I was trying the whole week trading altcoins on Poloniex. And finally I came about to accept one truth: These trading games in the Crypto world are just not for me.
I am a forex trader as well. I tried to apply what i used in forex trading to cryptocurrencies trading. But that was so hard for me.
I don’t believe in luck. What I believe is trading system, trading plan, and money management. Being two years in forex trading, I had developed a trading system that suits my daily life style. Basically I entered every trade with pre-set stop loss and profit taking level, and just set-and-forget. With good risk and reward ratios, I manage to make some profits in my daily trading. But this way of trading is so difficult in alt-coin world. I just cannot forget the trade I have made. Because the markets are so volatile that stop loss always being triggered. I have to put a lot of screen time, which is not compatible with my daily job schedule.
So it just come to prove again the truth: there is no short-cut for quick money. I withdraw all my bitcoin from Poloniex and put back to my offline wallet. In the crypto world, its more comfortable for me to be a long-term holder, rather than in and out trading all those volatile alt-coins.
I love trading, of course, and I will continue to stick to my forex way of trading. I wish I have the opportunity to share some of my trading experiences here, in my future articles.
Totally agree with you friend, those are completely separated worlds. I also do forex trading for a living since 2010, if there is anyone here interested in the topic please check: fxcess.com, that's the only site I can recommend to you guys because is the one I use, check it and you can thank me later.
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