Which one is better - FOREX or CRYPTOCURRENCY trading?

in introduceyourself •  7 years ago 

What is your opinion about FOREX vs CRYPTOCURRENCY trading?

Which one is better? More profitable?

Screenshot_2018-01-21-21-25-16.png

What peoples said about it...

"Crypto trading is not much different than forex.All you need to make right guesses more than wrong ones"

"It almost very similar, only crypto seem to be much easier than forex"

"No they are not the same.Forex trading is very risky compared to crypto trading. In forex you can lose all your funds in a day if your prediction is not right while in crypto you can wait in a few days/month before you sell your coins"

"Cryptocurrency trading and forex trading do have the same aspects since they are both trading something but volatility does matter.Crypto moves its price depend on adoption or users which isn't like forex trading every second count"
Screenshot_2018-01-21-21-27-14.png

There are pros and cons...

In my opinion that mostly depends on the knowledge and experience of the trader.If someone has played for 10 years on Forex that might be a better jdea to just stick with the old habits and use frequently pairs that you have used to

However if someone has a decent knowledge about cryptocurrency markets and also about trading in overall (stocks, forex, cfd) but is not yet so experienced then switching your main focus on cryptocurrency markets might turn out as a brilliant way to make the profits out of the speculation"

Screenshot_2018-01-21-21-26-30.png

But we need to not forget about big players participating in both forex market and cryptocurrency because everh time you hop in the roller coaster, you play against the whales

Important things to remember...

High Risk High Return
Take Calculated Risk
Diversify Your Investment

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Welcome to Steem.com

Thank you

Wellcome to steemit

Welcone to Steemit.com @jutawan2769

Thank you

Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://bitcointalk.org/index.php?topic=1875390.0