Post
Topic
Board Trading Discussion
Re: Crypto trading vs Forex trading
by
GreatArkansas
on 07/06/2021, 05:47:10 UTC
In my opinion crypto trading on the spot market is lower risk than forex trading, because forex trading actually trading with use margin /leverage. I did trading forex for more than 4 year, but its really hard to earn profit consistently. But from crypto trading on spot market, I did make huge profit only for holding by longterm. Traders are more successful in spot markets such as stocks and crypto compared to the margin forex trading.
Yeah, you got a point for having margin or leverage in forex trading. But the one you mentioned doing spot trading for the long term, like you, and hold it for the long term?
You didn't put any stop-loss at all? It really risky too for me even you are doing spot trading without any proper way of trading especially considering the volatility of cryptocurrency.