Post
Topic
Board Trading Discussion
Re: Give a reason for your recommendation.
by
Jegileman
on 27/11/2024, 20:40:06 UTC
What reason(s) will you give to support your recommendation to someone interested in trading to choose crypto trading ahead of Forex?

EDIT: The discussion is for those who would recommend crypto trading, not those who won't or have neutral opinions.

Very easy to chose one for someone who is just starting of trading and looking for the one to focus on. I will chose for the person to go for crypto trading and my recommendations are that with crypto trading, it is less risky and you’re not trading against a very large group of people. In forex trading, it’s just like trading against banks, big venture capitals and governments in the global market which can be more associated with high risk. In crypto trading, it’s most certainly against big whale investors, a person and sometimes a large group of company but not as big as the investors you’ll be trading against in a forex market.

One distinguish about them that will make me recommend crypto trading is use of positions, lots size, leverage during a trade. In crypto trading, once a trade is on, you’ll only be able to control that position only without adding more position to increase the leverage until the trade is closed and adjust the leverage to start another one. But in forex trading, it gives room for more lot sizes which I feel it’s greed that controls it more and make you lose more money when the trade goes against you. It’s better to focus on crypto trading, it’s less risky and easily understandable as compared to forex trading that involves huge capital investors in the game.