Is forex still worth trading with onset of Crypto currencies? I personally don't think that they're worth trading when there's so much more profit to be made trading Cryptos. By the way are we able to trade crypto currencies like we would commodities or foreign currencies?
Forex
7 years ago by pixelatedbrain (35)
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Hey Harae,
Just saw your post pop up in the new posts, trading stream and thought I'd give you my 2 cents (yes, pun intended considering we're talking forex!).
I have to disagree with you if you don't think forex currency pairs are worth trading now that crypto has come onto the scene. It's easy to get caught up in the hype when you spend a lot of time online in the crypto focussed communities, and while their growth has been amazing, fiat currency is still king. I'm not saying it's better than crypto, or that things wont change in the future, but for now, it is what it is.
The unparalleled liquidity brings stability to forex markets and with stability, comes the ability to try to predict human behaviour through price. As traders, this is all we want. We aren't here for the romance or to build technology, we're here to make money.
So as a trader, forex markets are still very worth it. But from a technology point of view, the upside in crypto is huge. Just make sure you understand what you're trying to achieve before you set out down either path.
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While the crypto market went and stayed down, look at what my forex strategy was doing durin he same period (January 2018 till July 2018
View links; https://www.myfxbook.com/members/coolscott/scotts-adx-martingale-02/2457262
https://www.myfxbook.com/members/coolscott/scotts-martingale/2412743
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I totally disagree
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