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?
Forex trading is a bit stable market to me and if you have developed your skills and knowledge on interpreting the market using candlesticks formation and some indicators you can easily predict the market and get some profits out of the market. Cryptocurrencies market is a different think and we can actually make money from the market using technical and fundamentals analysis but the volatility is too high that most time the breakouts do cause Suspending of the existing market pattern.
Trading with bots is not much advisable to me. I could remember how in 2011 I lose huge amounts of money through bot and since then I hate trading using bots or robots.
Speculators can move the market with low liquidity and marketcap. Cryptocurrencies are perfect example for trapping others with hot money which flows between financial markets. Low liquidity gives advantage to create shooting star type of price bars on charts and long wicks are created by speculators. Situation is not same on spot forex market. Hedge funds are regulated and they are not allowed to intervene for taking more profit. Automation is usable in case of having working strategy with proven history.