Jump to content

Forex Trading vs Cryptocurrency Trading


Recommended Posts

Hello friends this is checkmail and would like to know all new and experienced Traders and users views on above mentioned subject.

Similar to forex trading the cryptocurrency are taking the world by storm, similar types of speculations, risks, profits, losses, would the crypto currency be the new forex market of millennium:)8-).

Link to comment
Share on other sites

Guest CarlosR1713007162

they are different markets

 

Hello friend, really the cryptocurrencies have had an important growth in 2017, especially Bitcoin, however there are many different aspects in both markets, one of them is that you can not measure the impact of the news that affect the cryptocurrency instead in the news for forex are well established in its economic calendar so in my case I prefer to continue with the Forex, since it is regulated by the central banks of each country.

Link to comment
Share on other sites

  • 1 month later...
  • 2 weeks later...
  • 2 weeks later...
Guest MayenB
Bitcoin is making a pullback mode, for now only in three waves so it still can be a corrective set-back now seeking a potential support here around 8300/8500. We are watching and waiting to see whether price turns up from that area and back to 9k, since this would be a nice indication that BTC/USD bulls are here.
Link to comment
Share on other sites

  • 2 months later...
  • 2 months later...
Guest Mohamad Tammat
Hello friends this is checkmail and would like to know all new and experienced Traders and users views on above mentioned subject.

Similar to forex trading the cryptocurrency are taking the world by storm, similar types of speculations, risks, profits, losses, would the crypto currency be the new forex market of millennium:)8-).

 

The difference between forex and crypto is only about the forecasting. Personally, crypto market is totally unpredictable and you'll never know how interest rate change.

 

On the other hand, proper investment in cryptos leads to huge profits. It's up to you what to choose - stable incomes with the logical changes of interest rates or simultaneous profit.

 

As for trading, not many forex brokers offers a huge variety of trading instruments. By the way, justforex allows crypto trading (BTC, DASH, Litecoin, Emercoin, NEO, Monero etc). I heard they also launched BTC and BTCash payment methods on their platform:-$

Link to comment
Share on other sites

  • 1 month later...
  • 1 month later...
  • 3 weeks later...
  • 4 weeks later...
Investing is a lot like playing poker. You’re constantly making calculated decisions on whether or not you should invest more money into something or simply call it a day. Knowing when to fold and when to take the risk can be the difference between having a good ROI and ending up broke. Now expanding on that analogy, Forex trading would be a warm-up game for investors in comparison to cryptocurrency trading. It’s like having two poker tables next to each other, one with small $1/$2 blinds, and the other with much larger $100/$250 blinds. For those of you who don’t play poker, blinds are the minimum fees players need to invest to stay in the game prior to seeing the hand that they’re being dealt, hence the name ‘blind’. However, this isn’t necessarily a bad thing but it does make investing notably different in both cases.
Link to comment
Share on other sites

  • 4 weeks later...
  • 1 year later...
Guest Siyan jheel
Crypto trading, just like forex, involves trading currencies. However, the forex market is larger and well-established while the crypto market is relatively a new player to the scene. Forex involves middlemen, brokers and various other institutions that usually collect fees at almost every step of the trading process.
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...