Do you think Gold is more volatile than cryptocurrency

[Heatman]

I have been trading Gold on Forex lately and from my observations so far, it seems like the volatility of Gold is far more bigger compared to any cryptocurrency. The way Gold moves in price is outrageous.

What do you think if you have traded Gold?

 

[Nomad]

Volatility means prices move up and down frequently. Crypto and Gold, even stocks and ETFs are volatile. However, the volatility we see in crypto does not match with volatility in any asset. Prices in crypto can go down every second by hundreds of dollars. I think gold is relatively less volatile asset.

 

[Heatman]

I would actually say that you are of the opinion that God is relatively a less volatile asset compared to cryptocurrency because you have not traded on it yet. This is because the experience that I have had trading on gold in the past few weeks, I've never seen anything like it.

 

[Riberet19]

It may be that in short periods of time and due to macroeconomic conditions an asset can act more volatily than another, even gold, but historically, gold has been less volatile than cryptocurrencies, and that is something undeniable, we just have to look at the historical graph, but in short time frames, anything can happen, we must remember that the economy is very unstable nowadays, and even assets as consolidated as gold can act like this.

 

[Adegbe12]

I have been trading Gold on Forex lately and from my observations so far, it seems like the volatility of Gold is far more bigger compared to any cryptocurrency. The way Gold moves in price is outrageous.

What do you think if you have traded Gold?

I really prefer trading Gold then crypto

 

[Heatman]

It may be that in short periods of time and due to macroeconomic conditions an asset can act more volatily than another, even gold, but historically, gold has been less volatile than cryptocurrencies, and that is something undeniable, we just have to look at the historical graph, but in short time frames, anything can happen, we must remember that the economy is very unstable nowadays, and even assets as consolidated as gold can act like this.

This is true, historically, gold has been less volatile than cryptocurrencies but anyone who's trading in the now market of commodities will always know gold is a lot more volatile. Economy plays a big role in that effect too as that's the foundation of everything.

 

[Skysaint]

The both are volatile in their own ways but comparing the two is almost like an insult to cryptocurrency because it's the highest volatile asset I have ever known. It's really very difficult for the value of gold to depreciate or even increase these days.

 

[Monster Masterpiece]

The gold price generally is increasing while the price of volatile is increasing and decreasing more than gold means crypto could have 0 $ value or double 10 the price in a day while for gold it needs years to double price 10 times.

 

[Heatman]

The both are volatile in their own ways but comparing the two is almost like an insult to cryptocurrency because it's the highest volatile asset I have ever known. It's really very difficult for the value of gold to depreciate or even increase these days.

What I'm actually trying to say isn't about the general volatile nature of cryptocurrency or gold but when you're trading them.

If you know forex trading and cryptocurrency trading, you're going to understand what I'm trying to say. A cryptocurrency trade moves slow when it comes to how gold moves in forex trading.

 

[Skysaint]

What I'm actually trying to say isn't about the general volatile nature of cryptocurrency or gold but when you're trading them.

If you know forex trading and cryptocurrency trading, you're going to understand what I'm trying to say. A cryptocurrency trade moves slow when it comes to how gold moves in forex trading.

Well, I do trade in the cryptocurrency space so I understand that part but I don't know so much about forex trading. I made my comment based on the general or common idea of investing in gold. I don't even know people trade gold in forex.

 

[Heatman]

Well, I do trade in the cryptocurrency space so I understand that part but I don't know so much about forex trading. I made my comment based on the general or common idea of investing in gold. I don't even know people trade gold in forex.

I understand what you're trying to say and yes Gold is being traded on Forex. GoldUSD pair is the fastest moving pair in forex trading.

This is a live chart of Gold USD now that's happening in forex trading.

 

[Skysaint]

I understand what you're trying to say and yes Gold is being traded on Forex. GoldUSD pair is the fastest moving pair in forex trading.

This is a live chart of Gold USD now that's happening in forex trading.

View attachment 5401

Wow, it's really amazing. I can't remember when I coin moved with this speed in the cryptocurrency market. I wonder why so many believe that it's more risky to trade in the forex market than in the cryptocurrency space.

 

[Koldej]

I have been trading Gold on Forex lately and from my observations so far, it seems like the volatility of Gold is far more bigger compared to any cryptocurrency. The way Gold moves in price is outrageous.

What do you think if you have traded Gold?

I think they are actually on the same level but I think volatility of gold is indeed more bigger than cryptocurrency, this is a proven fact with how the price of Gold keeps on moving

 

[Heatman]

Wow, it's really amazing. I can't remember when I coin moved with this speed in the cryptocurrency market. I wonder why so many believe that it's more risky to trade in the forex market than in the cryptocurrency space.

Forex Trading is just crazy in how the market moves even with other currency trading pairs but it's worst with Gold and USD. Also, another key factor in forex trading which makes the market move in a very high speed is News. The way news affects forex trading can spike you so fast or make you win so fast. It's usually 50/50 when you know what you're doing.

 

[Skysaint]

Forex Trading is just crazy in how the market moves even with other currency trading pairs but it's worst with Gold and USD. Also, another key factor in forex trading which makes the market move in a very high speed is News. The way news affects forex trading can spike you so fast or make you win so fast. It's usually 50/50 when you know what you're doing.

News also affect the cryptocurrency market and now that I think about this, I think there's no much difference between the forex and the cryptocurrency market; at least they both involve trading. Just that somehow, I'm more confident in trading cryptocurrency.

 

[Ja Sa Bong]

I understand what you're trying to say and yes Gold is being traded on Forex. GoldUSD pair is the fastest moving pair in forex trading.

This is a live chart of Gold USD now that's happening in forex trading.

View attachment 5401

Look at this pumping! Any trader who was able to buy this gold at any zone around 1913.00 is swimming in so much profit as it's at 1920 because that's a lot of pips. If I can catch a trade like this with 1.10 lot on $3000 account, I'm going for a holiday after closing the trade.

 

[Heatman]

News also affect the cryptocurrency market and now that I think about this, I think there's no much difference between the forex and the cryptocurrency market; at least they both involve trading. Just that somehow, I'm more confident in trading cryptocurrency.

Yeah, that's very correct news also affects cryptocurrency market too. It's just that how it affects price movement in cryptocurrency is slow compared to how it affects price movement in gold. Gold is a very crazy metal.