check out: https://www.sickchirpse.com/how-elect-superlative-broker-best-forex-trading/ , there you can find good information to start in forex trading, I hope you find this info useful.