My idea of forex is not really as broad as my idea of cryptocurrency . If I have to weigh both of them I'll say that I have more understanding of cryptocurrency than forex but it's easier to learn forex than cryptocurrency as i see. In all the same we just have to do things that works for us.
Yeah, like I stated before what works for a person may not work for another person. Different strokes for different folks. It is better you do what you are convinced of.
Of course , a lot of people may be willing to trade forex while others may be very much interested to trade cryptocurrency , it all depends on people's natural interest probably with your natural interest the possibility of succeeding will be higher.
Yeah, forex trading was actually one of the first online businesses I wanted to start but on the long run I lost interest. After some period of time I discovered cryptocurrency and began to learn a lot of things about it.
The market is generally unpredictable currently . my prediction about the coin going up was only if we were able to maintain a constant uptrend but this is not happening that is why all cryptocurrencies are down
One of the things I don't like about forex is the fact that you can't trade it on weekend whereas cryptocurrency will always be in existence whatever time you feel comfortable to trade.
cryptocurrency and forex trading are quite different in that area. In cryptocurrency you can trade anytime you want but forex is an open market which is centralised. it does not operate on weekends.
there are a lot of uncertainties in the market at this moment. That is the major reason so many people are out of the market including myself. I will have to wait till December.
Like the last weekend that just passed. I open 3 trade . I didn't know it was weekend but unfortunately the market close with those trade only to come and realise this new week that I was in a serious loss. I really thank God I was using a demo account and I was trying to test my trading skill.
Okay, that's why it is important for you to experiment with a demo account first to know how it exactly works. If you used real money by now you would have been liquidated.
The liquidation could of been because of the fact that I failed to understand that I was trading close to weekend and I failed to close my trade on time. In any case I am still going through some learning process.
Yeah, this is why it is always very important for you to practice and that is what you have done. Since you have experienced this you will probably be careful next time especially when you are using real money.
I believe that the coin also has potential especially when it can provide alternatives when the proof of stake merch that is coming fails but people should invest wisely.
Ok, I think some two weeks ago the price of bitcoins was at $23000 , the last time I checked the price of Bitcoin it was $18,000 which indicate that there is a greater possibility that the price of bitcoins will even drop further. when it was at $23000 I was thinking that the bullish season is about to start.
It is 100% impossible for the bull season to start at this moment. Like i have told before, there are macroeconomic situation that the world is facing and it has to be balanced before any bull season. We are looking at 2024.
A lot of traders have to be very careful with this most especially those that are trading the forex market. Yes probably I will be more observant most especially during the weekend so I may not be caught like that next time.
Well you can't be hundred percent sure because the whole crypto space is so unpredictable. I may not be surprised to find out that new events and news could actually push the price of cryptocurrency to a very high position.