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

[shulc7]

You can definitely trade on Forex if you know a lot about it. As for me, I know more about the cryptocurrency, therefore, I choose exactly crypto. Additionally, I have many coins. This video explains: https://www.youtube.com/watch?v=g7mYEd1inp4

[Sablinkstay]

Cryptomarkets are much more volatile, you can earn much more in much less time.

[osmo]

I keep learning in bitcoin trading to hone my skills, why I prefer bitcoin because I am interested in something new, actually I am also interested in forex but I only have time on Saturdays and Sundays because on another day I have to work, so I chose to trade bitcoin because bitcoin trading on Saturdays and Sundays can still be a transaction while the Saturday and Sunday forex is closed.

[snewkadel]

For retail traders, in most cases you are trading against the house/FX dealer. They do everything they can to eat up all your money, i.e. huge bid/ask spread in volatile periods, spiking the price if you placed stop loss order, giving you a huge margin. There is nearly no way to trade in a relatively fair FX exchange unless you go into brokerage firm to trade in CME. Fair game does not apply on retail players in FX market.

[Beegovere]

Forex is very stable, yet money is lost.
The crypto are crazy, but with a little 'luck (a lot ...) you can get rich.

Another thing is that for forex you need to be experts in charting etc but for bitcoin altcoins trading that is not compulsory as it depends on news.

[sgenuine]

First of all forex requires a lot more serious legalities. You need to get an account, link your bank account, give permissions, pay them etc etc a lot of stuff. I trade on binance and I have not verified myself and never sent any documentation to anyone.

Forex is different, you need to be professional about it, and there are so many people trying to abuse it. Trading crypto currency is a lot easier and a lot more satisfying now that "whales" are not as dangerous as forex.

Absolutely right, brother. I do not like these complications that is why I always choose the cryptocurrency. It is safe, fast, easy. You can enter the market now even if you have less than 100 dollars.

[hungsanh2512]

Almost forex markets are unregulated and just simulated, not actually trading on the open market. So you are new or old in the investment, we should not be looking for good luck and rich in forex.

[Andrej Peiboski]

Forex is a difficult market, where the best traders in the world operate. The chances of making money are very limited.
Crypts are also difficult, but at least the possible gains are much greater.

[simpleholmes]

the manipulation that occurs in crypto can`t be done anyhow in the forex market, the earning and returns here are the fastest ones and the tax is zero, what a better place for an easy money seeker to trade on  ?

[manggis97]

I think is better we have knowledge of trading in different market,  not only in crypto trading but also in others asset like forex,  stocks, commodities and indices. This is because in crypto trading we can make profit only when the price on bullish,  and when the crypto market on bearish we should be move the money in to others asset.

[RasicaOla12]

Forex investing for many people has become not only a profession but also a great way to preserve and increase capital. The profit generated by real exchange transactions is much higher than the inflation rate, the investor or the trend of the market to trade.

[Brunus]

You can easily trade at the same time on forex and crypto.
The important thing is to remember that the strategies that allow you to queuing in the forex (anything but safe ...) do not seem to work when it comes to crypto.

[_crypto_moon_]

I trade crypto currency, and not Forex, because I really like how the crypto currency changes our world and the entire financial system and I want to support it in any ways.

[p i e c e]

As for me, Forex is a bit complicated. You have to give first, a lot of information about you. Additionally, serious knowledge here is needed. I choose the cryptocurrencies and crypto trading as I simply understand it.

[Semosuchi Tesongrato]

Forex is more stable, and it is difficult to make big gains if you do not move major capital.
The crypto are much more volatile, certainly more dangerous, but with a little skill and luck you can earn much more.

[okorocrypto]

Trading Bitcoin in forex is better than with cryptos. Forex market is less volatile and respects technical analysis more than the crypto market that is volatile and governed mainly by fundamental. People make huge amount of money trading Bitcoin in forex because the liquidity is there and you buy or sell without worries.

[Magiklair]

I think that it is difficult to compare btc and forex because the prospects are really great if we talk about btc. To my mind, it is obvious because  btc traders can earn much more money if having the strategy

[ryzaadit]

Forex can be same like Binary Option, iam try a trade with Binary Option but mostly they really have some high psychology and i can't handle it when i trade at Forex/Binary. But on crypto iam still can handle my emotion, Right now iam stay away from Forex/BO

[Getmon]

Actually, forex trading is an option. In fact, a lot of people I know do both stuff. In fact, some of them are trading all kinds of goods such as crypto, stocks, forex, silver and gold, etc. However, if I am not mistaken, they have made a lot of money in crypto trading rather than on forex or stocks. In crypto, if you fail, and you do not know what to do anymore, and you ended up leaving your coins in your wallet, you might just wake up one day having gained 500% of what you originally have. Now, that's not gonna happen somewhere else.

[merrillolive]

Because foreign exchange is less fluctuating in price, it is harder to earn foreign exchange than BTC, although BTC is risky so we invest in it because the price fluctuates for us.