What would you say to someone thinking about crypto trading instead of Forex?
Why Choose Crypto Trading Over Forex?
19 replies 364 views
seed_ninjaNewbie
Posts: 68 · Reputation: 1
#2Aug 16, 2020, 01:49 PM
Honestly, if you know how to trade, there ain't much difference. Just make sure you're making profit. Forex is too complicated for me. Crypto is simple, just buy till you accumulate and sell when it peaks. That's the plan for me.
Both markets need knowledge. Yeah, sure, forex uses similar analysis techniques, but trading isn’t only about that. It’s all about understanding the strategy behind them too.
wizard2018Member
Posts: 5 · Reputation: 238
#4Aug 16, 2020, 10:19 PM
It really depends on the person. If they're from Forex, explain differences and potential profits. If they’re new to trading, talk about the perks of crypto. Sure there’s good profit potential but also risks due to wild price swings.
shard_2013Full Member
Posts: 207 · Reputation: 287
#5Aug 17, 2020, 04:00 AM
I don’t have a strong recommendation either way. Both can be risky. My friends stick with forex, but I prefer crypto. Learned it myself and it works for me.
Let's stick to recommending crypto here, folks. No need for off-topic arguments. Stay focused.
I’m biased since I don’t trade forex but from my experience, crypto is way better. But if someone’s curious about both, they should try out both sides first. You never know what will click for them.
whale_omegaMember
Posts: 49 · Reputation: 95
#8Aug 17, 2020, 07:53 AM
You’re probably just hearing what you want. To really get the full picture, know both pros and cons of crypto and forex. No surprise most here prefer crypto since we’re on this forum. Ask forex traders and you’d probably get a different answer.
New traders need to explore and show dedication. I’m always ready to help those who take the initiative. I share my experiences and insights but also encourage self-learning.
king_matrixMember
Posts: 52 · Reputation: 163
#10Aug 19, 2020, 03:26 PM
Seriously, does it matter which one you pick? Both need solid knowledge and experience. Sure, forex might need more experience, but whoever wants to trade should invest time in learning.
One major plus for crypto trading is access to public data, on-chain info, and analysis tools. It's much easier to figure out trends and track wallet activities.
mark.viperFull Member
Posts: 28 · Reputation: 318
#12Aug 19, 2020, 11:44 PM
Crypto is def more appealing than forex. You can start with a small investment and trade whenever you want, 24/7. Just gotta be cautious about the stability compared to forex.
I wouldn’t recommend trading at all. I’ve been through forex and crypto. Got burned in forex big time, had mixed results with crypto.
I know both markets have their perks. Just curious what personal reasons folks have for choosing crypto over forex. I want to hear your thoughts.
Since 2013, I’ve been saying everyone should invest a little every month. It’s the future, and even $10 isn’t a load to commit.
whale_omegaMember
Posts: 49 · Reputation: 95
#16Aug 20, 2020, 01:23 PM
Many here probably don’t even know forex exists. Crypto was just getting started when I ditched forex.
Both trading types need fundamental and technical study. It's a personal choice in the end. If you’re teaching someone, fine, but don’t push them into it blindly.
darkoracleNewbie
Posts: 4 · Reputation: 13
#18Aug 20, 2020, 06:56 PM
Totally get that, we’re in a crypto-heavy space. If you flipped the question to a forex forum, the answers would be skewed the other way.
When markets are unpredictable, you gotta be careful with trading. I was into forex back in the day, but crypto’s volatility is just more thrilling. The potential rewards are higher.
Things are shifting now. Awareness is growing for forex traders compared to a few years back. But yeah, both are risky. Forex can be heavily manipulated, which can be super annoying.