Post
Topic
Board Trading Discussion
Re: How to Trade cryptocurrencies comfortably with profit
by
traderethereum
on 19/05/2019, 11:46:04 UTC
What are the differences between trading cryptocurrency and trading forex?
Many have asked 'is it possible to trade cryptocurrency comfortably and still make profit?' The answer could be yes, though it depends on many factors.

First, your success in cryptocurrency trading has a lot to do with your emotional state, because under anxiety you are bound to make huge loss instead of any profit so you need to first make sure your mind is stable and that whatever condition the market goes to does not affect you emotionally, because trading goes sideways at sometimes. Get your mind use to to the fact that there will always be fluctuations in prices and decide to sell only when you are at profit.
In forex, you need to learn from many sources, and you need to learn so many indicators that will help you to analyze the market, and besides that, it's more complicated than crypto trading.
In crypto trading, you can only learn one or two indicators and master it so you can analyze the market without any problem.
But still, both forex trading and crypto trading needs experience and more lesson to become a pro, and it will not happen in the short unless you are a multi-talent who can learn in a short time to master the lesson.
I still prefer in crypto trading because, for me, it is easy to trade in crypto trading than in forex trading.