Post
Topic
Board Trading Discussion
Re: Crypto trading vs Forex trading
by
justdimin
on 07/09/2021, 18:32:07 UTC
You should really take a step back and find out what you want. Given fix rules around your trading, it does not matter what you trade, EurUsd or BtcUsd. You can trade only one currency pair, looking to score 10 pips a day. If you can do that like 80% of the time, you could then raise the risk and reward of these 10 pips to a total of 1k per trade, 10k per trade 100k per trade, it doesent matter. You could also learn how Elliot or Wyckoff traded the markets and have 10 trades a day with a RR of 1:10, loos 7 of them, win 3 of them and still raise your risk per trade after some time.

Its all perspective. And passion. If you come for the money only, you will be gone soon. Hard lesson I learned and paid a lot to learn this.
People do come for only the money, you do not do Forex for a hobby, you do it because you need to make a profit and that's why people are interested in it. I am not saying that there is nothing you can enjoy in there neither, of course you can enjoy it while doing it, but just because you enjoy it doesn't change the fact that only reason why people trade in crypto or do forex is the fact that they want to make as much money as possible.

Crypto is still by far better because not only it provides so much profit to people even if they fail to make a profit for now but wait long term to get it back, but also it is a volatile thing that could make a lot of profit with ease considering the changes in price.