Altcoins Talks - Cryptocurrency Forum
Further Discussions => Trading (Not crypto) => Topic started by: Jereh on March 17, 2019, 10:58:54 AM
-
I have heard so many things about forex trading and I think I am getting interested in trying my hands on it since the Cryptocurrency market condition now seems unfavorable.
Have you tried forex trading?
What are tge advantages and disadvantages and also is it more profitable than Cryptocurrency trading?
Thanks
-
Forex assumed declare a foreign exchange, FX or currency trading, is a decentralized global have enough child maintenance where all the world's currencies trade. The forex bolster is the largest, most liquid market in the world considering an average daily trading volume sophisticated than $5 trillion.
-
Unlike the cryptocurrency market, Forex is more stable and less volatile. But you have to be prepared for the fact that it is a long way. I started to get a stable profit after 7 years.
-
See, firstly you got to understand that there is nothing like more or less profit with any type of trading. If you are doing well, it will bring you sufficient returns regardless to your preference of Currency, Commodities, Index or Crypto trading. At the end of the day, all that matters are your strategies, not the option you trade on.
-
Does anyone know god and profitavke forex trading strategy?
-
Does anyone know god and profitavke forex trading strategy?
Did you find good strategy for trading?
-
Forex trading is the best way to make money if you have furnished your self with the technical skills and also have some sound knowledge of charts and indicators as well, some peoples are making money by using EA's but this may not have some stability.
-
Forex is one of the most stable and secure ways of earning money. Of course, it needs some time in order to start and work but I guess that it is normal and the result is a good one.
-
Currencies in the Forex market are backed by a centralized government, cryptocurrencies are not. ... Cryptocurrency trading is similar to forex trading in that they both involve exchanging a currency for another currency. However, the cryptocurrency market and the forex market are influenced by different factors.
-
Forex trading is not a game about many people think that it's an easy way of earning and only a few make it successfully but they are actually lucky. I myself loss money in Forex trading and it requires a lot of knowledge as well as analyzing skills.
-
Hello everyone
-
I don't rhink that it is corerct to compare forex with cryptos. They are different financial instruments. Forex can be profitable if you are good at trading. Surely, before switching from crypto market to forex, you'd better to learn forex. Everything is in your hands and the success depends only on you.
-
I still think that forex is more predictable and consistent than cryptos. Surely, cryptos are more volatile, but volatility can also destroy your budget and this volatility is less predictable than currency pairs.
-
I believe that the biggest advantage of forex trading is the fact that it is well-studied and there are many different learning resources which are free of charge. Forex market is neither bad nor good, everything is up to you. All your trading results depend on you but not the market itself.
-
In Forex people can earn a lot within a very short time so I will suggest all the newcomers to join FX and yes they should use FreshForex broker cause they are giving up to 300% deposit bonuses for their customers.
-
Dear, I do not have to try forex trading. Is it like the simple Trading as we do in our daily life? Can you give me more information about forex Trading then I can do forex Trading? Is the forex trading is Profitable or not.
-
It is hard to say whether forex trading is more or less profitable than cryptocurrency trading because it is all individual.
Surely, you should know that the markets are quite different but they still share lots of principles which are useful in all of the investing activities. I don't really see any disadvantages of forex trading, I would call them pecularities because of the fact that it is up to everyone whether to treat them like pros or cons. For example, forex market is less volatile than cryptos. Is it advantage or disadvantage? On the one hand, traders make their money because of the volatility and theoretically, the higher volatility the higher potential profits. However, there is one more correlation associated with the volatility: the higher volatility the higher risk to lose. So, forex market is more stable and consistent which I think is a pro. More than that, forex market is more regulated. There is so much scam in crypto field, in forex there is also a room for scam but it is not as widespread as in crypto market. Which is an absolute advantage.
Anyway, you can try your hand in forex trading and I believe that it is the best option for yo if you made up your mind to switch to some other market.
-
Very convenient, you can be sure. Moreover, there is an excellent level of protection for your data, so you can be sure of the safety of your information. I would also like to wish you to try Exness Academy if you are just starting to try yourself in trading. Here you can find out everything in detail, study and find the most profitable solutions for yourself, the most reliable brokerage services and, in general, ideal places for trading your assets. Try it and you won't regret it.
-
Trading Forex is easy especially those who are well experienced so always head to learn more and more to make good money. Yes, besides this we should use a reliable broker like FreshForex Aude if your broker plays with you then you can't make any single money so always be alert about this.
-
Greetings, you need to think and doubt less, and I advise you to start real actions. I have been a Forex trader for about two years and I can download that a lot has changed over the years and now you can use automatic trading systems. I recommend reading about Forex robots on this site . For a novice trader, this is a real assistant and adviser. Recommend!
-
I prefer forex trading but also have a lot more experience with it versus crypto trading. I've backed off a bit on crypto for now as I'm not sure where I think things are going. I'd definitely suggest learning more about forex trading as it can be lucrative.
-
Thank you for your message. You are right, the choice between forex trading and cryptocurrency is subjective and depends on individual strategy and risk tolerance. However, if you are considering a move into forex, I would look at the robust MarketMarkes platform. This platform offers a balanced and regulated approach to forex trading. With the help, you can learn the characteristics of the forex market and develop your strategy to succeed in this market. Good luck with your trading! 🤞
-
Forex trading has same risk as crypto trading. Although crypto trading is of two type which includes spot trading (buying low and selling high) which is a process where the trader have to purchase a coin when the price is low and sell it when th price has increased. The second one is futures trading which is deals which predicting the direction of the price of a particular coin and start a position in the direction where you think the price can go. If you make wrong prediction while trading future, you can get liquidated when the price becomes volatile. Liquidation is also applicable in forex trading but the trading pairs are fiat currencies while pairs for futures are crypto.
-
Forex trading has same risk as crypto trading.
With my experience in Forex trading, I can say that crypto trading is riskier than Forex trading because of cryptocurrency's volatility. In forex trading you can choose a pair that doesn't move that much, I mean the volatility is not much of an issue. When i was still trading forex, i used to avoid "USD and GBP" as a pair as these two are volatile.
-
Is the forex trading is Profitable or not.
forex trading is Profitable, if you have a trading strategy, everything also depends on the trading pair, volatility, broker, news...
-
In some kind of way, forex trading is similar to cryptos trading. majority of the international brokers will offer leverage from 0 to 500, which gives you an opportunity to maximize your potential gain. Obviously, leverage is a double-edged sword. With this crazy leverage, you might easily blow your account and owe your broker tons of money.
Is it profitable like cryptos trading? Yes. But it also comes with a high risk.
You can trade multiple times a day. Just like cryptos, there are lots of trading instruments you can choose. You can trade a specific currency pairs or choose gold. Some brokers even provide cryptos asset for trading.