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Trading cryptocurrencies vs forex

  • #1
  • First Post: Dec 12, 2017 11:19am Dec 12, 2017 11:19am
Hi all,

Has anyone moved from forex to crypto, for trading not buying and holding? If you have which brokers do you use? Do you find it easier than Forex? If you trade on a broker like GDAX is the process much slower than on a broker like pepperstone?

Thanks

MP
Gravity goes both ways in forex...
  • #2
  • Dec 13, 2017 3:48am Dec 13, 2017 3:48am
Quoting max pips
Hi all, Has anyone moved from forex to crypto, for trading not buying and holding? If you have which brokers do you use? Do you find it easier than Forex? If you trade on a broker like GDAX is the process much slower than on a broker like pepperstone? Thanks MP
Hello. I would also like to try the crypto currency. I'm subscribing to this thread. But I do not think that the trade in crypto currency should come to replace forex trading. I will not leave forex, even if I start better on currencies.
Just wondering...
What is your experience of forex trading? why did you decide to consider the crypto option.
Dont hurry in three situations: marriage, sex, trade.
  • #3
  • Dec 13, 2017 6:01pm Dec 13, 2017 6:01pm
Right now i don't see any advantage for trading Bitcoins, the overall conditions suck.

I can simply trade a Dollar portfolio with 7 major fx pairs with a conservative volatility that can move during the week from 4 to 700 Dollar.
It has the tightest spreads and lowest costs.
Nothing can beat that.
  • #4
  • Dec 14, 2017 3:12am Dec 14, 2017 3:12am
Quoting RondaRousey
{quote} I trade anything that moves. It does not matter if it's stocks, forex. bonds, indices, commodities or cryptocurrencies. Your skills and ability to make a profit is more valuable than what instrument you trade. You should be able to trade anything without knowing the news or what it is.
Hah! You really are a trueborn trader.
And indeed the trader's possibilities can not be limited to tools, we are free public. But still, I'm used to trading several currency pairs, gradually improving my trading.
Dont hurry in three situations: marriage, sex, trade.
  • #5
  • Last Post: Dec 14, 2017 3:16am Dec 14, 2017 3:16am
Quoting max pips
Hi all, Has anyone moved from forex to crypto, for trading not buying and holding? If you have which brokers do you use? Do you find it easier than Forex? If you trade on a broker like GDAX is the process much slower than on a broker like pepperstone? Thanks MP
It depends on what type of strategy you use. Does your strategy rely heavily on technical analysis? If so, what type of technical analysis do you use? Because, from what I've seen of any crypto garbage, they don't respect candle patterns the same way Forex pairs do. If your TA works with crypto then go for it! If it doesn't then don't go anywhere near it!
Here's Tom with the weather.
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