Re: What is the difference between crypto trading and traditional stock trading
I'm a newbie in trading. I read books by John Schwager, Alexander Elder, John Bollinger about technical analysis and psychology in trading and I began to doubt that all this was suitable for the modern cryptocurrency market. How is crypto trading similar to stock and Forex trading? What are its similarities and differences?
I would like to thank everyone in advance for their replies, I appreciate it!
I would like to thank everyone in advance for their replies, I appreciate it!
Main difference?
1. Volatility
2. Regulation
3. Decentralized vs Centralized
4. Fundamental effects
Speaking about application of TA?
It would really be just the same on which traders on this market are definitely been making use of TA because news cant really be something that they could really be able to rely with.
Not all the time that fundamentals would really be leading or mainly be affecting this market on which it would really be just that a normal approach that people or traders
would really be commonly making use of these indicators.
The thing i do like on crypto market is that the possibility on earning huge profits once you do able to make yourself do make good trading decisions or calls.
Unlike on stocks or forex which movement is really that too slow. I do even believe that there are lots or tons of forex/stocks traders
did really consider out on touching crypto space because of this main difference.