Post
Topic
Board Altcoin Discussion
Re: WHAT IS TRADED IN FOREX?
by
Spaceman1000$
on 12/11/2023, 08:40:29 UTC
I have had a bit of bad experience with forex trading I don't know if it because I was not knowledgeable about trading and also depended so much on their party. Since I was introduced to forex trading via a third party,  so my experience was not a favourable one and at that, I won't want to ever repeat the same again.

I think we have almost the same bad experience with forex and that is why I am more into cryptocurrency as I am  more at ease here though I am not saying that forex is not a good investment vehicle as there are some of the people I know who are making a living with it maybe it is not just for me. I am more excited with crypto and the many possibilities it is bringing for us.
I have traded both forex and crypto trading but I have edge  with forex trading over crypto trading, though I had a mix result in crypto trading hopefully I would return to it later, however having a bad experience in forex trading doesn't mean you can never be profitable in it, it depends on your commitment towards learning all the skills required to enable you to be consistent in profit earning firstly you needed to be well rooted in technical analysis and fundamental analysis as well as trading with a higher timeframe minimum of 4 hour chart and adopting a  working trading strategy with high reward to risk ratio, getting two signals a week is enough to remain profitable in the long run.
I've also traded on Forex and I have seen the benefits of forex trading, because some years past I tried to get into the market breaking through it volatility, but then it wasn't easy. more recently crypto-currency has taken my attention though I'm not an expert yet, on the crypto market but I'm still finding my way through as  I feel it has more potentials with lots of new innovative content.