cryptocurrency trading is safe than forex trading
cryptocurrency trading is safe than forex trading
I made post here when i ask how to trade cryptocurrency many people answer me well. I don’t knw if there is how i will link that post to this new one.
I just understand that cryptocurrency trading is very well safe compare to forex trading. In cryptocurrency when bitcoin is high like this time, everyone will fine in the market. But greedy trader will not be fine. Everyone will be fine because if you loose don’t sell on loss just wait and the market will come back. i read about fundamental and technical analysis but I use different one which I dnt knw the name.
I use binance and in binance i watch the market and i will see hot/gainers/loosers/24hr vol. I will check the coins that are hot and i will check them in loosers and buy them and wait for 24hrs they will go back to gain and i sell. But in forex if the market is against you, its against you. What is the name of my style, is it fundamental or analization.
We can’t really generalize this aspect because every trader has their own strengths and weaknesses. I do agree that if you ask those forex guys, they will have the opposite opinion. For them, it is safe to do forex trading rather than crypto trading especially if they haven’t done any crypto trading yet. But if you are a long time crypto user and haven’t been in forex trading, you will be more comfortable to trade in crypto. But it doesn’t mean, you are guaranteed safe because it depends on the coins that you are going to trade with. So in this case, this depends on the person, the capability, his knowledge and skills towards these 2 types of trading.
I doubt that people would call crypto trading a bad thing in a forum called “bitcointalk”, if there is a “forextalk” then go ahead and check that out and ask the same question and they will tell you that forex is more safe and crypto is bad. This question has answers based on who you are asking and not based on data.
If you are a good trader in crypto you will be great in crypto, if you are a bad trader in crypto then you will lose money, if you are great at forex you will profit there, bad at forex means lose there. All in all it depends on you and how you can do it, there is really nothing that makes everyone be the same and suddenly this is better or that is better collectively.
I mean, mate, we’re literally in a bull market; almost anyone’s going to make money in a bull market as long as he/she isn’t tremendously bad. Bull markets are times when almost everyone thinks they’re some trading/investing genius. Wait til we get into bearish territory, then re-evaluate if you’re actually good.