Re: Which one is better? Forex or crypto currency trading?

Hi,

What is your opinion about forex trading vs crypto currency trading?
Which one is better? More profitable ?

Also, there are some bots like GunBot or C.A.T which automate whole trading, but is there any bots for forex?
Is crypto currency and forex trading strategy and method the same?

You don't have any experience on forex it seems. Just download metatrader and have some fun with a demo account. There are many bots both paid and free which you can use with forex trading.

Crypto trading is not much different than forex. All you need to make right guesses more than wrong ones. Cool

I don'.t know about C.A.T. much but if you checked the GunBot you'll see that it makes the most profit if there is a bull market going on. The statistics were like; on a bull market you'll most likely to make %500 with gunbot and you'll be making %400 with holding. Don't remember the exact numbers but you can think of gunbot as a profit booster.

You probably won't be making any money if everything goes to shit, neither by holding nor botting.

Trading on a demo account and on a real account is different. When you play on a demo account, you are luckier, and when you replenish a real account, you get more loss:(

The demo account is usually provided by the bot developer. They use fake charts, so you always make more profit while trading. They just want to make you believe their service (the bot) is good and win more than lose on long term. Their interest is only to sell their service and make their profit, doesn't matter if you will lose a lot of money with their bot on real account later...

I think it's not a good idea to trust a lot of money in a bot. It's just an AI, and it will lose all your money without any prudence.

What demo account are you referring to? If you are talking forex demo accounts then i would really disagree on your statement since brokers would definitely do the opposite thing they would not tend not to cheat their posibble traders in fact they would really be helpful to their demo traders to trade succesfully because once they do decide to go live trading then brokers are earning on every trade they made which means the more successful a trader is the more income or profits they would generate.

In my view the main reason of profit making in demo account is you are playing freely without worry of loosing it as even if you lose it your own investment is not gone but when you start to invest and then play then you are worried of if you lose the investment so in this process what happens is when ever you take position you will be watching is until the position is closed so in this process what happens is even on shorter profit you close the position but when you are in loss you dont close the position in short lose. So in my sense both are same of trading in forex or crypto trading

That's one of the reason why brokers do make demo accounts which they would let their traders to test it out without the need to pull out money from their pockets and yes once we do demo tradings confidence is really high since our mind tells us that no matter what the result is its still okay since we wont lose even 1 cent but when we trying out to live accounts story would be different at all.