Bitcoin traders, why don't you just trade forex?

[Kawasakinamoto]

The main thing or reason we trade bitcoin is because of the volatility of the market and we want to use that volatility for ourself to get more profit rather than forex etc.

[wandino]

Forex is very mature, cryptos aren't. With their volatile nature comes a high risk high reward

[zajtsewatan]

Forex is very mature, cryptos aren't. With their volatile nature comes a high risk high reward

Forex is much more secure as a matter of fact! At least for the new users which dont have enough experience.

[DIXItip4ik]

Forex is very mature, cryptos aren't. With their volatile nature comes a high risk high reward

Forex is much more secure as a matter of fact! At least for the new users which dont have enough experience.

Agree about security. I have not heard about brocker hacks but I heard a lot about crypto excnages vulnerability!

[CryptoWorld87]

Actualy i dont know how to trade in forex and when i see forex is like more risky than bitcoin trading platforms that i was trading now. For me i think you have to be more skill when you are doing in forex trading than crypto trading.

[johnywalkerrr]

Actualy i dont know how to trade in forex and when i see forex is like more risky than bitcoin trading platforms that i was trading now. For me i think you have to be more skill when you are doing in forex trading than crypto trading.

But it works other way round) Forex is more secure and reliable way of trading, i even did not heard any news about hacks in forex. Moreover u also can trade btc on forex brockers. At least with some of them

[BobBct]

The main reason we trade crypto is because you just need to make a TA and news. that's all rather than forex you need to check like economics etc. which takes more times rather than crypto.

[sulendra12]

Even though they are literally "same", forex is much difficult to learn than crypto market. For some people though, they prefer to stick with forex because they are really familiar with and know how to make money. That's just preference, whether you choose forex or crypto trading.

[EinWert]

Because the swing on forex are less substantial, bitcoin is more volatile this is good for traders to make big brofits at small period of time

[aragon4ikSS]

Because the swing on forex are less substantial, bitcoin is more volatile this is good for traders to make big brofits at small period of time

Disagree. U may use leverage and make much more profit. Moreover u may use leverage trading with btc! Some brockers now provide sich services

[surtur001s]

Because the swing on forex are less substantial, bitcoin is more volatile this is good for traders to make big brofits at small period of time

Disagree. U may use leverage and make much more profit. Moreover u may use leverage trading with btc! Some brockers now provide sich services

Yes. But do u really think btc trading with leverage is a good idea? Btc itself is very volatile. There is huge risk to loose the deposit if u are lack of trading experience. But if u have exp. Then it is okay

[antropogen0009]

From my point of view forex is like for new users or someone who gonna study how to trade. Crypto is more for professionals. Imho

[karlos_545]

From my point of view forex is like for new users or someone who gonna study how to trade. Crypto is more for professionals. Imho

Forex is still very good financial instrument due to the low volatility and leverage. It is much more easy to make money. But in future I predict absorbation of forex market by crypto one. It will be one market

[all_inman]

From my point of view forex is like for new users or someone who gonna study how to trade. Crypto is more for professionals. Imho

Forex is still very good financial instrument due to the low volatility and leverage. It is much more easy to make money. But in future I predict absorbation of forex market by crypto one. It will be one market

It is stable market but crypto not. Plus all the indicators and stratefies are working well on such market. And other way round - no startegy works on crypto market

[selskoidima]

Forex is nonsense. It is better to trade shares of companies or goods on the stock exchange. And you can earn quick money on a cryptocurrency.

Forex trading is not necessarily meaningless but you need to have a lot of capital to invest. The profit is very low, so you will have a lot of profit. However, investing in the forex market will help you minimize the risk of losing your entire property. The value of money is based on the development of a certain country, so you only lose a little bit or you will be a little profit.

No need to invest huge money to trade forex. Forex provides leverage and u may use it and earn really good money without enormous deposits

[lrdeoliveira]

I feel like crypto has more volatily than fx so the return that you can get is better, also you can get information much easier than on fx. It's also easy to drive the price based on rumour on crypto so there's a lot of rumour going on and you just have to trade according to it. The last thing is there's a lot of people who don't understand how economic works in crypto so the amount of stupid money is a lot and i can profit from their trade mistakes.

[kabackovas]

I feel like crypto has more volatily than fx so the return that you can get is better, also you can get information much easier than on fx. It's also easy to drive the price based on rumour on crypto so there's a lot of rumour going on and you just have to trade according to it. The last thing is there's a lot of people who don't understand how economic works in crypto so the amount of stupid money is a lot and i can profit from their trade mistakes.

U pro probably missed that fact forex is providing good leverage and it is the key how to make a fortune. IMHO. There are a lot of opportunities to make good money on forex of u follow the risk managment

[lordmick]

Forex trading is very tough in terms of its conditions. Forex does not forgive mistakes, does not allow to fix them with time. On the cryptocurrency market, the situation is different. You buy an asset, invest in it. And when you are comfortable selling it. There are no leverage (I hate it), broker commissions (swaps) or margin call. Therefore, personally, I prefer the cryptocurrency market.

[missmaria]

Why do you call this markets "shady" and "unstable"? The capitalization is extremely big now and the thing is very serious; I'll watch what you'll say when market will overcome 1 trillion.

[sakokinak]

I see there are a lot of first time traders trading Bitcoin via the hack exchanges of MtGox and Tradehill.  It makes me wonder, why don't you guys just trade real forex?  You can open micro accounts with as little as $25.  You get security far better than these shady exchanges.  You get real customer service with a real business that won't disappear and leave you only an email address to cry to.  You get real trading platforms with reliable data, not some ghetto hack stuff.  You get plenty of liquidity, which allows of smooth trading.  And, best of all, you don't have to worry whether it's legal or not!  Trading is hard enough as it is, why anyone would want all these additional factors working against them is beyond me.

So, to all the bitcoin traders out there... what are your reasons for trading these shady, unsafe bitcoin markets over regular FX?

It's not so difficult: the technical analysis is working, to follow the news and remember about the spread, so do not trade at small timeframes. Bitcoin is perfect for diversifying your trading portfolio, because it does not correlate with other tools.