Which is More Profitable: Crypto or Forex Trading?

[Suba]

Both crypto and forex have similarities, traders profit from volatility or fluctuations in market prices. Traders also analyze both technical, fundamental and sentiment to determine buy and sell positions, managing risk so as not to lose big. However, crypto and forex trading also have many differences, such as crypto is not controlled by anyone, while forex is controlled by the central bank of each country so that forex fluctuations are more stable compared to crypto. Crypto exchanges generally offer leverage of up to 120x for future trading, while forex depends more on the broker but generally offers leverage of up to 500x. Currently, many forex brokers offer forex trading using crypto. So which do you think is more profitable, crypto or forex trading?

 

[riberet19]

I think it depends on the trader, and according to their knowledge. For me, the crypto market can be more profitable, but that's surely because I have more knowledge; a forex trader might think the exact opposite...

 

[eLdavis]

Both are extremely profitable, at the end of the day, the level of skill and knowledge you have would determine how much profit you make.

 

[serki777]

Crypto delivers higher raw returns in strong trends, but it demands tolerance for drawdowns. Forex has daily micro-fundamentals (rates, macro data) and is more tradable around news if you know what you’re doing. I switched to crypto futures for the structure and a “clearer” session close in my journal. I turned to Hola Prime for the futures side, and it was easier to keep my journal tight - when you know evaluation/payout is coming, you don’t break the plan on the first spike.

 

[Trush Jodie]

The two of them has the potential to make you returns of investment as high as 80% within just a matter of minutes. None is really more profitable than the other.

 

[Starmix]

If I am only skilled in Forex Trading, it's the one I would choose that guarantees money in some days, unlike crypto.

 

[SHAHID987]

In my view crypto trading is more profitable as compare to forex. The point is, if you have sound knowledge about crypto trading then you can make a lot. Only little more than a decade Bitcoin price was $.08 and now it is $120000. In overall field of forex we don't get any example like this.

 

[Trush Jodie]

I am more conversant with crypto. And I would naturally say that crypto is more profitable than forex. So many forex traders that I know lose big time in forex trading.

 

[Webster]

I think it depends on the trader, and according to their knowledge. For me, the crypto market can be more profitable, but that's surely because I have more knowledge; a forex trader might think the exact opposite...

I'd also add that which one to go with is really as much an individual decision as anything else.