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!
Trading stock seems complicated (but not too complicated that no one can learn easily) because I first started trading crypto which is 24/7 market without terms like "in the money", "lots", etc.
So crypto is easier that stock and there are no many requirements to register account and start to trade.
crypto is more volatile than stocks, forex, commodity. so it is more riskier and we get more opportunity to make profit. also trading psychology is similar on every market because same people and bots are trading and following the TA breakouts and retests, etc.