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Author Topic: Which will be profitable? Crypto Currency Trading or Forex Trading?  (Read 29450 times)

Offline Confero

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Re: Which will be profitable? Crypto Currency Trading or Forex Trading?
« Reply #60 on: February 18, 2021, 05:48:41 PM »
I'm saying here Cryptocurrency trading is more profitable than forex trading. Because we in Cryptocurrency there are more choices of coins that we can trade as well as change in value faster and bigger than forex trading.

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Re: Which will be profitable? Crypto Currency Trading or Forex Trading?
« Reply #60 on: February 18, 2021, 05:48:41 PM »

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Offline sidik7

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Re: Which will be profitable? Crypto Currency Trading or Forex Trading?
« Reply #61 on: February 18, 2021, 11:58:38 PM »
each has its advantages and disadvantages when you enter the world of crypto trading or forex and the goal is the same , namely to achieve maximum profit , the diference is the level of risk , still pay attention to risk management before entering.

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Re: Which will be profitable? Crypto Currency Trading or Forex Trading?
« Reply #62 on: February 19, 2021, 08:08:22 PM »
Many members said crypto is more profitable than forex but I believe it's because they are crypto traders and not forex traders, I mean they don't know much about forex "perhaps". We understand that crypto is very volatile which means there is a good chance to earn a lot of profit very quickly but at the time there is a chance to lose a lot of money as well. And again, crypto market trading volume in total is $159.23B in 24 hours, but in forex market, it has a total trading volume of $6.6T in 24 hours! You can see its difference with crypto market, according to this I still believe that forex trading is more profitable but it needs a lot of time, knowledge, and good capital.

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Re: Which will be profitable? Crypto Currency Trading or Forex Trading?
« Reply #63 on: February 19, 2021, 09:33:03 PM »
Both  Crypto Currency Trading and Forex Trading are very profitable; the truth question is do you know how to do  Crypto Currency Trading or Forex Trading? If you have the knowledge; then you will take profits consistently.

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Re: Which will be profitable? Crypto Currency Trading or Forex Trading?
« Reply #64 on: February 20, 2021, 02:35:25 PM »
So far, I believe in cryprocurrency trading, because with cryptocurrency I get big profits. But if you cryptocurrency trading you have to be smarter at analyzing market movements, because if you don't have good knowledge and experience you can lose. I have never forex trading, I prefer cryptocurrency trading.
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Offline Stuart

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Re: Which will be profitable? Crypto Currency Trading or Forex Trading?
« Reply #65 on: February 20, 2021, 03:29:30 PM »
I will say, trade with the one that is best suitable for you. There are most people who are very good in analyzing the market and they are making good profits with the forex trade, but in crypto the market trend either upwards or downwards, patience is one of the major tool in this side of trading. Crypto trading, no matter how low it goes, there is a tendency that it will jump up high again and make profits for you. But that of forex, you make a mistake, that money is gone. Forex trading has a higher risk when compared to crypto trade.

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Re: Which will be profitable? Crypto Currency Trading or Forex Trading?
« Reply #66 on: February 21, 2021, 03:33:07 PM »
Crypto Trading is more profitable than anything in the world.None of the pairs in the Forex market has gone up 120% in the past year but bitcoin has.
none of the Forex market pairs can even go up 200-500% in 3 days but altcoins can. it is depend on your experience. if you can find these things before hand and take advantage of the situation then you make profit if not you lose money.
if you make more profit with Forex then do that, if you make more with crypto currencies then trade them. it is based on the person who is trading and the experience they have in the said markets. What is your experience about it?

Actually you said everything into your topic which trading is good or bad. I am fully agree with you that crypto trading is more easy and familiar than Forex trading. And traders who wants to learn trading from market easily choose crypto. On the other hand i personally know some Forex trader who are very much expert so everything depends on experience nothing else.

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Re: Which will be profitable? Crypto Currency Trading or Forex Trading?
« Reply #66 on: February 21, 2021, 03:33:07 PM »


Offline tonymillions84

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Re: Which will be profitable? Crypto Currency Trading or Forex Trading?
« Reply #67 on: February 21, 2021, 11:26:50 PM »
For now, crypto is more profitable and better than forex. crypto might be volatile to trade on but it is still more profitable than forex. i always advise anybody interest in forex to buy stocks and hold and forget selling. you will definitely smile one day to the banks. that is so simple. This is not a financial advise but always do your research before you invest.
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Offline ayatoslaw

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Re: Which will be profitable? Crypto Currency Trading or Forex Trading?
« Reply #68 on: February 23, 2021, 01:14:27 AM »
For now, crypto is more profitable and better than forex. crypto might be volatile to trade on but it is still more profitable than forex. i always advise anybody interest in forex to buy stocks and hold and forget selling. you will definitely smile one day to the banks. that is so simple. This is not a financial advise but always do your research before you invest.
I have never invested or trading in forex, because forex is not the place to invest, but if you want to invest in stocks and cryptocurrency is the right place, especially cryptocurrency because cryptocurrency prices are very volatile, if you understand reading market trends then you can get a lot of profit by investing in cryptocurrency rather than trading.

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Re: Which will be profitable? Crypto Currency Trading or Forex Trading?
« Reply #69 on: February 23, 2021, 10:54:16 PM »
I think you are right, Forex is not so interesting and there is much less money and speculative ideas than on the crypto market, it is difficult to get rich quickly on Forex, but here it was worth buying the right Shitcoin and already 10-20 Xs can be fixed in profits, so I'm here!
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Re: Which will be profitable? Crypto Currency Trading or Forex Trading?
« Reply #70 on: February 24, 2021, 01:24:07 AM »
I think it is more profitable to trade in all the coins in the cryptocurrency than in forex trading. In cryptocurrency that we trade when we get huge real but in the case of forex trading is completely different. Suddenly Forex is not so profitable. Which is why I think trading through cryptocurrencies can be more profitable.
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Offline Condorlaib

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Re: Which will be profitable? Crypto Currency Trading or Forex Trading?
« Reply #71 on: February 24, 2021, 01:25:11 PM »
The fact is that for me personally, trading in cryptocurrencies is more understandable than trading on Forex. In addition, in the cryptocurrency market, I can use small amounts of capital for trading, unlike Forex. Maybe I'm wrong, but nevertheless, it's just mine. Moreover, thanks to the volatility of cryptocurrencies, the cryptocurrency market has a much higher chance of making big money, unlike Forex.
« Last Edit: February 24, 2021, 01:30:59 PM by Condorlaib »

Offline Anonylz

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Re: Which will be profitable? Crypto Currency Trading or Forex Trading?
« Reply #72 on: February 28, 2021, 07:27:03 AM »
Crypto Trading is more profitable than anything in the world.None of the pairs in the Forex market has gone up 120% in the past year but bitcoin has.
none of the Forex market pairs can even go up 200-500% in 3 days but altcoins can. it is depend on your experience. if you can find these things before hand and take advantage of the situation then you make profit if not you lose money.
if you make more profit with Forex then do that, if you make more with crypto currencies then trade them. it is based on the person who is trading and the experience they have in the said markets. What is your experience about it?

Where government market is regulated, whales can't pump and dump shares or equity,unlike BTC with manipulation. It's also profitable in Forex if you are an expert. There is margin, options and Derivatives on Forex where you can make a insane gains if you are good at analyzing the market.
Profits in any of the two trading is subjective, depending on how good your are.

The same Bitcoin other crypto coins that can give you massive gains can empty your account if you are not careful with your positioning in trading.
You are totally right. I believe in as much as you can make and loss huge amount of investments in crypto, that also applies to trading Forex. I personally know of some one that losses all he invented in Forex trading. Bottom line is, both are profitable if you know what you're doing and crypto takes a step further closer to be more safer interms of not trading the derivatives.

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Re: Which will be profitable? Crypto Currency Trading or Forex Trading?
« Reply #73 on: February 28, 2021, 11:32:14 AM »
Crypto Trading is more profitable than anything in the world.None of the pairs in the Forex market has gone up 120% in the past year but bitcoin has.
none of the Forex market pairs can even go up 200-500% in 3 days but altcoins can. it is depend on your experience. if you can find these things before hand and take advantage of the situation then you make profit if not you lose money.
if you make more profit with Forex then do that, if you make more with crypto currencies then trade them. it is based on the person who is trading and the experience they have in the said markets. What is your experience about it?

For someone who is afraid of experiencing high levels of loss and risk, they will choose forex to start investing and trading.

I prefer crypto because we don't need a license like trading on the DEX exchange, it's very easy and everything is transparent without any price manipulation, the coin price on the DEX exchange corresponds to the liquidity amount of each available coin

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Re: Which will be profitable? Crypto Currency Trading or Forex Trading?
« Reply #74 on: February 28, 2021, 11:54:27 AM »
Here are some very interesting and productive facts as to why cryptocurrency trading is better than forex trading:

1) Your safety, your money

Unlike the Forex market where there are many suffocating regulations, as well as many cases of identity theft, crypto traders that use digital currency are in direct control of their transactions which makes everything much safer. Another important thing here that I’ve noticed here is that the transactions are made free from the identities of the parties involved. This grants a considerable amount of help in protecting users from all forms of identity theft.

2) There is no inflation

Every traditional currency experiences different inflation fluctuations because of the ongoing movement of global economies which shifts prices continuously. In response to this, countries print more money, therefore, increasing capital inflation. Cryptocurrency does not experience this issue. That’s why it is more predictable.

3) Cryptocurrency trading is a clear process

Unlike forex trading crypto trading uses a recorder which is called a blockchain, it is here where all transactions are recorded and monitored. In other words, when a transaction is completed it is automatically transcribed on the ledger. These transactions can be verified by anyone anytime. No person or organization can modify this ledger this is why this is considered to be the biggest security feature.

4) Fast and solid transactions.

Probably the best advantage, when compared to the forex market, is that the crypto market is free from any type of central banking regulations and control as well as other third-party vendors, that’s why transaction fees are extremely low.

5) Availability

The crypto investment funds bring many opportunities between parties anywhere in the world. These enable individuals to use and trade cryptocurrency even if they are from harsh countries without solid banking institutions.

 

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