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FOREX or BITCOIN which is best to trade?

  • Thread starter Thread starter segunolatoye
  • Start date Start date
Why i prefer forex is because i am a day trader, and i work with fundamental and technical analysis to run the market, bitcoin seems more like a long time investment.
 
I don't really know much about Forex and bitcoin trading, I feel both are Complex, but if am to choose I will go for bitcoin trading because of the value.
 
segunolatoye said:
I have always wondered why Cryptocurrency value is not affected by currency rate who knows which is better to trade?
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To me foreign exchange is more reasonable, in the sense that it deals with different currency, unlike bitcoin that involves only one coin.
 
It depends on individual, forex is very risky and has a lot of profit than that of bitcoin.
Bitcoin also has a lot of profit but with less risk. So it depends on which one you want.
 
segunolatoye said:
I have always wondered why Cryptocurrency value is not affected by currency rate who knows which is better to trade?
Click to expand...
I rather choose to trade cryptocurrency than Forex. You can lose your entire savings to Forex in a day other than cryptocurrency that offers you more options
 
I guess what you're asking is the best to trade if it's fiat forex trading or cryptocurrency trading. To me think trading cryptocurrencies is just the best
 
Bangiszz said:
It depends on individual, forex is very risky and has a lot of profit than that of bitcoin.
Bitcoin also has a lot of profit but with less risk. So it depends on which one you want.
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We can't in all totality compare Bitcoin to forex, Bitcoin is just part of crypto currency unlike Forex that is an embodiment of different currency pairs and even volatility market.
 
they are all traders platform which pays very well but determination to the best depend on choice and how it favors you as a person to me the are all best to trade.
 
Which one is based depends on what your priorities are and what you are good at. For me investing in bitcoins is more profitable that investing in forex. Forex is more risky.
 
I would trade bitcoin instead of forex. There is too much risk trading in forex that in bitcoin. You would even be at risk of losing all your money on forex trading
 
We all know that bitcoin is more easier to trade compared to forex ,because even a newbie online could place a trade on bitvoin ,you don't need a broker to run the trade for you
 
I don't really have a clear knowledge or understanding about the two but it can depends on it operational terms and conditions and them time requirements to run it properly.
 
Though to be frank, I haven't traded in either of the two but if I would have traded in any of the two, I would have preferred to trade in cryptocurrency. Forex to me is complex and poses high risk compare to cryptocurrencies.
 
Forex makes use of the countries Fiat currency, while Bitcoin is a crypto coin. They're both volatile because forex trading is done digitally same with BTC. But BTC is highly volatile than those forex currencies.
 
I don't do forex, therefore, I cannot say anything about this. However, as far as bitcoin is considered it is for investment, mainly long term investment, instead of trading.
 
I think this question has been asked severally. I will not say to the currency trading is better than forex trading, it all depends on your level of knowledge and understanding of how each of them works and how you can make money from them.
 
They are both good to trade but forwx trading needs a lot of knowledge and experience to trade and invest in forex, because any mistakes can make you loose your entire funds in hours. Bitcoin does not needs much training and experience to trade and invest on it.
 
segunolatoye said:
I have always wondered why Cryptocurrency value is not affected by currency rate who knows which is better to trade?
Click to expand...
Both trading on forex or cryptocurency requires a level of trading knowledge to be able to trade effectively.Though i am not into the forex market trading,but i am qiut conversant with the cryptocurency trading.but yu have to choose the one that will suit you,and gain competence in that.
 
I guess Bitcoin is more better since forex requires knowledge and expertise to gain high profits whereas anyone can start crypto trading and make profit without any stress of learning.
 
I cannot make a comparison between forex and cryoto trading because I have never done forex trading or crypto trading. I hear that both are very risky but can help you make money in short time.
 
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