Post
Topic
Board Trading Discussion
Re: Why is crypto trading so similar yet so different from Forex trading?
by
teosanru
on 01/07/2023, 20:35:55 UTC
This question seems so simple, yet the answer seems to escape me. Both involve technical and fundamental analysis, which includes indicators, charts, and candlesticks. They make use of the same trading principles, ideologies, and strategies. However, I have yet to see a forex trader who has dumped forex trading for crypto trading. I have yet to see a forex trader who doesn't claim that they make more money than crypto traders. I have also yet to see a crypto trader who has dumped it for forex trading. Have you made a move from Forex trading to crypto trading or crypto to Forex? What happened? Can one do both at the same time?
It's very simple why it's different, crypto has much more volatility than forex. Crypto is a very different market because the things that the results depend on is quite different. Also leverage is pretty heavy in forex. Talking about doing both I don't think it's possible to trade both. Both are 24 hours market and you'll be in a very difficult situation when you'll try to remember variables of both the markets so obviously it's not advisable to really trade in both the markets.