Post
Topic
Board Trading Discussion
Merits 2 from 1 user
Re: trading
by
boboking
on 01/03/2018, 03:14:03 UTC
⭐ Merited by Nerman (2)
Does stock trading work the same way as bitcoin trading?
Stock trading is difference bitcoin trading and cryptocurrency trading. Bitcoin trading is the same Foreign Exchange (Forex). But basically to trading stock or bitcoin you need basic trading knowledge like technical analysis, charts analysis.... and i think bitcoin trading now is easier stock trading, the profit which give from bitcoin trading is also higher but to trading bitcoin you need have psychologically stable because price fluctuations is very large.

Yes, It is more similar to Foreign exchange  and usually main trades can be done by BTC/altcoin or ETH/ALtcoin, of course there are some who offers USD? BTC ETH  LTC. You can also notice that price from other exchange may differ from other exchanges, which if you are fast and good you could take advantage of.

Technical analysis has the same concept. You can use FIB, EMA, MA candlesticks etc. but predicting it is actually harder. Also volatility is way different. In this market you can get a gain of 50% within minutes but also you may see your self getting a loss in minutes as well.

With stocks you can see right away if the fundamentals are actually BS. With Crypto specially with ICO sometimes it is hard to predict if it is a shitcoin, you need to do an extensive research if you are going to invest in ICO.