Post
Topic
Board Trading Discussion
Re: Trading Coin - harder or easier than trading Forex?
by
BitHodler
on 24/01/2019, 22:12:35 UTC
Bitcoin trading is very different from forex trading even though both of them carry the theme of trading. In forex trading we know two terms namely Long and Short which means Long means targeting prices to rise to generate profits while short has a target when prices go down to get profit.
Long and short applies to everything that's tradable....

Overall, it really that different? From what I have seen so far, it looks more like traders purely interested in short term gains don't care what market they trade, they just follow what the charts are indicating and trade based on that.

Another thing is that there are just as many people (percentage wise) that are losing trading forex markets as there are people losing trading crypto markets. Some forex brokers offer even higher leverage counts than BitMEX.

People refer to stocks as easy to profit from, but there is no such a thing as easy profit, regardless of the market. If it was really that easy, people wouldn't get burned as often as they have been burned in the last decades....