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.