Altcoins Talks - Cryptocurrency Forum

Further Discussions => Trading (Not crypto) => Topic started by: Alston Liu on April 15, 2024, 05:39:04 AM

Title: Trading forex or cryptos, what is the similarity?
Post by: Alston Liu on April 15, 2024, 05:39:04 AM

Is there anyone who trades forex as well as cryptocurrency? What are the major differences in terms of trading strategies? Are there any similarities?

I think forex traders might trade multiple times a day if they trade in a lower time frame. And the leverage could be crazy. But still, some meme coins can also have unbelievable gains within a short time. Both of them are very risky. which one do you think people can have more control over in terms of risk management?

Title: Re: Trading forex or cryptos, what is the similarity?
Post by: Rruchi man on June 01, 2024, 11:46:20 PM

Quote from: Alston Liu on April 15, 2024, 05:39:04 AM

Is there anyone who trades forex as well as cryptocurrency?

You can see traders who have traded forex and then are deciding to trade cryptocurrency, or traders who have traded crypto currency and then are deciding to trade forex, but it is rare to see a trader who is actively trading both the crypto and foreign exchange markets. I do not know how they will be able to combine them together, but as a trader, you really need to choose one side, a preference, if not at first, maybe after learning or trying them both.